Since you brought it up... What's the deal with the forum "Trust System." Everyone I talk to about it doesn't know much about it. And why do some users give "Trusted feedback" and others give "Untrusted Feedback?" If you trust a user, then their feedback is "trusted", if you don't and nobody you trust trusts them, then they are "untrusted". |
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As someone keeps in their signature: The Volatility Monster is gobbling up all my BTCitcoins!
Who, me? Does anybody actually look at signatures? One word of advice: Read through some of MPOE-PR's posts, there is some good advice in there (but there are some times when she is an idiot, so be careful) |
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I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.
Ouch, As again, this is why I like theymos, his mods and this forum. Such good people. What? They are good people until you try to expose scammers they get money from... https://bitcointalk.org/index.php?topic=137026.0 is widely known to be disreputable. It wouldn't be the first time scammers/undesirables have managed to get a moderator position on this forum, it won't be the last. Seems hardly enough to impugn the admin or the mods as a group. Remember when Nefario was a moderator on this forum? Yeah, that didn't end well. |
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There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.
If people are learning, then why is it not productive? |
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I strongly advise trading some shares for some marketing to kick up new sales. I like the openness of the business. However not sure how much longer you can go without some profit.
Did you look at the monthly statement? There was "some profit" last month. |
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Let's get the Bitcointalk community together and do some good for the victims of the storms in Oklahoma! They need all types of relief, help with rebuild efforts, help with funeral costs. I feel so badly for the children that were lost, if we can do anything to alleviate their family's pain or to help bury them, I think we are obligated.
1EAHm6HeWreP65tPNyVr29Hdybs9cMq6Ry - send donations here, once we hit a certain goal (to be determined) we can convert them to cash and send relief!
Let's do this!
Not to be a spoilsport, but why should we trust you to actually help anybody instead of just running off with the money yourself? This is a common concern with donating bitcoins to charity, so I am genuinely interested in how you will solve this problem. |
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I try not to deal in debt in the real world, why would I deal in debt on the internet?? Stick to Bitcoin, its a better idea.
Unless you only ever use cash and bitcoins, you do deal in debt. Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore. Instead everything can go through the new central Ripple bank. Ripple is designed to be a distributed system, so there is no central Ripple bank. |
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I try not to deal in debt in the real world, why would I deal in debt on the internet?? Stick to Bitcoin, its a better idea.
Unless you only ever use cash and bitcoins, you do deal in debt. Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore. |
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I like Ripple
although I dont understand how many Ripples I need to make an IOU of any decent amount
This is probably off-topic to the discussion at hand, but the answer is easy enough. You really don't need many ripples to do that, 200 will cover the account reserve requirement, then it costs one transaction fee (0.000001 XRP, I think) to send the IOU. As long as the person you are sending to has the reserve ripples in their account and has trusted you, if they trust you for 100 billion BTC, then you can send that 100 billion BTC IOU using the 0.000001 XRP. |
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I think this should be moved to "meta"?
The thing is, you can use Ripple to send IOUs denominated in BTC, so there is some overlap in the discussion of Ripple and Bitcoins. Discussions about XRP go into "alt currecies", but talkig about how to use Ripple to move bitcoins should go somewhere else in the forum, maybe "project development" or "trading".
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Please not the ghetto  And wanna be in a warm place (above 65-70 F In winter) Have you looked into buying some land in Detroit? There are some blocks which are totally deserted you might be able to get an acre for that price  San Diego, they have great weather, but it might be out of your price range. |
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Have you looked into buying some land in Detroit? There are some blocks which are totally deserted you might be able to get an acre for that price |
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I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?
Systems like Ripple and MtGox codes allow bitcoins to be sent between users without actually filling the blockchain. If bitcoins continue to grow, then maybe it will be beneficial to switch SatoshiDice to an account-based system where deposits and withdrawals go on the blockchain but most bets are handled internally. My point is that there will be ways for bitcoins to continue being used in many different ways, systems being built on top of bitcoins are a better option than having a bunch of separate cryptocurrencies. That's not answering my question. Okay, let me try again: Yes it's true, bitcoins will become a large transaction system (or small transactions if you are willing to pay for the anonominity (wtf is the correct spelling?)). No it's not true, bitcoins will be able to handle the current amount banking transactions if you include all the support systems built on top of them, the blockchain just is not scaleable to hold the entire system itself. What this means for SatoshiDice is that they will have to alter their system over time. But that is why they pay so much for technical support, so that they can keep up and running despite systemic changes. |
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Does anyone know a quick Dwolla USD to BTC method now, You aren't going to like this .. Withdraw Dwola to your bank account, and use those funds to buy on Coinbase. But you might find a trade on #bitcoin-otc marketplace. Or try finding someone on the Dwolla thread maybe. - http://bitcointalk.org/index.php?topic=78512.0+1 I used the "Dwolla to MtGox" thread to get some dollars off dwolla before my accounts had been fully verified, I traded with user BCB and things went pretty smooth. |
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I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?
Systems like Ripple and MtGox codes allow bitcoins to be sent between users without actually filling the blockchain. If bitcoins continue to grow, then maybe it will be beneficial to switch SatoshiDice to an account-based system where deposits and withdrawals go on the blockchain but most bets are handled internally. My point is that there will be ways for bitcoins to continue being used in many different ways, systems being built on top of bitcoins are a better option than having a bunch of separate cryptocurrencies. |
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Unfortunately I don't understand how ripple accomplishes this, it requires a network of friends to develop a trust relationship, so for those who have never used it before and don't have friends that use it, its worthless?
Or am I just missing something.
You don't need friends to develop trust lines, you just have to have some sort of business which you can trust. For example, one gateway which many people use is BitStamp. BitStamp only sends out ripple IOUs for bitcoins or USD which they are holding because people deposited those funds at their exchange. So if somebody gives you a BitStampBTC, you know there is an actual bitcoin sitting at BitStamp which you can withdraw if you have an account set up with BitStamp. You could also trade that BitStampBTC for USD without ever having an account with BitStamp. |
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on a more constructive (kind of) note:
We have invalidated pretty much all trends / triangles we can draw and are smurfing along beyond the apex of the grand correction triangle.
What does this mean? Which TA constructs can be used now?
I feel lost.
Looks like my prediction was correct: The price overshot, then oscilated back and forth finding the market price of a bitcoin. Now we are at the market price of a bitcoin until further news. Resume business as normal. |
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This is useless btc, he is giving. You cannot send this or exchanged.
You can send this to any other person who trusts Tradefortress. You can also exchange it using the built in exchange (but don't expect to get as much for one of these as you would for a BitstampBTC). |
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I don't see how this would work since BTC don't really gain interest since they fluctuate with the market unlike how physical money does
The point of a savings account is not to earn interest, the point of the savings account is to store the money so you can have it later when you need it. In the OP's case, having savings outside the traditional banking system opens opportunities for aid which are not available to people with more than a pittance within the traditional banking system. If you do want to gain interest there are a couple places to invest btc, like BTC-BOND on BTCT.co, (disclaimer: before investing do your own research). I think you mean to say bitcoins fluctuate with the market just like how physical money does, for example gold. |
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I don't think it is fair to bash Coinbase just because they have a similar name to CoinLab. The link you cite seems to conflate the two as the same thing, but they are actually different, and it is just plain dishonest to make a mistake like that and not fix it in the article. That might be libel?
And your assumption that they're different is based on what? (Tho I do chuckle at the implication that equating them is libel. To which one remains an unanswerable question). Global Bitcoin Stock Exchange (GLBSE), Mircea Popescue's Exchange (MPEx), both have exchange in the name, therefore they are the same thing! Really, are they related in any way other than they both have something to do with bitcoins and their name starts with Coin? Obviously equating them is insulting to Coinbase, which provides a service for exchanging bitcoins and USD, whereas Coinlab does ... something? |
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