I was wondering how they would solve the obvious problems associated with this kind of exchange, but I was not impressed after reading their white paper. They are basically a patched-together layer that helps facilitate bitcoin/bank transfers, with the only protections being transfer limits, trust scores, and arbitrators. The non-atomicity makes it very clunky, and also without anonymity. Doesn't bring much more to the table than LocalBitcoins does, as the centralization of LocalBitcoins is not its weakest point of failure.
I feel like once they're up and running, they will be showing up to the party saying "Hey guys, check out our steam engine!", while everyone ignores them, continuing on with their fusion reactors.
Topic: [FYI] Bitsquare - The decentralized bitcoin exchange (Read 1152 times)
