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yokosan (OP)
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April 11, 2013, 10:06:42 AM |
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Your response to yesterday is that you are a victim of your own success.
It might be easy for you to think like that while you smash profit records, but that is not success.
Your job is to facilitate and execute trades, when you can do that you are successful. With that in mind you are a complete and utter failure.
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Sage
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April 11, 2013, 10:11:08 AM |
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The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.
We need a decentralized exchange!
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ruski
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April 11, 2013, 10:11:12 AM |
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They have twitter, you can tell them directly.
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HappyBitCoinUser
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April 11, 2013, 10:14:03 AM |
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The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.
We need a decentralized exchange!
A decentralized currency depending on a centralized exchange. Ummm... lol? |
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fredi173
Newbie
 Offline
Activity: 52
Merit: 0
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April 11, 2013, 10:19:36 AM |
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The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.
We need a decentralized exchange!
+10 |
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Sage
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April 11, 2013, 10:20:17 AM |
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The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.
We need a decentralized exchange!
A decentralized currency depending on a centralized exchange. Ummm... lol? NOPE! A decentralized exchange depending on nobody but buyers and sellers. |
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HappyBitCoinUser
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April 11, 2013, 10:22:28 AM |
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Then how about some type of compromise?
Centralized Exchange, but how, and where?
Not in the US by the Government.
MtGox is in Japan, so that is a step in the right direction.
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ruski
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April 11, 2013, 10:46:31 AM |
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I'm not sure that complete decentralization of exchange between virtual and fiat currency is even possible. It requires thousands of parties with quantities of one or the other to exchange them, and then be able to do something useful with the currency they now have.
The closest we should be able to get is decentralization between virtual currency and real-world goods. That is, a free market where you can buy whatever you need in BTC rather than fiat. Food, electricity, housing.
That is a long way off.
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gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1009
Ad maiora!
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April 11, 2013, 11:04:36 AM |
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in my mind i want to tie mining to banking. but maybe thats too fiat
after all the 21 million BTC are mined, wont the miners will essentially be the bank, keeping all transactions working? In a way its similar to the function banks are supposed to do, but with BTC instead. The hardware is the backing, I guess? Its hard for me to completely envision how a BTC economy would look like because not everything has a counterpart, and the motives are (should be) different.
yeah, exchanges...never go there.
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uMMcQxCWELNzkt
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April 11, 2013, 11:42:08 AM |
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There are projects on these boards like Dark-exchange but people don't seem to be taking much notice of there work. If anyone has the technical know-how to set up a decentralised P2P network then contact me. I can do the design, branding and promotion.  |
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Sage
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April 11, 2013, 12:27:42 PM |
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There are projects on these boards like Dark-exchange but people don't seem to be taking much notice of there work. If anyone has the technical know-how to set up a decentralised P2P network then contact me. I can do the design, branding and promotion. I'd be interested in pitching in for a bounty and/or X-prize if we can get enough interest. Maybe now the iron is hot, and we should start the discussion. If not this event, it will be another. Mtgox has gotta go. We need a decentralized exchange that can scale. We needed it yesterday to be exact. Techies no f#@! around. Let's get something going. What do we need to do to get this thing off the launch pad? |
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