Bitcoin Forum
May 14, 2024, 03:33:53 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-05-03 Using The Nash Equilibrium To Bypass Bitcoin Currency Exchanges  (Read 938 times)
Black Arrow (OP)
Jr. Member
*
Offline Offline

Activity: 46
Merit: 1


View Profile
May 07, 2013, 02:13:38 AM
 #1


Using The Nash Equilibrium and Mutually Assured Destruction To Bypass Bitcoin Currency Exchanges
http://www.libertariannews.org/2013/05/03/using-the-nash-equilibrium-and-mutually-assured-destruction-to-by-pass-currency-exchanges/
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715657633
Hero Member
*
Offline Offline

Posts: 1715657633

View Profile Personal Message (Offline)

Ignore
1715657633
Reply with quote  #2

1715657633
Report to moderator
CIYAM
Legendary
*
Offline Offline

Activity: 1890
Merit: 1078


Ian Knowles - CIYAM Lead Developer


View Profile WWW
May 07, 2013, 02:21:16 AM
 #2

So the BTC for both parties is tied up until the seller receives a PayPal (yes - that is what is says) payment then the buyer is returned their own plus the BTC they have *bought*.

Next step is to reverse the PayPal transaction and seller is scammed - hmm... I think it might need a little more thought.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!