Wall Observer - MtGoxUSD wall movement tracker - page 757.

01BTC10

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Quote from: adamstgBit on January 26, 2013, 03:07:46 PM

Quote from: thoughtfan on January 26, 2013, 03:00:57 PM

Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account. If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange. Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain. The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made. It would require a substantial amount of trust but I sort-of see that as potentially working.

p2p exchange that requires no trust, might be possible for BTC/LTC or any other crypto currency

and their is SOME chance of making it work with fiat using the Mint Chip.

but please move this nonsense into another thread, some of us have some serious trolling to do if we are to bring down the price using only words Grin

Okay

thoughtfan

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Quote from: 01BTC10 on January 26, 2013, 03:05:07 PM

Quote from: thoughtfan on January 26, 2013, 03:00:57 PM

Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account. If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange. Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain. The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made. It would require a substantial amount of trust but I sort-of see that as potentially working.

Yes something like this but as you said the main problem is trust. Fiat transaction are reversible.

If it were from the bank's perspective just a personal payment and the bank had no idea what the transaction is about how would the scammer go about telling the bank it ought be reversed? It's not like a credit card transaction with warranties etc. built in.

adamstgBit

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Quote from: thoughtfan on January 26, 2013, 03:00:57 PM

Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account. If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange. Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain. The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made. It would require a substantial amount of trust but I sort-of see that as potentially working.

p2p exchange that requires no trust, might be possible for BTC/LTC or any other crypto currency

and their is SOME chance of making it work with fiat using the Mint Chip.

but please move this nonsense into another thread, some of us have some serious trolling to do if we are to bring down the price using only words Grin

01BTC10

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Quote from: thoughtfan on January 26, 2013, 03:00:57 PM

Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account. If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange. Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain. The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made. It would require a substantial amount of trust but I sort-of see that as potentially working.

Yes something like this but as you said the main problem is trust. Fiat transaction are reversible.

thoughtfan

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Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account. If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange. Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain. The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made. All the banks see are free personal transactions between bank accounts and need have no idea what it was for

It would require a substantial amount of trust but I sort-of see that as potentially working.

adamstgBit

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Quote from: ?? on ??

Quote from: adamstgBit on January 26, 2013, 02:49:21 PM

Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2013, 02:31:39 PM

Quote from: adamstgBit on January 26, 2013, 02:29:43 PM

dump alert! Cheesy

huh?

What Adam is trying to convey is that he is about to start dumping random pictures of bulls and bears in his thread again. Bull or bear depends on which way the wind is blowing in Canada today.

ok fine I'll stop posting alerts, your on your own, now be a good little bull and buy.

I don't trade, I'm only here for the LoLz. Wink

me too, i just like being right, and being a hotdog about it.

adamstgBit

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i kid you bulls

I'm just saying is that 17.20 is not going to break (as pitiful as that wall is) and b4 you know it we'll be talking 16.xx

adamstgBit

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Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2013, 02:31:39 PM

Quote from: adamstgBit on January 26, 2013, 02:29:43 PM

dump alert! Cheesy

huh?

What Adam is trying to convey is that he is about to start dumping random pictures of bulls and bears in his thread again. Bull or bear depends on which way the wind is blowing in Canada today.

ok fine I'll stop posting alerts, your on your own, now be a good little bull and buy.

cypherdoc

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Quote from: adamstgBit on January 26, 2013, 02:29:43 PM

dump alert! Cheesy

huh?

adamstgBit

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dump alert! Cheesy

S3052

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Quote from: jl2012 on January 26, 2013, 01:41:36 PM

Quote from: World on January 26, 2013, 01:06:47 PM

Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

Could be coincidence. The first one happened when Pirate declared the close of BTCST

why west coast US timezone? bitcoin trading is global and at that time, there are more regions who can trade bitcoins

Beta-coiner1

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Purely speculation on my part,but I think with the current price hovering at so high an average the next price spike could very likely be over 20 for a high!

jl2012

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Quote from: World on January 26, 2013, 01:06:47 PM

Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

Could be coincidence. The first one happened when Pirate declared the close of BTCST

cypherdoc

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Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

Quote from: cypherdoc on January 26, 2013, 11:54:11 AM

Quote from: 01BTC10 on January 26, 2013, 11:48:55 AM

Quote from: cypherdoc on January 26, 2013, 11:25:52 AM

Quote from: 01BTC10 on January 26, 2013, 06:47:09 AM

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is. i've got my connection down to 7h via wire exchanges. and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire? b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

well, it sounds like Bitcoin Central is the closest we have at the moment.

cypherdoc

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for those of you who haven't seen it yet, i just watched this on my tv On Demand: http://wearelegionthedocumentary.com/

was very well done and i think you would enjoy it.

World

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Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

ElectricMucus

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Marketing manager - GO MP

Quote from: 01BTC10 on January 26, 2013, 11:58:33 AM

Quote from: cypherdoc on January 26, 2013, 11:54:11 AM

Quote from: 01BTC10 on January 26, 2013, 11:48:55 AM

Quote from: cypherdoc on January 26, 2013, 11:25:52 AM

Quote from: 01BTC10 on January 26, 2013, 06:47:09 AM

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is. i've got my connection down to 7h via wire exchanges. and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire? b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

hear, hear
Yes, bottom-up wot style like ripple. But good luck convincing the statists in here.

01BTC10

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Quote from: cypherdoc on January 26, 2013, 11:54:11 AM

Quote from: 01BTC10 on January 26, 2013, 11:48:55 AM

Quote from: cypherdoc on January 26, 2013, 11:25:52 AM

Quote from: 01BTC10 on January 26, 2013, 06:47:09 AM

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is. i've got my connection down to 7h via wire exchanges. and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire? b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

cypherdoc

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Quote from: 01BTC10 on January 26, 2013, 11:48:55 AM

Quote from: cypherdoc on January 26, 2013, 11:25:52 AM

Quote from: 01BTC10 on January 26, 2013, 06:47:09 AM

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is. i've got my connection down to 7h via wire exchanges. and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire? b/c that would depend on the banks.

cypherdoc

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Quote from: oakpacific on January 26, 2013, 11:43:53 AM

Quote from: Spaceman_Spiff on January 26, 2013, 11:31:41 AM

Quote from: Hexadecibel on January 26, 2013, 11:22:55 AM

Quote from: Spaceman_Spiff on January 26, 2013, 11:17:48 AM

To be honest, I think proudhon is a nice bear. From what I have seen he just states his beliefs in a respectful way.

he says the same tired dirbble he's been spouting for over a year.

I know, but if bitcoin had been going down for the last year, we would be saying "its gonna go back up" too, no?

He set all kinds of targets, confidently. And when they all get broken, he still repeated the same thing, and sometimes he was a bit like"whatever I am seeing now, it is gonna collapse next minute". Which is quite a bit weird for me.

whats weird is that he keeps showing up here. i used to think he was a bull in hiding but no, he really is a permabear. even ElectricMucus is starting to come around. proudhon, not.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 757. (Read 1811605 times)