1004400+ entries in 0.781s
gribble: Best bid: 11.86396, Best ask: 11.9897, Bid-ask spread: 0.12574, Last
trade: 11.86396, 24 hour volume: 26620, 24 hour low: 11.43, 24 hour high: 11.9899
smickles: what do you use
to find out an unknown local ip?
dub: but really,
the 80s calledplease return
their retarded
tools
smickles: i just
tried
to use
the command "ifcoinfig"
smickles: oh no, bitcoin has
taken over my mind
mircea_popescu: Mithridates married his first young sister Laodice. Laodice was 16 years old and was her brother’s first wife. Mithridates married Laodice
to preserve
the purity of
their blood-line, as a wife
to rule with him as a sovereign over Pontus,
to ensure
the succession
to his legitimate children, and
to claim his right as a ruling monarch.
smickles: "I fail
to faglow" wise words from mircea_popescu
mircea_popescu: "There's less chance of getting in any
trouble with
the U.S. government and
there's also less chance of getting shot by a
terrorist"
noagendamarket: if you
try
to
tell
the cops you have no citizenship
they still
tazer you :P
noagendamarket: I wonder why you cant renounce citizenshipo while youre still in
the country
mircea_popescu: Luke-Jr do you know of
that guy
that renounced us citizenship
to be able
to do cryptography in peace ?
Luke-Jr: ok, I guess you just kicked all
the developers out of
the bitcoin project…
rdponticelli: People with families are already on
the dead end
mircea_popescu: especially not if
they're going
to whine about
their families
then.
mircea_popescu: people with families have no business dicking around
the fronteer.
mircea_popescu: ikr ? less bitches rubbing into me while im
trying
to
type, more predictable schedule...
mircea_popescu: people keep whining about jail ? fuck it, i see little problem in going
to jail for bitcoin. i'm a bitcoin patriot.
BTC-Mining: I don't see sending a fee with
those zero value coins as a problem at all
BTC-Mining: Well we already pay fees
to
trade shares on exchanges like MPEx or defunct GLBSE
Luke-Jr: Eligius will charge more
than ordinary for a zero-value coin
BTC-Mining: Well
technically, miners accept
transactions with
their set minimum fee, so shouldn't having a big enough fee along
the zero value coins work?
Luke-Jr: I don't
think any miners accept 0-value coins without a fee right now
BTC-Mining: So basically anyone could create as much 0 value coins and mark
them.
BTC-Mining: Wow... wasn't aware
that was even possible
Luke-Jr: Bitcoin does not have rule
that coins must have a positive value
Luke-Jr: BTC-Mining:
the coloured coins are 0 value
BTC-Mining: So it would really be like dividends spread
to every other bitcoin holder.
BTC-Mining: Well no really, any blackholed dividends going
to
those shares would reduce circulating Bitcoins, raising value of remaining Bitcoins.
BTC-Mining: Although I guess we could consider
that a share donated
to
the whole bitcoin economy at large...
BTC-Mining: There's
technically no limit
to how much we could further allow it
to be split.
mircea_popescu: there are no more
than 21`000`000`0000`0000 bitcoin units.
BTC-Mining: Yes, but with bitcoins being divisible indefinitly and being a deflationary currency, wouldn't you run into
the risk a colored coin becoming more valuable
than
the underlying asset or being colored multiple
time?
Luke-Jr: imagine a day where cars check
the blockchain
to validate
the key opening
them :P
BTC-Mining: Well
that would be a huge plus in favor of keeping everything on
the same blockchain
Luke-Jr: there's a single
transaction
that
transfers
the payment (in Bitcoins) and also
transfers
the stocks
BTC-Mining: Wait, if someone never gives
the share? You mean like an exchange of colored coins/bitcoins being preauthorized so
the exchange is made
together safely?
mircea_popescu: so prolly
this idea is no good simply on
the grounds
that it has nop way
to guarantee it.
Luke-Jr: BTC-Mining: Bitcoin-Qt 0.7 added a raw
transaction API just for
things like
this
Luke-Jr: BTC-Mining: and if he never gives
the shares over?
BTC-Mining: Aye, but having
to isolate colored coins in
the Bitcoin blockchain and provide a mechanism
to not spend
them yet receive Bitcoins directly on
the same address seems unpractical.
BTC-Mining: the address holding
the sharecoin gets paid
the bitcoins
Luke-Jr: BTC-Mining:
the way
they're doing it, a single
transaction changes ownership of
the stock and also remits
the payment for it
BTC-Mining: Luke-Jr, by having both
the sharecoins and bitcoins sharing
the same address space
BTC-Mining: Why does it has
to use
the Bitcoin blockchain?
mircea_popescu: can you get a little over
the procedural issues and just discuss on
the merits ?
mircea_popescu: whoever wants
to issue shares has
to buy
the blanks from a miner
that has
them blank
mircea_popescu: so proposed is a paralel blockchain which can be mergedmined with btc and shares
the same address space (ie, same key signatures as btc addresses)
mircea_popescu: and
there's no reward reduction, you just keep getting 1 bn new coins each block
BTC-Mining: as such,
to issue shares, an asset manager would have
to buy blank coins from a miner
BTC-Mining: I suppose
the blockchain could support permanent
tainting of coins by
the current holders if signed by
the holder's address
mircea_popescu: maybe fixed btc payment per block could work, if
the entire
thing is administered by some sort of central authority like a professional association of
the stock exchanges
BTC-Mining: mircea_popescu... eh... would have
to
think about
that.
matthewh3: then all we need is a p2p way
to
trade coloured coins for normal coin
cellofellow: 1 coder-size jobs don't usually need much funding, but bigger ones would need
to be, so once your ideas are somewhat concrete, you know what
to do I guess.
mircea_popescu: something like, 1 share of each
type existant per block mined ?
mircea_popescu: cellofellow
tbh
this would be a huge effort, nothing for 1 person. we're still playing around
the outskirts of specifying it yet anyway.
BTC-Mining: another blockchain using
the same address space
BTC-Mining: matthewh, no colored bitcoins. I don't like
the idea of mixing bitcoins with shares.
matthewh3: using coloured coins
to prove ownership and pay dividends
BTC-Mining: that's what we need. I'm pretty sure
the sharecoin concept was already proposed however.
mircea_popescu: BTC-Mining actually with a little help
the main client could have a stocks
tab
mircea_popescu: have a 2ndary chain, which a. can be mergedmined with btc ; b. uses identical addressspace
to btc ; has infinite number of coins.
cellofellow: I'm assuming you don't mean a peer
to peer BTC-to-USD exchange? (That'd be cool,
though. Not sure how it'd work
though.)
matthewh3: coloured coins can be
traded at will p2p only at
the moment
the dividend address need changing manually on
trading
them.
BTC-Mining: You just have
two clients watching a different blockchain but using
the same address.
BTC-Mining: You could even use
the same address. Like if you have 1 sharecoin on address xyz, dividends in bitcoins are sent
to bitcoin address xyz