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cafucafucafu (OP)
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February 09, 2015, 01:17:15 PM |
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Will they need their own blockchain? Where do you send the fiat to? Who keeps the coins?
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AtheistAKASaneBrain
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February 09, 2015, 02:24:33 PM |
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Will they need their own blockchain? Where do you send the fiat to? Who keeps the coins?
I aint got no idea how decentralized exchanges work, so im also interested. I add to the question: How do you know you aren't buying from the feds? (honeypot). It kinda defeats the purpose. |
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redsn0w
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Activity: 1778
Merit: 1042
#Free market
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February 09, 2015, 02:27:12 PM |
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Will they need their own blockchain? Where do you send the fiat to? Who keeps the coins?
No, it is the same bitcoin blockchain. If you want more info this is the official thread of bitsquare : https://bitcointalk.org/index.php?topic=647457 |
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R2D221
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February 09, 2015, 03:00:20 PM |
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- both exchanging currencies with multisig support.
I want to exchange my pesos. How would I do that if pesos don't support multisig? |
An economy based on endless growth is unsustainable.
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redsn0w
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Activity: 1778
Merit: 1042
#Free market
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February 09, 2015, 03:01:17 PM |
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- both exchanging currencies with multisig support.
I want to exchange my pesos. How would I do that if pesos don't support multisig? If you use bitsquare you can exchange pesos for bitcoin , have you seen the video of how it works ? |
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R2D221
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February 09, 2015, 03:02:13 PM |
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- both exchanging currencies with multisig support.
I want to exchange my pesos. How would I do that if pesos don't support multisig? If you use bitsquare you can exchange pesos for bitcoin , have you seen the video of how it works ? Yes. I was talking about kodtycoon's link. |
An economy based on endless growth is unsustainable.
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redsn0w
Legendary
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Activity: 1778
Merit: 1042
#Free market
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February 09, 2015, 03:05:14 PM |
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- both exchanging currencies with multisig support.
I want to exchange my pesos. How would I do that if pesos don't support multisig? If you use bitsquare you can exchange pesos for bitcoin , have you seen the video of how it works ? Yes. I was talking about kodtycoon's link. Oh sorry, the "kodtycoon's method" uses greenAddress as webWallet (with multiSign + 2FA + istant confirm) and also NTE. However, as you told pesos doesn't support multisign  . |
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GermanGiant
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February 09, 2015, 03:06:32 PM
Last edit: February 09, 2015, 07:23:01 PM by GermanGiant |
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Will they need their own blockchain? Where do you send the fiat to? Who keeps the coins?
Decentralized exchanges rely on a Supreme Court type Human Panel for ultimate dispute resolution, which requires trust. Anything that is handling FIAT can not be as trustless as bitcoin network. p.s. I have checked both bitsquare.io & OpenBazaar. None of them can programmatically address the arbitrator dependency issue. |
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thejaytiesto
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Activity: 1358
Merit: 1014
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February 09, 2015, 03:23:08 PM |
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The only way to know if you are buying from soneone legitimate is... well there's no damn way, unless you require that both of you show your ID's which suck.
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R2D221
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February 09, 2015, 03:24:36 PM |
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The only way to know if you are buying from soneone legitimate is... well there's no damn way, unless you require that both of you show your ID's which suck.
Even then, IDs can be faked. |
An economy based on endless growth is unsustainable.
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Evolvo
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February 09, 2015, 06:52:34 PM |
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Decentralized exchanges reply on a Supreme Court type Human Panel for ultimate dispute resolution, which requires trust.
p.s. I have checked both bitsquare.io & OpenBazaar. None of them can programmatically address the arbitrator dependency issue.
Only BitShares resolves this issue and is counterparty-risk free when trading the following assets: bitcoins, US Dollars, Euros, Chinese Yuan, and solid gold https://bitshares.org/get-startedThe latest client software revision was released 3 days ago. this! |
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R2D221
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February 09, 2015, 07:22:19 PM |
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Decentralized exchanges reply on a Supreme Court type Human Panel for ultimate dispute resolution, which requires trust.
p.s. I have checked both bitsquare.io & OpenBazaar. None of them can programmatically address the arbitrator dependency issue.
Only BitShares resolves this issue and is counterparty-risk free when trading the following assets: bitcoins, US Dollars, Euros, Chinese Yuan, and solid gold https://bitshares.org/get-startedThe latest client software revision was released 3 days ago. What about Mexican Peso? |
An economy based on endless growth is unsustainable.
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GermanGiant
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February 09, 2015, 07:50:06 PM
Last edit: February 09, 2015, 08:15:19 PM by GermanGiant |
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Decentralized exchanges rely on a Supreme Court type Human Panel for ultimate dispute resolution, which requires trust.
p.s. I have checked both bitsquare.io & OpenBazaar. None of them can programmatically address the arbitrator dependency issue.
Only BitShares resolves this issue and is counterparty-risk free when trading the following assets: bitcoins, US Dollars, Euros, Chinese Yuan, and solid gold https://bitshares.org/get-startedThe latest client software revision was released 3 days ago. It seems it is relying on fixed value assets such as bitUSD. But, bitUSD is ultimately getting traded on centralized exchanges like ShapeShift. |
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juicyjuice87
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February 09, 2015, 10:49:36 PM |
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Bloody BitsharesX and their spamming
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cellard
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Activity: 1372
Merit: 1252
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February 09, 2015, 11:28:10 PM |
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The only way to know if you are buying from soneone legitimate is... well there's no damn way, unless you require that both of you show your ID's which suck.
Even then, IDs can be faked. Exactly, I just said this in the other thread. I see literally 0 solutions to this. We can't just magically beat law and order. |
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