Could you guys imagine how big a true (and on top audited) decentralized exchange would be? People would swarm in like crazy. There is a long talk about a decentralized exchange in the BTCitcoin community since the Mt. Gox drama. People like Andreas Antonopoulos are very interested in this for a long time now. We could also get a lot of media attention over Andreas and Let's Talk Bitcoin. If Adam B. Levine is talking about a coin it's like like an accolade for the coin on the long term.
There is a big big demand to get an exchange in which assets are not steal able. Neither by the people running the exchange neither by hackers. The single point of failure hurt a lot of people. There is no exchange I am currently trusting. Mt. Gox, Poloniex, Mintpal and other have proven again and again there will also be a point of failure. In the end it doesn't matter if a Government, an admin or an Hacker creates this situation where assets are gone.
Vericoin is currently one of the few coins competent, active and on top smart enough to achieve this milestone in the Bitcoin history. The demand is just huge.
But it would take 3 People too long to get a working exchange in time. We need to get bigger. Volunteers (which can be tipped), investors for a foundation to hire people and make the hole process accelerate. How many people are involved in the development of Etherum? 60? That's totally different universe.
The foundation should get in the end most of the fees charged by the exchange to make it lucrative to them investing.
I would love the see Vericoin to succeed. But if we can achieve this. This would be outstanding. This is a real opportunity to get big.
In my opinion the exchange should aim high to get attention.
--> get a white paper. Where do the dev. want to head. What are the ideas?
I would suggest:
Step:
1.) Create a base the exchange could operate on. Possibly a unique Blockchain 2.0 ? I am not sure if a decentralized exchange could even operate on the current blockchain.
2.) Create the exchange. Just a simple test version integrated into the Vericoin Wallet to find problems.
3.) Make the exchange accessible over the browser. Create an Veri-exchange only Wallet
4.) Add Altcoins
and then we got already a lot. The far future ideas would be:
-Veribank comes alive. Create a special token/coin (maybe Ripple style) and make it simple 1 coin/token = 1$ accessible for all Veribank users. Add this token/coin to the exchange.
And BOOM Vericoin became a big player and could even take over market cap of big Bitcoin exchanges like btc-e, bitstamp and even OKCoin simply because a p2p exchange with FIAT would be a kill blow to them.
-Create tradable contracts over the exchange.
But I am not sure if the dev of Vericoin even want to head this way.
I know this is a shit lot of hard work. But the possible value out of this is not even predicable.
I would love to see them heading this direction and would support this heavily.
What do you guys think about these ideas?