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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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visual111
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January 06, 2015, 05:22:24 AM |
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NXT has a distributed exchange. not quite decentralized though
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arbitrage001
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Activity: 1067
Merit: 1000
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January 06, 2015, 06:44:55 AM |
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Decentralized concept is a pipe dream. Large scale efficient manage of data and resources required a seed server (centralized) to keep track of everything.
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CoolBitX
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Activity: 58
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January 06, 2015, 06:56:57 AM |
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We are working on a exchange site that will not keep users bitcoins but only fiat. The trade system is like Bitstamp where buyers/sellers post orders and deals are made when prices match. How does this sound? No more Mt gox tragedy. In order to make this possible, users have to use our CoolWallet (a form of cold storage). http://coolbitx.com/coolwallet/index.html The exchange site will go live in about a month. Let's make Bitcoin easier and safer to use.  |
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Willisius
Sr. Member
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Activity: 364
Merit: 250
I'm really quite sane!
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January 06, 2015, 07:08:11 AM |
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I think it would be somewhat difficult for a decentralized exchange to have any kind of significant amount of volume. In order for a decentralized exchange to work in a truly decentralized fashion any time someone were to make a trade it would need to be confirmed by the miners.
I would say that the OTC market may have potential to grow
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 06, 2015, 07:09:33 AM |
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We are working on a exchange site that will not keep users bitcoins but only fiat. The trade system is like Bitstamp where buyers/sellers post orders and deals are made when prices match. How does this sound? No more Mt gox tragedy. In order to make this possible, users have to use our CoolWallet (a form of cold storage). http://coolbitx.com/coolwallet/index.html The exchange site will go live in about a month. Let's make Bitcoin easier and safer to use. Very cool wallet indeed! |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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zetaray
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January 06, 2015, 07:15:55 AM |
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Order execution priority is going to be a major problem for a true decentralised exchange. The queue system will be messy at high transaction volume. Decentralised exchange will be experimental in 2015.
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LiteCoinGuy
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Activity: 1148
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In Satoshi I Trust
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January 06, 2015, 07:19:21 AM |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 06, 2015, 07:38:37 AM |
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"Bitcoin Strikes Back" (2015) |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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January 06, 2015, 07:39:32 AM |
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"Bitcoin Strikes Back" (2015) Yeah, I'm not really a Star Wars guy. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Kprawn
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January 06, 2015, 07:45:37 AM |
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Hey, we might as well try it, it's not as if the current method of doing it, is working. I see the current Bitcoin exchanges as one of the largest weak points for the currency to grow to it's full potential. The BTC protocol is working, but the supporting systems are still centralized. A decentralized order book, may just be a step in the right direction.  |
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freequant
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January 06, 2015, 07:59:09 AM |
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2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for Ripple |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 06, 2015, 08:03:31 AM |
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I recall the Holy Grail thread. Looks like they may have it. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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achimsmile
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Activity: 1225
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January 06, 2015, 08:24:44 AM |
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2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for Ripple |
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jubalix
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Activity: 2618
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January 06, 2015, 08:52:19 AM |
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this conversation happened post gox.
Nxt is probably the best *decentralized* exchange atm.
However the problem is real decentralization comes when the bank does not know you are puting money in or out of the decentralized exchange.
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freequant
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January 06, 2015, 08:55:57 AM |
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2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for Ripple Ripple is a decentralized protocol even if at the moment the network is entirely run by Ripple Labs. Internet used to be cenfralized when it started under DARPA's hood. |
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Frabcesco
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January 06, 2015, 09:02:35 AM |
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the year of exchanges is 2013 I just to want to do forex trading in2015  |
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Brother Darkness
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January 06, 2015, 09:15:36 AM |
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the year of exchanges is 2013 I just to want to do forex trading in2015 But this is about decentralized exchanges, which are very much needed like decentralized marketplaces in my opinion. And yes, I think they will see an emergence and gain traction this year. |
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