Topic: . (Read 2484 times)

Well, there is only one thing that you can to to increase the distribution of this "coin".....

buy some

Back to the OP's original question on who has 10 second transaction times:

that's easy, "BitUSD"

1)  We take a Warren Buffett approach: no frills.
2)  Yes, we are anonymous.
3)  The Clotho-Hydra and Argus-Nemesis are proprietary, owned by all accountholders.  I will let the accountholders decide if they want to disclose how their competitive advantage functions for others to copy.
4)  Yes, 100% was given to the Founding Accountholders.  We own slightly less than that now.  There was no ICO, but we do want to auction off some for price discovery and so that non-founders and those no associated with non-founders may enjoy the benefits of ~500ms full confirmation and continual price stability.
5)  We've never had a reason to come to bitcointalk, but I'm enjoying the Economics sub-forum immensely.  kommoncents will be back in about a week.  I did tell it about your accusation, so it may be back sooner to join in.
6)  Testing the speed claim is relatively easy though the wireshark method would be less onerous.  Unfortunately, BTC is obsolete and should be eclipsed by XRP relatively soon.  I do empathize with any who've made investments in BTC's long run future.
7)  The Ideal Reserve Client is on github, and it is semi-open source, that anyone may use it for beneficial purposes of The Ideal Reserve.  There are actually two bounties open to create iOS and Android apps based upon it.  It will be a happy day when paying off those
8  The data necessary to reconstruct the economic claims are free and readily available.  Unfortunately, I will not be able to assist with their reconstruction, either.

If you'll pardon me, these seem to be more personal and definitely not criminal.  Do you have any evidence of a criminal act?

There is nothing I can do to change BTC's competitive disadvantage.  The community will have to handle that itself.  I am not to blame for that fact.

kommoncents should be back in about a week or so and will take back over public relations.

If you have any reason why you think this is a scam aside from our preference for anonymity, please disclose the accusation, so I can respond.  Thank you in advance.

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.

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.


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.

I haven't looked at any data on BTC fraud because the technology is obsolete, so the opportunity cost would be too high.  XRP was the only viable cryptocurrency before The Ideal Reserve.

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

We are unable to do that, but I have been coding and have been studying economics particularly financial, monetary, and experimental since the 90s.

I do not have permission from any other Founding Accountholders to reveal any of their personal information.

The Ideal Reserve is designed not to overtake the system but rather to provide it more facility.

The Ideal Reserve doesn't want to overthrow anything. The Ideal Reserve was designed to make everything financial the individual uses more valuable and less costly.

BIP035 only confirms that a transaction has been received by a node.  It is not block confirmation and certainly not full confirmation.

Are transactors to trust the creditworthiness of impulse just like with greenaddress?  If so, costs have only been transformed not reduced.

We will be generous with bounties, but I consider The Ideal Reserve valuable, so something of value must be produced in exchange for MØ.

Which ones?  I can't find anything that approaches 500ms full confirmation.


The seller has to wait for the funds to be released or take risk.


Indeed, and The Ideal Reserve's 500ms is easily preferred to any other solution since it's the lowest time cost.


3 minutes will be a tough sell.

BTC gives you near certainty at 60 minutes.

XRP's at 10 seconds.

The Ideal Reserve can do it in 500 milliseconds.

Is there anything faster?

even NXT now, some people are reporting, is taking hours to load.  Or BTC which is exponentially growing in size and already is too big / too long to load).

BTC gives you near certainty at 60 minutes.

Which ones?  I can't find anything that approaches 500ms full confirmation.

Maybe he's armchair intellectual or something.  I've spent longer getting a credit card purchase improved.  In fact, most of the lineups you see in stores are because of credit cards taking a long time to be approved

Annoyed customer how ? he is already at home with his product

for customer : only 4 till 6 seconds to reach 5 masternode confirmations !!!!

It still requires 3 minutes.

Annoyed customer, lost business due to time consumed to complete a sale.

If the seller needs to refund any or all of the transaction, even more time is consumed.  Each error compounds the lost business.

What matters is time consumed and risk.

Either the seller doesn't wait and takes on the risk of a 0 confirmation transaction, or the buyer waits 3 minutes, wasting his time.

Either way, it's more costly than cash and cannot hope to compete there.