446700+ entries in 0.173s
mircea_popescu: other points are that the complexity of implementation might perversely make the exchange more attack-worthy (as in, more code that could maybe be fucked up ?)
mircea_popescu: i can see the argument for using that model anyway, but it would be a catastrophic departure from the current model, so nothing i'd entertain lightly.
mircea_popescu: in the m/n scheme money could be followed through the actual transactions, exposing everyone.
mircea_popescu: the problem of tracing is essential tho. currently money going in/out of mpex is not associable with any user
mircea_popescu: i doubt the exchange's trustworthyness can ever exceed mine. in this sense it would increase it from 100% to 100%, so it's a moot point.
mircea_popescu: the main disadvantage is that a scheme like that makes all transactions traceable.
mircea_popescu: i;ve considered it, but it seems like a lot of trouble for very dubious benefits.
mircea_popescu: all the while, inaba is explaining why the nebulous conflartion of gpg, wot and everything else in his head is "marginal"
mircea_popescu: suddenly we comprehend why trade receipts are suck fucking important pieces of info
mircea_popescu: just re-visiting the popular delusions and madness of crowds book
mircea_popescu: "Of all the offspring of Time, Error is the most ancient, and is so old and familiar an acquaintance, that Truth, when discovered, comes upon most of us like an intruder, and meets the intruder's welcome."
mircea_popescu: there's a few businesses and business models that actually make btc revenue.
mircea_popescu: there's not that many actual ways to make money that are in btc.
mircea_popescu: personally, i'm looking forward to youtube vids with patrick homeless under a bridge in a few years.
mircea_popescu: "i did so place an order!" "no you did not!!!" is bs. show me your signed receipt ?
mircea_popescu: <jurov> so they did not figure out to this moment whether you did place an order or not? << this is exactly why the website model does not work too well for exchanges
mircea_popescu: <BTCHero> funny thing is, he paid me more than I originally gave him before he quit paying <<< omg clawback
mircea_popescu: Use your brain and third-party reputation services to determine who to trust. Do not rely on the forum itself. The forum staff doesn't spend much time on scam accusations, so the forum does a very poor job of keeping up with scammers. A for-profit company should deal with this stuff. Or at least a non-profit organization of people who are actually interested in spending a lot of time to fight scams (unlike me).
mircea_popescu: possibly the last thing those people expect to find in their inbox as they go to work monday.
mircea_popescu: "bitcoin police" heh. why not "bitcoin canadian mounties"
mircea_popescu: smickles aren't you sorry you didn't buy all those btc at 10.02 nao :p
mircea_popescu: well this went well. time to talk to his professional authority nao.
mircea_popescu: new hampshire population dropping at accelerating rate as millions unable to live free die.
mircea_popescu: so you can fill an office up with confused twenty somethings that can't do math too well.
mircea_popescu: yeah, cause in general it's a pretty decent pickup line