Ok, thanks for clearing that up for me.

Wish you luck with VTX, keep up the good work.

Yes, this is an axiomatic point, very relevant to talk of "god".

All religions are created to establish a hierarchical structure.

So will you create a custom exchange client in the wallet; the wallet will expose a GUI to the user allowing them to interact with existing exchange/s API?

Or are you embedding a browser window into the wallet using webkit .lib, allowing user to login to exchange as if they were in a browser?

The wallet itself will not be the exchange, i.e. you are not building a distributed P2P exchange?

Project Pluto is a ramjet, needs air to function. Only benefit over conventional hydrocarbon fueled engine/ramjet is greatly increased loiter time.

To my knowledge the only proposed "nuclear rocket" idea capable of achieving orbit or beyond would be project Orion:

http://en.wikipedia.org/wiki/Project_Orion_%28nuclear_propulsion%29

It throws out coke can sized nuclear bombs underneath itself in quick succession, that thing would win any dick waving competition hands down!

Russia has a very capable military, and is a nuclear superpower if not THE HARDEST nuclear super power on the planet.

To treat Russia like a 3rd world developing nation (imposing sanctions) seems completely crazy to me.

History will be written by the victor, it always is.

I'm very interested in the exchange aspect.

Anywhere to read more info on the exchange?

Like how does it work to mantain a global orderbook using P2P, or does it employ a centralised exchange node?

Thank you kindly Sarahiko.
It all balances out, there are lots of things I suck at

You can make the chart time be your local time by changing the hour offset in:
CHART SETTINGS -> LIVE CHART -> HOUR OFFSET

But the chart time being incorrect should not stop the bot from trading. The chart time is only for the users eyes.

Q1.
Are you able to create a limit order through the trade panel?:
TRADING -> CREATE LIMIT ORDER

Q2.
Is your robot trade amount >= 0.01 BTC, the minimum on BTCe?

Q3.
If yes to both above then could you take a look in the log file after leaving the bot to run for 10 minutes.
The log file is in: APP SETTINGS -> SYSTEM LOG -> SHOW LOG

That may shed some further light on the problem.

I was just pointing out that fractional reserve banking WILL debase the market price of the underlying reserve asset, and if it were to happen atop bitcoin then we would all have our coins debased even if we did not use the FRB.

Sorry I forgot about gold prohibition in USA, guess that was step 2 of 3 to full fiat. I am more familiar with UK history. Am I correct in thinking USA still printed "promise to pay the bearer" on the notes prior to 71?

EDIT: My projected outlook is economic systemic collapse and reset. Mathematically it is not a question of if but when. It was planned and will be repeated, just as it has in the past. Standard usury practiced for milenia already. Of course anything standing in the way of it risks being destroyed, including people.

To clarify, no I would never take an IOU in lieu of the real thing.

But as odolvlobo says those with no choice will (those looking for large loans)

No, you're thinking of US dollar in its current full fiat form, I agree, that is tied to NOTHING.

I am talking about FRB promisory note. Fractional Reseve Banking... the first stepping stone to full fiat. You can't boil the frogs too quickly or they jump out the pot. FRB will happen before fiat.

Prior to 1971 you could take $1 US dollar bill into a bank and collect the gold in hand.

Actually he is correct, the global market price for the base reserve asset is raped by fractional reserve.

The problem lies with the fact that most users perceive the IOU to have the same value as the base asset. ( although as we quite rightly know... MATHEMATICALLY  IT DOES NOT! )

FRB schemes use promisory notes. Those IOUs promise to pay the bearer the equivalent in reserve asset, prior to 1971 if you walked into a US bank you could demand gold for the note.

The best way to start the scheme if you have zero good will is with a full reserve central bank and promisory notes (basically like an old goldsmith), and then slightly lower the reserve requirement for "inflationary control measures" aka profit skimming.

The ignorance of the users allows the FRB to increase fractional ratio slowly and never get a "run on the bank" until the jig is up and the base assets have long left the safe. Then the LLC closes shop and leaves crying bag holders.

The bold part sucks and you should agree, why should non participants take a hit on their wealth.

I agree there is nothing individuals could do other than jump ship onto another coin, should we applaud that? I think not.

In the olden days before fractional reserve banking a man could afford a house with 2 years of wages. Loans were often arranged within families or the person rented and saved.

Fractional reserve robs all people of their time and labor by continually pushing debt into the future in a compounding manner.

Globally it will be difficult to reverse the situation, much like withdrawing off a serious drug.

Large loans could be arranged using a P2P mechanism, 1 large loan consisting of many micro loans, like crowd funding in a way. I agree this would NOT transpose onto the current situation where debt levels are large relative to GDP. To rectify the current situation will be painful or may require collapse and "reset".

Realize that there is not enough labor and resources on the planet to balance the books as they stand thanks to fractional reserve which has continually pushed more and more liabilities into the derivatives market, there is only the possibility that the books may be balanced in the future, but the longer a fractional reserve system runs the less probable that becomes, throughout history they have always ended in defaulting leaving peasant bag holders.

Fractional reserve is an irresponsible idea for the financial security of the people, the people should see the long game instead of looking no further than the TV screen.

Having started to read more about OpenBazaar:

https://openbazaar.org/

I am thinking if these guys pull it off then it will be a killer app causing bitcoin to raise significantly in value.

Any rogue system will be crucified if it threatens existing big business, even if it isn't breaking any "Laws".

Money can brute force all sorts of things to happen.

Don't get me wrong, a p2p system would also encounter pressure:

Antivirus would say app is dangerous.
Media would spread FUD.
Saboteurs would be employed.

Oh ok, moving offshore would not help them, in such a "sensitive" case govs can order DNS to drop names and ISPs to drop static IP addresses.

Centralized server system is easier to create/debug but cannot be used for any potentially disruptive system, it will be swatted like an annoying fly.

P.S. very darknets can be made using stenographic data riding on whitelisted data, so do not despair, there will always be a free path even if it's a very slow baud rate.

edit: I enjoyed my exchange with you Cryptowatch, I'm going to sleep now, catch you later.

Bitcoin code required some work, Satoshi ( or the group working under that pseudonym ) needed to eat and push the correct sequence of keys. Original bitcoin code was nice work, most alts just tweak some vars and swap out the hash func.

As it stands cryptographically encoded data is allowed to flow on the internet (darknets), in the future maybe not?

Meshnets may be considered the only free path in the future, but they could be stamped out by RF laws. I think if the internet only allowed whitelisted packets (encryption for which gov has the key) then by that stage trying to setup a pirate radio data node would land you in trouble with RF detector police looking for non whitelisted transmissions.

But that point has not arrived yet and so perhaps someone should code up a p2p marketplace.

If this is the Bitmint you are referring to:
https://eprint.iacr.org/2014/244.pdf

That paper is nonsense to me, the author has no grasp of what peoples money needs to be. It seems written by a politician or a banker.

Bitmit problem in bold:

Bitcoins are not created out of thin air, alot of computing work is required. Work is time and energy expended, just like mining gold without as much environmental impact.

Fiat money IS created out of thin air, the fact is not hidden: the latin "Fiat" translates to "Let it be so" an imaginary thing created from a word.

Money is a record of debt, originally people held these records in their head, Jon gave me 20 apples on wednesday, I will give him 4 eggs on tuesday, free market trade without immediate barter, the debt record (money) is held in memory only, a p2p trust mechanism.

But nowadays we cannot trust each other, thanks to tyranny that's bloomed over the last centuries.


Yes it is perfectly normal and in a syndicalistic society it would be a beautiful natural thing. But it's a weakness in our modern state, some manipulate the herd into various traps via broadcasting methods, some traps can be lethal!

Yes, if all fictional promises were removed right now then bitcoin would still be here, as would silver, gold and memories (that person was nice to me, I will be nice to them).

Unfortunately it would also cause alot of unrest amongst the masses of bagholders.