An Honest Price Discovery Mechanism for Bitcoin


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.


What I have in mind is a distributed network of independent, yet loosely cooperating bitcoin exchanges that all communicate via some well defined pr…

About Papa Scratchy Beard

user-pic Perl developer and Bitcoin enthusiast