@adamstgBit are you ready ??
I was born ready |
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Which is a sprawling 12 pages about the benefits and downsides of a government digital currency. So can you tell me the details of how Mint Chip works? What kind of cryptography does it use? When and who does it need to communicate with? If you fall in a lake is your mint chip toast? Can you have multiple mint chips all running the same account? How would they know what the other one is doing? no one knows this, and if anyone does they are not allowed to give the public this information at this time. that's not stopping anyone from speculation that it will work like other chips have b4, and will fail because of this.... people see whatever they want to see. |
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when the open source decentralized Bitcoin / MintChip exchange is submitted for the MintChip challenge. its sure to win at least most popular  |
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solidcoin
SHAHAHAHAHAHAHAHAHA-256 nice |
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i submit to you, a bitcoin your mama joke
Your mama is so stupid she thought she had to sell her bitcoin on MtGox to pay for a bitcoin T-shirt
You wouldn't make a good comedian, I'll tell you that much. how do you make a bitcoiner laugh? ..... twenty one miiiiiillliiooonn!!!!  |
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i submit to you, a bitcoin your mama joke
Your mama is so stupid she thought she had to sell her bitcoin on MtGox to pay for a bitcoin T-shirt
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make a joke! lets all have a laugh  |
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Sincerely strapped in for the rest of my life,
+21 million |
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remember all of that was mostly done on leverage  people closing shorts? |
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ops right i just want it Unlisted... sry, fixed |
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A (mostly) decentralized exchange already exists: Bitcoin-otc. The only problem is that the "Web of trust" is stored on a central server. The MintChip will be cracked wide open by the end of the year; possibly during the contest period. It simply can not work. The attacker (the user) has physical access. The chip must store the private key that will allow arbitrary funds to be spent. the chips self destruct if you try to tramper with it  lol |
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I don't think this enables a decentralized exchange, but it does enable an exchange to operate without using a traditional bank account. Users deposit CAD by sending funds to the exchange's mintchip…they use it to make trades, then withdraw bitcoins. On the other side, the user deposited bitcoins, makes trades, and then withdraws CAD by the exchange sending CAD from their mintchip to the user's mintchip. The exchange wouldn't need to worry about the bank shutting down their bank account (assuming the mint doesn't have some kind of back door or kill switch…which would be hard to determine without some reverse engineering given the closed nature of the system). It would be awesome if the first widespread use of mintchip was to enable this sort of bitcoin exchange. Something tells me you won't win the $50k prize though. Maybe i could win most popular mintchip app.  Maybe the mint wont accept the idea and i wont get the dev kit |
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MintChip provides p2p transactions between accounts denominated in Canadian dollars (or a few other national currencies).
What, if anything, does that have to do with bitcoin or exchanges? Am I missing something here?
this allows for decentralized trading. no mtgox, just p2p it might be able to exchange mintchipCAD and mintchipUSD or wtv other supported currency mintchip has, with no fees |
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the wall was removed because it was redundant. down to 4 up to 8?
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^^ well put,
the name of the game will always be, buy when others are fear full
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pick me! |
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