"User 'crypto coin trade capital' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting."

With that said I think having random people with no experience running exchanges is dangerous.

Hello, I'm interested in joining. I was a member of the old group with you but left because it was poorly run / scammy. (I have a much better feeling about this group.)

Holy shit OP. I actually found coinpair.com when I was trying to find domains for my startup! I saw your first prototype and just thought "wow." Why did you never release it? It was excellent then and its excellent now. God damn it man: you were literally 2 years ahead of the curve but never did anything with it! Now shapeshift.io has launched with your exact idea and they're getting all the recognition for it. This same thing has happened to me a lot but usually its competitors with a worse product than mine claiming the same benefits (and somehow getting more attention than me): perhaps even worse than what happened to you.

In the future, you should believe in your ideas more. Perhaps I should have gotten in contact with you when I first saw the website. I would have at least encouraged you ... although I was very busy at the time so I apologize.

You know that feeling you get when you're reading something that's truly mind-blowingly brilliant and unexpectedly creative? Like when you first read the description of how the blockchain solves the byzantine general problem?

My question is have you ever had that same feeling from reading another work where you were truly excited about its implications? And to a more general extent: is there anything out there like Bitcoin that's similarly novel and brilliant?

(Computer science has had a lot of innovation but I can't even think of anything in the rest of computer science that gave me the same reaction as Bitcoin. Maybe some of that cool !@#$ with functional encryption but its a little hard to get excited about theoretical computer science.)

I will do this work for free, however my condition is that the software must be written in brainfuck and use rot13 for all "hashes." Will you accept OP? I can guarantee the most secure exchange around.

Yes well, you're better off just doing some research on the forums and figuring out what people want. If you want to do something for the sake of cryptocurrency I would suggest developer / debugging tools for things like raw transactions (and TX validation) as a good start. Otherwise, there isn't much mystery to this team. They're still throwing around ideas vaguely and hoping to make money.

Summary of the "team" situation so far:

• Group of loosely related individuals, none of which seem to have much experience with business
• Everyone on the team is working on separate projects - no real organization about anything - not even a group repo
• Project is run by a guy who barely speaks English, is paranoid, controlling, and thought a Ponzi scheme was a good group project
• Several other members also thought the investment schemes and Ponzi schemes were good ideas
• Braino and myself were kicked out for disagreeing with OP who apparently fears any amount of autonomy
• The rest of the team members there aren't working on anything team related (or anything interesting)

That just about sums it up. Please take my name off your team list. I'm not wasting any more of my time on this.

Seems completely legit and not at all in any way related to money laundering.

Sure, if our visions were 100% compatible but developing our own means we have creative control.

You got a lot done for only a few days of down time. Have you slept yet?

There's already quite secure wallets e.g. Armory and Dark Wallet but I'm wondering if these are the most ideal for a new user. Imagine being a Bitcoin virgin and using one of these wallets and its talking about all these things like "multi-signature" when "cryptocurrency" sounds intimidating enough. You would start to wonder if you've downloaded the wrong program. Don't get me wrong - these wallets are excellent and we need these features but perhaps it should be abstracted so its easier to use. I know something like a third-party signing mechanism and SMS codes would be a good compromise.


I see what you mean. I still have a few more unanswered questions regarding achieving this level of cross-platform execution but its definitely possible.

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Are there any particular cryptocurrencies this wallet should support? I'm trying not to encourage crap coins but I think there's a lot of legitimate innovation in the alt-coin space and I want to make sure I don't miss anything.

If it's sha256 I don't really care but if its using the default SMF which is sha1 should I be concerned? My password is 30+ chars with mixed charset so a rainbow table is highly unlikely. I mean, I don't want to have to do anything if its computationally infeasible to reverse

Depends what the users what. I never really liked the idea of a web wallet because it seemed insecure to me but a lot of progress has been made with multi-sig so it might be more secure now.

Please don't use Mongodb for anything to do with finance. You need to use a standard database with transaction support and full ACID compliance if you want your financial records (I'm assuming you're going to be doing at least something with the blockchain) to remain consistent.

Do you mean a full wallet with the whole blockchain or a light wallet? I assume you mean a light wallet because the blockchain wouldn't fit that well on some of these devices  . Out of curiosity, what applications do you envision for a wallet running on these devices? It kind of gives me a glimpse of new applications for open commerce systems but I'm sure I'm only scratching the surface here.

CIYAM can you create some kind of documentation that describes in very simple terms what the hell CIYAM is for? Because from a new user perspective, I go to your website to try get an idea about the project and then you immediately jump into talking about byte code and assembly and I have no clue what you're actually doing. I think this project might have something to do with creating some kind of language for executing smart contracts on oracles and then integrating this language heavily with transactions and Script - but I'm actually not sure. It would be nice if you spent some time making the project more developer friendly: tell us simply what it is for and why it is useful, how we can get the software up quickly, and maybe integrate that with some kind of online debugging system with test coins so people can try it out easily - and I think far more people would use this for R & D.

FYI, I could have completed your bounty program for the cross-chain contract - I actually already have functional code in Python so I understand the concept well but every time I looked at this project I couldn't make heads or tails where to get started. Developers are people too so if the message isn't communicated clearly and simply I usually just close the page. Looking now at your Github, I'm bombarded with shell commands and zero explanation of what a "CIYAM Software Manufacturing Environment" is for. You should probably make a proper read-me to give developers a simple overview before you jump into dependency installation.

Inb4 charge backs.

Does this have anything to do with this community? If it doesn't - isn't that kind of trade mark infringement in the sense that its misleading.

Suppose for a moment that there are a number of things which people ordinarily do (mostly) for free: things like contributing to open source projects, helping out associates with technical problems, even answering questions on public forums much like this one. These things, which are largely service-based usually require only minimal effort and would be too tedious / unsuitable to sell. Imagine for a moment I paid for your feedback to this thread and it suddenly seems quite absurd and rather defeats the purpose of having honest feedback (putting aside things like paid marketing - lets keep this simple .)

But maybe there is room for a new kind of currency? One which is based not on an implied monetary value of take-take but rather on altruistic recognition of services rendered. The currency could be issued by any individual A as recognition of contributions made by any individual B, which could then be used by B to buy small favours from A at a future date. The point here wouldn't be to use this currency to buy contributions with a monetary ploy, but rather to acknowledge them so that being asked for favours won't be seem unwanted - kind of like the social credit built between friends.

Why regular money is poorly suited for this:

• It can't be arbitrarily issued. This currency needs to be unique for every person so some kind of colored coin would be ideal.
• The economics are wrong. You are not buying and selling things, you are acknowledging them. Remember, this is for services that are ordinarily rendered altruistically with only implied benefits for doing so i.e. mostly for free. This system would formalize those relationships through the use of social credit.
• Even a small amount of money has a high psychological burden. If I asked for $1 from a stranger it would be met with disdain: he or she imagines all the things it could be used for due to its massive purchasing power. A currency based around favours would be a better model for the kind of reciprocal action seen in many online communities.
• It's utility based. The currency has a direct connection to roughly equivalent actions so this is potentially more practical than using regular money for the same purpose (its also hard to put a price on favours, btw, but similarly small favours could be a better yard stick.)

In practice: I imagine a system like this working extremely well for the open source community. You could work on any open source project you liked and there would be immediate and clear benefits for doing so. Having a certain amount of Favour (working title for this currency) is a powerful concept and you could easily use the Favour you've earned from multiple projects and individuals to achieve massive goals. Additionally, because Favour can be traded it would be possible to build a completely new economic model that was much more open to participation than anything that presently exists as the whole concept runs mostly counter to the psychology of money.

I've made a sample website for how I envision a currency like this being used: www.favourcoin.com.

Tell me what you guys think.

I actually woke up with a good idea today concerning a new way to build light wallets but its quite technical so I won't bore you. The good news is you guys are really helping us plan this so I'm more confident we can deliver a kick ass wallet the longer this discussion continues.

Great ideas so far, keep em coming.


I think you might like Reddit's Futurology board