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Author Topic: Mercury - Fully trustless cryptocurrency exchange - Looking for testers!  (Read 34798 times)
GingerAle
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April 10, 2015, 12:06:47 PM
 #141

What do you mean with "trustless"? Whether we can trus this cryptocurrency or what?

This is an exchange.

Usually, you have to trust that the exchange does not get hacked or the operators run away with your money.

With a decentralized exchange, there is no trust, because its all happening in the various blockchains.

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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April 10, 2015, 12:45:03 PM
 #142

What do you mean with "trustless"? Whether we can trus this cryptocurrency or what?

This is an exchange.

Usually, you have to trust that the exchange does not get hacked or the operators run away with your money.

With a decentralized exchange, there is no trust, because its all happening in the various blockchains.
So, for using this currency is not that easy right Wink
It's a hard work to do it, but nevertheless it can make a good profit.

Faucet used to be profitable
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April 10, 2015, 12:58:56 PM
 #143

What do you mean with "trustless"? Whether we can trus this cryptocurrency or what?

This is an exchange.

Usually, you have to trust that the exchange does not get hacked or the operators run away with your money.

With a decentralized exchange, there is no trust, because its all happening in the various blockchains.
So, for using this currency is not that easy right Wink
It's a hard work to do it, but nevertheless it can make a good profit.

Mercury is not a currency. Its an exchange.

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
abyrnes81
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April 10, 2015, 01:27:05 PM
 #144

Hi dev, Please check CRAVE https://bitcointalk.org/index.php?topic=997356.5680

we would like to be sure you add us to

Thanks!

+1

Make sure also to add CYPHER, +64 bitcoin of volume in less than 24 hours (it is on bittrex, c-cex, yobit and alcurex). Someone said "it is the new cravecoin" with hardnodes.
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April 12, 2015, 04:43:44 PM
 #145

+64 bitcoin of volume in less than 24 hours (it is on bittrex, c-cex, yobit and alcurex). Someone said "it is the new cravecoin" with hardnodes.

Kids and their pocketmoney following such a usable and liquid currency  Cheesy
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May 19, 2015, 12:27:26 AM
 #146

any way I could help? I only use monero, so .......

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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May 31, 2015, 01:30:31 PM
 #147

I am actually quite surprised that this has not taken off faster than it has already, what is stopping this from exploding? I haven't reviewed the code, but there does not seem to be any complaints from current users, so why has it not gained extreme attention?

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June 01, 2015, 12:25:15 AM
 #148

Add XMR and you will see usage as well as support.

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June 02, 2015, 06:53:19 PM
 #149

I am actually quite surprised that this has not taken off faster than it has already, what is stopping this from exploding? I haven't reviewed the code, but there does not seem to be any complaints from current users, so why has it not gained extreme attention?

Two reasons:
1. The software is still a little buggy, not in ways that should lose money, but in ways that make the client hard to use. I have yet to fix some annoying crashes.
2. Until the OP_CHECKLOCKTIMEVERIFY changes are adopted by each coin, there is a TX malleability attack that can let the counterparty steal the funds that should have paid out to you.

I'm working on building out all the code, so #1 should not be a major issue for long. But #2 waits on the coin developers to merge the OP_CHECKLOCKTIMEVERIFY changes. This is very likely to happen since a lot of other protocols rely on this change, but all I really can do is wait.
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June 02, 2015, 06:54:47 PM
 #150

I am actually quite surprised that this has not taken off faster than it has already, what is stopping this from exploding? I haven't reviewed the code, but there does not seem to be any complaints from current users, so why has it not gained extreme attention?

Two reasons:
1. The software is still a little buggy, not in ways that should lose money, but in ways that make the client hard to use. I have yet to fix some annoying crashes.
2. Until the OP_CHECKLOCKTIMEVERIFY changes are adopted by each coin, there is a TX malleability attack that can let the counterparty steal the funds that should have paid out to you.

I'm working on building out all the code, so #1 should not be a major issue for long. But #2 waits on the coin developers to merge the OP_CHECKLOCKTIMEVERIFY changes. This is very likely to happen since a lot of other protocols rely on this change, but all I really can do is wait.

Has anyone offered to help you out in development yet? Are there any users providing testing feedback?

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FULLY
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API FOR YOUR
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thedictator
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June 03, 2015, 12:51:24 AM
 #151

 I'll test this
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June 03, 2015, 06:45:34 PM
 #152

id like to help test this too, its a pretty cool idea.

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June 03, 2015, 07:23:22 PM
 #153

It would be great to get the 2 tokens from ShadowCash on this. Currently you can trade the public token SDC many places but there is no place to trade the 100% anonymous SDT Shadow Token. That would be so cool to link other coins (BTC, LTC, DOGE) to that tech using Mercury!
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June 03, 2015, 07:32:53 PM
 #154

Who be awesome to have shadowcash added

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June 04, 2015, 12:52:23 AM
 #155

I'm going to make a prediction, everyone is going to recommend you add their favorite altcoin because then the software will truly be used..

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June 05, 2015, 01:35:35 AM
 #156

Great Project good luck  Grin
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June 10, 2015, 04:51:21 PM
 #157

I am actually quite surprised that this has not taken off faster than it has already, what is stopping this from exploding? I haven't reviewed the code, but there does not seem to be any complaints from current users, so why has it not gained extreme attention?

Two reasons:
1. The software is still a little buggy, not in ways that should lose money, but in ways that make the client hard to use. I have yet to fix some annoying crashes.
2. Until the OP_CHECKLOCKTIMEVERIFY changes are adopted by each coin, there is a TX malleability attack that can let the counterparty steal the funds that should have paid out to you.

I'm working on building out all the code, so #1 should not be a major issue for long. But #2 waits on the coin developers to merge the OP_CHECKLOCKTIMEVERIFY changes. This is very likely to happen since a lot of other protocols rely on this change, but all I really can do is wait.

Perhaps test the exchange by trading bitcoins for bitcoins?
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June 10, 2015, 04:55:56 PM
 #158

I am actually quite surprised that this has not taken off faster than it has already, what is stopping this from exploding? I haven't reviewed the code, but there does not seem to be any complaints from current users, so why has it not gained extreme attention?

Two reasons:
1. The software is still a little buggy, not in ways that should lose money, but in ways that make the client hard to use. I have yet to fix some annoying crashes.
2. Until the OP_CHECKLOCKTIMEVERIFY changes are adopted by each coin, there is a TX malleability attack that can let the counterparty steal the funds that should have paid out to you.

I'm working on building out all the code, so #1 should not be a major issue for long. But #2 waits on the coin developers to merge the OP_CHECKLOCKTIMEVERIFY changes. This is very likely to happen since a lot of other protocols rely on this change, but all I really can do is wait.

I'd say, don't wait for altcoins, we can use bitcoin testnet and trade them for real bitcoin, or testnet for testnet coins.
Assuming bitcoin has this feature.
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June 12, 2015, 08:58:57 PM
Last edit: June 12, 2015, 09:46:57 PM by Hollingsworth
 #159

+1 for NuBits support. We'll be watching this project with great interest!

I second that motion... or any other alt that is pegged to the dollar... such as tether, bit USD, etc. Would help make the exchange fiat friendly, without the fiat.

I totally agree with your criteria for choosing alt coins... volume.

I would also recommend sticking initially with the legacy alt coins, like ltc, ppc and the more vetted newer coins like doge, monero... Again all with good volume.

Keep up the outstanding work!

H.


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June 12, 2015, 09:34:47 PM
 #160

This is a fantastic project, I am surprised that you are creating this on your own dime, as this would of been worthy of an
IPO / crowdfunding / kickstarter campaign.

Please pm me for any assistance you may need, in terms of PR marketing, beta testing, etc. Be honored to help out pro bono. ☺

H.

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