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2721  Bitcoin / Bitcoin Discussion / Re: Digital goods service? on: February 20, 2012, 09:47:27 PM
Both of those look like very promising applications.  I'll check them out in more detail later on...

Sounds like ubitio.us does exactly what I want already, but it doesn't make mention of what the commissions are, etc.

iirc it has few features and high commissions, but since it is open source maybe you could add features, promote, get high volume and charge less.

I don't think it had search of any kind, you had to be linked or go through every item, and even had to modify the url to do that.

Maybe that's not the purpose though and I'm thinking of a different kind of site. A site with lots of various content but with some of it for pay.

Oh, another good feature to have is "open this for everyone when X BTC is paid to 1j4kju..."
2722  Bitcoin / Bitcoin Discussion / Re: Digital goods service? on: February 20, 2012, 06:33:44 PM
Make it like a regular file hosting site with options to gate with bitcoin payment. Maybe have a "one time" per payment option and a "permanent access" option. Uploader sets price, but you take a % and have a min fee.

If you emphasize uploader accounts people could use their "channel" to build a rep by posting some free content and some gated content.

Are you going to police content?
2723  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: February 20, 2012, 06:25:23 PM
Bank technology News

Bitcoin Exchange's Crisis Bodes Ill for Payment Innovation

http://www.americanbanker.com/issues/177_34/bitcoin-tradehill-exchange-digital-currency-risks-licensing-1046795-1.html?pg=1

Quite well written article.
Indeed. This quote is interesting:

"To get around stringent state regulations, Bitcoin firms might switch from acting as a floating exchange, which TradeHill was, to a fixed rate exchange, Matonis says.

Floating exchanges hold customer funds while they match buy and sell orders. In this sense, they act as financial institutions. Fixed rate exchanges do not. They simply buy and sell Bitcoins like a commodity. Such an exchange would be exempt from state money transmitter regulations, Matonis says."
Interesting indeed.  It wouldn't even necessarily have to be a fixed rate either... just so long as the entity isn't holding on to customer funds.  Just base the price on some funky supply/demand curve, where the price will move X amount up for each Bitcoin bought, and X amount down for each Bitcoin sold.  The market will naturally keep it mostly balanced, albeit likely biased one direction or the other compared to a floating exchange.

If you are going to have a fixed rate that changes, why not just make it change to what it will cost you to replace the coins/dollars plus a fee? As long as there is one actual market even if it has onerous AML crap anyone who can trade there can run their own "not really an exchange" site.
2724  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: February 20, 2012, 05:44:27 PM
More accurate translation:

Quote
Do we already have a thread going where we could discuss this topic appropriately? Perhaps there's not much more to discuss, but maybe there is ... I definitely still don't quite understand the "regression theorem".

Maybe you could create a new thread just for this video so we can discuss it? What do you think?

https://bitcointalk.org/index.php?topic=12428.0
2725  Bitcoin / Bitcoin Discussion / Re: Summary Thread on: February 20, 2012, 05:44:56 AM
In this thread Mathew and Atlas bicker.
2726  Economy / Currency exchange / Re: PayPal for BTC Exchanger on: February 19, 2012, 11:00:52 PM
...I have my own process of making this deal without risking both sides.
dareq

2nd) : I am only one taking risk here...

I dunno what you are up to, but it smells.
2727  Other / Politics & Society / Re: The free speech poll on: February 18, 2012, 11:33:05 PM
Actually hurting people because they say others should be hurt is... ironic?

And how is this actually going to go down, will there be an intermediate step where a chief tells minions to go do the arrest/kill as needed? Maybe the minions get paid (200BTC?) too?
2728  Bitcoin / Bitcoin Discussion / Re: [Weekly Discussion Poll] :: Is it election day? on: February 18, 2012, 11:17:31 PM
Canadoh

Paxum?
2729  Economy / Currency exchange / Re: Buy Bitcoins for cash in Vegas on: February 18, 2012, 04:30:00 PM
This has been taken care of, but I'd still be interested to know who is in Vegas and might want to trade either way in the future.
2730  Bitcoin / Development & Technical Discussion / Re: probability that 2 clients generate the same public key? on: February 18, 2012, 04:07:56 PM
The BTC you would get by causing a collision would be a lot less than if you just mined lol

Yeah, the vast majority of the time that you find one of these incredibly unlikely collisions the address is empty anyway.
2731  Bitcoin / Development & Technical Discussion / Re: probability that 2 clients generate the same public key? on: February 18, 2012, 04:06:58 PM
Hi, I seem to understand that public keys are generated randomly by the clients without any check that they already exist/are used, "just because" the chance that 2 or more clients generate the same key is "almost" zero. If correct, could this be a risk for anyone who wants to receive or transfer a serious amount of BTC? And, it would not be the case to implement a check when generating new keys?

A check is not possible. Your software doesn't know everyone else's private or public keys, only a subset of public ones. You can't even reliably restrict people from making duplicates of the known ones (in the chain) because Bitcoin is open source, people could just choose to keep the key by removing the check.

You have a much much greater chance of dying on the way to a bank and never getting your money than losing it to this insanely unlikely coincidence.

If you aren't very convinced of the astronomically small likelihood of a collision use vanitygen to try to make 10 chars of a key match and then try 15.
2732  Bitcoin / Development & Technical Discussion / Re: probability that 2 clients generate the same public key? on: February 18, 2012, 03:59:37 PM
Your chances of hitting the megamillion lottery and being killed by a meteorite are far, far greater.

2733  Economy / Goods / Re: Fibonacci Towel @Bitmit on: February 18, 2012, 03:47:50 PM
Not much time left. Support the fledgling bitcoin textile industry.
2734  Economy / Speculation / Re: Do you use options in your trading strategy? on: February 18, 2012, 06:05:16 AM
Would you like to tell us about a site where we can trade bitcoin options?
2735  Economy / Currency exchange / Re: Mt.Gox customer service is awful, plus they won't reinburse me for their mistake on: February 18, 2012, 03:36:05 AM
I believe intersango had about a year with no fees, everyone didn't move there. As was mentioned, the depth is the problem. Instead of having no or low fees they could write a bot to make market and hedge on Gox essentially just moving the action over. Gox gets the fee from them, but that will end if people prefer Intersnago service. It's clear that Gox has bad service, but we don't really know what Intersango service will be like when it is 10x bigger.
2736  Economy / Currency exchange / Buy Bitcoins for cash in Vegas on: February 17, 2012, 11:44:20 PM
Meet on the strip. $200-$500 cash today or tomorrow. PM to claim it.
2737  Economy / Gambling / Re: SealsWithClubs - Bitcoin Online Poker - No Limit Hold'em + HOURLY FREEROLLS on: February 17, 2012, 10:20:43 PM
any generous players wanna throw a new user some chips?!  Grin

username?

ended up depositing 1btc last night, i was playing with you last night under epicseeds XD

Ah, nice, welcome.
2738  Economy / Gambling / Re: SealsWithClubs - Bitcoin Online Poker - No Limit Hold'em + HOURLY FREEROLLS on: February 17, 2012, 08:56:51 PM
any generous players wanna throw a new user some chips?!  Grin

username?
2739  Economy / Services / Re: Medical Consult for Bitcoins on: February 17, 2012, 06:01:39 PM
This could be helpful, I'll keep you in mind.
2740  Other / Meta / Re: Suggestion: Local>USA on: February 17, 2012, 05:33:54 PM
Now that's a good idea. The various meetup threads could go there too.

Being the one who started the Chicago restaurant thread, I agree. I thought of the same once I saw the Montreal and San Diego threads. Please consider not burying a newly created thread too deep on this forum.

~Bruno~


You mean you think it's a good idea, but want your thread to stay in general discussion?

Maybe we leave one thread there (stickied for a while?) where people can announce their Local thread, "We're still meeting in Orlando at Whiskey Dick's, here is our thread."
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