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1  Alternate cryptocurrencies / Speculation (Altcoins) / BTSX+BitUSD vs NuShares+NuBits - which will win the USD peg war? on: September 23, 2014, 06:46:46 PM
BitUSD peg has been holding decently (~5% spread) and recent market mechanic changes mean BTSX bulls can play market maker which should tighten it up significantly.

NuBits are still quite new and I still don't understand the peg mechanics very well - is it just NuShareholders tweaking interest to try to achieve NuBit demand?  That said, Jordan and his team are exceptional and I am sure they have thought it through very carefully.

Anyway:  which are you more confident about?
(disclaimer: I'm a bitshares dev)
2  Alternate cryptocurrencies / Altcoin Discussion / Truthcoin forum launched. Prediction markets on a blockchain. In development. on: May 27, 2014, 11:58:38 PM
3  Economy / Services / BROWSER EXTENSION - looking for developer. Get paid! on: March 17, 2014, 08:18:34 PM
For this:

We are serious about this, we want a quality developer, we all know what you're worth and we're willing to pay for it.
4  Alternate cryptocurrencies / Altcoin Discussion / .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS. on: March 17, 2014, 07:09:03 AM
NameShares and .p2p

Bitcoin Derivatives vs BitShares Derivatives

Bitcoins have no dividend or potential future dividend, therefore not like a stock. (They’re) more like a collectible or commodity.
-Satoshi, Aug. 27, 2010

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
-Satoshi, June 21, 2010

Initial Distribution?
Angelshare/Protoshare/Namecoin holdings at not-yet-decided snapshot date.

Mining Algorithm?
Go away!

What's TAPOS?

It’s hard to imagine the Internet getting segmented airtight. It would have to be a country deliberately and totally cutting itself off from the rest of the world.
-Satoshi,  July 8, 2010

When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979.
- Satoshi, July 9, 2010


So will this be competing with Namecoin?
Yes, in all the best ways. We won't interfere with .bit and hope both projects can learn from each other. We're not after any namespaces except for one TLD.

Ask questions so I know what info to update with.
5  Other / Off-topic / Daniel Larimer is a prophet on: March 04, 2014, 06:39:05 PM
6  Economy / Economics / Businesses that *spend* bitcoin? on: January 27, 2014, 03:46:07 PM
Can we compile a list of known businesses which do not convert 100% of their bitcoin to USD but actually use BTC for business expenses?
7  Bitcoin / Bitcoin Discussion / Bitcoin Decentralization Initiative on: January 11, 2014, 07:56:53 AM
The Bitcoin Decentralization Initiative and Decentralization Fund

Everybody who has any investment into the bitcoin ecosystem should be interested in mitigating the existential risk presented by 51% and 26% attacks against the network.

I'm done hearing people talk about how nothing can be done about Bitcoin's centralization concerns and how "it's a free market! you can't do anything!". We *are part of* the free market. We as a community can help incentive structures in a way that encourages mining power to become more decentralized.

I am making the collection and allocation of resources towards promoting network health and reducing the amount of centralization we currently see in the Bitcoin network an explicit goal of mine. Naysayers need not waste their breath.

Actionable Plans
* Put a bounty on bitfury asic integration for p2pool
* Put a bounty on creating a "bitcoin network health" infographic. Some important points:
    - An attacker does not actually need >50% hashrate to successfully double spend.
    - 26% attack exists.
    - "A pool with >50% wouldn't attack because they would destroy their own business model" doesn't really matter: What matters is how many people someone interested in *destroying bitcoin* would have to coerce.

Short-term goals:
* Establish credibility for the Fund by gathering a team of knowledgeable and trustworthy community members to guide and manage the allocation of resources.
* Foster discussion for the purpose of creating concrete and actionable plans for the Fund for both the short- and long-term future.
* Solicit donations from large BTC stakeholders who are interested in hedging against catastrophic loss of value

Medium-term goals:
* Fund the development of p2pool, particularly features that promote ease-of-use and profitability.
* Jumpstart p2pool adoptation by subsidizing p2pool miners (adding 1% to block rewards for p2pool payouts for a week, for example)
* Help smaller mining pools implement features which make their pools more competitive against the current largest pools.
* Educate the community about bitcoin network health

Long-term goals:
* Create a balance of mining pool control across jurisdictions. Most mining pools currently operate inside the US.
* Work with the core development team to make changes to the reference client to help support decentralization (for example, direct p2pool integration into bitcoind).

8  Bitcoin / Pools / Why are people drawn to, and how can we reverse it? on: January 09, 2014, 03:43:20 AM
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.

Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
9  Bitcoin / Bitcoin Discussion / Bitcoin Decentralization Fund - subsidizing small mining pool operators on: January 03, 2014, 09:35:44 PM
We are all interested in preventing 51% and/or 26% attacks.

Let's discuss whether or not it is feasible to subsidize small mining pool operators (those with 5-25% of the mining power) to make it more profitable for miners to switch away from large pools. I am not terribly familiar with the various numbers you'd need to make this calculation, so I invite the community to try to figure this out.

I am sure many of the early adopters would be willing to donate to protect the value of their BTC. This can be a dynamic process, with subsidies scaling up with "centralization alert" level and scaling down as the pool gets closer to the 25% maximum.

I look forward to hearing what everyone thinks.
10  Alternate cryptocurrencies / Altcoin Discussion / How to ruin Dogecoin on: December 25, 2013, 10:56:19 PM

It's a race! Which will happen first, developers raise tx and get all miners to update, or will pissed of BTC seriouspantses destroy the network?
11  Economy / Goods / 4 gigs of ram on: July 30, 2011, 01:37:39 AM

^That, used. Make an offer.
12  Bitcoin / Bitcoin Discussion / gambling for bitcoins: is there any legal precedent? on: July 26, 2011, 05:55:33 PM
Suppose I make a site where users gamble their bitcoins. Suppose it gets popular. Should I go ahead and get hosting outside of the US? What exactly do gambling laws say about virtual currencies?
13  Economy / Services / Question to web developers on: July 16, 2011, 04:43:22 AM
Am I wasting my time seeing if I can find a web developer who:

1) Is willing to invest time into a potentially risky project and get paid a percentage of profit instead of an upfront price
2) Knows at least a little bit about working with bitcoin from a web application
3) Can somehow guarantee they won't just take the idea if they think it's profitable

Honestly I wouldn't be surprised if this is really unreasonable, but I might as well ask.
14  Economy / Goods / [WTS] 1 year SPIN magazine subscription, 0.5 BTC on: July 05, 2011, 09:28:30 PM
Title says it all. Cheaper than online subscription price and MUCH cheaper than newsstand price.
15  Economy / Services / Starcraft 2 coaching 1BTC/hr on: July 04, 2011, 05:01:27 AM
I've seen some people on this forum mention they're into sc2. Figured I should extend my services.

I'm a master level protoss, diamond (almost master) zerg, and maybe low diamond terran (my 1v1 is diamond right now because I've been practicing T a bunch and my MMR dropped like a rock). I've had repeat customers when I charged $20/hr, but I'll do 1 BTC/hr for bitcoin's sake.

I can't help you if you're already Masters, sorry.

If you're below diamond, I can estimate how long it will take me to coach you into diamond after one session and then can guarantee you I can get you in provided you actually try to apply what I teach.
16  Other / Beginners & Help / Quick question about addresses on: July 02, 2011, 12:54:26 AM
When you're sending coins from your client, is the "from" address on the recipient's end obtained in the same way the address is obtained when you click the "new address" button on the client? In other words, if I am 100% sure that someone who sent me BTC did so from their bitcoin client, can I send their BTC back to them using the "from" address in my transactions list? I know as a merchant you're supposed to ask for a return address, but I think that's only because many people use e-wallets which could mess things up.
17  Economy / Invites & Accounts / Steam account w/ Portal 2, TF2, CS:S on: June 30, 2011, 07:41:07 AM
Title says it all. Worth $80 $70 (now that TF2 is free). Willing to haggle. Please PM me and we can work out the logistics. I am selling the entire account - I am NOT gifting these games individually.
18  Economy / Marketplace / Best way to minimize fees when converting cash to bitcoin and back? on: June 24, 2011, 03:47:50 AM
What method has the least total fees? Without having to send cash through the mail, that is.

Is it direct exchange at #bitcoin-otc after depositing cash to paypal via a prepaid card you buy at the grocery store? There must be better ways. Perhaps keeping an up-to-date thread with advantages/disadvantages of different exchange systems would be helpful?
19  Other / Beginners & Help / Hardcore libertarians: explain your anti-IP-rights position to me. on: June 23, 2011, 11:17:19 PM
Disclaimer: I'm generalizing the anti-IP-rights position to all hardcore libertarians because I've seen several who hold this position. If you believe anti-IP-right are not consistent with what it actually means to be a libertarian, then correct me. I still want to know what people who do hold this position think, though.

Suppose I am a master chef in a small village. My food preparation method is healthier and tastier than other alternatives. There is no way to reverse-engineer my food preparation method from the food I serve. I want to write a cookbook. It will take me 500 hours to write this cookbook, in which time I could just make more food to earn me some money. My secret recipes are so good that it is clear that society as a whole will be far better off if more chefs could utilize my techniques than if I spent the 500 hours cooking better meals for a small number of people. You would agree that it is better if this method was known to more people.

What incentive do I have to write this cookbook? If I try to publish even a single copy, any established book publisher with more efficient book-printing resources than I do will be able to prevent me from earning any money while earning a hefty profit themselves. The only possible solution I can think of is the idea of selling my final draft of the cookbook to a publisher - that is, selling the right to be the first person (besides myself) to see what I have written so that they can publish it. The publisher would only offer me prices comparable to what I could make with IP protection is if they were able to read it first, in which case I would have to have some contract protecting my IP rights with this company (but again, this requires a government to enforce this contract, which means IP is something the government has to recognize).

edit: Also, assume the IP protection I'm talking about is temporary (enough for what I make to make the time investment worth it), not something that would give me permanent control (maybe like music copyright, but shorter and without the draconic punishments from infringement).

(also, sorry for posting in the wrong forum, but I don't have privileges to post everywhere yet)
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