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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1977781 times)
brg444
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November 13, 2014, 02:17:25 AM
 #16681

Isn't she on-board with Ripple? None of those statements are surprising then.

she's a fraud  Angry

first question from Q&A is why the classic Bitcoin and not just "blockchain" fintech innovation and she's the first to reply with "Ripple!"

it's a shame though cause it does seem like she sees the value proposition when she develops her answer furthermore...

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 13, 2014, 02:17:50 AM
 #16682

...so it annoys me when you folks try to fuck it up ...

Define, please.

when tvbcof gets mad, he just gets mad at everyone.

Yes, no, sorta.  Most often my troll-fests correspond with a good mood and goodwill to all.  'You only troll the ones you love', dontcha know?  Besides, Justus (or shall I say, 'Doogie Coder') started the 8-ball rollin' on the very amusing age thing IIRC.

Oh, while I'm here, 'define' would be to provoke a growth spurt in Bitcoin which would change the nature of the solution.  I've outlined my concerns hundreds of times I'm sure.


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November 13, 2014, 03:27:40 AM
 #16683

so beautiful.

this is one of those "get on now or risk being left behind forever" moments.  Cheesy
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November 13, 2014, 03:32:37 AM
 #16684

Charlie Songhurst from Katana ended the Bloomberg panel with a fantastic quote I have to share

"Innovation isn't random chance, it's a probabilistic outcome based on labour and capital. If you want to monitor the health of the ecosystem and know where the innovation is at ; look where smartest developers and savyest VCs are putting their labour and capital."

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 13, 2014, 03:33:16 AM
 #16685

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.
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November 13, 2014, 03:37:54 AM
 #16686

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 13, 2014, 03:57:11 AM
 #16687

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


as contentious as our debates got, you have helped me crystalize my understanding of how SC's are going to play out.  i totally agree that the best use of SC's for Bitcoin are as development tools for your "utility" chains as you call them.  the only problem with that is they will only be applied and developed for those specific uses that help Bitcoin as Money.  and as you have said, this will probably only include those related to fast tx and anonymity and those will be the only SC's that garner BTC use and MM.  but that is very limited and highly focused.  they will be devved out of the public good as that will increase Bitcoin value even while not paying devs directly.

but that won't stop all the thousands, if not billions, of "companies", including those with altcoins, that will bolt onto the MC via the 2wp in an attempt to suck out BTC value.  i no longer conceptualize SC's as blockchains or ledgers running parallel alongside Bitcoin's blockchain.  i think of them as circles (for profit companies) with small unique ledgers within them that will have just as many different rules and manipulations that go on in fiat companies.  think of the TC diagram.  and they all will advertise with over-the-top claims to fame just like TC.  whether or not BTC holders can resist speculating in these companies should require exceptional diligence but i don't for a minute believe ppl will be able to resist as they will all be advertised as decentralized.

in that sense, considering speculation, i still don't think SC's are a good idea in that those 2 highly focused utilities should be able to be developed on MC.
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November 13, 2014, 04:09:02 AM
 #16688

OKCoin @ 473

yeehaw
brg444
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November 13, 2014, 04:11:48 AM
 #16689

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


as contentious as our debates got, you have helped me crystalize my understanding of how SC's are going to play out.  i totally agree that the best use of SC's for Bitcoin are as development tools for your "utility" chains as you call them.  the only problem with that is they will only be applied and developed for those specific uses that help Bitcoin as Money.  and as you have said, this will probably only include those related to fast tx and anonymity and those will be the only SC's that garner BTC use and MM.  but that is very limited and highly focused.  they will be devved out of the public good as that will increase Bitcoin value even while not paying devs directly.

but that won't stop all the thousands, if not billions, of "companies" that will bolt onto the MC via the 2wp in an attempt to suck out BTC value.  i no longer conceptualize SC's as blockchains or ledgers running parallel alongside Bitcoin's blockchain.  i think of them as circles (for profit companies) with small unique ledgers within them that will have just as many different rules and manipulations that go on in fiat companies.  think of the TC diagram.  and they all will advertise with over-the-top claims to fame just like TC.  whether or not BTC holders can resist speculating in these companies should require exceptional diligence but i don't for a minute believe ppl will be able to resist.

in that sense i still don't think SC's are a good idea in that those highly focused utilities should be able to be developed on MC.

I think what you tend to forget is open source democratizes that process and bad actors will get weeded out.

Can you present an example of such companies that will attach to the mainchain and how they would go about devaluing the units locked into their sidechain?

I'm sorry but TC is a pathetic example and an obvious scam that will attract so much suckers before it gets exposed.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 13, 2014, 04:28:06 AM
 #16690

The rising price hasn't lifted my spirits much at all.
Still reeling from this bad news.  (Bad for gold, bad for Bitcoin)
http://news.goldseek.com/GATA/1415649749.php
...
http://www.gata.org/files/VonNotHausOrder-Nov-10-2014.pdf

In which Judge Voorhees writes about my friend Bernard von NotHaus, one of the inspirations for Satoshi...
A quote from the previous horrible case Gellman v US:

Quote
"The United States has the sole power to coin money under the Constitution, and if anyone, individual or
State, assumes to supplant the medium of exchange adopted by our Government,
or assumes to compete with the United States Government in this regard, a
violation of these statutes would follow. Undoubtedly, no one can interfere with
the monopoly which this Government has obtained by reason of the
Constitutional provisions without running afoul of these statutes"
...
Whether the rationale
set forth in Gellman is adopted or not, the Court finds that under the construction of Section 486
applied here, contemplating that if a coin is intended for use as current money then there is
necessarily a deceptive quality about its design, Defendant’s conviction on Count Three must be
upheld.
For the reasons set forth herein, the undersigned is of the opinion, and this Court so finds
as a matter of law, that Congress indeed possesses the power to criminalize an individual’s
minting of coinage, whether in resemblance of U.S. coins or of original design, that is intended
for use as current money.

This... in contrast to several state's "lawful money" decisions (Calif), and even precious metal as Legal Tender laws (Utah)


That's a ridiculous interpretation of Article I (am I missing some other constitutional commentary on currency issuance?). Seems a very unlikely attack vector against bitcoin unless additional explicit legislation is passed (and it would have to somehow deal only with bitcoin et al, lest they set precedent that any Chuck E Cheese franchise owner is running an illegal currency scheme).

Believe it or not, this was from the court's decision.  US Federal court.
I'm flabbergasted.
This is a political prosecution.  There were no damages.
No one lost money, no one was cheated, there was no ponzi scheme, or money laundering or any of that.
In December he may become the first political prisoner in the USA for an alternative currency and questioning the Fed.
A warehouse full of gold and silver belonging to the warehouse receipt bearers was seized by the Feds.  The accounting was perfect, everything was there just as it was claimed to be.

He's facing 22 years in federal prison, and is in his 70s.
A brilliant man, he should be a national treasure, not a prisoner.  It just doesn't make sense.


The USA is not the US Dollar, just as no country is its currency.  This is just wrong.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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November 13, 2014, 04:38:28 AM
 #16691

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


as contentious as our debates got, you have helped me crystalize my understanding of how SC's are going to play out.  i totally agree that the best use of SC's for Bitcoin are as development tools for your "utility" chains as you call them.  the only problem with that is they will only be applied and developed for those specific uses that help Bitcoin as Money.  and as you have said, this will probably only include those related to fast tx and anonymity and those will be the only SC's that garner BTC use and MM.  but that is very limited and highly focused.  they will be devved out of the public good as that will increase Bitcoin value even while not paying devs directly.

but that won't stop all the thousands, if not billions, of "companies" that will bolt onto the MC via the 2wp in an attempt to suck out BTC value.  i no longer conceptualize SC's as blockchains or ledgers running parallel alongside Bitcoin's blockchain.  i think of them as circles (for profit companies) with small unique ledgers within them that will have just as many different rules and manipulations that go on in fiat companies.  think of the TC diagram.  and they all will advertise with over-the-top claims to fame just like TC.  whether or not BTC holders can resist speculating in these companies should require exceptional diligence but i don't for a minute believe ppl will be able to resist.

in that sense i still don't think SC's are a good idea in that those highly focused utilities should be able to be developed on MC.

I think what you tend to forget is open source democratizes that process and bad actors will get weeded out.

that's quite possible but you yourself said the current altcoin problem is getting worse (?)  i think it's slowly getting better but if we go with your opinion then its quite clear that bad actors aren't getting weeded out.  as Melbustus quoted before, Poelstra and all of us have been more than surprised.
Quote

Can you present an example of such companies that will attach to the mainchain and how they would go about devaluing the units locked into their sidechain?

i think the #'s and types of these for profit are only limited by your imagination.  as long as there are dishonest ppl in the world there will be companies that will attempt to attract Bitcoiners.  i think ALL the current altcoins will transform themselves into SC's and play the "decentralized exchange" card and the "Bitshares, CP, Ethereum all wrapped into one" card.  or "Bitcoin 2.0-Sidechain Enabled".
Quote

I'm sorry but TC is a pathetic example and an obvious scam that will attract so much suckers before it gets exposed.

ordinary follow on adopters of Bitcoin and even current Bitcoiners love to speculate.  TC/SC Enabled Prediction Markets actually sound pretty good!  i might even want to try it out.  even if it tries a little inflation of Cashcoin or whatnot, if it enables features that can't be found in Bitcoin proper, then it will attract Bitcoiners who aren't too bothered with that. 

ppl think differently and have different opinions.  i think it's important we recognize and accept this.
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November 13, 2014, 04:46:54 AM
 #16692

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


as contentious as our debates got, you have helped me crystalize my understanding of how SC's are going to play out.  i totally agree that the best use of SC's for Bitcoin are as development tools for your "utility" chains as you call them.  the only problem with that is they will only be applied and developed for those specific uses that help Bitcoin as Money.  and as you have said, this will probably only include those related to fast tx and anonymity and those will be the only SC's that garner BTC use and MM.  but that is very limited and highly focused.  they will be devved out of the public good as that will increase Bitcoin value even while not paying devs directly.

but that won't stop all the thousands, if not billions, of "companies" that will bolt onto the MC via the 2wp in an attempt to suck out BTC value.  i no longer conceptualize SC's as blockchains or ledgers running parallel alongside Bitcoin's blockchain.  i think of them as circles (for profit companies) with small unique ledgers within them that will have just as many different rules and manipulations that go on in fiat companies.  think of the TC diagram.  and they all will advertise with over-the-top claims to fame just like TC.  whether or not BTC holders can resist speculating in these companies should require exceptional diligence but i don't for a minute believe ppl will be able to resist.

in that sense i still don't think SC's are a good idea in that those highly focused utilities should be able to be developed on MC.

I think what you tend to forget is open source democratizes that process and bad actors will get weeded out.


that's quite possible but you yourself said the current altcoin problem is getting worse (?)  i think it's slowly getting better but if we go with your opinion then its quite clear that bad actors aren't getting weeded out.  as Melbustus quoted before, Poelstra and all of us have been more than surprised.
Quote

Can you present an example of such companies that will attach to the mainchain and how they would go about devaluing the units locked into their sidechain?

i think the #'s and types of these for profit are only limited by your imagination.  as long as there are dishonest ppl in the world there will be companies that will attempt to attract Bitcoiners.  i think ALL the current altcoins will transform themselves into SC's and play the "decentralized exchange" card and the "Bitshares, CP, Ethereum all wrapped into one" card.  or "Bitcoin 2.0-Sidechain Enabled".
Quote

I'm sorry but TC is a pathetic example and an obvious scam that will attract so much suckers before it gets exposed.

ordinary follow on adopters of Bitcoin and even current Bitcoiners love to speculate.  TC/SC Enabled Prediction Markets actually sound pretty good!  i might even want to try it out.  even if it tries a little inflation of Cashcoin or whatnot, if it enables features that can't be found in Bitcoin proper, then it will attract Bitcoiners who aren't too bothered with that.  

ppl think differently and have different opinions.  i think it's important we recognize and accept this.

Of course but no matter the wants or need of people, open source will allow for whatever option that fills that niche in the most legitimate way to win over the userbase in the long run.

I understand your concerns but at the end of the day my bet is the value created will far outweight the negatives.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 13, 2014, 04:55:59 AM
 #16693

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


as contentious as our debates got, you have helped me crystalize my understanding of how SC's are going to play out.  i totally agree that the best use of SC's for Bitcoin are as development tools for your "utility" chains as you call them.  the only problem with that is they will only be applied and developed for those specific uses that help Bitcoin as Money.  and as you have said, this will probably only include those related to fast tx and anonymity and those will be the only SC's that garner BTC use and MM.  but that is very limited and highly focused.  they will be devved out of the public good as that will increase Bitcoin value even while not paying devs directly.

but that won't stop all the thousands, if not billions, of "companies" that will bolt onto the MC via the 2wp in an attempt to suck out BTC value.  i no longer conceptualize SC's as blockchains or ledgers running parallel alongside Bitcoin's blockchain.  i think of them as circles (for profit companies) with small unique ledgers within them that will have just as many different rules and manipulations that go on in fiat companies.  think of the TC diagram.  and they all will advertise with over-the-top claims to fame just like TC.  whether or not BTC holders can resist speculating in these companies should require exceptional diligence but i don't for a minute believe ppl will be able to resist.

in that sense i still don't think SC's are a good idea in that those highly focused utilities should be able to be developed on MC.

I think what you tend to forget is open source democratizes that process and bad actors will get weeded out.


that's quite possible but you yourself said the current altcoin problem is getting worse (?)  i think it's slowly getting better but if we go with your opinion then its quite clear that bad actors aren't getting weeded out.  as Melbustus quoted before, Poelstra and all of us have been more than surprised.
Quote

Can you present an example of such companies that will attach to the mainchain and how they would go about devaluing the units locked into their sidechain?

i think the #'s and types of these for profit are only limited by your imagination.  as long as there are dishonest ppl in the world there will be companies that will attempt to attract Bitcoiners.  i think ALL the current altcoins will transform themselves into SC's and play the "decentralized exchange" card and the "Bitshares, CP, Ethereum all wrapped into one" card.  or "Bitcoin 2.0-Sidechain Enabled".
Quote

I'm sorry but TC is a pathetic example and an obvious scam that will attract so much suckers before it gets exposed.

ordinary follow on adopters of Bitcoin and even current Bitcoiners love to speculate.  TC/SC Enabled Prediction Markets actually sound pretty good!  i might even want to try it out.  even if it tries a little inflation of Cashcoin or whatnot, if it enables features that can't be found in Bitcoin proper, then it will attract Bitcoiners who aren't too bothered with that.  

ppl think differently and have different opinions.  i think it's important we recognize and accept this.

Of course but no matter the wants or need of people, open source will allow for whatever option that fills that niche in the most legitimate way to win over the userbase in the long run.

I understand your concerns but at the end of the day my bet is the value created will far outweight the negatives.

and therein lies the problem.  what is the definition of "legitimate"?  this is the same question i asked 50 pgs back, what is the "truth"?

as i've grown older, i've realized it's simply a matter of "opinion".  sad but true.  look at sad Obama.  he says "are you with us or against us?"  as if that the answer to that question is a legitimate measure of one's loyalty dedication to freedom.  i hope you get what i mean.

it's quite possible you end up right as it's open source.  we'll just have to agree to disagree.
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November 13, 2014, 05:07:02 AM
 #16694

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


I don't get the 1:1 thing.  It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?
It could be 1:100, 1:2, or 10:1, and when you return to the MC it reverses.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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November 13, 2014, 05:18:06 AM
 #16695

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


I don't get the 1:1 thing.  It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?
It could be 1:100, 1:2, or 10:1, and when you return to the MC it reverses.

don't know but i suppose he could change it and trap ppl inside.

the other thing he was making a big deal about is that he insists the transfer goes like this  BTC-->CC as opposed to BTC-->scBTC-->CC.  as if that makes a difference  Roll Eyes  but from a technical standpoint, i think it was notme who said there had to be essentially 2 tx's to accomplish the transformation to a new coin as in the latter example.  anyone know?

and as far as TC is concerned, it's not so much about the it being an altcoin, it's about the fact that most of the assets offered are speculative and subject to losses.
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November 13, 2014, 06:52:35 AM
 #16696

in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping.  he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk.  he sees SC's as a way to exploit Bitcoin.

i suggest every other altcoin will attempt the same bolt on strategy.

I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted


I don't get the 1:1 thing.  It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?
It could be 1:100, 1:2, or 10:1, and when you return to the MC it reverses.

don't know but i suppose he could change it and trap ppl inside.

the other thing he was making a big deal about is that he insists the transfer goes like this  BTC-->CC as opposed to BTC-->scBTC-->CC.  as if that makes a difference  Roll Eyes  but from a technical standpoint, i think it was notme who said there had to be essentially 2 tx's to accomplish the transformation to a new coin as in the latter example.  anyone know?

and as far as TC is concerned, it's not so much about the it being an altcoin, it's about the fact that most of the assets offered are speculative and subject to losses.
I watched that twitter dialog.  They sure got grumpy quickly.
Only two chains are required.  It can be more chains, and more transactions but the minimum would be:

1) a transaction on the MC locking the assets
2) a transaction on the SC whose inputs contain a cryptographic proof that the lock was done correctly (and thereby creating the SC asset).

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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November 13, 2014, 07:01:30 AM
 #16697

I don't get the 1:1 thing.  It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?
It could be 1:100, 1:2, or 10:1, and when you return to the MC it reverses.

don't know but i suppose he could change it and trap ppl inside.

Oh yes, (developer + miner) integrity is needed.
And there are a bajillion possible scams with new block chains, we've seen a lot of those in alt-land, but the ratio is immaterial to that.

So... no reason it can't be 1BTC:100scBTC on the way in and 100scBTC:1BTC on the return.

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November 13, 2014, 07:08:23 AM
 #16698

How much did David Chaum have solved at Digicash/eCash?

Some of the notes on the relevant wikipedia pages suggest he had double-spending solved:

Quote
...
Depending on the payment transactions, one distinguishes between on-line and off-line electronic cash: If the payee has to contact a third party (e.g., the bank or the credit-card company acting as an acquirer) before accepting a payment, the system is called an on-line system.[2] In 1990, Chaum together with Naor proposed the first off-line e-cash system, which was also based on blind signatures.[3]

http://en.wikipedia.org/wiki/Ecash


Quote
In 1988, he extended this idea (with Amos Fiat and Moni Naor) to prevent double-spending.[13]

http://en.wikipedia.org/wiki/David_Chaum


Anyone have any more info on this? Was eCash's remaining problem merely initial-coin distribution, or was BGP actually not (practically) 'solved' despite the above?

I moved the question and my comments on it into another thread in dev/tech section https://bitcointalk.org/index.php?topic=856069.msg9526439#msg9526439 as its not really to do with speculation nor gold, though an interesting question!

Adam


so you've been snooping on our sidechains debate all along heh  Cheesy

Adam already posted here on nov the 1st:

https://bitcointalk.org/index.php?topic=68655.msg9405925#msg9405925

he had tried to clarify some aspect of the sidechains concept (2wp, atomic swaps, etc. etc). But maybe you and cypher were to busy arguing about sc effect on bitcoin economy :-)

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November 13, 2014, 07:21:46 AM
 #16699

And again gold is going down suffering from the strong us dollar, while Bitcoin shows it doesn't care at all and just wants to go its way. The next year will be very interesting, and I'm confident I did a good thing by still not buying gold. Smiley

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November 13, 2014, 07:23:40 AM
 #16700



I don't get the 1:1 thing.  It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?

Yes.

Most people use 1:1 ratio whe explaining sc just for the simplicity of it.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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