310900+ entries in 2.288s
MJR_: if you choose to send the coins, you are crafting
a transaction
MJR_: the wallet is not
a transaction
MJR_: they charge
a fee for that
MJR_: for
a similar system (there are many) look at kim dotcom's MEGA
MJR_: in effect, they are providing the service of access to your wallet.dat file from anywhere, as well as
a client software that can craft transactions for you, but they do not have the ability to spend your coins
MJR_: it is encrypted using
a passphrase that only you know
MJR_: huh? your wallet.dat file is stored on their server so you can access it from anywhere using
a browser
MJR_: in the same way that if i deposit money in my bank account, they don't store that cash in
a box with my name on it
MJR_:
a "visa card" is not issued by visa...
a bank issues it
MJR_: not to put too fine
a point on it, but visa and mastercard don't actually deal with money at all
MJR_: that process can take
a lot longer than
a day
gribble: MtGox lag is 0 seconds. During this time, light travels 0.0 AU. You could have sent
a bitcoin ... nowhere, really (0 AU).
KRS1: all im sayin is it takes
a bunch of time for
a bitcoin transaction to go through..credit card transactions are as fast as lightning
MJR_: so, if i can attract people to my bank, where i won't keep
a bitcoin to back every bitcoin credit you have in your account...i can do that
truff1es: <MJR_> in fact, eventually
a small portion of all transactions will go to the blockchain>> please elaborate
MJR_: in fact, eventually
a small portion of all transactions will go to the blockchain
ThickAsThieves: paypal introcuding reversable transactions to "verfied" Xcoin accounts would be seen as
a great feature to some
ThickAsThieves: you dont need
a wallet or to understand anything about bitcoin
MJR_: and i agree that paypal accepting bitcoin could be
a good thing
MJR_: basically...decentralized vs centralized (why
a coin controlled by paypal is pointless, and if they don't control it, they are not adding any value)
MJR_: since anyone can start
a mining pool, the best mining pool will win
MJR_: well...since i said it is
a system, which is what you disagreed with, systems are abstract concepts...the current implementation of our economy has some features that are based on
a free market economy
augustocroppo: I think this concept of "free" market is just
a fictional idea...
ThickAsThieves: guys, getting semantic about everything is worse than
a circlejerk
MJR_: that is basically describing
a system
MJR_:
A free market is
a market structure in which the distribution and costs of goods and services, along with the structure and hierarchy between capital and consumer goods, are coordinated by supply and demand unhindered by external regulation or control by government or monopolies
MJR_:
http is
a protocol, i can write
a browser to use that protocol
MJR_: if people don't like the mining pools decisions, they will join
a different one
MJR_: anyway, my point is that
a free market is the most efficient system so far
ThickAsThieves: turns out the bitcoin-anal crew actually are
a little anal
iz: i think your idea of
a "perfect decentralized system" doesn't exist really
iz: can you give any examples of such
a thing existing?
iz: how would you define
a decentralized system that acts like one in your mind then?
iz: just because
a handful of ppl decide something's fate, doesn't mean it can't be
a decentralized system
ThickAsThieves: because there are
a handful of people deciding its fate
ThickAsThieves: the ability for
a party to manipulate it enought to affect all users
MJR_: bitcoin is
a protocol
MJR_: my point is that
a decentralized system can be said to be run by everyone, or no one, same difference
MJR_: i'm
a miner, i think i should get 100 coins for this block
MJR_: they adopted
a protocol that they don't control
MJR_: my point is...paypal won't say "we can create
a customer rewards point system, but let's do it in the most confusing and difficult way as opposed to just creating
a new table in
a database"
MJR_: ThickAsThieves: so if i can have
a bitcoin credit card (which I know they are working on) then why would i choose to use ebaycoins
jborkl: Why would you need
a bitcoin credit card- just use
a phone with NFC or scan to send
MJR_: i'm telling you...if you are saying that the pool of available value is the fees that ebay will not pay credit cards...then they will want
a big piece of that
MJR_: good for them, you made more money, still don't see
a value proposition
MJR_: so what benefit would
a consumer have to say "it's the same price either way, i want to complicate the process of buying something"
MJR_: what benefit would it give me as
a consumer?
MJR_: ThickAsThieves: i agree...but theoretically if they wanted to, it'd be
a waste of time
MJR_: and if they do
a blockchain like system, people will know how many coins they've premined
MJR_: but the fact remains, that if you don't control the system, it probably won't be very profitable for
a company, and if you do control it, bitcoin will remain unique
MJR_: so, either they create
a distributed system they don't control...which means its exactly like bitcoin but 4 years late to the party
MJR_: asciilifeform: well...if they have serious pull, then they will have
a centralized system more than likely...which probably negates bitcoins biggest advantage
mircea_popescu: there's
a controller limit which only allows 2 cards at
a time
mircea_popescu: jborkl it's very hard, this. probably the hardest thing in the world. in the end all science can be reinterpreted as
a desperate and ultimately doomed attempt to read what nature says
MJR_: anyone know how to unsubscribe from
a mt gox channel (socket.io API)
dub: Ilya is an Erlang/Elixir developer with over 12 years experience as
a helpdesk team leader
kakobrekla: "hi i open
a account about one week to trade bit coins, in mt4 plataform, i lost the bit direction to send
a initial deposit please send me again."
mod6: but newbs will prob. get goxxed when the lag-
a-thon continues
KRS-1: I'm
a po man's bitcoina masta
mircea_popescu: kakobrekla it kinda looks like google translate became
a singularity and is now trolling me
jcpham: i'd fund
a bitcoin credit card throuhg intermediaries most likely
jcpham: bitcoin reminds me
a lot of fight club
mircea_popescu: sorta like, why bother installing vi ? just make
a file called vi and that's it, you have vi now
mod6: its like people just wake up, have
a beer, get on the internet and go, "let's bring wall-street to BTC!!!111"
Scrat: ;;eightball does MPOE-PR have
a dick
Scrat: orkaa: I'd like you see you spoof
a tcp handshake
Scrat: jurov: you have
a point there, but this doesn't only apply to ssh
Scrat: orkaa: ssh firewalled to
a single static ip (while dropping all other packets) does not qualify as open to the internet
Scrat: mircea_popescu: everyone will give you
a locked cage, im talking more than that
Scrat: davout: but only
a handful of providers will do that (and you have to colo)