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Does anyone else get the impression that the OP is a narcissistic teenager?
Honestly, pics or it didn't happen. Post the intro, TOC and a sample chapter of your book if you want to be taken seriously.
Honestly, pics or it didn't happen. Post the intro, TOC and a sample chapter of your book if you want to be taken seriously.
I'd say there is a reasonable chance he is stitching pieces of other peoples work together, and that is why he is resisting posting a sample.
Agreed. It smells like a scam of some sort. It's standard practice to make a chapter or two available for free as well as the TOC/Intro, he's trying to hide something.
I purchased the ebook!
To all those who are aware of what is coming and have a serious interest in maintaining their personal privacy and individual freedom, I recommend reading this book. The author presents a genuine and legit product. The ebook will be a valuable edition to your personal collection. I believe in the architecture of Bitcoin and look forward to the future of this crypto-currency in this new emergence of global tyrany. However, I cannot say the same for this forum! I used to visit this forum until it was overrun by all the juveniles. These days I don't waste my time here. I have serious pursuits and this forum doesn't stand up. I'm only taking the time to write this because I heard about the abuse and I don't like to see individuals with integrity and legitimacy bullied!
You individuals should be ashamed of yourselves!
Sovereign Investor - I tip my hat to you and your work! Keep it up and continue your efforts to communicate and educate - we need people like you. Take my advice, and don't waste your time here!
This is a den of miscreants! You don't belong here!
To all you little angry ones: Don't lash back regarding this post. I won't be back to read your rants!
Farewell,
maxkoda
I see that many have considered the Bitcoin Days Destroyed ( https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed) as a measure of the transaction volume of Bitcoin.
From the wiki:
Example
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
My question is how do we define "spend"? When bitcoins are sent from one address to another aren't those bitcoins spent? If not, then what differentiates a spent bitcoin from one that is sent from one address to another?
Scenario #1:
If I have two wallets and send 10 bitcoins from one wallet to another. I have transferred the bitcoins, I have not really spent them.
Scenario #2:
If the 10 bitcoins are sent from my wallet to another individuals wallet in exchange for goods or services, then I think we can consider them spent.
How can the two scenarios be differentiated from a "spent" perspective? How can the Bitcoin Days Destroyed metric differentiate scenario #2 from scenario #1 and provide a meaningful metric?
What am I missing?
maxkoda
From the wiki:
Example
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
My question is how do we define "spend"? When bitcoins are sent from one address to another aren't those bitcoins spent? If not, then what differentiates a spent bitcoin from one that is sent from one address to another?
Scenario #1:
If I have two wallets and send 10 bitcoins from one wallet to another. I have transferred the bitcoins, I have not really spent them.
Scenario #2:
If the 10 bitcoins are sent from my wallet to another individuals wallet in exchange for goods or services, then I think we can consider them spent.
How can the two scenarios be differentiated from a "spent" perspective? How can the Bitcoin Days Destroyed metric differentiate scenario #2 from scenario #1 and provide a meaningful metric?
What am I missing?
maxkoda
A better global metric of transaction volume would be the number of bitcoindays destroyed.
I believe that transactions are prioritized according to the value of the transaction multiplied by the amount of time since the coins were spent. A similar concept is useful in measuring the transaction volume.
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
Currently, bitcoindays are replenished at around six million bitcoindays per day which reflects that there are about six million bitcoins in existence.
If there are days when there are few transactions then the total number of bitcoindays increases dramatically. If everyone exchanged all their bitcoins at once then the total number of bitcoindays would be reduced to zero. Some bitcoins will never be spent because the private keys have been lost (or never existed) so the number of bitcoindays will never actually fall to zero.
Note how transaction flooding and mix-network activity do not significantly influence the number of bitcoindays destroyed. I believe that the bitcoindays measure is a good indicator of market health and participation.
ByteCoin
I believe that transactions are prioritized according to the value of the transaction multiplied by the amount of time since the coins were spent. A similar concept is useful in measuring the transaction volume.
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
Currently, bitcoindays are replenished at around six million bitcoindays per day which reflects that there are about six million bitcoins in existence.
If there are days when there are few transactions then the total number of bitcoindays increases dramatically. If everyone exchanged all their bitcoins at once then the total number of bitcoindays would be reduced to zero. Some bitcoins will never be spent because the private keys have been lost (or never existed) so the number of bitcoindays will never actually fall to zero.
Note how transaction flooding and mix-network activity do not significantly influence the number of bitcoindays destroyed. I believe that the bitcoindays measure is a good indicator of market health and participation.
ByteCoin
What differentiates bitcoins sent from one address to another vs. bitcoins "spent"? Isn't transfering coins from one address to another considered "spent"? If not how do you make a determination of the difference? Can you define what you consider "spent"?
The individuals involved in this movement should contemplate the following:
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."
-R. Buckminster Fuller
My take on this protest is that the general public is now starting to feel the effects of our corrupt monetary system and fractional reserve banking. I think this crises provides us (the bitcoin community) with a unique opportunity to educate the public and encourage them to use the new Bitcoin model to render the existing (corrupt) model obsolete.
If they can be educated to take action i.e., dump the U.S. Dollar and start using bitcoin. That would be a far more efficient and effective approach over this call to civil disobedience.
Are you in agreement? Any ideas on how we can get Bitcoin to go viral with this group?
Let me know your thoughts.
Cheers!
maxkoda
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."
-R. Buckminster Fuller
My take on this protest is that the general public is now starting to feel the effects of our corrupt monetary system and fractional reserve banking. I think this crises provides us (the bitcoin community) with a unique opportunity to educate the public and encourage them to use the new Bitcoin model to render the existing (corrupt) model obsolete.
If they can be educated to take action i.e., dump the U.S. Dollar and start using bitcoin. That would be a far more efficient and effective approach over this call to civil disobedience.
Are you in agreement? Any ideas on how we can get Bitcoin to go viral with this group?
Let me know your thoughts.
Cheers!
maxkoda
So I finally got around to combining the order book and time & sales services into one page.
It's located on bitcoin.clarkmoody.com.
The trade series functionality is enabled in the console. This allows you to see the actual size of large orders that are split up into lots of trades. A 'trend' is defined as trades in the same direction.
Hopefully this will provide an improved experience along with more visibility of the Bitcoin market.
As a heads up, here are some things I'm working on in the near term:
Please stay tuned, and keep those donations coming. Thank you to all who have donated thus far!
Clark,It's located on bitcoin.clarkmoody.com.
The trade series functionality is enabled in the console. This allows you to see the actual size of large orders that are split up into lots of trades. A 'trend' is defined as trades in the same direction.
Hopefully this will provide an improved experience along with more visibility of the Bitcoin market.
As a heads up, here are some things I'm working on in the near term:
- Realtime charts!
- Web-based order entry
Please stay tuned, and keep those donations coming. Thank you to all who have donated thus far!
I would really like to see your work leveraged to provide real-time data to a charting package similar to http://www.anychart.com/products/stock/overview/
The chart package provides a lot of rich technical indicators and supports real-time data feeds. If you were to connect up your real-time tick data feed to a package like AnyChart Stock, that would be fabulous! I would be willing to fund such an effort. Or if you don't have the time or resources, I'd be willing to start a bounty effort. I would like to see such a package as free and open source.
Let me know what you think.
(by the way - great work your doing! I just sent you a donation!)
Cheers!
maxkoda
How do I make an escrow donation?
Just say that you are the owner of those coins against your reputation...
Ok:
maxkoda 10 BTC (in escrow)
Cheers!
maxkoda
Good video - On the Edge with Max Keiser.
Max and Rick discuss Bitcoin
http://www.youtube.com/watch?v=oBN9p1qemMA&feature=player_embedded
Max and Rick discuss Bitcoin
http://www.youtube.com/watch?v=oBN9p1qemMA&feature=player_embedded
The BtcFn (Bitcoin Freenet) project is to transport BitCoin (blockchain, TXes and seeds) over Freenet, (and other like services).
In our previous thread: http://bitcointalk.org/index.php?topic=2312.0 we have started the specification defining the implementation of BtcFn.
For the latest version of the specification please view out freesite: USK@oG7cGoUEBuHyulWpcmqV0yc-I569Re2A7RRs8zRljEs,IWIcXczmLdP9FEjTvoxJgGnXnK5~PxOppN-wYSADPWQ,AQACAAE/bitcoin-over-freenet/1/
For more information please visit: #btcfn on freenode irc
If you wish to donate to this project please send funds to: 1Ar74jTvxkxdVDe7A5ZUdNB62hWmfwdCnM (managed by da2ce7)
View on Block Explorer: http://blockexplorer.com/address/1Ar74jTvxkxdVDe7A5ZUdNB62hWmfwdCnM
Managed by da2ce7:
Freetalk: da2ce7@UJoP1siqiloX5eGwGm8RWmBhUzNatLwTiIpKWm3SZtA.freetalk
PGP: 0xD1BE9764E767FC8FF0DD8FE3049F1C3033B5E7D6
We have the following pledges:
da2ce7: 200 BTC (in escrow)
noagendamarket: 50 BTC
Gokhan: 50 BTC
broker (freetalk): 100 BTC
Tril (freetalk): 2 BTC (in escrow)
lyspooner: 200
anon: 202BTC (in escrow)
Total: 402 (escrow) + 400 (pledged) = 804 BTC
We have started development. (Any more donations are most welcome, it enables us to do a more comprehensive job)
In our previous thread: http://bitcointalk.org/index.php?topic=2312.0 we have started the specification defining the implementation of BtcFn.
For the latest version of the specification please view out freesite: USK@oG7cGoUEBuHyulWpcmqV0yc-I569Re2A7RRs8zRljEs,IWIcXczmLdP9FEjTvoxJgGnXnK5~PxOppN-wYSADPWQ,AQACAAE/bitcoin-over-freenet/1/
For more information please visit: #btcfn on freenode irc
If you wish to donate to this project please send funds to: 1Ar74jTvxkxdVDe7A5ZUdNB62hWmfwdCnM (managed by da2ce7)
View on Block Explorer: http://blockexplorer.com/address/1Ar74jTvxkxdVDe7A5ZUdNB62hWmfwdCnM
Managed by da2ce7:
Freetalk: da2ce7@UJoP1siqiloX5eGwGm8RWmBhUzNatLwTiIpKWm3SZtA.freetalk
PGP: 0xD1BE9764E767FC8FF0DD8FE3049F1C3033B5E7D6
We have the following pledges:
da2ce7: 200 BTC (in escrow)
noagendamarket: 50 BTC
Gokhan: 50 BTC
broker (freetalk): 100 BTC
Tril (freetalk): 2 BTC (in escrow)
lyspooner: 200
anon: 202BTC (in escrow)
Total: 402 (escrow) + 400 (pledged) = 804 BTC
We have started development. (Any more donations are most welcome, it enables us to do a more comprehensive job)
How do I make an escrow donation?
Cheers!
maxkoda
this has nothing to do with mining at all
once we have enough people accepting bitcoins, we have complete economic cycles in btc, wherein merchant accepts btc, then pays his supplier in btc, the supplier pays his supplier in btc, they pay their employees in btc, the employees use btc to buy stuff they need, etc.
there will still have to be some exchange into fiat for the purposes of tax payments - but that's a separate issue.
once we have enough people accepting bitcoins, we have complete economic cycles in btc, wherein merchant accepts btc, then pays his supplier in btc, the supplier pays his supplier in btc, they pay their employees in btc, the employees use btc to buy stuff they need, etc.
there will still have to be some exchange into fiat for the purposes of tax payments - but that's a separate issue.
Provocation again, just for discussion :
Even if a large number of merchants would adopt btc as a form of payment ( finding it convenient according to your article ), they still will need a way to change btc into real cash. Unless, of course, the chain does not stop here and they would be able to buy from their suppliers paying with btc, go shopping for their personal needs and pay with btc and so on .
At present, btc move from the exchange market to people who buys them. From these people could move to merchants , providing there would be enough to notice this movement which, at present , is not the case, Than from merchants btc can only move back to the exchange market.
Thus for merchants adopting btc as a form of payment , ( aside from the advantages you have illustrated in this article ) could be considered as a form of investment, a speculation if you like.
This tends to limit the number of merchants interested in btc for obvious reason.
It is my opinion that , in order to boost btc economy, the final place where btc have a real tangible value, cannot be the exchange market alone.
There is nothing wrong in trying to make some extra money in speculation, but this bounds btc potential.
For example e-commerce, would be advantaged from adopting btc as a form of payment. Once the transactions are made, we will have these e-merchants loading up with btc and while they will unload their available stock of goods. Than, what ? They have to go to the exchange market and buy back fiat money in order to fill up theirs werehosues.
If btc economy is confined into this boundaries, it is very unlikely that we would see it booming up like many are expecting.
The underling concept of btc ( being a currency that allows to avoid double spending on transactions cutting of all the middle man ) remains intact even inside the boundaries I have outlined above. Merchants would have benefit from a cost free transaction on theirs sales even if they would have to buy back real cash at the end of the game.
What do you consider to be real cash? Fiat?
In my opinion there is no such thing as "real cash". The only value cash has is as a medium of exchange. The things that are real are typically on the other side of the transaction. Cash is an attribute of the transaction itself and has no "real" intrinsic value. It's only value is as a medium of exchange. For that reason, the USD is no more real than Bitcoin. The primary difference is that people are familiar with the fiat currencies and Bitcoin is new.
Your not considering the fact Bitcoin goes to 8 decimal places. When all Bitcoins are finally issued , there will be 2,100,000,000,000,000 units. That's more than enough.
I'm not saying that Bitcoin is not divisible and therefore there will not be enough to go around. I'm thinking about the potential value of 1.00 Bitcoin as we move forward. My expectation is that the value of a single Bitcoin must go significantly higher than the current exchange rate values. What I was hoping to get out of this post was opinions from others as to their expectations for the value of a single Bitcoin as we move forward with this experiment.
Initial discussions had it at 10x, 100x its current value. The $10 million number from the first post could suggest a much higher valuation.
Cheers!
maxkoda
As a counter argument to this.. what would happen if it was *really* easy to convert to and from all existing fiat currencies?
If at a touch of a button on your smartphone you could cheaply convert a portion of your fiat paypacket into BTC for an online purchase, and if merchants could similarly convert out of BTC to their own currency cheaply and quickly .. then the price of a bitcoin becomes irrelevant.
People wouldn't care if one day 1 BTC = $100 and the next it's $10 if they're only obtaining them to perform a purchase.
Even if lots of people are using them this way - what pressure is there for a high price?
Ironically - the more governments try to clamp down on exchanges and make conversion harder.. the higher the price, because everyone then needs to hold some BTC and drive up scarcity.
If conversion is cheap and instantaneous - nobody needs to hold BTC and they'll still work for facilitating trade even if worth relatively little each.
If at a touch of a button on your smartphone you could cheaply convert a portion of your fiat paypacket into BTC for an online purchase, and if merchants could similarly convert out of BTC to their own currency cheaply and quickly .. then the price of a bitcoin becomes irrelevant.
People wouldn't care if one day 1 BTC = $100 and the next it's $10 if they're only obtaining them to perform a purchase.
Even if lots of people are using them this way - what pressure is there for a high price?
Ironically - the more governments try to clamp down on exchanges and make conversion harder.. the higher the price, because everyone then needs to hold some BTC and drive up scarcity.
If conversion is cheap and instantaneous - nobody needs to hold BTC and they'll still work for facilitating trade even if worth relatively little each.
I'd have a tendency to reflect on Gresham's Law:
"Bad money drives out good if their exchange rate is set by law."
All fiat currencies are ultimately made worthless as a result of human nature. Bitcoin by design, avoids such manipulation. Therefore, I believe Bitcoin fits the category of "good money" in Gresham's Law and as a result will always have a much higher value than any central bank issued fiat.
Cheers!
maxkoda
Here are some numbers that provide for some interesting thought experiments regarding the future Bitcoin economy.
I wanted to get an idea of how Bitcoin would scale as a global reserve currency.
I went to the CIA World Fact Book at: https://www.cia.gov/library/publications/the-world-factbook/ to find the number of people on planet Earth. I found:
World population = 6,928,198,253 (July 2011).
At the time of this writing there are an estimated 6,884,000 Bitcoins in existence. This means that if we were to evenly distribute Bitcoins throughout the world each person on Earth would get (6,884,000 / 6,928,198,253) = 0.0009936205271 Bitcoins/person.
Even if all the Bitcoins that could ever be created (21 million) were distributed over the current world population this would represent (21,000,000 / 6,928,198,253) = 0.00303109109081 Bitcoins/person.
I wanted to find a number that represented the world monetary value. In the CIA World Fact Book I found a (year 2010) value for World GDP (purchasing power parity) of 74.5 trillion U.S. Dollars.
If we were to distribute that value over the number of Bitcoins that currently exist that would be ($74,500,000,000,000 / 6,884,000) = $10,822,196.40/Bitcoin.
If we calculate that over the total number of Bitcoins that will ever exist: ($74,500,000,000,000 / 21,000,000) =$3,547,619.05/Bitcoin
I think the current exchange value of USD/Bitcoin on Mt. Gox has a lot of room to grow!
Cheers!
maxkoda
I wanted to get an idea of how Bitcoin would scale as a global reserve currency.
I went to the CIA World Fact Book at: https://www.cia.gov/library/publications/the-world-factbook/ to find the number of people on planet Earth. I found:
World population = 6,928,198,253 (July 2011).
At the time of this writing there are an estimated 6,884,000 Bitcoins in existence. This means that if we were to evenly distribute Bitcoins throughout the world each person on Earth would get (6,884,000 / 6,928,198,253) = 0.0009936205271 Bitcoins/person.
Even if all the Bitcoins that could ever be created (21 million) were distributed over the current world population this would represent (21,000,000 / 6,928,198,253) = 0.00303109109081 Bitcoins/person.
I wanted to find a number that represented the world monetary value. In the CIA World Fact Book I found a (year 2010) value for World GDP (purchasing power parity) of 74.5 trillion U.S. Dollars.
If we were to distribute that value over the number of Bitcoins that currently exist that would be ($74,500,000,000,000 / 6,884,000) = $10,822,196.40/Bitcoin.
If we calculate that over the total number of Bitcoins that will ever exist: ($74,500,000,000,000 / 21,000,000) =$3,547,619.05/Bitcoin
I think the current exchange value of USD/Bitcoin on Mt. Gox has a lot of room to grow!
Cheers!
maxkoda
The PrivateTrader eepsite on i2p has extended its product line from gold, silver, copper, and rare coins to include organic gardening seeds (carrots, beans, and corn). They even sell organic gnat (bug repellant). All can be purchased with Bitcoin!
Now you can add organic gardening supplies to the alpaca socks! Who says the products you can purchase with Bitcoin is next to nothing! It grows each and every day!
PrivateTrader: http://privatetrader.i2p
If your not running i2p on your computer, use the proxy at: https://www.awxcnx.de/tor-i2p-proxy2-en.htm
Cheers!
maxkoda
Now you can add organic gardening supplies to the alpaca socks! Who says the products you can purchase with Bitcoin is next to nothing! It grows each and every day!
PrivateTrader: http://privatetrader.i2p
If your not running i2p on your computer, use the proxy at: https://www.awxcnx.de/tor-i2p-proxy2-en.htm
Cheers!
maxkoda
Quote
The bitcoin has just become gold backed.
Welcome to the the community helping to support bitcoin as a superior currency!
The PrivateTrader site http://privatetrader.i2p sells precious metals, base metals, and rare coins for Bitcoins!
(The PrivateTrader site started selling gold and silver back in 2010 but is not easy to find because they sell anonymously on the i2p network.)
Cheers!
maxkoda
I just added a new merchant tool for merchants who wish to transact e-commerce anonymously with Bitcoin on the i2p network.
The new tool provides the well know "buy now" buttons for product purchases. The buttons (that merchants can place on their own web pages) provides a level of automation for the buyer to create an escrow transaction in the Bitcoin Escrow service.
This new tool makes it easier for buyers and sellers to transact using the Bitcoin Escrow Service.
The new tool as well as the Bitcoin Escrow service is free to both buyers and sellers. (I ask that if individuals find the service useful, that they consider donating Bitcoins to help maintain the service.)
My goal is to make it easier for Bitcoin to be adopted and used in anonymous e-commerce on the i2p network.
Any suggestions for improvement should be sent to: escrow@mail.i2p
Live working examples of the "Purchase with Bitcoin Escrow" buttons can be found on the PrivateTrader web site ( http://privatetrader.i2p/products.html ).
For those not currently running i2p, access can be had using the i2p web proxy located at: https://www.awxcnx.de/tor-i2p-proxy2-en.htm
Cheers!
maxkoda
The new tool provides the well know "buy now" buttons for product purchases. The buttons (that merchants can place on their own web pages) provides a level of automation for the buyer to create an escrow transaction in the Bitcoin Escrow service.
This new tool makes it easier for buyers and sellers to transact using the Bitcoin Escrow Service.
The new tool as well as the Bitcoin Escrow service is free to both buyers and sellers. (I ask that if individuals find the service useful, that they consider donating Bitcoins to help maintain the service.)
My goal is to make it easier for Bitcoin to be adopted and used in anonymous e-commerce on the i2p network.
Any suggestions for improvement should be sent to: escrow@mail.i2p
Live working examples of the "Purchase with Bitcoin Escrow" buttons can be found on the PrivateTrader web site ( http://privatetrader.i2p/products.html ).
For those not currently running i2p, access can be had using the i2p web proxy located at: https://www.awxcnx.de/tor-i2p-proxy2-en.htm
Cheers!
maxkoda
The service is free to all. You would need to get Mt. Gox to use the service. The service is designed to provide an escrow directly between two entities (the buyer and seller - you and Mt. Gox).
maxkoda
maxkoda
I have launched a new Bitcoin Escrow Service eepsite. This is a free service for buyers and sellers to facilitate reliable, anonymous Bitcoin transactions.
http://bitcoin-escrow.i2p
For a buyer, sending money to a seller via an anonymous Bitcoin address and hoping to get what was paid for really ends up being an act of faith. If the seller does not ship the product, the buyer doesn't necessarily know who to communicate with, there is no third party payment processor able to provide refunds, and there really is no recourse for the buyer to be made whole again. That's why we have created the Bitcoin Escrow Service. This service provides a neutral third party that provides an escrow service for online transactions, and does so allowing both buyers and sellers to remain anonymous.
The first release of the service was launched on 04 June 2011. Documentation is currently being published and will be incrementally made available on the site.
The primary goal of this service is to facilitate reliable, anonymous Bitcoin transactions between buyers and sellers and to promote secure and anonymous eCommerce within the I2P network. To that aim, my focus has been primarily focused on functionality. I purposely avoided using client-side code (such as javascript) and the user interface is pretty bland. I'm all for improving the user interface aesthetics as long as it does not deter from reliable anonymity. If you have suggestions for improving useability that does not sacrifice privacy and anonymity, please feel free to provide me your feedback (maxkoda@mail.i2p).
This is just the beginning and I look forward to improving the service moving forward.
If you are not running I2P you can get to the Bitcoin Escrow Service through the following proxy site:
https://www.awxcnx.de/tor-i2p-proxy2-en.htm
(You will need to uncheck the -> Remove all cookies (except certain proxy cookies)
If you intend to login to the escrow service and maintain a user session.
Cheers!
Max Koda
http://bitcoin-escrow.i2p
For a buyer, sending money to a seller via an anonymous Bitcoin address and hoping to get what was paid for really ends up being an act of faith. If the seller does not ship the product, the buyer doesn't necessarily know who to communicate with, there is no third party payment processor able to provide refunds, and there really is no recourse for the buyer to be made whole again. That's why we have created the Bitcoin Escrow Service. This service provides a neutral third party that provides an escrow service for online transactions, and does so allowing both buyers and sellers to remain anonymous.
The first release of the service was launched on 04 June 2011. Documentation is currently being published and will be incrementally made available on the site.
The primary goal of this service is to facilitate reliable, anonymous Bitcoin transactions between buyers and sellers and to promote secure and anonymous eCommerce within the I2P network. To that aim, my focus has been primarily focused on functionality. I purposely avoided using client-side code (such as javascript) and the user interface is pretty bland. I'm all for improving the user interface aesthetics as long as it does not deter from reliable anonymity. If you have suggestions for improving useability that does not sacrifice privacy and anonymity, please feel free to provide me your feedback (maxkoda@mail.i2p).
This is just the beginning and I look forward to improving the service moving forward.
If you are not running I2P you can get to the Bitcoin Escrow Service through the following proxy site:
https://www.awxcnx.de/tor-i2p-proxy2-en.htm
(You will need to uncheck the -> Remove all cookies (except certain proxy cookies)
If you intend to login to the escrow service and maintain a user session.
Cheers!
Max Koda
These are a couple of good articles that I thought I'd pass along:
http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/
http://falkvinge.net/2011/05/19/the-information-policy-case-for-flat-tax-and-basic-income/
http://falkvinge.net/2011/05/11/with-the-napster-of-banking-round-the-corner-bring-out-your-popcorn/
Cheers!
Max Koda
http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/
http://falkvinge.net/2011/05/19/the-information-policy-case-for-flat-tax-and-basic-income/
http://falkvinge.net/2011/05/11/with-the-napster-of-banking-round-the-corner-bring-out-your-popcorn/
Cheers!
Max Koda
The PrivateTrader site sells products for bitcoins. The PrivateTrader site is located on the I2P network and can be reached at:
http://privatetrader.i2p
If you don't run your own i2prouter you can reach the site (over the Internet) using an i2p proxy service such as:
https://www.awxcnx.de/cgi-bin/proxy2/nph-proxy.cgi/010000A/http/privatetrader.i2p/
Currently the site sells precious metals (gold and silver), base metals (copper), rare coins, and natural insect repellant. All sales are anonymous!
Cheers!
Max Koda
maxkoda@mail.i2p
http://privatetrader.i2p
If you don't run your own i2prouter you can reach the site (over the Internet) using an i2p proxy service such as:
https://www.awxcnx.de/cgi-bin/proxy2/nph-proxy.cgi/010000A/http/privatetrader.i2p/
Currently the site sells precious metals (gold and silver), base metals (copper), rare coins, and natural insect repellant. All sales are anonymous!
Cheers!
Max Koda
maxkoda@mail.i2p
Re: New Bitcoin Trading Exchange available on the i2p Network
bitcoinBull,
I see your point. I would agree that the reputation and integrity of the exchange will need to develop and prove itself over time. I am committed to make this exchange a success along with the Bitcoin currency! The current system is corrupt and free markets no longer exist. I'm attempting to play my part in changing this!
Time will tell...
Regarding physical delivery, many systems in place today provide only cash settlements. I know in that I have experienced difficulty taking physical delivery on Gold and Silver futures. Some items traded can only be settled for cash i.e., Electricity, Uranium, Weather, etc. My thinking is that the majority of contracts that trade on the Bitcoin Exchange will be cash settlement since physical delivery poses risks to anonymity. However, I am looking at providing the option for traders to take physical delivery on some of the contracts traded on the Bitcoin Exchange. Physical delivery will involve additional costs (to cover the cost of shipping and handling). The first contract that will offer physical delivery will be the CU copper contract. I'm still working out the details, but if you trade that contract and elect to take physical delivery, you will be able to take delivery of pure copper.
Max Koda
I see your point. I would agree that the reputation and integrity of the exchange will need to develop and prove itself over time. I am committed to make this exchange a success along with the Bitcoin currency! The current system is corrupt and free markets no longer exist. I'm attempting to play my part in changing this!
Time will tell...
Regarding physical delivery, many systems in place today provide only cash settlements. I know in that I have experienced difficulty taking physical delivery on Gold and Silver futures. Some items traded can only be settled for cash i.e., Electricity, Uranium, Weather, etc. My thinking is that the majority of contracts that trade on the Bitcoin Exchange will be cash settlement since physical delivery poses risks to anonymity. However, I am looking at providing the option for traders to take physical delivery on some of the contracts traded on the Bitcoin Exchange. Physical delivery will involve additional costs (to cover the cost of shipping and handling). The first contract that will offer physical delivery will be the CU copper contract. I'm still working out the details, but if you trade that contract and elect to take physical delivery, you will be able to take delivery of pure copper.
Max Koda