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What happens when someone builds an autonomous Bitcoin exchange on Ethereum?
by erikpukinskis 9y ago
What happens when someone builds an autonomous Bitcoin exchange on Ethereum?
- jeremyt 9y agoDecentralized exchanges are already in the works.
- explodingcamera 9y agoThere are plenty of already working one
- gruez 9y agotoo bad they're more decentralized marketplaces than decentralized exchanges.
- jstanley 9y agohttps://bisq.io/ https://bisq.io/ is a decentralised exchange.
- gruez 9y agosorry i didn't clarify in my first post but by "exchange", i mean a place where there is 1 orderbook that every participant uses and transactions are done automatically, rather than some ad-hoc system where participants transact between each other. exchanges: gdax, bitstamp, nyse marketplaces: localbitcoins, bitcointalk, otc markets bitsquare is closer to localbitcoins than bitstamp.
- StavrosK 9y agoHow are you going to do transactions automatically when you can't send your money to one place? Whose bank account will your USD end up in so you can get some balance in this system?
- steveeq1 9y agoEtherdelta already works: https://etherdelta.github.io/ https://etherdelta.github.io/
- honestlyreally 9y agoWhich sadly doesn't get enough love. It's going to take Gox 2.0 before people realise its true value.
- StavrosK 9y agoIt's really slow to load for me, but can you buy BTC with USD from it, for example? Otherwise it's not really solving the hard part of the problem...
- free2rhyme214 9y agoEven better, the 0x protocol.
- pmorici 9y agoIt still has to interact with the banking system at some point unless all your pairs are only cryptos.
- maxerickson 9y agoI though we all agreed to call them cybers?