Re: [bitcoin-dev] Civ Kit: A Peer-to-Peer Electronic Market System

2023-06-30 Thread Antoine Riard via bitcoin-dev
Hi Chris, Thanks for the review and sorry for the late answer here. > To summarize, assume we have Mary the Maker, Terry the Taker, and Bob the bulletin board operator > > 1. Mary the Maker publishes a limit order to buy a derivative > 2. Bob the bulletin board operator has the option to execute

Re: [bitcoin-dev] Civ Kit: A Peer-to-Peer Electronic Market System

2023-05-09 Thread Chris Stewart via bitcoin-dev
>In traditional finance, front-running is defined as "entering into an equity trade, options or future contracts with advance knowledge of a block transaction that will influence the price of the underlying security to capitlize on the trade" [0]. In Bitcoin/Civkit parlance, a front-running could

Re: [bitcoin-dev] Civ Kit: A Peer-to-Peer Electronic Market System

2023-05-01 Thread Antoine Riard via bitcoin-dev
Hi all, One of the most relevant feedback I received on the paper publication was the lack of underscoring front-running resistance as a fundamental property wished for a peer-to-peer marketplace. It is expected the level of front-running resistance aimed by the market participants to be heavily

[bitcoin-dev] Civ Kit: A Peer-to-Peer Electronic Market System

2023-04-13 Thread Antoine Riard via bitcoin-dev
Hi list, We have been working since a while with Nicholas Gregory (Commerce Block), Ray Youssef (the Built With Bitcoin foundation) and few others on a new peer-to-peer market system to enable censorship-resistant and permissionless global trading in all parts of the world. While the design aims