Well, these centralized exchanges that you mention that work closely with governments aren't "bad" per se, but it's understandable to be disheartened if you are one who holds a higher regard for privacy and security. However, there are decentralized exchange platforms that are currently on the rise. These make up for the losses in privacy and security associated with centralized exchanges, but on the other end face difficulties in regards to trade volume, ease of use and functionality. Like everything, there are trade-offs. Nevertheless, they might be of interest to you; I suggest following projects such as OX Protocol, Airswap and OmiseGo.
Don't feel empty inside, you aren't alone in the crypto world.
Cheers!
Topic: How would a P2P exchange work? (Read 1118 times)
P2P exchanges allow the participants of the market to trade directly with each other without any trusted third party to process all trades.‘Regular’ cryptocurrency exchanges are companies, which serve as intermediaries between their customers and make a profit by collecting fees. Conversely, the interactions between counterparties on peer-to-peer exchanges are directed exclusively by pre-programmed software, with no requirement for human middlemen.
I know that the exchanges are the weakest link in the system. And after listening to that CBS interview today, where the guy talked about how they were closely working with governments to track transactions, I was kinda left with an empty feeling.
If its not true, will we be relying on sites like Mt. Gox forever? Or is there some other plan from the amazing brains that are behind bitcoin?
If its not true, will we be relying on sites like Mt. Gox forever? Or is there some other plan from the amazing brains that are behind bitcoin?
+1 Of course, have accounts at multiple exchanges in multiple jurisdictions and supports sites like http://ubitex.org/
Perhaps it will be thousands of bitcoin users meeting face to face and exchanging bitcoins for cash and goods, like I'm doing at WWDC in San Francisco.
http://forum.bitcoin.org/index.php?topic=12362.0
With a decentralized electronic currency we are all exchanges.
j
http://forum.bitcoin.org/index.php?topic=12362.0
With a decentralized electronic currency we are all exchanges.
j
i understand.
but i also understand that there are laws: and we subscribe to them - like it or not - by where we choose to live. we can work to change them. i do. but the reality of it is the reality of guns.
we can also move to another location, more in keeping with our beliefs. but there are risks in that, and loss.
i see no choice but to fight it - metaphorically. that is, not with violence, but with money and votes and demonstrations and conversation. never lose sight of who you are and what you believe, no matter who you are with.
i don't know what plans there are in "the amazing brains that are behind bitcoin". we would all profit more by learning of your plans.
Quote
And after listening to that CBS interview today, where the guy talked about how they were closely working with governments to track transactions, I was kinda left with an empty feeling.
but i also understand that there are laws: and we subscribe to them - like it or not - by where we choose to live. we can work to change them. i do. but the reality of it is the reality of guns.
we can also move to another location, more in keeping with our beliefs. but there are risks in that, and loss.
i see no choice but to fight it - metaphorically. that is, not with violence, but with money and votes and demonstrations and conversation. never lose sight of who you are and what you believe, no matter who you are with.
i don't know what plans there are in "the amazing brains that are behind bitcoin". we would all profit more by learning of your plans.
I know that the exchanges are the weakest link in the system. And after listening to that CBS interview today, where the guy talked about how they were closely working with governments to track transactions, I was kinda left with an empty feeling.
I was watching a Youtube video with Bruce Wagner I think it was, and he was talking about P2P exchanges opening up in the near future. (with apps and things)
Is this true?
And if so how would it work.
If its not true, will we be relying on sites like Mt. Gox forever? Or is there some other plan from the amazing brains that are behind bitcoin?
Thanks
Mike
I was watching a Youtube video with Bruce Wagner I think it was, and he was talking about P2P exchanges opening up in the near future. (with apps and things)
Is this true?
And if so how would it work.
If its not true, will we be relying on sites like Mt. Gox forever? Or is there some other plan from the amazing brains that are behind bitcoin?
Thanks
Mike
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