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721  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 06:22:00 PM
For a start - where is a "professor of economics" that backs your theory?
(presumably you would at least have one)
722  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 06:20:33 PM
I know, you'll state that the act of mining suggests that someone wanted them otherwise they wouldn't expend the resources to get them....sure ok, the act of posting trades with buy prices higher than the current suggests the exact same thing.

Of course - but if they don't post any trades with buy prices higher than the current then the price isn't going to rise.

If panic happens then there is simply no magic that is going to stop a collapse.
723  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 06:16:19 PM
If I've missed something, then the aforementioned would allow me to pinpoint it...being told "it won't work because of China" doesn't help me to highlight where I may have gone wrong, or even to allow me to provide a critical argument in return.

You can easily create back-dated models for trading that work perfectly on history but will fail after they work live so it isn't a valid test.

(anyone who does automated trading knows this)
724  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 06:10:43 PM
And if inflation (ie. new supply) is distributed equitably and fairly across all users based on their existing holdings then the net effect on them is zero.  

Again - you are assuming that anyone actually "wants" the supply (if they don't it is just some worthless thing being created).

This is very much what BitShares says about their stuff (and it all strikes me as being rather circular logic).
725  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 06:05:49 PM
Sensing some animosity here to be honest.

The grandiose claims made by so many of these crypto projects have basically not happened (beyond Bitcoin itself) so I don't mind to be portrayed as "suspicious" (but I am not being angry nor rude so I don't know why you pick the word "animosity").

The very fact that you would label someone just questioning things as "animosity" itself is curious.

Also the fact that you haven't called out @CfB for "trinary logic" is rather surprising to myself (do really think that there is any point to it?).
726  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:56:27 PM
You don't need many, you need just one of them to discover the solution.

Well - again - if you have done that then please give that solution to every major government in the world and collect your Nobel award (otherwise I guess we should blame you for the next GFC).

727  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:54:03 PM
Not exactly relevant to the discussion of our economics model as there is no autonomous entity within these exchanges serving to smooth out the volatility.

Huh?

You don't think that it is software that decides to stop the trading?
(the software might get its orders from the government but I am pretty certain that the actual decision to stop the trading is done by software)
728  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:46:31 PM
My problem is discovering a method that limits manipulative opportunities while still allowing the market to speak as a whole...and I believe the above does so.

We'll see - there are very many talented minds in China that have failed to be able to stop this "slow train-wreck" which you seem to think your system will solve.

Why not offer your services to them (am sure they'd pay you a few billion RMB if you could solve their financial woes with it)?
729  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:38:57 PM
But you don't know immediately if its a train wreck, or some whale trying to dump the price for his own gain.

When it is the government that is shutting down the trading day after day (and trying to buy enough to stop the drops) then you know it isn't just a whale (they would have executed such a whale here most likely).

We are facing "the real deal" in terms of another economic crisis about to hit us.
730  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:35:14 PM
Another issue that faces traditional monetary systems is that the feedback loop is full of delays.  By the time the controlling authority has all the information about what the economy is doing and makes a decision on what the best course of action is, the economy is already doing something totally different.

In a system such as this, there isn't that large delay, its to the minute (or even second) information on economic behavior, thus the reaction to it will be more relevant and be more efficient.

It's hard to say - the way China has been trying to handle their share market melt down is to shut it down nearly every other day (and that isn't working if you hadn't noticed).

I would agree that there is little point in "delaying things" as you just end up with a "train-wreck in slow motion" (which is exactly what we are seeing in regards to the Chinese stock market).

But overall if the sentiment is overwhelmingly negative there is really nothing you can do to stop the downward trend.
731  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:26:14 PM
My point is that governments such as China have tried and are failing to stop their stocks from falling (despite injecting billions of RMB per day).

No amount of manipulation will work - if it did we would never have had the GFC nor what is coming (which I think is going to be worse).

If you really have something that works better than all the other professionals in the world that do this stuff can come up with you truly deserve a Nobel prize.
732  Bitcoin / Development & Technical Discussion / Re: ACCT using CLTV - More Effective than a sleeping pill! on: February 09, 2016, 05:21:44 PM
Am going to have to digest your new protocol a bit but I think it is quite interesting.

BTW - if you are interested in being part of creating a decentralised exchange with this sort of protocol as the "settlement layer" then welcome to PM me (I have decided that due to the time it would take to perform such ACCTs they are only going to be good for "settlement" so order matching and general trading will be done via a separate blockchain or maybe a sidechain).
733  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:08:10 PM
So - the point that I am making is that you are assuming that there will be demand.

But - there may not be at all (in which case your modelling isn't really very relevant IMO).
734  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:05:01 PM
New supply is created because there is a shortage of supply due to increasing demand.

So actually they do have value.

So if there is no demand then no new supply is created?

Correct?

(this kind of circular logic is exactly what BitShares uses)
735  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 05:03:13 PM
That seems to imply that these new funds actually "have a value" but why do they?

(if no-one wants to buy them then their value would be nothing)
736  Bitcoin / Bitcoin Discussion / Re: Stabilized Bitcoin using eMunie economics on: February 09, 2016, 04:58:39 PM
Who exactly is funding the "buffer" (and why)?

(this is starting to look more and more like BitShares to me)
737  Bitcoin / Development & Technical Discussion / Re: Non-bitcoin cryptography question on: February 09, 2016, 02:10:13 PM
I'm trying to protect Brain against Alice lying.  In your example Alice could fix the data on her end, and then send a hash of the fixed data. Cathy would think that Brian altered the data since the data she received doesn't match the data that Alice claims she sent to Brian.  Brian needs to be able to prove that Alice changed the data.

Hmm... what I think you'd need to have happen is that Alice would need to be given the information about how the data was divided up and then sign a merkle tree of that information (which basically means that Alice is also doing the dividing up the same way to check the Merkle tree, however, assuming the work that determined the dividing up of the data up was much harder than processing a list of offsets then perhaps that isn't too much of a problem as Alice has all the data in the first place).

If you don't want Alice to keep the data after broadcasting it to Brian then I think you're probably SOL but if Alice can keep the information just long enough to sign off on the Merkle tree then you should be okay.
738  Bitcoin / Development & Technical Discussion / Re: Non-bitcoin cryptography question on: February 09, 2016, 08:41:08 AM
Let me see if I've understood the problem correctly:

Alice provides X amount of data which is encrypted and sent to
Brian who then takes a decrypted portion Y of this data and encrypts that and sends it to
Cathy who wants to know whether or not Alice really did send this data Y to Brian in the first place?

Assuming that I have understood this then approach that I would take would involve Alice and Cathy communicating (if you do not wish that to occur then I think it is going to be very tricky and especially if the data is being broken up arbitrarily).

If Brian gave you some meta data (such as the offset in X that Y comes from) then without revealing the data Cathy could send this meta data to Alice (along with the length of Y) who could then send back a hash of Y which Cathy verifies.
739  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA - Unmoderated thread on: February 08, 2016, 04:50:14 PM
I'd rather spare me the effort of digging for those skype logs of your intoxicated ramblings about how you had just destroyed the future of NXT.

Why don't you just go ahead and do that?
(you already did that before on the Nxt forum - but I'd love the rest of this forum to see what a low-life you really are)

Cheesy
(do you really think that you can intimidate me?)

Be warned - if you ever use Skype with this guy he will publish anything you type!

(and for those who don't realise this is David using his old account - probably thinking he would somehow scare me with that)
740  Bitcoin / Project Development / Re: Can you find a fault with this "slow" POW algorithm? (possible bounty) on: February 07, 2016, 07:55:56 AM
Although the main point of this topic is the "slow POW" if you post (or PM) me a BTC address I'll send you a small reward for that find @watashi-kokoto.
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