Wall Observer - MtGoxUSD wall movement tracker

[01BTC10]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

Yes something like this but as you said the main problem is trust. Fiat transaction are reversible.

[1714204264]

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[1714204264]

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[adamstgBit]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

p2p exchange that requires no trust, might be possible for BTC/LTC or any other crypto currency

and their is SOME chance of making it work with fiat using the Mint Chip.

but please move this nonsense into another thread, some of us have some serious trolling to do if we are to bring down the price using only words  

[thoughtfan]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

Yes something like this but as you said the main problem is trust. Fiat transaction are reversible.

If it were from the bank's perspective just a personal payment and the bank had no idea what the transaction is about how would the scammer go about telling the bank it ought be reversed?  It's not like a credit card transaction with warranties etc. built in.

[01BTC10]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

p2p exchange that requires no trust, might be possible for BTC/LTC or any other crypto currency

and their is SOME chance of making it work with fiat using the Mint Chip.

but please move this nonsense into another thread, some of us have some serious trolling to do if we are to bring down the price using only words  

Okay

[01BTC10]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

Yes something like this but as you said the main problem is trust. Fiat transaction are reversible.

If it were from the bank's perspective just a personal payment and the bank had no idea what the transaction is about how would the scammer go about telling the bank it ought be reversed?  It's not like a credit card transaction with warranties etc. built in.

Have a look to this page: https://en.bitcoin.it/wiki/Payment_methods

[thoughtfan]

p2p exchange that requires no trust, might be possible for BTC/LTC or any other crypto currency

and their is SOME chance of making it work with fiat using the Mint Chip.

but please move this nonsense into another thread, some of us have some serious trolling to do if we are to bring down the price using only words  

Apologies for hijacking your thread Adam, yes with volume so low it shouldn't be that difficult to persuade some to buy/sell or whatever it is you're encouraging today

[Kupsi]

dump alert! 

huh?

I believe he ment Litecoin

[420]

I fully support Adam in his conquest to drop the price

I too would like to bu- er. see bitcoin at its 'real' value

[World]

why west coast US timezone? bitcoin trading is global and at that time, there are more regions who can trade bitcoins

Investors in Silicon Valley do not wish to increasingBTC rapidly up, 9-10 AM all banks is open ,only guessing

[adamstgBit]

17.20 is gone! not to worry 17.25 wall will hold  

[420]

17.20 is gone! not to worry 17.25 wall will hold  

17.25 gone

[der_meister]

17.20 is gone! not to worry 17.25 wall will hold  

17.25 gone

doesn't matter, it will hold xD

[adamstgBit]

time to panic buy?

[der_meister]

moody disconnected, mtgox refreshing more than 3 sec - bull run detected

[Kupsi]

time to panic buy?

Tomorrow.

[elux]

Wallpic:

[keewee]

Wallpic:

https://i.imgur.com/eB4N72v.png

Heyyy you trying to derail this thread? 

[Luno]

The 7K buy wall at 16.80 shows that someone don't want a crash today!

[World]

time to panic buy?

Tomorrow.

http://www.youtube.com/user/GummyBearIntl

[cypherdoc]

buying pressure!