Topic: [ANN] peatio.com the world's first 100 percent public owned bitcoin exchange - page 5. (Read 16328 times)

Yes, gateways do become the next CPoF (Central Point of Failure) if you move your exchange to software, I understand.

The challenge then would be to find a way to create gateways that simply cannot be shut down, such as being too numerous or completely anonymous.

The problem here is that even a sound p2p solution emerges, it will still have to depend on some sort of "gateway" (a term used by ripple).

Mr. Li, we owe you a lot of thanks for your many efforts in China, so I hope you understand that I am not attacking your business when I say the following...

But no one wants another Exchange! We've got too many exchanges right now, and the problem with every last one of them is that if a government wanted to, it can land helicopters nearby and shut it down. Washington, Beijing, it really doesn't matter which... Some state will eventually be made by the banking cartel to do so.

So I don't see any point in "public ownership" and especially no point in an exchange being hosted on a website.

To make an exchange that cannot be shut down, you simply must follow BitTorrent's design of a SOFTWARE APP to host the exchange within.

Otherwise, what's the point?

you should think harder. And "WTF." is a nice indicator.

AsicMiner and Google has a distinction, and peatio.com will be pretty different from both of them.

If I have only 50 btc, Can I invest your project?
Thanks so  much!

mark，，great becoming

Mark

Mark

OP is a trust-worthy person in China. A lot of Chinese bitcoiners gained their first knowledge about bitcoin through OP's blog in 2011. For me I've read his blog and books since 2006 and I've gained many skills such as programming, critical thinking from his writings.

OP told us this project in a QQ online instant-chatting group and many ppl in the group are willing to become a shareholder, even before knowing the details of his project.

sounds great! what´s the schedule ?

Totally agree.


Is AsicMiner a p2p mining team?
Is Google a p2p search engine?
Is BMW a p2p car company?

WTF.

Before accusing me of "fake fund raising incident", you should check out links below, since you can read Chinese:

http://lixiaolai.com/first-public-charity-donation-in-china-for-lushan
http://lixiaolai.com/first-public-charity-donation-in-china-for-lushan-2nd-phase
http://lixiaolai.com/first-public-charity-donation-in-china-for-lushan-3rd-phase
http://lixiaolai.com/first-public-charity-donation-in-china-for-lushan-final

Here's a a brief explanation of the fund (I'll update a detailed explanation in the original post in English, within next week, when everything is settled.):

As of the fund raised (https://blockchain.info/address/15EhGBC8JBBVDKQ9yp1AqCb1xnzQLk6QHX, 32.54618228 BTC), as promised, I "exchanged" (that is, I used my own fiat money) the amount to RMB with the highest rate during the donation period, $169/BTC, equivalent to RMB 33,000. One of my friend later added RMB 20,000. The final amount of donation is equivalent to RMB 53,000. And as promised, I spent no money on traveling, hoteling, dining, etc. All the donation fund (53,000) will be sent to the students we'll support.

Now, RMB 15,000 was sent to 30 students from poor families in LuShan, as a student aid. Each of them only needs RMB 500 per year to pay for their tuitions. And we'll find more poor students to support next year, using the rest amount of RMB 38,000. (or perhaps we could find more students qualified in the near future, which needs volunteers work continuously.)

I'm building a website with one of my friend, named bitstudentaid.org (not launched yet, in development), planning raise more fund to support poor students in China in the future.

I hope I've given you a very clear explanation. However, I'll post a much more detailed update of the fund, and of the ongoing suite: bitstudentaid.org.

Will Mr Li or John help to clarify the state of the fake fund raising incident - https://bitcointalksearch.org/topic/help-lushan-first-public-bitcoin-donation-in-china-for-lushan-earthquake-181336 before going on to raise more money from the public?

I don't think Mr Li is a trustworthy person and have the right credential to carry out any IPO.

I'm sure you can register a .io domain without being in there.

I found this on nic.io:
...which means I'm not qualified...

not too expensive for me, too expensive relatively.

Great news.

If 100$/year is too expensive for you, I strongly suggest you rethink your whole project.