as far as I understand, tmbp. what you ask for here is what ripple's IOU system is supposed to do. they aren't very good at the "for dummies" (no offense) explanation of this system, but you should check it out. If it gets wide adoption, I believe it can supply just what you are inquiring about. people confuse it for being merely a bitcoin competitor (note the extensive FUD regarding it in these forums), but it seems to aim for being more of a side-by-side technology to facilitate decentralized credit within the bitcoin network. http://en.wikipedia.org/wiki/Ripple_%28monetary_system%29I still don't wholly understand it, but that's never a good reason to knock it. as far as I can tell it may prove to be very valuable once bitcoin becomes ubiquitous. it is interesting to say the least. |
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it is a classic pyramid scam. dont waste your BTC. also, most likely is an attack site and will give you malware that robs your wallet. tsk,tsk, & reported.
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difficulty level would just increase accordingly. there are already more than 51% of bitcoins in circulation. so if some illuminati star chamber was even able to create the worlds greatest quantum computer over night they would only get the remaining unmined coins, and not be done until 2140, by which time the foundation could fix the whole problem, no doubt. stop worrying and go hunt some wasskaly wabbits!  |
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Bitcoin needs to take its meds. Its acting bi-polar.
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Ladies and gentlemen, Elmer FUD has left the building.  |
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this looks great, I can't wait. I'm not really tech-savvy enough to be much help with the testing, but I await eagerly for the release!
I am however mulling over the idea of a fire and water proof envelope w/ lock suitable for safely storing paper wallets at home. maybe with a magnet for hiding under or behind stuff, similar to those house-key hider-thingys. I saw it in a dream the other night, oddly enough, but it could be a nice real-world accessory. paper presents its own vulnerabilities, and strong boxes are just hard to stash and an invitation to theft.
i should probably begin by searching camping supply places, something like I described could already exist. still, you could probably market a branded "Armory" one for the die-hards ;-)
keep up the good great work!
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I'm hoping those twins are seriously considering opening a fully licensed US based exchange. They would probably be able to actually do it correctly, legally, and they would stand to make even more money than they have now. The estimates I have seen for the cost of starting an exchange, following all the rules, is only 25 million. their btc holdings is about half that now, I'm sure they could raise the remainder. That's what money guys like them do. We will see what they have to say at the big conference this weekend.
There is a lot of VC money looking at btc, let's hope they see opportunity while the rest of us penny-ante dreamers wallow in FUD
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just a load of FUD  |
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nevermind, i got the btc back. still confusing tho. i mostly found it odd/difficult that I could only get IOU credit and not actual ripple. plus, how do i know the exchange rate for this type of transaction? I would imagine you could sell a lot of XRP if you figured this out, yet you might also pay out a lot of btc. i dont think i like this system very much, feels like you want people to buy in (IOUs), but not really cash out (btc). although I want to hold XRP, I still want to access it easily, plus I want XRP, not an IOU.
It would be good if you can make this way easier to understand, i.e. what is the value of holding IOUs, or even the elusive XRP? all i was able to do was move a tiny amount of btc back and forth from my wallet-to bitstamp - to ripple (in the form of IOU only, by the way) and then back to bitstamp then back to my wallet. plus i got totally stressed out for about 1/2 an hour.
i understand i am probably not "getting it" but I'm not completely stupid (maybe slightly above average intelligence) so if I am flummoxed by this system, you guys need to do a LOT of work on explaining it to about 60% of your potential user base.
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Ok, so I got my 50K coins from the giveaway, now what? I thought they had a community that I could lend to and be paid back (idk if with interest or not, can someone shed light on this?) and earn security points or whatever so that people knew I wasnt a scammer, but from looking at the website, it doesnt seem like there is any place to do this. So what can be done with them?
The point of the giveaways is to allow you to create an account, fund transactions, and test the system to see how it works. Real world applications are still pretty limited but, hopefully, growing rapidly. We're promoting Ripple as a payment system like PayPal or mailing someone a check. Using it for community/personal credit is possible, but not likely to be significantly useful in the real world for awhile. While we are working on eliminating a few of the step, the basic way you use it now is like this: 1) You create a Ripple account. 2) You open an account at a gateway (currently WeExchange or BitStamp). 3) You configure your Ripple account to trust the gateway to hold some amount of money for you in some denomination. 3) You deposit funds of some sort with the gateway. They could mean you send them Bitcoins, dollars, or any other currency. 4) You "withdraw" the funds from your gateway account to your Ripple account. You now hold "IOUs" from the gateway in the Ripple system. This works much like a bank balance -- if you have $50 in the bank, that means the bank owes you $50. 5) You can now send and receive money by exchanging your IOUs on the Ripple system with anyone who is willing to take them. You can exchange currencies, switch to IOUs from a different gateway (if that's what you need to pay someone, for example). 6) When someone pays you $50, they do it by making your gateway owe you $50 more. When you pay someone $50, you basically make your gateway owe you $50 less and their gateway owe them $50 more. If you trade USD for Bitcoins, you wind up with your gateway owing you Bitcoins on the Ripple network. 7) If at some point you want to get some of these currencies out of Ripple, you command your Ripple account to withdraw them into your gateway account. 8 ) You can withdraw funds from your gateway account using any withdrawal method the gateway supports. For Bitcoins, for example, they'll transfer them to any Bitcoin address you specify. This is exactly how exchanges work now. You deposit USD at an exchange and have USD in your exchange account. For the exchange itself, you and someone else swap exchange IOUs so that the exchange now owes you Bitcoins instead of USD. You then withdraw the Bitcoins from the exchange account. Same thing, though there are a few extra steps right now. The basic idea is that because some people have withdraw on demand agreements with a gateway, they'll value those IOUs at very close to face value. That will make everyone value those IOUs at close to face value. I am having some trouble understanding how to use this. regarding step #7. i funded X amount of BTC to bitstamp, then I sent that x btc to ripple wallet. I was credited same amount of btc as a credit (i actually wanted XRP) so i went to bitstamp and saw i still have the same amount of btc available(?) I withdrew it to my personal btc wallet. nothing happens. I hit "cancel at bitstamp and voila, transaction goes through. over at ripple it still says i have the credit, at bitstamp my account is empty, and i have no btc incoming to my wallet. i am not enjoying this experience. please help. |
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what kind of fees will google users be looking at?
I cant imagine they'd offer this for free.
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tinfoilhat in me says "google in bed with HLS"
anarchist in me says "Hackers, man your battlestations"
gogle's adsense machine has proven very easy to exploit for fraudulent purposes, hopefully their wallet and google-pay will suffer similar blows. ofc, it is extremely difficult to find usable info on adsense click-fraud... they do control teh internets you know.
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They should call it gPay
How about just call it Gay. edit damit your quick hehe, my hatred for the google-man makes me strike like lightning |
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They should call it gPay
how bout just "g-ay"? |
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Ding dong.
That is all for now.
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high intelligence and being adept with any sort of technology have always been valuable skill sets. these will usually go nowhere unless there is a balance of emotional intelligence as well. geeks prolly wont rule the world, they will just be standing very close to, maybe hiding behind, those who do.
sorry about your experiences at highschool. you've got to let it go, man.
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don't get me wrong, I understand how gambling works, but aren't certain transactions on satoshidice internal? I wish I had a link to the conversation, but I heard that they plant a certain amount of bets against themselves, again, why, I don't know... anyway, it wasn't me who won, so who cares?
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how is he "crazy"?
besides giving quite a clear and informative report on the jalapeno miner, he manages to make the article self-deprecatingly humorous and entertaining to read. I'm not sure what you expect from an internationally known technology magazine, but I think he did an ok job. Of course, if you have a massive hate on for BFL then you are going to be hating quite a lot of news when they begin to ship in earnest, which looks like is starting to happen.
just tell me you DON'T work in the mental health field, please. This would not really surprise me, but worries me just the same.
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your chart makes it painfully obvious that this upwards trend is going to result in a crash by midnight. (then upward trend again, then crash, then repeat)
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che bragh. that's a "boiler-plate" robo-letter. they dont get back to you, and most likely will not reinstate your account. I got v& from google adsense last year, and I imagine ebay works the same (indiscriminate ban, no explanation, appeals are useless)
Etsy allows bitcoin, including transactions in btc. take your business "down the street" and F*&K EBAY!
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