You cant just throw around the concept of decentralized and assume it is possible with any action or business model.
And even if it is done already (local bitcoins) it will never be convenient or reasonably priced
The Wall Street model would work. Stop allowing just anyone off the street from having a seat on the exchange. |
|
|
|
|
I see now. So the official client and support network will not recognize microtransactions, but the protocol will still allow miners to deal with them. Only highly optimized miners will profit from accepting them.
|
|
|
|
Why do you hope the wall keeps moving up? That just sets the stage for a more dramatic crash.
So I can catch the peak before the crash and then buy in again when it is low. No guilt from participating in the manipulation and robbing inexperienced traders? These things don't exactly help Bitcoin's reputation. Inexperienced traders don't get robbed, only ignorant or stupid ones. You have the responsibility to educate yourself and you have access to all that information for free on the internet. |
|
|
|
|
Ripple might be a good way to make microtransaction denominated in Bitcoin.
|
|
|
|
|
S.E.A.T.O. never disbanded. It became the global intelligence arm of the Illuminati. Satoshi Nakamoto is the chief spymaster. They influence every clandestine and criminal agency. Bitcoin was created to bring them all together as they become dependent on using Bitcoin for their spy games. Nakamoto controls the manufacturing of all the mining hardware and has secret backdoors in the chips for tracking all transactions. Even the TOR network depends on his hardware for encryption.
|
|
|
|
|
I wonder how the Chinese exchange feels about Mt Gox in Japan. You would think they would want to outdo them.
|
|
|
|
One day you would be able to go down to the street and purchase BTC the same way you purchase hotdogs, I'm hoping exchanging will be a lot more convenient by then.
You even need a license for a lemonade stand in the US. |
|
|
|
Bitcoin will most likely collapse when mtgox starts allowing to trade LTC. LTC value will be higher than BTC.
Only diehard speculators buy Litecoin. Developers don't innovate Litecoin, they copy Bitcoin developments and are years behind. Without Bitcoin, there would be no Litecoin. Besides, I'm waiting on Bubblecoin. It hasn't been released yet, but it will be the most awesomest super cool cryptocoin ever. |
|
|
|
|
It doesn't really bother me that it looks like a thermal printer in a cardboard box. You didn't demonstrate any of the other functionality. So, I'm not sure if this is serious.
|
|
|
|
Right. I like this one better. It's less ambitious, but more realistic. |
|
|
|
|
I really don't think that buying Bitcoins with cash needs to be regulated. It's buying cash with Bitcoin that will be. The latter is not really necessary in most cases.
|
|
|
|
The second project is more realistic in the short term. It's unlikely it will require Bank Secrecy Act compliance. They could go in any pawnshop, convenience store, or nightly entertainment establishment. It allows Bitcoin to be used anywhere you need to store money securely or spend discretely. Travelers or patrons would not have to worry about carrying cash, while maintaining their privacy. The pawnshop is the one that has a lot of potential. Can't pay your utility bill? Pawn something and send Bitcoin directly to your utility account. |
|
|
|
If exchanges were decentralized, they would be very difficult to sue.
This is a contractual dispute between business partners. No amount of decentralisation is going to stop people forming business partnerships or suing one another when deals go sour. A decentralized exchange would have no need of business partners. In fact, they could even be loosely distributed with a network of brokers. Only brokers would have contractual obligations with their clients. The exchanges would only require licensing. Mt Gox has bitten off more than it can chew or they would not have reached out to Coinlab in the first place. |
|
|
|
|
There just isn't enough that can be said about decentralized exchanges.
|
|
|
|
|
If exchanges were decentralized, they would be very difficult to sue.
|
|
|
|
|
For Bitcoin to rally, it needs some good news on the development front; or even better, some bad news from the global economic front.
|
|
|
|
|
Why would anyone trust Mt Gox in any business relationship after this?
|
|
|
|
|
There was a live feed. It was a full room with lots of press. It is an impressive machine, but I don't expect them to go into production until next year at the earliest.
|
|
|
|
|
Show Posts
