lol me too

How do bitcoin processors process their bitcoins?
Do they just go to various exchanges and drop their bitcoins or what?

I was thinking, would it be possible for them to sell some kind of financial instrument that let people buy their bitcoins at some price lower than the current/last price before they actually have those bitcoins? I mean something like a bitcoin "bond"..

It could work like this: the processor expects to reach some specific amount in the next x time period, they checkout the order book in some exchange and they know that if they sell those bitcoins they would obtain (obviously) an amount much lower than the "last price", so instead of market-selling, they create a public offer for bonds so people could buy Bitcoins at some price lower than the current market price (or best ask) of some specific exchange BUT higher than the price they would obtain if they market sell.

Seems it could result in a win/win situation since people how buy those instruments are going to get a better price for the bitcoins, and the processor would obtain more fiat, AND also the market would be more stable

But I really don't know much about economics, so please tell me what do you think.

cheers

- Brian Chesky (Co-founder, CEO of Airbnb)

I hope not, they have an awesome stock of laptops

Gyft?

You forgot $10,000,000.

I am not sure if you were quoting me in any form... I never said it would be easy, what I did say is that no part of Bitcoin's protocol (except well, the bootstrapping process) should be based on centralized protocols/infrastructures. Also, in my opinion OpenPGP WoT is actually pretty good (especially with SKS) and there already is at least one project implementing cert validation through it (ie Monkeysphere).

And maybe my memory is failing really bad but I was talking about Moxie's Convergence, that is nothing to do with DNS.

PLEASE STOP USING X.509

Implementing BIP 70 means centralizing part of Bitcoin's infrastructure by using an archaic protocol/specification full of patches (or "extensions") to try to make it look better... just don't do it, it would be an epic failure for bitcoin

In my opinion there are a lot of much more important things to improve before something like BIP 70, but if you really want it then at least do something like Convergence, or implement a distributed WoT with a more transparent/easier key signing.

gox vs stamp

I believe most people here use e-mail, and many others use irc...

an usenet newsgroup would be better, someone should create comp.bitcoin or alt.bitcoin 

stopped reading

Well, you basically may spend your coins almost anywhere if you ask on #bitcoin-otc

There is already an old thread by Hal about this curve: https://bitcointalk.org/?topic=2699.0
I always been intrigued about why Satoshi choose secp256k1, Bitcoin is the only software I know that use it.

But now we have Ed25519...

i am ok with troll posts in this subforum, but troll threads? that's too much, even for me... please move along, there's nothing to see here

"eBay UK to Allow Sale of Virtual Currency", I thought people could already sell wallets inside usb drives

the order book / depth chart is broken for (at least) mtgox:

http://www.reddit.com/r/Bitcoin/comments/1vd0yu/cryptocurrency_ban_in_russia/
I really hope this bill doesn't pass...

aka descending triangle

too obvious?