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3101  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] Decentralized Asset Exchange Discussion Thread on: March 19, 2014, 12:14:02 AM
Hi everyone!
Due to the somewhat delicate matter of this post, I just registered this account.

I am a long time customer of Silk Road (SR) and its follower (Sheep Market, Silk Road 2.0). SR made over 1.2 billion in revenues. There are several voices who claim that it was SR who made Bitcoin popular. In the last months there were several major drawbacks for these kind of markets: The Bitcoins of the vendors / customers got stolen either from hackers or the platform itself. Of course after such bad experience especially the vendors do not want to trust their funds to an anonymous platform since there are huge trust issues involved. Desperately they are looking for an alternative solution. The Asset Exchange could solve this problem for the vendors.
 
What they need is (beside the obvious):
1.     The setup of their products must be easy
        a.    Description
        b.    If possible pictures
2.     Message system
3.     Easy Payment
 
To address the demands of the customers. The following criteria must be met:
1.     Easy access
2.     Ratings of the vendor
3.     Message System
4.     Easy Payment

Will the NXT AE be ready for that?
Needless to say if this is working there mustn’t be a lot of marketing and new investors / vendors / customers would naturally come into NXT. Result would be full order books and a price explosion.

please dont do this on our blockchain. the last thing i want is the feds breathing down my neck. the code is open source go fork it and make SilkRoadCoin.

but in answer to your question, technically, yes, a blockchain could be used to solve these problems. not asset exchange though. thats not what asset exchange is for. its for trading homogeneous resources not heterogeneous resources. "weed" for example is heterogeneous so weed colored tokens wouldn't work well in the asset exchange. what you want to do is outline a protocol for interpreting arbitrary messages in a way that is relevant to running a marketplace not an asset exchange.

Anon, could you explain what you mean by homogenous/ heterogeneous and explain the difference when it comes to functionality of the AE?

sure so i am talking about fungibility. should have been more specific.

Quote
Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution. For example, since one ounce of gold is equivalent to any other ounce of gold, gold is fungible.

the asset exchange lends its self to fungible assets. ounces of weed are typically not very fungible.
3102  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 18, 2014, 03:10:00 PM
we arn't talking about guys in space suits with pick axes here. we are talking about someone buying up a big desert somewhere and vaporizing it on entry in the atmosphere above his property and then harvesting it with a big machine like a spice harvester from dune. or something else novel like that.

When do you think this will be possible? I wonder how much will it cost to bring it down to earth? (assuming that aerospace regulators will allow it).

probably within the next 100 years. the thing is that the markets will start pricing this in 100 years in advance, and i am living proof of this because i sold silver to buy bitcoin for (atleast partially) precisely this reason.
3103  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] Decentralized Asset Exchange Discussion Thread on: March 18, 2014, 02:53:44 PM
Hi everyone!
Due to the somewhat delicate matter of this post, I just registered this account.

I am a long time customer of Silk Road (SR) and its follower (Sheep Market, Silk Road 2.0). SR made over 1.2 billion in revenues. There are several voices who claim that it was SR who made Bitcoin popular. In the last months there were several major drawbacks for these kind of markets: The Bitcoins of the vendors / customers got stolen either from hackers or the platform itself. Of course after such bad experience especially the vendors do not want to trust their funds to an anonymous platform since there are huge trust issues involved. Desperately they are looking for an alternative solution. The Asset Exchange could solve this problem for the vendors.
 
What they need is (beside the obvious):
1.     The setup of their products must be easy
        a.    Description
        b.    If possible pictures
2.     Message system
3.     Easy Payment
 
To address the demands of the customers. The following criteria must be met:
1.     Easy access
2.     Ratings of the vendor
3.     Message System
4.     Easy Payment

Will the NXT AE be ready for that?
Needless to say if this is working there mustn’t be a lot of marketing and new investors / vendors / customers would naturally come into NXT. Result would be full order books and a price explosion.

please dont do this on our blockchain. the last thing i want is the feds breathing down my neck. the code is open source go fork it and make SilkRoadCoin.

u r wrong, the community can't dictate what should or not be sold, this is what we are trying to run away from
silkroad users or anybody else are more than welcome to be free to trade whatever they want on our blockchain as this will increase volume, transaction and users base.
also, we'd be helping people be more free

i am wrong? the comment you linked didn't make any positive claims. i said "please don't ________", i asked nicely.
3104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 17, 2014, 10:27:25 PM
sketchup file done! now to get it milled Grin
3105  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] Decentralized Asset Exchange Discussion Thread on: March 17, 2014, 07:39:35 PM
Hi everyone!
Due to the somewhat delicate matter of this post, I just registered this account.

I am a long time customer of Silk Road (SR) and its follower (Sheep Market, Silk Road 2.0). SR made over 1.2 billion in revenues. There are several voices who claim that it was SR who made Bitcoin popular. In the last months there were several major drawbacks for these kind of markets: The Bitcoins of the vendors / customers got stolen either from hackers or the platform itself. Of course after such bad experience especially the vendors do not want to trust their funds to an anonymous platform since there are huge trust issues involved. Desperately they are looking for an alternative solution. The Asset Exchange could solve this problem for the vendors.
 
What they need is (beside the obvious):
1.     The setup of their products must be easy
        a.    Description
        b.    If possible pictures
2.     Message system
3.     Easy Payment
 
To address the demands of the customers. The following criteria must be met:
1.     Easy access
2.     Ratings of the vendor
3.     Message System
4.     Easy Payment

Will the NXT AE be ready for that?
Needless to say if this is working there mustn’t be a lot of marketing and new investors / vendors / customers would naturally come into NXT. Result would be full order books and a price explosion.

please dont do this on our blockchain. the last thing i want is the feds breathing down my neck. the code is open source go fork it and make SilkRoadCoin.

but in answer to your question, technically, yes, a blockchain could be used to solve these problems. not asset exchange though. thats not what asset exchange is for. its for trading homogeneous resources not heterogeneous resources. "weed" for example is heterogeneous so weed colored tokens wouldn't work well in the asset exchange. what you want to do is outline a protocol for interpreting arbitrary messages in a way that is relevant to running a marketplace not an asset exchange.
3106  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] Decentralized Asset Exchange Discussion Thread on: March 17, 2014, 05:16:21 PM
Quote
there is no a (technical) problem to have several "CIYAM"s

i see what you did there Cheesy Cheesy Cheesy
3107  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 05:11:50 PM
This is one of the things I love about Bitcoin. Something like gold is rare until we find more of it. Something like Bitcoin is rare until 1 != 1.
I love the idea of gold, but it's the 21st goddamn century, it can't be too long before we can make a serious profit either mining gold on other planets, moons, asteroids, etc., or creating gold.

you know that its been done. man kind has created gold. the age old quest of the alchemists has been realized. its mind boggling.
But it can't be profitable yet or gold would be nearly worthless. I'm worried about when it is profitable.

oh yea they made like a couple of atoms of gold for a price of hundreds of thousands of dollars. it would cost like a billion or a trillion times world gdp to make a single coin like that. i just think its awesome that someone out there is a true legitimate alchemist. alchemy is real and alchemists exist! mind boggling!
3108  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 05:10:11 PM
It would cost more to mine gold on an asteroid than it would be worth.  Just as it costs more create gold in the laboratory than it is worth.  The scarcity of bitcoin is artificial.  It is quite easy to fork the blockchain and create a version of bitcoin with 1000000x the supply.  The true value of bitcoin is the discovery of distributed concensus protocol which makes bitcoin possible.  This discovery enables a whole lot more than just bitcoin currency.  When people start to apply this discovery in earnest, it will change the world.

we arn't talking about guys in space suits with pick axes here. we are talking about someone buying up a big desert somewhere and vaporizing it on entry in the atmosphere above his property and then harvesting it with a big machine like a spice harvester from dune. or something else novel like that. try to use a little more imagination.

yea all that other stuff sounds good. im a bitcoin speculator myself, i just dont pretend that its "savings".
3109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 17, 2014, 07:57:00 AM
i posted this question on my silver bullion gateway thread

Quote
does anyone know how well a sketchup .skp file will convert to cad? can i just buy the pro version, save it as an autodesk compatible format and then take that to a local machine shop and get a solid product out of that? or am i going to have to hire an autodesk artist to translate my plans by hand/touch up the autodesk compatible sketchup pro output?

even if you dont know the answer to this question yourself, if you know someone who might, please send them my way.

thanks!

if anyone knows the answer please leave a comment in my silver bullion gateway thread https://bitcointalk.org/index.php?topic=455861.msg5741179#msg5741179

thanks!
3110  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Anon136's Silver Bullion NXT Gateway on: March 17, 2014, 07:54:55 AM
does anyone know how well a sketchup .skp file will convert to cad? can i just buy the pro version, save it as an autodesk compatible format and then take that to a local machine shop and get a solid product out of that? or am i going to have to hire an autodesk artist to translate my plans by hand/touch up the autodesk compatible sketchup pro output?

even if you dont know the answer to this question yourself, if you know someone who might, please send them my way.

thanks!
3111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away on: March 17, 2014, 05:10:09 AM
1.5BTC send to 1CdK3k3kgyn8rhhUihcF1ZpFmwmzFLai6Y

transaction ID (TXID):
abccfb0b11aeebbd39b02267b22c3c77e4354f8106140cd3d99a7536b6ecbe2a

email address:
cnaiguozhe@126.com

username:
cnaiguozhe

Thanks!




This is my investment , why not invest hosting my list

Thank you


Investment in escrow did not find me

Thank you

uh oh did i make a mistake? pm me so we can get it sorted out.
3112  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 05:08:08 AM
Same thing with diamonds, there's a lot of them hidden below but we're not advanced enough to extract them efficiently.

there are a lot of them above ground. diamonds arnt actually rare at all. that's a myth. the only reason they have such a high value is because the de beers diamond cartel has monopolized the supply and holds them off of the market inorder to artificially inflate the price.

No longer 100% correct, times have changed:
The Incredible Story Of How De Beers Created And Lost The Most Powerful Monopoly Ever
http://www.businessinsider.com/history-of-de-beers-2011-12?op=1
...
But more recently, countries with enormous stockpiles of their own, like Russia, Canada and Australia, have refused to cooperate with the single channel system.

These problems, along with issues of flat prices, forced De Beers to switch up the company's strategy. In the last decade De Beers has moved away from rough-diamond supplying and controlling the entire industry, instead focusing on promoting its own brand of diamonds and retail stores.





interesting info. one would think this would have effected the price more.

I suppose the illusion of scarcity will take more time to wear off.
interesting info
Yes, I learned something new today...Wish I could get paid just to learn "stuff"  Smiley

you almost sort of can. by "learning stuff" about bitcoin i realized that i should buy it and it was about $12 at that time Cheesy. granted it required that i actually buy them but that was super easy compared to the "learning stuff" part that allowed me to realize that i ought to buy them.
3113  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 17, 2014, 05:05:16 AM
0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.
Last I heard 0.1 NXT was the new min tx fee

I dont understand how nodecoin is being twisted into something that "purchase space in the blockchain"Huh

All nodecoin does is tabulate a nodes peers and then allocates nodecoins based on the number of times your node is someone else's peers.

How this gets turned into some magical NXT killer, absolutely boggles my mind

James

James, there's more issues than nodecoin and that's what's being referenced here.  Salsa and others are pushing to rent out space in parallel blockchains to store data/files/entire websites and this has nothing to do with nodecoin and everything to do with creating bloated blockchains.  

nodecoins are just an asset that acts like airline miles. People that do things that help NXT get rewards. Do airline miles destroy USD?

James

I've given up saying negative things on nodecoin.  Now you say nodecoins are like airline miles.  OK, we'll talk about airline miles.  From the airline's point of view, every time somebody got a flight on a jet using airline miles, that was a seat they made no money on.  It was good for the guy that got the airline miles, and bad for the airlines.   The more people accumulated airline miles, the more there was a big overhang of "free service" (ie LOSSES) that faced the airlines.  As a result, the airlines have all devalued the airline miles.  They are "worth" a LOT less today than they were when somebody first thought up the idea of "let's give out airline miles!".   So are nodecoins an NXT killer?  I'm not saying that anymore.  But if you want to compare them to airline miles, you'd better do some research into just what happened with airline miles.  It's not a pretty story for the airlines.  

http://www.smartertravel.com/travel-advice/with-frequent-flyer-programs-keep-up-or-lose-out.html?id=4325925

http://www.businessweek.com/articles/2013-12-20/travelers-find-fresh-reasons-to-sue-their-frequent-flier-programs

dude who cares if parallel blockchains are bloated. if you dont like it than dont run them! Cheesy
3114  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 17, 2014, 05:03:38 AM
0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.
Last I heard 0.1 NXT was the new min tx fee

I dont understand how nodecoin is being twisted into something that "purchase space in the blockchain"Huh

All nodecoin does is tabulate a nodes peers and then allocates nodecoins based on the number of times your node is someone else's peers.

How this gets turned into some magical NXT killer, absolutely boggles my mind

James

good 0.1 sounds right to me.

idk im just going by what rickyjames said.

that sounds like a great idea. more nodes = more dos protection.

no idea.

thanks for the info.
3115  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 04:07:04 AM
This is one of the things I love about Bitcoin. Something like gold is rare until we find more of it. Something like Bitcoin is rare until 1 != 1.
I love the idea of gold, but it's the 21st goddamn century, it can't be too long before we can make a serious profit either mining gold on other planets, moons, asteroids, etc., or creating gold.

you know that its been done. man kind has created gold. the age old quest of the alchemists has been realized. its mind boggling.
3116  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 04:05:47 AM
Same thing with diamonds, there's a lot of them hidden below but we're not advanced enough to extract them efficiently.

there are a lot of them above ground. diamonds arnt actually rare at all. that's a myth. the only reason they have such a high value is because the de beers diamond cartel has monopolized the supply and holds them off of the market inorder to artificially inflate the price.

No longer 100% correct, times have changed:
The Incredible Story Of How De Beers Created And Lost The Most Powerful Monopoly Ever
http://www.businessinsider.com/history-of-de-beers-2011-12?op=1
...
But more recently, countries with enormous stockpiles of their own, like Russia, Canada and Australia, have refused to cooperate with the single channel system.

These problems, along with issues of flat prices, forced De Beers to switch up the company's strategy. In the last decade De Beers has moved away from rough-diamond supplying and controlling the entire industry, instead focusing on promoting its own brand of diamonds and retail stores.





interesting info. one would think this would have effected the price more.
3117  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 17, 2014, 04:02:36 AM
0.01 is too low. that's sad to hear. also it is imperative that people be forced to use nxt to buy space in the blockchain. this keeps nxt relevant which keeps the price up which gives the network its security. if people are really talking about creating an asset in the AE that will allow people to purchase space in the blockchain instead of nxt than i will have to make it my mission to put a stop to that.

thanks for the info rickyjames.
3118  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | No Premine | Hard Fork At 34140 (DGW) on: March 17, 2014, 02:43:35 AM
how do you defend against attackers who try to DOS by requesting to be part of a joined transaction but then fail to sign off on the transaction? This is the big problem with coinjoin that prevents it from scaling well. have you guys solved it somehow?
There is a penalty for leaving the connection before the darksend completes.

And how does that work?

You put up a collateral transaction that only the current master node can cash to get into the pool. If you misbehave in any way, the master node will cash it. Each time that costs 0.1DRK, so it could add up pretty quick if you're attacking it.

Masternode's are chosen randomly using a deterministic algorithm that can't be tampered with. This has a nice side effect, people will want to run full nodes to get the random fees. So we should have a pretty strong base of nodes.

what prevents masternodes from being dishonest?

bump

Dishonest how? I think I covered everything here: https://bitcointalk.org/index.php?topic=421615.msg5717144#msg5717144

what stops the masternode from cashing all of the collateral transactions of participants who do sign off on the transaction?
3119  Other / Off-topic / Re: If mining asteroids becomes commonplace is any element rare enough to be money? on: March 17, 2014, 02:31:13 AM
Same thing with diamonds, there's a lot of them hidden below but we're not advanced enough to extract them efficiently.

there are a lot of them above ground. diamonds arnt actually rare at all. that's a myth. the only reason they have such a high value is because the de beers diamond cartel has monopolized the supply and holds them off of the market inorder to artificially inflate the price.
3120  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: March 17, 2014, 12:35:52 AM
is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?

bump
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