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Cypherpunkd Episode 019: “Global Bitcoin Stock Exchange and Bitdrop” – Nefario

Posted April 28th, 2011 in Cypherpunkd by admin

The Global Bitcoin Stock Exchange, Bitcoin, Open-Transactions, Loom, GSF, CoatCheck… Buckle your seat-belt Dorothy, cause Kansas is about to go bye-bye. This episode is not for the faint of heart. Nefario starts off telling us some of his background motivation for creating this project. How it started off as a reputation system, but then the GLBSE seemed like a need to be fulfilled first. Discussion on the recent spike in Bitcoin adoption and market activity. We cover features of the GBSE, things working now, things being coded now. How they started with Open-Transactions, but moved to their own backend, and future plans for their replacing most of the backend with future Open-Transactions releases. We go over the Tutorial showing basic features of the system, Register, Deposit, Withdraw, Transfer, Place Order, Show Orders, Issue Assets. Ricardian contracts example of issuing your own Bond, pgp key signing of contracts. Integrating Loom and GSF Globals as an additional settlement/payment currency in GLBSE. Integrating Open-Transactions and other systems. Possibilities of P2P comms with future clients, encryption transports, encrypted messages over OTR. Issues of criminal organizations attacking this system, the need to take it deep in the darknets.
Nefario also lets us know about his other future project “Bitdrop” a distributed package delivery system with couriers getting paid with bitcoin. Programmers wanted! Doing onion routing and geocache, f2f networks. We discuss massively distributed p2p hawala systems with anyone and everyone an exchanger for in/out of second realm currencies. GLBSE METATRADING and his article on anonymous exchange networks.

Global Bitcoin Stock Exchange Provided by BitcoinGlobal
Open Source Client for the Global Bitcoin Stock Exchange on Gitorious
GLBSE Client Tutorial
Fossil: Simple, high-reliability, distributed software configuration management
Bitcoin Forum > Bitcoin > Project Development > Stock Exchange testing, round 3
Example Asset Contracts
Anonymous money needs an anonymous exchange