Let's discuss how a peer-to-peer, decentralized bitcoin-based stock exchange might be best implemented. Anybody who has a company on GLBSE: if a new exchange opened up and promised to be more reliable, would you move your company there?
I'd like to hear the answer to this too. An exchange with a much more intuitive interface could be made. I think the effort should be put into a decentralized stock exchange, not another autonomous one. One where the tickers, issues, portfolios, contracts, etc are all kept in a blockchain type system. The entry nodes are merely market makers much like the real stock exchange, you could also route your orders through a preferred market maker etc.. Your portfolio, balance, etc is not actually stored on any of the sites, but in the blockchain unlocked only by your private key. There is obvious logistics issues to work out here, but I think through the use of PKC and the blockchain system, it is all doable. I really do love the GLBSE, but it obviously needs alot of work, and the centralization is a blatant problem especially given the politics involved. However, I think the just like cryptocurrency we are in the infancy on this idea and the development of an idea like i stated above is more or less natural progression given what we know about p2p / decentralization and how it has been implemented in the cryptocurrency world. I would love to get involved in such a project someday and would be willing to throw some resources at it. I think the effort should be put into a decentralized stock exchange, not another autonomous one. One where the tickers, issues, portfolios, contracts, etc are all kept in a blockchain type system. The entry nodes are merely market makers much like the real stock exchange, you could also route your orders through a preferred market maker etc.. Your portfolio, balance, etc is not actually stored on any of the sites, but in the blockchain unlocked only by your private key. There is obvious logistics issues to work out here, but I think through the use of PKC and the blockchain system, it is all doable.
For a decentralized stock exchange, one could consider basing it on Open-Transactions: https://github.com/FellowTraveler/Open-Transactions |
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Yes, you have to keep clicking threads.
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Anybody who has a company on GLBSE: if a new exchange opened up and promised to be more reliable, would you move your company there?
I'd like to hear the answer to this too. An exchange with a much more intuitive interface could be made. I think the effort should be put into a decentralized stock exchange, not another autonomous one. One where the tickers, issues, portfolios, contracts, etc are all kept in a blockchain type system. The entry nodes are merely market makers much like the real stock exchange, you could also route your orders through a preferred market maker etc.. Your portfolio, balance, etc is not actually stored on any of the sites, but in the blockchain unlocked only by your private key. There is obvious logistics issues to work out here, but I think through the use of PKC and the blockchain system, it is all doable. I really do love the GLBSE, but it obviously needs alot of work, and the centralization is a blatant problem especially given the politics involved. However, I think the just like cryptocurrency we are in the infancy on this idea and the development of an idea like i stated above is more or less natural progression given what we know about p2p / decentralization and how it has been implemented in the cryptocurrency world. I would love to get involved in such a project someday and would be willing to throw some resources at it. Good idea. We should start a thread on that so it can be discussed. |
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Hire a lawyer to set up a US corporation, then have someone who is physically in the US be an official representative of that corporation and open a bank account for it? Probably not what you were looking for.
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Anybody who has a company on GLBSE: if a new exchange opened up and promised to be more reliable, would you move your company there?
I'd like to hear the answer to this too. An exchange with a much more intuitive interface could be made. |
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I've made 5 posts, and have been on for more then 4 hours.
Wait a while. The forum software probably has a scheduled task to "upgrade" accounts, so just wait for it to happen. In the meanwhile, browse some more threads. |
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Yes. You can import the key to strongcoin or if you install a tool like pywallet, you can import the key into the regular bitcoin client.
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Litecoin is using the exact same solution as Bitcoin, AFAIK, the only difference being the coin values have been increased to match real-world values.
Then why are we wasting time talking about how to fix it? Maybe I jumped in the middle of something without realizing what was really being discussed. Alternate solutions are being discussed, but the currently implemented solution is what I said. (unless I'm mistaken) |
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The way the GLBSE website is set up is kinda goofy, but if it worked I'd be happy. I have had the same problems since early this morning,really hope it's fixed soon as this seem to be a reacquiring problem  I've not been able to use it since yesterday. |
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Though there is one solution I can think of. Which is to require a transaction fee on all coins sent that are not a day old. So if you try to send coins that are not a day old (i.e. don't have 576 confirmations), you need to pay 0.1 ltc fee. What do people think about that?
That would probably be ok, however, you can't choose which coins to use so if you had a bunch of older coins and one new one which was exactly the size you want, I think the client would choose that one. We'd need to combine it with a tweak to the coin selection algorithm. If he's using custom code to create the transactions, he can use whichever coins he wants to. |
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Though there is one solution I can think of. Which is to require a transaction fee on all coins sent that are not a day old. So if you try to send coins that are not a day old (i.e. don't have 576 confirmations), you need to pay 0.1 ltc fee. What do people think about that?
It's a cat and mouse game. Would not the spammer just use coins that are two days old in that case? He would have to wait 2 days to be able to spam again after he exhausted his funds. We don't know how many coins he has. He could spam for two days using 5% of his coins, and then start recycling the spammed ones for all we know. Meh. Bitcoin has solved the problem with a combination of time and value based fee requirements. Why reinvent the wheel here? Litecoin is using the exact same solution as Bitcoin, AFAIK, the only difference being the coin values have been increased to match real-world values. |
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Your ssl certificate expired a few days ago, I now get a security warning when I go to https://lc.ozco.in/It's a known issue. Sure would be nice for it to be fixed though. |
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Hello, Sorry for the delay. Our developer has been working to address the issues of Bitcoin and Liberty Reserve delays and they have now been resolved. Both deposits have now gone through and if you are still missing any deposits, please feel free to contact us at the Support Desk https://support.mtgox.com/ and we will be happy to assist you. Reasonable explanation, but it might be a good idea to keep customers more up-to-date? |
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Though there is one solution I can think of. Which is to require a transaction fee on all coins sent that are not a day old. So if you try to send coins that are not a day old (i.e. don't have 576 confirmations), you need to pay 0.1 ltc fee. What do people think about that?
It's a cat and mouse game. Would not the spammer just use coins that are two days old in that case? He would have to wait 2 days to be able to spam again after he exhausted his funds. We don't know how many coins he has. He could spam for two days using 5% of his coins, and then start recycling the spammed ones for all we know. |
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Thanks. At least it's not just me then.
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Though there is one solution I can think of. Which is to require a transaction fee on all coins sent that are not a day old. So if you try to send coins that are not a day old (i.e. don't have 576 confirmations), you need to pay 0.1 ltc fee. What do people think about that?
It's a cat and mouse game. Would not the spammer just use coins that are two days old in that case? |
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Roger-- thanks for doing your part in promoting bitcoin!
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When I enter my account, my balance just shows "loading...." but doesn't load. When I click on portfolio, it just says "Refreshing..." but never shows my portfolio. It was working correctly a few days ago.
Anyone else experiencing this?
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I would get in touch with Mt Gox service again. Sorry I don't have more to offer.
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