Quote from: Cryddit on March 12, 2015, 07:12:53 PM

Quote from: ghdp on March 12, 2015, 06:55:35 PM

You send 750 BTC to MP now and someday later he will send you 1000 Gavincoin back.
Which means that you pay 750 MPcoin in exchange for 250 Gavincoin.
(Unless the 750 BTC is also "future payment", after the fork, but then he should say it more clearly)

Unless MP is firmly linked to a real-world identity that can be held legally responsible for non-performance, and I personally can prove in court that the counterparty on that IRC channel has the same legal identity, I will not be paying MP, over a fuckin' IRC channel no less, for any promises of any kind.

Come on, guys, we aren't supposed to be idiots. Why would we deal with anyone via an unauthenticated protocol for future performance or delivery of anything?

What are you even doing with bitcoin? Go play with dollars if that's what you've come to expect. Which protocol is "unauthenticated? IRC? You do realize we use GPG to authorize users right? You can't even speak in the channel unless you have decrypted a password with your key, or been granted voice by someone who already has. There isn't any community on the planet that is more focused on authentication and security than #bitcoin-assets. Why do you think I'm so crazy about promoting it.

That aside, regardless of where the deal is struck, be it on the forum or AOL instant messenger, GPG would still be used to sign the contract. Not that GPG alone is enough to be sure you'll be paid (not that you can ever be 100% sure, even when going through state-sanctioned channels), but we use a Web-of-Trust in order to help keep track of who trusts who. For example, MP has a score of 40 in my L2 (level 2) through 28 connections -- that is, 28 users whom I trust and who may assign a rating from -10 to 10 have rated MP, and those ratings all added up equals 40.

Code:

[fromnick] => danielpbarron
   [fromkey] => 155934BDD16E8EAF4493CB9CB36AE9849D961AC9
   [tonick] => mircea_popescu
   [tokey] => 6160E1CAC8A3C52966FD76998A736F0E2FB7B452
   [level1trust] => 8
   [level2trust] => 40
   [level2connections] => 28
   [ratedsince] => 22-Jul-2011

You just need to get in the WoT, rate the people you trust, and see if he shows up in your L2. Maybe you can talk him into using a 3rd party as escrow -- perhaps nanotube.

Quote from: RoadStress on March 12, 2015, 07:17:51 PM

Quote from: danielpbarron on March 12, 2015, 03:07:13 PM

You. Are. Wrong. How many times do I have to explain this you damned dirty government agent.

You are confusing the mechanism by which the fork is triggered, with the economic pressure put on miners afterwards. You are confusing the pre-fork with the post-fork. It costs miners nothing to brand their blocks "version 4," whether they are actually going to adopt the new rules or not. It is an entirely different story when they start minting blocks that other nodes cannot validate. In the post-fork scenario, there will be two different versions of bitcoin for sale at two different prices. Miners will choose the most profitable coin to mine, just like altcoin miners shift around to different pools depending on changing difficulties and prices.

I am sure that 21e6 that just announced a $116M investment round in order to bring mining to the masses will afford a couple of nodes that will support the large block size limit. If you think your boss MP can compete with them then you are simply lying to yourself.

That's not real money. That 116 million exists only for the purpose of pretending to invest in derpy startups. It can't be used to buy real things like massages and dinners.

Quote from: Pete Dushenski

This is assuming that were talking about like things here. Despite the superficial appearance that dollars are dollars, Im talking about TideUSD and youre talking about BezzleUSD. The former can be used to purchase goods and services, such as foot massages and brunch with friends, while the latter is only useful for buying Instagram, WhatsApp, etc. at prices so inflated that hot air balloons are jealous. Not only are Facebooks profits unusable in the real world and the ultimately product of so much Fed printing, but just as was the case with Bernie Madoff, every last penny Facebook earns is entirely fraudulent.