Jordan, ppcman posted this on the Peercointalk chat. Care to comment on any of it?
"The only problem I have, is that it will feel like NXT's asset exchange with a 1 minute delay between trades. If you've ever bought/sold on NXT's Asset Exchange, it just feels wrong to wait so long between transactions. People need to start learning that a common chain with API is the way to go. Let NXT participate. Let Bitshares participate. Let NuShares participate. That's the only way a real decentralized exchange can work. Is if you invite every one to the party.
...even let centralized exchanges participate too. Like a Fidonet system from the BBS days. That's going way back, but there's wiki on it for younger people. To explain, fidonet was a network of messaging spread across the world from proprietary BBS software. It didn't matter what platform you ran, or what software you had. As long as it was compatible with Fidonet, you got the feed. That's what the decentalized exchange of the future will be. Some thing that invites every one to participate and doesn't hold any particular coin or share system special.
We need more collaberation between competing crypto solutions in order for any of this to work. You can't leave any one behind when it comes to decentralized exchanges. That doesn't mean share drops either. It means make it cross-platform compatible. Only then will get adoption and the traffic needed to make it work. In my opinion, watching the crypto scene evolve is like watching grass grow, or a pot of water warm enough to boil. really annoying. I know where we're headed, it is just frustrating waiting for every one to realize it. just my 0.02 cents (or my 0.1 PPC)"
Peer to peer consensus mechanisms simply can't
instantly create consensus with the level of certainly needed to safely and irreversibly transfer value. The time needed can be collapsed with shorter block times in the future (as network latency drops) or using trusted nodes. The extremely secure way in which funds are handled will make it worth the short wait for experienced traders who understand just how high the risk of default is with centralized exchanges.
I expect BlockShare holders will choose to support NXT and Bitshares, so B&C Exchange will be open in a way NXT and Bitshares are not, because those platforms only permit you to trade assets that are native to their blockchain. So if you want to trade Bitcoin for Bitshares, you can't do it using the Bitshares exchange. You would first need to acquire BitBTC, an asset on the Bitshare blockchain designed to track Bitcoin. With B&C Exchange, however, you will be able to trade Bitshares for Bitcoin directly without the use of proxy assets. B&C Exchange is truly cross-platform compatible.