Biodom
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Activity: 3738
Merit: 3836
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January 28, 2014, 08:17:08 PM |
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I like how coblee said the USG should mine to prevent a 51% attack
Who said they already don't do that. Notice the steeply rising "unknown" pool %. Unknown=US, china, etc.? |
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Alias
Full Member
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Activity: 127
Merit: 100
Money be green
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January 28, 2014, 08:17:48 PM |
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She actually thinks the only way people trade/transact Bitcoins is by trading private keys? Oh wow.  |
In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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threecats (OP)
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January 28, 2014, 08:19:16 PM |
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so much of this is about setting up a nanny state to protect us from what we are already doing ...
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Alias
Full Member
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Activity: 127
Merit: 100
Money be green
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January 28, 2014, 08:20:14 PM |
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Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange!  They think they have it all figured out and they're still years behind on the technology! |
In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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KFR
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January 28, 2014, 08:20:22 PM |
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Actually she raises a good point that a lot of muggles don't get about the distinction between the private key and the coins stored at its corresponding address. Me sending you coins via the network is technically (and probably legally) distinct from me giving you a private key. This distinction is something regulators need to grok fully before they can do their job.
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They're trying to buy all the coins.
We must not let them.
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threecats (OP)
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January 28, 2014, 08:23:23 PM |
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"in the midst of the sale, the cryptotransmission goes down"
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humanitee
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January 28, 2014, 08:23:57 PM |
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"in the midst of the sale, the cryptotransmission goes down"
cryptocompany* made me laugh |
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Fast, Secure, and Fully
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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January 28, 2014, 08:25:36 PM |
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In the midst of the sale, the world explodes. WHERE IS MY DOLLARS HUH?
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Alias
Full Member
Offline
Activity: 127
Merit: 100
Money be green
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January 28, 2014, 08:28:54 PM |
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Actually she raises a good point that a lot of muggles don't get about the distinction between the private key and the coins stored at its corresponding address. Me sending you coins via the network is technically (and probably legally) distinct from me giving you a private key. This distinction is something regulators need to grok fully before they can do their job.
It is an interesting situation. If there is an identity attached to the private key, it is like giving someone the password to your online banking account. If there is no identity attached to the private key then it is similar to an off-chain transaction. Ultimately there is some interesting money laundering potential with trading private keys. |
In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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January 28, 2014, 08:29:32 PM |
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By jove I think she has got it! A shame the awkward silence in the room made it seem like nobody else did  |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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threecats (OP)
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January 28, 2014, 08:30:12 PM |
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bitstamp has gone down by ten since these chicks started talking ....
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humanitee
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January 28, 2014, 08:36:37 PM |
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Shit, done carbon'd to hard ya'll
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
█▄ ▀█ ██ █ ▄███ ██████ ███
█████ █ ██ ███ █ ████ ████ ▄ ███
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Medium
Reddit
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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January 28, 2014, 08:41:31 PM |
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Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology! Coloredcoins reference complete |
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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January 28, 2014, 08:41:45 PM |
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Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology! ... as if by magic ... |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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jerk
Newbie
Offline
Activity: 57
Merit: 0
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January 28, 2014, 08:42:33 PM |
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Bring back panel 1!
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Alias
Full Member
Offline
Activity: 127
Merit: 100
Money be green
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January 28, 2014, 08:43:12 PM |
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Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology! Coloredcoins reference complete They were pretty mind blown but they've totally glossed over it now! Damn it. Charlie, tell them about decentralized exchanges!!!! Edit: Oh man, why oh why didn't he tell them that cryptocurrencies could represent fiat currencies! They'd have exploded! |
In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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jamesc760
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January 28, 2014, 08:49:16 PM |
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An Asian nerd sandwiched between two blonde female lawyers. There's a joke somewhere...
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Torque
Legendary
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Activity: 3542
Merit: 5039
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January 28, 2014, 08:53:11 PM |
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I think we need to simplify it for the regulators, not make it more complicated (with discussion around colored coins). Or else these regulations will take forever to draft/approve/publish and be overly complicated to follow and comply with.
Also I'm not sure that Panel 2 has the right mix of folks to be commenting on how bitcoins should be classified (commodity, currency, etc.), nor taxed/treated at the State level.
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Alias
Full Member
Offline
Activity: 127
Merit: 100
Money be green
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January 28, 2014, 08:53:33 PM |
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An Asian nerd sandwiched between two blonde female lawyers. There's a joke somewhere...
That was probably the motivation to create Litecoin in the first place! |
In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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