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Distributed how? I don't think such a thing is possible, someone will have to deal with the banks.
by swinglock 13y ago
Distributed how? I don't think such a thing is possible, someone will have to deal with the banks.
- mikemoka 13y agoI edited the original post, what I was referring to was a P2P bitcoin exchange, impossible to DDoS, and possibly built upon the technology shown by the bitcoin project itself
- shredfvz 13y agoA solution exactly like what you've just described is in the works. Zyocoin is a P2P Bitcoin exchange utilizing multi-signature issued "debt", where debt can be BTC, USD, EUR, or bananas. Real contracts are created with verifiable blockchain-based timestamping. Debt is issued with colored coins. Ripple attempts to do something like this but I feel it must be done natively on the blockchain to see widespread acceptance. Python programmers wanted. Send a BitMessage to BM-oq7iLGGH7e7JJaqiTcUj1qGQYxeZVo65b; IM zyocoin@jabber.org or join #zyocoin on Freenode.
- eric_bullington 13y agoAre you using Entangled? I've looked at doing the same thing, also using colored coins. But it's going to take a lot of work + luck to go up against someone as well-monetized as Ripple. Plus, the technical issues are not even the biggest challenge, it's forming and managing a clearing house in a decentralized manner. I'm not sure it's possible. But someone has to physically conduct the exchange of dollars, euros, or bananas. Otherwise, you've just developed a p2p version of localcoins.
- deleted 13y ago[deleted]