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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1650813 times)
01BTC10
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January 26, 2013, 08:05:07 PM
 #8641

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.
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January 26, 2013, 08:07:46 PM
 #8642

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  Grin

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January 26, 2013, 08:09:24 PM
 #8643

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.

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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January 26, 2013, 08:10:00 PM
 #8644

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  Grin
Okay

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January 26, 2013, 08:11:52 PM
 #8645

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
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January 26, 2013, 08:12:19 PM
 #8646



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  Grin
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 Wink

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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January 26, 2013, 08:21:00 PM
 #8647


I believe he ment Litecoin Smiley
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January 26, 2013, 08:27:15 PM
 #8648

I fully support Adam in his conquest to drop the price

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

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January 26, 2013, 08:28:35 PM
 #8649

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 Smiley

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January 26, 2013, 08:29:02 PM
 #8650

17.20 is gone! not to worry 17.25 wall will hold  Grin

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January 26, 2013, 08:37:18 PM
 #8651

17.20 is gone! not to worry 17.25 wall will hold  Grin

17.25 gone

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January 26, 2013, 08:38:12 PM
 #8652

17.20 is gone! not to worry 17.25 wall will hold  Grin

17.25 gone

doesn't matter, it will hold xD

Moving on is a simple thing,
what it leaves behind is hard...
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January 26, 2013, 08:40:14 PM
 #8653

time to panic buy?

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January 26, 2013, 08:42:14 PM
 #8654

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

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what it leaves behind is hard...
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January 26, 2013, 08:43:36 PM
 #8655

time to panic buy?

Tomorrow.
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January 26, 2013, 10:09:30 PM
 #8656


Wallpic:

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January 26, 2013, 10:13:59 PM
 #8657


Heyyy you trying to derail this thread?  Wink

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January 26, 2013, 10:17:44 PM
 #8658

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

Grin SLOT machine with generous payouts and affiliate program. BTC No registration needed BTC Start playing within seconds BTC Provably fair and transparent BTC Win up to 5000 times your bet BTC Or make 30% by referring friends. ->  BitBandit.eu
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January 26, 2013, 10:25:32 PM
 #8659

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

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January 26, 2013, 10:43:53 PM
 #8660

buying pressure!  Grin
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