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dfg
July 17, 2010, 02:04:24 AM
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sdgsg
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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July 17, 2010, 02:19:51 AM
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I think there is still some manual work involved in running it and the guy needs to sleep sometimes.
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July 17, 2010, 04:11:21 AM
 #3

Sleep is for amateurs. Maybe a Euro exchange needs to open up then (p2p style like the bcm)



lol.I thought sirius had a euro exchange market?
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July 17, 2010, 11:01:32 AM
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i think you mean bitcoinexchange.com.
not sure if this is really a market or an exchange service with fixed rates.

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July 17, 2010, 11:56:37 AM
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i think you mean bitcoinexchange.com.
not sure if this is really a market or an exchange service with fixed rates.

Its a market, with fluctuating rates and fixed service fees.

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July 17, 2010, 12:22:47 PM
 #6

i think you mean bitcoinexchange.com.
not sure if this is really a market or an exchange service with fixed rates.

I think BitCoinExchange has set rates by the manager of the site, but they do change. BitCoinMarket is a market with the rates based on what other people are willing to trade at.

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July 17, 2010, 07:12:10 PM
 #7

i think you mean bitcoinexchange.com.
not sure if this is really a market or an exchange service with fixed rates.

I think BitCoinExchange has set rates by the manager of the site, but they do change. BitCoinMarket is a market with the rates based on what other people are willing to trade at.

That sounds like something that can encourage a lot of arbitrage, most likely at the expense of bitcoin exchange if he gets it running again.

I don't think he has all that much at risk, but it seems like with the presence of a floating market he's going to lose it all at some point unless he also becomes a floating market.
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July 17, 2010, 10:14:03 PM
 #8

i think you mean bitcoinexchange.com.
not sure if this is really a market or an exchange service with fixed rates.

I think BitCoinExchange has set rates by the manager of the site, but they do change. BitCoinMarket is a market with the rates based on what other people are willing to trade at.

That sounds like something that can encourage a lot of arbitrage, most likely at the expense of bitcoin exchange if he gets it running again.

I don't think he has all that much at risk, but it seems like with the presence of a floating market he's going to lose it all at some point unless he also becomes a floating market.
Unless he has changed it, his prices adjust dynamically on a curve. It's pretty much impossible to buy all his bitcoins.

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