I just tried the Bisq exchange…

…and holy cow, does it work beautifully.

I just made my first trade without any problems whatsoever. The setup was very fast due to the fact that there is no KYC bullshit or anything like that. I just created an account with my banking information and bam, made my first decentralized BTC exchange. It runs stable and the UI seems to be bug free, which stands in stark contrast to the piece of cabbage that is the kraken.com website (their support is amazing though I must say).

And even though there are not so many active offers there at a time (today was great actually, since it was Bisq September Market Kick-Start Day), I'm not worried at all that this is in fact the future of trading crypto. Try it if you haven't!

My appreciation goes out to all contributors. Well done everybody. Smashed the dono <3

submitted by /u/psychism
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Bitcoin – The Currency of the Internet

Bisq – the decentralized exchange

  1. Censorship resistance
  2. Privacy
  3. User control of funds

These are the 3 key reasons why decentralized exchanges are fundamental for Bitcoin to succeed. They are not theoretical risks, but very real threats: We have hundreds of examples of users losing funds after ceding control to a custodial exchange. We have dozen of cases of goverments blocking or regulating exchanges out of existence. And we have an ever increasing number of exchanges being forced or choosing to invade user privacy through KYC, AML and other intrusive (and exclusive) requirements… and then leaking or selling that information.

Bisq is currently the best available option to exchange Bitcoin without sacrificing privacy, ceding control of your bitcoins to a third party or allowing censorship of any kind.

  1. Bisq is censorship-resistant: it runs over TOR and cannot be shut down or regulated. It is not a company or website, but rather a P2P network similar to BitTorrent or Bitcoin.
  2. Bisq does not require nor collect your personal information – it is stored locally on your computer and only what is strictly necessary to complete a trade is shared with your counterpart in each trade. There is no central respository of user info.
  3. Bisq never touches your funds – bitcoins are under your control in your own wallet and only locked up in a multi-sig transaction during the execution of each trade. Fiat funds are sent directly from the buyer to the seller without involving a third party.

If you want to help Bisq grow on September 20th there will be a market Kick-start day to push liquidity. Please post a offer to buy/sell on that day to show your interest.

Bisq September Market Kick-Start Day [September 20th]

submitted by /u/flix2
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Bitcoin – The Currency of the Internet

The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean to $1 USD…. inflation kills!

The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $  35 quadrillion Zimbabwean to $  1 USD.... inflation kills! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet