Just one question really.


How do account for volume/depth between exchanges?


I.E.

MTGOX  1000 BTC @ 5 USD
EXCHX     10 BTC @ 4 USD

etc...


I can see it on a small scale but not a large scale and not to mention all the competition from all the other bots trying to do the same thing.

Lol, Yes as opposed to IRC from the 80's.

He did ask for Easy.

Didn't think I did. OTC - Over the Counter, Mailing List (you know like the one everyone has on a regular basis)

Make Offer -> Click Reply All -> Accept Offer -> Click Reply All : Send P2P for details -> Complete Trade : Click Send All -> Confirm Deal : Wait for next Offer.

Plus with the caveat of it all being encrypted.

Thunderbird with Enigmail.

Hey, if everyone else hears 'voices', are they normal? And would that make the others abnormal?

If everyone is out to get you, are you paranoid?  If so, if everyone is out to get your money, are you still paranoid?

Nietzsche told me not to drink, Freud told me it's my mother's fault. They obviously never had an Irish Mother.


Something tells me, if you switch to Psychiatry over Psychology, you would get 100's of PM's.  (just a guess)

Lets do an extreme example: Lets replace (he) with Warren Buffet.

Warren: I want you to invest with me by buying bonds and I will pay dividends on your investment. By the way, I am going to use your money to become a Billionaire and make money.

Investors: Where do I sign.


Now, I am not implying that Giga is Warren. But he is aspiring to become Warren and willing to possibly bring others along for some profit. It is entirely possible that it will not work. That is why it is called: INVESTING.

Best Coupon Bond offering I've seen on the forum.

All the information laid out for others to 'do the math'?


btw:



Dude, your wife is bald.

+1

Correct. You can't put Corporations in Jail. The worst one could do is destroy the corporation financially.

However, your point is taken and has been used to perpetrate some huge crimes upon the public.

I will go out on a ledge here and say: Any person that seeks Public Office or become an Executive in a Public Corporation should be mandated to have full financial transparency. e.g. Every Penny spent private and/or personal would be accounted for to the penny.

If they don't want that level of scrutiny, then don't take the job that will pay you millions of dollars (if you act appropriately).  As for the Public Office, this would be even more crucial because the risks are far more greater than a single corporation going bad. It would be governments (Federal, State, and Local) going bad.

Ironically the IRS and Feds want to track every penny YOU spend. I want to track every penny THEY spend.

At onetime, Yes. Now however, the person(s) in question is/are known around the world.

But to use your example towards a IRL situation. Communities exist; participation in them is a choice. Take NYC, there is a Brighton Beach Community, a Chinese Community, a Jewish Community, etc...

  I've been following a thread on the forum where a member of the community has defaulted on debts. The solutions, while at first, seemed to be public airing of ones dirty laundry. Many have come to dislike that behavior and at times it is inappropriate. The decision on whether such behavior of public airing is and should be done on a case by case basis. If it is just to discredit or hurt, then it is reprehensible. But if it is to correct behavior and apply consequences to ones actions, then it can be acceptable.
 When one hurts a community through intentional or even unintentional acts, the community responds to 'try' and make one feel bad. A form of 'Shunning' or 'Stigma' is placed on the individual. I would caution that the community should not forget to allow a path to redemption. Without such a path, it will hurt the overall community. The 'shunned' should with time and retribution to the community be allowed to continue within the community.
  The choice of redemption, once allowed by the community, is squarely put on the individual. Does that individual, no matter what his circumstances or current problems are, choose the path of redemption? Basically, slowly but surely right all wrongs and make the community whole. With time, after the community is made whole, the community will accept that individual back into the group. And will probably be more 'Trusted' then before. Because he has shown that when problems arise, he will not run and hide. He will stand up, struggle, and slowly make people whole. He will withstand the insults (true or not) and squarely face life with a good character.
  The community does itself justice by allowing this process to happen with time. The time required is mainly up to the wrong doer and others willingness to forgive. The Bitcoin community has/is showing many signs of how economies and societies have emerged throughout our history. What people have lost today, around the 'civilized' world is the sense of community. Rather they rely on the 'legal' system to right wrongs rather than the community righting the wrongs as a whole. Many people once convicted of something are thrown away as 'no good' or 'damaged' goods.
  However, wrong doers should be forewarned. The path to redemption is never easy, always hurts, and has a lasting effect on your name. Stories will be told about you for a long time to come. I would hope you choose the long hard path and be accepted back. Or as many weak willed, non-community oriented people choose to do, they run and hide. The only problem with choosing that route is you are not part of a community, you are an individual ( a lonely one ) who's character means nothing to yourself. Yes, you might have 'successfully' stolen money and equipment and think that you won. The sad part is that you lost way more than you stole. Character has nothing to do with wealth, status, or position. It is a badge that people wear without intending to wear it and when it gets tarnished they promptly try to polish it no matter how long it takes.

Thread resolved:

http://volokh.com/2012/02/23/eleventh-circuit-finds-fifth-amendment-right-against-self-incrimination-not-to-decrypt-encyrpted-computer/

JackRabiit +1


Capitalism is alive and well. lol.

Who ever sent the formula's thanx. I kind of new it was a little more than what most where saying. Getting rid of the outliers (good term in this case) was the snag.

I think your missing the overall point here.

What people are looking for, even for a newb, is at least some research on your part. Rather than just saying, I want a mining rig.

e.g.

I want to buy 2 BFL Mining Rigs that will generate 1.6 GH/s for a BTC income of 0.8 BTC per day estimating the current PPS rate at Deepbit.

And then the schedule of repayment over time, subsidized or not with your income.

Without the basics being done on your part, you are representing yourself poorly. It's like me saying, I want to open up a McDonald's Franchise. Someone loan me 5 Million. I'll look up how to run it later.

BTW. If you can offer your Car as security, hence you own it outright, it might be cheaper to use a Title Loan shop rather than pay the interest here. But, someone might take you up on it.

You are the first person to mention scammer.

SolidCoin


Oh, but wait.

Well you kind of do. IRC is pretty popular around these parts.

   Having been asked about a P2P Exchange System and after some thought on the matter, I am looking for some feed back before I write an Abstract for an entity.

   Some might know that these systems are already in place between companies to bypass the exchanges (NYSE, NASDAQ, etc...) Although, I am not familiar with a system that allows individuals to participate. BitCoin has an opportunity to allow this and possibly can be expanded into traditional currency exchange. If the latter comes to fruition, a p2p exchange would become huge as anyone with a computing system could become an exchange.

What is the biggest reason exchanges are used?

I believe it comes down to "Trust." One must trust the exchange and that the numbers are correct. Traditionally this method of acceptance is done by reputation over time.  The inherit flaw in this is that past reputation is no guarantee of future reputation. Madoff had a high degree of trust, until.

How can reputation and past performance be taken out of the equation for a future performance guarantee?

Lets put the trust in mathematical calculations. As this is election season in the U.S., many are familiar with Scientific Polls that report to within a certain percentage the reflection of individual sentiment to with in a ± percentage, usually less than 5% some as low as 1.5%.
Ironically for this system to work effectively there needs to be a starting point, i.e. exchanges need to already exist.


   The premise here is to create a P2P System that every Bitcoin user has and uses for every trade. Scientific Polling algorithms could be used to prevent intentional skewing of the current price. As a bonus, this type of system would go a long way to prevent intentional market manipulation.

   Past trades need not be saved all the way back to the beginning as this is not a analysis system. The last, say 30 days, and a moving average would suffice. At sometime in the future, it might even be beneficial to include it into the BitCoin App itself.

  Initially users would rely on the price of the traditional exchanges for their rates of exchange. But as more and more people use the system, the advantages would become apparent to them and could transform the traditional currency exchange system in use. As the P2P exchange rate approaches the current traditional exchange price using the Scientific Polling Algorithms and maintains a price that is close to the current market rate, users will realize that one can conduct exchanges without paying an exchange, giving up personal information, keeping the exchange private between the two parties conducting business.

 In effect, this system would turn every user with Bitcoin into an exchange and open up more opportunity to expand BitCoin usage. Also it could provide a secondary exchange system between currencies. e.g. USD-YEN-GPB-EUR-BTC etc...
Obviously the more people that use it the more accurate the price will be. This is where the current system of exchange is applied. The price will be closely matched to MTGOX or other exchange prices and as usage grows a divergence would occur.


The above is just a premise pointing out some benefits. I am looking for feedback and some negatives before I construct an Abstract of the system.

I am not familiar with all the algorithms that are used to reduce polls to an ± percentage of error or even if they could be applied to the system for the intended purpose. I have been pointed in a few directions but am looking for some feedback.


Thoughts and Ideas Please.  

As Copumpkin and his fiscal acuity pointed out, this doesn't make sense financially. As a BitCoin experiment, it might. A better experiment would to get your landlord to accept BitCoins.

I see this as a Rent 'Short'.  Ingenious if BTC goes down, no so much if it goes up.

How's the magazine coming?