Very disappointing to see so many uninformed replies in this thread. We should welcome anything that can allow decentralization of exchanges, a fiat or gold backed blockchain is definitively one step in the right direction. The issuer needs to be able to deal with the regulatory challenges and that's no small hurdle to overcome, but if it can be done, this could be amazing.
If given the choice between holding a decentralized but centralized backed currency versus a centralized and centralized backed currency I'd likely go with the former. Imagine if victims of mtgox could trade their goxUSD/goxBTC now? Or what if the holders of gold in e-gold could trade it? Perhaps you don't want to wait for 5 years to get your gold back and rather sell it off to someone who is willing to for a discount?
It's not fully decentralized since you must trust the issuer (and more importantly be aware of the government and their intentions), but it's one step in that direction as you now have full control of the token, while previously it would be stuck in your account on some website. Most importantly you can't run a decentralized exchanges with paypal/bank/pm like you can with a blockchain.
There is another advantage: It minimize the likelihood of failure when the only job of the entity is to secure and distribute the funds, versus also running an exchange and/or payment provider at the same time.
Wasn't someone doing this for gold? I seem to recall that. I'd love to see fully backed gold blockchain. The problem the issuer have is how to be left alone (from government thieves). Is there a place on earth where setting up this will work long-term? Perhaps not, but both e-gold and liberty reserve did last for many years. In 5-10 years bitcoin may very well be so widely accepted that there is no longer a big need for it.
I'm watching this.
Topic: Please stop turning into morons just because you see "Brock Pierce" somewhere - page 3. (Read 7887 times)
July 11, 2014, 06:47:36 PM
July 11, 2014, 05:41:27 PM
Brock is no longer listed as a board member on the mastercoin foundation's website. Circumstances of his removal are hush hush.
http://mastercoinfoundation.org/#board
http://mastercoinfoundation.org/#board
July 11, 2014, 04:25:39 PM
BEWARE of RocketSingh's sig !
https://www.virustotal.com/en/url/83308ba7ae85834568f239d7e27531ad4301d67c395c15541cfa5f053ad81a34/analysis/1405111866/
edit
Coinlearn is clean..
https://www.virustotal.com/en/url/589e20ed6f41634f767c9a37c79de85d990ad4d470c3e93c69a74d753f1be12e/analysis/1405112026/
https://www.virustotal.com/en/url/83308ba7ae85834568f239d7e27531ad4301d67c395c15541cfa5f053ad81a34/analysis/1405111866/
edit
Coinlearn is clean..
https://www.virustotal.com/en/url/589e20ed6f41634f767c9a37c79de85d990ad4d470c3e93c69a74d753f1be12e/analysis/1405112026/
I'm not sure what u r talking about !!! What is wrong with a CoinLearn.org referral link with goo.gl URL shortener ?
July 11, 2014, 03:52:04 PM
July 11, 2014, 03:32:08 PM
wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
Wow. Do you even know who Dmitry is? Don't forget, we are all real people here. Before you go about being much ruder to someone online than you would be in real life, think about who you're talking to. Otherwise, you are just going to end up looking uninformed...as in this thread.
Anyhow, Rassah -- I didn't connect the dots between decentralized exchange and this Brock backed venture. You make a great observation. Very good news for Bitcoin indeed.
I dont know who is Dmitry ? Care to share more info ?
July 11, 2014, 03:16:07 PM
I don't get why people are upset ?!! here is the definition of realcoin:
it means 1 USD = 1 Realcoin fixed, all I understand is that this realcoin will make it easier for third party exchanges or decentralized ones or services that rely on the dollar value at a given moment, and it can be redeemed back to Dollars at any given moment.
I think this is cool to be honest, it is not an altcoin at all.
Quote
Realcoin eliminates the volatility concern of Bitcoin by being backed by the dollar. It is a one-to-to redemption for each Realcoin in circulation. Utilize Realcoins just like Bitcoin or any other digital currency, but know that it can forever be redeemed for the dollar that originally created it.
Realcoin will be completely transparent, safe, secure and insured. Every dollar that is held in our reserve will be represented by one coin in circulation and can be redeemed at any time.
Realcoin will be completely transparent, safe, secure and insured. Every dollar that is held in our reserve will be represented by one coin in circulation and can be redeemed at any time.
it means 1 USD = 1 Realcoin fixed, all I understand is that this realcoin will make it easier for third party exchanges or decentralized ones or services that rely on the dollar value at a given moment, and it can be redeemed back to Dollars at any given moment.
I think this is cool to be honest, it is not an altcoin at all.
U mad? Or are u suffering from multiple personality disorder?
NEVER FORGET! https://en.wikipedia.org/wiki/Digital_Entertainment_Network
July 11, 2014, 02:52:37 PM
I don't get why people are upset ?!! here is the definition of realcoin:
it means 1 USD = 1 Realcoin fixed, all I understand is that this realcoin will make it easier for third party exchanges or decentralized ones or services that rely on the dollar value at a given moment, and it can be redeemed back to Dollars at any given moment.
I think this is cool to be honest, it is not an altcoin at all.
Quote
Realcoin eliminates the volatility concern of Bitcoin by being backed by the dollar. It is a one-to-to redemption for each Realcoin in circulation. Utilize Realcoins just like Bitcoin or any other digital currency, but know that it can forever be redeemed for the dollar that originally created it.
Realcoin will be completely transparent, safe, secure and insured. Every dollar that is held in our reserve will be represented by one coin in circulation and can be redeemed at any time.
Realcoin will be completely transparent, safe, secure and insured. Every dollar that is held in our reserve will be represented by one coin in circulation and can be redeemed at any time.
it means 1 USD = 1 Realcoin fixed, all I understand is that this realcoin will make it easier for third party exchanges or decentralized ones or services that rely on the dollar value at a given moment, and it can be redeemed back to Dollars at any given moment.
I think this is cool to be honest, it is not an altcoin at all.
July 11, 2014, 02:18:46 PM
Was Brock Pierce the guy who bought a Furry painted coffee table with an erect penis? Or was that Rassah?
July 11, 2014, 10:35:39 AM
serious question... who or what is Brock Pierce ?
Used to be a child actor for Disney movies. Played the young version of the coach in Mighty Ducks, among other movies. Mostly crappy ones. Disney, being Disney, paid him in residual profits, which, for Disney, is always $0. Then he worked with (or helped found?) a company that worked with game vitual currency in some fashion. I think they had people mine WoW gold or somesuch (I really need to read up on this). The company made them tons of money, they had some crazy parties in Cali, and some guy wo attended those parties later accused Brock's roommate, or landlord, or something, of sexual harassment. Then they tacked Brock to the suit as well. Eventually the whole thing was settled out of court without any convictions. Allegedly the same guy who accused them is going after some other wealthy actors now, with the same accusations, so there's counter-accusations that the accuser just just sues wealthy people for money or something. Since then Brock has been involved in practically everything related to Bitcoin, and has invested a whole ton of money into existing businesses and startups, apparently many of them privately (in secret). Now he has a ton of really really high level connections in businesses (and sometimes politics) all around the world, a ton of investment and interest in all things bitcoin, and a ton of money to make his life interesting. The main thing I remember hearing from Brock is that he likes chaos, and will even invest in things that are directly competing with his own businesses and ideas, even if it means he will lose money on them, just to see which idea/business will be better and win out. That and that he believes Bitcoin is his main priority and the best investment out there, supposedly not even allowing wealthy investors who want to invest in his own bitcoin businesses to invest until they buy bitcoin itself, telling them that they won't find anything better than just bitcoin, and that they better own and understand bitcoin before dropping money on any related businesses.
Brock Pierce is probably a nice guy, but Real Coin is a stupid idea. It's like improving email by sending paper letters via the postal service. Cryptocurrencies are a step beyond fiat currencies. They are a new technology that allows us to leave fiat behind and their central authority and government elitist controllers with it. Real coin is dependent on fiat, and thus dependent on the Federal Reserve, which is a step backwards from all other crypto currencies and all in an attempt to resolve the problem of volatility. The means counteract the end. Real coin will become as worthless as the dollar will. Bitcoins volatility will level out eventually as it becomes widely accepted. Patience is the solution to Bitcoin's volatility, not real coin.
July 11, 2014, 09:56:11 AM
For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage
Posts: 21320
Activity: 1106
Position: Hero Member
Date Registered: June 16, 2011, 03:38:53 PM
Last Active: June 17, 2014, 06:38:34 PM
Did they silence him ?
Hopefully he's working on his own coin:
https://bitcointalksearch.org/topic/m.7365523
That also happens to be his last known post.
@ all
Considering the chain of events and revelations leading up to this, why was BP so concerned about Phin's lost BTC ?
http://thecoinfront.com/400-btc-bounty-posted-coins-stolen-in-instawallet-hack/
Quote
As a result, Brock Pierce suggested that Bruno Kucinskas, who had 1,132 BTC stolen in April 2013, post a bounty for his stolen coins.
July 11, 2014, 05:19:53 AM
For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage
Posts: 21320
Activity: 1106
Position: Hero Member
Date Registered: June 16, 2011, 03:38:53 PM
Last Active: June 17, 2014, 06:38:34 PM
Did they silence him ?
July 11, 2014, 04:41:11 AM
If I am a main member of the Bitcoin Foundation and I back a Alt coin {RealCoin} am I not in breach of contract?
Or are all bitcoin protocol copy cats, seen as bitcoin?
What positive results would bitcoin show, when RealCoin are accepted as the de facto crypto currency?
Let's not just throw out the baby with the bath water, if it means, that it "Bitcoin" as a protocol, could benefit from this.
Question : Would RealCoin still be a decentralized currency? How will it be linked to the blockchain?
Or are all bitcoin protocol copy cats, seen as bitcoin?
What positive results would bitcoin show, when RealCoin are accepted as the de facto crypto currency?
Let's not just throw out the baby with the bath water, if it means, that it "Bitcoin" as a protocol, could benefit from this.
Question : Would RealCoin still be a decentralized currency? How will it be linked to the blockchain?
July 11, 2014, 01:40:56 AM
Quote
Realcoin will maintain a real-time record of all USD reserves that will be held in “conservative investments” and the full record will be authenticated by the block chain.
I have nothing else to add.
July 11, 2014, 01:09:01 AM
For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage
Posts: 21320
Activity: 1106
Position: Hero Member
Date Registered: June 16, 2011, 03:38:53 PM
Last Active: June 17, 2014, 06:38:34 PM
Did they silence him ?
Hopefully he's working on his own coin:
https://bitcointalksearch.org/topic/m.7365523
July 11, 2014, 12:29:54 AM
For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage
Posts: 21320
Activity: 1106
Position: Hero Member
Date Registered: June 16, 2011, 03:38:53 PM
Last Active: June 17, 2014, 06:38:34 PM
Did they silence him ?
I also want to know, did he get banned or something?
July 11, 2014, 12:02:07 AM
For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage
Posts: 21320
Activity: 1106
Position: Hero Member
Date Registered: June 16, 2011, 03:38:53 PM
Last Active: June 17, 2014, 06:38:34 PM
Did they silence him ?
July 10, 2014, 08:18:30 PM
wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
Wow. Do you even know who Dmitry is? Don't forget, we are all real people here. Before you go about being much ruder to someone online than you would be in real life, think about who you're talking to. Otherwise, you are just going to end up looking uninformed...as in this thread.
Anyhow, Rassah -- I didn't connect the dots between decentralized exchange and this Brock backed venture. You make a great observation. Very good news for Bitcoin indeed.
Say a BF member..... why i'm not surprised.
In the OP, he drools about decentralised exchange while talking about a complete centralized IOU which exposed to power corruption.
Having extra transparency does nothing if its still at the mercy of whoever control/issue the IOUs. Lets say Brock decides that your Realcoins arent "clean" and tell you to suck his dick....
Bitcoin doesnt need a fiat-IOU. Infact this doesnt solve exchange centralization at all. The problem is regulation. Exchange USD or dollars or fiat directly with bitcoin means all the regulatory laws are already clear and set.
July 10, 2014, 08:06:13 PM
what Brock Pierce looks like in my head:
what Brock Pierce actually looks like:
what Brock Pierce actually looks like:
July 10, 2014, 08:00:08 PM
wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
Wow. Do you even know who Dmitry is? Don't forget, we are all real people here. Before you go about being much ruder to someone online than you would be in real life, think about who you're talking to. Otherwise, you are just going to end up looking uninformed...as in this thread.
Anyhow, Rassah -- I didn't connect the dots between decentralized exchange and this Brock backed venture. You make a great observation. Very good news for Bitcoin indeed.
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