Post
Topic
Board Project Development
Re: Anonymous Decentralized Exchange
by
KidMarx
on 20/01/2017, 16:23:25 UTC
Bitsquare isn't completely anonymous, as it does require people to provide personal information. Almost all exchanges do. We don't want that. We want you to be able to exchange as much as you want, without any knowledge of who you are. Because, it's your money and your business, not ours. Bitcoin is pseudo-anonymous. As time progresses, we are creating and building more blockchains that handle issues that weren't originally foresee-able. In some cases, they were foresee-able, but the original developers didn't know how much it'd scale. Whatever the reason,  the ability to utilize and seamlessly exchange any coin, any time, without a record becomes more and more valuable, as it will allow for the best parts of all coin attributes, so long as your funds exist in that/those coin(s).

Ok, and what about technical issues? How will you make anonymous system in your exchanger?
How will work arbitration system if someone will try to steal my money? Like an example, Bitsquare using multisig wallets for trading and arbitres for controversial situations.
I know Wawes making their own decentralized platform, but without anonimization. What do you think about their project?
More details please.

Transaction fee back to the exchange for their work.

This isn't seems like decentralized exchanger, lol. Sorry, maybe I haven't understood you, but what kind of fee you talking? to whom it will back?




To address the technical issues and without giving out too much details, the exchange wouldn't hold any of the money or funds itself. Rather, you as the client would give permission to move money to an already predetermined address which allows for multiple levels of permission. The exchange has the ability to notify you there is an exchange ready, request that the funds be moved, but you must confirm to move your money anywhere. Without you and your private key, your funds don't move (your key stays on client-side of course). We hold no money, only connect the people whom want to exchange.

The fee is to cover the network cost and pay the developers/investors. How and who (pseudo-ID) the fee gets distributed to is all public, but as to the identity for whom they are, that is not available. What's public is the % of the fee that pays each dev and potential investors. This can also be subject to change, and a dev or investor can give or sell their shares of the transaction fee if they so like. This would be projected and be public on the blockchain as well, to keep integrity in the service.

(I may have not explained this as well as I'd like to. Still working on my English.)