Ok, well the private keys are probably not restorable, but something should be done to pay back people who have suffered because of this.
So MtGox is too big to fail and there should be "super users" who have the ability to generate hundreds of thousands of new coins by decree? You have just reinvented the existing banking system. Bitcoin was suppose to be digital gold. If a ship carrying 750,000 ounces of gold for a depository sunk in irrecoverably deep water and the depository was uninsured you couldn't just magic up another 750,000 ounces of gold. Any hard fork or alteration of the core bitcoin rules essentially has no chance of consensus and if it did it would undermine all the touted benefits of Bitcoin. Yep. If a hard fork was done to print more coins, i would definately leave Bitcoin... Some rules are meant *not* to be changed. You can't just print gold out of thin air. Bitcoin is the new gold. An action like this would literally destroy Bitcoin. |
|
|
|
I see that some people (not talking about actual Bitmarket.eu users) have too much time on their hands, it's kind of sad.
What is sad is that you played with people's money on a Stock Market, lost it and expect that nobody cares. You just proved my point. No money lost, loudest of them all. Don't you really have anything better to do than posting insults here? You still didn't get it. You are right, this post was a waste of time. |
|
|
|
|
This is an excellent week for Bitcoin.
The death of MtGox (FINALLY !) is great news alone. There are more adoptions, more good news from previous adoptions. I don't see much bad news actually.
The transaction malleability was a minor bug. No other exchanges except of MtGox were affected.
|
|
|
|
I see that some people (not talking about actual Bitmarket.eu users) have too much time on their hands, it's kind of sad.
What is sad is that you played with people's money on a Stock Market, lost it and expect that nobody cares. I mean, WTF is wrong with you ? Shut up and get some humility, since you currently are a fraud and con artist. (I really hate insolent people). |
|
|
|
OH FINALLY, THEY ARE DEAD ALREADY !! I couldn't wait. They spoiled enough blood.
|
|
|
|
After studying your posts on these forums, I am fairly certain that you have the skill. The question is, whether you want to do something with it, or just keep discussing the topic ?
Honestly, I just don't need it, so I don't really feel the urge to create such a thing. (...) Still I believe it can be done and since it can be done, someone will do it one day Ok then, so you prefer to sit and wait for someone to do it for you. Wow So laziness Much not giving fuck Such a shame Wow Wtf maybe you should contribute something on your own (code, money) instead of telling other people which type of unpaid work they should do for you in their free time. WTF, I already did. Look at my sig, genius. And that is NOT what I am talking about. I am actually criticising piotr_n for coming to this thread and complaining, instead of coding it himself. And (as he confirmed himself) he could actually do it, he just does not care. I cannot code CoinJoin anyway, too complex for my skill level. |
|
|
|
After studying your posts on these forums, I am fairly certain that you have the skill. The question is, whether you want to do something with it, or just keep discussing the topic ?
Honestly, I just don't need it, so I don't really feel the urge to create such a thing. (...) Still I believe it can be done and since it can be done, someone will do it one day Ok then, so you prefer to sit and wait for someone to do it for you. Wow So laziness Much not giving fuck Such a shame Wow |
|
|
|
Yeah, but I'm just saying that it's pretty worthless if they store the logs. And if they don't store the logs... well, that's probably illegal, at least in US and Russia  The only safe CoinJoin solution I see is p2p based, with some tricky encryption. But still I think this will never beat services like bitcoinfog, assuming that they indeed remove the logs as they claim. I mean: you deposit your money and withdraw ~98% of it, while your deposit is still unspent - destroying a log at this moment leaves absolutely no traces and it's actually a perfect "privacy for the real world". Though it has two big disadvantages, over p2p coin mixing: 1) You need to trust the service to really destroy the logs 2) It doesn't come for free. So I also find CoinJoin as a nice and possibly useful project, but IMHO centralizing it around a server would just defeat the purpose. Not to mention that it would be dangerous for whoever runs this server. Piotr_n, you seem to be an intelligent and experienced low level (C++ or lower) programmer. Wouldn't it suit you better simply to write your own CoinJoin implementation instead of just talking about it ? After studying your posts on these forums, I am fairly certain that you have the skill. The question is, whether you want to do something with it, or just keep discussing the topic ? |
|
|
|
I am planning to rename the project to BitSquare (bitsquare.io).
Not bad. But what about bitswap.io ? Anyway, at this point in the project development (almost) any name you choose will be OK. People will simply get used to it and with time they will associate the name with the function it created. |
|
|
|
good analysis. not many people are reading between the lines or thinking that far ahead. history teaches us much.
So i guess we need this (and CoinSwap/CoinJoin/CoinControl) in reference client ASAP ? Would it be difficult to do ? |
|
|
|
You mean not being able to go to a bank give them cash and bank details and expect them to transfer it I hope? Like an anonymous deposit? Or can you just not send money to people via bank transfers at all? I can't believe this is true?
The only person authorized to deposit money into an account under the new rules is the account holder. You can make a bank transfer, but he (or she) must explicitly authorize it ("deposit it") to get into his (or her) account. I think the idea was to close the "I don't know nothin' about that deposit, where did that even come from?" defense for people who've gotten money from sources considered illegal. There can no longer be a deposit unless you specifically authorize that particular deposit or you specifically authorize that particular person or business to make deposits directly into your account. Is that only for certain banks in the US or does that apply to all? Crazy, luckily I live in the EU and not in the "land of the free". Well, in the EU we have the "Cyprus business" (HINT: EU plans to allow the Cyprus way in any country), so that wasn't very lucky comparison. |
|
|
|
This is good but one obstacle in the USA is how to get funds into the other person's bank account. Chase is already making it so you are not able to deposit cash into someone else's account,
By normal wire perhaps ? Wires aren't blocked AFAIK. Only direct deposits. Collateral should be greater than amount in exchange. If they exchange $1000 for 1 BTC, collateral should be 2 BTC. So when Bob receives $1000 it's cheaper for him to unlock collateral (2 BTC) than to keep 1 BTC worth of product (cash in this case).
Collateral can obviously depend on the trust level between participants and other parameters/circumstances. |
|
|
|
|
After preliminary analysis, this idea seems pretty amazing !
Who needs Ripple, when you have Bitcoin !
|
|
|
|
Sweet. Historic. Go Amir, Go!! O_O. Truly epic. |
|
|
|
|
I wonder...
- Is the author even maintaining/supporting this project in any way ?
- Does this thing even work ?
- Why did first post get deleted ?
And NO, i do not want to read-through all hundereds of posts to find this out.
|
|
|
|
Zerocoin is also cool, but CoinJoin + Coinswap should theoretically provide the same thing without unnecessary bloat. Anyway - the more, the better. We need competition in everything. I dream about living in voluntaristic or semi-voluntaristic society, where you won't have to pay taxes if you don't want to (however most people still will pay taxes, but because they **WANT TO**, not they are **FORCED TO**). Freedom FTW. |
|
|
|
Pay your taxes people.
I'd say don't convert to fiat, don't pay taxes, stay happy! I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things. Just pay your taxes. Yes you also have to pay capital gains when making a purchase. Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity. Yeah bastards reported my eBay sales. They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man. Enough of this foolish conformist bullshit. We can use CoinJoin, CoinSwap, CoinControl. We can use GPG. We can use Truecrypt. If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins. Charlie and DPR said things like this until they had them in a federal holding cell. Then they probably weren't very smart. And DPR was a complete and utter idiot. Both of them (and especially charlie) were a public persons, so they should be more careful of what they do publicly. |
|
|
|
Pay your taxes people.
I'd say don't convert to fiat, don't pay taxes, stay happy! I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things. Just pay your taxes. Yes you also have to pay capital gains when making a purchase. Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity. Yeah bastards reported my eBay sales. They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man. Enough of this foolish conformist bullshit. We can use CoinJoin, CoinSwap, CoinControl. We can use GPG. We can use Truecrypt. If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins. |
|
|
|
* ShadowOfHarbringer is watching this. |
|
|
|
* ShadowOfHarbringer is watching this. |
|
|
|
|
Show Posts
