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Not so much "pussies" as just "way too laid back." I imagine their fascist movement will be hating really hard, while not really doing much of anything, and just spending most of their time lying on the beach or eating at really good restaurants. That whole country is just "Meh, whatever."
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I vote for energy, too. When 3D printing and physics technology progresses to the point where you can convert matter to energy, and then energy back to matter, energy will be the only thing anyone will need and will have to trade for.
Though I may be missing an intermediate step between Bitcoin and that, since we're still quite a bit away from the whole matter<>energy thing.
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What is the point of focusing on a jewish person? Do they have any privilege over muslim restaurant owners? I don't think so.
De Facto they have all privileges. World is run by jews. Obama claims he's christian, misdirects people into thinking he's secretly muslim, but is actually secretly a Jewish guy in blackface  |
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I like having racists, antisemites, and general bigots around. If they are just silenced, then they are still around, being part of our society in secret. If they are vocal, it's easier to tell whom to ignore and especially avoid. And it doesn't even matter if they are being trolls, or being very polite about it. Stupid beliefs are stupid, and should be laughed at out of existence.
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There's no need for a new category, the forum doesn't need to raise any money right now.
Yeah. I paid 1 billion satoshi for my donator tag, I am fine if you spend the money wisely, but I don't want the tag doled out to anyone who pays any less than a billion for it. Are you defining bitcoin in nominal terms, instead of value/labor terms? I.e. did you pay half a paycheck for your donator status? |
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Hey, I have a question. I know a blockchain is really cool and popular, especially with Bitcoin stuff, but.. why do you need a blockchain exactly? What will be its purpose? I figured just nodes sharing a dynamic database that anyone can add or remove orders from would be sufficient. A blockchain is there mainly to prevent double'spend attacks. Is there a double-spend problem with orders that someone can think of?
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Well, clearly there needs to be a new category then, like "supporter" for 1 BTC.
These forums are invaluable and no doubt the success of Bitcoin is largely due to them and the quality of the community here.
Should we get a new category for 1BTC that's worth $100, as opposed to the old 1BTC that was worth $10? I understand your point, guys; you took a risk and paid with something that could have gone up in value a lot (as it did). But the whole "deflation" thing still really sticks out. |
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I suspect BTCJam will have a collectability issue if it keeps referring to interest, unless it states there is a pre-payment penalty or that interest is really a fee and not interest. I believe on other Peer loan platforms, early payments decreases the actual interest that accrues (as it should since less principle is outstanding over time).
Yeah, you can't really call it interest at that point, since you can't really charge that amount if you are not owed it. |
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but will it hash?
Probably bitcoin very well, on the other hand, how it looks for litecoin with the 7970's, who knows till they are released. Essentially 2 HD7970s on one PCB with lower stock clocks. 2 would be only a bit behind quad 7970s and use less electricity. Serious heat output though. Yes, but they tend to be higher binned chips. I will pick one of these up for personal use. I have been trying to get the powercolor non reference version of this card but it has been out of stock each time I check. http://www.newegg.com/Product/Product.aspx?Item=N82E16814131483They really need to start adding hashing speeds to the Specs section  |
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Fixed rate p2p coins are the solution IMO.
Fixed rate p2p coins are an idea. A detailed method to actually implement that idea, in a way that will prevent counterfeiting, double-spending, spamming, DoSing, and price manipulating is a hypothetical solution. It actually working better once tested is a solution. |
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Banning all fiat money from BTC trading can't be called as regulation. It is prevention. I'm not against trading. I very much like to trade my BTC's with NMC, LTC, or even PPC, but not with fiat. In other words, I don't want to trade my hard-earned (mined) BTC's with paper. Computers? Sure, I like them a lot and can trade my BTC's with computers or ASICs or a medical device or some tangible stuff I need. Isn't that the main/core philosophy of satoshi?
So... don't trade with fiat? How would others trading affect you if you don't trade? And if it does, how will you prevent others from trading their own coins for fiat? The core philosophy of Satoshi was currency that can not be prevented from doing whatever you want with it. Including panic selling it on the market. |
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What is free market? Say someone with tons of asics going to sell coins he mines daily for 70 usd for whatever crazy reason, is that free market for you?  Someone selling a max of 1,800 coins daily, on a market that trades 750,000 coins daily? |
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BitMessage and P2Pool are also open source btw. Maybe someone could bug one of the developers to see what they think about whether their tech can be modified?
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Just throwing this out there:
Take an idea similar to bitmessage, where everyone generates their own address ID. Everyone also stores their own coins, and their own USD.
The order book is shared to everyone running this client, and can be modified by anyone to add and remove only their own transaction requests, signed by their own ID. Some proof of work could me included so it takes a second or more to place your order so mitigate spamming by tons of transactions
Anyone is free to put up an order, either sell or buy, with their own conditions, such as method of payment (Dwolla/PayPal/Wire), fees for cash transfer, etc. The order book organizes these so that the fee is included in the price being traded (e.g. all PayPal trades could be 10% above wire trades, etc).
Once a match is found, the transaction is locked and is accessible only to the people executing it. It is then up to the two people to get in touch (possibly using bitmessage type system build right into this) and actually carry out the trade off the system, e.g. sending btc to someone after they send cash, etc.
Once the trade is executed successfully, both parties must mark the transaction as successful, which increases the reputation record of the address IDs. This can be done by both addresses signing that the transaction completed successfully, and will be in both parties' interest to store a copy of. Since both have to sign, those can't be faked. Tying this to the OTC WOT (bitcoin-otc web of trust) would help, too. Someone could try to game the system by trading with themselves, but the risk is that their offer will be picked up by someone else, which means they'll have to carry out the trade, or get a bad rating.
Eventually, certain high reputation level nodes will emerge to be able to handle transactions for those more skiddish, possibly at a higher fee.
Concerns: still may be possible to game the system, will likely be easily succeptible to scams and chargebacks (at least until trusted nodes emerge), will not be able to handle high frequency trades, may be difficult to fill a large order that spans many smaller ones (instant buy on MtGox), and finally may be extremely inconvenient to have to ask for cash from someone directly, v.s. just having a cold anonymous system do it for you.
Of course this could also be expanded to easily include trades of MtGox codes for BtC, too, in which case, like was mentioned, big trusted companies could be the money in-out places.
It seems we have a lot of bases we can start with for the code already, be it Ripple, P2Pool, or Bitmessage...
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I'm also not entirely sure something like a blockchain is necessary (why I was thinking something closer to ripple than bitcoin). I mean, there are two purposes to a blockchain: Keep a ledger, and prevent double-spends. We need the ledger, but that could just be a distributed file flying around, with some pruning involved (no need to keep executed trades). As for double-spend, if two people have traded, there's really no need to secure against it. All this system needs to do is match two traders and mark that their transaction was executed. A double-spend would be basically someone saying "I sent you these coins twice, so give me more USD", while the other guy could point to the BTC blockchain to say "Nope!"
Another fun thing I've been playing around with is Bitmessage. It basically does something like this, but with e-mail like messages, only holding a copy of yet-to-be received last two days, and removing any that were downloaded. It also encrypts all messages so that only the recipient can read them. If the messages that are in the form of buy/sell orders are not encrypted, people could just download all available ones too.
There's still the problem of sending and verifying cash though... So far, trusted brokers is the best idea I've heard.
P.S. Help out with bitmessage too if you can. I'm not involved, but it looks like a cool idea.
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Banning all fiat money to exhange BTC or other cryptocurrency is the safest way to remove bitcoin manipulators. As long as you allow trading fiat money to BTC, you simply invite all sharks, wolves into a dinner with all lambs perfectly located. Just remove the fiat from all BTC ecosystem, problem disappears almost instantly.
LOL! Come here and let me tell you about this thing called "Free Market" and "Decentralized"... |
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To anyone who is still wondering this, I will take pictures of the Phinneaus Gage when I see him at the Bitcoin Conference in May.
The pictures will be blurry and taken in a forest. And he will likely look very hairy. Unless he shaves. Which I doubt.
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I learned that when everyone starts saying that something is a bubble, and you completely convince yourself it's no a bubble, it may actually be a bubble, except when it's not a bubble.
TL;DR People who claim it's a bubble are like people who claim gravity will make things fall. Yeah, sure, eventually.... when? Should I crawl on my belly till then?
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Wow, there are a lot of threads popping up today on new ideas for Decentralized Exchanges. (I can't imagine why...) I started one myself 5 hours ago.  Allow me to throw some ideas on the fire, as this thread seems to have gotten further than the others. 1. Your concerns about how to port in real-world cash are unfounded. There already exists an industry of businesses that will take cash in many forms and give virtual credits, including bitcoins, for them... BitInstant, Dwolla, OKPay, coinbase, ArumXchange, and many others can upload cash into this exchange in one or more forms. Let them deal with this headache; there are many of them so there is no central point of failure there. 2. To really replace MtGox and have real-time graphs and trades like we all want to see, the core of this beast must always determine the other clients running within a short enough pingtime's distance. (So trades can happen in milliseconds, not multiple seconds.) If a client logs on, looks around for other clients, & notes all of their pingtimes, the client can be a real-time, graph-displaying trading platform for everyone within a decent pingtime of you! True, this means that someone in Kansas isn't likely to see the trades of someone in Perth... But that's the nature of decentralization. The going price of a bitcoin would therefore not be global, but regional... Although the regions are likely to be continents, not cities. You'd trade quickly with those closer to you (pingtime-wise) and if you can't find your trade there, I guess it would be a good idea to include an OTC board in the package too, or port in #bitcoin-otc somehow. (Note: VPNs could be used for people that live far away from population centers to reduce pingtimes, too!) 3. No marketing will be needed. (!) If each client for this exchange gives the fees to the person running the client where the trade happened, then it is self-incentivized to spread much like how bitcoin miners get paid to mine. I've got some very specific ideas about how to make this part work, but for now all you need to know is that everyone with an internet connection would want to run this client because it would literally pay them to just run on their PCs. (And they wouldn't need expensive GPUs.) More details on this step later. 4. No miners needed. A lot of the data that runs across these clients need not be encrypted... You want the world to know what the current price for each currency is, for instance... It's just the ownership of things on it you must secure, so no processing of SHAs here, just good, secure ledger keeping. Every client should be both a place for you to log in and make trades, and a place for other people to trade on. If run this way, it will use a bit of bandwidth (think: bittorrent) but not any advanced hashing that requires special equipment like GPUs. Enjoy the ideas; I'll add some more later. Geez. 6 pages before there's finally a reasonable post  Thank you! Much of this does seem like it can be done by OpenTransactions or Ripple. I'm still concerned about being able to execute trades without someone being able to take BTC (or a trade confirmation) and not send the USD/EUR. Has anyone come up with a way to verify that both parties have actually sent their part of the trade without relying on a central service? In all these discussions, these have been the #1 problems to be solved. Virtual currency and ledgers are easy, or at least doable, but depositing money into the system, and verifying fiat side transactions, are still a big  |
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