Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

WARNING: This "IdeaMan" is either:

1) Scammer

or

2) Completely Unqualified Person

On a nice day, I might accept your second option, but since you have only your accusation, I'm not going to today. By no means am I a financial expert - just another guy on the forum with some ideas to share.

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

If you know anything about AI programming and/or how electronic markets in other currencies, stocks, bonds, commodities, ebay, etc. work, then you already know more than this guy than he does in his proposed field.

If my theory is incorrect, don't just state it, prove it. If you know more about AI programming in electronic markets than the average reader of this thread, why not share that information with the BitCoin community? Right here is a prime place to start. I'm more than happy to address any concerns you may have.

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

There are already plenty of people with bots.

Yup.

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

And plenty of people working on new bots.

Yup.

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

And no electronic market for a valuable good is "stable".

Citation needed. A good counterargument for me here would be if I could somehow prove that most accepted currencies maintain a relatively stable value in comparison to each other over time.

Counterpoint:
http://www.fxstreet.com/rates-charts/currency-charts/

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

And you probably stopped reading this thread long before you got to this post.

I almost stopped reading halfway through this post, but I'm committed to actually understanding any potential pitfalls this idea may have, so I took the time to read your opinion, even though you haven't backed it up in any way.

Quote from: Big Time Coin on August 31, 2011, 07:29:24 PM

Btw I only read a little bit of what IdeaMan posted and I still want my 10 minutes back for taking the time to warn people to stay away! Embarrassed

Well, at least you have a well-formed opinion justified by your understanding of the concept as you leapt to it fully formed in your mind, regardless of what I may have had to say about it. And at least you care enough about the community to warn them about a dangerous plot to steal a few cents from them by a nefarious mastermind huddled in the darkest corners of the web. And wish you could have saved yourself the 10 minutes by not doing it. Way to be a team player.