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Author Topic: How the hell does bitcoin-otc work?  (Read 2968 times)
Atruk
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March 29, 2013, 09:35:59 PM
 #21

The web of trust is more useful than the IRC conversation that happens in OTC. Being to auth people before you trade with them is about as solid as you can get in identity verification.

I agree, the WOT is a wonderful idea.

Nevertheless, the proof is in the pudding. As I said, I have found that I can trade between BTC and USD faster, more safely, more profitably, and more reliably at mtgox, campbx, or bitfloor than OTC. YMMV.

Estos cabrones se creen que la montan y cuando Los boricuas les damos shut down, se meten la lengua en el culo. Dile ahi puñeta que solo los Nerds usan IRC y que es mas sofisticado usar CampBx coño.

Carolina en la casa! Luis Lloren Torres! Minando bitcoins con luz gratis gracias a Carmen Yulin!

Well, the Bitcoin client uses IRC to bootstrap...

The web of trust is more useful than the IRC conversation that happens in OTC. Being to auth people before you trade with them is about as solid as you can get in identity verification.

I agree, the WOT is a wonderful idea.

Nevertheless, the proof is in the pudding. As I said, I have found that I can trade between BTC and USD faster, more safely, more profitably, and more reliably at mtgox, campbx, or bitfloor than OTC. YMMV.

Normally true, but sometime you might want to trade for something other than USD. The exchanges might also be having a day like today where they trouble reasonably accessing them exists. I only recently got on OTC, but it is nice having Gribble there to check identities.

Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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XarRos
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March 30, 2013, 09:32:55 AM
 #22


6) Gribble will spit back a http:// url. Copy that and run (if you're using commandline):
wget -O - http://bitcoin-otc.com/otps/46ED38A2A668A578 | gpg --decrypt





Thanks for your instructions. They got me to this step. I am on a mac. I've used GPG Keychain access to generate the keys.

I've tried to decrypt using terminal with the method above as well as using gpg --decrypt

both methods return the error "No Secret Key".

So where do I input my secret key into this step?

Thanks for your help.
TheButterZone
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March 30, 2013, 10:09:52 AM
 #23

curl http://bitcoin-otc.com/otps/YOURGPGKEYIDGOESHERE | gpg -d | pbcopy

Mac^

Saying that you don't trust someone because of their behavior is completely valid.
XarRos
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March 30, 2013, 10:12:37 AM
 #24


Thanks for your reply.

Where pbcopy - do I replace this with something else?

I'm still getting the same error.

Thanks.
FixDragonsTalePlease
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March 30, 2013, 10:17:14 AM
 #25

The Web of Trust is a broken system...

Proof here...

http://www.youtube.com/watch?v=4C_1cpLbDy0
TheButterZone
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March 30, 2013, 10:30:03 PM
 #26


Thanks for your reply.

Where pbcopy - do I replace this with something else?

I'm still getting the same error.

Thanks.


pbcopy would put the output in your clipboard, if you had a secret key.

Saying that you don't trust someone because of their behavior is completely valid.
nanotube
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March 30, 2013, 10:35:21 PM
 #27

The Web of Trust is a broken system...

Proof here...

http://www.youtube.com/watch?v=4C_1cpLbDy0

Not broken, working as intended. You have to use trust paths, wherein ratings from people you don't trust get ignored automagically.

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
nanotube
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March 30, 2013, 10:38:15 PM
 #28

both methods return the error "No Secret Key".

So where do I input my secret key into this step?

it appears you are missing the private key. Are you sure you are trying to use your own keypair, and if so, are you sure you haven't deleted your keyring?

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
FixDragonsTalePlease
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April 01, 2013, 10:50:59 AM
 #29

Lul nanotube I guess it's totally working as intended with all the top rated people with at least one -10 rating...

Nice coding buddy keep it up noob...
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