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Just finished watching their video and got nothing other than "Read our white paper if you're interested", plus bunch of buzzwords. Why make the video at all?

Just finished watching their video and got nothing other than "Read our white paper if you're interested", plus bunch of buzzwords. Why make the video at all? If I were them I would scrap all the bullshit and just spend the two minutes in the video explaining the basics of WHY and HOW it works. People visiting that site already know what a "decentralized bitcoin exchange" is.

xiphias 9y ago
It helps a lot to understand what it does exactly and how, and we can see the development status (usable, but needs lots of cleanup) before installing the app.
quickthrower 9y ago
From the readme I'm getting that you find someone to buy Bitcoins from. Agree with them a method of payment. Buy coins. For added protection appoint an arbitration person and set up escrow using multi sigs. A bit like gumtree for Bitcoin?
bkolobara 9y ago
I felt the same way. There are so many open questions after watching the video. How do I get my Euros to someone selling me bitcoin? Is there a central bank account everyone deposits the money? Some cryptocurrencies like Stellar have a built-in decentralised exchange[1]. They solve the problem of getting fiat into the system through anchors[2]. I wonder if there is a better way. [1] https://www.stellar.org/developers/guides/concepts/exchange.html https://www.stellar.org/developers/guides/concepts/exchange.... [2] https://www.stellar.org/developers/guides/concepts/assets.html#anchors-issuing-assets https://www.stellar.org/developers/guides/concepts/assets.ht...
- meapistol 9y ago
  You send fiat money to the trading peer using e. g. SEPA, OKPay, national bank transfer, ClearXchange and some other methods. There is no central bank account and Bisq does not control any money and can thus not steal any money.
amingilani 9y ago
Their Github README is more descriptive By running Bisq on their local machines, users form a peer-to-peer network. Offers to buy and sell bitcoin are broadcast to that network, and through the process of offering and accepting these trades via the Bisq UI, a market is established. There are no central points of control or failure in the Bisq network. There are no trusted third parties. When two parties agree to trade national currency for bitcoin, the bitcoin to be bought or sold is held in escrow using multisignature transaction capabilities native to the bitcoin protocol. Because the national currency portion of any trade must be transferred via traditional means such as a wire transfer, Bisq incorporates first-class support for human arbitration to resolve any errors or disputes.
- nothrabannosir 9y ago
  Asterisks around the block, no spaces indent. The latter is for mono space which is illegible on mobile.
  - dragonwriter 9y ago
    > The latter is for mono space which is illegible on mobile. Well, it's more the “explicit line breaks only” part of code formatting, rather than the monospacing, which makes it unreadable on mobile.
    - Brianna44 9y ago
      l juSт gот pålD $6784 шояκlng оff my låpтоp тнlS mоnтн. ånD lf yоu тнlnκ тнåт'S cооl, my DlvояcêD fяlênD нåS тшln тоDDlêяS ånD måDê оvêя $9κ нêя flяSт mоnтн. lт fêêlS Sо gооD måκlng Sо mucн mоnêy шнên отнêя pêоplê нåvê то шояκ fоя Sо mucн lêSS. тнlS lS шнåт l Dо,==http://bit.do/dnRs5 http://bit.do/dnRs5
    - Aaliyah- 9y ago
      My mothers neighbour is working part time and averaging $9000 a month. I'm a single mum and just got my first paycheck for $6546! I still can't believe it. I tried it out cause I got really desperate and now I couldn't be happier. Heres what I do, •••••••••>> http://www.joinmate2.com http://www.joinmate2.com
echan00 9y ago
While I know nothing about this project or the creators, I find your comment very ignorant. If you don't like it, go do something else of your own. At least the creators spent time and effort doing something they find valuable. That's 100x better than your comment.
- softawre 9y ago
  OP is providing feedback on the project just like you are providing feedback on OP's comment.
- EpicEng 9y ago
  I'm not sure I understand your position. "ignorance" and criticism are two different things. I'm assuming you missed the word here. Secondly, do you feel there's no room for criticism just because something is provided for free? To me, the grandparents criticism is valid. Maybe it doesn't tell the whole story, I don't know, but it's a concern that deserves an answer. Any reasonable maintainer would welcome valif criticism; this is the process we use to make improvements. This is how software works in general (build something, show consumers, gather feedback, iterate) and literally how all of science works (peer review.) Again, I don't understand your comment at all. I find your last sentence ironic in that your comment provides exactly zero value to a reader of this thread.
  - echan00 9y ago
    Fair enough, not worth more discussion.
stephengillie 9y ago
Wasn't Bitcoin supposed to be decentralized in the first place? What's a "decentralized" decentralized currency, anyway?
- omarchowdhury 9y ago
  Exchanges aren't decentralized.
- OJFord 9y ago
  You've deliberately omitted the crucial word: exchange. Bitcoin is decentralised, but one can choose to trade it for dollars, et al., at e.g. Bitstamp.

xiphias 9y ago

It helps a lot to understand what it does exactly and how, and we can see the development status (usable, but needs lots of cleanup) before installing the app.

quickthrower 9y ago

From the readme I'm getting that you find someone to buy Bitcoins from. Agree with them a method of payment. Buy coins. For added protection appoint an arbitration person and set up escrow using multi sigs. A bit like gumtree for Bitcoin?

bkolobara 9y ago

I felt the same way. There are so many open questions after watching the video. How do I get my Euros to someone selling me bitcoin? Is there a central bank account everyone deposits the money? Some cryptocurrencies like Stellar have a built-in decentralised exchange[1]. They solve the problem of getting fiat into the system through anchors[2]. I wonder if there is a better way. [1] https://www.stellar.org/developers/guides/concepts/exchange.html https://www.stellar.org/developers/guides/concepts/exchange.... [2] https://www.stellar.org/developers/guides/concepts/assets.html#anchors-issuing-assets https://www.stellar.org/developers/guides/concepts/assets.ht...

meapistol 9y ago
You send fiat money to the trading peer using e. g. SEPA, OKPay, national bank transfer, ClearXchange and some other methods. There is no central bank account and Bisq does not control any money and can thus not steal any money.

amingilani 9y ago

Their Github README is more descriptive By running Bisq on their local machines, users form a peer-to-peer network. Offers to buy and sell bitcoin are broadcast to that network, and through the process of offering and accepting these trades via the Bisq UI, a market is established. There are no central points of control or failure in the Bisq network. There are no trusted third parties. When two parties agree to trade national currency for bitcoin, the bitcoin to be bought or sold is held in escrow using multisignature transaction capabilities native to the bitcoin protocol. Because the national currency portion of any trade must be transferred via traditional means such as a wire transfer, Bisq incorporates first-class support for human arbitration to resolve any errors or disputes.

nothrabannosir 9y ago
Asterisks around the block, no spaces indent. The latter is for mono space which is illegible on mobile.
- dragonwriter 9y ago
  > The latter is for mono space which is illegible on mobile. Well, it's more the “explicit line breaks only” part of code formatting, rather than the monospacing, which makes it unreadable on mobile.
  - Brianna44 9y ago
    l juSт gот pålD $6784 шояκlng оff my låpтоp тнlS mоnтн. ånD lf yоu тнlnκ тнåт'S cооl, my DlvояcêD fяlênD нåS тшln тоDDlêяS ånD måDê оvêя $9κ нêя flяSт mоnтн. lт fêêlS Sо gооD måκlng Sо mucн mоnêy шнên отнêя pêоplê нåvê то шояκ fоя Sо mucн lêSS. тнlS lS шнåт l Dо,==http://bit.do/dnRs5 http://bit.do/dnRs5
  - Aaliyah- 9y ago
    My mothers neighbour is working part time and averaging $9000 a month. I'm a single mum and just got my first paycheck for $6546! I still can't believe it. I tried it out cause I got really desperate and now I couldn't be happier. Heres what I do, •••••••••>> http://www.joinmate2.com http://www.joinmate2.com

echan00 9y ago

While I know nothing about this project or the creators, I find your comment very ignorant. If you don't like it, go do something else of your own. At least the creators spent time and effort doing something they find valuable. That's 100x better than your comment.

softawre 9y ago
OP is providing feedback on the project just like you are providing feedback on OP's comment.
EpicEng 9y ago
I'm not sure I understand your position. "ignorance" and criticism are two different things. I'm assuming you missed the word here. Secondly, do you feel there's no room for criticism just because something is provided for free? To me, the grandparents criticism is valid. Maybe it doesn't tell the whole story, I don't know, but it's a concern that deserves an answer. Any reasonable maintainer would welcome valif criticism; this is the process we use to make improvements. This is how software works in general (build something, show consumers, gather feedback, iterate) and literally how all of science works (peer review.) Again, I don't understand your comment at all. I find your last sentence ironic in that your comment provides exactly zero value to a reader of this thread.
- echan00 9y ago
  Fair enough, not worth more discussion.

stephengillie 9y ago

Wasn't Bitcoin supposed to be decentralized in the first place? What's a "decentralized" decentralized currency, anyway?

omarchowdhury 9y ago
Exchanges aren't decentralized.
OJFord 9y ago
You've deliberately omitted the crucial word: exchange. Bitcoin is decentralised, but one can choose to trade it for dollars, et al., at e.g. Bitstamp.