I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.
Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?
Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.
Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?
Would a "Report User" feature be required if someone gets screwed out of their transaction?
Thanks for the feed back, regarding the verifications, they will be done by the validator, if there is any issue regarding the transactions it would be a fail due to NVO, there will be several verifications done by both sides prior to allow a transaction broadcast, if the user doesn't defines a transaction fee, it will be defined by the wallet when the order is sent. in order to cheat on the validator, one would have to get access to the validator which is secured by safeNet's encryption and protocole.
Sorry if I missed this but I have 2 questions:
I saw in your presentation that the wallet has seed so if I have say 5 alt coins in there and computer dies when I restore the new app with the seed all my alts will come back?
second question is how many Altcoins can I trade?
Thanks and good luck with ICO.
Yes, the wallet will have to be exportable and backup possibilities have to be provided as users will have the ability to export their wallet to mobile versions.