There is a big big demand to get an exchange in which assets are not steal able. Neither by the people running the exchange neither by hackers. The single point of failure hurt a lot of people. There is no exchange I am currently trusting. Mt. Gox, Poloniex, Mintpal and other have proven again and again there will also be a point of failure. In the end it doesn't matter if a Government, an admin or an Hacker creates this situation where assets are gone.
You are absolutely right in emphasizing the importance of a blockchain 2 app, you are also absolutely right that the devs should forget all meaningless features and focus on the blockcain 2 function and it would be great if you could get this message through to the DEVs. Personally I think a decentralized market place, like a next decentralized Ebay that uses vericoin would be significantly bigger than a decentralized exchange, plus as users would trade with vericoin in the decentralized market place the demand for vericoin and consequently the price would sky rocket. Having said that, obviously the decentralized exchange would be great as well. Basically, any applications would be great that can be labelled as a blockhain 2 application.
Step:
1.) Create a base the exchange could operate on. Possibly a unique Blockchain 2.0 ? I am not sure if a decentralized exchange could even operate on the current blockchain.
2.) Create the exchange. Just a simple test version integrated into the Vericoin Wallet to find problems.
3.) Make the exchange accessible over the browser. Create an Veri-exchange only Wallet
4.) Add Altcoins
That's the main issue, how to achieve step 1.
For example Bitcoin use the OP_RETURN output in the transaction so you could say the bitcoin blockchain supports smart contracts in that sense. It seems to me the VeriCoin raw transaction could have OP_RETURN output as well so it is possible to build blockchain 2 apps on the top of that. At least my understanding was that the bitcoin devs suggest to use the OP_RETURN output and build blockchain 2 features top on that, but I could be wrong. Other projects like Viacoin take a different route and uses existing infrastructure like Counterparty which make sense too. I am sure that will work for them. If I would be the dev I would take the Ethereum route so it would be a contract entity and that could create messages instead of the transaction or collection of the transaction is the contract. In this case I guess you would need a ledger for the contracts, but wouldn't have to mess with the blockchain.
Either way lots of development, but I am sure the talented VeriCoin devs can manage that. If they need help the community could put together a 60-80K fund to hire peoples.
There seems to be a bit of confusion between what a "market" and an "exchange" ( add to both the "decentralized" adjective and you have the "magic" wand), are.
If we are talking the former (market), there are plenty of examples of FAILED marketplaces already, both within the platform of coins and out of them. The idea of a crypto-based ebay, as opposed to Pay-Pal based Ebay, simply doesn't work. Decentralized, even less. Period. Forget it, file, destroy. Never think about it again.
If we are talking about an "exchange" where you can trade crypto for crypto and fiat for crypto and viceversa, we already have several quite established, one partial (Coinbase, only BTC for fiat and viceversa) and one full out (Cryptsy). Now, it seems to me when the adjective, the "magic wand") is added, we are referring to an
underground market and/or exchange... and that's just an absurd pipe dream with no viability whatsoever nor practical purpose.
Yes there was -and I understand there still is- Silkroad. And yes, it was/will be put down again and again. There's simply no future in it and, definitely, not for a coin which is bent in reaching mass mainstream adoption and operate within the laws.
So please lets leave the jerking off off the forums and concentrate efforts in what's plausible, doable, effective AND susceptible of actually being use, hopefully by a growing part of the general population. Distracting the devs with "magic wands" that will never be viable is simply counter productive.
And, once again worth repeating: There's no direct fiat integration without real world, costly LEGAL authorization. Nor there's need for it: Go to Cryptsy and you have it already made.
The price -only concern of posters here, really- will move not on absurd hype about future "magic wand" releases, but on seamless working of current ones and signs of progress toward mainstream adoption. That's job 1.
And VRC is doing an extremely POOR job of it, by the way... partly, I believe, because of those constant, never-ending distractions.
Go to merchants and offer the obvious strength of VRC: 20 million (roughly 80% of all coins) coins staking meaning thousands of not just potential but SURE customers when they can buy YOUR products and services with VRC. Just like the community is staking in amazingly huge numbers at the request of the devs, they would purchase those goods and services when prompted to do so and allowed to do so. One thousand, two thousand customers are, can be, the strongest customer support any medium/small business can have. A very desirable customer base for business of ANY size. The adoption WILL happen... if offered properly.
But no one is doing that. No one at all. It is, obviously, much easier to post here asking for "magic wands" on which to unload the bags.
Once again, nature of the beast... and reason why, mainstreamwise, crypto is at a stalemate. Just like VRC.
