Topic: The need for decentralised exchanges — has never been more important - page 2. (Read 1038 times)

Hi CIYAM, please add any available links to your de-projects here. We need increase the awareness and purpose of de-exchanges because sooner or later they could be the only backbone bridging digital currencies to ensure their survival. I'm sure we could also collectively share resources and knowledge to make this dream a reality.

the euro government are only going after FIAT exchanges.. its not a direct attack of bitcoin. but a FIAT compliance attack, that as a side affect touches bitcoin due to exchanges that also trade bitcoin.

the problem is that trying to make the fiat side of trading automated/fast/trusted, cannot be done that easily in a decentralised manner without losing the whole "day trading" advantage.

if you can put aside the day trading feature and just concentrate on the exchange broker feature, such as local bitcoins #bitcoin-otc. this can become more decentralized so that there isnt even a website/chatroom to gather brokers together. its possible but more cumbersome to find reputable brokers in seconds.

the community should concentrate more on making bitcoin more viable to not require "cashing out" back to fiat. that way the community wouldnt need to worry about handing over ID everytime they want to buy something, as they can do it via bitcoin direct.

im not so worried about exchanges such as coinbase and bitstamp becoming ID heavy, because they are very FIAT heavy so its logical to assume that they would require regulation. we may not like it, but when playing with their devil money we need to follow their rules.

my concern is things like bitpay needing peoples life story, which are subtly handling fiat in the background but it never touches the buyers hand.  or purse.io which is less subtle, as the fiat is in the giftcards.. but would still cause headaches for anyone just wanting to spend small amounts (similar to handling bank notes that laughably dont require ID to hold)

https://bitcointalksearch.org/topic/is-there-really-demand-for-a-decentralised-btc-to-ltc-exchange-1349944

It is possible to do this at least with LTC to BTC today (but not one person seems to have shown interest in it so I've ceased working on it for now).

My guess is that people are expecting a decentralised platform that currently isn't feasible (i.e. they expect "day-trading" suitable speed or that they somehow think this can work with fiat - which is not going to happen).

Maybe when LN is implemented it might be at least possible to do crypto-to-crypto trading fast (so there is perhaps some hope down the track for the concept).

"Another item the plan calls for is scrupulous consideration of all transactions between EU members and states known to be good spots for money-laundering."

 

people have been asking for a decentralized exchange since a few years back, and it still haven't showed up. as far as i know it's nxt that has the only successful p2p decentralized exchange. i am not really that technical, but i would like to know what the reason is for not having a decentralized bitcoin exchange today. is it because it's difficult to incorporate fiat into the system? or is there an other reason?

European Commission (EC) wants to strength its grip on anonymous payment systems such as Pre-Paid debt cards and digital currencies (Bitcoin / Ripple) this scheme would involve our (their) exchangs being forced to hand private user data OnDemand.

As you can see — the need for decentralised exchanges — has never been more important.

Of course they can't control users, but, the fact is the majority of liquidation within bit-ecosystem is from exchanges and if restrictions are placed on these services, then it would be as good as restricting the: purpose, reach, freedom, and strength offered by Bitcoin.

We were doing so good, going so straight, destroying so much, empowering so many, but somewhere along the line of success, we lost focus and indirectly started to make the use of centralised systems the norm when purchasing or selling bitcoins.

This needs to change. We need re-adjust the focus, and quickly. We know of some upcoming decentralised exchanges such OpenBazaar & bitsquare — if you know any existing & available de-exchanges please list them below — the purpose of bitcoin was not to re-introduce a new for of middle-men in the name of Coinbase or Xapo or in the form of BitLicense.


Soures: ec_virtual_currency_regulation_suggestion
Source: Schäuble calls register of bank accounts and Bitcoin control