Quote from: maaku on March 05, 2014, 08:52:30 AM

No, no, and please no. This is not what bitcoin needs. We need trustless exchanges which don't have to be audited because there is no capability to lose client funds.

I laughed and then made a depressing sigh when I heard about Andreas Antonopoulos' "audit" of CoinBase. He basically said "I approve of stucking your money with these folks" -- but you shouldn't have to trust *anybody* with your money. That's the whole point of bitcoin! We have the technology to build trustless exchanges, we just need to focus the resources to do it:

http://www.reddit.com/r/Bitcoin/comments/1zgbza/i_am_building_a_free_and_fair_trustless_exchange/

From your reddit posting;

Users deposit bitcoins and other crypto assets by means of an audited gateway or pegging mechanism.

It seems your plan requires auditing too.