:: Re: [unSYSTEM] BANK RUN! - P2P Fiat…
Top Page
Delete this message
Reply to this message
Author: Washington Sanchez
Date:  
To: System undo crew
Subject: Re: [unSYSTEM] BANK RUN! - P2P Fiat-Bitcoin Exchange
@Manfred:

Not on OT dev team, just working on the conceptual design of the
TradeNet/Bazaar. Will post my proposal soon.

@Adam:

Unsystem forum?

@Everyone:

First name is Washington (drwasho), last name is Sanchez... don't mind
which of these you call me!


On Fri, Feb 14, 2014 at 11:06 AM, Adam Gibson <ekaggata@???> wrote:

> Sanchez, Manfred,
> This is what dansmith is doing now (integration of fiat transfer into OT).
>
> Adam/waxwing on the forums.
>
> On 02/14/2014 07:58 AM, Manfred Karrer wrote:
> > Thanks Sanchez!
> >
> > Open Transaction I was not considering yet as an implementation
> technology, but definitely worth to evaluate.
> > Until yet I was mostly focussed on the conceptional part.
> > Are you working with OT?
> >
> >
> >
> > Am 14.02.2014 um 00:40 schrieb Washington Sanchez <
> washington.sanchez@???>:
> >
> >> Hey Manfred,
> >> First off, I want to give you sufficient kudos for taking the time and
> effort to think about this problem... we need more people like you tackling
> the big problems.
> >> It appears that most of this can be executed on top of Open
> Transactions... which I believe should be your approach here, rather than
> trying to reinvent the wheel.
> >> Open Transactions is fundamentally peer to peer, as in transactions
> between OT wallets is p2p as well as transactions between a wallet and
> Federated Server (which is necessary in the case of a central issuer)...
> combined with BitMessage (as you already discuss), you have a powerful
> combination of platforms to achieve your aims.
> >> The big problem at the moment is discovery of participants willing to
> perform this type of transaction, which is something that the OT dev team
> are working on (called the 'Bazaar')
> >> Here are a few resources RE the last point that should help:
> >> OT + BitMessage for p2p exchanges:
> >> https://bitcointalk.org/index.php?topic=212490.0;all
> >> Lex Cryptographia (don't this miss one, it's a work of art and will
> give you ideas for reputation systems and managing counter-party risk in a
> near-trustless manner)
> >> http://bitcoinism.blogspot.com.au/2013/12/lex-cryptographia.html
> >> - drwasho
> >>
> >>
> >>
> >> On Fri, Feb 14, 2014 at 4:51 AM, Manfred Karrer <mk@???> wrote:
> >> I have written a concept for a P2P Fiat-Bitcoin Exchange.
> >> I am looking for developers so if you are interested, let me know!
> >> Otherwise any comment or review is highly appreciated!
> >>
> >>
> >> BANK RUN! - P2P Fiat-Bitcoin Exchange
> >>
> >> Basics:
> >> - Pure P2P, cannot shut down by a central authority, no 3rd party
> involved.
> >> - Collateral as warranty for fair behavior
> >> - Fiat money will be transferred from one users bank account to the
> others bank account without any intermediary party. No identification that
> the money transaction is connected to a BCT trade.
> >> - No fees beside the standard BTC transaction fees.
> >> - Open source
> >>
> >> Here is the paper:
> >>
> https://docs.google.com/document/d/1d3EiWZdaM89-P6MVhS53unXv2-pDpSFsN3W4kCGXKgY
> >>
> >> High-level overview of the protocol:
> >> http://nucleo.io/bankrun/flow/bankrun.png
> >>
> >>
> >> Bitcointalk:
> >> https://bitcointalk.org/index.php?topic=462236.0
> >>
> >> Reddit:
> >>
> http://www.reddit.com/r/Bitcoin/comments/1xsona/bank_run_p2p_fiatbitcoin_exchange/
> >>
> >> br,
> >> Manfred
> >>
> >>
> >>
> >> _______________________________________________
> >> unSYSTEM mailing list: http://unsystem.net
> >> https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
> >>
> >>
> >>
> >>
> >> --
> >> -------------------------------------------
> >> Dr Washington Y. Sanchez
> >> Post-doctoral research officer
> >> Therapeutics Research Centre
> >> University of Queensland
> >> Princess Alexandra Hospital
> >> Woollongabba, 4102
> >> Queensland, Australia
> >
> >
> >
> >
> > _______________________________________________
> > unSYSTEM mailing list: http://unsystem.net
> > https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
> >
>
>
>
> _______________________________________________
> unSYSTEM mailing list: http://unsystem.net
> https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
>
>



--
-------------------------------------------
*Dr Washington Y. Sanchez*
Post-doctoral research officer
Therapeutics Research Centre
University of Queensland
Princess Alexandra Hospital
Woollongabba, 4102
Queensland, Australia