Bitcoin Forum
December 08, 2016, 06:17:54 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Satoshi help!  (Read 3617 times)
unemployed
Member
**
Offline Offline

Activity: 70


Try out Bitcoin Tool v1.1 - over 220 installs


View Profile WWW
June 20, 2011, 08:18:38 AM
 #1

Satoshi where are you when we need you?? You solved the Byzantine generals problem and invented distributed currency, okay. Now it's time to invent distributed exchange.



Bitcoin Tool - browser extension for Firefox, Chrome and Internet Explorer
141HiFa6pek3uM32LpRe3gXraETV1fViWC
http://i.imgur.com/4OT19.png    <- Bitcoin Tool recognizes bitcoin addresses on websites, and links them to blockexplorer.
1481221074
Hero Member
*
Offline Offline

Posts: 1481221074

View Profile Personal Message (Offline)

Ignore
1481221074
Reply with quote  #2

1481221074
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bitrebel
Sr. Member
****
Offline Offline

Activity: 364


View Profile
June 20, 2011, 08:23:02 AM
 #2

Satoshi where are you when we need you?? You solved the Byzantine generals problem and invented distributed currency, okay. Now it's time to invent distributed exchange.



How much do you want from one person? Geez!
Why don't you ask him to bring on the second coming?
Maybe he can stop the nuclear crisis in Fukushima while he is at it?
 

Why does Bitrebel have 65+ Ignores?
Because Bitrebel says things that some people do not want YOU to hear.
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
June 20, 2011, 08:25:39 AM
 #3

Maybe he can stop the nuclear crisis in Fukushima while he is at it?

That would be too easy for Satoshi.  Tongue
oneforall
Member
**
Offline Offline

Activity: 84


View Profile
June 20, 2011, 08:26:04 AM
 #4


Why don't you ask him to bring on the second coming?
 

umm.... i thought it was clear that he already had...
noedaRDH
Full Member
***
Offline Offline

Activity: 182


Finding Satoshi


View Profile
June 20, 2011, 08:29:17 AM
 #5

Satoshi where are you when we need you?? You solved the Byzantine generals problem and invented distributed currency, okay. Now it's time to invent distributed exchange.



Woah, I want that for my wallpaper, even if Bitcoin does fail!

1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q

Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 20, 2011, 08:33:42 AM
 #6

Satoshi where are you when we need you?? You solved the Byzantine generals problem and invented distributed currency, okay. Now it's time to invent distributed exchange.


How much do you want from one person? Geez!
Why don't you ask him to bring on the second coming?
Maybe he can stop the nuclear crisis in Fukushima while he is at it?
 

Seriously. What shape should a distributed exchange take? How can it be funded? I was thinking why not get a bunch of people together to pledge some bitcoin [full disclosure I only have 2 and am waiting to get more when the exchanges open up again] to invest in an exchange and charge a percentage of the exchanged money that gets split evenly between all the investors?

As for the shape of a distributed exchange, I'm not so sure about that. Ideas?
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 20, 2011, 08:37:37 AM
 #7

Satoshi where are you when we need you?? You solved the Byzantine generals problem and invented distributed currency, okay. Now it's time to invent distributed exchange.

Dont you understand? Satoshi almighty decided to crash Gox to gives us a hand.  Grin (He cannot stand centralization).
unemployed
Member
**
Offline Offline

Activity: 70


Try out Bitcoin Tool v1.1 - over 220 installs


View Profile WWW
June 20, 2011, 08:37:52 AM
 #8

Seriously. What shape should a distributed exchange take? How can it be funded? I was thinking why not get a bunch of people together to pledge some bitcoin [full disclosure I only have 2 and am waiting to get more when the exchanges open up again] to invest in an exchange and charge a percentage of the exchanged money that gets split evenly between all the investors?

As for the shape of a distributed exchange, I'm not so sure about that. Ideas?

None of us mortals can answer those questions.

Bitcoin Tool - browser extension for Firefox, Chrome and Internet Explorer
141HiFa6pek3uM32LpRe3gXraETV1fViWC
http://i.imgur.com/4OT19.png    <- Bitcoin Tool recognizes bitcoin addresses on websites, and links them to blockexplorer.
blendergasket
Newbie
*
Offline Offline

Activity: 28


View Profile
June 20, 2011, 08:38:32 AM
 #9

Seriously. What shape should a distributed exchange take? How can it be funded? I was thinking why not get a bunch of people together to pledge some bitcoin [full disclosure I only have 2 and am waiting to get more when the exchanges open up again] to invest in an exchange and charge a percentage of the exchanged money that gets split evenly between all the investors?

As for the shape of a distributed exchange, I'm not so sure about that. Ideas?

None of us mortals can answer those questions.


LoL
bitrebel
Sr. Member
****
Offline Offline

Activity: 364


View Profile
June 20, 2011, 08:39:13 AM
 #10

I thought Satoshi retired and went back to playing Nintendo.  Huh

Why does Bitrebel have 65+ Ignores?
Because Bitrebel says things that some people do not want YOU to hear.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2100



View Profile
June 20, 2011, 08:42:45 AM
 #11


satoshi can't post here anymore as much as he would want to .... he has only ever posted/connected with forum via Tor nodes

... and the forum has now banned posting from Tor, or ....?

shads
Full Member
***
Offline Offline

Activity: 224


View Profile WWW
June 20, 2011, 08:48:44 AM
 #12

Can't see how a distributed exchange could work.  Transactions need fast confirmation on an exchange.  If not traders will not touch it and you need traders to provide liquidity.  Imagine being in a fast moving market and taking a long position but not being able to confirm your order was filled until 10 mins after the fact.  That's 10 mins of exposure where your hands are tied.  You can't sell because the counterparty you're selling too can't be sure you've got the BTC to sell them.

Best option is multiple exchanges for redundancy and multiple clearing houses to link them so you make trades across exchanges.  Under that model it wouldn't be so nearly impossible for a new exchange to break into the market because there clients could trade with clients on the other established exchanges.  If not clearing houses then the exchanges need to provide facilities to make arbitrage viable.  The arbitrage traders provide liquidity across exchanges.

PoolServerJ Home Page - High performance java mining pool engine

1LezqRatQz7MeNoCVziYwcdwtqeEbvrdAq - http://payb.tc/shads

Quote from: Matthew N. Wright
Stop wasting the internet.
killer2021
Member
**
Offline Offline

Activity: 84


View Profile
June 20, 2011, 08:51:51 AM
 #13

I thought Satoshi retired and went back to playing Nintendo.  Huh

Hmm, well one of his last posts he said he was moving on to, "bigger projects." Then again, you never know. Satoshi may still be amongst us (most likely) just under a different identity and less active role. He got spooked during the whole wikileaks cable release. He didn't want to be the next julian assange and he did a pretty damn good job of going into hiding.

"WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us." - One of Satoshi's last remarks before leaving the community.

Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
1H6mqgB6UcqKt2SrCmhjxUp9np1Xrbkdj7
jatajuta
Sr. Member
****
Offline Offline

Activity: 365



View Profile
June 20, 2011, 08:56:48 AM
 #14

What would happen if Satoshi decides to confront Chuck Norris?
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 20, 2011, 08:58:17 AM
 #15

What would happen if Satoshi decides to confront Chuck Norris?
Satoshi IS Chuck Norris.
unk
Member
**
Offline Offline

Activity: 84


View Profile
June 20, 2011, 09:00:47 AM
 #16

I thought Satoshi retired and went back to playing Nintendo.  Huh

Hmm, well one of his last posts he said he was moving on to, "bigger projects." Then again, you never know. Satoshi may still be amongst us (most likely) just under a different identity and less active role. He got spooked during the whole wikileaks cable release. He didn't want to be the next julian assange and he did a pretty damn good job of going into hiding.

"WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us." - One of Satoshi's last remarks before leaving the community.

i don't recall a reference to 'bigger projects', but i could be wrong.

the reference to wikileaks was the result of a particular situation and was not, i think, meant to be generalised.

as to the original poster's question, a distributed currency exchange is probably a pipe dream in practice. but the real solution to the problem is a distributed bitcoin economy, making currency exchanges less important. whether that distributed economy will grow is the crucial question facing bitcoin at present. it's been slow recently because most of the influx, even with recent mass press coverage, has been of speculators and miners.
killer2021
Member
**
Offline Offline

Activity: 84


View Profile
June 20, 2011, 09:01:58 AM
 #17

What would happen if Satoshi decides to confront Chuck Norris?
Satoshi IS Chuck Norris.

relevant

http://www.youtube.com/watch?v=i-GCJHwvCms

Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
1H6mqgB6UcqKt2SrCmhjxUp9np1Xrbkdj7
unemployed
Member
**
Offline Offline

Activity: 70


Try out Bitcoin Tool v1.1 - over 220 installs


View Profile WWW
June 20, 2011, 09:04:36 AM
 #18

Seriously. What shape should a distributed exchange take? How can it be funded?
As for the shape of a distributed exchange, I'm not so sure about that. Ideas?
Can't see how a distributed exchange could work.  Transactions need fast confirmation on an exchange.  If not traders will not touch it and you need traders to provide liquidity.  Imagine being in a fast moving market and taking a long position but not being able to confirm your order was filled until 10 mins after the fact.  That's 10 mins of exposure where your hands are tied.  You can't sell because the counterparty you're selling too can't be sure you've got the BTC to sell them.

Just an idea - people provide limited access to their bank accounts to make money transfers, similarly how computers are made available for external traffic in the Tor network. This way a big distributed network is created, capable of making money transfers. To prevent stealing money from nodes, all USD/real currency in a node is backed up by freezing equivalent amount of node owner's BTC, as a guarantee.

Bitcoin Tool - browser extension for Firefox, Chrome and Internet Explorer
141HiFa6pek3uM32LpRe3gXraETV1fViWC
http://i.imgur.com/4OT19.png    <- Bitcoin Tool recognizes bitcoin addresses on websites, and links them to blockexplorer.
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 20, 2011, 09:08:57 AM
 #19

I thought Satoshi retired and went back to playing Nintendo.  Huh

Hmm, well one of his last posts he said he was moving on to, "bigger projects." Then again, you never know. Satoshi may still be amongst us (most likely) just under a different identity and less active role. He got spooked during the whole wikileaks cable release. He didn't want to be the next julian assange and he did a pretty damn good job of going into hiding.

"WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us." - One of Satoshi's last remarks before leaving the community.

Regarding the effectiveness of Wikileaks, someone can tell me why the most important of whistleblowers got caught by the US government and sent to guantanamo? I thought wikileaks was to give whistleblowers a safe way to communicate information.

Also, this video got me thinking who is really behind wikileaks.
http://www.youtube.com/watch?v=O69SCJAhUdI&feature=channel_video_title

Its a bit offtopic, but has to do with Satoshi more or less.
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 20, 2011, 09:25:48 AM
 #20

He left when he realised that bitcoin became exactly that which he wanted to escape from.
How do you mean?
Pages: [1] 2 »  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!