899300+ entries in 0.656s
furuknap: For instance, again not particularly
thought out, bans on shares held by denoted key insiders before or during important events. A deadlock on
trades with
those shares could reverse
the
trade (to be declared
to
the buyer) if breach of whatever happened.
mircea_popescu: what we're looking for is a conceivable problem
they might solve.
furuknap: I don't know,
that's
the point. If I had
the solution, I would
tell you, honestly :-)
furuknap: OK, so here's one problem
that current asset market doesn't solve. Insider
trading or what we consider unethical price manipulation, legal or otherwise. I don't have a solution, but a BTC-based or derived system may bring forth ideas
that could control or somehow reverse illegal actions, as defined by whatever jurisdiction.
mircea_popescu: but sure, in general speaking
the world is not complete so you never know.
furuknap: That's one of
the
things
that fascinate me with cryptocurrencies; it allows us
to explore (and in altcoin land,
test) new ideas for working with values.
furuknap: We may not see
that right now, but none of us saw in 2008 what problems Bitcoin would solve either. Otherwise, we'd be called Satoshi Nakamoto.
furuknap: It would add benefit if it could solve problems
that an asset market has or will get.
mircea_popescu: the objection is
that
this
thing wouldn't actually add any benefit.
furuknap: I'll still argue
that you're stuck,
though, mp. Colored coins in
the BTC blockchain may not work, but nothing prevents an alternate chain,
tailored
to
the needs of an asset market,
to evolve.
Thinking in
terms of what is possible or conceivable now is limiting.
mircea_popescu: that i am not biased, but in a perfect position
to implement it
pgp: I read it - what are you specifically referring
to?
mircea_popescu: you know
this is diosxcussed in
the article you apparently don't want
to read.
fiat500: exchanges have no incentive
to implement
that
pgp: I'm refering
to a idea about moving asset custody. For example, why not have a mechnism "like"
the blockchain
to move ASICM
to whatever exchange you want.
pgp: I did not read
the
trilema article about decentralized exchanges - link?
jurov: so i
think yes
the ownership can and will be
tracked by some blockchain mechanism
jurov: you did read
trilema
treatise on
the decentralized exchanges?
pgp: but
to decentralize
the ledgering of othe assets seems like an intersting application
jurov: pgp, for sharing big data in blockchain-esqe way,
there's freenetproject
mircea_popescu: it's not a matter of miner fees. nonstandard
tx are not relayed.
mircea_popescu: as
to
the blockchain shares, it's called colored coins. it has it's own problems
fiat500: yeah you could use it
to communicate video data if you want but its not an efficient way
to do it
pgp: but if
there is a min quantity,
that's a problem
pgp: seems
to me
that you could use
the blockchain for lots of stuff besides BTC
jurov: pgp i actually stumbled upon similar
txs
fiat500: blockchain is not
the most efficient data structure for
this kind of stuff
pgp: yes, but you have
to push
the shares, requires someone
to do it for you, etc
fiat500: pgp: some of
them are fungible
kakobrekla: 23:50.17 ( pgp ) question: is
there anything preventing
the creation of a
transaction for 0 BTC, < yes, with 0.8xx
theres a min set... cant have
txes smaller
than i dont remember howmany satoshi
pgp: provided, of course,
that every agrees on a format for such a comments
pgp: why not imbed
them in
the blockchain in
the comments field - seems
to me
that it could be done pretty easily so your shares could exist in your wallet and could be moved
to where you want
pgp: but
they're not fungible
fiat500: the passthrough makes it easier
to
trade on an exchange
pgp: the reason i ask is
that all
the passthru nonsense seems so cumbersome - seems
to me like you could use
the block chain
to move shares around, no?
pgp: question: is
there anything preventing
the creation of a
transaction for 0 BTC, but with a miner fee so
that it would pickup up?
parseval: I'm glad
that worked for you inhies
fiat500: ThickAsThieves: aha, and explains
the lack of movement elsewhere
furuknap: Fascinating.
This has been an announcement about an observation of no relatable quality.
gribble: Next difficulty estimate | 12046750.2718 based on data since last change | 12915013.3734 based on data for last
three days
fiat500: good
thing i didnt bother with difficulty futures :P
fiat500: topace: cool,
thinking of moving some coins
to
trade
there
topace: hehe well, options might be coming soon (tm)
to a havelock investments near you!
aknap3: but I'd be
there all
the
time otherwise -- plus, I'm Canadian
topace: i glance here from
time
to
time
aknap3: for my own
trading, I don't use it because I prefer
to play options
aknap3: topace: didn't
think you were paying attention :)
aknap3: I
think
the setup for
transfering between
there and mpex has great potential, actually a model
that should be copied
aknap3: TAT seems
to like
the issuer interface
aknap3: I have an account
there.
tried it once.
fiat500: anyone here
trade on havelock?
fiat500: interesting
that all
this movement is on BTCT but HI is quiet
furuknap: mp, I hadn't seen
that internet story video. Very, very cool,
thanks for sharing.
ThickAsThieves: dpending on when friedcat processes xfers
to exchanges
fiat500: aknap3:
thats actually more likely once
the ASICS reach mainstream
fiat500: so selling before divs is a great idea assuming
theres panic buying before
aknap3: then when BTC/USD drops, bunch of cheaply gained BTC enters
the market and buys wrecklessly
aknap3: that'll cause a
temporery dip
fiat500: i mean, its going
to
take 6 months worth of divs
to make an amount equivalent
to what ive made simply due
to appreciation
aknap3: hope fetches higher prices
than reality
aknap3: If I were
to dump, I'd do it on a
Tuesday
fiat500: his 100PT shares were cheaper, even considering
the 5%
tribute
to
TAT
fiat500: if
that was
the same person
fiat500: interesting,
that was 1 purchase of 1PT offset by sale of 100 100PT shares
fiat500: well, perhaps shot in america, but
they are probably from
the ukraine
fiat500: and some eastern european
titties
furuknap: Just remove 2. from best ask and you're virtually
there.
gribble: BTCUSD
ticker | Best bid: 132.02437, Best ask: 132.37998, Bid-ask spread: 0.35561, Last
trade: 132.37999, 24 hour volume: 42001.81799218, 24 hour low: 125.12102, 24 hour high: 133.98000, 24 hour vwap: 129.44076
furuknap: The later one was my parody in an Apple shareholder agreement, if
that's what surprised you.
furuknap: "Yeah, we'll develop and sell iPads and iPhones and iMacs and stuff, but we'll also
throw in
the
tips we get from stripping at
the local joint"
furuknap: "And
to sweeten
the deal and get
those shares moving I've decided
to chuck in my bitcoin advertising earnings from my NSFW monetized Porn blogs as a monthly bonus dividend" <- I mean, c'mon, how can one _not_
take
the mining asset market seriously?
gribble: BTCUSD
ticker | Best bid: 132.60001, Best ask: 132.70182, Bid-ask spread: 0.10181, Last
trade: 132.60001, 24 hour volume: 40837.89188148, 24 hour low: 125.12102, 24 hour high: 133.98000, 24 hour vwap: 129.30293
mircea_popescu: then
there's added value
to
the pool and everyone's happy
mircea_popescu: so ya, maybe we end up with alien messages and am gets a 1.5bn govt grant
to crack it
mircea_popescu: ThickAsThieves
taking
the burlington example,
the only +ev move is if
the war comes and
they're converting
to making ammo and selling it
to
the brits on us guaranteed credit.