Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMÒ<div class="post">Here is an idea I have been pondering. &nbsp;I think it's similar to Satoshi's, only transfers are made directly... &nbsp;Feel free to rip apart or amend. &nbsp;I created a <a href="http://www.filesavr.com/distributedtransfering">goofy .pdf</a> to explain what is happening.<br/><br/>In theory this could be used for any third party such as Paypal, etc. &nbsp;I think it would be very difficult for them to prove that individuals are participating in a currency exchange. &nbsp;And, I think it becomes more difficult to prove as the number of traders increase.<br/><br/>One big problem. &nbsp;Person A and Person B must follow through with their transfers and be honest about their actions. &nbsp;A solution might be to require an initial deposit from each individual to be held as collateral before any orders are made. &nbsp;These deposits could be in Bitcoins and offered as compensation when a trade "goes bad" for whatever reason.<br/><br/>Pros:<br/>1.) &nbsp;No centralized account that can be seized or frozen.<br/>2.) &nbsp;No tax reporting burden on accounts.<br/><br/>Cons:<br/>1.) &nbsp;Transfers are less anonymous since individuals can "see" one another.<br/>2.) &nbsp;Parties must be trustworthy.</div> text/html