This guy wanted the govt to have an internet killswitch: https://i.imgur.com/4TYjQRQ.pngRemember, he's a politician - the lowliest of creatures in the moral menagerie. here's hint you cant make such a switch. Sure a part of the internet you could take out but the whole thing. Nope. |
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Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. so if it turns out people only need .0001 MSC to sign securities or something then the demand for MSC falls through the floor This is precisely my question, and it seems in inescapable that, if you need any more than a fraction of any master coin for all functions, and if this is wrong and only certain functions can be obtained by having a certain number of mastercoins, then it opens the way for a competitor to enter the market that any fraction of the protocol coin can do all functions. |
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Be careful how you send it. I ran for office it's a mess you have to disclose and all the crap the FEC has in Washington you have to deal with it's horrible. The best is to create a PAC that can funnel money to the candidates or senators/congressmen you like. The entire process is unconstitutional if you ask me.
I agree it needs to be done right, and we have to be careful. I think I recall somewhere that some politician or candidate in texas was accepting BTC, though he may have been in a grey area. I also recall that some other ruling was given about donations and BTC In any event, the ability for donations from anywhere with ease is something that is important to let people express their approval of various political views. |
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Then the BTC community can send him some funds!
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I am still at a bit of a loss as to why you don't use IOCOIN, it has a good hash 1/5th of IXC and no premine cloud, scam hanging over it.
We have a cooperative relationship right now with I0Coin, in fact I've sent their lead developer some of the bounties for his contributions toward the IXcoin 0.8.6 client. Three things (1) IXcoin has a much higher hash rate that I0coin, IXcoin is right behind Namecoin in hashrate. (2) I really don't know what I0coin means. It needs a rebranding. At least I can say "iExchangeCoin" or "International eXchange Coin". (3) I0coin in market cap is really languishing with the rest of the riff-raff coins. IXcoin is constantly just right at the edge and a little push will take it into serious territory. IO = Input Output, On Off, 1 0, |
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See the link in my signature. I am working on a voting system using Bitcoin.
I think the idea of one person one vote is a bit old fashioned so I do not see much point in it.
But if it was something that was needed, instead of people getting private addresses from the government they would register their public address when they go to vote. Only those addresses listed would be counted.
I am not sure how you would prevent people paying for votes though. That is why I believe your "vote" should be tied to your monetary contribution to the "government".
ok I get it, so you give govt pubic address an any signal (1 coin, 0.001 whatever) on day x = i++ from your registered address... that would work |
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DO NOT SENT DOGECOIN TO COIN-E , JUST LOST ALL OF MY COINS..
DO NOT WITHDRAWL DOGECOIN, FROM COIN-E LOST ALL OF MY COINS.
They are on the wrong fork i guess. So everyone doge is just disappearing from deposits and withdraws.
Seriously, I just lost everything i have worked for.
Everything,
Try having a laptop that can't mine.. and beg and trade your way up to over 350,000 doge. Just to have them all gone from an exchange.
Makes me feel sick.. The hope i had for doge.. And everything gone..
DSJtnnJqLxwc6iwERkau9pF1Na46UViDqY
your coins will still be on the right fork though!!!! |
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Not a criticism just a discussion - how do you stop users from selling their vote?
Especially if they can now publicly prove they voted a certain way.
good point, would it be wrong to sell your vote? isn't this just a form of price/opportunity discovery. The reason votes are done secretly is (in part) for the purpose of preventing people from selling their vote. There are no buyers because the buyers have no way of knowing whether the seller was truthful. While price discovery could be a function - vote buying is not how democracy is supposed to function. (At least not directly, it definitely occurs indirectly by pork barreling). That's a good point as you correctly point out you wouldn't know if buying a vote would be effective as you despite payment have no way of enforcing the voteing despite payment as voting is anon |
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I have question for all anti-hodl crowd. If you think that people should not hold coins, then please explain me where these coins should go so nobody will hold them. To your pockets maybe? Because I fail to imagine any other place.
I think they are talking about velocity of money |
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Potential possibilities
BTC talk is force to make child boards for Alts, despite trenchant protest done.
Alts can get wetware to divulge private keys...proved
[1] The first/largest of new class's if alts will likely survive, the rest not to any significant degree. So 1 or 2 major hash coins, 1 or 2 POS/HYBRID, 1 or 2 merge mines, 1 or 2 consensus eg.
HASHERS BTC <maybe fights> LTC,
POS/HYBRID PPC <becomes backbone>>>BTC>
Consensus Ripple <wild card glues alot together)
Emunie <may take the whole shebang>
Mastercoin, <maybe fights> Colored coins, but Emunie could make MasterCoin redundant.
Doge (first viral meme coin)
NMC merge mine, maybe IOcoin.
Conceptually I divide coins in to classes then alts of that class.
[2] Every processor/thing that makes heat runs and alt and several chaf alts in case you use your hash to attack them, thus opening you to attacks as you have diverted your hash, thus your alts face forking for attacking as you become a weak target. A sort of mutually assured destruction comes into play. But POS proves more efficient so displaces them.
Alt-gnostic App
[3] The app that allows any one to add in their alt, such that the APP, will calculate the value market of the alt you are using for the good or service you are purchasing. (ripple esque?)
Market Cap
[4] The market cap of backbone coin is large eg PeerCoin but less than expected due Class coin to alt dilution.
[5] However the diverse nature and swift evolution of alts force majors to keep on their toes
[6] There are only so may good DEV's and DEV teams around these limit the majors as well.
BTC has enough devs following that it can likely adapt to any threat/issue, so it going to be hard to displace. The only threats it face is if the adaption decsion making mechanism become to ossified and so is not dynamic enough to adapt. Also say BTC adopts POS then, it would make PeerCoin alot more likely to be the number 1 or take a much larger part of the market share.
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Not a criticism just a discussion - how do you stop users from selling their vote?
Especially if they can now publicly prove they voted a certain way.
good point, would it be wrong to sell your vote? isn't this just a form of price/opportunity discovery. |
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Process of issuing private keys can be corrupted.
it can but usually registration on rolls is public so it would be relatively easy to see how many people voted. It could make any cheating quite easy to detect. There would be enough interested parties to follow the block chain for this with some scrutiny. Heck you could even merge mine it with BTC if you wanted. also you can use signing the public private key to move the coin with some other property to reduce this. |
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
props made me laugh |
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Simplified Essentially every voter issued with a private key for with one vote on it at election time, or perhaps their social security number could also be the basis of the private key being signed.
They then send that vote to the candidate, party, cause, candidates address of their choice.
This becomes provably fair, and you have minimal problems with vote counting as you know how many people were registered to vote, and how you voted. Enough people would be looking at this to see if any dogey private keys with votes were being used, without being issued as you would risk end up with more votes that registered voters, and you could check that address
While some flaws may exist, here is the broad brush strokes for completely replacement of the mechanics of vote counting. Colored coins could be used for different legislative houses, etc or other features.
The electoral offices and systems of the world would save untold billions using this system, and you could vote from home.
In some instances this would make direct democracies more workable or better forms of government.
In some ways what BTC itself is doing now is a form of voting for a new form of societal structure if you thing about it, except it is real time, and a lot more nuanced and open than anything that has gone before it.
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I agree and many still think ixCoin is either dead or a scam. The whole scam thing has got to go and just that alone would take us much higher. For that we need something which adds real credibility and such an upgrade to the .7 code may go a long way toward that goal.
So what exactly would be required if a non-techie person would make the long trip to Miami? Are we talking a presentation or just to be there to answer basic questions?
Probably its a bit late, so we won't be able to have like a booth or anything. I will need to check the schedule to see if there's any opportunity to talk. Well maybe we should plan instead for another conference. I don't think there's enough time, which is unfortunate since it is a missed opportunity. I mean, we still get ourselves organized. The website and the code still need to get worked on. What really upsets me is that the original developer had a very good opportunity, but he just botched it up. I mean, he had the coin listed on BTC-E way back in 2012 and he did absolutely nothing. Zero announcement. Anyway, I'm not one of the early adopters. I paid for my IXC with hard earned BTC. I do all this work for free because it is ridiculous obvious that iXcoin is in a very unique position relative to other coins. The scam accusations are really an exaggeration, the original dev pre-mined 500k, but spent like 250k on costs. 500k is like 2.5% of all the coins. Meanwhile, Mastercoin is 100% pre-mined. Other coins like FTC and PPC are massively instamined. Anyway, people recognize that now. FTC yes instamine PPC even if it was can afford to be in respect of is POS and no where near NXT pos. Also has different algo, and really that stuff was laying around so cheap for so long, eg, in feb 2013, about $100 would easily get you 10K - 20K PPC, but no one could be bothered to buy. I mean It was just lying around on vircurex lots of it. Mastercoin I can quite grok except what is the benefit of own more than a fraction of a coin to get all the feature? I understand it did have a buy in open to all and the dev made a call ages ago to be part of it and no one even bothered to try and join in. So no not insta mine. IXC coin has some , well shall we say stuff going on and a cloud hanging over it due to launch. I am still at a bit of a loss as to why you don't use IOCOIN, it has a good hash 1/5th of IXC and no premine cloud, scam hanging over it. |
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You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
yes but fiat currency isn't really currency either. No, fiat is a currency but it's not (good) store of value (same goes for Fiat cars  ) No, fiat looks like a currency, but it has absolute protectionism and absolute abuse by the state issuers (at least until hyperinflation) until BTC and CC's came along. when you have open competition of currencies, i.e. by any entity, then you have currency. |
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someone should make a coin generator that will create coins for free and make tons of money with Ads. Theoretically it's simple enough to create but i just don't have the time. here you go i just gave out a million dollar idea (it's bound to happen anyway  ) the auto coin generator, os free coin generator and auto - auto coin generator are going to happen.....this one just spit out coins and uploads to media fire or simialr and give links. |
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The poster makes some good points about the way many articles poorly compare tulips and bitcoin. But the core point is that the longer term price imho should and will be around $30-$100 as it has this level of transactional value with a wee bit of stored value. Its stored value is very low and is not the $500-$1250 it has been speculated to in recent months. So just like the tulip a bubble bursting point will be reached and shortly afterwards a price of $30-$100 will be established that will have some longevity.
Rather than the tulip comparison I liken some of the hype around bitcoin to the one person self balancing electric people movers that come out a few years ago. Unlike the tulip that was pretty but was never going to 'do' anything else these movers were hyped to change transportation fundamentally . Just like bitcoin sometimes gets hyped up that it will change transactions fundamentally. Both will exist and be players in their sectors but will only ever be one part. Bitcoin will not for example destroy visa or mastercard who make most of their money not from the transactional part but from being short term borrowers charging high interest.
tele-porting gold, while running your own bank, and you can't be stopped, sized or devalued .... is quite revolutionary the fundamentals are there, but you need some familiarity with what the fundamentals of fiat are, and they buying of stuff is only a small part of it. How, when and from whom you can buy, seize, and issue the currency are far more important |
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You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
yes but fiat currency isn't really currency either. |
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Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especially There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever. Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm) I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops. Also volatility is not bad neither are speculators. |
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