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mobile4ever
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May 16, 2013, 08:38:46 PM |
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The idea of one person or a small group of people having control goes against the idea of decentralization. This must be a very tiring obstacle to have to deal with. All that needed to happen was to design a software along the basic lines of bitcoin. Its free, its open source: https://bitcoinstarter.com/projects/54 What is the purpose of your mention of 'Global Domains International'? A quick google search reveals this to look a lot like a creepy pyramid scheme affiliate program. EDIT: Evidence for GDI acting as a tax on idiots : just take one look at their website ... http://globaldomainsint.ws/wow. Your google search did not seem to find the headquarters. Its at website.ws. Its not a pyramid scheme, read their site. |
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greBit
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May 17, 2013, 07:52:21 AM |
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The idea of one person or a small group of people having control goes against the idea of decentralization. This must be a very tiring obstacle to have to deal with. All that needed to happen was to design a software along the basic lines of bitcoin. Its free, its open source: https://bitcoinstarter.com/projects/54 What is the purpose of your mention of 'Global Domains International'? A quick google search reveals this to look a lot like a creepy pyramid scheme affiliate program. EDIT: Evidence for GDI acting as a tax on idiots : just take one look at their website ... http://globaldomainsint.ws/wow. Your google search did not seem to find the headquarters. Its at website.ws. Its not a pyramid scheme, read their site. Ok fine. I think 'creepy affiliate scheme' still holds. What is the added value that GDI provides? Anyway, that is all beside the point, your proposal loses all credibility with your shameless plug of GDI. Why even mention it? |
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mobile4ever
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May 17, 2013, 07:13:34 PM |
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The idea of one person or a small group of people having control goes against the idea of decentralization. This must be a very tiring obstacle to have to deal with. All that needed to happen was to design a software along the basic lines of bitcoin. Its free, its open source: https://bitcoinstarter.com/projects/54 What is the purpose of your mention of 'Global Domains International'? A quick google search reveals this to look a lot like a creepy pyramid scheme affiliate program. EDIT: Evidence for GDI acting as a tax on idiots : just take one look at their website ... http://globaldomainsint.ws/wow. Your google search did not seem to find the headquarters. Its at website.ws. Its not a pyramid scheme, read their site. Ok fine. I think 'creepy affiliate scheme' still holds. What is the added value that GDI provides? Anyway, that is all beside the point, your proposal loses all credibility with your shameless plug of GDI. Why even mention it? No, it does not hold. The added value is that people can make money two ways instead of just one, with a regular decentralized market. If mentioning a good webhost is "shameless" then I guess I am.  |
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greBit
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May 17, 2013, 09:49:38 PM |
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No, it does not hold. The added value is that people can make money two ways instead of just one, with a regular decentralized market. If mentioning a good webhost is "shameless" then I guess I am. Its just that your "solution" is all based around GDI. You have structured it all around the multi-level marketing bullshit that GDI uses. I take it you would kindly sign up people to their overpriced webhosting/domain name registration so you can make a tidy profit? Why not propose a technical solution that has not been tainted by your personal financial interests. While i'm ranting, if I want a .ws domain I will get it for half the price elsewhere, with the bonus of not having to deal with brain-washed creepy marketeers. Same goes for webhosting. |
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mobile4ever
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May 18, 2013, 06:12:14 PM |
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No, it does not hold. The added value is that people can make money two ways instead of just one, with a regular decentralized market. If mentioning a good webhost is "shameless" then I guess I am. Its just that your "solution" is all based around GDI. You have structured it all around the multi-level marketing bullshit that GDI uses. I take it you would kindly sign up people to their overpriced webhosting/domain name registration so you can make a tidy profit? Why not propose a technical solution that has not been tainted by your personal financial interests. While i'm ranting, if I want a .ws domain I will get it for half the price elsewhere, with the bonus of not having to deal with brain-washed creepy marketeers. Same goes for webhosting. I am sorry you are missing the point, but thanks, because you allow me to explain it further. No one is obliged to use GDI if they dont want to: https://bitcoinstarter.com/projects/54 What is required is Wordpress, who happen to already be involved with bitcoin. Without marketers in the world, nothing gets done. ( https://www.youtube.com/watch?v=xBIVlM435Zg) Some of them are creepy, I hand it to you on that one. |
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FlappySocks
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May 18, 2013, 09:03:04 PM |
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I have been playing a lot with Ripple, and it works well. The biggest problem with it is trying to understand it. And then it struck me. I am using Ripples own wallet client. For a starters, its confusing (and the ripple team have acknowledged that). But, most importantly, why would I need it, except to manage my account?
If I wanted to send or receive Bitcoins, I would naturally go to my Bitcoin wallet. If I wanted to send, receive or exchange fiat then I would go to whatever bank account or exchange I had my fiat in. I don't need to log into my ripple wallet. All my ripple credentials will be in my trusted currency client. My Bitcoin wallet will have the option to send via ripple. As will my fiat account. I dont need to understand how it all works in the background, and how the system gets the best exchange rate etc. Ripple is just the transmission of payment, and exchange.
The issue of ownership of Ripple put me off initially. I didn't like the idea of a single company holding back some of the the ripple currency. I'm still unsure about it. However, having given it some thought, we need a well financed company to get this off the ground, and do whatever it takes to make this work. Lobby governments. Sort out the red tape. Advertise. Educate. This could be a good thing.
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BTCLuke
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May 19, 2013, 01:24:36 AM |
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I have been playing a lot with Ripple, and it works well...
...we need a well financed company to get this off the ground, and do whatever it takes to make this work. Lobby governments. Sort out the red tape. Advertise. Educate. This could be a good thing. Please, for the love of all that's good and decent, please log off the internet now and never return. |
Luke Parker
Bank Abolitionist
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mobile4ever
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May 19, 2013, 04:09:11 AM |
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I have been playing a lot with Ripple, and it works well...
...we need a well financed company to get this off the ground, and do whatever it takes to make this work. Lobby governments. Sort out the red tape. Advertise. Educate. This could be a good thing. Please, for the love of all that's good and decent, please log off the internet now and never return. +1 This is the P2P Decentralized thread...  |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 19, 2013, 06:16:01 AM |
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I have been playing a lot with Ripple, and it works well...
...we need a well financed company to get this off the ground, and do whatever it takes to make this work. Lobby governments. Sort out the red tape. Advertise. Educate. This could be a good thing. Please, for the love of all that's good and decent, please log off the internet now and never return. He must have missed that Ripple is backed by a well-financed company, (ironically called Opencoin but have yet to release the source code) who issued their own currency XRP inside the system that has a net capital value in the tens of millions .... Ripple is morphing into a trojan project hiding inside bitcoinosphere of free open exchange, I'm getting sinister undertones from them. |
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FlappySocks
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May 19, 2013, 10:21:14 AM |
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Ripple is already a p2p decentralised isn't it? Or at least will be when it's out in the wild.
OK, so what about forking it, and switching ripples for bitcoins?
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BTCLuke
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May 19, 2013, 05:17:40 PM |
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Ripple is already a p2p decentralised isn't it? No. OK, so what about forking it, and switching ripples for bitcoins? Not so easy to fork something that is closed source. They may lie and say they'll open it "someday" but that wouldn't be congruent with their past actions nor would it make them any more money. |
Luke Parker
Bank Abolitionist
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klee
Legendary
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Activity: 1498
Merit: 1000
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May 19, 2013, 06:32:39 PM |
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Guys what about Voucher Safe? It' s been around since 2007 and MAYBE bypasses FinCEN because itis BTC<->GOLD.
I think it is an extremely interesting project..
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Rassah
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May 21, 2013, 11:52:07 PM |
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Met a guy behind Open Transactons at a party this past weekend. The way he explained it, it looks like OP can do everything Ripple can, and the code is already done and opensource... Think that may help fr this in any way?
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 22, 2013, 12:45:46 AM |
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Met a guy behind Open Transactons at a party this past weekend. The way he explained it, it looks like OP can do everything Ripple can, and the code is already done and opensource... Think that may help fr this in any way?
imo ... any efforts towards P2P exchanges should now go in make usable clients to do this ... https://bitcointalk.org/index.php?topic=212490.msg2227866#msg2227866the pieces are all there now, just join the dots fellas. |
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usscfounder
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May 22, 2013, 04:29:40 PM |
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I have created a system for a P2P orderbook here: https://bitcointalk.org/index.php?topic=209269.0I figured out how to make a P2P Orderbook for a decentralized exchange: I am updating the post daily but will add more in a few minutes: https://bitcointalk.org/index.php?topic=209269.0Decentralized Orderbook - BTA System (Bus - Train - Plane)
BTA - Bus. Train. Plane. BTA is a concept I came up with the solve the problem of a decentralized orderbook for P2P systems.
BTA is a system to move orders from Tier I exchange nodes to Tier II exchange nodes to Tier III exchange nodes according to a predetermined cycle.
BTA is a system akin to a mass-transit public transportation system.
example:
In a mass transit system you could have a bus that would route and cycle through a city with 25 bus stops, stopping at every stop to pick up people. The bus would then drop all of the people off at the last stop which for the purposes of this demonstration is the city's train station. The bus would then repeat the cycle continuously bringing more and more people to the train station.
Eventually the train would arrive to that city and pick up the people who got off the bus and are waiting at the train station. The train would then continue on and cycle through all of the cities of that particular province/state picking up people (who were dropped off by the bus) at every city train station. At the end of the train route would be an airport with a planes ready to pick people up and take them to a specific destination. The train would cycle continuously through all of the cities picking up people and dropping them off at the airport.
The people who were first on the bus and then on the train and now at the airport would then board the plane (jumbo jet if you will) and travel on the plane from the province/state they were in to a final location all the while making stops in every major province/state of that country to pick up additional people. After the plane arrived at the final location it would take off again and cycle through all the provinces/states of the country continuously picking up and dropping off people.
Now, imagine if you will a dating and match making service on one of the sides of that county that has a big convention to help people find a spouse. That service decides to utilizes the same aforementioned mass transportation system to bring people together from all over the country.
People would leave their homes and go to the bus stop. Some people would find compatible matches for themselves at the bus stop or while riding on the bus. Those people would get off the bus pay the fee and then go home with no need to go to to the convention. Those people have what they want; a spouse.
The rest of the people would continue on to the train station and get on the train. But again some people would find matches on the train and at the station; so, they too would pay the fee and go home. They have what they want; a spouse.
What remains of the people would continue on to the airport then get on the plane to go to the convention hoping to find a good match for a spouse.
A P2P BTA (Bus-Train-Airplane) exchange would operate the same way only picking up orders instead of people.
(More in a few minutes)
More here in a few minutes: https://bitcointalk.org/index.php?topic=209269.0Here is how it works:P2P BTA Application
How does it work?
In a P2P BTA system a "Bus" exchange node would cycle through and collect orders from P2P "home-server" nodes mentioned in the above posts. "Home-server" nodes house user accounts and wallets in a P2P network.
1. The Bus exchange server node would collect orders from home-server nodes 1 through 25 (for example).
2. Matching orders (if any) are fulfilled in a mini exchange. Receipts are generated. All unfulfilled orders and receipts are then stored for pickup by an "Train" exchange node.
3. On a predetermined cycle the higher Train exchange node would pick up all of the unfulfilled orders and receipts from all four (for example) of the Bus exchange nodes in the P2P network. All matching orders are fulfilled in a medium sized exchange and more receipts are generated. Again, All unfulfilled orders and collected receipts are then stored for pickup by an "Airplane" exchange node.
4. Finally, on a predetermined cycle the higher Airplane exchange node would pick up all of the unfulfilled orders and receipts from all four (for example) of the Train exchange nodes in the P2P network. The Airplane exchange is the highest exchange on our example P2P network. All orders would attempt to be fulfilled here. Collected receipts are used to generate reports and to display fulfilled orders.
In our example P2P network, if no orders were fulfilled by the Bus or Train exchange nodes then the Airplane exchange node would have picked up 400 orders.
(MORE TO COME LATER TODAY)
https://bitcointalk.org/index.php?topic=209269.0 |
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gollum (OP)
Sr. Member
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Activity: 434
Merit: 250
In Hashrate We Trust!
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May 29, 2013, 05:45:17 PM |
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Im happy that there are so many people interested in the concept of decentralized bitcoin exchanges in different threads. Im sure some projects will succeed, probably a project that makes a simple solution that people can easily understand and use.
Some people have mentioned BitMessage as an important part of an exchange and I agree, BitMessage can be used for parts of that system. Maybe in combination with other concepts.
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