Hi,

Thanks for your input!
Yes the mail solution will be also more emphasised when I include the P2P market point of view into the concept.
The structure can be used for a P2P Marketplace as well. I think I will adopt the paper and project name in the way that it is more generic and not only designed as a exchange.

Re: Funding
I have not thought about that part much yet and luckily with the devs I am in contact that topic seems also to be not important (yet).
I think I need to have first commitments to have a core team, then decide for the technology and architecture and then estimate the effort and costs.
There could be different funding models, I would prefer a crowdfunding or similar solution which is based on domocratic involvement.
One thing nearly sure is that the usage of the software will be free (no fees).
I am also in contact with a few investors but at the moment it is too early to make any move in that area…

Feel free to add an entry here if you like to get involved: https://bitcointalk.org/index.php?topic=465326.0
We are also on IRC #bankrun.

br,
Manfred


Am 19.02.2014 um 12:01 schrieb Mats-Erik Pistol <meapistol@???>:

> 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
> _______________________________________________
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