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EB140 – Manfred Karrer: Bitsquare - The Decentralized Open-Soure Cryptocurrency-Fiat Exchange

1,894 views · Published 18 July 2016 · 1:04:12 · Indexed 8 November 2026

Channel: Epicenter Podcast · 2016 · Science & Technology

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Exchanges are often criticized as a central point of failure of the cryptocurrency space. This isn't without justification as, in recent years, we have seen a number of exchanges get hacked, robbed, or embezzled by their founders, which is far from insignificant. One proposed alternative are decentralized exchanges that would allow people make  peer-to-peer trades using sophisticated smart contracts. However, there remains the fundamental challenge of interfacing with the legacy banking system.

Manfred Karrer joins us for a lengthy discussion on Bitsquare, a decentralized cryptocyrrency exchange which supports most fiat currencies and cryptocurrencies. Built to be a decentralized equivalent of LocalBitcoins, the Bitsquare client, which connects to the peer-to-peer network, uses Tor by default, which makes it almost completely anonymous. There are also a number of safeguards in place to eliminate the potential for fraud and theft, as well as an arbitration system to resolve disputes between traders.

Topics discussed in this episode include:

- The motivation behind Bitsquare
- The Bitsquare client and user experience
- A walkthrough of a typical trade
- The mechanics of the order book
- The fiat currency transfer mechanism
- The current and future arbitration process
- Manfred's thoughts on DAOs
- Bitsquare's product roadmap 

Links mentioned in this episode: 

- Bitsquare Website: http://bitsquare.io
- Bitsquare Whitepaper: https://bitsquare.io/bitsquare.pdf
- Risk Analysis: http://bitsquare.io/risk_analysis.pdf
- Arbitration System: http://bitsquare.io/arbitration_system.pdf
- Github Repo: https://github.com/bitsquare/bitsquare

Sponsors: 

- Jaxx: Wallets that Unify the Blockchain Experience Across Devices http://jaxx.io


Show notes: http://epicenterbitcoin.com/podcast/140
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-140


Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
 
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