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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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June 17, 2012, 02:31:10 AM |
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It was good at the beginning, but then you started pushing an altcoin or set of altcoins or something.  Near the end, the memes become less and less relevant. |
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OgNasty
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Activity: 4732
Merit: 4239
Leading Crypto Sports Betting & Casino Platform
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June 17, 2012, 02:38:27 AM |
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It was good until you started talking about coins with chargebacks.
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| ..Stake.com.. | | | ▄████████████████████████████████████▄
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dacoinminster (OP)
Legendary
Offline
Activity: 1260
Merit: 1031
Rational Exuberance
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June 17, 2012, 02:41:06 AM |
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Just to be clear, I don't want to replace bitcoin, but to build on top of it.
Also, I'm not talking about chargebacks, but protecting long-term savings. No merchant would accept coins sent directly from a savings account. You would have to transfer them to a checking wallet and wait until the waiting period was over before attempting to spend them.
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REF
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June 17, 2012, 03:14:13 AM |
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decent paper. I dont agree with problems 2 and 3.
2 - If that is your argument the average person is just as likely to have money stolen from there PP account as there bitcoin wallet.
3 - it is "hard" to get bitcoins but there are legitimate sites to go through which you dont need to worry about scamming.
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dacoinminster (OP)
Legendary
Offline
Activity: 1260
Merit: 1031
Rational Exuberance
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June 17, 2012, 03:19:32 AM |
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decent paper. I dont agree with problems 2 and 3.
2 - If that is your argument the average person is just as likely to have money stolen from there PP account as there bitcoin wallet.
3 - it is "hard" to get bitcoins but there are legitimate sites to go through which you dont need to worry about scamming.
Agreed that some exchange websites are probably trustworthy, but I haven't decided which ones yet. Also, Paypal can undo fraudulent transactions . . . |
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MaxSan
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June 17, 2012, 11:43:23 AM |
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Good idea. Gay font.
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mufa23
Legendary
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Activity: 1022
Merit: 1001
I'd fight Gandhi.
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June 17, 2012, 06:18:13 PM |
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>le
Stopped reading right there.
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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Tittiez
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June 17, 2012, 06:22:40 PM |
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>le
Stopped reading right there.
le le le le le le le le le le >4chan >reddit |
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casascius
Mike Caldwell
VIP
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Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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June 17, 2012, 06:25:32 PM |
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Is this that "The Second Bitcoin Whitepaper" vomit again?
Change the name if you want any respect from me.
This paper's ideas are nowhere near as novel as Satoshi's. Using a title like that is about as ludicrous as me calling myself Shakespeare. This paper belongs in the format of a BIP, and nothing more.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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June 17, 2012, 06:32:30 PM |
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>le
Stopped reading right there.
le le le le le le le le le le >4chan >reddit Christopher, you probably want to hide your email in your profile. |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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rjk
Sr. Member
Offline
Activity: 448
Merit: 250
1ngldh
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June 17, 2012, 07:44:36 PM |
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>le
Stopped reading right there.
le le le le le le le le le le >4chan >reddit Christopher, you probably want ....... And you should have said that in a PM. It's disabled by default, so it would have required a specific action to enable it. |
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kangasbros
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June 17, 2012, 07:58:05 PM |
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Just to be clear, I don't want to replace bitcoin, but to build on top of it.
Also, I'm not talking about chargebacks, but protecting long-term savings. No merchant would accept coins sent directly from a savings account. You would have to transfer them to a checking wallet and wait until the waiting period was over before attempting to spend them.
Well, you should then write your proposal (alternative currencies which could be backed to anything) a little better. It is actually very difficult problem, and because you tried to propose it in this format, it just seems like it is not serious. I would link this to this article, if you just dropped the other half away. It ruined it. |
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swissmate
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June 17, 2012, 07:59:02 PM |
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ISHYGDDT
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LightRider
Legendary
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Activity: 1500
Merit: 1021
I advocate the Zeitgeist Movement & Venus Project.
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June 18, 2012, 12:09:49 AM |
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Boussac
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Activity: 1220
Merit: 1015
e-ducat.fr
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June 18, 2012, 07:50:19 AM |
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decent paper. I dont agree with problems 2 and 3.
2 - If that is your argument the average person is just as likely to have money stolen from there PP account as there bitcoin wallet.
3 - it is "hard" to get bitcoins but there are legitimate sites to go through which you dont need to worry about scamming.
Agreed that some exchange websites are probably trustworthy, but I haven't decided which ones yet. Also, Paypal can undo fraudulent transactions . . . Have you tried to get paypal to reverse a person to person payment ? |
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dacoinminster (OP)
Legendary
Offline
Activity: 1260
Merit: 1031
Rational Exuberance
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June 18, 2012, 03:31:30 PM |
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Have you tried to get paypal to reverse a person to person payment ?
If your account gets hacked, they absolutely will. Thanks for the feedback guys. It seems I should have used a different font! This saga has taken an amusing twist. The internet and bitcoin community, whom I designed this presentation for, doesn't seem very interested in these ideas. On the other hand, the big companies in the mobile phone space, whom I was afraid would think the presentation silly and unprofessional, are taking it very seriously. Go figure! |
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kangasbros
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June 18, 2012, 03:37:00 PM |
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This saga has taken an amusing twist. The internet and bitcoin community, whom I designed this presentation for, doesn't seem very interested in these ideas. On the other hand, the big companies in the mobile phone space, whom I was afraid would think the presentation silly and unprofessional, are taking it very seriously. Go figure!
The problem with bitcoin "community" is that there is lots of talk, and a little execution. I eyed a little your whitepaper, but it was too long, and it wasn't very clear if you really have the skills to tackle this kind of problem you are arguing you could handle with your idea. I would almost bet my left testicle that you don't actually have the competence. Edit: usually good ideas (with an actually workable solution) can be expressed within 1-5 sentences. Call it an elevator pitch. |
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Portnoy
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Activity: 2030
Merit: 1000
My money; Our Bitcoin.
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June 18, 2012, 03:59:09 PM |
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One does not use memes. They use us. meme: /meem/ [By analogy with "gene"] Richard Dawkins's term for an idea considered as a replicator, especially with the connotation that memes parasitise people into propagating them much as viruses do... ----- I find it a rather lame materialistic theory myself along with most of the genetic determinism stuff [ selfish gene etc. ] Dawkins writes about. But most people misuse the term and this is off topic so nm...  |
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julz
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Activity: 1092
Merit: 1001
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June 19, 2012, 05:13:06 AM
Last edit: June 19, 2012, 05:30:01 AM by julz |
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I hereby create a user currency 'MonaCoins' with the following properties ...
- Target value - The assessed value of the Mona Lisa, adjusted for inflation (currently about $750 Million USD)
- 'Only' 1000 of these coins will ever exist... I already own a few hundred.. so get in fast!
Of course, this *fabulous* offer is not without risk, because if the Mona Lisa is ever destroyed - MonaCoins will be worthless.
Don't worry though.. as the holder of several hundred billion dollars worth of monacoins, you can rest assured that I will be spending a small fortune on a private army to guard the real thing.
Coming soon.. my next coin: 'BattlestarGalacticaCoin' - tied to the theoretical cost of constructing a fully functional Battlestar Class Military spaceship (yes - with FTL drive!) - as assessed by a team of the best scientists,futurists and sci-fi geeks!
If you see no problem with driving the price of a few thousand competing mysterious internet entity's "OilCoin" or "GoldCoin" offerings to their target price despite them not even being in the oil or gold industry - you should have no qualms at all with my innovative Art-Backed and Future-Technology-Backed coins.
What could possibly go wrong!? These are sure to hit face-value faster than the 2011 bitcoin took to hit $100! Up Up Up baby!
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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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