--- Log opened Mon Oct 31 18:58:37 2011
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< alolymous> hey
< SterNiX> hi
< alolymous> bebakshid, farsi-am khob harf nemizanam. inglis bebinam
< alolymous> so have any of you heard of bitcoin?
< SterNiX> i have heard of its name alolymous
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< alolymous> what do you know about it?
< alolymous> is there anyone here from isfahan lug?
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< SterNiX> not at the mo alolymous
< SterNiX> theyre a couple that i know of
< SterNiX> there could be more, but i only know of 2
< alolymous> ok so i work with bitcoin
< SterNiX> aha nice to meet u
< alolymous> my father is from iran, and i have spent time in iran in the past
< alolymous> and this project has something to offer to iran i think
< alolymous> however it's complicated
< alolymous> as the project uses vast amounts of cryptography and networking concepts
< alolymous> does mohi still participate in ubuntu/linuxshop.ir?
< SterNiX> i got an email form linuxshop.ir
< SterNiX> and i think he does
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< alolymous> http://arioslinux.org/
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< alolymous> SterNiX: Short version of what bitcoin is: it is a currency, but an entirely new kind of currency that can’t be seized or frozen by governments, one which is integrated with its transaction system where transaction fees are optional, and where you can transfer any amount anywhere instantly without any authority knowing or interfering.
< alolymous> good article: http://falkvinge.net/2011/05/19/the-information-policy-case-for-flat-tax-and-basic-income/
< alolymous> i'm thinking that using bitcoin, iranians could pay for goods using paypal
< alolymous> and get around the US embargo
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< alolymous> so would that be a useful thing for iranians? a way to buy paypal dollars using rial
< acathur> though getting some bitcoins is not easy imo at first place
< alolymous> acathur: you mean in iran?
< acathur> alolymous: no, i mean in general
< alolymous> from which country?
< acathur> iran
< alolymous> USA/Europe/UK it's pretty easy
< alolymous> yeah hence an iranian exchange
< alolymous> imagine people could easily trade goods around online with the rest of the world without having restrictions on how they spend their money
< alolymous> transferring money in and out of iran is near impossible.
< alolymous> but with bitcoins it'd be really easy.
< alolymous> it would even be possible to order goods from the USA to Iran
< acathur> by getting bitcoins i meant having some bitcoins for payment
< acathur> mining bitcoins just isn't a good idea anymore afaik, so one would need to exchange them with dollars for example
< acathur> and that's the problem
< alolymous> it really isn't.
< alolymous> let me explain how a bitcoin exchange works
< alolymous> persons A, B, C want BTC for their IRR, persons X, Y, Z want IRR for their BTC
< alolymous> so the second group demands bitcoins and puts up a buy order of 100 IRR for 10 BTC
< alolymous> however there isn't much bitcoin available, so the first group only sells a tiny amount
< alolymous> 1 BTC for 10 IRR
< alolymous> that quickly gets bought up. but then A, B, C want bitcoins still eventhough there isn't any on the market
< alolymous> so they start to compete and place higher orders (demand goes up)
< alolymous> 99 IRR on the market
< alolymous> X, Y, Z decide to put up 6 BTC
< alolymous> therefore the market reaches a supply-demand equillibrium at 99 IRR = 6 BTC
< alolymous> now somebody sees the price is a lot higher on the UK exchange.
< alolymous> by buying GBP with their IRR, they can engage in arbitrage and make money
< alolymous> again the supply-demand relationship brings a market equillibrium
< alolymous> http://bitcoinwatch.com/
< alolymous> if you denominate the USD price in GBP then you'll see they're very similar because of arbitrage
< acathur> true. yet i couldn't find anyone who would exhange BTC for IRR or the other way. so i'd probably need to use a third currency in the middle, using the BTC -> USD -> IRR or the other way around
< alolymous> that's why i'm saying to make an exchange in iran
< alolymous> BTC -> IRR
< alolymous> then present it as a cheap/easy way to make payments to/from iran
< alolymous> since right now, it is impossible to send money to iran
< acathur> i like what you say too, but do you know anyone or anywhere to do that now? i need BTC and there's just no one who'd exchange for IRR
< alolymous> when i started out with bitcoin 1 year ago. i had no way to buy bitcoins
< alolymous> so i created the UK exchange
< alolymous> it's very easy now to get money in the UK
< acathur> (just asked mohi to join here)
< alolymous> ok cool. he knows me from a long time ago
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< alolymous> i was waiting to see why nothing was happening in iran
< alolymous> there is at least one iranian user: whois bitcoin.ir
< alolymous> registered with IRNIC (so inside iran)
< alolymous> and an address in Tehran
< alolymous> mohi: hey
< mohi> hey buddy!
< mohi> wasup?
< alolymous> do you still run linuxshop.ir?
< alolymous> i saw you have ubuntu 11.10 on there
< mohi> ya
< mohi> not much time for it. there are some operators soing the stuff ;-)?
< mohi> doing*
< alolymous> what are you doing now you left the army?
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< mohi> just messing around ;-)
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< mohi> ya my military service has finished
< mohi> acathur: pinch you buddy
< alolymous> that's cool.
< mohi> alolymous: are still working on bitcoin?
< alolymous> yes
< mohi> alolymous: woohooo
my famous friend ;-)
< alolymous> i was trying to message you a ton before because bitcoin is incredible
< mohi> wow nice
< mohi> i think acathur has something in common with you then on bitcoin!
< mohi> ping acathur
< alolymous> like i'm surprised why this takes off in a huge way in USA and UK
< alolymous> but not in Iran
< acathur> mohi: ?
< alolymous> in iran where something like this is needed more than anywhere else
< alolymous> and i was sitting there waiting. wondering what are iranians doing?
< mohi> acathur: as i remembered you used to mess around bitcoin sometimes.
< alolymous> mohi: what do you know about bitcoin? tell me.
< acathur> mohi: yup
< mohi> alolymous: iranians are in their historical dizziness! enjoying their deep sleep!
< mohi> alolymous: mate! take it off me
then push it in acathur's!
< alolymous> the whole world revolts from new york to egypt and iranians sleep
< acathur> people just don't know/care about it yet. i found about it in the middle of wikileaks news
< alolymous> imagine now in iran, where it can be used for buying goods from the USA or sending money to/from Iran quickly/easily/cheapy to anywhere in the world
< alolymous> and the enormous potential for positive social good.
< acathur> or imagine governments fighting with BTC?
< alolymous> it is the first time in history that we have a monetary system without the intrusion of middlemen and corruption. the system is totally pure with a strong privacy model.
< alolymous> acathur: you mean like how they tried and failed with bittorrent?
< alolymous> fuck, i really want to do this just to give 2 fingers to the retarded sanctions
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< acathur> thanks alolymous. even if it's still of no use in iran
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< alolymous> why would a currency that allows economic freedom be less useful in an unfree country than in the UK?
< acathur> it really is useful, but no one uses it here. as you can see.
< alolymous> mohi: do you want to test it out? all i need is for you to register an iranian limited company, then open a business bank account. once a week you send me a list of bank deposits, and i give you a list of withdrawals.
< alolymous> it really is minimal effort on your part, but i need somebody in iran i can totally trust.
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< moha> alolymous: let me some days buddy ;-) Im too much busy on these days and i think i should be ok in next tw weeks
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< alolymous> meh