Stellar is DEX… anyone can create a smart contract over any currency and should you want or not to use my anchor GRIN is still tradable… I am suggesting my anchor to save a few steps but you are free to issue your own GRIN on stellar, lock them in an escrow account with lock time and baching and should you and your buyer conditions be met, have the escrow release to - or refund – both of you… What has it got to do with the total supply and me missing any point (I don’t even have to be involved, do I?
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Besides…you set your own price against whoever you want… the marketprice of listed offers has nothing to do with your trade with cryptotrader… why so much confusion here over so simple things?
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Exchanges offer 3 4 things: liquidity, shifting the trust model and match making… and shifting the fee stucture
currently 2 3 of those things are not happening by your platform; while shifting the trust model is still on the table its the only thing your offering at the moment.
If we meet outside your exchange it doesn’t make much sence to use yours, as your fee structure exists ontop of the trade plus the trasactions fees double dip to get it on and off the exchange.
It seems I took a risk to get cheap coins and got burned; but I took precautions using a smaller amount first and I would make this trade again and again, maybe waiting a bit for more reputation next time
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You must be doing it on purpose or really you are confused… I do not own/have/operate an exchange. I have an anchored currency. You can trade GRIN via grinpay or anything you choose to use even yourself for that matter. And you obviously trade directly with cryptotrader, not via the list of offers on the DEX. The only payments and transactions are between you and cryptotrader. It has absolutely nothing todo with total supply of current listed offers (that’s not your business basically), nothing to do either with the liquidity.
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Just because your situation is complicated doesn’t mean I’m not going to compare you to your competitors or call you by a different name.
Of the 4 factors I’ve listed the dex is the same as exchanges in 3 of them, the trust model shifts to be more about tech then “hope this exit scam doesn’t blow up in the next few hours”
Take bisq for example, of the 4 factors bisq is effecting 2 of them in weird ways and isn’t doing 2 of them, at least not really; so it is its own thing.
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Ok concretely, let’s say you would have used a multi signatories account between you and cryptotrader (no one else involved) - you would not have given him one chance to steal your Grins. Now I suggested grinpay - however stellar being what it is (no control on listings) I have no exclusivity on anything there.
And what many don’t know is that all this can be done in 10 minutes from few lines of javascript code or in the Stellar labs if not coder (https://www.stellar.org/laboratory/#txbuilder?network=public).
Now on the trust shift this is not entirely accurate. In your trade with cryptotrader, he can easily repudiate the payment you made to him. He can claim on the forum that you never sent the Grins and it is his words against yours. That is a major difference with an anchor not redeeming your grins because in the anchor case it cannot repudiate the trade. You would be able to easily prove your ownership of X grins that this anchor never redeemed. The anchor (be it mine or yours) would never be able to deny that fact (immutable blockchain proof). So, this is not just about trust shifting, it is about the core of what crypto brings to the table.
And all this is better than taking the risk to get burned in my opinion.
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You misunderstand my end goal.
I’m was taking a risk on making an extremely valuable contact, not a single trade; someone selling at 30% below market price is looking to dodge kyc and tracking; something I more then happy to enable. Probably a miner dodging taxes in china or other socialist hellhole.
I know how to mix coins, I can setup tor messagers etc all while I will play with exchanges and dance around chasing volume and prices.
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Sure, I can understand the risk may be worthy as his 0.0008 price was clearly interesting. However, I was suggesting that a more secure trade execution was possible at that specific OTC price using an anchored GRIN (especially for you since you are on the buyer side).
Quis custodiet ipsos custodes? (who will guard the guards?) It all boils down to this at the end…
For most Grin owners the entry point in the trust loop is either the mining pool (trusting that it will not be cheating them on the shares) and/or the exchanges (trusting them to redeem their Grins) anyway so we are already far from the crypto paradigm.
Nothing can ever be perfect, even for the solo miners out there (provided they have enough power to grab a few grins before the end of times ticks) we could argue to them that obsolescence – as it did for the Newton laws – may hit the theory of entropy, denying strong cryptography yet another day to live… more concretely an algorithm solving ECDLP in polynomial time could be found overnight and bitcoin in trouble…
All this to say there are ways to add a few layers for safer trade execution while still trading at OTC market price 
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334mil
Is there a Wallet right now!?
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cryptotrader Hi. I want to buy
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According to legend, Cryptotrader scammed people and disappeared with the money. Not recommended.
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thats shit, id think evn tho u msg the buyer u still use an independant third party.
grin network technology developed.
grin network underdeveloped in terms of being a community.
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