Quote from: bitcoinsid on May 10, 2015, 03:13:58 AM

Quote from: proletariat on May 10, 2015, 03:07:49 AM

Quote from: industrialcoinmagic on May 10, 2015, 02:54:23 AM

Quote from: proletariat on May 10, 2015, 02:50:30 AM

Quote from: bitcoinsid on May 10, 2015, 02:03:12 AM

decentralised crave wallet exchange...

lets say both of us have our crave wallets open. on the top of wallet there is a buy/sell button. i want to sell some crave today so i send 20crave to the masternodes network and i leave a price and bank account number. you decide you would like to buy so you check the buy box and a list of current sellers will appear , number of coins(in this case ,my 20crave) and price then buy now button. you click buy now and the bank account number appears, when you do this my wallet (seller) is given an alert that a payment has been made, i click confirm after recieving the payment. the masternode releases funds to you.

the gd thing is the banks would never know what you purchased from me, it couldve been an item from gumtree.
also there could be less fees with this as currently there is two fees when buyin crave, fiat to btc,then btc to crave and on both occasions the xchange is the one who makes the bit of profit...
but with this idea the masternodes could take 10x less in fees and still be paid a tiny bit ;-)
this could also prevent the problem about whales and walls.

How would you make it trustless? like the masternode knowing that the fiat was received? I think you would still need a good amount of good faith.

You do it like localbitcoins where there is a secret number that only you know.

Never used localbitcoins. Anyone care to give me a a brief explanation of how it works?

localbitcoins...

on the top of localbitcoins there are buy/sell button and other options. i want to buy some btc today so i send 2btc to local bitcoin escrow and i leave a price and bank account number. you decide you would like to buy so you check the buy box and a list of current sellers will appear with ratings , number of coins(in this case ,my 2btc) and price then buy now button. you click buy now and the bank account number appears, when you do this the (seller) is given an alert that a payment has been made, i click confirm after recieving the payment. the localbitcoin escrow releases funds to you.

the gd thing is the banks would never know what you purchased from me, it couldve been an item from gumtree.

oh I see thanks. What about the secret number ICM mentioned?