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141  Alternate cryptocurrencies / Altcoin Discussion / Conditional Coin (Ccoin): The decentralized trading coin on: July 01, 2013, 09:33:20 PM
The sole purpose of this coin would be to allow for decentralized trading across the crypocurrencies.

Any transfer of the Ccoin would be conditioned on certain activity happening on another crypto network (bitcoin,litecoin,...) being observed first before the Ccoin can successfuly be sent from address A to address B.


Here an Example as to how this would lead to decentralized trading:

Suppose user B wants to purchase one Ccoin for .1245 BTC.

(1) User B Post's a message on forum/marketplace with his Ccoin Address

(2) User A is willing to transact.

(3) Using the Ccoin client, User A sents 1 Ccoin to User B's Ccoin address, with the following condition: 0.1245 BTC must be observed on bitcoin network being transferred to User A's BTC address.

(4) The conditional statements are all required inputs before coins can be sent. If statement is not met within a certain amount of time (could alse be user input variable), the transaction is invalidated and coins go back to User A's wallet.

(5) User A alerts User B of the pending transaction, which can be observed as verified by the network awaiting conditional statment to be met.

(6) User B sends .1245 BTC to User A's address, network verifies BTC transaction and CCoin network releases coins to User B.

This entire exchange is done with no centralized third party. Ccoins will gain value due to their exchange ability, and as crypocurrencies begin to trade against it. A user could convert litecoin to bitcoin by first exchanging litecoins for Ccoins and then doing another exchange of the Ccoins for bitcoins.

What do you guys think?
142  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work on: July 01, 2013, 04:00:33 PM
So SunnyKing? I guess my idea wasn't so crazy after all? Will proof of work look similar to this:

https://bitcointalk.org/index.php?topic=166218.msg1734858#msg1734858
143  Bitcoin / Project Development / Re: Operation Zimbabwe on: April 30, 2013, 02:35:21 PM
Some updates:

The cell service used in Zimbabwe is Econet. Everybody uses buddie recharge cards to reload their phones in $1 increments. If there were a way to pay for these recharge cards online, I think we might have a break through! Researching this online but let me know if you guys find anything Smiley
144  Bitcoin / Bitcoin Technical Support / Re: Running programs written in Python on: April 29, 2013, 11:02:33 AM
Man none of this stuff is working for me, I installed python33 and it keeps giving me errors. Can someone ELI5 how to pull data from btc-e. Willing to tip for your efforts.

I didn't link to python 3.3 above, so "none of this stuff is working" would not be stuff I posted. Most python programming is still done on 2.7, because libraries for 3+ are limited.

Gotcha, thanks for your time btw. Sorry I'm a bit frustrated because I always suck at learning a new programming language. Once I can get a somewhat complicated programs running I can usually figure everything else out. Only thing I've been able to do so far in python is "Hello World" Sad

Is there like a simple programs to just pull the last traded price from btc-e that I can try just for a test? I want to see if I can run an interactive program.
145  Bitcoin / Bitcoin Technical Support / Re: Running programs written in Python on: April 28, 2013, 11:19:44 PM
I would suggest that if you don't have the skill to read arbitrary code from the Internet and understand it, especially if the author is targeting Bitcoin users, that you do not run such code on your computer - it could as easily have obfuscated "upload wallet.dat to hacker" code.

The code snippet you linked is for executing a trade on btc-e, you must do more than just click on it, it requires your api key and secret key be added to the code, and you must use command-line parameters to specify what currency and type of order you wish to execute. It says that on line four of the code. Original thread: https://bitcointalk.org/index.php?topic=97359.msg1075244#msg1075244

All that is needed is to download and install Python. For Windows: http://www.python.org/ftp/python/2.7/python-2.7.msi

The code only requires standard libraries, but you may find other advanced code that require other common-but-not-included libraries, such as greenlet, twisted, zope, boost, etc.

Here is some code which takes command line options; try saving this as example.py and running it from the command line. Master this first:

import sys; print ' '.join(sys.argv)

Man none of this stuff is working for me, I installed python33 and it keeps giving me errors. Can someone ELI5 how to pull data from btc-e. Willing to tip for your efforts.
146  Bitcoin / Bitcoin Technical Support / Re: runnign python on: April 26, 2013, 09:05:55 PM
You would need the Python interpreter, it comes as an installer or zip, I recommend the installer. There is a 32-bit version and a 64-bit one, use whichever suits you. That should be all, unless that script depends on modules not part of standard Python.

http://www.python.org/download/

The Python installer associates .py files with Python so double clicking will execute them, or you can do it the old fashion and recommended way

Code:
python mypythonfile.py

Ok I executed the code, and the black screen appears and disappears. How can I determine if something actually happened? Can you send me a sample code that actually does something that I can see? Even "Hello World" but something that pull back from btc would be nice. Thanks.
147  Bitcoin / Bitcoin Technical Support / runnign python on: April 26, 2013, 07:06:56 PM
Ok so lets say I just want to copy/paste and use this script: http://pastebin.com/Xu64wH1e

What do I need to install in order to execute python code? I'm working on a windows machine.
148  Bitcoin / Bitcoin Discussion / Re: Let's brainstorm remittances on: April 26, 2013, 03:20:32 PM
One of the truly world changing potential outcomes of Bitcoin is remittance of money to 3rd world countries.

Currently people from poor countries working in rich(er) countries face difficulties sending home money, which is usually the main reason for their being overseas in the first place.

The typical scenario is someone working as a maid, construction worker or cleaner or other service job and sending money home on a usually month by month basis. Typically they face very high costs to this transaction.

Here's an example with Western Union, numbers taken from their website, and I choose the UK as the sending country which might be a kind of "typical" case (the US will usually be a bit better than other sending countries, but I'm sure it varies).

Remitter wants to send 100 pounds sterling (GBP).
Current exchange rate on Google is 1GBP = 63.81 PHP (Philippine peso)
Western Union charges a flat fee of 6.90 GBP. So you are actually spending 106.90.
Meanwhile they're using an exchange rate of 62.50 instead of 63.81. So overall you are out of pocket (6821-6249)/6821 or 8.3%.

Of course there are other remittance services and it would be good to hear more information about them. I just looked at www.xoom.com and without doing detailed calculation I can see similar fees - maybe 6% to send a similar amount from the US.

People will of course save money if they send less often, but the nature of being poor is exactly that you have to transact more often.


It would be great to see real world solutions from bitcoin, but right now it seems a long way off. In order to send using bitcoins you need realistically to transact fiat-btc on both ends of the transfer. Certainly in a 3rd world country, for now, there isn't much if any exchange value in btc.

So, do people have any ideas? How can we make it easy for people to receive BTC in, say, the Philippines, and then somehow get that into Pesos for their living needs? Or Africa, India, South America?

I chose the Philippines not just because it's a classic remittance type economy but also because I got involved in some charity work there recently and would love to help out with a project there in some way. I'm going to have a lot of free time over the next year so let me know if you're involved in something and need a hand.


I am trying to do a similar thing here:
https://bitcointalk.org/index.php?topic=187843.0

And you are right, there need to be more talk about how to do this. My view is that there needs to be a linking between bitcoin and cell phone minutes (minutes is basically an accepted currency in many country where everybody has prepaid phones).

Sending bitcoins to Africa/Philippines/etc is easy..now if purchasing prepaid minutes for a cell phone becomes easy, I believe the technology will take off.
149  Bitcoin / Project Development / Re: Operation Zimbabwe on: April 26, 2013, 03:16:38 PM
Thanks guys for the great ideas.

If there were away for him to purchase minutes with his cell phone with these bitcoins, this thing would rapidly grow as cell minutes are already an accepted form of currency in most of africa. If someone created such a service that worked gloabally, I believe bitcoin would take off.
150  Bitcoin / Project Development / Operation Zimbabwe on: April 25, 2013, 11:30:07 PM
Doing my part to expand the bitcoin infrastructure, I've been working with a young bright student living in Zimbabwe on getting some sort of system set up there.

As a test I successfully sent him bitcoins; now the question is...what can someone in Zimbabwe currently do with a bunch a bitcoins? Are there any products that he could purchase online with bitcoins that might prove useful? I was thinking maybe cell phone minutes or something but I really would like some ideas from the community as to how we get him to obtain something useful with his coins.

If we can figure this out, I believe I can really get this thing off the ground there.

151  Bitcoin / Bitcoin Discussion / Will "satoshi" ever login again? on: April 25, 2013, 12:39:38 AM
Do you think "satoshi" will ever just randomly log in one day and post something?

It seems as if that would be the only way for "satoshi" to ever be proven to be who he is.
152  Economy / Trading Discussion / Re: Setting up BTC-E trading bot in Excel on: April 24, 2013, 02:48:39 AM
Nothing complex is it easier to do n VBA?
Don't bother with VBA (it's bad). I still don't understand why you need excel involved. In fact, I don't even think you need a user interface. A simple C++/C#/python console program can do everything you want.

I see, and how would you recommend a newbie learn to set one up? I can program but no clue where to start
153  Economy / Trading Discussion / Re: Setting up BTC-E trading bot in Excel on: April 24, 2013, 01:38:09 AM
Is it possible to do this? I need 2 things

1) Pull in last traded prices/volumes from btc into Excel updated automatically
2) Update my limit orders based off of the last traded price?

Can be be done?

Yes, it probably *could* be done using a scripting language like Python or VBA, but why?  Do you have some complex formulas that would be hard to port to a scripting language?

Nothing complex is it easier to do n VBA?
154  Economy / Trading Discussion / Setting up BTC-E trading bot in Excel on: April 23, 2013, 06:18:16 PM
Is it possible to do this? I need 2 things

1) Pull in last traded prices/volumes from btc into Excel updated automatically
2) Update my limit orders based off of the last traded price?

Can be be done?
155  Bitcoin / Bitcoin Discussion / Re: The Zimbabwe Solution on: April 23, 2013, 01:41:43 PM
How common are smartphones in Zimbabwe?
If they're not very common yet, what's needed for quicker Bitcoin adoption is something like Coinapult SMS wallet, at least while smartphones are not everywhere.

And, of course, an exchange would be necessary too. I'm not aware of any... is there an exchange in Zimbabwe, or an easy way for Zimbabweans to send dollars to foreign exchanges?

Actually, if the transfer of cell phone minutes is so easy, wouldn't it be possible to build a "cell phone minutes/BTC" exchange, instead of BTC/USD exchange? You would only need to be sure the cell phone operator would not close the exchange account for unauthorized use of its credits.

The transfer time on bitcoins is still way too long to be used very well as a currency.  It can take over an hour to get confirmations of 3 or more and that's just way too long to be practical. I'm sure it can be used some but not that widespread for awhile.

For the great majority of transactions you don't need more than 1 confirmation. Actually, if you know the sender, you don't need any confirmation at all.

This is why I think the way to promote this in Africa is through a cell provider. If we can get a cell provider to accept bitcoins as payment for minutes (seems like the perfect commodity because the cell provider is not dealing in a tangible asset) and set up an app on their phone that releases x minutes per mBtc then I think bitcoins will take off.

Are you aware of Bitcoin Wireless? Perhaps you should contact them.

No I was not aware of bitcoinwireless, thanks for the link. I have a few contacts I message this morning and I will see if I can get them setup with a phone for testing over there. The kids are where all this crap take off. Smartphones are not big in Zim right now...well of the same caliber of the ones we are used to. I like the minutes to btc exchange, I think that would be a good way to handle fluxuating prices.
156  Bitcoin / Bitcoin Discussion / Re: The Zimbabwe Solution on: April 23, 2013, 10:32:24 AM
For example you have 300 minutes of call time on your sim card and you send 100 minutes to your friend.
He will have 100 minutes more and you will have 100 minutes less.
It is only possible if the network provider supports this feature. There is no general code for this feature - depends on your provider.
Is usable in some countries as a kind of micropayment.

This is why I think the way to promote this in Africa is through a cell provider. If we can get a cell provider to accept bitcoins as payment for minutes (seems like the perfect commodity because the cell provider is not dealing in a tangible asset) and set up an app on their phone that releases x minutes per mBtc then I think bitcoins will take off.
157  Bitcoin / Bitcoin Discussion / Re: The Zimbabwe Solution on: April 23, 2013, 10:27:19 AM
Are you referring to M-PESA? I've heard it is very popular in Kenya. So popular that the government had to crack down on its use.


No M-Pesa basically capitalizes on this premise however they transaction fees are quite high for small transactions (6-8% I believe on a $3 transaction)

Lets say you are in Zimbabwe and you need to call someone real quick. You can purchase $1 prepaid slip and call anywhere in the word for a few minutes. These $1 slips are quite popular and everybody on the street accepts them a currency because you can easily liquidate them.

I'm suggesting that lets say a cell phone company comes into town w/a new smartphone that you can buy internet time and talk time on. You can probably offer this service by the minute (Wouldnt work in the states because people require much more). Say you charge 10minutes per mBtc and only accept mBtcs. Now you create a separate service that allow people to purchase mBtcs for dollars. Soon people will associate bitcoins with a way to get time on their phones. You can also have mBtc apps on the smart phone so people can transfer mBtcs to each other to purchase more time.

Time literally is a currency in Zimbabwe so I think it could work. I'm just not sure how to get the cell service side of this thing setup.
158  Bitcoin / Bitcoin Discussion / The Zimbabwe Solution on: April 23, 2013, 02:24:56 AM
Quite a bit I hear Zimbabwe pop up as an adopter of bitcoin.

I am a native of Zimbabwe and I go back there quite often. One thing I noticed last time I was there was the extensive use of mobile minutes as currency. There is no "change" in Zimbabwe, so if you owe someone $1.50, you might give them a dollar and some minutes.

I think the easiest way to get a country like Zimbabwe to adopt bitcoins is to create some sort of cell minutes for bitcoin exchange.

If anybody is interested in exploring this angle let me know. I don't have all the logistics as to how to set it up but I do know people (2 degrees of freedom away from Mugabe) so I'm sure we can bribe our way to get something implemented. I think it would be really cool to have a country adopt Bitcoin as a currency.
159  Economy / Economics / Re: E=m*btc^2 ? on: April 22, 2013, 01:40:20 AM
I see a direct link between energy and currency pretty revolutionary.

Take the problem of negative pricing at certain power nodes, due to the power on the grid constraining the system, that generators will pay a counterparty to take the power the plant is generating.

Suppose you have setup next to each generator a ton of bitcoin mining rigs, that can create "x" amount of btc per MW of generation provided. Generators can optimize their excess power by generating bitcoins with them which can then be sold.
160  Economy / Economics / Re: E=m*btc^2 ? on: April 22, 2013, 01:30:05 AM
The currency value depends on a distributed network that depends on miners that depends on energy. Seems to me that as bitcoin becomes more accepted this relationship will become more important. Any others concur before I spill my guts on the possibilities?

You mean the relationship where the bitcoin price creates a direct target of miners' energy usage, and in reverse, energy usage creates downward pressure on the price because miners have to sell to pay for the same energy usage?




Yes.
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