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Topic: Am I asking too much? (Read 1988 times)

sr. member
Activity: 756
Merit: 253
June 15, 2017, 02:47:46 PM
#52
I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.
And I think those changes are well overdue, especially the changes to the block size and/or Segwit. Bitcoin seems to be going down a bad road and I think everybody is anticipating what’s going to happen.

I strongly agree with you, they better act quickly to be resolve these pending challenges facing Bitcoin because we've waited for far too long and the earlier a consensus is established the better for all of us.
sr. member
Activity: 560
Merit: 250
June 15, 2017, 10:48:43 AM
#51
All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?
I can say "YOU ARE NOT ASKING TOO MUCH!"
This is one of Satoshi's dreams when he created Bitcoin and brought it to the community, now many people still want that including me! But this is a difficult road, need more time and change people's minds. The government in the world's will make it difficult more, because they not want one currency or a valuable stuff can't tax and can't management by them. They want control the market make it within their control Smiley
newbie
Activity: 53
Merit: 0
June 15, 2017, 10:17:31 AM
#50
There are plenty of exchanges allowing you to keep your BTC as money withdraw-able through different methods, if I didn't understand wrong, that's the very purpose of exchanges particularly like Bitstamp and Coinbase/BTC-E.
You can keep it as fiat there only though and not gold/silver, to buy these you would need to move to a new interface without BTC like goldmoney, even if you can deposit BTC, you can't withdraw BTC.
sr. member
Activity: 484
Merit: 250
June 15, 2017, 09:44:44 AM
#49
All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

In my opinion, yeah, you are asking too much, a decentralized exchange? I don't think so, because this exchanges does exist because they are companies which do earn bitcoins on making a way where bitcoin users could exchange their coins or to trade their coins, and getting this decentralized would be impossible and no one would ever do that, because there is no reason to make one.

I do not think he's asking too much, but he's asking for something that can not happen, it's really impossible, however, he's not the only one, so many others in the forum. This is demanding a decentralized bitcoin while the developers always refuse it. I always support bitcoin core, but it is disappointing to me on the current situation.
newbie
Activity: 38
Merit: 0
June 15, 2017, 09:34:22 AM
#48
All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

sounds like bitsquare
hero member
Activity: 910
Merit: 502
June 15, 2017, 09:29:39 AM
#47
I wish someone would establish an exchange on international waters or on a private island and that exchange wouldn't require any verification or personal details. No government would be able to influence it and force it to share the identities or IPs of its users. If someone finds a way to make such an independent exchange he's going to make millions on it.
Yes I would be very interesting as no one will be able to text or ban it on me. But if you really want to liquidize your money then you should use hardware Bitcoin wallet. bitcoin is now going to its rising price and is being used in most of the societies. It is a payment system of every one of the world. Converting your Bitcoin to Gold will not be a wise decision because in using gold or fiat has more chances for loss and cutting. But in Bitcoin there is no worry about loss whenever you want you can use your Bitcoin as it was.
full member
Activity: 210
Merit: 100
June 15, 2017, 09:16:11 AM
#46
I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.
And I think those changes are well overdue, especially the changes to the block size and/or Segwit. Bitcoin seems to be going down a bad road and I think everybody is anticipating what’s going to happen.
hero member
Activity: 980
Merit: 523
June 15, 2017, 07:47:53 AM
#45
I know yobit let's you exchange is for bitcoins and you don't have to have the usd until you withdraw so it's what you want. You sit with the isd reflected in your account . So simply go from is to Bitcoin or vice versa and only actually draw the fiat if you withdraw off the exchange. I don't know why you would want to exchange to gold though.
Yes, while using the decentralized bitcoin and other alts you still need the conversion to the fiat to enjoy your profit in the real sense so it mean that both the centralized and the decentralized financial systems are dependent on each other and they have a real role to play so lets it not make the issue and enjoy what we get the best from both of these systems.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 12, 2017, 04:24:23 PM
#44
A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry

While it doesn't bother governments they will allow it, like a small service involving a small number of people. Like Bitcoin now, many governments allow people to use it without regulamentations because there aren't many people using Bitcoins, it's not a problem for them, but when a considerable percentage of population adopts it, the "slavery" will start happening.  Cheesy

It doesn't matter how small the service is.
Once you involve international fiat transfers via banks you will get flagged in a matter of days.

You can't escape regulation using banks.
As the user you quoted said. It's a pipe dream and it will never happen.

And I see no reason for it anyway.
Just stick to using bitcoins.


hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
June 12, 2017, 11:17:59 AM
#43
A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry

While it doesn't bother governments they will allow it, like a small service involving a small number of people. Like Bitcoin now, many governments allow people to use it without regulamentations because there aren't many people using Bitcoins, it's not a problem for them, but when a considerable percentage of population adopts it, the "slavery" will start happening.  Cheesy
hero member
Activity: 854
Merit: 500
June 12, 2017, 11:12:18 AM
#42
All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.
legendary
Activity: 1904
Merit: 1074
June 12, 2017, 11:00:56 AM
#41
A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry
legendary
Activity: 2030
Merit: 1028
June 12, 2017, 10:59:14 AM
#40
If they can be turn into physical asset, I think goverment will not just stay still instead they will make advance regulation for bitcoin which I'm consider that you must pay some tax for owning that. It's really different compare gold that found on nature and bitcoin found on data through cryptography
sr. member
Activity: 504
Merit: 259
June 12, 2017, 10:54:19 AM
#39
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
June 12, 2017, 10:36:09 AM
#38
I wish someone would establish an exchange on international waters or on a private island and that exchange wouldn't require any verification or personal details. No government would be able to influence it and force it to share the identities or IPs of its users. If someone finds a way to make such an independent exchange he's going to make millions on it.

This makes no sense, absolutely

If someone establishes an exchange in the international waters or on a private island, it can be easily hijacked by terrorists or their likes (or some rogue government agencies). Apart from that, top exchanges need the fastest Internet available today to remain competitive. I don't really know how you are going to achieve that on an isolated island. Further, such exchanges as Bitfinex are already mostly virtual, i.e. they exist entirely in cyberspace. Indeed, they have some physical presence since they still need processing capacity, read they need servers and other equipment as well as staff, but this is by far a better approach
But I think they still can be forced to give up personal data of their customers.
If they register in a certain country they have to obey its laws and can be pressured by the government to shut down. I hope there are still countries that value people's privacy and wouldn't do it, maybe those countries will become a safe haven for Bitcoin exchanges

Registration doesn't mean a thing today

I've recently read about some online bank which is registered in 3 (!) entirely different countries under different names and titles. Further, many companies (and exchanges fit into this category quite well) are registered in offshore territories like Belize, Andorra, Marshall Islands and similar jurisdictions (most certainly for tax purposes). Obviously, they are in no way tied to these areas, and if their registration is annulled (for whatever reason), they may easily register elsewhere
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 12, 2017, 10:24:02 AM
#37
All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

How could you transfer your money to other person , when I say money I mean fiat and not relying on a 3rd party?
Be it a bank , wu or a pigeon?

A decentralized exchange means it's you and the other guy.
But you have to pay him the $ and he has to receive them.

How will that work if you're not face to face with him?

You might check https://bitsquare.io/ but they are far away from what you want

full member
Activity: 165
Merit: 100
June 12, 2017, 09:15:25 AM
#36
If you ask too much then i will search tau, what bolt you ask too much ??
hero member
Activity: 490
Merit: 501
June 12, 2017, 09:10:59 AM
#35
I think I have read somewhere here in this forum of a coming ICO from a decentralized exchange with features which you are talking about here. Please search for CoinDash.io. I know that the name can be familiar because of Dash coin but this one is different. This is an exchange platform.

Right now, there are now so many nice ideas revolving the use of the cryptocurrency technology so much so that I can see a trend towards the use of niche marketing as strategy to gain traction in the market.
full member
Activity: 210
Merit: 100
June 12, 2017, 09:06:17 AM
#34
I know what you want because I had exactly the same problem only took inquiries and research to solve.

USDT(Tether) is a good alternative. Being using it for weeks now as a safeguard to crazy Cryptocurrency fluctuations. Am not sure whether it is regulated or immune to exchange crash
Actually USDT is in hot waters at the moment and speculated that it may crash. I’d be careful investing into it if I were you.
hero member
Activity: 2184
Merit: 531
June 11, 2017, 02:17:21 PM
#33
I wish someone would establish an exchange on international waters or on a private island and that exchange wouldn't require any verification or personal details. No government would be able to influence it and force it to share the identities or IPs of its users. If someone finds a way to make such an independent exchange he's going to make millions on it.

This makes no sense, absolutely

If someone establishes an exchange in the international waters or on a private island, it can be easily hijacked by terrorists or their likes (or some rogue government agencies). Apart from that, top exchanges need the fastest Internet available today to remain competitive. I don't really know how you are going to achieve that on an isolated island. Further, such exchanges as Bitfinex are already mostly virtual, i.e. they exist entirely in cyberspace. Indeed, they have some physical presence since they still need processing capacity, read they need servers and other equipment as well as staff, but this is by far a better approach
But I think they still can be forced to give up personal data of their customers.
If they register in a certain country they have to obey its laws and can be pressured by the government to shut down. I hope there are still countries that value people's privacy and wouldn't do it, maybe those countries will become a safe haven for Bitcoin exchanges.

The problem is i think it is impossible to make these sort of free exchanges as it could break all the trade regulations and even if a crime is reported there is nothing you can do and with it if you are not following the basics,even i like to have my privacy but i do not mind providing my verification details as long as my privacy is maintained.
The main issue is you never know if if it will be maintained.
I am ok with verifying myself for security reasons, but I'm not ok with sharing these with government agencies.
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