Topic: Reggie Middleton builds Zero Trust Digital Currency Contracts on Blockchain (Read 5073 times)

The people who say they have tried it, say it works well enough. They say the UI could be improved, and more liquidity needs to be in play, but generally, the concept seems sound. Seems a cool way to use bitcoin, to expose yourself to stocks/commodities/forex, in a trustless way. 

  http://veritaseum.com/

so is anyone testing this out?

will never understand why people ponder endlessly what others might be up to instead of getting into action for themselves. get into multisig transactions and start to rule the world. it's going to be fun. and never forget transactions can also make sense a lot of time to be offline, too ...

Zerocoin?

The major difference between Reggie's system and Disastercoin/MSC is that Reggie knows what he's doing, has a track record, and isn't trying to game the blockchain and its miners.

Good job Reggie, glad to see a real competitor step up and take the lead from the squabbling coder-fiefdoms present on these forums.

Reggie, I don't know whom you were quoting from the 'con artist' claim; I'd like to dissociate myself from such a claim, since I do not think you are a con artist. However, I do have serious reservations about your claims, especially since the quality of your work is so often hidden behind the extremely one-sided nature of your hype and self-promotion.

For starters, how are Ultra Coin contracts enforceable? What are the various ways one may renege on a contract, or even abuse the system outright, and how does Ultra Coin mitigate such risks? Segue that with the zero-trust/centralization conflict.

In what way is Ultra Coin dependent upon you personally and the company behind Ultra Coin? Similarly, how is your company—and thus Ultra Coin—dependent upon the financial/monetary laws of the jurisdiction in which it is domiciled?

Would you contrast the differences between Ultra Coin and other Bitcoin derivatives like MasterCoin or the Ripple system, and how Ultra Coin is superior? I frankly invite developers and VCs to make something better than the derivatives that currently populate the BTC ecosystem.

Inevitably, you'll also have to explain in greater detail the technical side of Ultra Coin, which may be a question best posed to your programmers.

Lastly, is Ultra Coin open source?

I could go on, but I'm sure you understand where I'm going with my line of questioning. More questions later, perhaps.
Thank you. I appreciate your candor. 

With a wide open, public and relatively successful track record, what in the world would possess you to say such a thing? Care to put some facts behind your opinion? I don't take kindly to those who attempt to unduly tarnish my reputation.
Here are some facts to back up the statements. For those who don't know me, here are some recent calls and my Wikipedia page:
http://www.boombustblog.com/reggie-in-the-news
http://en.wikipedia.org/wiki/Reggie_Middleton
http://www.boombustblog.com/blog/item/6222-deconstructing-the-most-accurate-apple-analysis-ever-made-share-price-market-share-strategy-and-all

http://www.youtube.com/watch?v=g-JQt9Jpw7w

This is the type of financial acumen that I'm bringing to Bitcoin derivatives, see http://ultra-coin.com/index.php/fund/discover/21-software-developement/1-ultracoin-the-future-of-money. I've been lurking in the shadows of these bitcoin forums for a while and I've been meaning to correct you and your friend, but never got around to it until now.

For the record, the client will be given away for free to all to use, it will not be sold. I'm here to answer questions, or better yet serious questions  can be posted on the Ultra-coin.com site where I will be sure to get them.

How do you come to the conclusion that it's gambling? It can just as easily be called investing, hedging, speculation... Or if this is gambling then buying BTC directly in exchange for fiat is gambling as well, no?

+1 and to the point.

I've been aware of Reggie's 'work' for many years, and it mainly consists of trifling ideas wrapped in many layers of hype.

I don't know anything about this particular project of his, but I remain incredulous until he presents details.

Bottom dollar bet: it's something that's been discussed ad nauseam on this forum.

Reggie Middleton posts a lot of articles on ZeroHedge.  From what I can tell most of the stuff he posts is either way over my head or nonsense; I haven't figured out which yet.  His target market/audience is the doomers/preppers/anti-gov/goldbug scene.

Lately he's jumped on the crypto currency bandwagon. It seems like he's developed his own alt-coin called UltraCoin.  He pitches it alongside with Bitcoin trying to drum up support for it at ZH.

A lot of the ZH'ers are NOT buying it.  There's a lot of Ponzi/Tulipbulb/Beanie-Baby/NSA-Invented-It talk over there.

 counterparty protocoll will be updated on friday allowing derivatives

protocoll is still buggy but running

https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761

i want a CALL with a bitcoin strike price of 500.  BRING IT!!!

So if I understand correctly: Essentially users are making bets against one another (or more accurately, entering into zero trust financial contracts). If I bet that the price of BTC will fall against the dollar, I have effectively hedged into USD because at the time that the contract expires, I get back the same USD amount in BTC as I had when I entered into the contract, i.e. if price drops I get back more coins whereas if it climbs I get back less. This means that you never have to actually trade BTC for USD or whatever else you might want to gain exposure to, and yet you are still able to hedge the value of your coins against, well, anything.

I really hope this works.

actually I think kickstarter banned the project so he is crowdfunding it through the ultra coin website.

@reggiemiddleton UltraCoin: The Future of Money! was rejected by Kickstarter so I configured it to compete against them@2/3rds price 

http://ultra-coin.com/index.php/fund/crowdfunding/21-software-developement/1-ultracoin-the-future-of-money

Reggie started rising money for this project:
https://www.kickstarter.com/projects/1099845630/1908258569?token=96e15a8c

Looks more and more real to me.
I'll keep my eyes one it. I'd like to see it becomming reality.

And you're more likely to be a < unsubstantiated attribute > too. Man, these forums have gone downhill.

At least Reggie isn't asking you to send your BTC to an "exodus address" so he can split it up with his "board members" and control the peg of his contracts with a flawed escrow scheme.

But you lap THAT up, because - OMG whitepaper.

Just truly an exercise in crowd psychology, isn't it? Programmer == shining hero, Wall Street Analyst == evil incarnate (With zero proof, of course.)

Yeah but Reggie is more likely a con artist than anything.

Yes -- Reggie does his homework.  I'm thrilled to see him see Bitcoin's potential, and possibly take Bitcoin further in ways other's haven't yet done.

BBB has made some solid calls in the past, so I think that given his track record of publishing financial info early and sometimes against the crowd (FB, Ireland, Apple, Google etc) this deserves a chance. Obviously subscribers get early access and this is partly a ploy to attract them, but don't be so quick to shoot it down.

http://vimeo.com/4590203