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4526
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Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin
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on: December 06, 2010, 12:00:39 AM
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* Potential Social Conflicts - What sort of "legal" requirements might there be for "domain registrations" and what do we do about them? Do we care?
When in doubt, remove human elements. Adopt certainty of computer software code over uncertainty of judges. Complicated rules invite gaming and abuse. |
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4527
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Economy / Marketplace / Re: Margin Trading
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on: December 05, 2010, 11:31:54 PM
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Since mtgox also runs the market, risk can be avoided by prioritizing the clearing of transactions such that buys to satisfy a margin call always go first; and credit is only extended if there is enough collateral for an ask that is already in the system.
The other thing that will finally come into play here is interest rates, so mtgox account holders will now get paid an interest rate for their positive balance.
Sound like fractional reserve banking. |
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4530
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Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin
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on: December 05, 2010, 10:40:35 PM
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* Set up the development environment. Are we going to use SourceForge? GitHub?
Github and git. I like. It's distributed version control system. Any developer can fork the project and continue on their own implementation and they can request pulls as necessary. Also remember, everything is in version control. If you messed up the code, it's not a big deal. Just revert to the last state. Remember to commit as well push often too. |
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4534
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Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin
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on: December 05, 2010, 09:31:22 PM
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Adapting the bitcoin source code is probably the only practical way for us to get this running. But first I would like to see us produce a brief white paper setting out the design principles, and a non-technical FAQ.
Ribuck, If only I have the necessary knowledge to adapt it, I would have dropped it and just implement it. |
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4536
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Bitcoin / Project Development / Re: Wikileaks contact info?
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on: December 05, 2010, 09:23:23 PM
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I still think it is the right thing to do and I personally am not afraid of what would happen to Bitcoin as software or to the network if such an influx of users and attention happened. Something is eventually going to break like that, so the Bitcoin community ought to be prepared for that eventuality. If this concrete example is somehow going to spur on developments that make Bitcoin more secure, it sounds like even the possibility that Wikileaks may use Bitcoins is a good thing. If not this particular incident, there will be something else like this which may eventually push Bitcoins into the limelight.
You reasoning is sound, but the cost and benefit is hard to determine. We don't have many people who really understand how bitcoin work, real deeply. So Satoshi would have to be fast on his toe. |
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4538
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Bitcoin / Project Development / Re: BitDNS Bounty (1160 BTC)
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on: December 05, 2010, 09:06:08 PM
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This is an amount I can show to my wife and justify blowing of a couple of dates. Seriously, this is enough to actually get the thing started so far as an incentive. It will be interesting to see how many others might be interested in claiming this bounty.
Yes, I know that it is for stuff completed. We'll see who gets that to happen now.
If previous bounties are any indication, there won't be a developer that will do something to claim it. I think it is also best that the project is a group effort if multiple developers claim it. The bounty splited will probably be not worth the effort, though. |
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4540
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Bitcoin / Project Development / Re: BitDNS Bounty (1160 BTC)
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on: December 05, 2010, 08:42:10 PM
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Done. Now we're in business.
Of course, the more people donate, the more incentive there will be.
Pledge. Pledge. Pledge. Pledge. Pledge.
The race is on!
And oh yeah, pledge.
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