Hello . i've idea to create site like Mt.Gox, Bitfinex, OkCoin and etc to exchange USD to decred, so Decred will take pair with USD not like another new cryptocurrecy that exchange to BTC first. If someone can help me to build together, i will welcome
Hello . i've idea to create site like Mt.Gox, Bitfinex, OkCoin and etc to exchange USD to decred, so Decred will take pair with USD not like another new cryptocurrecy that exchange to BTC first. If someone can help me to build together, i will welcome
Before you start, technical is not the limitation here... There are a lot of other things you need to address first. Legal - In the US, KYC and AML laws are a real problem for something like this. And not covering it will result in prison time as well as seizure of assets. (If you do not know what KYC and AML means, you are really not ready for this.) Fraud - (customer) How are you getting the USD, and how do you make it non-reversible? With Bitcoin, when you have it, you have it. With other credit card, you can get chargebacks. Fraud - (perception) Who are you, and why should I trust you with my money while you wait to see if my "check clears?" And this is ignoring the volatile nature of a new currency...
Exactly right... Also Mt. Gox may not have been a great example to be emulated by a prospective exchange... Alt exchanges will likely add Decred quickly. I am not well acquainted with them so maybe some other members could chime in with a recommendation. To start I don't see why we could not set up a section of this forum as an OTC (over-the-counter) exchange with a few trusted mods possibly offering escrow services for BTC <-> DCR transactions. Just a thought...
This is also a good place for my suggestion about local groups. Face to face in a room is still about the best way to get things started.
but, in 2011-2012 Bitcoin is very easy to spread , not need like legal in country . Bitcoin in 2012 spread in SIlk Road, the silk road make bitcoin price higher and higher every day. May be decred should have like 'Silk Road' or many merchant build in SIlk Road accepting payments via Decred
No, i'm not to make like dark net , but we are together can build something merchants that can increase demmand of decred so the price will high , popular and stable like Bitcoin now. Many merchants / pay partner on Bitcoin like Bitcoin GreenAddress, Bither, Green , etc , you can see here : https://bitcoin.org/id/pilih-dompet-anda , and the Silk Road is pionerr to make Bitcoin become popular, so we are here must make a "pionerr" to make Decred become so popular in money transaction
I think using existing exchanges to begin with is the wiser choice. They already have a stable userbase and reputation which guarantees trust in these services.
A great idea, only send the accountants and lawyers take care of the bureaucratic part, and that I have and also booked a http://decredcrew.com/ site where we can legally use for this purpose.
Yes... if it is legal regulations we are concerned about, starting up our own black market is the opposite of a solution.
You are worried, the black market is in any currency, it is up to those who use the currency work properly, is beyond anyone handle it or not.
Oh, black markets are inevitable in any economy. There will be goods and services which are illegal in the light markets or which have excessive tarriffs and fees and can be sold more cheaply by ignoring regulations. That doesn't mean we should start one, though.
The best stuff would be an exchange like shapeshift.io. You can't use bank account or whatever, but at least it's pretty easy to buy some coins.
Shapeshift.io will add Decred if it shows reasonable growth, anyway, but that's a good barometer for how well the currency is doing.
As i understood for the first time decred won't be on exchanges. If it will have a real value and it will be enough decred for exchange all sites will add it