Quote from: RoyalKingdomEnterprise on August 09, 2017, 03:14:02 PM

Quote from: OMlite on August 09, 2017, 02:54:58 PM

The concept is nice.
However, in the video you do not explain what happen to coins currently linked to pending orders.
It is clear that coins not on orders are store in private wallets on user's pc...
but pending orders?
Are the coins tied to the pending orders sent somewhere? hence the "distributed" nature?

Exactly. The coins are sent to our nodes to perform the exchange. But even this situation is better than the order on the centralized exchange.

Thank you for the quick answer

As you can imagine, after BTCe there is a lot of hype on decentralized/distributed exchange.

I have further questions:

coins on orders are sent in advance?
Meaning:
current btc price 1 dollar.
I place a sell order at 2 dollars for 2 btc.
My 2 BTC are sent in advance to the server nodes... till order is execute?
(meaning severs will store my BTC for an hour or a day or a week... depending on when price meet my target).

If so, I see a problem in that.
Trading activity means place different orders in advance.
If coins are actually sent for each pending order... there is no difference between any other exchange.
People always tell that "you must not store your coins on a exchange".
But they fail to understand that most of the people that stored coins on exchanges... had these coins in pending orders.
Not passively sitting on the online wallet.

Possible solutions:
send the coins only when the transaction is closed.
Not in advance.
The nodes take care of all the administrative exchange and book order... and only when a sell order meet a buy order... coins are sent.
Therefore, till the last second users will have the coins on their private wallets.

Quote

1) Users can hold us accountable,

users hold MtGox accountable ...
we are holding BTCe accountable ...
This does not provide any additional guarantee, unfortunately :\
Neither the crypto signature.
Take BTCe for example. The problem is not the amount of money or coins we had... even if there was a crypto signature for BTCe... it will have make no difference.

The value of hold you accountable, depends upon your reputation and solidity.
And, as history told us, reputation and solidity are not the solution.

Just my two cents, obliviously