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1  Economy / Trading Discussion / Re: ZeroBlock Trading Platform - New Exchange Integration on: July 15, 2014, 09:49:01 PM
However, having the responsibility to add stop loss orders on our servers opens us up to liability if the orders don't execute correctly.

Agreed, I wouldn't want to risk that either! I guess I'll just talk to bitstamp about adding stoploss orders.

All the best,

- Darren
2  Economy / Trading Discussion / Re: ZeroBlock Trading Platform - New Exchange Integration on: July 14, 2014, 06:30:08 PM
I'm new to the forum so I don't think I can vote in that poll.

However, I'm a zeroblock customer and would love to see stop loss orders on the platform. At the moment I feel I can't look away even for an hour if I have an open order. For that reason my vote is Bitfinex, as I know they do stop loss within their API. Although, stoploss for bitstamp would be amazing, I'm not sure they offer that at all?

Many thanks, love the platform.

- Darren
3  Economy / Economics / Re: Loans in BTC on: July 14, 2014, 02:21:11 PM
Perhaps the credit industry would turn into more of a private investment.

Eg. Someone would loan you 10BTC to start your business, and instead of interest on that loan (because interest cannot exist in a bitcoin system - fractional reserve impossible as stated above) they'd agree on a % of your profit, up to 150% of their original investment. Or whatever.

I think this is what's happening already with crypto 2.0 decentralized exchanges and asset issuance.

Personal loans need to stop anyway. If people can't afford to buy cars then no one will buy them and someone will eventually come to market with a cheaper car which everyone can afford. The current credit system just insures money flows to the top even when the poorest can't realistically afford what the big companies are selling.
4  Economy / Economics / Re: Loans in BTC on: July 13, 2014, 10:48:41 PM
The price of housing is artificially high because of the whole credit industry.

Before mortgages, you'd have people building their own houses on land they claimed as their own. A homestead. So I think in an ideal world we'd go back to that sort of thing, or something completely new.

https://www.youtube.com/watch?v=Y4WmDoYJhnk

I certainly don't want loans in bitcoin, unless they're non-interest loans - that's where the monetary oppression in the world comes from.
5  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Addresses Need to Go on: July 09, 2014, 04:37:18 PM
I couldn't agree more. The sooner we figure out how to standardize the username to bitcoin address decentralized DNS type service, the better.

My concern with the idea at the moment is that when I copy-paste the address or QR scan it, I can see that it's the same string after a quick glance. Since transactions are irreversible, I like that I can check it really is going where I want it to. Any DNS type service would have to be extremely secure for me to risk using it. If you get a DNS screw up you're on the wrong website or get an error code - no big deal - but if you get a bitcoinDNS screwup, you just sent your money to some random person or into a bottomless pit.

DNS is so easily hacked, but there must be a way to make this idea work. I reckon as soon as someone nails it, the price will do it's next to-the-moon spike.

- Darren
6  Bitcoin / Bitcoin Discussion / Re: Here's Scientific Proof that Bitcoin is just before Major Adoptation on: July 06, 2014, 11:02:09 AM
Quote

Here's Scientific Proof that Bitcoin is just before Major Adoptation


Please don't claim to have scientific proof for something without actually presenting any evidence. I agree that bitcoin could be close to the point of vertical growth, however I don't think it helps to present rough overlaps of price charts with this growth model without explaining why you've done that and the reasoning behind the correlation. Just post "Hey look, this seems to fit!" science has to be objective to be valid.

I'd recommend the Bitcoin 101 series for a more scientific analysis which points to the same conclusion. https://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw
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