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Unlike other attempts at creating a peer-to-peer exchange, P2P Exchange does not rely on a web-of-trust system. How is this possible? The answer is quite simple. I like to call the mechanism that executes the trade a "Trader Bot"
Your proposed trader bot does nothing except error checking before offering a trade. As an open source client, a malicious party could bypass these checks if desired.Say something that hasn't already been said please! If you have a solution share it!
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I think you're headed down the wrong path, and should integrate in support for a web of trust. I know of no other possible solution to the problem of a distributed exchange.
I'm open to whatever works. I'd like to make it work without a web-of-trust but if it comes down to it then that's what we'll do.