Maybe this time there is a market for puts.
Hmm... offering the whole palette of options like last time, requires quite much upkeep and the volume is probably low. How about offering a pricing formula where you are willing to write options?
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Point 1 is true that DRK's privacy functions on the backbone of the masternode network, but even if the network were compromised tomorrow, all previous transactions would remain anonymous. Correct me if I am wrong, but if by some act of god (and excluding the ramifications of hash security not only on a mining level but on all systems secured by SHA256 being compromised), cryptonote was broken, all tx's (past, present, future) would be linked. It's a choice between on chain or off chain privacy.
Nothing prevents people from adding off-chain privacy to Monero. You can do this now by moving coins through exchanges, gambling sites, or other existing intermediaries, and people can create dedicated centralized or decentralized mixing services if the want (all of these may keep records or be compromised, but so may masternodes) You can easily add off-chain privacy to a coin with on-chain but not vice versa.
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Instamine, yes, but many coins in their beginnings have them.
Name names please. I'm curious about this peer group. Excluding the couple week POW->POS coins, and no-name coins, off the top of my head from ones that were top coins or have been around for a while: Darkcoin Feathercoin Megacoin Novacoin Peercoin Primecoin Vertcoin Bytecoin Dogecoin (although with the amount of coins, it hardly matters) Litecoin Countless others that have came and went all depending on what flavor of the week coin was hot at the time making the others launched with low diff. I have to admit I'm surprised at the sheer number, although I'd quibble that Bytecoin was not an instamine, it was an outright fabricated blockchain. Nevertheless, it is interesting and makes me wonder how many of these are accidents vs. intentional. At some point you have to wonder after the 5th or 10th time, if it isn't intentional?
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Instamine, yes, but many coins in their beginnings have them.
Name names please. I'm curious about this peer group.
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"finance is no longer an instrument for getting money into productive businesses, but for getting money out of them." [washpost]
What a stupid comment. The idea is that companies are supposed to suck up money like a black hole and never pay back to the shareholders?
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Nice job changing the subject when your previous claim was shown factually false.
Care to show me how it was 'shown false'? You claimed that on Monero controlled threads you can't "state an opinion without being deleted". Yet on the Monero Speculation thread (controlled by me, core team member), you have never to my knowledge stated an opinion and been deleted. I've deleted very few posts ever, for very specific reasons. What's more the main Monero thread is unmoderated.
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About mental illness insult I will report you. It's not nice to insult me like that which you clearly did.
He said trolls are mentaly ill, so you do agree that you are a troll? Logic ftw. Bravo pandher.
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coinits, let's have some substance along with those insults please. Forum rules.
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Not entirely, it could be two possibilities. He may be trolling (and he probably can't help it because trolls are mentally ill, or paid) or he may be talking the price down so he can buy lower. It is unlikely he has altruistically sharing his insightful analysis the world of poor naive crypto investors. About mental illness insult I will report you. You are apparently reading-challenged too. 1. Two possibilities (and also a third, unlikely one) does not constitute a statement of fact, nor an insult. 2. Even if it were an insult, insults are allowed Possible (since we don't have the time or resources to check) insults are also allowed as long as they contain any kind of constructive opinion, info or something else substantial and aren't off-topic.
About "poor" and "naive" crypto investitors, it's their choice, cant help em. Okay then, since the third possibility (altruism) is denied, which is it? Talking your book or trolling?
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Or 2) he is just doing his job. Or 3) Like pretty much any thread on bct except for the Monero controlled ones anyone can state an opinion without being deleted. No comments of yours have been deleted on the monero speculation thread to my recollection, and the main monero thread is unmoderated. Nice try though. Your boss will be proud. You should have been a politician. It's actually hard to achieve that degree of detachment from reality without putting in a huge amount of effort. Mind you Reptile surpasses your effort when he talks about Monero going up in value x100,000 like he did in this post. https://bitcointalk.org/index.php?topic=753252.msg10586531#msg10586531Nice job changing the subject when your previous claim was shown factually false. Who cares about a claim that something "might" go up 100 000x? If that's the best you've got you should give up trolling. I'll do him one better. It "might" go up 1 000 000x. Such wow!
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Now, about this "special" coin (you defined it like that), it's nothing special as it's going to die. Why is it going to die? Because marketing is too weak, dev's are realy slow (I don't care, but I see long time just some small movements).
Analyzing your words: If you believed this then you would not be in this thread, you would just let it die. your motives are clear. Not entirely, it could be two possibilities. He may be trolling (and he probably can't help it because trolls are mentally ill, or paid) or he may be talking the price down so he can buy lower. It is unlikely he has altruistically sharing his insightful analysis the world of poor naive crypto investors.
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Or 2) he is just doing his job. Or 3) Like pretty much any thread on bct except for the Monero controlled ones anyone can state an opinion without being deleted. No comments of yours have been deleted on the monero speculation thread to my recollection, and the main monero thread is unmoderated. Nice try though. Your boss will be proud.
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smooth in your estimation is the addition of payment methods Dwolla (assuming I pass their KYC) and integration with Bitinsanity via the blockchain.info free service too small of a diminishing return relative to me needing to get on an airplane to return the land of "no fly lists" to renew my driver's license (and other residency status matters) so I can qualify for Paypal's KYC?
I don't know. Frankly Paypal's merchant integration isn't entirely wonderful either. There are extra steps of logging into paypal's site, selecting a payment method, being annoyed by paypal's advertisements, etc. On the positive side, Paypal does support subscriptions with automatic renewal, and pull methods for upsells. I don't know what added compliance burden those carry if any. This is all about what is going to work for the customer base you have in mind. As you say, once you attract a lot of customers (or at least enough to attract investment) you can negotiate with the payments industry cartel bloodsuckers for something better.
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I always enjoy debating with smooth. I always get some useful result from it. As well find it intellectually challenging and it usually brings me to humor at some point or the feeling of gentleman's brawl and heading for a beer afterwards.
We rarely disagree, only we sometimes need to clarify what the facts are, then we agree usually.
I look forward to that beer someday. Stick to working on your useful project and don't waste too much time here.
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"submitted 1 year ago" I don't know how common this is, nor whether these sorts of delays used to be common. All I can tell you is that I've bought from several different Bitpay merchants over the past year, using three different wallets (one of them Coinbase -- hard to get more "average person" than that) and they've all worked the same way. Bitpay invoice comes up, I pay it, Bitpay shows paid, merchant site shows paid, all within a few seconds.
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As well, why would I bother for such a small amount of BTC?
Because you seem confused about what is going on with Bitcoin commerce when you say things like: That is the most piece of shit system I've ever seen. A merchant is suicidal if they are using Bitpay. They will get so many complaints from customers who don't know WTF happened. That is not my experience with Bitpay at all, as a customer, doing the sorts of things average people do (i.e. buying stuff).
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Your assertion of how it works is obviously false. Just declaring that localbitcoins is not a real wallet doesn't make the reality disappear.
At best it is a lousy wallet. Yes, I've used it. It's very slow, and unpredictably so (unless the counterparty is a localbitcoin wallet, in which case it is offchain and instant). If you run your own node and watch the debug logs you can see the transaction arrive right away.
Can you please explain to your average person what "debug" means? I wasn't addressing the average person, I was addressing a programmer who is apparently building some kind of Bitcoin-based commerce system. You might want to try these kinds of things to see what is actually going on in the system instead of relying on your experience with a domain registrar site. Or at least try a bunch of other Bitpay sites. Because I have and they all did zero-conf within a few seconds. Very user-friendly.
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Smooth, btw thanks I think I will contact blockchain.info and ask them why they can't sniff txs and callback before 1 confirmation. Their documention seems to indicate they are not. That is orthogonal to whether these credit card -> BTC services are worthwhile or not.
It may be that their api is run off a blockchain database and doesn't include unconfirmed tx, I'm not sure. Their web blockchain explorer certainly shows them though, so it would be an odd omission if they don't offer that in their API. It could also be they are trying to protect merchants from themselves by excluding them from the receive payments api, in that some merchants who accepted zero confirm transactions would be doing something dangerous (depending on the nature of the product).
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or Bitpay is sniffing transactions at major pools No that's not how it works at all. They are probably connected to major pools, yes, and this helps them know that the transaction is widely propagated, but you can sniff it off the p2p anywhere, usually within 1-2 seconds. If you run your own node and watch the debug logs you can see the transaction arrive right away. The risk to the merchant is that the transaction never makes it into a block, but that is not seen by customers for most Bitpay transactions (I'll admit domain registration might be different -- that is not something I've done with bitcoin). Localbitcoins is I think sending it. It may have something to do with not including a tx fee. Who knows! Bitcoin sucks! (e.g. tx fee unreliability)
I have no idea what localbitcoins is doing. Get a real wallet and try again. You realize that if you don't have the private keys you don't have Bitcoin right?
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Bitpay's screen does a timeout for 10 minutes waiting for 1 block chain confirmation. That is up to the merchant as I understand it, and the ones I've used all accepted zero confirms as soon as the transaction was "seen" on the blockchain p2p. Just a few seconds as I said. That's perfectly safe for goods and services that aren't delivered immediately at high cost. Registering domains can't accept 0 confirmations. So many other examples where 0 confirmations are not acceptable. That's not entirely true. The registrar can accept the order with 0-conf, but wait for sufficient confirmation before actually registering the name (delivery). If the registration fails after the payment confirms, you will need to get a refund, but that could happen regardless. You won't get instant domain registration, but there is no good reason to hold up the order process for this. There are actually very few types of transactions that can't tolerate a short delay between order placement and final delivery. But I also think you are technically incorrect. Bitpay and the merchant have no way to know that localbitcoins sent the payment until the 1 confirmation is seen on the block chain (unless localbitcoins and Bitpay have a collaboration).
Sure they do, they see it on the p2p which is the same way miners get the transaction in order to include it in a block (I'm sure you know this so I'm not sure why you are confused about what is going on). The problem you may run into is that localbitcoins doesn't send payments right away. It isn't a very good wallet. There is really nothing wrong with Bitpay in most cases for people using better wallets, at least not in my experience with them, which has been entirely good.
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