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Author: Manfred Karrer
Date:  
To: System undo crew
Subject: Re: [unSYSTEM] BANK RUN! - P2P Fiat-Bitcoin Exchange
Hi Thomas,

great to hear you are interested!

realtime channels are also fine. waxwing and dansmith_btc are in #opentransactions (freenode), I am in there as well (Manfred_Karrer).
I just created a new channel #bankrun. Lets meet there…

Otherwise for persistent stuff I created that thread where everybody could introduce a bit himself and where we could start to get organized...
https://bitcointalk.org/index.php?topic=465326.0

cu,
manfred


Am 15.02.2014 um 01:25 schrieb Thomas Hartman <thomas@???>:

> 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
>>
>>
>>
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