Topic: [ ANN ] p2pexchange - Trade Securities, Bonds, Currencies, Decentralized. FOSS (Read 1676 times)

EDIT: This post was done by a hacker that took control over my account. I had not changed my password on bitcointalk and I had an easy one. I have no regained control over the account. Ignore this post.

RealSolid with a new account, adventuring new branches?! 
And spamming in other threads to get the new account higher level as quick as possible

lol your exchange looks like it was shit out by a 6 year old and is pretty much worthless except to your ego.. Go take more selfies on horse back... at least this person is trying to contribute.. how have you actually made bitcoin better?  and please don't say THE BTC EXCHANGE.

Wait, aren't you the mcxnow pusher spamming anime gifs, corralling sockpuppets and presuming that your having seen "beta" means a business is legitimate?

Why yes, you are.

While your presentation attempt here is admittedly better than the last "are you excited?" nonsense, you're still skipping over important stuff. "3 man project" is meaningless no matter how much you embolden it. Get in the WoT, establish that you're something other than a shill, etc.

And more importantly, read. If you had, you'd've noticed that the "p2p exchange" notion is unfortunately another rendition of non-investing centered on scams and stupidity by design.

Anyone can create their own asset and reserve a ticker name? Are you at all aware of how much BTC has been squandered, how many people have gotten themselves fucked over with this sort of bs propped up as though it were "doing securities exchanges"?

Tinkering with projects is fine and great, adding to the morass of junk is pretty shitty though.

EDIT: This post was done by a hacker that took control over my account. I had not changed my password on bitcointalk and I had an easy one. I have no regained control over the account. Ignore this post.








I'm happy to announce that p2pexchange will have a beta release in the coming days. p2pexchange is a 3 man project to create a decentralized message-passing network used for tracking assets with an integrated Bitcoin trading engine. p2pexd, the C++ daemon is designed for expert users and those looking to create friendly front ends for the decentralized exchange.

• Decentralized network. Nodes submit very light messages which are stored by all nodes
• No central authority to take down
• Uses DHT for peer finding
• Trade ANY asset by an issuer - securities, bonds, loans, even fiat in an decentralized manner
• Anyone can create their own asset and reserve a ticker name
• Trades require depositing to the respective issuer's escrow address. The escrow address is automatically generated by p2pexd when you create a new asset. Issuers should keep their daemon running 24x7.
• Shares tied to Bitcoin addresses, provable by message signing
• Open Source - to be licensed under LGPL

Q AND A

1. How does it work exactly?

Shares are tied to Bitcoin addresses. When you create a security, you reserve the ticker (via a special transaction in the Bitcoin blockchain, earliest transaction gets that ticker), create an escrow address and an issuing address which originally contains all your shares. Transferring of shares is done via a special transaction script and is embedded in the Bitcoin blockchain - we use hashpower to prevent double spending (for shares). It is NOT colored coins - coins do not represent assets, we simply use Bitcoin transactions to carry it.

2. How does the orderbook work?

When you want to trade on the order book, you need to send coins to an escrow address defined when the asset was created. This is so there is no fake orders on the orderbook. All trade pairs must involve BTC (arbitrary asset pairs may be included in a later version).

3. How can I trade fiat?

An issuer (for example, an exchange) can create an asset such as "MyExchangeUSD", "MyExchangeEUR", with their own redemption policies. You will need to trust the issuer to honor redemption.

4. Can I pay dividends?

Yes. p2pexd also supports scheduled dividends (you must keep p2pexd running as an issuer through) to make loans easier. All dividends are paid straight to the asset owner's addresses, if they will receive more than 10,000 satoshi. (If not, the software simply keeps track and will send the next time they have more than 10,000 satoshi).

5. Are there any fees?

You must pay Bitcoin transaction fees (0.0001 to 0.0005 BTC) per action, such as orderbook entry, orderbook cancellation, new asset, pay dividends, etc. There are also some fees required by p2pexchange. These fees are paid to the development team, acting as a bounty but also as a security fee to prevent network spam. Fees can be centrally adjusted DOWN (never up) with a signed message from the address 1p2pa3oVhWAeT9q66hxWZGA6iv2cTUZu2

Current fees (they may be adjusted down centrally):

New Asset / Reserve Ticker: 10 BTC
Post Asset News (up to 140 ASCII characters): 0.01 BTC
Orderbook insert fee: 0.0005 BTC
Dividend payment fee: 0.0005 BTC

6. Do I need to run bitcoind?

Yes, if you would like to use p2pexd you will need to run a full node with RPC access. You will also need to patch it so it recognizes and provides p2pexd with certain scriptSigs.

7. Will there be a friendly user interface?

For p2pexd, no. We hope that developers build friendly user interfaces of p2pexd, such as web user interfaces, providing support, etc.''

GITHUB

Pending beta release

BITCOIND PATCHES

Note: This is not a hard fork, this does not affect the network, just provides additional RPC commands that p2pex uses

Pending beta release