Quote from: sunnankar on September 14, 2013, 07:46:04 AM

Quote from: peasant on September 14, 2013, 07:14:47 AM

How long is it gonna be before this exchange gets hacked and everyone gets cleaned out? Love the idea but it needs some kind of backing to ease my mind.

From my understanding there is no 'admin' to hack since all accounts on the user machine are equal and on site access is needed to 'hack' it.

Everything seems to work pretty well with the exchange anywhere from interest, deposits, withdrawals, etc. The interest and fee shares is quite innovative and a great use of how the cashflows in the business model.

The interest model as a percentage of trading fees will probably become the de-facto standard since individuals need to somehow be compensated to take on the risk of having coins on an exchange in contrast to just having them sit in their own cold wallet and it needs to be done in a financially sustainable way.

Plus, it will be interesting to see if this type of innovative model will eventually get applied to more traditional financial firms.

I agree about the innovation part, but not on the rep of the owner of the site.

RealSolid a.k.a. Coinhunter