Quote from: stopsigningbitch on March 02, 2015, 01:22:11 AM

OP's ideal reserve doesn't exist. He's been here trying to auction off coins for a "currency" that isn't even made yet. The guy's a scammer. You darkcoin fanboys should do well not to respond to this guy. You're arguing over an actual shitcoin with actual confirmation times vs a shitcoin that doesn't exist with made up "500 millisecond" confirmation times.

If you want proof, google "Ideal Reserve Bitcoin", and it only comes up with this, https://www.reddit.com/r/IdealReserveOTC/, which is coins the OP has been trying to auction off without even having a currency. He(ChicagoSchooler) is a scammer. Either that, or he's trolling everyone with a madeup coin, or just plain crazy.

OF course this is a scam, and ChicagoSchooler and kommoncents are the same person with 2 accounts. The purpose of my posts is to gather more evidence and document the scam for others to view and to hand over to investigators. This scammer isn't very well educated(he is completely ignorant to some very basic concepts within Bitcoin) and lazy but there still may be a few innocent newbies that fall for this and thus it is critical that take a few precautionary steps everytime one of these grifters come forward.

Quoting his post because it is comedy gold:

Quote from: ChicagoSchooler on March 02, 2015, 02:31:14 AM

Quote from: inBitweTrust on March 02, 2015, 01:37:05 AM

If you have no idea how secure 0 confirmations can be because you haven't done your research than how can you judge if the technology is obsolete? Wouldn't you need to understand Bitcoin before you suggest it is obsolete?

Certainty is impossible with BTC at the moment of transaction. Certainty increases over time. If the incentive and opportunity were high enough, attacks on confirmation would be more common, but adoption of BTC outside of the cryptocurrency has stalled and appears to be reversing.

Many are still free to ride a horse, but a car is available.

Quote from: inBitweTrust on March 02, 2015, 01:37:05 AM

Quote from: ChicagoSchooler on March 02, 2015, 01:11:18 AM

How are they instantaneous if they require 6 confirmations and 60 minutes for certainty?

Interpayment channels and micropayment channels are instant and don't require waiting for any confirmations. That is the whole purpose of them.

If the creditworthiness of the providers is trusted, yes. This creditworthiness may only need apply to varying rates of varying times, but it is still a cost due to the fact that BTC cannot fully confirm until at least 60 minutes have passed.