335500+ entries in 2.51s
BTC-Mining: Although I guess we could consider that
a share donated to the whole bitcoin economy at large...
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
Luke-Jr: BTC-Mining: Bitcoin-Qt 0.7 added
a raw transaction API just for things like this
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.
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
dub: might be better with
a 'energy lite' coin like
a PoS
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: this could work as
a support for
a p2p stocks accounting system
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)
BTC-Mining: as such, to issue shares, an asset manager would have to buy blank coins from
a miner
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
matthewh3: then all we need is
a p2p way to trade coloured coins for normal coin
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.
matthewh3: I've already put up
a bounty for continued coloured coins development
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.)
BTC-Mining: You just have two clients watching
a different blockchain but using the same address.
mircea_popescu: rather than put each egg on top of
a traffic light, you might be better off putting all eggs in one basket and watching that basket.
mircea_popescu: there's any number of ways to implement
a p2p exchange, this one's pretty much
a hack.
mircea_popescu: this may be
a good point, but the problems are technical not political atm.
mircea_popescu: now
a guy holding that double colored coin can't get rid of only one of the two
mircea_popescu: BTC-Mining i was just envisaging
a sort of ICANN mess for satoshi-colored property.
BTC-Mining: <mircea_popescu> otherwise i inject shareholders into my new company that have no relation to it (provided they kept their original PPT.
A colored coins)
mircea_popescu: otherwise i inject shareholders into my new company that have no relation to it (provided they kept their original PPT.
A colored coins)
mircea_popescu: suppose PPT.
A issued colored coins, that's some satoshis colored with PPT.
A mircea_popescu: not only that, but here's
a problem : if someone makes 1bn shares of something, this means 1bn satoshi are now out of circulation
mircea_popescu: while this is in principle
a good ideea, the implementation is awful.
BTC-Mining: I mean, you have
a BTC address tied to asset holders, just use that for communication
mircea_popescu: hm. this may not be such
a good ideea with
a live company
mircea_popescu: There are other approaches, and the one I have taken is very simple, but it is
a working solution (primitively duct-taped and glued together).
BTC-Mining: The whole coloured coin and Open-Transaction thing seems like
a mess.
BTC-Mining: the S.MPOE has
a full 1 billion shares right?
mircea_popescu: <Doffx> You have
a chance to make Mpex the best thing out there I just dont think it will happen. <<
mircea_popescu: copumpkin are you one of those otakus that think the janitor always works in
a teenage prison school for girls, mostly cleans underwear off the floor and ends up fucking the entire roster ?
Azelphur: copumpkin: don't forget that you're
a fed too
mircea_popescu: darkee 20 is significant. some people never received anything but we put it down to rounding (which yes, is
a horrible practice but what can you say)
mircea_popescu: darkee
a lot of people have, and many were here reporting being paid.
darkee: anyone else got an glbse email about an hour ago about restored funds w/o having received anything? kinda makes me wonder if I actually fucked up and gave
a wrong btc address for the payout but it's too late to even see which address I put in -.-
BTC-Mining: ... it means... the domain... was crafted by
a blacksmith
mircea_popescu: jurov "polimedia is
a forged domain" ?! wtf does that even mean ?!
Doffx: I'm not explaining that correctly, but she could really help people if she just went about it in
a better way.
Doffx: You have
a chance to make Mpex the best thing out there I just dont think it will happen.
Doffx: I told you dummies it was
a scam is not very educating, " I told you so " In general usually just puts people off and shuts them down completely.
mircea_popescu: this is like saying
a college turning down applicants "loses"
EskimoBob: mircea_popescu: why not educate those retards
a bit?
dub: mircea_popescu: true true, I have
a pm buddy that is currently contracted to
a bank, as CIO
mircea_popescu: i actually think it is irresponsible as
a business practice not to.
Doffx: I think your just seeing
a lot of fallout from Pirate, and now Glbse.
EskimoBob: and that cunt (you in
a derss?) is really bad PR
Doffx: I agree that’s
a stupid argument. People want to have
a voice, and if educated and or kept informed are usually easy to work with.
EskimoBob: mircea_popescu: calling everyone
a retard is more like usagis line of defence or proof of some make believe shit
mircea_popescu: unlike the "i will pay you X from secret sources"
a la obsi.
mircea_popescu: Doffx think about it for
a second. you've made some nice business that actually makes sense, economically.
mod6: and you don't allow any random moron to issue
a security
EskimoBob: "33:56 thestringpuller | EskimoBob: lets take down Usagi rough shim up." - funny :) I think usagi is taking himself down at the moment. Maybe this is his exit "strategy" and he is going to announce how he feels insulted and leaves for good.
A girlish exit lol
copumpkin: not sure it's
a good counterexample
BTC-Mining: That's why you put the smart one on
a computer and the retard as the manager to whip the troop and be loud.
BTC-Mining: Oh, wait... I remember what they say: "Everyone in the US is
a criminal since everything is illegal."
mircea_popescu: jurov actually iirc he made
a fully functional python script that most everyone uses.
copumpkin: cause the NY criminal lawyer is
a brony
pigeons: hmm, could have been me but probably not, i don't remember it. I like the comics
a lot though
mircea_popescu: nah, it ain't. had they the sense to make it
a state it'd have actually been interesting.
pigeons: it's not
a scam if you use bitcoin
rdponticelli: Well, somebody should make
a page with the Scammer's arguments
smickles: heh, got
a good recomendation?