Topic: NY Hearings - lets live blog this puppy : - ) - page 9. (Read 11916 times)
An Asian nerd sandwiched between two blonde female lawyers. There's a joke somewhere...
Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! 
They think they have it all figured out and they're still years behind on the technology!
They think they have it all figured out and they're still years behind on the technology!Coloredcoins reference complete
They were pretty mind blown but they've totally glossed over it now! Damn it. Charlie, tell them about decentralized exchanges!!!!
Edit: Oh man, why oh why didn't he tell them that cryptocurrencies could represent fiat currencies! They'd have exploded!
Bring back panel 1!
Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology!
They think they have it all figured out and they're still years behind on the technology!... as if by magic ...
Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology!
They think they have it all figured out and they're still years behind on the technology!Coloredcoins reference complete
Shit, done carbon'd to hard ya'll
bitstamp has gone down by ten since these chicks started talking ....
By jove I think she has got it!
A shame the awkward silence in the room made it seem like nobody else did
A shame the awkward silence in the room made it seem like nobody else did
Actually she raises a good point that a lot of muggles don't get about the distinction between the private key and the coins stored at its corresponding address. Me sending you coins via the network is technically (and probably legally) distinct from me giving you a private key. This distinction is something regulators need to grok fully before they can do their job.
It is an interesting situation. If there is an identity attached to the private key, it is like giving someone the password to your online banking account. If there is no identity attached to the private key then it is similar to an off-chain transaction. Ultimately there is some interesting money laundering potential with trading private keys.
In the midst of the sale, the world explodes. WHERE IS MY DOLLARS HUH?
"in the midst of the sale, the cryptotransmission goes down"
cryptocompany*
made me laugh
"in the midst of the sale, the cryptotransmission goes down"
Who cares about cooptus nonsense? Is this a longest informercial on gov airways or what?
For anyone interested, it's Coeptis that the lawyer was talking about. I had to Google it to find some info on it.
http://www.coeptis.com
http://www.ft.com/cms/s/0/f7488616-561a-11e3-96f5-00144feabdc0.html#axzz2riztTRxv
It's interesting, as I remember the whole e-Gold fiasco and how the US Government eventually shut it down. Not sure if Douglas Jackson still has enough clout to resurrect something like this. Why would we trust something like this again?
http://en.wikipedia.org/wiki/E-gold
She actually thinks the only way people trade/transact Bitcoins is by trading private keys? Oh wow. 
"are they transferring the cryptocurrencies, or just the private keys?"
Actually she raises a good point that a lot of muggles don't get about the distinction between the private key and the coins stored at its corresponding address. Me sending you coins via the network is technically (and probably legally) distinct from me giving you a private key. This distinction is something regulators need to grok fully before they can do their job.
Someone should walk in and blow all of their minds by talking about trading Colored Coins (particularly one's that represent fiat currencies) on a decentralized exchange! They think they have it all figured out and they're still years behind on the technology!
They think they have it all figured out and they're still years behind on the technology!
so much of this is about setting up a nanny state to protect us from what we are already doing ...
She actually thinks the only way people trade/transact Bitcoins is by trading private keys? Oh wow.
I like how coblee said the USG should mine to prevent a 51% attack
Who said they already don't do that. Notice the steeply rising "unknown" pool %. Unknown=US, china, etc.?
she is getting out there ... a lock box for your cryptocurrency ...
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