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It looks like bisq is basically a clone for localbitcoins. To do a trade, you still have to send USD back and forth via paypal, ACH, etc. It seems like you'd
by blhack 7y ago
It looks like bisq is basically a clone for localbitcoins. To do a trade, you still have to send USD back and forth via paypal, ACH, etc. It seems like you'd run into the same money changer law violations that have been used to nail LBC users in the past.
I do however agree with you that cryptocurrency is a genie that the government doesn't quite understand yet. I think that cryptocurrencies are going to do for finance what the internet did for the way people communicate with each other. The entire financial system is going to be replaced.
- seibelj 7y agoMajor difference is they do anonymous cross-chain swaps using multisig escrow. So you can change bitcoin into Monero (a fully anonymous coin) without any intermediary. This makes it extremely valuable if you operate in an economy that never converts to fiat, or does so as little as possible.
- andreygrehov 7y agoThis is interesting. Any recommendations as to what to read to dive deeper into this topic?
- seibelj 7y agoI have lots I can recommend, but what are you most interested in learning about? Do you have any prior understanding of blockchain protocols? For example, I can link to interesting papers and documentation on Bitcoin, Monero, etc.
- jslove 7y agoWhen did they add monero validation? Last time I used it all non btc transactions were using a human arbitrator.
- andreygrehov 7y agoYea, I generally understand how Bitcoin works. More interested in learning about anonymous cross-chain swaps using multisig escrow.