Quote from: whored on April 21, 2016, 11:47:18 PM

Quote from: Andre# on April 21, 2016, 11:22:51 PM

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Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

Quote from: Andre# on April 21, 2016, 08:23:25 PM

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I not only checked the context, I'm trading on Bitsquare now (two bids, two asks, one trade ongoing). It works like a charm, I'm impressed how mature the software is. No failing in sight, yet.

I must have misunderstood Sad

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If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

I mistakenly assumed that this thing resembled an actual exchange, the fancy kind. The sort that *gasp* provides newfangled features like consolidating the sells (not making me work out the logistics with 7 separate individuals & needing all 7 to agree that everything's a go, before I could lay my mitts on that sweet 1.3 BTC).

Do you ever do risk assessments?
Do you understand how miniscule the odds are for 7 shifty d00ds to be not shifty, together, at the same time?

But hey, since everything went swimmingly for you thus far Roll Eyes

It mimics some aspects of an actual exchange (like displaying an order book), but it isn't. What will be interesting to see is how actual disputes are going to pan out. Because that's the Achilles heel, of course.

Don't underestimate the importance of platforms like LBC for the dissamination of Bitcoin, even though the volumes dwarf compared to the botfests of the OKcoins of this world. They make Bitcoin accessable in those countries where there is no fancy excahnge, yet. While LBC as a centralized platform could be stopped in Germany, Bitsquare due to being decentralized, can't.

Fancy exchanges with their KYC/AML policies have become the gatekeepers of the Bitcoin eco-system. Bitsquare allows permeation between fiat and crypto. Small amounts, sure. But permeation nevertheless.