|
What operating system are you trying to compile a devcoin client on?
-MarkM-
|
|
|
|
|
Are Liberty Reserve and Pecunix and other digital bullion systems reversible?
If not maybe they could use digital bullion as collateral or, even simpler, buy using digital bullion.
-MarkM-
|
|
|
|
|
Well I guess there does not seem to be much interest, I had somehow gotten an impression some folks thought shorting was really important.
I wonder if there would be more interest in shorting something else, like maybe gold, silver, platinum?
-MarkM-
|
|
|
|
|
First step should be to localise all the details of the code that make the program look like it is one particular type of coin.
That is, all the places where the name of the coin is displayed and so on.
That way any "colour" of coin or any "alt" coin can be built easily as all the strings and logos and so on that are different from one coin to another will all be in one place easy to switch/change.
Similarly, the key constants that make it one coin or another: the port and rpcport, the IRC channel, the DNS seed and so on.
Basically make the code generic. First step to making it easy for people to create their clients easily for their chosen colour of coin.
-MarkM-
|
|
|
|
Coming Soon - Black Pearl Investments
15% weekly interest. Anybody can open an account!
Don't bother asking where the bitcoins go, we wont tell you.
You know how this works, come get some of the booty!
Aaaarrrr, lad, that's the spirit, aarrr! A measly one percent a day is kid stuff!  -MarkM- |
|
|
|
Allowing fiat to insinuate itself into your operations can be perilous. At best it tends to invoke all kinds of overhead in the way of regulations, which likely in turn lead to expenses. At worst it can pretty much rule out being able to operate at all. Thus it seems there is a real need for at least one altcoin, whichever one, just some alt currency to use as the "backdrop" in techniques such as the one described at https://bitcointalk.org/index.php?topic=103699.0-MarkM- |
|
|
|
|
I notice you mention that percentage commission on trades somewhat limits you, but then I also notice you like to place huge numbers of tiny trades.
So I am wondering whether the fee structure used by Open Transactions, in which there are no percentages but there is instead a "usage token" fee per API call, would tend to seem better or worse than the "traditional" commission-percent type fee structure?
-MarkM-
|
|
|
|
I had pulled from git just yesterday or the day before, bt since you asked, I did a git pull again: git pull
remote: Counting objects: 23, done.
remote: Compressing objects: 100% (18/18), done.
remote: Total 18 (delta 13), reused 5 (delta 0)
Unpacking objects: 100% (18/18), done.
From https://github.com/forrestv/p2pool
a8fb7d1..2adf77e master -> origin/master
* [new tag] 4.0 -> 4.0
Updating a8fb7d1..2adf77e
Fast-forward
p2pool/data.py | 2 +-
p2pool/main.py | 12 +++++++-----
p2pool/work.py | 2 +-
3 files changed, 9 insertions(+), 7 deletions(-)
So no, I evidently was missing the last couple of days of updates to the github repo. Thus I have halted p2pool and restartedi t so make sure it actually uses the latest changes. The way that I exported a private key from a bitcoin wallet and imported it into a devcoin wallet was with the python script pywallet.py -MarkM- EDIT: I wonder what that new tag thing is about in the git output. I wonder if it is hinting I might not really be getting the latest code just by pulling. NOrmally pull works but I don't know what tags are about; the other day I had weird problems with luke-jr's version of PPCoin due to him using a branch, which I am guessing is not the same as a tag... |
|
|
|
|
Demurrage is income interest? Weird, somehow previous discussions of demurrage had always seemed to imply a currency that loses value not one that gains value. Is demurrage really the right word?
-MarkM-
|
|
|
|
|
I think I might finally have hit upon a method of implementing longs and shorts without risking bankrupting the exchange:
long+short basket currencies.
For example a long+short basket for bitcoins would consist of a basket of two currencies, one of which is long a bitcoin the other of which is short a bitcoin.
Obviously there has to be a backdrop, a background, a something against which the shortcoin will still total up to a positive value, otherwise no one would buy the shortcoins, they would be liabilities, not assets.
Since it is often perilous to allow fiat to insinuate itself into one's affairs, let us use for our example basket a backdrop/background of litecoin.
Let us suppose we are pretty darn confident that bitcoins will never be worth more than a thousand litecoins. That is a somewhat arbitrary number, we could use ten thousand, or a hundred thousand, or a million. What is important is that our shortcoins have a positive net value no matter how many of our backdrop/background units the currency we are wanting to do longs and shorts in ends up being worth, "within reason". By "within reason" I mean we really seriously do not expect the shorted unit to ever be worth more than the backdrop provided. If that means the backdrop needs to be a million litecoins, fine. If we can get away with only a hundred thousand, better, because the backdrop is basically a deadweight ballast making the trading of longs and shorts more awkward; it is in essence the collateral and it needs to be large enough that no margin calls will be called for.
Each unit of the long+short basket currency consists of a longcoin and a shortcoin, each of which consists of one ballast-size (a thousand? maybe ten thousand? the size we decide is needed to ensure it will never be worth less than a bitcoin) of litecoins plus or minus one bitcoin.
So if we do settle on 1000 as our required backdrop/ballast scale, one long+short basket would consist of one shortcoin worth 1000 litecoins minus a bitcoin, and one longcoin worth 1000 litecoins plus a bitcoin.
The server/exchange can thus issue this basket currency confident that each unit of the basket needs only 2000 litecoins to "back" it. The long a bitcoin and short a bitcoin cancel out.
Baskets can be broken up into their components, so a person wishing to go long bitcoins buys the basket, retains the longcoin and sells the shortcoin. A person wishing to go short bitcoins buys the basket, retains the shortcoin and sells the longcoin.
Does this make sense to anyone or will it just boggle the minds of the potential customers?
-MarkM-
|
|
|
|
|
The price is climbing nicely now too, maybe these Japanese early adopters are going to make a lot of money...
-MarkM-
|
|
|
|
|
Research "botnets"...
-MarkM-
|
|
|
|
|
So what is special about Habbo Hotel furniture then that it gets special treatment? Or is that just Urban Myth?
-MarkM-
|
|
|
|
Hmm, p2pool's console output is saying it has 8.4% stale rate and the p2pool network as a whole has 7% stale rate, and our percent has slowly been creeping down toward to overall network's rate though when running so many merged chains it is to be expected that there will be some impact on the primary chain from all the extra processing the system is doing to handle all the additional chains.
p2pool has 10 second longpoll times. High stales are likely to be expected. Does it consider a result a stale if it's stale on the altchain but not the primary chain? Hmm probably people on p2pool's own thread would be more likely to know the answer to that. Interesting question, presumably the author had some particular reason for doing it one way or another way, its been worked on a long time with lots of fixes. I guess that doesn't mean its about as good as it can get yet though I suppose. -MarkM- |
|
|
|
|
Hmm, p2pool's console output is saying it has 8.4% stale rate and the p2pool network as a whole has 7% stale rate, and our percent has slowly been creeping down toward to overall network's rate though when running so many merged chains it is to be expected that there will be some impact on the primary chain from all the extra processing the system is doing to handle all the additional chains.
-MarkM-
|
|
|
|
Because none of those big Pirate backers are getting out their pitchforks. In fact most of them are still tacitly supporting him.
There are not so many explications for this. Either it is not a ponzi and somehow Pirate will pay up, crazy as that may sound to anyone who has no more information than I have.
Remember that early adopters could easily have already received far more than they put in. Rather than have it clawed back it might seem more politic to them to simply continue the charade... -MarkM- |
|
|
|
|
So basically Sunny King is a reincarnation or emulation of RealSolid, in effect?
-MarkM-
|
|
|
|
What's wrong with deflation and bitcoins being "too valuable" anyway? He who wants to starve and be "rich" will hold bitcoins, and he who wants to eat and be "poor" will buy some bread (from a farmer who is happy to be paid in valuable bitcoins). In another words, the market will find an equilibrium. Or he who wants to build an empire can loan the money, earn lots of interest, then cause deflationary swings by withholding money from the market (credit crisis) and benefit in the same, sadistic way that banks do now by profiting handsomely off of the bankruptcy of others. This is why entities looking for financing shop around, and why General Finance Corp (GFC) was formed to help them shop around. Already many operations that were initially started up using 1%/day loans from General Mining Corp (GMC) and General Retirement Funds (GRF) have been refinanced at half that rate, in DeVCoins, thanks to General Financial Corp, and also several obtained refinancing from the Brits, denominated in UKB (United Kingdom Britcoin), the Canucks (denominated in Canadian Digital Notes) or the (Galactic) United Nations (denominated in United Nations Scrip). The more altchains the better, to provide all the more options for those seeking financing outside the sandboxes of Old Money factions/groups... -MarkM- |
|
|
|
|
Show Posts
Any links?
