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They should carefully consider the possibility of creating a decentralized exchange (like bitshares or nubits) and not merely a new centralized exchange for a d
by stream_fusion 12y ago
They should carefully consider the possibility of creating a decentralized exchange (like bitshares or nubits) and not merely a new centralized exchange for a decentralized currency (bitcoin). There will be a future for blockchain technology that can eliminate MtGox type events.
- RemoteWorker 12y agoWhy would they want that? You know they aren't working ad honorem, right?
- wcoenen 12y agoDecentralized exchanges are problematic when you are exchanging with traditional currencies. The traditional currencies have to sit in some bank account, so either you trust some third party to hold it for the traders during the transactions (e.g. escrow or a centralized exchange) or you introduce counter party risk. Bitshares is a decentralized ledger for equity. Nubits is a system that attempts to stabilize the price at 1 nubit = 1 USD. Neither solves this problem of having to trust someone when you exchange for traditional currencies.