Topic: Anonymous Decentralized Exchange (Read 3747 times)

Lol, dude. In anonymous exchanger you're pay for anonymity by your financial security. Also, there shouldn't be any "administration" in decantralized exchanger. If you talk about arbitres (who help to solve some controversy) you must to know that they anonimes to (in some cases not) . (read whitepaper about arbitration system in Bitsquare for example)

Will the administration also keep their info anonymous? if yes then I will not keep my money for longer because there is no guarantee that he will stay here. I have much bitcoin in one of my local exchange account and I have believe on that because he is not anonymous he have given us his info to us.

Not exactly. You can use some equivalent for dollars and euro on your exchanger and users will trade by usying it (they will buy it for real fiat) this system is very similar to different electronic money, like Paypal, webmoney and others.
Perfect money as an example don't have usa license, but that doesn't mean usa citizen can't use it (at one's own risk)

you can do everything...but once you try to trade fiat in usa you need the license

Decentralized exchange! Sounds a great idea! At least for bitcoin/altcoin. Fiat won't go anonymusly I think...

For one reason the anonymous exchanges won't run for long - Government.
Without a doubt scammers would try to launder money which would be taken  care of by the legal authorities someday and it will all come down to the exchange being blamed for carrying out trades involving money without agreeing to KYC terms and shit.

That is true, lately we have seen that cryptocurrencies with a focus on anonymity have gained great attention from users, and I think they could actually generate demand for it. Most people who really understand the importance of decentralization will also agree that fungibility matters. An exchange based on these principles is something that such users need.

Depending on your definition of popularity, this is true.
There definitely is a demand for it. I don't think nor do I expect it to become accepted in mainstream society. There probably won't be any mainstream press about it. But for those in ecosystems where financial privacy is a concern, it has the opportunity to become very popular.

As my favorite character said: "You're damn right!"     Joke. Bitcoin much easier to work than Decentralized exchanger. Much more easier) DEC will not be popular in future. Sad but true.

By that kind of logic, people would also not get into Bitcoin, since that also requires one to learn how the Bitcoin technology works. That's a really big generalization that you're making, even if decentralized exchanges remain somewhat of a niche, that doesn't mean that they can't be successful and have reasonable popularity.

it's never be more popular. Humanity is developed in another direction. Because of that things like Iphone becoming more popular. Most of people year by year more become similar to kids. They dont want to think and to work their brains. Decentralized exhangers will be very hard and uncomfortable for them.

To be fair, Poloniex and Bitfinex have been around much longer than Bitsquare.
I could really see Bitsquare taking off in the next couple of years, there are already quite a few buyers and sellers on there and I've persoanlly used it without any issues.

Commissions are currently a bit larger than at a centralized exchnage, but that's only because there is less competition, once it gets more popular, that will change.

Sorry, but it doesn't seems like decentralized exchanger. Now I will explain my opinion: if you hoste (by your servers) your service, that means you own this service. You can disconnect your servers whenever you want and service will break after that.  Poloniex have the same system (i have took him like an example)

Our original design is to have, like you said, bulletproof servers.
Most likely it'd be a hidden service.
It wasn't until we saw BitSquare's UX that we even considered having a client instead.
It's an option we are considering.

"Custom Counterparty tokens can be used for a wide range of purposes and act as their own cryptocurrency, while still running on the Bitcoin blockchain."
Since they use the Bitcoin Protocol, the ledger is public. This isn't as privacy-centric as we'd like it to be.
Also, they use a web-wallet.

Eth Delta doesn't handle cross chain transactions. EtherDelta is only Ethereum coins.
They have a different model, one that I'd like to see grow.


Concepts aren't hard, but understanding them can take time. My personal background is in Information Security and it is true that I have not been actively participating on this specific forum, but I have been in other forums. Some of which that have a community whom have openly expressed a need for this platform. I'm here now as a result of other communities wishes to get this off the ground. They have large wallets and are petrified of moving their funds around because of the risk of involvement from legal and criminal entities. This account is new to this community, but I am not new to the security industry or privacy movement. I appreciate your skepticism.  

To answer your question about a Business Plan, yes. We understand the cost for paying crypto professionals is pricey, but we are more than happy to pay our family their desired salaries. Everybody who works, gets compensated for it. We have plans to incorporate an API into multiple marketplaces, which will increase the amount of transactions of our network. We would be willing to speak to you more privately if you are interested in contributing your time or effort to this. Thank you.

ummm good luck wit dat.... how are you going to make money off of a decentralized exchange? it's a pretty difficult project. there are projects like https://etherex.org/ but they have very low liquidity.

I'm sure there are already a few of these DEXes. Like Counterparty DEX, Eth Delta, etc..

I think a really Anonymous Decentralized Exchange  is a concept too hard for a newbie.
Did you set any business plan? Paying 4/6 crypto professional could be be a strong expense...

This would really be the case if theres an anonymous decentralized exchanges since we are still in involving on fiat when we are building an exchange site so this means we should follow the rules regarding on fiat terms which you will really need it because you cant execute normally if funds/fiat are lacking. You will be facing such problems if you tend to build one.

I meant more of how do you plan to build out what tech's are you going to utilize to do this.
Well this be a client, or will this be a site that's hosted on bullet proof servers.

Things like that.

You have a few good questions.
I have used Bitsquare for awhile, and I can say their UI/UX experience is phenomenal. They also handle the connection to Tor before you're able to trade, another superb feature. But I did find some areas I wasn't personally happy about.

1. Limitation on exchange.
There is a cap on how much one can trade, and this present a problem for audiences who want to move around their assets. Max trade duration: 1 day / Max trade limit 3.00 BTC (only $2730 currently)

2. Centralized blockchain explorers
Though Tor connection is required, users aren't able to select their own source as to where they are gathering Bitcoin's Blockchain data. Same for other blockchains


Transparency is critical when starting a new business, and this is more true for an exchange. We will be providing all our code as open source, which will allow for anyone to verify that it's not even possible for anyone involved in this exchange to know who you are, or how you spend your money. I hope this sheds some light on your question. If it hasn't, please provide more details so we may explain more clearly.

+KidMarx