I could certainly live with a version that initially didn't support merged mining. I mean, miners can use (and are using) the old version anyway, we need a client to be able to use the coins and create services to support the chain. My pledge will be paid even if without merged mining.

The GUI should be easy to achieve once the namecoin support is patched on top of the latest bitcoind, but that does mean some hacking still.

I really think it is best to have this work split in two:

1) patching latest bitcoind to support namecoin
2) tweaking the GUI to support namecoin specific functions

I have pledged 1000 NMC to 1)

lunarboy (100) and marcus_of_augustus (1000) pledged 1100 NMC to 2)

the GUI can be achieved without 1), but I am certainly not interested in that as what I need is the server support.

Is there anyone willing to take this task? Any more pledges? Someone (trusted) to take the funds pledged and deliver to bounty taker after completion?

I must have worded myself wrong. My pledge is for a working bitcoind, I don't really care for the GUI part at this point. And also rebasing is most simply not possible as the code bases have diverged a lot. Like I have mentioned before I can provide a diff for the namecoin specific changes over the bitcoin source as it was.

heh, I actually meant reusing this thread, no need to pollute the forum with yet another one. But hey, whatever works...

2 things you need to do to prevent that; consistently up to date original post (so I can quickly see a FAQ with the denkmalschutz status) including auction terms, date and time of end and current highest bid. That and bump your thread with bid acceptance and daily time to end warnings.

Reiterating my vouch for 1000 NMC to whomever get a working namecoind version (source code, obviously) that matches the functionalities of the current bitcoind and allows for keeping track of the developments of bitcoind going forward. I don't care about the UI, though that would certainly help further adoption, but that's best taken as a separate project or it might become a little daunting to do it all in a short time period.

My bounty can be extended if someone shows interested and provides a timeline.

On the practical side, you can keep the wallet there, run from USB, copy to disk and back (kinda hard to keep doing if you are using the wallet constantly, but good for long term storage), you can also use a brain wallet, a deterministic one like electrum supports, etc.

BUT BE CAREFUL! USB drives die, they die much more often than you would expect particularly but not limited to the cheap ones. Keeping a single copy of your wallet in any medium is a bad idea anyway.

Shares are bought and priced in whatever the seller decides to accept, really. The initial offering has asks on BTC.dr, LTC.dr and TRC.dr. Following TTBit's example above, if you want to see the order book for TRC you just select that to be the counter and the issuer to be dividendrippler (rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX).

See, that's where things get hard to do. You are doing an auction in BTC, an irreversible, pseudo-anonymous crypto-currency that is not officially accepted anywhere state sponsored and are trying to get the whole protection and guarantees of government debt-money. The two are not interchangeable, you have either/or.

If you want to be sure you have a guaranteed exchange rate and that you don't have to do your own research on who is trustworthy and you don't want to take responsibility over your actions if you make the wrong decision, then you should only work with fiat.

The reason people here are so jumpy about scammers is because the buyer is the one holding most of the risk up to the very end. Sure, bitcoins can plummet, but are you willing to give back the difference if bitcoins rise in value while under escrow?

Yes, John might run away with your 25k EUR BTC equivalent, but I can bet you he has right now and at any point in time much, much more than that being held for others. That is why we trust him, and sure he can disappear, but so can you. He has a great track record, you we don't (yet) know.

As for all other questions about payment processors you'll have to do your own investigation (which goes full circle on this response). If I were to tell you "sure, don't worry, fully insured and such" would you just believe me? I'm not sure at all what the answer is, btw, I don't trust insured companies anyway, as we all know what happens when it is time for insurance to pay up...

But hang in there! We are certainly progressing and even if you end up not selling your house for BTC, this will help any upcoming seller.

Just adding to the 'thread hijacking' a little bit, it is normal for buyers to request/require escrow, as that provides a huge safety net to any deal.

It is not, however, normal to refuse escrow (not saying you did, not saying you didn't). The only two reasons I can think of for someone refusing escrow are:
- You don't trust anyone, which is fair but then why are you trying to have people trust you? (*)
- You are trying to pull up a scam. A scammer will never admit to want to scam, and they always have great theories on why escrow isn't needed.

(*) - I know there are other mechanisms to secure the deal, as you described. That is all fine except the moment bitcoins are transfered there is nothing that can bring them back, not a court order, not the police, not the best lawyer in the world. If you succeed in making things look legit, receive the coins and then disappear... well... you know. On the other hand, if you are legit and the buyer doesn't pay, you have a physical good that you can prove is still yours, you can have the police arrest the scamming buyer. Hell, you can go there personally and kick the shit out of the guy that tricked you, so you see that while it seems that dealing with bitcoins is the same as any other currency it really isn't.


Now, as another potentially interested party I have to ask again, as I didn't see an answer and I'm following this thread eagerly: Will you accept dealing with a bitcoin escrow? I know you said you didn't say you wouldn't, but what I'm asking is if I can bid knowing you will accept a mutually trusted party to hold the coins until the deal is concluded?

As for your 'what if btc price plummets', are you going to use a payment processor or are you going to take BTC? It is the same thing for the buyer, but does present an added risk, so as someone (goat?) proposed earlier, would you accept the escrow to hold the funds already converted to your currency of choice instead?

That is exactly where a BTC escrow comes in. If you write a cheque you know the money is with you, and the buyer knows they have something to get to the money.

With BTC I can give you my private key but there's no knowing when you move the coins using that key and there is nothing I can do about it. Also, you might close the deal and then I move the coins myself (we both have the private key) and there's nothing you can do about it. With escrow none of us holds the private key, and we both have some recourse if something goes wrong (granted, it depends on how much one can trust the escrow). In the end, escrow service is the cheque in normal currency.

This particular deal would likely require you to submit some BTC to escrow, enough to justify the buyer to fly in and look at the property and paperwork. Something like;

You send 20 BTC to John, the buyer sends whatever the auction ends up costing to John.

Buyer flies to DE, meets you, sees property, signs papers, John sends you auction + 20BTC. If buyer flies in and things are not as described or it turns out to be a scam somehow, the 20 BTC get sent to buyer.

Your opinion is that escrow is not needed, but would you be willing to accept it regardless?

Want kind of municipal taxes does one have to pay on the house (not sure that is the correct name for the taxes). In other words, if I were to buy it what would I be expected to pay yearly to just keep the house legal?

Escrow is an entity that will hold the coins until the deal is finished.

You agree with the buyer about value and terms, the buyer sends coins to escrow (John is very well trusted, as is Graet, my two go-to people for these deals).
You deliver the goods, the buyer tells the escrow it is ok to release the funds, you receive you coins.

This way if any of the parties tries to pull some trick the entity serving as escrow has the opportunity to verify which of the sides is not behaving, and send the coins to the other party.

Where in Spain are you located? I would very much like to see the car in person, and would likely be interested in buying it myself.

Just a quick note to let everyone know the payment processing change described above has been applied.

Good luck!

True. It was never, to the best of my knowledge, a part of the design that people would trust each other for currency. That's a concept that for the most part works poorly 'in real life' too. But the system does allow for it and there are use cases where it might make sense (see the DYM case from TTBit or the FAV heated discussion).

All in all I think you shouldn't (ripple) trust anyone or anything that your don't (really) trust, it's that simple.

ripple itself has no responsibility in enforcing any trust relationship. You are the one trusting, make sure you have reasons to trust.

Do you use any exchange currently? How can you be sure they will credit your account with the amounts you send in, and when you request for it, that they will send your funds back?

This is not specific to ripple, though. We extend banks our trust, probably under the assumption the government will have our backs if the banks misbehave, thus shifting part of our trust to them. In the end it's all down to who we trust, how how much we trust them for (just ask some of the people in Cyprus about that).

As a ripple gateway operator I want to say you can trust me, and so on, but in the end I am only as trusted as your perception of it, and that's an individual decision. Usually we're forced into these trust relationships (wanna get your wagers? Open a bank account.) but with ripple you can actually decide that for yourself.

Also, the previous change to group payouts in blocks of 5 minutes will be removed. We will still group the payments per address, so only one transaction will be sent for all payments outstanding on a particular address, but we will remove the wait, payments will be sent immediately after bet processing.

Could you kindly elaborate on this? What is it exactly that makes this sound like a scam?

You need to trust DividendRippler.com for an amount greater... that's the way ripple works, you must trust the sender for at least what gets sent. You are receiving a promise that DR holds that much coins on your behalf, so you must trust DR for at least that.

You'll need to flag the server (..) by sending an XRP... We are not getting rich off of you one XRP at a time, and TTBit has mentioned the errors are all retried once per day. You just need to send the XRP to tell the server that "the owner of this address has changed the trust lines and wants an immediate retry".

I know many things in the bitcoin realm look good and end up being scams, but providing a comment such as yours adds nothing but uncertainty to the discussion. If you feel we are trying to scam you please provide a reasoning for that.

You mean a destination tag? As seen in https://ripple.com/wiki/Require_a_destination_tag_for_inbound_payments that's something you add to the address you are sending to in the form ?dt=<destination tag>

DividendRippler.com supports 3 types of destination tags, two static and one dynamic:
 - ?dt=0 is a 'wishing well', anything you send there is considered a donation. We use this for testing stuff, don't send anything there unless you want to give it to us
 - ?dt=1 is the 'trigger', used to signal you own an address and approve of pending changes or wish to retry a deposit after fixing the trust lines
 - ?dt=1xxxxxxxx is the redeem destination tag, there's a different one for each registered ripple address on the site. You send IOUs to your specific dtag and the appropriate funds are sent to the chain addresses you have registered for BTC, LTC or TRC.