Bitcoin Forum
May 20, 2019, 08:00:02 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: A new idea for bitcoin markets  (Read 5415 times)
dscotese
Sr. Member
****
Offline Offline

Activity: 446
Merit: 250


I prefer evolution to revolution.


View Profile WWW
March 07, 2013, 10:39:29 PM
 #41

... In $remote_country.

...
You're a bit mean, but I think that's justified, and I replied just to applaud you.

Mobile, if people can make money without working, there is something wrong with the system.  The examples from the bitcoin economy that you will ask about (because they seem to be examples of people making money without working) will be matched by people on the other side of their trades who are losing money by not working.  Those who are successful are successful because they put work into understanding the market well enough to soak up the extra currency that others lose.  Earning is just that, earning.  If you're getting money for nothing, you will eventually run out of luck.  Casinos live on that.

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
NEW GAME FORMAT
JACKPOT UP TO $8000+
Guess The Symbols Of a Real Ethereum Hash
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558382402
Hero Member
*
Offline Offline

Posts: 1558382402

View Profile Personal Message (Offline)

Ignore
1558382402
Reply with quote  #2

1558382402
Report to moderator
1558382402
Hero Member
*
Offline Offline

Posts: 1558382402

View Profile Personal Message (Offline)

Ignore
1558382402
Reply with quote  #2

1558382402
Report to moderator
1558382402
Hero Member
*
Offline Offline

Posts: 1558382402

View Profile Personal Message (Offline)

Ignore
1558382402
Reply with quote  #2

1558382402
Report to moderator
mobile4ever
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
March 07, 2013, 11:05:38 PM
 #42


Mobile, if people can make money without working, there is something wrong with the system.  


It does not work without people using "word of mouth" marketing. Some call that working, I call it helping people.


It will take having personal responsibility over your own web site or program. ( Just like your own bitcon wallet. ) One thing about bitcoin is that those who know little or nothing about computer security can lose their money. This system is open to "adjustments" for things like that.


I want the world to know that this is not going to be something under my control. Just as Satoshi is not responsible for people who use his software, I will not be responsible for those who use what I make.


The examples from the bitcoin economy that you will ask about (because they seem to be examples of people making money without working) will be matched by people on the other side of their trades who are losing money by not working.  



That I will ask about..? I believe in an hour of pay for an hour of work. I also believe in making a percentage off the work of others.





Those who are successful are successful because they put work into understanding the market well enough to soak up the extra currency that others lose.  Earning is just that, earning.  If you're getting money for nothing, you will eventually run out of luck.  Casinos live on that.



Those who are successful know the value of having assets. Liabilities are the opposite of assets. I am creating something that is an asset, something that can be passed down to your children.

This is definitely not about being lucky, unless you consider that those who found bitcoin were lucky to have found it before the rest of the world. That's you and me. Smiley
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000



View Profile
March 07, 2013, 11:59:13 PM
 #43

Edit: congrats! You just got on the ignore list. Kindly take your negative self elsewhere.

Congrats to you too for also making it to my the ignore list...

Do you really think a white font can be easily read on a white or yellow background or is it on purpose to annoy everyone?

Capitan
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
April 10, 2013, 10:01:59 PM
 #44

It's quite hard to undersatnd what mobile4ever is suggesting. But from what I can tell, he/she is proposing that someone write the code for an exchange, and open source it. Then anyone can host that code on their servers, plug in to fiat gateways using their account #'s, and boom they have an exchange running.

I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
dscotese
Sr. Member
****
Offline Offline

Activity: 446
Merit: 250


I prefer evolution to revolution.


View Profile WWW
April 11, 2013, 12:14:13 AM
 #45

It's quite hard to undersatnd what mobile4ever is suggesting. But from what I can tell, he/she is proposing that someone write the code for an exchange, and open source it. Then anyone can host that code on their servers, plug in to fiat gateways using their account #'s, and boom they have an exchange running.

I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
You need to find someone you trust who understands the code.  "Just any random PHP developer" might do a great job, but in order to know that, you'd have to understand the code, or know and trust (completely) someone who understands it.  I recommend learning enough to identify potential problems in code, but that's a long path, and only necessary for the independent self-assurance that someone like me craves.

Shit!  That's it!  Decades ago, I described myself as "cursed with a validity checker."  I've since learned to appreciate it, and now I know where it comes from.  I crave to know things without relying on information from others.  My older brother probably fooled me "too much" or "enough" (depending on how you look at it).  Thanks bro!

In any case, lots of people have suggestions that someone else write the code.  I have a suggestion for them:  Why not put up a bounty on it?

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1002

Let's talk governance, lipstick, and pigs.


View Profile
April 11, 2013, 12:28:54 AM
 #46

The easiest way to create stability and growth is to slow the trading down. Take away the advantage given to HFT and bots and you'll see steady growth. I suggest that after wiring money to an exchange the only way to make a trade is to send a small bitcoin fee with the transaction encoded within. The exchanges can execute the orders after the fee is received even without verification.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
mobile4ever
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
April 11, 2013, 05:04:48 PM
 #47

Are you aware of Ripple.com?

-MarkM-
I have heard of it. I like my idea better. Ripple is still under the control of a few, right?

Ripple is essentially a protocol, similar to Bitcoin. With community growth, there will be distribution of control among participating nodes as there is now in Bitcoin.


I took another look:

http://ploum.net/post/ripple-making-bitcoin-easier-or-obsolete


There is one server that is central to Ripple, is that right? If so, it is not decentralized.
Sukrim
Legendary
*
Offline Offline

Activity: 2478
Merit: 1002


View Profile
April 11, 2013, 05:50:17 PM
 #48

That is not right, Ripple can run decentralized, once Opencoin releases the source.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
mobile4ever
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
April 11, 2013, 06:58:33 PM
 #49

That is not right, Ripple can run decentralized, once Opencoin releases the source.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.


Okay, good. We all need some options these days, as the bitcoin world has found out.


Can you make money promoting Ripple to your friends?
Sukrim
Legendary
*
Offline Offline

Activity: 2478
Merit: 1002


View Profile
April 11, 2013, 07:42:24 PM
 #50

Can yes, want to no.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
mobile4ever
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
April 12, 2013, 02:37:16 AM
 #51

Can yes, want to no.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.

I dont seek friends for that reason either, but I do want us to all get ahead and have fun.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1002

Let's talk governance, lipstick, and pigs.


View Profile
April 12, 2013, 01:59:47 PM
 #52

It sounds like he wants to set up an MLM.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
mobile4ever
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
April 12, 2013, 05:43:04 PM
 #53

It sounds like he wants to set up an MLM.


How would you like to see it set up?
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!