Expect mature clients to abstract this complexity down to 2 (maker/taker).
Then, drive the protocol sequence and optional features based on declarative options and terms set by the maker, using logical defaults if not over-ridden by the maker.
Takers simply let makers compete, and don't have much wiggle room to negotiate. Makers can optionally list choices or flexibility in their terms.
“The ideal Bitcoin / fiat gateway must be censorship resistant, private, self-custodial, open to collaborative development, and practically usable to the masses, not just to those already deep in the Bitcoin ecosystem. The solution shall become the go-to on-ramp when an existing Bitcoin veteran orange pills a beginner.”
One thing I must add is a deep liquidity pool! One thing that truly lacks in the no-KYC accumulation method is being able to buy $10k to 50k. Most p2p order books can’t handle that sort of volume. If this p2p exchange can fix this problem would be a massive privacy improvement
Excited to see what comes of this. We need more P2P no-KYC exchanges, and the more of them the better.
We also need good liquidity on them.
Any progress on this!
Recently, they released a demo about exchange
Where?
https://n3xb.io/fatcrab.html
Wow thanks for this fatcrab app looks cool! Feels like this is what TBD is trying to do.
An idea for this...
Split this protocol into 4 roles, then design accordingly, such that the maker declares two things.
4 Roles4 Roles
Expect mature clients to abstract this complexity down to 2 (maker/taker).
Then, drive the protocol sequence and optional features based on declarative options and terms set by the maker, using logical defaults if not over-ridden by the maker.
Takers simply let makers compete, and don't have much wiggle room to negotiate. Makers can optionally list choices or flexibility in their terms.
keen to see stuff like this spring up, with nostr market and civkit also in the mix we could really have a solid circular economy going here
“The ideal Bitcoin / fiat gateway must be censorship resistant, private, self-custodial, open to collaborative development, and practically usable to the masses, not just to those already deep in the Bitcoin ecosystem. The solution shall become the go-to on-ramp when an existing Bitcoin veteran orange pills a beginner.”
One thing I must add is a deep liquidity pool! One thing that truly lacks in the no-KYC accumulation method is being able to buy $10k to 50k. Most p2p order books can’t handle that sort of volume. If this p2p exchange can fix this problem would be a massive privacy improvement
This looks amazing! They seem like true Bitcoin Maxis. Much love to this project!