It sounds like he wants to set up an MLM.
How would you like to see it set up?
Topic: A new idea for bitcoin markets (Read 5753 times)
How would you like to see it set up?
It sounds like he wants to set up an MLM.
Can yes, want to no.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.
I dont seek friends for that reason either, but I do want us to all get ahead and have fun.
Can yes, want to no.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.
The money has to come from somewhere after all. If it is a decentralized service, the money then most likely comes from my friends.I want them as friends, not as a source of income.
That is not right, Ripple can run decentralized, once Opencoin releases the source.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.
Okay, good. We all need some options these days, as the bitcoin world has found out.
Can you make money promoting Ripple to your friends?
That is not right, Ripple can run decentralized, once Opencoin releases the source.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.
They don't want to do that currently to protect their investment I guess and also to make sure their implementation is the most supported one before people start forks left and right.
Are you aware of Ripple.com?
-MarkM-
I have heard of it. I like my idea better. Ripple is still under the control of a few, right?-MarkM-
Ripple is essentially a protocol, similar to Bitcoin. With community growth, there will be distribution of control among participating nodes as there is now in Bitcoin.
I took another look:
http://ploum.net/post/ripple-making-bitcoin-easier-or-obsolete
There is one server that is central to Ripple, is that right? If so, it is not decentralized.
The easiest way to create stability and growth is to slow the trading down. Take away the advantage given to HFT and bots and you'll see steady growth. I suggest that after wiring money to an exchange the only way to make a trade is to send a small bitcoin fee with the transaction encoded within. The exchanges can execute the orders after the fee is received even without verification.
It's quite hard to undersatnd what mobile4ever is suggesting. But from what I can tell, he/she is proposing that someone write the code for an exchange, and open source it. Then anyone can host that code on their servers, plug in to fiat gateways using their account #'s, and boom they have an exchange running.
I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
You need to find someone you trust who understands the code. "Just any random PHP developer" might do a great job, but in order to know that, you'd have to understand the code, or know and trust (completely) someone who understands it. I recommend learning enough to identify potential problems in code, but that's a long path, and only necessary for the independent self-assurance that someone like me craves.I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
Shit! That's it! Decades ago, I described myself as "cursed with a validity checker." I've since learned to appreciate it, and now I know where it comes from. I crave to know things without relying on information from others. My older brother probably fooled me "too much" or "enough" (depending on how you look at it). Thanks bro!
In any case, lots of people have suggestions that someone else write the code. I have a suggestion for them: Why not put up a bounty on it?
It's quite hard to undersatnd what mobile4ever is suggesting. But from what I can tell, he/she is proposing that someone write the code for an exchange, and open source it. Then anyone can host that code on their servers, plug in to fiat gateways using their account #'s, and boom they have an exchange running.
I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
I don't see how this is different from just the idea of open sourcing the code for an exchange. I wouldn't want just any random PHP developer writing the code for an exchange.
Edit: congrats! You just got on the ignore list. Kindly take your negative self elsewhere.
Congrats to you too for also making it to my the ignore list...
Do you really think a white font can be easily read on a white or yellow background or is it on purpose to annoy everyone?
Mobile, if people can make money without working, there is something wrong with the system.
It does not work without people using "word of mouth" marketing. Some call that working, I call it helping people.
It will take having personal responsibility over your own web site or program. ( Just like your own bitcon wallet. ) One thing about bitcoin is that those who know little or nothing about computer security can lose their money. This system is open to "adjustments" for things like that.
I want the world to know that this is not going to be something under my control. Just as Satoshi is not responsible for people who use his software, I will not be responsible for those who use what I make.
The examples from the bitcoin economy that you will ask about (because they seem to be examples of people making money without working) will be matched by people on the other side of their trades who are losing money by not working.
That I will ask about..? I believe in an hour of pay for an hour of work. I also believe in making a percentage off the work of others.
Those who are successful are successful because they put work into understanding the market well enough to soak up the extra currency that others lose. Earning is just that, earning. If you're getting money for nothing, you will eventually run out of luck. Casinos live on that.
Those who are successful know the value of having assets. Liabilities are the opposite of assets. I am creating something that is an asset, something that can be passed down to your children.
This is definitely not about being lucky, unless you consider that those who found bitcoin were lucky to have found it before the rest of the world. That's you and me.
... In $remote_country.
...
You're a bit mean, but I think that's justified, and I replied just to applaud you....
Mobile, if people can make money without working, there is something wrong with the system. The examples from the bitcoin economy that you will ask about (because they seem to be examples of people making money without working) will be matched by people on the other side of their trades who are losing money by not working. Those who are successful are successful because they put work into understanding the market well enough to soak up the extra currency that others lose. Earning is just that, earning. If you're getting money for nothing, you will eventually run out of luck. Casinos live on that.
People interested in P2P markets may want to read these wiki pages:
https://en.bitcoin.it/wiki/Contracts
https://en.bitcoin.it/wiki/Distributed_markets
https://en.bitcoin.it/wiki/Ripple_currency_exchange
https://en.bitcoin.it/wiki/Contracts
https://en.bitcoin.it/wiki/Distributed_markets
https://en.bitcoin.it/wiki/Ripple_currency_exchange
Look up the user here whose nick/handle/username is "Dank". You two seem like kindred spirits.
-MarkM-
-MarkM-
Will do. Thanks, but it would seem that most bitcoin users would be interested in more freedom.
Edit: congrats! You just got on the ignore list. Kindly take your negative self elsewhere.
Look up the user here whose nick/handle/username is "Dank". You two seem like kindred spirits.
-MarkM-
-MarkM-
There's no reason why this can't work, it all makes sense. It just depends on how many believe in this type of system compared to what's typically out there. 2 is always better than one (especially streams of income) and most btc advocates are investors and entrepreneurs at heart any way.
Yeah, you are right. I believe like Simon Sinek that people do not follow someone for what a person does, but for what they believe. John F. Kennedy stated that we are born "free and independent". I believe it! Our money should reflect who we really are. So should the bitcoin markets.
I am learning to be an investor myself. I think I have always been an entrepreneur.
There's no reason why this can't work, it all makes sense. It just depends on how many believe in this type of system compared to what's typically out there. 2 is always better than one (especially streams of income) and most btc advocates are investors and entrepreneurs at heart any way.
I am making one for my own area just as soon as I can.
Good! Post a link to it as soon as its "about" page or "help" pages or "how it works" pages are ready to make it clear to vistitors what the heck it is and/or what the heck it does and/or how the heck it works, plus presumably exactly how it is that it makes money for them if indeed it is some kind of "income opportunity" or somesuch.
-MarkM-
I am seeking a PHP coder to create the plugin now. The site and forum are already up.
I am making one for my own area just as soon as I can.
Good! Post a link to it as soon as its "about" page or "help" pages or "how it works" pages are ready to make it clear to vistitors what the heck it is and/or what the heck it does and/or how the heck it works, plus presumably exactly how it is that it makes money for them if indeed it is some kind of "income opportunity" or somesuch.
-MarkM-
You are proposing to sell income-earning / money-making "assets"? In short, "investments" or "business opportunities"?
Or is it just that by using an affiliate scheme, maybe even a multi-level structure of affiliates, you hope to attract affiliates who will try to earn money by selling your idea/product?
-MarkM-
Or is it just that by using an affiliate scheme, maybe even a multi-level structure of affiliates, you hope to attract affiliates who will try to earn money by selling your idea/product?
-MarkM-
No, I am not selling anything. I am looking for people who believe like I do, in freedom and decentralization of bitcoin markets. As a benefit they can have a business asset for themselves. I am definitely not a salesman, but this is a great idea.
Edit:
I am creating a system that decentralizes bitcoin markets and will be duplicatable by anyone without them having to know how to code. The side benefit of the decentralization is that the people who duplicate it will have a steady source of income.
I am making one for my own area just as soon as I can.
You are proposing to sell income-earning / money-making "assets"? In short, "investments" or "business opportunities"?
Or is it just that by using an affiliate scheme, maybe even a multi-level structure of affiliates, you hope to attract affiliates who will try to earn money by selling your idea/product?
-MarkM-
Or is it just that by using an affiliate scheme, maybe even a multi-level structure of affiliates, you hope to attract affiliates who will try to earn money by selling your idea/product?
-MarkM-
Colored coins are very similar to you taking a 1 USD bill, noting down the serial number and stating that you personally consider this as a "special" 1 USD bill and will hand anyone who gives it back to you 100 USD. Then you sell it for some money.
This has the exact same issues as with colored coins. You might have a "special bill" right now in your back pocket but as long as you don't know about the guy who hands you 100 USD for it, you'll still value it at 1 USD (everybody else will too). Also even if you manage to find about this, buy the special 1 USD bill for 90 USD and go to that guy he might rather ruin his reputation and claim that this was just a joke, you're stupid for paying 90 USD for 1 USD bill and if you have a problem with that you're free to sue him. In $remote_country.
From your question (assuming that you can physically color a virtual item) I still deduct that you still high on whatever it is you consumed that made you come up with this thread.
This has the exact same issues as with colored coins. You might have a "special bill" right now in your back pocket but as long as you don't know about the guy who hands you 100 USD for it, you'll still value it at 1 USD (everybody else will too). Also even if you manage to find about this, buy the special 1 USD bill for 90 USD and go to that guy he might rather ruin his reputation and claim that this was just a joke, you're stupid for paying 90 USD for 1 USD bill and if you have a problem with that you're free to sue him. In $remote_country.
From your question (assuming that you can physically color a virtual item) I still deduct that you still high on whatever it is you consumed that made you come up with this thread.
Hmmm... maybe I am high on colors?
Colored coins are very similar to you taking a 1 USD bill, noting down the serial number and stating that you personally consider this as a "special" 1 USD bill and will hand anyone who gives it back to you 100 USD. Then you sell it for some money.
This has the exact same issues as with colored coins. You might have a "special bill" right now in your back pocket but as long as you don't know about the guy who hands you 100 USD for it, you'll still value it at 1 USD (everybody else will too). Also even if you manage to find about this, buy the special 1 USD bill for 90 USD and go to that guy he might rather ruin his reputation and claim that this was just a joke, you're stupid for paying 90 USD for 1 USD bill and if you have a problem with that you're free to sue him. In $remote_country.
From your question (assuming that you can physically color a virtual item) I still deduct that you still high on whatever it is you consumed that made you come up with this thread.
This has the exact same issues as with colored coins. You might have a "special bill" right now in your back pocket but as long as you don't know about the guy who hands you 100 USD for it, you'll still value it at 1 USD (everybody else will too). Also even if you manage to find about this, buy the special 1 USD bill for 90 USD and go to that guy he might rather ruin his reputation and claim that this was just a joke, you're stupid for paying 90 USD for 1 USD bill and if you have a problem with that you're free to sue him. In $remote_country.
From your question (assuming that you can physically color a virtual item) I still deduct that you still high on whatever it is you consumed that made you come up with this thread.
bitcoinx.org does decentralized exchanges between bitcoins and "colored coins" which are bitcoins with additional meaning. Eventually they will have coins with the color "USD" which solves a piece of the problem if they are successful.
Good luck on your project. Anybody making it easier to buy and sell bitcoins is ok in my book!
Good luck on your project. Anybody making it easier to buy and sell bitcoins is ok in my book!
Thanks! I think something needs to be done quickly, before the dollar goes down. The colored coins you are talking about are physically colored?
bitcoinx.org does decentralized exchanges between bitcoins and "colored coins" which are bitcoins with additional meaning. Eventually they will have coins with the color "USD" which solves a piece of the problem if they are successful.
Good luck on your project. Anybody making it easier to buy and sell bitcoins is ok in my book!
Good luck on your project. Anybody making it easier to buy and sell bitcoins is ok in my book!
You still didn't clearly state how anyone will make any profit on your platform specifically that makes it different from just speculating on any exchange.
Also your weird habit of marking random words in yellow and white is highly annoying.
I'm outta here, maybe I'll check later if your trip has ended or if you're still writing incoherently, quoting incorrectly and ignoring existing platforms.
Also your weird habit of marking random words in yellow and white is highly annoying.
I'm outta here, maybe I'll check later if your trip has ended or if you're still writing incoherently, quoting incorrectly and ignoring existing platforms.
Thanks. Sorry you were annoyed by the colors. If others dont like it, I will stop.
I realized it is self-perpetuating by the webhosting. I have made a forum to explain more but really I am seeking people who believe what I believe. The details can be hammered out, like Ripple is probably doing.
You still didn't clearly state how anyone will make any profit on your platform specifically that makes it different from just speculating on any exchange.
Also your weird habit of marking random words in yellow and white is highly annoying.
I'm outta here, maybe I'll check later if your trip has ended or if you're still writing incoherently, quoting incorrectly and ignoring existing platforms.
Also your weird habit of marking random words in yellow and white is highly annoying.
I'm outta here, maybe I'll check later if your trip has ended or if you're still writing incoherently, quoting incorrectly and ignoring existing platforms.
People don't need help, they need markets and thus, speculation. Be taking the market competitiveness out of the equation (and thus the cooperative communication/speculation of desired prices and worth), you're basically stranding any buyers/sellers to an island community situation where someone would sell a shell for $100, only to return to the real world and realize the shell is worth $0.01 USD.
That part (the speculation) will be seen at the hub. Isnt this the target of thieves on most "markets"? I am also providing a source of passive income. For those who buy anything at the beginning of a "bubble" ( the early adopters) they come out ahead. Those who first bought bitcoins are that way today. This is a growing technology that I believe will be a household term soon. We are the "early adopters". The goal is to make this local, so your shell example does not apply.
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Also, referring to the forum for information would be a form of *centralization*. What do you people use without the forum? Now you see what this other individual is talking about when he refers to this problem as a "holy grail". It is something the newest Ripple implementation was designed to provide, unfortunately they have a problem with potentially harboring more scammers than Bitcoin ever has so long as they avoid vetting their gateways.
You may be right there. No problem. Free forum software is already provided by webhosts. One click and ... you have your own.
I went and saw the thread:
https://bitcointalksearch.org/topic/m.1543739
About Ripple; They have a new product... I think they can improve it, as with anything. If it decentralizes and frees, I am for it.
Then it is even worse than bitmarket.eu (who at least hold BTC in escrow) and is not really an "exchange" but just a platform to put up suggested offers that might be filled or not. Depending on external factors (MtGox) and who sends first (remember: BTC transactions are IRREVERSIBLE!) sellers or buyers scam each other into oblivion.
Its every man and woman for themselves in this world. Forming groups may be good for those who feel vulnerable. But decentralization brings a freedom that comes from the way we are created; "free and independent". Humans have a propensity to abuse power once too much is given to them. Its a large subject to address, but its better to have problems associated with too much freedom than to have problems associated with too little freedom.
I wasn't asking you to enforce fiat transactions, I wanted to know if you devised a system to make sure fiat transactions are not reversed.
No, but if it needs to become an option or feature, it can be included later.
Your excuse seems to be "if you are scammed by someone, that's your problem - you should have looked at user ratings" - guess what, even pirateat40 had hugely positive OTC ratings, on SilkRoad a highly rated/trusted dealer decided to suddenly disappear with a lot of BTC and if there's even the possibility a trusted trader could loose access to his/her account and someone else makes offers for them...
I believe that the scammers showed how strong the idea behind bitcoin really is. There will always be people who are scammed, whatever systems are put into place. Have you ever thought on this?:
"The ultimate result of shielding men from the effects of folly is to fill the world with fools." ~ Herbert Spencer
Sorry, but if that's really all you propose (platform for offers), then there are already existing and better options out there. I hoped you came up with a better solution, but it looks like a no so far to me.
I dont know if you saw this yet:
https://bitcointalksearch.org/topic/m.1543784
but this system also gives people an asset, something that puts money into their pocket whether they work or not.
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if people need help,..
People don't need help, they need markets and thus, speculation. Be taking the market competitiveness out of the equation (and thus the cooperative communication/speculation of desired prices and worth), you're basically stranding any buyers/sellers to an island community situation where someone would sell a shell for $100, only to return to the real world and realize the shell is worth $0.01 USD.
Also, referring to the forum for information would be a form of *centralization*. What do you people use without the forum? Now you see what this other individual is talking about when he refers to this problem as a "holy grail". It is something the newest Ripple implementation was designed to provide, unfortunately they have a problem with potentially harboring more scammers than Bitcoin ever has so long as they avoid vetting their gateways.
Forgive me if I'm off base here, but *total freedom* as you're describing it sounds like *pricing chaos* to me.
I believe people can make up their own minds on what they want to pay. For me, "haggling" for a price is envigorating.
But... if people need help, there is always this forum to turn to.
Then it is even worse than bitmarket.eu (who at least hold BTC in escrow) and is not really an "exchange" but just a platform to put up suggested offers that might be filled or not. Depending on external factors (MtGox) and who sends first (remember: BTC transactions are IRREVERSIBLE!) sellers or buyers scam each other into oblivion.
I wasn't asking you to enforce fiat transactions, I wanted to know if you devised a system to make sure fiat transactions are not reversed. Your excuse seems to be "if you are scammed by someone, that's your problem - you should have looked at user ratings" - guess what, even pirateat40 had hugely positive OTC ratings, on SilkRoad a highly rated/trusted dealer decided to suddenly disappear with a lot of BTC and if there's even the possibility a trusted trader could loose access to his/her account and someone else makes offers for them...
Sorry, but if that's really all you propose (platform for offers), then there are already existing and better options out there. I hoped you came up with a better solution, but it looks like a no so far to me.
I wasn't asking you to enforce fiat transactions, I wanted to know if you devised a system to make sure fiat transactions are not reversed. Your excuse seems to be "if you are scammed by someone, that's your problem - you should have looked at user ratings" - guess what, even pirateat40 had hugely positive OTC ratings, on SilkRoad a highly rated/trusted dealer decided to suddenly disappear with a lot of BTC and if there's even the possibility a trusted trader could loose access to his/her account and someone else makes offers for them...
Sorry, but if that's really all you propose (platform for offers), then there are already existing and better options out there. I hoped you came up with a better solution, but it looks like a no so far to me.
You have the right idea, sadly not at the right time (yet).
There won't be anything else than hostility you earn for the proposal.
There won't be anything else than hostility you earn for the proposal.
I dont feel so sad.
At this time so many people are unemployed that there is no way they will avoid this system. Having an asset that puts money in your pocket whether a person works or not is too attractive to resist. Excuse me for saying so, but this seems to be the perfect time, thanks to the fall of the dollar and high unemployment. hero member
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Forgive me if I'm off base here, but *total freedom* as you're describing it sounds like *pricing chaos* to me.
You have the right idea, sadly not at the right time (yet).
There won't be anything else than hostility you earn for the proposal.
There won't be anything else than hostility you earn for the proposal.
How will you enforce a fiat transaction?
The deals are personal. I will not be personally (if the question was directed to me) enforcing anything. It is a personal transaction between the owner of the web site and the person interested in interchanging something, whether it be currency or goods and services. Since it is a local deal, the interstate commerce thing as well as the international laws are moot.
Say I sell 1 BTC for 30 USD, suddenly the MtGox price crashes and BTC is at 10 USD/BTC - how do you ensure I still get the 30 USD somebody has committed to?
Again its a personal deal, like in the offline world. It is not going to be connected to outside influences.
To me the small hints you gave seem like a "mobile"(?!) version of bitmarket.eu or similar, where you can put up offers that might be taken or not - but every time the BTC prices fall there are lots of problems with people not doing the fiat transaction. On the other hand, if you don't even hold BTC in escrow, as long as the rate goes up it makes sense for sellers not to send the BTC they promised but rather to re-sell them at higher prices.
If there is going to be a terms page on the hub site, it will say that people take responsibility for their own interchanges.
Regulatory issues come into place once you start to create something that is 1:1 pegged to a fiat currency and can be redeemed in fiat again. This is the main difference to gift certificates (e.g. iTunes gift cards). Yes, of course sometimes it might be possible to get money back on a gift card too, but in general Apple does NOT guarantee you that you can just show up with 5000€ of iTunes gift cards and demand 10 500€ bills. With e-money on the other hand, you could do that.
Nothing is pegged to anything, as all interactions are done "person to person". Its total freedom. It does not involve gift cards, just regular digital data running through the internet. HTML, PHP and perhaps Javascript which are all "open" technologies, are the powering influence.
How will you enforce a fiat transaction? Say I sell 1 BTC for 30 USD, suddenly the MtGox price crashes and BTC is at 10 USD/BTC - how do you ensure I still get the 30 USD somebody has committed to?
To me the small hints you gave seem like a "mobile"(?!) version of bitmarket.eu or similar, where you can put up offers that might be taken or not - but every time the BTC prices fall there are lots of problems with people not doing the fiat transaction. On the other hand, if you don't even hold BTC in escrow, as long as the rate goes up it makes sense for sellers not to send the BTC they promised but rather to re-sell them at higher prices.
Regulatory issues come into place once you start to create something that is 1:1 pegged to a fiat currency and can be redeemed in fiat again. This is the main difference to gift certificates (e.g. iTunes gift cards). Yes, of course sometimes it might be possible to get money back on a gift card too, but in general Apple does NOT guarantee you that you can just show up with 5000€ of iTunes gift cards and demand 10 500€ bills. With e-money on the other hand, you could do that.
To me the small hints you gave seem like a "mobile"(?!) version of bitmarket.eu or similar, where you can put up offers that might be taken or not - but every time the BTC prices fall there are lots of problems with people not doing the fiat transaction. On the other hand, if you don't even hold BTC in escrow, as long as the rate goes up it makes sense for sellers not to send the BTC they promised but rather to re-sell them at higher prices.
Regulatory issues come into place once you start to create something that is 1:1 pegged to a fiat currency and can be redeemed in fiat again. This is the main difference to gift certificates (e.g. iTunes gift cards). Yes, of course sometimes it might be possible to get money back on a gift card too, but in general Apple does NOT guarantee you that you can just show up with 5000€ of iTunes gift cards and demand 10 500€ bills. With e-money on the other hand, you could do that.
A decentralized GLBSE or MtGox, many times people discussed this hear. It has become some kind of Holy Grail for the developing crowd but no one yet had a conclusive idea how to solve the complex batch of problems that goes with it AFAIK.
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Most issues are regulatory I guess -
if it is possible to register an official e-money issuer that is allowed to receive e.g. EUR and hand out Bitcoin-style (blockchain, scripts etc.) "Eurocoins", there is already a suggestion by Mike Hearn on how to shape transactions in Bitcoin and Eurocoin that could be used as decentralized exchange. The centralized element would then be only the Eurocoin issuer (in any exchange scenario you'd have someone you need to trust, because fiat transactions are not enforcable by you without a lawyer...) but NOT the Eurocoin holder whom you are exchanging to. E-money issuers are not allowed to do fractional reserve, so there's low risk on that front.
Usually the issue is on fiat side and how to enforce anything there - either by involving a 3rd party (e.g. MtGox), a WoT (BTC-OTC) or a combination of both (Ripple). To have a decentralized exchange you don't just need to "revolutionize money", you need some new/unique/special ways on how to deal with fiat money as well!
All is done as personally as possible, the third party will be the hub itself, which has no money inside. The exchange rates will always be changing, but an API from somewhere similar to xe.com would do good for everyone to keep up to date.
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Most issues are regulatory I guess -
The ßitcoin hub will not actually be doing any transactions. Plus, the system will be localized to their own areas of the world. Doesnt that take care of a lot of regulations? (No transactions over borders.)
A decentralized GLBSE or MtGox, many times people discussed this hear. It has become some kind of Holy Grail for the developing crowd but no one yet had a conclusive idea how to solve the complex batch of problems that goes with it AFAIK.
Most issues are regulatory I guess - if it is possible to register an official e-money issuer that is allowed to receive e.g. EUR and hand out Bitcoin-style (blockchain, scripts etc.) "Eurocoins", there is already a suggestion by Mike Hearn on how to shape transactions in Bitcoin and Eurocoin that could be used as decentralized exchange. The centralized element would then be only the Eurocoin issuer (in any exchange scenario you'd have someone you need to trust, because fiat transactions are not enforcable by you without a lawyer...) but NOT the Eurocoin holder whom you are exchanging to. E-money issuers are not allowed to do fractional reserve, so there's low risk on that front.Usually the issue is on fiat side and how to enforce anything there - either by involving a 3rd party (e.g. MtGox), a WoT (BTC-OTC) or a combination of both (Ripple). To have a decentralized exchange you don't just need to "revolutionize money", you need some new/unique/special ways on how to deal with fiat money as well!
Great then, set it up, if people like it they will use it, if it is free open source they will be able to decentralise it which seems to be what you want them to do, yes?
So put it on github or sourceforge or the like, give us the link, we'll download the code and give it a whirl...
-MarkM-
So put it on github or sourceforge or the like, give us the link, we'll download the code and give it a whirl...
-MarkM-
The plugins are for websites and I expect them to be developed in PHP. It is open source in that HTML is open source. It not based on a downloadable piece of software. It is more similar to a plugin for Wordpress.
Plus, the "money part" is based on replication and becomes an asset over time. As usual, the early adopters will make the most, exactly like bitcoin. This can be replicated easily over all the world.
Great then, set it up, if people like it they will use it, if it is free open source they will be able to decentralise it which seems to be what you want them to do, yes?
So put it on github or sourceforge or the like, give us the link, we'll download the code and give it a whirl...
-MarkM-
So put it on github or sourceforge or the like, give us the link, we'll download the code and give it a whirl...
-MarkM-
A decentralized GLBSE or MtGox, many times people discussed this hear. It has become some kind of Holy Grail for the developing crowd but no one yet had a conclusive idea how to solve the complex batch of problems that goes with it AFAIK.
Have you heard of Bitwasp?:
https://bitcointalksearch.org/topic/bitwasp-marketplace-to-make-sites-similar-to-silkroad-109223
Have you heard of Bitwasp?:
https://bitcointalksearch.org/topic/bitwasp-marketplace-to-make-sites-similar-to-silkroad-109223
Holy Grail? This is easy! It will take no amount of coding knowledge to use once it is running. Its for everyone.
I looked at the link. (https://bitcointalksearch.org/topic/bitwasp-marketplace-to-make-sites-similar-to-silkroad-109223)
No, this is based on HTML and a few PHP or javascript plugins. I think the Silkroad is only available using TOR, is that right? There is nothing illegal or nothing to make governments feel "threatened" with my setup.
A decentralized GLBSE or MtGox, many times people discussed this hear. It has become some kind of Holy Grail for the developing crowd but no one yet had a conclusive idea how to solve the complex batch of problems that goes with it AFAIK.
Have you heard of Bitwasp?:
https://bitcointalksearch.org/topic/bitwasp-marketplace-to-make-sites-similar-to-silkroad-109223
Have you heard of Bitwasp?:
https://bitcointalksearch.org/topic/bitwasp-marketplace-to-make-sites-similar-to-silkroad-109223
Are you aware of Ripple.com?
-MarkM-
I have heard of it. I like my idea better. Ripple is still under the control of a few, right?-MarkM-
Ripple is essentially a protocol, similar to Bitcoin. With community growth, there will be distribution of control among participating nodes as there is now in Bitcoin.
Do people make money two ways with Ripple? Is it on mobile devices?
Are you aware of Ripple.com?
-MarkM-
I have heard of it. I like my idea better. Ripple is still under the control of a few, right?-MarkM-
Ripple is essentially a protocol, similar to Bitcoin. With community growth, there will be distribution of control among participating nodes as there is now in Bitcoin.
Can you elaborate on this "natural engine"? What is your plan?
Word of mouth is the natural engine. Its set up so that people can get their friends in as well and get paid to do so.
By the way, it will go on mobiles.
Can you elaborate on this "natural engine"? What is your plan?
This idea of making bitcoin markets decentralized makes bitcoin even more secure.
Some people with some web programming skills would be nice to pull this off. I can do
some of them myself since I have been a webmaster off and on for ten plus years.
I could eventually make it all myself in time. But again, it is against what I believe. Having "one
person in charge" of things is not the goal. Complete decentralization of bitcoin markets is the goal.
If you believe like I do lets work on making it happen.
Send me a PM...
Perhaps you could explain why the existing decentralized markets are not adequate?
http://bitcoin-otc.com/
http://localbitcoins.com/
http://btcnearme.com/
http://tradebitcoin.com/
I am not saying they are not. But with my idea, people make money two different ways. I think I have hit on something here. If they are truly decentralized, that is great, that is what I want, but at the same time I have a "natural engine" that makes people want to share bitcoin with their friends.
Do those sites you listed do that?
Edit: I took a look at the https://localbitcoins.com/ site. It is okay for what it does, but my idea decentralizes more than their site and it appears there is only one way to trade currencies for bitcoin. My idea allows people to make money two ways.
This idea of making bitcoin markets decentralized makes bitcoin even more secure.
Some people with some web programming skills would be nice to pull this off. I can do
some of them myself since I have been a webmaster off and on for ten plus years.
I could eventually make it all myself in time. But again, it is against what I believe. Having "one
person in charge" of things is not the goal. Complete decentralization of bitcoin markets is the goal.
If you believe like I do lets work on making it happen.
Send me a PM...
Perhaps you could explain why the existing decentralized markets are not adequate?
http://bitcoin-otc.com/
http://localbitcoins.com/
http://btcnearme.com/
http://tradebitcoin.com/
Are you aware of Ripple.com?
-MarkM-
-MarkM-
I have heard of it. I like my idea better. Ripple is still under the control of a few, right?
Are you aware of Ripple.com?
-MarkM-
-MarkM-
I believe bitcoin markets should match bitcoin; distributed, and not under the control of centralized groups.
I believe bitcoin markets should not charge fees.
I believe bitcoin markets should not have intrusive ads or ask intrusive questions.
I believe there is a group of people out there who has been waiting for this to happen.
Bank robbers rob banks because they know that is where the money is. Those who
rob current bitcoin markets have the same targets because that is where the bitcoins are.
I believe this needs to change so that thieves no longer have a target online.
This idea of making bitcoin markets decentralized makes bitcoin even more secure.
Some people with some web programming skills would be nice to pull this off. I can do
some of them myself since I have been a webmaster off and on for ten plus years.
I could eventually make it all myself in time. But again, it is against what I believe. Having "one
person in charge" of things is not the goal. Complete decentralization of bitcoin markets is the goal.
If you believe like I do lets work on making it happen.
Send me a PM...
I believe bitcoin markets should not charge fees.
I believe bitcoin markets should not have intrusive ads or ask intrusive questions.
I believe there is a group of people out there who has been waiting for this to happen.
Bank robbers rob banks because they know that is where the money is. Those who
rob current bitcoin markets have the same targets because that is where the bitcoins are.
I believe this needs to change so that thieves no longer have a target online.
This idea of making bitcoin markets decentralized makes bitcoin even more secure.
Some people with some web programming skills would be nice to pull this off. I can do
some of them myself since I have been a webmaster off and on for ten plus years.
I could eventually make it all myself in time. But again, it is against what I believe. Having "one
person in charge" of things is not the goal. Complete decentralization of bitcoin markets is the goal.
If you believe like I do lets work on making it happen.
Send me a PM...
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