Quote from: Pentax on February 17, 2014, 07:21:09 PM

Quote from: CurbsideProphet on February 17, 2014, 06:47:50 PM

Quote from: BittBurger on February 17, 2014, 06:21:42 PM

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.

I've seen most of the attempts but the problem is and always will be you need to start at some point with the conversion from traditional fiat. I think the best we can hope for is a diversified system, which while isn't as optimal as a decentralized system, but certainly an improvement over the monopoly Gox had in the early days. We're clearly seeing this occurring now and it should continue.