Topic: Is there really demand for a decentralised BTC to LTC exchange? (Read 899 times)

Don't doubt yourself. What you are developing is amazing. In answer to if it's worth promoting, Hell to the Yes.

If you could ask cryptsy to give me back my btc that would be great.

Thanks - and no worries (I have followed some of your topics before and trust that you are for real).

It is simply hard to work out whether or not what I've developed is worth promoting (and I don't have much help in the marketing department currently).

(agreed that I was a bit impatient complaining about two hours - I think I got a bit tired in trying to do political stuff which I've now stopped doing)

I sleep for at least 6 to 8 hours, so there wouldn't be a reply or post from me. I suspect half the world is in a different time zone from you also, among other reasons.

I am posting that this looks interesting. But I'm not signing a bitcoin message just yet. You have my word I do own or control at least 1 BTC. (errr, just look at my gaming website, that one has at least 5 in cold storage.)

Over two hours and not a single post (apart from my own).

As I suspected - there really isn't any interest at all in a decentralised exchange (using ACCT with CLTV at least).

(thankfully I've saved myself from wasted development time)

Some other points to note are:

- no fees for the usage of the system (beyond the tx fees that you'll need to pay on each blockchain)

- no private keys or secrets to be held in the online application (so no risk about losing anything to a 3rd party)

- method of transfer is ACCT using CLTV (https://bitcointalksearch.org/topic/acct-using-cltv-more-effective-than-a-sleeping-pill-1340621 for reference)

Firstly note that I will be deleting posts to do with "block size" (there are plenty of other topics where you can post about that) and any pointless posts.

If you are really interested in using a decentralised BTC to LTC exchange (let's assume just those two for now) then to register your interest you'll need to provide a Bitcoin signed message for an address that has at least 1 BTC or 1000 LTC (other posts that add nothing will be deleted).

I will be checking that said messages are valid (so any that aren't will also be deleted).

Relevant questions about said decentralised exchange are welcome but not silly ones (so don't post "Can it do XYZ coin also?" and just assume that the answer to that is no for now).

The reason I am trying to get a feel for whether or not there is any actual support for this (by people who actually have BTC and/or LTC) is to avoid wasting time on development if there isn't any real interest (I suspect that there is actually very little interest).

Some points to note about the likely way that this will be implemented (assuming there was enough interest):

- there will be a web application (hosted by ciyam.org) for finding and locking into trades (and doing much of the tricky stuff necessary for ACCT using CLTV)

- there will be a special wallet that you will need to install (most likely in a VM image for added security and simplicity of installation) that uses a web UI (via a locally run web server)

- trades would not be realistically able to be performed faster than one every two hours (due to the inaccuracy of time stamps in Bitcoin and its clones and due to the fact you'd want to have at least one confirmation before proceeding at each step)