Creating an exchange | Bitcointalksearch.org

laissez

newbie

Activity: 11

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Quote from: Elwar on May 30, 2013, 07:46:02 AM

Too much focus is going on moving money back and forth between new currency and old currency.

More focus needed on using the new currency.

Like a craigslist for people who want buy/sell their stuff or their services in bitcoin.

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

Elwar - I agree with you. I think after what happen to Liberty Reserve, it really proves even the biggest and most successful exchanges can go under. Maybe i'll try and focus on creating a service that sells/buys real life products for bitcoins.

Elwar

legendary

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Viva Ut Vivas

Too much focus is going on moving money back and forth between new currency and old currency.

More focus needed on using the new currency.

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

You gotta try if you can =)

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: franky1 on May 22, 2013, 09:14:24 AM

Quote from: high110 on May 22, 2013, 08:49:54 AM

What level of programing skills do you need to create an exchange? Is there open source code out there to get started?

you don't seem to know much about running a business..

you don't seem to know much about programming...

you don't seem to know much about regulations...

you don't seem to know much about costs..

do you really think that you are the right guy to be running a exchange? honestly??

+1

franky1

legendary

Activity: 4214

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Quote from: high110 on May 22, 2013, 08:49:54 AM

What level of programing skills do you need to create an exchange? Is there open source code out there to get started?

you don't seem to know much about running a business..

you don't seem to know much about programming...

you don't seem to know much about regulations...

you don't seem to know much about costs..

do you really think that you are the right guy to be running a exchange? honestly??

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

What level of programing skills do you need to create an exchange? Is there open source code out there to get started?

acoindr

legendary

Activity: 1050

Merit: 1002

Quote from: monsterer on May 21, 2013, 03:41:36 PM

These P2P exchange ideas are all well and good in theory, but the reality is they can never be fast enough to completely replace a centralised exchange.

Moving money between bitcoin addresses is a slow process if you need to be sure the money arrived; I waited about 3 hours to get 3 confirmations from a small transaction - this is not an acceptable amount of time to wait when performing a trade IMO.

Try Litecoin.

monsterer

legendary

Activity: 1008

Merit: 1002

These P2P exchange ideas are all well and good in theory, but the reality is they can never be fast enough to completely replace a centralised exchange.

Moving money between bitcoin addresses is a slow process if you need to be sure the money arrived; I waited about 3 hours to get 3 confirmations from a small transaction - this is not an acceptable amount of time to wait when performing a trade IMO.

Tywill

newbie

Activity: 14

Merit: 0

Quote from: usscfounder on May 20, 2013, 07:07:48 PM

How about a P2P exchange that cannot be shut down or seized? Take a look at what I am designing here (its just a design. I will leave it up to you to code):

https://bitcointalksearch.org/topic/ann-ussc-crypto-p2p-server-decentralized-p2p-exchange-application-209269

Good concept

JohnsonX

member

Activity: 120

Merit: 10

Quote from: usscfounder on May 20, 2013, 07:07:48 PM

How about a P2P exchange that cannot be shut down or seized? Take a look at what I am designing here (its just a design. I will leave it up to you to code):

https://bitcointalksearch.org/topic/ann-ussc-crypto-p2p-server-decentralized-p2p-exchange-application-209269

I like the idea

usscfounder

member

Activity: 84

Merit: 10

How about a P2P exchange that cannot be shut down or seized? Take a look at what I am designing here (its just a design. I will leave it up to you to code):

https://bitcointalksearch.org/topic/ann-ussc-crypto-p2p-server-decentralized-p2p-exchange-application-209269

doom309

full member

Activity: 170

Merit: 102

ideally, if bitcoin is all about smashing traditional business models and breaking new ground, then it should aim to eliminate the "broker" function altogether, so an ideal exchange would have some sort of direct market access (dma) option for the trader/investor, something which could enable them to place trades on the exchange direct from their wallets, and back again, long/short, buy/sell, etc, with bids and asks being matched electronically, but it would need to be super fast - so i dont know how the miner verification aspect of bitcoin transactions could accommodate this, im not a tech person

ldrgn

member

Activity: 118

Merit: 10

Quote from: high110 on May 20, 2013, 10:51:23 AM

I'm not sure if I agree with this approach as it has lead most countries into their current financial situation.

Wealthier and more efficient than they've ever been before?

Quote from: high110 on May 20, 2013, 10:51:23 AM

Does it really cost that much to maintain an exchange?

Yes

Quote from: high110 on May 20, 2013, 10:51:23 AM

I'm sure MT.Gox is making a butt load of money - why not reduce all the fees to gain mass market penetration.

Because people run businesses to make a profit.

Quote from: high110 on May 20, 2013, 10:51:23 AM

If I wanted to create such an exchange, what's the starting point?

Learn something about economics and business?

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

From my limited time testing out exchanges - aren't we really just turning BTC from a free transaction system into a payment transaction system? Ripple tries to solve this problem, but in a terrible way - they're using the current banking model of creating money from Debt. I'm not sure if I agree with this approach as it has lead most countries into their current financial situation.

Does anyone know how to create an exchange - that will allow almost the free movement of BTC and currency without huge transaction fees? Does it really cost that much to maintain an exchange? I'm sure MT.Gox is making a butt load of money - why not reduce all the fees to gain mass market penetration.

If I wanted to create such an exchange, what's the starting point?

Topic: Creating an exchange (Read 1184 times)