An Honest Price Discovery Mechanism for Bitcoin
INTRODUCTION
Although the bitcoin protocol itself is fairly robust, our dependence on centrally managed bitcoin exchanges for price discovery creates a single point of failure for the system as a whole.
What is needed is an honest price discovery mechanism that is both decentralized and resistant to DDoS, HFT and other forms of price manipulation.
A DISTRIBUTED EXCHANGE NETWORK
What I have in mind is a distributed network of independent, yet loosely cooperating bitcoin exchanges that all communicate via some well defined pr…
Perl developer and Bitcoin enthusiast