Quote from: dukejer on June 21, 2011, 09:06:25 PM

I do not see why this would be impossible. I see the biggest problem is that the time it takes to transact an exchange and also guarantee payment between both parties. I think that maybe a rating system would help with the guaranteed payment. Start small with exchanges and earn a reputation for honest exchanges. As for the time it take for a transaction to take place I would think that a block chain would have to solve blocks quicker then 6 an hour. Maybe something similar to namecoin. With a high enough transaction fee I could see transactions taking priority and moving from peer to peer rather quickly. If you are not in a rush you could use a lower transaction fee. Money could be exchanged in person(long/lat), western union, paypal, dwolla, coinshop/merchant etc. Part of the transaction and exchange would be listing your payment choices and bids or asks to find a suitable person or business to exchange with.

- Dukejer

Thank You, please people, take example of this post and lets try to focus the positive ideas. We can make this happen if we combine our thoughts and ideas!