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If there is real money in bitcoins, then there should be a real engineering staff running a real, secure trading platform.
by nupark2 15y ago
If there is real money in bitcoins, then there should be a real engineering staff running a real, secure trading platform.
- spitfire 15y agoSounds like a market opening there. Who wants to start an exchange? A true exchange, so you wouldn't have to front a dime, except for the virtual server. IE: You're only matching orders and taking a cut, not putting any skin in the game.
- tlack 15y agoLet me know if you go through with this project. A very safe, legally codified, trustworthy middleman seems definitely necessary at this point. I don't have the requisite knowledge, and probably not the fiduciary responsibility, but I'd like to at least observe your progress. Email in profile.
- bxr 15y agoWho wants to start an exchange? I'd be down for that, it sounds like a fun project in an interesting domain and I was actually thinking about what building one would entail as I've been reading though the comments here.
- spitfire 15y agoBusiness processes. The code is dead simple. A few hundred lines of order matching. The real meat is handling all the business processes, clearing transfers, etc. and finding a legally safe location to put a business like that.
- bxr 15y agoWay to suck the fun out of it :) -- I know, I just think a bitcoin exchange is an interesting concept, the kind of thing I would enjoy knowing my code was running in and got a little caught up bikeshedding in my mind how I'd secure a target like that.
- spitfire 15y agoYou know what's really fun? Chilling on a beach somewhere while girls in grass skirts bring you drinks with umbrellas in them. For that I'll put my ego aside and do a few weeks of boring work. and yeah, I was fantasizing about neat-o technology problems too. I'd love to build an order matching system. Then I got to thinking about the market size, and taking a cut of each transaction.
- zokier 15y agoBitcoin wiki already lists several exchanges. What would a new one do to make a difference?
- spitfire 15y agoStability. People will pay for a known quantity. If you create a clear, well defined entity there very well may be an opening in the market for another bitcoin exchange. In fact, i'd say there absolutely is an opening and I presume the market will grow over time. Skim 0.75% off each side of the transaction and you're looking to be in good shape. Particularly as btc trading activity increases.
- steveplace 15y agoYou just wrote out the business model of over 500 forex brokerage firms.
- etcet 15y agoA non-profit and open-source exchange is necessary for the bitcoin economy.
- ianterrell 15y agoI see a kickstarter project!