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2101  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: June 19, 2013, 07:11:50 PM
Oh, I just looked it up now that this thread reappeared and it seems I have still one single unclaimed share in BFLS.RIG... Shocked

Any way to still claim that?
2102  Bitcoin / Bitcoin Discussion / Re: Bitcoin node! - bitcoinnode.pw on: June 19, 2013, 12:18:47 PM
Yes, and bootstrapping uses DNS, so if you can resolve OP's address to connect to his bitcoind, you can also bootstrap regularly. Huh

Nice idea nevertheless but nothing extraordinary, there are several thousand nodes around the world like this one.
2103  Local / Projektentwicklung / Re: Offline PaperWallets selbst erstellen mit LaTeX on: June 19, 2013, 12:15:41 PM
Zur Info:
https://en.bitcoin.it/wiki/BIP_0038

Naja, ich sehe da nicht so den Vorteil/Nutzen für Paperwallets die man selber erstellt und verschenkt/im Safe verwahrt.
Wenn, dann müsste man da wohl pywallet darum erweitern um den private Key nicht Plaintext sondern verschlüsselt auszugeben.
2104  Local / Projektentwicklung / Re: Bitcoin Börsenprojekt on: June 19, 2013, 12:10:51 PM
was ist zb an Facebook eine tolle wahnsinns Idee ?
Facebook ist ein einfaches PHP Forum bei dem statt die Diskussionsinhalte die Nutzerprofile in den Vordergrund gestellt wurden. Selbst Nachbauten (StudiVZ...) werden immer wieder überrannt, es gibt aber auch ein paar soziale Netzwerke (Kontakte.ru oder orkus z.B.) die sich gut halten.

Sowas wie Facebook gab's auch schon vorher, Facebook hat es eben nur richtig gemacht, indem schnell auf User eingegangen wurde und sehr nahe an der Zielgruppe gearbeitet wurde, statt im stillen Kämmerchen vor sich hinzubasteln und irgendwann das tollste Projekt von allen auf den Tisch zu knallen, mit dem dann irgendwie keiner was anfangen kann außer den Entwicklern. Außerdem ist Facebook wahnsinnig einfach zu erklären und verstehen.
2105  Other / Off-topic / Re: [Selling private] I am russian sell private informations on bitcoin price on: June 19, 2013, 10:02:05 AM
Yeah, put a prediction of the price development over the next 14 days in an encrypted container (e.g. 7zip, which uses AES) and publish this here. in 15 days release the key (take a strong one) - if your predictions were correct you might attract more customers than just claiming something because of your nationality. This way you also don't risk anyone manipulating the price just to hurt your reputation... Wink
2106  Economy / Scam Accusations / Re: Jubalix trying to exploit TradeFortress's "Social Experiment" on: June 19, 2013, 08:05:40 AM
That would only work if someone willingly wants to buy one of TF's scam experimental coins... Roll Eyes
2107  Economy / Service Discussion / Re: Bitfinex users: open discussion on: June 19, 2013, 07:58:16 AM
I don't get your question:

1) You put out an offer to lend out e.g. 10 BTC for 10% APR for 30 days.
2) This offer gets taken.
3) You want to have your coins back before 30 days are over or the person taking the loan returns them early.

Why do you call this "auto lend"? The duration of a loan is something you offered and agreed to beforehand. If you need the money back earlier, set shorter durations next time or (maybe better) do NOT put money you need on Bitfinex!
2108  Bitcoin / Development & Technical Discussion / Re: [ANN] Whitepaper for the DEX (Distributed EXchange) is here! on: June 19, 2013, 07:52:53 AM
Well, you asked for my thoughts and opinions. How you derive from "I don't like your web of trust idea and it won't get better if you add layers" that I am blindly trusting some financial organizations on another continent is not clear to me.

Simple question:
How is a fiat transaction made anonymous in your system? I get it that it might be the case that vendor and user don't know/see each other because a mutually trusted 3rd party escrow is implemented, still then the vendor in some point of time HAS to receive fiat money anonymously somehow - either from the escrow agent, the buyer or somehow else. How is this done without contact details?!

Again by adding a new layer (e.g. thrid party escrow) you just move the trust issue a bit up the chain. This just means that instead of trusting that a user will pay within 24 hours and not crash my rating for free, I as vendor have to trust that the user is not colluding with an escrow agent. If agents can be manually selected it is not guaranteed at all that this is not the case and if escrow agents are assigned automatically by the system it's just a matter of setting up enough escrow agent accounts yourself.

Which brings me to another point:
How will you ensure (btw: will you even need to insure?) that there is only 1 account per person? As I understand it, this is implicit, because your ratings are so precious. As it is supposed to be anonymous though, you can never know if you are not just trading with yourself for a while to push your rating. How much collateral do I issue and who holds it when doing a trade and how does this influence the fact that I say "I am user X, I will buy 100 USD bonds from vendor X" and then do any step necessary to do so successfully, then redeem these bonds again after some time and repeat? The requirement for the vendor account holding ~1 BTC which I get back anyways upon redemption (that I can guarantee as I am both parties)?

Anyways, using Elo or the a bit more elaborate Glicko which has a time component to influence uncertainty too, you could calculate a global score that is not influenced by the amount of trades done before but rather the amount of trades with people who also already did a high amount of trades. Still it is possible to "circle jerk" and rate yourself plus the system suffers from rating inflation if more and more people join, still it might be better than a simple "+X, -Y" type of score.

Well, try to implement this system or any other rating system similar to it, make it really anonymous and I'll post a detailled guide on how to push ratings, fake accounts and scam people for fiat, BTC or both with ease... no matter which kind of rating, escrow, market tiers or other layer you add.

You can get bitcoins easily in other ways too by the way, I never bought any of my coins on any exchange (I traded them there from time to time but never sent money to buy coins).
2109  Economy / Service Discussion / Re: Bitfinex users: open discussion on: June 19, 2013, 02:35:25 AM
You can just deactivate auto-lend, you might need to mae sure that you don't have auto-renew on (you can deactivate this as well if the loan is still out though).
2110  Local / Deutsch (German) / Re: Neue Einteilung der Member Groups - Aktivität statt Anzahl Posts. on: June 19, 2013, 02:32:34 AM
4 Stellen activity, ich komme... Tongue
2111  Bitcoin / Development & Technical Discussion / Re: Make Bitcoin More Valuable with Distributed Computing Projects? on: June 19, 2013, 02:30:25 AM
I'm by far against this idea, however I have 2 reservations against "useful PoW algorithms" (other than it being a constant topic bubbling up every quarter or so, when another article writer pulls out some numbers out of his/her rear end and claims a network electrcity waste of x gazillion megawatts):

1) If PoW is useful for some applications (let's say the "primecoin" example works because somehow it is magically easy to verify that a number is prime once you know it) this gives different incentives and might also give some disincentives (what if these large primes are used to encrypt launch codes for nuclear weapons?) other than simply generating and receiving bitcoins while securing the block chain. Look at these silve quarter coins in the US for example on how a wrong incentive can look like - people are using them no longer as money but as pieces of precious metal. Why would a miner then even include transactions in a bitcoin block, if he's only interested in getting more large prime numbers?

2) I often (really often!) see claims that it can be done somehow, still I have yet to see even suggestions on what would be something that can even remotely be used as PoW without being debunkable as not being usable or not being useful within a minute.

For example my suggestion for something useful would be "predictioncoin" where you can predict what value a certain observable (e.g. stock markets, forex markets, if you have very slow blocks also weather) will have at a certain point in the future. Transactions are then finalized after the prediction has been evaluated. This is useful because the trend of these predictions themselves can also be useful, it is distributable because you can come up with your own way on how you predict the future and what kind of info you use and it is also realtively easy verifiable.
Still there are issues with central authorities, stock markets can go down, you have to trust the person doing the actual measurement etc.
An easy start would be to bet on the difficulty of the Bitcoin block chain one retarget after the next retarget. Then again this is not very useful but at least quite verifiable and relatively hard to influence.

Anyways, usefulness is also something subjective, I bet there are a LOT of people out there that think that finding large primes is not at all useful or that generating cat videos would be far more useful... Wink
2112  Bitcoin / Development & Technical Discussion / Re: [ANN] Whitepaper for the DEX (Distributed EXchange) is here! on: June 19, 2013, 02:08:09 AM
In the end issuing fiat IOUs is a regulated activity in most countries probably (as this is quite close to operating a bank) and has VERY high fines and risks involved if you try to do this illegally. There are by the way less than 250 countries recognized by the UN...
Bitcoin is not (yet?) illegal; issuing fiat IOUs, no matter if backed by BTC or not, most definitely is - and it has been already for at least decades.

This won't be a matter for "cops" to "sting" a few people randomly. Taking part in something that you described without following regulations is along the lines of busting a money laundering operation (which it essentially is) and will be marketed and dealt with at the same intensity.

Can users select their dealer (aka. vendor)? If yes, then it is easy to fake ratings by selling to yourself. If not, then it is easy to rip off people every once in a while.
If ratings are that important then how would you deal with "latecomers" e.g. someone discovers this already existing thing and wants to join too. She can only start with a 0 rating and has to do at least a few 100 deals until the algorithm even suggests her to random users?


Anyways, in the grandma example, the vendor agreed that he enters at the trade, after receiving money (she is not a very threatening person) he however just took it, laughed and went away without acknowledging the deal. How does she now still get the bonds or "automatically" give a bad rating? As far as I understood, he has a certain amount of time to complete the deal (e.g. 24 hours). What happens after that? A negative rating? Then I can blackmail vendors by threatening to never show up or just act as if I want to buy lots and lots of USD bonds (I don't have to put up collateral on my end anyways for that) and let the clocks expire. How will they force me to show up somewhere and actually hand over money? The other choice would be that nothing happens. Then this scammer got away with ripping off my grandma.

Also if they need to meet in person anyways, why can't the vendors sell Bitcoins directly for cash?

I am still not convinced at all and still stand behind my belief that rating systems and web of trust mechanisms don't, can't and won't work.

Something that might be interesting for you is to look at the Glicko rating algorithm and instead of player strength estimate scam probability + deviation. This still won't work, since until I scam I never scam but it might work better with negative ratings from time to time from newies. On the other hand this gives again incentive to rip off newies.
2113  Local / Projektentwicklung / Re: Bitcoin Börsenprojekt on: June 18, 2013, 11:55:32 PM
Ok, nach dieser Ansage bin ich dann wieder draußen mit meinem Interesse. Viel Spaß und Erfolg noch mit der Idee, was auch immer das dann überhaupt ist/wird.
2114  Bitcoin / Development & Technical Discussion / Re: Make Bitcoin More Valuable with Distributed Computing Projects? on: June 18, 2013, 11:50:39 PM
Where do you get the data from (decentralized)? there are a LOT of projects that could benefit from a Bitcoin enabled client that pays for work done instead of mining. DNA sequencing is highly unlikely to replace SHA256(SHA256(header)) brute forcing in the block chain though.
2115  Local / Projektentwicklung / Re: Nebel-Investment für interessierte Anleger on: June 18, 2013, 10:30:08 PM
Wir brauchen hier noch eine Handvoll Accounts die gerade erst erstellt wurden und sofort Anteile erwerben sowie Nebelinvestoren die außerhalb des Forums schon zugesagt und Anteile gekauft haben!
2116  Bitcoin / Development & Technical Discussion / Re: Make Bitcoin More Valuable with Distributed Computing Projects? on: June 18, 2013, 10:22:29 PM
It care if the result of the copmputation is useful because this is the difference from bitcoins and gold I can use the gold also for its intrinsic value ( building electronic circuits etc...) I can not use the result of the computation of bitcoins except as coins

...which is a good thing in my opinion, as you have no other incentives (or disincentives!) to mine bitcoins than to use them. Otherwise you might have additional incentives that might not be related to Bitcoin at all.

Some projects pay for computation, why don't people game those systems?
Which? Links? I don't know of any project where you can earn even remotely as much as Bitcoin and only a few peojects (most which probably mine Bitcoins and pay out a small amount of the earnings) that pay anything.
2117  Local / Projektentwicklung / Re: Bitcoin Börsenprojekt on: June 18, 2013, 07:36:46 PM
Naja, EUR nicht auf Kundenseite... die Frage ist, ob ihr so einen "bucket shop" wie Plus500 nachbilden wollt oder wie sonst man da echte Aktien erwerben soll. Möglich wäre es zumindest.

Auf Betreiberseite rein BTC glaube ich ist aber unmöglich wenn da wirklich Aktien gehandelt werden und keine Derivate, irgendwann werden nämlich auch wirklich Aktien auf einer Börse den Besitzer wechseln müssen wenn man nicht nur auf Kurse wetten kann sondern wirklich auch was anbieten will. Ansonsten ist das eben keine Sportwette sondern Aktienkurswette. Übrigens kriegt man auch Aktienkurse nicht einfach so gratis frei Haus gestreamt...

Der "kleine Mann" hat übrigens eher einen Paypalaccount als Bitcoins, das aber eher nebenher.
2118  Bitcoin / Development & Technical Discussion / Re: Mathematical Shortcuts To Hashing on: June 18, 2013, 07:18:32 PM
I'm sure I'm missing something here (timestamp and previous block come to mind) but would it be possible to create a burst of transactions yourself -- enough to populate an entire block -- carefully designed to make the calculation of the hash quicker than accumulating transactions from the broadcast stream?

By adding transactions, you can change the merkle root part of the blocks, yes. There is so far no known way though to find out how to "design" this input to make the output more favorable for BTC mining, so currently only the nonce is generally changed when mining for some time. Merkle root and timestamp also change over time of course, but while iterating over 1 nonce range (from 0 to 2^32) usually the remaining header is kept or assumed constant to make it also easier for miners so they don't have to constantly check for changes after every single nonce.

SAT solvers are also just fancy brute forcing mechanisms, though they have the advantage that they can be able to ignore certain paths on their own if they are not useful or redundant.
2119  Bitcoin / Development & Technical Discussion / Re: [ANN] Whitepaper for the DEX (Distributed EXchange) is here! on: June 18, 2013, 07:03:25 PM
You on the other hand assume that gateways (IOU issuers, bond creators...) in your scenario are going to be running illegally ("These collateralized fiat IOUs would certainly be regulated if they were regulateable.").

How would my grandma now actually buy her first BTC for 100 USD?

She fires up your client and requests a deposit of 100 USD. Then she gets bank account data from some "vendor" and already there somebody is not anonymous any more. Anyways, she transfers the money to that bank account and never receives the 100 USD bonds, because this "vendor" did (even though he had a good rating so far) decide he now wants some money for himself. How would she now go about to give him a bad rating, with no money and being 100 USD down? Why would anyone believe HER and not the reputable 1000+goldstarwithshiningglitter rated vendor account who claims this is just a shill account created randomly to give him a bad rating? Who would then resolve this conflict and how?
2120  Local / Projektentwicklung / Re: Bitcoin Börsenprojekt on: June 18, 2013, 06:21:13 PM
Genau deswegen habe ich gedacht, da sowieso einige Tausend Euro in Rechtsanwälte etc. versenkt werden müssen, dass das gleich eher groß aufgezogen wird und nicht 10k EUR pro Monat Umsatz als Ziel statt als Startpunkt gesehen werden.
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