Author Topic: Bitcoin p2p "Trade Brokering" Idea  (Read 4590 times)

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Offline Joey MarinoTopic starter

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Bitcoin p2p "Trade Brokering" Idea
« on: April 14, 2013, 04:39:51 PM »

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So, I lost a tiny bit of money trading bitcoins, and it seems to me, the problem was the bottlenecks created at the exchanges are susceptible to DDOS attacks causing buyers to lose confidence in the system. How I see it, the bitcoin system is a great idea, it is just the instability of the exchange networks that caused the correction in the market.

Why can't we make "brokering" bitcoins opensource and p2p similar to mining?

Bitcoin miners are already set up with the equipment and would have another income source by being able to charge competitive fees, driving brokering fees down. Perhaps a separate block chain for trades? (or something similar to a block chain?) This could help eliminate the bottlenecks in exchange networks and create transparency in trading.

I'm not here to debate the bitcoin market, inflation/correction, and I am no software engineer nor economics expert, so I may be misunderstanding something crucial, but any commodity should be able to be traded freely and openly without fear of attack. This can't be a new idea, are there any discussions on this topic? If it is a new idea, technically, could this be possible?

Edit: Found this after posting: newbielink: [nonactive]
Seems like the inherit problem is the transaction in exchanging btc for currency. Interesting and hopefully possible concept. I think the demand for something like this is more than ever.
« Last Edit: April 14, 2013, 05:31:59 PM by Joey Marino »

Offline slc334

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Re: Bitcoin p2p "Trade Brokering" Idea
« Reply #1 on: April 14, 2013, 10:13:35 PM »
I think this is a great idea, as anyone wanting to get into bitcoins the free way (websites, faucets, etc.) has to wait a looong time before they even have enough for transaction fees! Great idea! ;D
I +karma for great ideas/conversation!

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