Should Bitcoin Exchange Bitsquare Adopt Reputation System?
Despite calls to adopt a decentralised reputation system on its platform, Bitsquare says it will not rely on it even though it is typically used to establish the trustworthiness of users in a network. Some Redditers, have asked for the system to be included as a feature on the platform. However, in a chat with CoinTelegraph, Mihail Mihaylov, Bitsquare’s Chief Decentralist, said the system could be used to defraud others. Mihaylov says: “For example, if Jane has a high reputation, it means a lot of users find her to be trustworthy. However, such systems can be manipulated to inflate the....
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The decentralized bitcoin and altcoin exchange Bitsquare has decided that it must rebrand or face a costly legal battle. Launched last year, Bitsquare is the first decentralized bitcoin and altcoin exchange of its kind. Instead of trading bitcoin through a central intermediary as a typical exchange would, Bitsquare users connect through a peer-to-peer protocol and exchange money directly. To keep everyone honest, traders put up security deposits, while an arbitration system serves as a fallback. The open-source project led by Manfred Karrer recently ran into a setback, however, as the team....
The first completely decentralized bitcoin exchange supporting fiat and digital currencies has announced that it will be launching its beta version on April 27th. BitSquare will be launching its beta version of the decentralized Bitcoin exchange later this month. The BitSquare can be used to exchange bitcoin with other fiat currencies as well as altcoins. Founded by Manfred Karrer along with other contributors, BitSquare has been under development for over 2 years. The platform as been undergoing tests in the recent months before it can finally be launched on April 27, 2016. Manfred....
A team of bitcoin enthusiasts is approaching completion of the first stage of launching Bitsquare, a decentralized bitcoin exchange. Bitsquare has been designed to ensure privacy but not be controlled by a central authority like other bitcoin exchanges. Bitsquare is currently seeking 120 BTC for the development of its first milestone through Lighthouse, a crowdsource funding platform. The first phase of the funding campaign ends today (Feb. 9.) and the campaign has only raised 42% of its goal. Whether the campaign will be able to raise the rest depends on the incoming donations today. Need....
In the world of Bitcoin and digital currency, there seems to be a growing demand for peer-to-peer exchanges, rather than sticking with the traditional model of dealing with companies controlling user funds. Up until this point, very few projects have been released to tackle this issue, although the Coinffeine team is doing a good job so far. But there is a new project on the block which is expected to launch in beta soon, called Bitsquare. BitSquare Peer-to-peer Exchange. Although the latest release of BitSquare is labelled as a pre-release version, there are some interesting features to....
Some things get off to a rocky start. Much like bitcoin itself, which is still facing issues regarding mass acceptance and adoption, a new decentralized exchange known as Bitsquare has not managed to raise the funds its wished for through the crowdfunding platform Lighthouse. The company was originally aiming to raise about 120 bitcoins for the creation of its first milestone. Bitsquare is trying to enable heightened privacy for bitcoin users while at the same time avoiding control from a central authority (a common problem amongst many bitcoin exchanges). Bitsquare team member Richard....