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mikegogulski (OP)
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December 03, 2010, 06:55:07 PM |
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Gee Mike, do you have to use the "L" word? ;-)
Are you familiar with 1MDC? I'm familiar with 1MDC. Does L stand for something? I get what you're saying, but miss the reference unless it's simply to "ledger". The more I think about this, the less I want to be a service which holds balances on behalf of depositors. I want my clients' risk exposure to be ephemeral, the duration of generation of a block or three. I also want to maintain the absolute minimal state data on my clients during and after their transactions. I don't want to be the dick who gets his walled seized by Teh Man and leaves thousands of depositors cursing my name. Still, I like Davout's vision, lemurs and all. What I'm thinking about is a model in which depositors can stake a certain amount of value for a period of time they specify themselves, and after which it's returned to them automatically in full if there isn't a request submitted to make use of their deposit. Am I right in thinking that since my system would take a commission and thereby build up a balance that over time that balance itself would introduce useful entropy? |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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davout
Legendary
 Offline
Activity: 1372
Merit: 1007
1davout
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December 03, 2010, 06:56:48 PM |
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...less than 200 lines of PHP, plus my bitcoin-php library. I'm looking for the best ideas, though.
The best idea I could give you is : switch to Rails my friend  |
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mikegogulski (OP)
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December 03, 2010, 07:06:19 PM |
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...less than 200 lines of PHP, plus my bitcoin-php library. I'm looking for the best ideas, though.
The best idea I could give you is : switch to Rails my friend Sure, because being able to curry my lambdas is really going to address the key problems you mentioned before. Still, if you let me have your lemur, I will consider your proposal  |
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nanaimogold
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December 03, 2010, 07:19:57 PM |
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Gee Mike, do you have to use the "L" word? ;-)
Are you familiar with 1MDC? I'm familiar with 1MDC. Does L stand for something? I get what you're saying, but miss the reference unless it's simply to "ledger". ... I can't say it for fear of invoking a demon. When I hear the "L" word I tend to cover my ears and loudly chant LA-LA-LA-LA-LA lemur4bitcoin.com - lemurs for all! |
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mikegogulski (OP)
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December 03, 2010, 07:23:31 PM |
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lemur4bitcoin.com - lemurs for all!
syadasti@nobody:~/.bitcoin$ dig lemur4bitcoin.com ns
; <<>> DiG 9.7.0-P1 <<>> lemur4bitcoin.com ns
;; global options: +cmd
;; Got answer:
;; ->>HEADER<<- opcode: QUERY, status: NXDOMAIN, id: 16483
;; flags: qr rd ra; QUERY: 1, ANSWER: 0, AUTHORITY: 1, ADDITIONAL: 0
;; QUESTION SECTION:
;lemur4bitcoin.com. IN NS
;; AUTHORITY SECTION:
com. 900 IN SOA a.gtld-servers.net. nstld.verisign-grs.com. 1291404117 1800 900 604800 86400
;; Query time: 146 msec
;; SERVER: 127.0.0.1#53(127.0.0.1)
;; WHEN: Fri Dec 3 20:22:21 2010
;; MSG SIZE rcvd: 108
syadasti@nobody:~/.bitcoin$ ZOMG! |
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Alex Beckenham
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April 10, 2011, 08:00:02 PM |
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Have any of the suggested improvements in this thread been implemented (since December 2010)?
Is the site still operational?
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左
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April 11, 2011, 06:15:22 AM |
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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April 30, 2011, 09:06:34 PM |
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The commission dropped to 0.5%.
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gofunk
Newbie
Offline
Activity: 4
Merit: 0
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February 08, 2015, 12:26:15 PM |
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Can you explain how this works?
Sure! You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to. The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it. You send the requisite number of Bitcoins to that address. Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission. Make sense? Im sitting with 69 confirmations and no sign of my coins!? Im concerned..... |
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koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 08, 2015, 04:34:17 PM |
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Can you explain how this works?
Sure! You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to. The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it. You send the requisite number of Bitcoins to that address. Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission. Make sense? Im sitting with 69 confirmations and no sign of my coins!? Im concerned..... It has been so long does this even works anymore? Anyway just to clear you up , if mike implemented it right , it will take time to change your (illegal BTC) to good btc , by waiting for someone else to contribute in the pool |
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gofunk
Newbie
Offline
Activity: 4
Merit: 0
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February 08, 2015, 10:37:16 PM |
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Can you explain how this works?
Sure! You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to. The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it. You send the requisite number of Bitcoins to that address. Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission. Make sense? Im sitting with 69 confirmations and no sign of my coins!? Im concerned..... It has been so long does this even works anymore? Anyway just to clear you up , if mike implemented it right , it will take time to change your (illegal BTC) to good btc , by waiting for someone else to contribute in the pool Last transaction I seen on another thread were Mike confirmed it was November 2014. Guy got his coin back just a little over 18 hours. Way past that for me.... The wait is killing me! |
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gofunk
Newbie
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Activity: 4
Merit: 0
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February 12, 2015, 11:29:04 AM |
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all sorted now cheers mike
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koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 18, 2015, 06:02:03 PM |
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all sorted now cheers mike
Good So did you got your coins laundered or he just sent them back? |
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Stellaartois
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February 20, 2015, 11:13:53 PM |
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How does this work and how do people know that it has actually been laundered what processes have you gone through to do this
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koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 21, 2015, 06:09:52 AM |
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How does this work and how do people know that it has actually been laundered what processes have you gone through to do this
Ifyou really looking to launder some money Use bitmixer , they are reputated and wait won't be that long |
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Mehek
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February 21, 2015, 02:35:27 PM |
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Do anyone can clear me this consept please?I mean what is the difference bettwen this and bitmixer.io?do both works same or both are different?and please no pm's
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