:: Re: [unSYSTEM] BANK RUN! - P2P Fiat…
Top Page
Delete this message
Reply to this message
Author: Thomas Hartman
Date:  
To: System undo crew
Subject: Re: [unSYSTEM] BANK RUN! - P2P Fiat-Bitcoin Exchange
I'm interested as well.

I've thought about this a lot, and I have some ideas for bootstrapping
the network.

Manfred/others, if anyone is available to skype about this I would
love to get together in real time.

Also interested in joining irc meets if there's anything going on.

On Fri, Feb 14, 2014 at 8:53 AM, Manfred Karrer <mk@???> wrote:
> I just created a project development thread
> (https://bitcointalk.org/index.php?topic=465326.0) intended for open and
> transparent communication for the development process.
>
> If anybody interested to join/contribute to the project please join there,
> so we can start working on it.
>
> I am in contact now with about 7 people so lets see how to get the thing
> rolling...
>
> Topics to discuss:
> - Check the overall concept and test it there are open flaws
> - Structure the development process
> - Design the basic architecture
> - Choose the technology to implement
> - Funding models
> - Organisational structure
> - ...
>
> As soon as we have agreed on a project name, I will register a domain and we
> can setup our own forum/wiki,... there. The thread is just intended for a
> first start....
> I am working on an update for the paper to clearify and address some open
> questions/issues.
>
> br,
> Manfred
>
>
> Am 14.02.2014 um 02:23 schrieb Washington Sanchez
> <washington.sanchez@???>:
>
> @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
> _______________________________________________
> 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
>