There wouldn't still be a Bitcoin but for the many months he put into it unpaid. Lighten up. If you can't take the hit, you shouldn't be in the game.

You of course tested both v0.7 and 0.8 on testnet found the flaw and reported it to the development team.  When they ignored you, you went viral sharing the incompatibility with everyone you knew.  Thanks goodness we had you ... er wait you didn't do any testing.  Most of the developers are unpaid volunteers.  Given your extensive testing experience why aren't YOU doing something?

Regardless, I wanted to setup SOME kind of btc service I could run... I understand that there will be challenges and head-aches, but you get that with any business, and I'm certainly prepared for them...

But it seems like the same thing no? Its a server. Bitcoin needs highly scalable (look at gox!) and I think the Netflix people would think an enormous amount of damage would be done if it went down. Netflix is worth more then all of bitcoin combined.

I am sincerely interested in your opinion, but could you offer any facts to support it? Something I could read up on?

So then, if DD = making sure interest is under x% (how much btw?) couldn't the site just put a limit on the max interest that can be offered?

Do you think if the site did that, the scammers would go away, or the appalling return rate would improve?

Heh.

Nice policy - it is a pity I was not registered when soaking info before ...

No more downloads available.

i know you're not serious. you couldn't possibly be serious.

The deposit ended, he returned everyone's coins, and was one of the (very) few people who didn't default in the lending shitstorm. As for the "coins on reserve" thing, ideally, he had 3700 coins worth of illiquid assets to back up the deposits.

Alright.  I'll take you up on that offer.  I'll have a third party come to here and read the thread over (I'll ask in OTC).

BTW, the key part of this case is that you didn't say that you had to "agree with the proof."  You just said he had to prove it.  And he did.

Yes!

Ideally, I'd like to see the AudenX.com website develop into a showcase of how such an open protocol can work, and of how easy to use it could be. Whether the protocol that ultimately emerges requires users to send outputs to a certain address or not, I imagine there will still be a place in that ecosystem where users will need products (web, mobile, etc.) that give them easy interfaces to the trust info on blockchain. Long-term, I'm hoping AudenX can offer products like that. Near-term, AudenX could just be a testing ground to get the wheels turning in peoples' heads. There are already a ton of ideas I have that presuppose the existence of this trust data — but the protocol needs to exist first, and I need to find a group of people interested in using it.

Again..

1. I'm not a con-man,
2. I wasn't looking for some "stupid" newbie to buy, just hopping for people who wants it and recognices his value.
3. If many people tell you that you're wrong, maybe you are.
4. You aren't the god of this forum, fighting against all te people you can, i have readed you before, you are pretty lame.
5. You just raided my post, you haven't even read the links I gave you, you even not want to learn more, you just went full stubborn.
6. You don't know all about this subject, maybe you know many other things, but about appraising DOMAIN NAMES, you don't.
7. You haven't word.
8. You were the con-man trying to scam me to sell lower.
9. If you see that the price was 10 btc ~ 25 btc, why did you offer 1.7? even though, i said no, but you just keep pushing and raiding my post.
10. Smart? Bussines Man? you forgot beautiful i think...

I'm done trying to make you reason, i was polite, but now i'm just pissed, you became my post in a battlefield, of people trying to make some sense on you, and you just fighting back inmerse on your ignorance (as usually you do)

As we said in my country "The Ignorance is bold..."

GPG is not necessarily TOO hard, but it is certainly and without question the HARDEST form of authentication to adopt.  I recently joined the WoT and was pleasantly surpised to see it using GPG. This allowed me to renew some very old keys, update my passwords and generally update myself on the state of the technology. But I was very disappointed to say the least at how difficult it was to get everything working properly (invalidating old keys, updating the public repos, etc).  I was even more disappointed by how difficult it is to get verified on IRC (at one point I just quit and had to restart the next day).

The only way I can see a non-geek making this work successfully is if you literally "hold their hand and move their fingers for them", then write auth "scripts" that they can use on IRC. I get a little turned off when people suggest that its sooo EASY as if anyone who can't figure it out on their own is an idiot.

I'm totally in favor of both GPG and 2-factor auth.  I'd say that Google Authenticator (free and open source on most platforms) finally made 2FA possible for everyone.  Someone needs to do the same thing for GPG.
--------------------

Moving on, I really like this idea of blockchain trust, but I'd never support a system that was centralized (the same way bitcoin-otc is now) to one organization.  Most of the projects that I'm looking into and working on now are trying to decentralize a centralized service and I think this is the right direction moving forward.

The way I see it, as soon as the idea catches on there will be at least a dozen audenx trust networks maybe using the same protocol, maybe not.  Don't you think it would be best to start with an OPEN protocol (as in NOT tied to any specific address)?