I've written a post about an application I'm thinking about (establishing ownership of digital artworks) https://bitcointalk.org/index.php?topic=317090.0reading more about colored coins suggests to me that it is the right tool for the job. My question is how far along is this project? Does useable software exist? How do I learn how to use the system? |
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I've never had issues withdrawing coins from them. In fact they show up on blockchain almost instantly.
Can you still receive deposits? And you have tried transfering just a small amount?
I've never seen that message. Their support response can be slow (a day or two) but they do get back to you.
Write them.
I know its easy for me to say, but try to relax. Many people have had a great experience with them. You haven't lost your coins.
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One big issue in the art world right now is buying and selling digitally-based media. While there are some interesting efforts made to address this issue ( http://www.ifnoyes.com/ ), often artists resort to making some kind of physical output or embodiment of digital code (an object) that can circulate more easily within the existing strictures of the art market. ( http://paddle8.com/auctions/paddleson ) I am interested in developing a method or system where a contractual ownership token or message can be embedded with a blockchain transaction. This way an artist working digitally can present the work in its native form (on the internet, for instance), yet still have a mechanism to sell it to a collector who would have a verifiable and secure way of showing ownership and transferring ownership to another party. My idea seems related to Contracts ( https://en.bitcoin.it/wiki/Contracts ), colored coins ( https://bitcointalk.org/index.php?topic=305042.0 ), and maybe even smartcoin ( https://github.com/jgarzik/smartcoin ), but it is difficult to know where to begin. Is it about message embedding? ( http://bitcoin.stackexchange.com/questions/2631/what-are-the-key-differences-between-different-ways-of-embedding-messages-in-the ) But ones that would persist across transactions? Or is it about developing essentially a custom wallet that would create specialized, contract-like transactions? I've even thought of Ripple and creating custom currency that would be "backed" by the artwork, like what TTBit did with DYM ( https://bitcointalk.org/index.php?topic=149533.0 ) I am a digital artist and an academic, so this is a creative/research interest I'm trying to develop. More experiment and proof-of-concept than entrepreneurial startup. I'm an OK coder but I wouldn't call myself a developer. Any ideas, suggestions? anybody want to collaborate? Let me know. |
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Gives me reason to waste time on this?
Your loss. This is the introductory text: "Below is the first public version of a new work I have just written on Bitcoin and monetary theory. It addresses in a more systematic way than I have before issues relating to the interpretation of the origins of Bitcoin in terms of the monetary regression theorem and the application of some central integral-theory principles to monetary theory. Bitcoin has arisen as an entirely new and unexpected market phenomenon deserving of fresh treatments. Its arrival also provides opportunities to dig deeper into theoretical fundamentals themselves. While this work can be viewed as part of a much larger project in progress, I also have the sense that it can stand alone. The title, On the origins of Bitcoin: Stages of monetary evolution, acknowledges the inspiration of the classic 1892 work, On the origins of money by Carl Menger, a landmark in the development of the market-evolution account of the origins of media of exchange and money. This “Austrian school” or “Vienna school” approach contrasts with what I dub the state-creatationism theory of the origin of money. It also contrasts with the tempting but unsatisfactory view that money is merely a “social illusion.” In a nod to the software world out of which Bitcoin has arisen, I call it a first public beta, meaning that, while refinements are always possible and likely, I think the central intended functionality has been implemented. Revised versions and formats may follow." He ignores another origin theory. That before there was money there was debt. See David Graeber's "Debt: the first 5000 years." |
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Why do people keep seeking reason?
Why not just enjoy this. Theorem here theorem there, unimportant. Though there are some parts that I like.
You can be sure that the creator/s of Bitcoin knew some theorems. They come in handy sometimes. |
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The lack of funds on bitstamp has been happening for the last day. This may give an insight into how much volume bitfinex brings to bitstamp. Look at the volume: http://bitcoinity.org/markets/list?currency=ALL&span=24hmove between 24h and 3 days. See that bitfinex is 3.5% higher and bitstamp 3% lower in the last 24 hours vs the 3 day view. so that would be something like 1/6th of bitstamps volume could come through bitfinex. possibly |
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Bitfinex is currently cut off from buying on bitstamp because of a lack of exchange USD funds there. Buys can only happen on bitfinex's internal market.
Right now there is a $4 per coin difference to the upside at bitfinex -- 207 vs 203. (along with a 250+ coin bid at 207...)
Its unusual to say the least to see this much of a spread between the two exchanges.
people want to buy on bitfinex.
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what the hell is going on at Gox? the green is just scrolling by.
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No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.
If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex. Hell, at that price you could just buy the coins thru localbitcoins. |
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....employers .....
There's your problem right there. Talking to investors is better |
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You would need to do margin trading -- that is:
-borrow USD based on your BTC holdings
-use that borrowed money to buy BTC
-if/when the price goes up, close the margin position by selling the coins purchased with borrowed money.
-use the USD profits to buy some new coins to expand your holdings
-that new enlarged position is the basis for further USD loans.
You pay a daily interest charge on the borrowed money (that charge is called 'swap'). If the coins go up by a bigger average daily percentage than the money you borrow (plus exchange fees in and out of the position), then you make money. If not, you loose money. This is leveraged trading so you have to be careful, you can loose a lot if you are not careful/lucky.
This type of trading can be done on bitfinex.
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-- Volume information (which is so far mentioned as a raw number), plus a history graph of volume, plus a representation of which share of volume comes from bitstamp trades vs. bitfinex "internal" trades.
a little of this can be found at http://bitcoinity.org/markets/list and http://bitcoinity.org/markets/bitfinex/USDAnd here is the ultimate feature request: Add btcchina as a linked exchange! All of our bitfinex money is already being held in a chinese if I remember correctly. make a deal with the bank and the exchange to cross link. You would get mass attention if you did that I think. |
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Back in 2007 a girl at my work shows me the Apple Itouch. I am floored at this thing, the browser touch screen was just amazing. 1st thought was that the app store would be a printing press and that buying Apple stock a total no brainier. BUT NAH I look at the price and see $180 and think I can't own enough stocks @ $180. Todays price: $519
after coming down from $700 |
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If you are short on cash but long on confidence there is always buying on margin. Jack it up my man!
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CNY has gone up almost 2% in just the last 60 minutes or so.
it's like watching an odometer on a road trip.
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BTCCHINA is at 215 USD/BTC now! Gox at 198, Bitstamp at 188.
It's like falling into a black hole, the head just accelerates faster and faster compared to the rest of the body..... |
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1300 cny any second now.....
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