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1841
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Bitcoin / Bitcoin Discussion / Re: Dare to be Rich!
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on: January 06, 2011, 04:33:49 PM
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This is typically called a Pyramid or Multi Level Marketing. And, besides, this is a Trapezoid. FOUR CORNERS. And, my bad, I forgot to explain how it works. First it doubles. Then it splits. Then this happens again. And again. That's what it means to be a trapezoid. With this there appears to be not two, but a three pronged split. Very well thought out by the programmer. Instead of 1,2,4,8 we have 1,3,6,12 ... already a 50% increase by just the fourth step. WOW!
WOW, so now they have cut away the top of the pyramid, and they call it "a trapezoid" ? Hahahahaha Good, good. |
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1846
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Economy / Economics / Re: Lack of hard asset backing for bitcoin a problem? Witness QQ coins.
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on: January 05, 2011, 08:00:04 PM
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I think i know why we're having this discussion.
It's because bitcoin is a completely new invention - nothing like this has ever been done before, so no comparison at all to anything known. Our minds get lost because this is a completely new situation.
I believe that bitcoin is not backed nor it is non-backed. It's somewhere in between. Still better than not backed at all.
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1847
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Economy / Economics / Re: Will occasional losses of bitcoin wallets limit available maximum bitcoins?
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on: January 05, 2011, 03:23:30 PM
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If you were really lucky they'd find something to charge you with. Perhaps a burnt out tail light on your car?
Damn, i really hate this as it is very common in my country. You come to them asking for help, and you get your ass kicked instead. What? Don't they work for you? Not really. Not in this country... If you don't get service that you like stop paying, they aren't going to force you to keep paying, they aren't the criminals.
/sarcasm
If you stop paying, you go to jail. Closed loop. |
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1852
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Economy / Marketplace / Re: What we still don't have
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on: January 05, 2011, 03:43:05 AM
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A map+menu sounds like a fine idea! We also have an organic garden!
Poland you say ? What city are you from ? / Polska mówisz ? Z jakiego miasta jesteście ? Portland, Oregon in the US. Sorry! So the garden is not in Poland ? Have I totaly misunderstood something ? |
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1853
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Economy / Economics / Re: Lack of hard asset backing for bitcoin a problem? Witness QQ coins.
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on: January 05, 2011, 03:40:44 AM
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Well, you're right. It's not exactly "backed". It's more like soft-backed, or half-backed (not half-baked).
It's not backed in something physical, but every coin is linked to something intellectual, as a solution to some mathematical formula. It's not physical, but better than nothing.
Certainly it's better than just bits on some bank's server.
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1854
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Economy / Economics / Re: Lack of hard asset backing for bitcoin a problem? Witness QQ coins.
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on: January 04, 2011, 11:15:00 PM
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1. QQ is not a hard-backed currency. 2. Bitcoin is backed by intellectual assets such as solutions to complex mathematical problems. It has an inherent value. 3. China issues this. I do not want anything to do with China government which surelly will control that currency (if it doesn't already). 4. It is ultra-inferior when comparing to Bitcoin in almost every other way. |
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1855
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Bitcoin / Bitcoin Discussion / Re: ewallet provider w/ web-based keyboard?
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on: January 04, 2011, 10:47:23 PM
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I guess I'll have to implement penile biometric identification on bitcoin central with a modified fleshlight. And what about the other half of the population? (I am a man, just wondering.) That makes me wonder.... Why would you need biometric identification in a kitchen ? |
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1856
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Bitcoin / Project Development / Re: Anonymous Internet Banking Project
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on: January 04, 2011, 10:05:26 PM
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This is my secret project I'm currently working on. A full internet anonymous/pseudonymous banking service.
Basically it will allow anyone to own financial assets anonymously (or pseudonymously) and to trade them.
It will be free and open source, because the more implementations, the better.
It will be centralized. Yes, centralized. Not P2P. Because a financial asset is not a money. You NEED TO trust someone who promesses to pay revenues from this asset. So until an other genius like Satoshi invents a dividend-paying cryptoasset, we got to stick to the reputation/trust/responsabiliy model.
Every asset account will be indentified by a cryptographic key. Several types will be accepted. GnuPG, DSA, ECDSA. Any request to accept any other kind of key will be studied. Public keys can be large, so we'll use hashes to designate accounts. Again, no restriction on the type of hashes. But only "good" hash function. RMD160, sha256, sha124,... all those hases from the same public key will be accepted to identify any asset.
Asset transfer will be possible by signing a document made of the asset transfered amount, the destination public key (or its hash) and the current bitcoin block hash as a time indication.
All transactions will be public, so that everyone can check signatures and balances. The full transaction history will be available via HTTP.
The server will be hidden on the Web using Tor.
The bank will offer a clearing/escrow/compensation service for trading assets. Crossed order books will be maintained for all possible asset pairs. Real-time fast trading should be able via XMPP/IRC/Jabber, whatever.
Bitcoin would make all this much easier. I doubt I could do that all alone, but I very much would like to live long enouhg to see this becoming reality.
Haven't i heard this somewhere ? What is the difference between this and loom ? https://loom.cc/ |
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1857
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Economy / Marketplace / Re: What we still don't have
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on: January 04, 2011, 10:02:13 PM
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A map+menu sounds like a fine idea! We also have an organic garden!
Poland you say ? What city are you from ? / Polska mówisz ? Z jakiego miasta jesteście ? |
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1859
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Economy / Marketplace / Re: bitcoins from newegg!
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on: January 04, 2011, 09:54:14 PM
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yep just notify me.  edit: the only hitch is it could take up to 30 days...to protect myself from returns... So how does this work, exactly ? |
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