Might be their detachment from reality or just general mental disorders.
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Just for proper [Citation Needed] credit when the google-bot archives this:
Hi, I'm allinvain, you might know me from a heist that took place when I had little to no personal security. That's right, my failure to consider my situation resulted in the loss of some bitcoins. Don't be like me, take the proper precautions with your wallet.
Learnin' on a wish (tm) Blame the victim much? |
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What amuses me about this is that we can still send bitcoins to that address, and there is nothing he can do to stop us
I think it would be more amusing if you sent them to my address. There's nothing I can do to stop you either and I'm holding a frog in my avatar. |
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Save it for dry ice bombs.
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lol!
Drug addiction is no laughing matter! |
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Namecoin just seems to be an attempt to recreate scarcity in domain names.
Well, it has a mechanism to try and mitigate a "gold rush" of sorts, but that's not the problem it tries to solve. Rather, it attempts to provide domain names in a decentralized manner such that people using Namecoin domains don't have to worry about authorities coming along and revoking them. |
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No love for Namecoin on this exchange?
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You can consider me competition.
The idea of two or more open source projects, using compatible licenses, competing against each other seems counter intuitive. However such projects might try to separate themselves, how can they not cooperate? |
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I would like to be able to trade in multiple currencies. Bitcoins, Namecoins, Dollars, and possibly others.
I would especially like it to allow for the possibility of trading between Bitcoin and derivatives like Namecoin. It needs to easily interface with various banking protocols so operators don't have to manually add wired funds to specific accounts. It should also allow for deposits from the likes of Dwolla, WingCash, and any other payment systems that might pop-up. In other words, it needs to be as future proof as possible. I guess it goes without saying that trades should go through the exchange. I don't think it's enough for the exchange to play matchmaker. Oh, and GPG verification/authentication, at least as an option. Despite the complexity, some users might prefer managing their own security. That's all for now. See my signature for an address. |
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The mere possibility that some one who you transacted with would not pay you back makes the system unusable from a business stand point imo. I need to know and depend on the absolute fact that this money I have now will be honored and valid. If I'm reading this right, this model depends on you not wanting to make people feel bad and lose trust in you when you fuck them over. I mean, I do business with strangers that I do not or would not want to know personally. Ripple seems to preclude this type of a transaction being possible. With Ripple, you only give and accept IOUs to and from trusted associates. Furthermore, you give your trusted associates credit limits and they do the same to you. If you want to do business with a stranger using Ripple, you do not give him one of your IOUs. You are a stranger to him as well and he will not accept it. Rather, the Ripple network maps out a path of trusting associates between you and the stranger through which you give an IOU, equal to the value of the product, to one (or more) of your trusted associates, who gives one to his, and his, and so forth until the stranger gets an IOU from someone he already trusts. You and your trusted associates--and theirs, and theirs, and so on--will settle these IOUs on agreed upon terms, perhaps with USD, bitcoins, barter, and perhaps only on a weekly or fortnightly basis. It may turn out that over the course of that period, you will receive enough IOUs from your trusted associates to cancel the IOUs they accepted from you. Its hard to prove that bitcoins won't work or that credit networks will. I guess it will be fascinating to observe how this all shakes out in a decade or two. I hope you don't think that if one does the other can't. I see the two as complementary. It is indeed true in credit networks (as has been pointed out) that if your friend gives you an IOU and then runs away, you are left holding the bag with no recourse. So the whole system depends on choosing your friends wisely. Don't mean to oversell that model. Perhaps we/someone will figure out improvements. I think the trick is not to accept more IOUs from your friends than you trust them to pay back. In deciding on a credit limit, you have to consider how much they could default on before it really harmed your relationship and how flexible you are in accepting reimbursement. |
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Just out of morbid curiosity, how do you expect an individual to "guarantee" his currency? Suppose you print up an Ashish-note, and I trade you a watermelon for it. Do I just get to demand something back from you in return? What if I decide that your Ashish-note has risen in value, and now I'd like to have your house? Would you guarantee Ashish-notes with your house? Or does this scheme require infinite, never-ending human labor? For that matter, why would you even want your Ashish-notes back? Can't you just keep printing them forever, and aways find new suckers who will accept them? I suppose you can't do that if you have to "guarantee" them? Someone can go to court and force you to take them back? So, then, don't ever print any Ashish-notes if you want to keep your house I guess?
You might find some appropriate answers here: http://ripple-project.org/Main/FAQ |
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but is that an attack, or just thousands of people learning about drugs online and trying to access the site?
Who knows? I'm interested to see how SR will fare and what improvements that it, or its derivatives, will offer in the aftermath. |
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Yes, the ripple model is the one I am more excited about. I happen to be a big fan of Ripple. However, a user on one Ripple server cannot send or receive an IOU to or from a user on another server. Therefore, as it stands, users have to depend on a single, central, vulnerable provider. Hopefully that will change soon. Anyway, Ripple is an awesome project and I hope you will contribute back to it, that you will open source your work. |
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I'll spell this all out for you. The only reason that SilkRoad would institute a referral system now is to keep snooping feds out. If anyone is giving away invites to newbies on this forum, that defeats the purpose. Thus any such invite that you get from this forum is more likely to be a fed sting op than the real deal.
Any way to move these "invite" requests to another thread or something? We actually had some interesting discussion going on here. |
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A fair article, but I've seen better written ones on Ars. |
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