Post
Topic
Board Bitcoin Discussion
Re: ATTENTION: Any exchange right now can act like a bank
by
pjce
on 04/07/2011, 01:30:59 UTC
When Mt gox was on The bitcoin show they briefly described the ultimate solution to this very problem. Simply put "Decentralized Exchange" working on the same principle as bitcoin. this solution would eliminate the need to trust an organization. i hope mt gox will be able to achieve such a trading system.

And how exactly would a "decentralized exchange" work? I don't see how this computes with the need for a bank account to accept fiat currency.