Post
Topic
Board Bitcoin Discussion
Re: Investors Pump $600,000 into Swedish Bitcoin Exchange Safell
by
Pentax
on 17/02/2014, 19:21:09 UTC
No.

What we need is a decentralized exchange.

That is the problem.

Not more "solid players".  I know you meant well by saying that.  But truly:  Bitcoin needs no central points of weakness.

This is the entire reason it was created.  And are we shocked that the failures have been in the centralized elements? 

They are *always* the weak links in a decentralized network.

I don't know if Mastercoin Foundation's decentralized network invention is what I am referring to, but the days of "companies" owning "exchanges" and creating a "trust" situation needs to end.

More companies is not the solution.

-B-

How does one accomplish a truly decentralized exchange?  That's the problem.


yep.  I love the idea of decentralized exchanges, and realize that this is one of the more powerful possibilities of bitcoin, but don't have any idea how that would work.