Re: decentralized Bitcoin are highly centralized to mtgox!11
bitcoinex - I'm not as pissed at you as most people in this thread are. There was a $4.15 trade on 'gox this morning, personally that seems pretty inflated to me.Exchanges are the obvious weak points in the bitcoin economy, a motivated entity could take down all the exchanges if they devoted enough effort.
Instead of squabbling let's integrate some of the cool stuff that the Cypherpunkd podcast talks about, and create a much less centralized exchange network.
Instead of squabbling let's integrate some of the cool stuff that the Cypherpunkd podcast talks about, and create a much less centralized exchange network.
Oh, yes, exactly, well, then I turn off my ddos and start writing p2p exchange!
This divestment debate aside, man.
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Is there open source exchange software, for users who want to create their own exchanges? Does it work well? Is there a way to sync it with the web of trust, so users can have some measure of confidence in new exchanges?
Users should have good ways to contribute to local exchange and trade if they're unwilling to meet face to face - e.g. they can mail or receive cashiers' checks or money orders.
We can extend the OTC web of trust (or rather, import it) into the physical realm for such transactions. The 'Black and Yellow pages' mentioned in one of those podcasts seemed to embody this idea (note that it's not fully implemented yet)
There was something else called Open Transactions that seemed to be a standard for online transactions, including but not limited to Bitcoins - I haven't looked into that yet.
I don't know if bitcoinex is being a dick or if he is trying to help Bitcoin or both, but this at least should drive some great discussion!
Thanks for a sane post - 200% profit per 15 minutes for most people here are veiled eyes because we are all already members of the pyramid!
I think going construction of the financial pyramid or something like it. Mtgox condone this now because it is while beneficial to all except for people who enjoy bitcoin for its intended purpose.
Bitcoin oligarchs will not help us to regulate prices - now they were not advantageous to intervene but will collapse when they first try to exchange bitcoins for money. Price collapses and you're staying out of money. So will this really the law of the markets in which there are only speculators and no regulation.
Tomorrow they will draw (allegory) you to a higher rates and so on to infinity. And they will tell that once published an article in the Times and have very good expectations. While FBI don't knocking into door
(One guy in the Russian section, said he would ask the FBI (according to you) because of what we do. I laughed at him but I think it's actually right - without regulation it is now a pyramid scheme. I would not be surprised if the authorities ignore the essence of bitkoinov and just see the kind of strange firm in which people put money and ... get a little money sometimes.
)Therefore, the erosion of the exchange by the ddoses etc is the only one humane method. (oh, maybe there are still methods but I only know this and it is readed from article and not invented by me)