thanks for your response. I really think that such an overview is crucial to the public perception of our project. I know that Jordan has put an incredible amount of work into that whitepaper, but something more compact/straight to the point is what most people are looking for. Also, such an overview will cause fruitful discussions and involve the smart minds of our community in a more effective way.
As long as we are honest and certain with what we present, it can only beneficial for us to have a very nice illustration of why we have/support the best decentralized solution for an exchange (and I hope we really are as I am one of those who cannot judge that)
re 2. Coinffeine seems to rely on a centralized order book. I don’t have details about how orders get placed and filled. Coinffeine seems to be P2P trading and claims to be able to handle fiat money.
thanks for your response. I really think that such an overview is crucial to the public perception of our project. I know that Jordan has put an incredible amount of work into that whitepaper, but something more compact/straight to the point is what most people are looking for. Also, such an overview will cause fruitful discussions and involve the smart minds of our community in a more effective way.
As long as we are honest and certain with what we present, it can only beneficial for us to have a very nice illustration of why we have/support the best decentralized solution for an exchange (and I hope we really are as I am one of those who cannot judge that) smile
The Blocknet’s DX will be going into testing phase shortly. Haven’t read through it but just looked some sources for anyone here interested in reading what they are planning.
Want to exchange a national currency such as dollars, euros, or yen for bitcoin.
Want to exchange a wide range of alternative crypto currencies for bitcoin.
Do not want to trust any exchange for holding your funds.
Do not want to forfeit control or privacy to a central authority in order to trade with other individuals.
Regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.
Bitsquare is designed to be:
Decentralized – there is no single point of failure.
Safe – Bitsquare never holds your funds.
Instantly accessible – no need for approval from a central authority.
Private -no one except trading partners exchange personally identifying data.
Open – every aspect of the project is transparent.
Easy – we take usability seriously.
Hi guys,
Manfed here, the founder of Bitsquare.
If you have any questions feel free to ask.
I think the basics about Bitsquare are well explained on the webpage. What is not so good communicated there is that we support beside BTC-Fiat also BTC-Altcoins. NuShares and NuBits have been added from day 1.
Bitsquare is completely decentralized (I know that term is abused a lot) and privacy protecting (custom P2P network use Tor hidden services).
Its already live on mainnet with a bunch of offers.
Check it out at:
I think specailly NuBits is a very interesting trade asset due its low spread. It can serve as cheap CoinJoin alternative (BTC-NuBits-BTC) or as USD IOU for Fiat.
I did not had time yet to dive deeper into B&C Exchange but its on my watch list. Looks promising what I have seen so far.
I hope that those really decentralized projects (BitMarkets, OpenBazaar, MercuryEX, B&C Exchange, Bitsquare) are working together in a spirit of cooperation instead of competition. There is much space beside the mass of VC funded centralized startups. Lets show them that Crypto currencies deserve a better inrastructure.
Just a comment to Coinffeine: It is dead (no download, no reactions on mailinglist, no info) and was never decentralized (used servers, Fiat is handled by OKPay which knows who is trading with whom as the micropayment channel is a unique fingerprint for a Coinffeine trade) - big PR bubblegum…
Did somebody investigate how bitquare works?
I haven’t found much information regarding API, which would be necessary to have bitquare integrated in NuBot…
Have been playing with it. Like the interaction with the wallet. Transactions are prepared in the wallet gui when you request funding. It is reasonably intuitive assuming some crypto knowledge.
The integration with fiat funding and seamless integration with TOR out of the box is the most remarkable part imo. Still trying to understand how the fiat actually works especially in relation to the security. It appears to me like local Bitcoin markets.
The transaction cost (ex miner fees and security deposit of 0.01 BTC) appear to be 0.0005 BTC (about 0.22 US$) for an 1 NBT transaction (BTC/NBT).
It was the first thing I looked for, the lack of an API makes it more complicated to provide liquidity for on a regular bases. But it is good and interesting enough to have a play with it. I played with v0.4.6.
