Source
r/Bitcoin•
ATBTCGD

Bitcoin native exchange.

I know this might sound entirely insane due to just adding more code in general to Bitcoin Core.
But let me hear what you guys think.

What if Bitcoin had a built in decentralized exchange that worked much like Bisq?
Perhaps even used some of the same code.
Any wallet could interface in the exchange network and would be a part of all core software.

Maybe it could work somehow like sending exchange details to a mempool where it will sit for a length of time to eventually get sold. Or bought.

maybe lightning network could achieve this as a thing.
Maybe this is a 2nd layer project... or maybe it is just Bisq.
I feel like Bisq needs more popularity and explaining how important it is nonetheless.

Posted May 26, 2019, 6:00 PM UTC

25
StirlingG•

Bisq is amazing as it is. I agree more people need to use it though

2
Nesh_•

Bitshares blockchain is a dex

1
Manfred_Karrer•

This idea is so insane that even Satoshi coded it up ;-) (in the Bitcoin pre-release version there is still code fragments in). But he did not finish it and it was more or a general market place than an exchange.

Though to keep such functionalities separate is for sure a better idea than to put all into the Bitcoin app.

To focus on a 2nd layer (off-chain) trade protocol is required as well long term as tx fees will become too expensive one day. Bisq has some ideas for that as well....

1
ATBTCGDOPredditor for 3 months•

I really thought this was a great idea. I have a huge problem with the exchanges and the type of culture they are bringing to Bitcoin, but not just exchanges, all KYC/AML/3rd parties. You have all this decentralized censorship resistant currency and then you buy through your bank... it's fucking stupid. If the marketplace protocol was built into wallets then people would just assume that is how you buy bitcoin... I could also see a million problems with this.. But Bisq works really well I'm finding out. When people ask how to buy Bitcoin I think the Immediate response should be "You use Bisq" Without hesitation or other suggestions.

2
Manfred_Karrer•

Yes agree, and my reply above was (This idea is so insane that even Satoshi coded it up) meant as joke. Bisq has a wallet (though it is SPV) and comes closest to what you are looking for.

1