On placing an order, the fiat and BTC (or other cryptocurrency) goes into the network and is unavailable to the trader.
If we could do that, we wouldn't need Bitcoin  As for mining fiat, the problem of getting USD into mined fiat is exactly the same as getting USD into Bitcin, and at that point you might as well just transfer it into Bitcoin from the start. As for many small escrows, I'm not sure how that is different from the single randomly chosen Dwolla escrow I proposed. |
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I see. But that leaves me in the dark about the cause! Was it because of using spinner as your P2Pool wallet?
Edit: I'm just curious because at some point I will probably use spinner as my P2Pool address.
No, I was mining to bitcoind to my own address |
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That's strange, mine aren't. Are you still using spinner as your P2Pool wallet? I wonder if that has anything to do with it?
Two minutes after I posted that I got an email reply that he fixed it  |
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There have been an increasing number of double spends recently. I'm worried this could be an attempt to exploit blockchain.info's liberal display of transactions. Any address page or transaction will now have a warning attached when a double spend is detected: https://blockchain.info/tx/591b3e1d38e928d35bfef19751da0377b16646ba8af482422d6a0983598da0b9q/getreceivedbyaddress may include unconfirmed double spends in some circumstances. You should use this to process payments, or at the very least cross check with blockexplorer as well. Every one of my mined P2Pool transactions is marked as a possible Double Spend. I sent an email about that to the person on the contact page. If that's a bug, then the increase in double spends may just be due to increasing popularity of P2Pool. |
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I like pleasure and hate pain as much as the next person. I just don't think pleasure is the purpose of life, I think it is something programmed into some lifeforms to encourage survival and reproduction. A means to an end.
We are probably answering different questions. For me, the real answer needs to also apply to trees, bacteria, etc. I think this kind of answer will also indicate what behavior will lead to the most pleasure and happiness.
That's already #4 on the list |
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I think the point is that Paxum and other banks won't deal with centralized exchanges, but their business is to move money between individuals, and if you use this system, they won't know if you're trading Bitcoin or just sending someone money. There won't be a single point of failure, that being the exchange's bank account, since many accounts will be involved individually.
Chargebacks will still be a problem with some systems, and I'm not sure how to get around that (force PayPal to send as gift? Use services that don't do chargebacks?)
As for using something like ripple, how do you get your money into ripple? And if it's a hassle, why bother instead of getting it into Bitcoin more directly?
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I disagree. How can you compare bitcoin to silkroad?
Silk Road - legal or illegal, no matter what laws are passed or what politicians say about it, they can't do anything about it, and it will continue to exist, simply because people don't think it's wrong, and want it to exist. Bitcoin - legal or illegal, no matter what laws are passed or what politicians say about it, they can't do anything about it, and it will continue to exist, simply because people don't think it's wrong, and want it to exist. SOPA is indeed a great example, but saying the people completely ignored it?? The efforts to stop it - probably the biggest campaign in the history of web rights - was successful!
It was successful, but had it failed, things like Tor, I2P, and Namecoin would have seen a huge surge in adoption, and once they became mainstream, "legal or illegal, no matter what laws are passed or what politicians say about it, they can't do anything about it, and it will continue to exist, simply because people don't think it's wrong, and want it to exist." If it bitcoin survives like Tor,BT and SR then we have lost the battle to making Bitcoin a real alternative.
Just as we have lost the battle to making BitTorrent a real alternative for file sharing... wait... |
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If P2Pool ever makes it into the main client I have an idea/question... could it incorporate the concept of 'mini-confirmations' for transactions. They are every 10 seconds so they would be great for point of sale type stuff.. merchants would have a bit of confidence for small purchases after just a few seconds. Of course for large transactions you would still want to wait for the 6 full real confirmations. Anyways.. just a thought.
The point of a conformation is to make it difficult to double-spend and difficulty is based on hashing power x amount of time required to hash. It does't matter how many blocks are solved in the mean time; ten blocks one every 10 seconds and one block once every 100 seconds gives you exactly the same amount of security if the overall hash rate is the same. |
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Seller: Puts up Bitcoin for sale. Bitcoin is transfered to a multisig address. Seller has one priv key, P2Coin stores the other in a way that the seller has no access to (ex. encrypted, with a timer set to expire and release the key and the funds back to the seller after a day or two). Buyer: Puts up USD for sale, selecting Dwolla. TraderBot verifies balance exists. Sale is matchedBuyer TraderBot scans P2Coin for other Dwolla users and selects one at random. USD is transfered to the random Dwolla account, with owner info of the this account stored in the chain. Seller TraderBot verifies that random Dwolla holder received the funds. If funds are received, it send its own private key to the buyer, and requests random user's TraderBot to send money from their Dwolla to the Seller's account. Third party TraderBot sends USD to the Seller, notifying P2Coin. P2Coin releases the second priv key to the buyer. Seller receives USD from random third party, Buyer receives BTC priv keys from seller and from P2Coin to get access to the BTC. Sale is not matched, or seller cancels saleUSD still sits in Dwolla BTC is not accessible until P2Coin signs the BTC for sale with the second priv key either when it's asked, or when the sale expires. Security considerationsFrom BTC side: Seller has no access to BTC due to not having the second priv key, so can not choose to keep BTC without letting P2Coin know. If he cancels the sale, P2Coin will know the BTC is no longer available. From USD side: There is risk that the randomly picked Dwolla account will have a malicious TraderBot that accepts random cash inputs, but does not send the money out when asked. Risk is reduced by making the third party picked at random, and having their account stored in the P2Coin chain. Reported scam accounts can beblocked from the pool, and reported to Dwolla. Hope this idea helps keep things moving. Also, if P2Coin is its own block chain, I suggest it only go back a few days, like the P2Pool chain, deleting blocks older than a few weeks. This will keep the block chain size small, will help with privacy, and will still give a few days to track down thieves. Though I guess someone can just continuously monitor the chain and record all transactions into their own database 
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When I install (or reinstall) Windows, I usually wipe all partitions before installing. The partition manager shows all partitions on the disk, including system, mbr, and any strange ones. I assume any virus partitions would still show up and get wiped on reinstall?
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Years ago I had a habit of asking people what they thought was the purpose of life. I heard many different ideas over several years. Most just so-so but some very interesting ones. My favorite was, "life is an exercise in self-discipline". I think that saying has a lot to be said for it. If one has never had to be disciplined to achieve something than the achievements do not really matter so much. The harder we work for something the more we feel rewarded when we accomplish what we set out to do. The more I though about it the more I liked that response. All in all, I think that is the best definition of life I have heard.
Cool, but i think the purpose of life just can't be defined by few words. Sure you can. Eat. Shit. Sleep. Mate. Fight. Play. Die.Fixed! Fixed fixed! |
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Is your daughter a furry?? Yes...
My condolences? Isn't that usually a statement, and not a question? You've never seen it used as an ironic/unsure statement? |
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I think just as Tor, BitTorrent, and Silk Road scoff at laws and exist outside/despite them, Bitcoin will exist in the same way. It's getting to the point where the government is passing laws or threatening lawsuits to try to stop something they can't control (SOPA is a great recent example), and the people are just completely ignoring them, since they will have little effect in the end (not counting the anti-SOPA protests, though if it had passed, switching to I2P or Namecoin would've meant the government would have lost even more control).
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Is your daughter a furry?? Yes...
My condolences? |
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Someone should let him know that this: From: http://luke.dashjr.org/ : By downloading anything from my personal web directory here, you assume responsibility for ensuring the copy is in compliance with the laws of your jurisdiction, my jurisdiction (Florida, USA), and my server's jurisdiction (Pennsylvania, USA). If you do not agree to these terms, you are not authorized to access this website. Accessing this website implies you have accepted this agreement as a binding contract. is totally useless and has never stood up in court when challenged. I'm surprised people still even put that up. I think at least you need to show that the visitor clicked on a checkbox to agree. And sign their name. And even then it will likely fail, since anyone can sign your name. |
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I also hate rainbows.
*RAGE*It does when he is an avid preacher of how silky smooth and hot young Pattayan boys are and how you should tip them after screwing them.
Are you saying that Pattayan boys are rough and ugly, and don't deserve tips for their hard working services? BTW, to be fair, his shows have 10,000 to 20,000 views each. That's a pretty sizeable chunk of the Bitcoin community. Either most of his viewers don't know about his background, or they don't care, so advertising with him still makes sense. |
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Someone should let him know that this: From: http://luke.dashjr.org/ : By downloading anything from my personal web directory here, you assume responsibility for ensuring the copy is in compliance with the laws of your jurisdiction, my jurisdiction (Florida, USA), and my server's jurisdiction (Pennsylvania, USA). If you do not agree to these terms, you are not authorized to access this website. Accessing this website implies you have accepted this agreement as a binding contract. is totally useless and has never stood up in court when challenged. I'm surprised people still even put that up. |
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To serve God and Jesus in all his gory! |
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Is your daughter a furry??
Also, who's got two thumbs, and had Checkers burgers in front of the TV with their s.o. for Valentine's Day dinner? (Easier with guys)
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meh, for the giggles, not very proud doing it though  Nor should you be Got a reply Hello-
We are a 501c3 non-profit and have no salaried employees and depend solely on donations. We due depends on our volunteers to help care for and advocate for the dogs. The donations that we receive fund our new Hello Bully Halfway House and care for our adopt-a-bulls (food, medical bills, enrichment toys, etc.), fund our free public educational programs and fully fund our Pit Fix Plus program, which is a free spay/neuter and vaccine program for owned pit bulls in the Pittsburgh and surrounding area. With that program we are doing our part to help control the over population of pit bulls and the over-crowding in shelters in our area.
I hope hat gives you a better insight as to who Hello Bully is what we do. Please let me know if you should need any more information or have any questions or concerns.
-Nicole
I will wait for more people to read this thread and give feedback before I decide whether to pursue this idea (If I do go to this convention, I will obviously try to donate with Bitcoin while there, but considering ALL the hotels in the area completely sold out within 2 hours of registration opening, and so far I have no room to stay, I was planning on skipping it this year...) |
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