| submitted by /u/woldtrinabd
Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which hackers and bad actors can target.
Google Alert – bitcoin
A new initial coin offering (ICO) called Miroskii hopes to build a ‘decentralized bank’ by utilizing blockchain technology. Looking at the white paper and the website, it appears to have solid ideas and even a nice looking team behind the project. However, looking a bit closer at the team shows the ICO’s ‘graphic designer’ just happens to be a stock image of the Hollywood actor Ryan Gosling. In fact, after inspecting further, the entire team seems to be phoney and randomly chosen business…
I exchanged some Bitcoin back and forth on Bisq to learn if it's anywhere close to practical already.
I am mesmerized by the attention to details, usability and stability of the software.
Bisq is a desktop application you are supposed to run (potentially) 24/7 to trade Bitcoin in a p2p manner.
There is no registration and no central server to connect to. Your order is active only when you run the software.
With Bisq you can exchange BTC to a few most popular national currencies (USD, EUR) or altcoins w/o intermediaries.
There is a built-in arbitration process if 2nd party won't behave. Selected arbitrator holds 1 of 3 keys in a 2/3 multisig scheme. The scheme includes security deposits to incentivize following the deal.
You can put your orders in relation to the market exchange rate (say +1%).
There are not so many offers and it may take a few days to get a deal. Or you can select one of the existing offers to get the deal outright.
My trades went through smoothly.
I highly recommend to give it a try if you value privacy and you are not in a hurry (and you shouldn't be with crypto trading): https://bisq.network/
If you have access to USD payment methods, put an order in the order book for a week, and help encourage USD liquidity growth.
Text of their email newsletter:
Greetings, Bisq users!
Tomorrow—Monday Feb 26th—begins Bisq’s first-ever USD liquidity week. It’s an effort to bootstrap BTC/USD trading activity to a level where organic growth can really take off.
Sound interesting? If you have access to US payment methods and are eager to see Bisq’s BTC/USD market grow, you can help!
First, upgrade to Bisq v0.6.6, where you’ll find several new features that make trading and market making better than ever:
Trading fees have been reduced by 75%. It now costs just 0.00005 BTC to make an offer at market price.
Several popular US payment methods have been added, including Cash App, Venmo, Popmoney, Uphold and ACH/WIRE.
You can now deactivate and reactivate your offers with no loss of trading or mining fees.
Next, you can do any or all of the following:
Join us on YouTube at 11a Pacific / 2p Eastern, where Bisq contributors Chris Beams and Felix Moreno will screencast a live BTC/USD Bisq trade using Cash App as the payment method.
Be a USD market maker for the week. This will mean keeping one or more BTC/USD offers open throughout the week. We’ll discuss the details and take your questions during the live stream.
Spread the word. Follow @bisq_network and retweet tomorrow’s live stream announcement and other news about USD liquidity week. Let's see how big this thing can get.
Thanks for your support!
Bitfinex has announced that it will launch a decentralized cryptocurrency exchange built on the Eos.io platform. The new platform, Eosfinex, will be the first exchange to be hosted using Eos.io’s decentralized application infrastructure.
Also Read: EOS Raises $ 700M Despite Token Affording No “…
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CEO and founder of McAfee Antivirus, John McAfee, advises the Transcodium Project while reiterating the prospects of the project
Transcodium is the first of its kind…
Compared to altcoins, Bitcoin’s sidechain/layer2 functionality has more community, competition, tech, people, capital, flexibility.
And it is here today.
There is Lighting of course with near instant transactions and near zero fees at any scale.
Smart contracts and instant payment via RSK
Near instant and confidential trading between exchanges via Liquid
And much more underway now…and this is still just the dawn…not even sidechain gen1…just the sunrise.
Compared to altcoins, Bitcoin’s sidechain/layer2 functionality has more community, competition, tech, people, capital, flexibility. And it is here today. There is Lighting of course with near instant transactions and near zero fees at any scale. There are fully anonymous transactions via ZeroLink and TumbleBit Smart…