Dear Mt.Gox, you are not a success | Bitcointalksearch.org

Sage

hero member

Activity: 632

Merit: 500

Quote from: uMMcQxCWELNzkt on April 11, 2013, 07:42:08 AM

There are projects on these boards like Dark-exchange but people don't seem to be taking much notice of there work. If anyone has the technical know-how to set up a decentralised P2P network then contact me. I can do the design, branding and promotion.

I'd be interested in pitching in for a bounty and/or X-prize if we can get enough interest.

Maybe now the iron is hot, and we should start the discussion.

If not this event, it will be another. Mtgox has gotta go. We need a decentralized exchange that can scale. We needed it yesterday to be exact.

Techies no f#@! around. Let's get something going. What do we need to do to get this thing off the launch pad?

uMMcQxCWELNzkt

sr. member

Activity: 406

Merit: 250

There are projects on these boards like Dark-exchange but people don't seem to be taking much notice of there work. If anyone has the technical know-how to set up a decentralised P2P network then contact me. I can do the design, branding and promotion.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

in my mind i want to tie mining to banking. but maybe thats too fiat
after all the 21 million BTC are mined, wont the miners will essentially be the bank, keeping all transactions working? In a way its similar to the function banks are supposed to do, but with BTC instead. The hardware is the backing, I guess? Its hard for me to completely envision how a BTC economy would look like because not everything has a counterpart, and the motives are (should be) different.
yeah, exchanges...never go there.

ruski

full member

Activity: 350

Merit: 100

I'm not sure that complete decentralization of exchange between virtual and fiat currency is even possible. It requires thousands of parties with quantities of one or the other to exchange them, and then be able to do something useful with the currency they now have.

The closest we should be able to get is decentralization between virtual currency and real-world goods. That is, a free market where you can buy whatever you need in BTC rather than fiat. Food, electricity, housing.

That is a long way off.

HappyBitCoinUser

full member

Activity: 182

Merit: 100

Then how about some type of compromise?

Centralized Exchange, but how, and where?

Not in the US by the Government.

MtGox is in Japan, so that is a step in the right direction.

Sage

hero member

Activity: 632

Merit: 500

Quote from: HappyBitCoinUser on April 11, 2013, 06:14:03 AM

Quote from: Sage on April 11, 2013, 06:11:08 AM

The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.

We need a decentralized exchange!

A decentralized currency depending on a centralized exchange. Ummm... lol?

NOPE! A decentralized exchange depending on nobody but buyers and sellers.

fredi173

newbie

Activity: 52

Merit: 0

Quote from: Sage on April 11, 2013, 06:11:08 AM

The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.

We need a decentralized exchange!

+10

HappyBitCoinUser

full member

Activity: 182

Merit: 100

Quote from: Sage on April 11, 2013, 06:11:08 AM

The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.

We need a decentralized exchange!

A decentralized currency depending on a centralized exchange. Ummm... lol?

ruski

full member

Activity: 350

Merit: 100

They have twitter, you can tell them directly.

Sage

hero member

Activity: 632

Merit: 500

The Bitcoin community is the failure for failing to recognize this central point of failure and creating systems to mitigate it.

We need a decentralized exchange!

yokosan

hero member

Activity: 700

Merit: 500

Your response to yesterday is that you are a victim of your own success.

It might be easy for you to think like that while you smash profit records, but that is not success.

Your job is to facilitate and execute trades, when you can do that you are successful. With that in mind you are a complete and utter failure.

Topic: Dear Mt.Gox, you are not a success (Read 673 times)