Hi Jaume,

regarding the funding model:
The mailinglist was not publishing my post since a few weeks, so the post was a bit outdated...
I already found that the dual donation/investment combination will be too risky from a legal perspective, so I dropped that idea for the moment.
I will just go on and ignore the funding problem at the moment...

Regarding the exchange:
Yes your suggestion could be another approach.
But I am already in the middle of implementation and wanted to get the best solution from usability point of view possible inside the constraints (bank tx between peers).

cu,
Manfred


Am 27.06.2014 um 09:32 schrieb jaume via 33Mail <sender@???>:

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> Manfred,
>
> For me it is a bit complex. I cannot spot a weakness in the model right
> now, but at the same time I am not sure that it is flawless.
>
> I think that a P2P Fiat-BTC exchange is badly needed. At the same time, as
> we discussed in other occasions, I would keep it as simple as possible. As
> I see it, the goal should be to build a distributed orderbook and a
> distributed web-of-trust. Obviously some fees would be required to prevent
> spam.
>
> Then I could configure my peer to detect buy/sell offers at the prices
> that interested me from people in my web of trust. This simple first
> approach would be already usable and offer a functionality similar to the
> IRC OTC channel.
>
> After the distributed orderbook and the distributed web of trust were
> operational the next step would be the possibility of including
> collaterals and/or escrow services.
>
> From my perspective, you have a tendency to complexity and I always prefer
> simplicity :D
>
> Peace :)
> Jaume
>
>
>
>> hi guys,
>>
>> I wanted to ask for feedback/discussion about the funding model we are
>> considering for bitsquare.io (P2P Fiat-BTC exchange):
>>
>> Overview of the model:
>> - We ask the community for BTC donations for supporting the development of
>> the P2P exchange.
>> - The funds go to an non-profit organisation which manages the project
>> development.
>> - The NPO has a democratic, transparent and open structure; new devs are
>> welcome.
>> - The NPO uses the funds for paying the developers/contributors.
>> - There is a continuous deployment process so the sponsors can see the
>> progress
>> - There are several rounds for each reached milestone (e.g. every 1-2
>> month) where only the needed amount for that period will be collected.
>> When reached the target the round will be closed
>> - When the software is published the sponsors will receive the trading and
>> registration fees. - The algorithm for the selection will privilege early
>> sponsors. If the project will be successful the sponsors might get more
>> money from the fees then they have donated initially.
>> - It is important that it is communicated as donation model not as
>> investment! We cannot guarantee that the intended model will be
>> implemented like planned (legal, technical, conceptual issues might cause
>> a change). Also to promote it as investment would cause legal issues
>> (would be considered as shares of a public company)
>>
>>
>> The concept is described here in more details:
>> https://docs.google.com/document/d/1MysGJcPydv3EabshTFiFTtwQC86_4-HG7dSPp0_YhHc/
>>
>> br,
>> Manfred
>>
>>
>> Resources:
>> Webpage: http://bitsquare.io
>> Github: https://github.com/bitsquare/bitsquare
>> Whitepaper:
>> https://docs.google.com/document/d/1d3EiWZdaM89-P6MVhS53unXv2-pDpSFsN3W4kCGXKgY
>> Overview: http://bitsquare.io/images/overview.png
>> Video of the proof of concept prototype:
>> https://www.youtube.com/watch?v=ByfnzJzi0bo
>>
>> Payment protocol: http://bitsquare.io/images/paymentProtocol.png
>> Risk analysis:
>> https://docs.google.com/document/d/1EFLINUOmtY1Lu2VE9GZLHKEcqLvnnPfzlu0AMyGwDN8/
>> Arbitrator system:
>> https://docs.google.com/document/d/1EFLINUOmtY1Lu2VE9GZLHKEcqLvnnPfzlu0AMyGwDN8/
>> Funding model:
>> https://docs.google.com/document/d/1MysGJcPydv3EabshTFiFTtwQC86_4-HG7dSPp0_YhHc
>>
>> Old bitcointalk thread (BANKRUN!):
>> https://bitcointalk.org/index.php?topic=462236
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>>
>
>
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