Hello!
This looks fantastic, exactly what BTC needs. With a little tweaking this would be magnificent for alts.
I see that there is an escrow-like model to the exchanges where both parties must put down collateral.
Isn't this the wrong approach to have given the fact one party could still potentially scam the other? I'm not sure if this question has been addressed, yet. However, I will try to elaborate upon it.
For example, Ethereum has a p2p style escrow where the parties have trust ratings. The person who is putting the money forward can withdraw 1% a day, the other person getting the money can only withdraw 0.05% daily. Creating a drawn-out and delayed exchange given the fact one party could be fraudulent. The forwarding party can watch if the other receiving party has begun retracting their end of the deal. Except, the forwarding party can withdraw their funds faster due to the early warning the delay gives.
Is there any way some of this could get implemented ?
edit: a word