We shouldn’t wait for established exchanges to approve our coin for a large fee. We should set up the exchange ourselves. It could be a “meet in person” exchange, an exchange on the internet, or both. It could be a combination of localbitcoins.com and in-person meetups. Here are some of my ideas.
- Regular meetups in places where a lot of community members are. Once a month, people could meet up to buy/sell MAID for the local currency or BTC. It could be combined with a marketing event.
- Is it possible to set up a decentralized internet exchange for forum members? That’s probably a lot of work.
- People who want to buy/sell MAID could post craigslist style ads giving their location. There could be a mapping function that is searchable so you could see on one map all of the buy/sell offers, all over the world. The trade would be done in person, with the internet as a facilitator.
As our community grows, this idea will start making more and more sense.
The brutal truth is, any exchange that we don’t control will probably let us down when we need it the most. Withdrawals will be halted, trading stopped, rules changing, the works. If we want to have a currency that embodies freedom, it wouldn’t be a bad idea to be independent and have our own exchange.