It is possible to build a P2P system to trade Bitcoins?



It is possible to build a peer-to-peer (similar to BitTorrent) system to trade Bitcoins?

Well, the discussion pointed in the 1st answer is very similar to what I have in mind. But, I have some sub-questions:

  1. Is there any possibility to use blockchains transactions system to have some "cash on demand" to use in trades transactions(maybe with some taxs like fee transactions)? And blockchains can carry more information about what is going on inside this or others sub-systems?
  2. The idea here behind the word "trade" is some system, that allows you to trade your bitcoins for any other currencys or other virtual currencys in any connected market around the world, by simple configuring a new "node" for that market.
  3. ok. More obvius question. How? (1 for me looks like a good idea.)


Posted 2012-03-18T00:38:32.913

Reputation: 973

Edited for clarify. – H_7 – 2012-03-18T16:43:40.957

wait. I am editing. lol. – H_7 – 2012-03-18T16:49:30.920

@David Schwartz go tiger. – H_7 – 2012-03-18T16:58:34.513



I think the answer to this question is currently unknown. There's currently an ongoing discussion about it on the bitcointalk forums.

I'll update this answer if anything comes of it.

Chris Moore

Posted 2012-03-18T00:38:32.913

Reputation: 14 317

well, discussion looks far away from a real solution.. – H_7 – 2012-03-18T16:48:50.857

Indeed it does. – Chris Moore – 2012-03-18T22:58:14.563


My speculative answer here is that it should be possible for currency trading between two crypto currencies to be done safely in a distributed/anonymous fashion. (use new blockchain to track open orders, season with crypto to taste.)

Truly decentralized trading against FX currencies is a lot less plausible.


Posted 2012-03-18T00:38:32.913

Reputation: 193

how the system is supposed to hold/lock bets? I guess this is the final frontier... – H_7 – 2012-03-26T13:40:27.980