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Skribent: Mats-Erik Pistol
Dato:  
Til: System undo crew
Emne: Re: [unSYSTEM] BANK RUN! - P2P Fiat-Bitcoin Exchange
Manfred Karrer,

Please include me in the upcoming forum/wiki also. I am highly interested
in following how this pans out. I cannot contribute much, since I have a
daytime job.
However I think you should put more emphasis on sending the fiat in the
mail and avoid bank transfers. The sender can then be anonymous and the
problem of undercover agents more or less disappears. Another thought is
that if trading btc becomes illegal in one country one should encourage
international trading which induces competition between countries.
Can you estimate how much funding is needed?

Best,
Mats-Erik Pistol


On Fri, Feb 14, 2014 at 5:53 PM, 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
>
>



--
mvh,
Mats-Erik