is this exchange going to be high frequency?

will this utilise smart contract technology to fairly distribute funds?

今天看到bitmessage的时候想起原来在豆瓣上发的p2p微博的想法，结果原始日志竟然不知道啥时候被删了。。。还好后来又在这儿转发了一份。。。

This can be fixed by share the demurrage uniformly.

P2P匿名微博
-------------------------
一种留言(流言)系统。
分布式,无主节点,所有发言者全部为匿名,原理大体上如TorChat,但下载软件后可同步更新全域最近24小时内发布的所有内容。
内容分固定的频道,每条发布的信息必须从属于某个频道(比如中文频道,英文频道,等等),用户可在终端软件上选择只订阅某些频道的内容,这些频道的名称和编号只能通过升级软件调整。
每个人都可以在某个频道内任意发布单条的信息,这些信息会被终端软件加上唯一的编号,并以最快的速度发送到相邻节点,相邻节点用户阅读到该条信息后可选择在这条信息上追加标签(同样带有避免被覆盖的标示符),然后继续传递。添加标签可以使重要的信息以更快的速度传递。
终端用户可以选择屏蔽某些标签,比如被标记为“广告”5次以上的信息,这条消息会传遍整个网络,但是整个网络中可能只有万分之一的人先看到它并将其标记为广告,其他人不想看广告的人则根本不会看到这条消息。按同样的方式,谣言也可以很有效的被避免传播。

Hi Zhutong,

I'm also a Chinese study in Singapore. I've looked for Alipay's API from Taobao and Tenpay's API from Tencent months ago. I found that They both have APIs for users to transfer their money to a third company, which means you can open an account for customers to deposit RMB via Alipay or Tenpay. The only problem is that they do not apply API for third company to transfer money to end users automatically, so you have to do it manually if users want to withdraw money to their Alipay or Tenpay account.

Anyway, it is better than Paypal which you can do nothing with.

Hi pointbiz,

Thanks for reply.
It's true that deterministic wallet is not as secure as truly random private key. But for most common people who do not take care their bitcoin every day, I would say that current wallet is not a good idea. I have convinced 3 of my friends to get some bitcoins, only the one  who meet me everyday have his coins now, the other two both lost their wallets. I think the lost of wallet is a very common issue for not deepin users.

5-character password is too easy to guess out. May be you can add  some suggestions on you website, like 8+ characters, do not use alphabet only string...  A support of utf-8 character would also be a good idea, it is easy to make a exhaustive key search of 5 characters combination from 128 ASCIIs but it is impossible to look through 5 characters combination of utf-8 set.

Hi pointbiz,

I noticed that there are a lot of people that think about virtual wallet that no data needed to save in local or other server. The best way to do this is to specify a memorizable but not easy to guess string by the end user and the string can be used to generate private/public key pair.  When the user want to know his/her private/public key pair, he/she can generate them again with the same string.

Can you consider about that function in your website?

应该改叫BitCoal

Hi Lolcust, your GG is really crazy!

While, It depend on how you think. We need coins to use, not gold for collect.

At the beginning, the coins do not have any purchasing power(because there is only little diffculty to minning all of them out). You will lose nothing even you have 4.3% of your coins disappeared every year, since you get them nearly free. And speculator may not like to buy them for the same reason. The price of the coin will increase more gentlly. When people geting to use them, the value of the coins will increase, you still will not lose any thing if the purchasing power increases over 4.3% per year.

The value increase period will last very long for public to accept it. As long as the purchasing power increase of the coins over 4.3% per year, no one will suffer from losing money and if the purchasing power increase of the coins do not over 4.3% too much, we wont suffer much from speculating either.

If this coin succeed someday in the future and every one getting to use it, and it becomes to be the main currency in the world, with the productivity growth of the whole society, you can alway buy more with less coins and do not feel losing money. But the circulating of the coins by transaction fee can fulfill the large requirement of the coins in the market and it will always keep active, which will still a good thing.

This idea is tend to prevent speculation and disproportion earn of early adopter, which are two of most blames of Bitcoin and other coins in public.

For Bitcoin, early adopters that more like to see it succes other than earn millions of dollors him/herself will give out their coins for free to make it spread, while greedy speculators will keep all of their coins as long as the price is increasing, unfair, isn't it? Why don't we use everyone's coin to make it spread and stablize the market?

So the volume shows in Bitcoincharts is also not right?
I'm so happy to see the price comes back and so sad to find out that my coins are still there.

I just come out these ideas this weekend and found the forum down...

1. 10s to generate 1 block and 100 coins. All coins(~20M) will be found in 1 month.
2. Different from current xxxcoins, this coin will not save all the transaction and sum them up to get ballance of a certain account. A globel sum up bill for every none zero account will be updated hourly. Only most recent globel bill and transactions are needed to calculate balance for a certain account. So, only recent bill and transaction are nessary for the whole net.
3. For the generation of every globel bill, every account will be charged 0.0005% of his/her balance, this fee will give to the one who succesfully generate the bill, that will be about 100 coins.
4. Every transation will be charged .5%.
-------------------------------------
Advantages:
1. Light database. Only a globel bill and maximum 720 blocks are useful.
2. A nearly instant transaction, every transaction will be processed in 10s and confirmed in 1 min.
3. No dead account. For every account, The annual globel bill fee will be about 4.3%. If an account with 100 coins sleeps about 15 years, it will be only ~50 coins left, and if this account sleeps over 400 years, there will be nothing left.
4. All the coins will be found and spread in 1 month. The return of minning will suddenly becomes very low(36000->100 per hour, neglect transaction fees) to cool down digging rush.
5. Because of large amount of generation and low minning cost afterwase, there will be very little value of the coins. The value will increase only if it spreaded and there is really some use of it.
6. .5% transaction fee to restrict transaction between multi-account of one person and to keep the data file slim.

To make the coin spread, maybe it will be better to give half of the coins freely via a website like bitcoin faucet. And if there is a JS client that common users can specify certain private key(although its not as safe as current method), it will be more easy to make the coin popular.

For example: If I'm a newbee of this coin, I can sign up with my email address to the faucet website, and I can specify a private address "tangbohu9527", for example, to generate private/public key pair with JS client and the website will send 50 coins to the public address automatically. I do not need to do any thing(install a local client, update block information, save my wallet...), the only thing I need to do is to remember the string "tangbohu9527". If I want to spend my money to some one else, I just need to  provide this private address "tangbohu9527" and receivers account to any website with JS client of this coin.

It is true that I will take a risk that others might find the same string and transfer my coins, but it will really help to spread when the value of the coin is low. And after long term of use, if this coin become popular, people will learn to use more complex string as there private address. If someone really want to make his/her accound safe, he/she can use additional tools to generate private address complex enough by him/herself.
---------------------------------------------
So, is there anything possible above?

哈哈，确实。

 

you can just make a little change on the rule for generating new accounst to achieve your idea: choose a specified string and make a dural encryption on the string, let it be your secret key, generate a public key for it as your btc account, then you only need to remember your specified string and do not need to keep any wallet.

while the bad thing for this method is that even others are not able to decrypt your account. It might be easy for them to guess your string, because your string should be simple enough to be memarized. if you want to make it safe from being guess out then it will be hard to remember even for yourself, so you need a note somewhere to write down the string, and that's your current wallet.

but the trade price should be still around 15.4 right?

Instead, I've seen reports from major website like Tencent, Sina. There are quite a lot of people who know bitcoin, but most of them do not think Bitcoin will success, and have no interest to get in. Chinese are realist.. GFW is used to block informations that government do not want people to know, while Bitcoin is not strong enough to be noticed.

150 is  not the real number. Do you think those Chinese science geek will use QQ or 163 as their daily email? Most of them will prefer gmail.
haha. You are too confidence on GFW. If it have ability to kill bitcoin, it can also kill BT and Emule. But BT and emule are living very well in China till now.
Are there already some manufacturers in other country who are accepting BitCoins?

As I know, Sharkroman, a major Bitcoin seller in Taobao, who sell nearly 3000 Bitcoins in June.

e...In fact I went through all of 13 pages before post my design. It have some differnece from myrkul's or TiagoTiago's. It's a vertical line with clockwise spiral, not a 'b' in an anti clock open circle. People will be more clear on how to write it at one stroke, isn't it?

看你的终端下载到了多少个块。如果接收终端还没有更新到你进行交易那个块自然就不会看到交易信息。

I don't think include any "dot" in the character is a good idea since people will write the character somewhere.

Here is my design, a vertical line with a spiral. and looks like "b" in a circle, and will be very easy to write.
http://dl.dropbox.com/u/4313621/btcs.png