Dark Exchange: Great idea but again not ready. What we need is a way to mirror the content of the market to a website. When this website gets blocked it should be easy to bring up again.
This is an EXCELLENT idea! If Dark Exchange had a way to store the current offers without those nodesbeing online, there could be a "server node" who stays up to date with their peers and translates them onto a website!! I think it shouldn't be nessecary for ppl who want to use Dark Exchange to use i2p. Bitcoin isn't run over an i2p layer, and that won't get shut down. I agree people need to have the choice of being able to connect via TOR or i2p or Freenet, but its decentralised nature is its strong point, not the fact that it resides in the DarkNet. |
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Is there still no way to make an offer and have it available for others to view when you go offline?
I understand this is very difficult to do in a decentralised manner, but I feel this problem is halting Dark Exchange's community growth.
It is quite clear that when people log on only to find themselves online, thus no offers, it makes it look like you have entered an empty hall expecting a bustling market. If this happens I believe more people will use it.
My suggestion is to have some kind of 'pass-the-parcel' technique where a node locally stores tgeir offers, and before it logs off it passes those offers to any online nodes before logging off, and thatnode does the same thing, and so on.
When a node comes back online, it can reclaim those offers so that it can broadcadt them itself.
Any thoughts?
There is still no way to make an offer and have it available when you go offline. The 'pass-the-parcel' technique likely won't work since you don't really log off, but just disconnect from the network. How about every node in the system keeps track of every offer (for now, only a subset in the future). If you're not online, it doesn't matter, someone somewhere has your offer. It would get tricky to keep track of the offers as they are accepted/rejected, but it would be possible. Would that work for you? Unfortunately, I haven't had a lot of time to work on Dark Exchange lately. I'm in the middle of adding a trust score to the system. When I have that in, I can look into something like this and fixing other issues. I didn't realize there was still so much interest in the project. Yeah, I think this is the best idea so far. That way as long as there is one person who is online they can act as a server to start with. As the community grows it will be more distributed. If private/public key signing was used then we can guarantee who made the offer and who accepted the ofefer. For example an accepted offer can be timestamped so that whenever somebody.accepts an offer that has already been made the accepted offer is rejected. Ideally the objective is for a critical mass of nodes are always online making sure the orderbook is always up-to-date. Is there anything I can do to help out, morpheus? |
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Is there still no way to make an offer and have it available for others to view when you go offline?
I understand this is very difficult to do in a decentralised manner, but I feel this problem is halting Dark Exchange's community growth.
It is quite clear that when people log on only to find themselves online, thus no offers, it makes it look like you have entered an empty hall expecting a bustling market. If this happens I believe more people will use it.
My suggestion is to have some kind of 'pass-the-parcel' technique where a node locally stores tgeir offers, and before it logs off it passes those offers to any online nodes before logging off, and thatnode does the same thing, and so on.
When a node comes back online, it can reclaim those offers so that it can broadcadt them itself.
Any thoughts?
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We are accepting deposits again with Lloyds TSB (details can be found on the GBP accounts page). Deposits may be a little slower than usual (possibly up to a week) as registration for their online service is underway. Once that's done, we'll be processing deposits immediately. I dont see any details on the GBP accounts page, is this to be added soon? or am i missing something? I second this. Where are the bank details we transfer cashes too? |
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Rather than create a new coin, I think payments should either be direct or in the architecture of Ripple. Certain nodes can act as bridges regarding cross-currency transactions.
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Just the other day I sent a bitcoin and I got no transaction fee.
Yesterday when I sent one it said "transaction is over the size limit" and I needed to pay .01.
Why does it do this sometimes and other times it does not?
Using Bitcoin Android I wanted to send 0.1 BTC as a donation sonce last night. It still hasn't been included in a block... :-( If you haven't owned the coins for long the client believes somethong is dodgy and won't broadcast your transaction. I think. |
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I am guessing the decentralised nature of the exchange is with regards to the bids and asks alone, but as for the actual trade, that would probably be out of scope and dependant on the trust between the individuals on a trade.
I haven't installed or read the software, but it's how it works as far as I can tell. Nevertheless, a decentralised database for, essentially storing the price of Bitcoin is crucial.
I didn't thought about this in this way. Thank you. This sentence has really helped me. I wrote this in another thread earlier today. It's not like we need a full exchange that reports the volume of transactions. All we need is a general idea of the price bitcoin is being traded at. - An Exchange Coin is created. The coins generated from it include pricing of all included crypto-currencies. More can be added if everyone agrees.
- Each coin client (including bitcoin) allows a price value in various fiat currencies to be reported to Exchange Coin.
- The Exchange Coin factors in the reported prices and runs a statistics algorithm that finds the current mean values.
- HST and bot trades could be filtered out statistically.
This would be organic and require trust of not a central reporting authority, but of all bitcoin users to volunteer honest reporting. By the looks of it, Dark Exchange could be used to keep tabs on recent trading activity including volume, market depth etc, as all that would only require processing on the raw data. As long as the data is shared and verified by all members in the nodes, then the clients themselves can use this for whatever purpose. |
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This must be a very important idea, but I don't have a clue how it's supposed to work. :/
I'm a bit confused too :-( I am guessing the decentralised nature of the exchange is with regards to the bids and asks alone, but as for the actual trade, that would probably be out of scope and dependant on the trust between the individuals on a trade. Nevertheless, a decentralised database for, essentially storing the price of Bitcoin is crucial. All what I said above is merely assumptions, I don't think I understand it. |
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Intersango is an exchange which currently do not charge any fees (except the natural ones like international bank transfers). There are solutions out there!
Ane I like the post about this SkyNet-like entity called BitCoin!
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This seems like such an interesting idea and I am looking forward to seeing it develop. I don't quite understand how it works, though. Could somebody please explain to me the mwchanisms of the exchange and how a decentralised architecture makes it work?
Thanks.
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you are right, all trends are down now
 BitCoin is Fail? |
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Are there any bitcoiners in the UK who are in or near the Birmingham vicinity?
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I ship them right away via USPS Priority Mail - haven't been doing this long enough to know how long they actually take to arrive. From what I am hearing, they leave the US quickly, but end up becoming regular mail afterwards. Can anyone else speak to how long these take to arrive?
From Utah to Paris, France: shipped on 9/21, arrived this morning 9/28. Not so bad for sneaker mail over the atlantic. Anyway, the coins look great: thumbs up to Mike ! Cool! So it takes about a week to arrive! I am so tempted to buy some! Need to wait until payday! |
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Bitcoin - it is Allah's Will
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Printing money increases they money supply and so it, usually, devalues the currency. Paying taxes decreases the money supply, ideally.
To be honest, there should only be taxes and no money-printing. Or only print money to ensure each unit maintains its value. But that is a difficult balance and usually ends up with a devaluing currency.
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So when should they stop printing money?
Most goverments have a central bank. They way money is printed is quite complicated. The government 'sells' bonds to the central bank for x amount. The central bank prints out the money and buys the bonds. The bank then waits for the bonds to mature and get their money back plus some interest. The idea is that the government won't go crazy because the debt will be top high, and taxpayers pay off the debr. Such is the theory. That each unit of currency is backed by future work. So the government can, in effect, print more money, but only at a huge cost. |
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Competition is good. May it show us the true potential of the market!
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Casascius, I sent you a couple of PMs but I'm not sure you got them. You got an alternate contact method?
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Nice!!!!! Put Intersango on it! Britcoin is no more!
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Britcoin should be removed from the bitcoin charts. I moved all my money out of britcoin before the migration. Would've liked the history, too, but oh well!
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