Dark Exchange: a 100% decentralized p2p exchange

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: rpgreseller on May 06, 2013, 11:16:57 PM

Any interest in developing a decentralized marketplace, not an exchange. I.e. I can sell a fountain pen or keyboard on a P2P eBay system?
I developed for PlayerAuctions.com, and I want to create a decentralized marketplace. I.e. I'm a developer seeking link minders.

~~Why not just use Open Bazaar and have a decentralized storefront?~~

leathan

member

Activity: 111

Merit: 101

Not sure how this is going and have put 0 work into it but im curious? how is this going?

I thought superNET was the decentralized exchange?

rpgreseller

newbie

Activity: 21

Merit: 0

Any interest in developing a decentralized marketplace, not an exchange. I.e. I can sell a fountain pen or keyboard on a P2P eBay system?
I developed for PlayerAuctions.com, and I want to create a decentralized marketplace. I.e. I'm a developer seeking link minders.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: alberthendriks on April 10, 2013, 04:56:56 PM

Hi all,

Don't get too enthusiastic yet. I've done some research today on p2p exchanges. Indeed, the dark exchange is brilliant. I've read all pages today. They do run into some trouble though: how can you make sure the dollars for the btc are transfered. And how do you do that decentralized? My conclusion, which I'm discussing with user "ConceptPending", is that there are p2p bitcoin exchange projects that solve this. Yes, there are other projects that have the same goal as this topic. One of them is p2px. It doesn't have any code yet but the concept is right. The other one is bitcoinx. It has code, a website, and an hour ago I decided to join them (I'm going to spend 2 months of fulltime coding). So don't forget to explore your options before joining anything!

Users will loose nothing in setting this up other than five minutes of there time. As all actual BTC and fiat trading is done off the app. This app just matches orders and could do with some development. Although as shown by the (new) Ripple project unless the development can be monetised it's a lot less likely to happen.

Thanks for the heads-up I will check out p2px and bitcoinx but a dark/deepnet p2p exchange is the best option IMO especially as more alt-coins gain momentum.

alberthendriks

member

Activity: 86

Merit: 10

Hi all,

Don't get too enthusiastic yet. I've done some research today on p2p exchanges. Indeed, the dark exchange is brilliant. I've read all pages today. They do run into some trouble though: how can you make sure the dollars for the btc are transfered. And how do you do that decentralized? My conclusion, which I'm discussing with user "ConceptPending", is that there are p2p bitcoin exchange projects that solve this. Yes, there are other projects that have the same goal as this topic. One of them is p2px. It doesn't have any code yet but the concept is right. The other one is bitcoinx. It has code, a website, and an hour ago I decided to join them (I'm going to spend 2 months of fulltime coding). So don't forget to explore your options before joining anything!

papaminer

sr. member

Activity: 462

Merit: 250

Free World

This is very good....

ALL MINERS SHOULD ALL USE THIS...

LEAVE EXCHANGES!!!!!!!

carborundum

newbie

Activity: 57

Merit: 0

Quote from: xeverse on March 28, 2013, 06:49:06 PM

How realtime market datafeeds are managed?

I like this idea. Centralised exchanges are a weakness in Bitcoin. I'll get reading and maybe get involved

xeverse

full member

Activity: 124

Merit: 100

How realtime market datafeeds are managed?

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: ArsenShnurkov on January 17, 2013, 09:37:26 PM

I think the following factors lead to the failure of this p2p-exchange:
1) absence of raw internet version
2) weird development technology (should be c++/qt)
3) absence of internet site
4) no articles, video tutorials on yourtube
5) no promotion on blogs, news feeds, etc
6) absence of partner program (for established exchangers, who can accept wire transfers)
just compare it's marketing strategy with mtgox's one

Was this for real? I thought it was just an idea. LOL. A pitty, though.

ArsenShnurkov

legendary

Activity: 1386

Merit: 1000

I think the following factors lead to the failure of this p2p-exchange:
1) absence of raw internet version
2) weird development technology (should be c++/qt)
3) absence of internet site
4) no articles, video tutorials on yourtube
5) no promotion on blogs, news feeds, etc
6) absence of partner program (for established exchangers, who can accept wire transfers)
just compare it's marketing strategy with mtgox's one

K1773R

legendary

Activity: 1792

Merit: 1008

/dev/null

Quote from: matthewh3 on December 21, 2012, 03:11:56 PM

Quote from: matthewh3 on October 29, 2012, 05:30:03 PM

Is this project still being developed? I downloaded it and got it running and connected to two peers. Is that the whole user base?

I can connect to three peers now Grin

It's a shame the app won't connect to Tor and I2p at the same time. As a lot more people use Tor. Is it still being developed this project Huh

Does it make sense to still donate to the donation wallet address in the GitHub Wiki Huh

commits atleast 1 year old so no, mostly dead Sad

jtimon

legendary

Activity: 1372

Merit: 1002

Atomic trades could be possible using this software now with colored coins.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: matthewh3 on October 29, 2012, 05:30:03 PM

Is this project still being developed? I downloaded it and got it running and connected to two peers. Is that the whole user base?

I can connect to three peers now Grin

It's a shame the app won't connect to Tor and I2p at the same time. As a lot more people use Tor. Is it still being developed this project Huh

Does it make sense to still donate to the donation wallet address in the GitHub Wiki Huh

markm

legendary

Activity: 2940

Merit: 1090

"Exchanges" seem to have a somewhat biased view of trading, maybe, as looking at things like this thesis:

fiximulator.org/FIXimulator_Thesis.pdf

and looking at the whole "marketcetera" platform, and at the FIX protocol for equjities trading, and such sources, it reads a lot more like a vast world wide distributed network of traders, with to some extent a "buy side" where fund managers and such see things from their side, and a "sell side" where middlepeople such as stock exchanges try to find buy side folk looking to buy different things and match them up, partly presumably by means of the stuff some buyers are using as wealth to buy stuff with happens to be stuff that other folk are actually looking to buy.

Or something.

Certainly it is not "centralised", heck not only do some nations have more than one stock exchange but there are more and more nations that have at least one stock exchange.

Some of this stuff makes it seem like the so called stock exchanges are just gaggles / mobs of sell-side folk ganging up the better to out-do the smaller sell-side folk..

fiximulator.org/FIXimulator_Thesis.pdf

http://www.marketcetera.org/

http://www.fixprotocol.org/

-MarkM-

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: Elwar on February 10, 2012, 01:22:51 AM

Interesting thread about USDcoins earlier. Basically a crypto coin pegged to the dollar right?

You could probably back it by redeeming for 1USD per coin with the usd in a bank vault somewhere.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: jago25_98 on October 29, 2012, 06:18:49 PM

I never got this working...

Just a WoT running on Tor, I2P, freenet, or just some p2p network would be something...

http://wxi2mgugw4732xs7.onion:8081

Its a start at least; it needs users in order to learn what it does not have that would be nice to look into adding to it...

...It is massively configurable so just setting up all the transaction types or whatever that the users find they need is going to take some time and some users. It is GPL'd free open source so the time users put into working out how best it should be configured and so on won't be wasted as anyone else can run the same code if one or more sites using it vanish.

So please do come help figure out whether it is useful and how best to put it to use...

-MarkM-

jago25_98

hero member

Activity: 900

Merit: 1000

Crypto Geek

I never got this working...

Just a WoT running on Tor, I2P, freenet, or just some p2p network would be something...

matthewh3

legendary

Activity: 1372

Merit: 1003

Is this project still being developed? I downloaded it and got it running and connected to two peers. Is that the whole user base?

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: jtimon on October 26, 2011, 04:50:27 AM

Quote from: ShadowOfHarbringer on October 25, 2011, 11:11:19 AM

Quote from: jtimon on October 24, 2011, 11:44:45 AM

Quote from: EhVedadoOAnonimato on October 24, 2011, 02:57:13 AM

usdCoin miners? A different chain? Why? Just "taint" satoshis, no need to create another chain, that's much more complicated.

What's the problem with a new chain?
Another currency, another chain.
I don't think it's more complicated, the issuers can just use the beertoken code and change the name and backing of the currency.

It would be great to be able to trade ripple credits for bitcoins. But to make the trades atomic and decentralized you need:

1) Decentralized ripple (in progress).
2) commit scripts.

But how do you make sure that every coin is worth exactly 1 USD ?

Every usdCoin is backed by a usd. This is the same if usdCoins are implemented through tainted satoshis, right?

Quote from: ShadowOfHarbringer on October 25, 2011, 11:11:19 AM

To control the price, there would have to be an entity who controll the supply of the currency and the currency would essentially become centralized. There is no other way.

Who could be such issuer ?

A trust like the one sacarlson describes for beertokens.
An exchange (say mtgox) that wants to provide decentralized exchanges while still providing the service of "storing your dollars".
An association of businesses that doesn't want to rely on centralized exchanges.

I'm a little late to the party but a bump can't hurt with this interesting thread anyway.

Maybe there is an alternative to a new chain as starting it is a little risky (51%), at least it would have to be merge mined.

Following "marked" satoshis should be possible with some rules.

Also with namecoin it would be possible to create all kinds of bonds: https://bitcointalksearch.org/topic/idea-arbitrary-bonds-fiat-gold-options-shares-votes-via-cryptocurrency-66868

With fiat bonds / fiat coins the issuer could simply take (part of) the interest he get's from the fiat money.

Also there are proprietary redeemable codes (gox).

jtimon

legendary

Activity: 1372

Merit: 1002

Quote from: Elwar on February 10, 2012, 01:22:51 AM

Interesting thread about USDcoins earlier. Basically a crypto coin pegged to the dollar right?

Yes. Someone (say mtgox) backs them. The concept is basically the same as BeerTokens.

I talked about a chain where issuance of different crypto-currencies (or crypto IOUs if you prefer) by users is allowed.
It's probably outdated. And I have concerns about scalability and DoS attacks (spaming and such).

In this other thread, a chain is not needed, but still usd IOUs can be issued by users and traded for bitcoins atomically.

I'm thinking lately about combining both things so I should review both threads properly.

Topic: Dark Exchange: a 100% decentralized p2p exchange (Read 92268 times)