917900+ entries in 0.621s
MJR_: if one of
those people controlled it,
they wouldn't have had
to ask
MJR_: perhaps we need
to understand what "control" means
MJR_: they didn't have
to
MJR_: lol,
they suggested
that people move back and
those people agreed
MJR_: its been around for 4 years...its still small, but any company
that had
the run
that bitcoin has would be pretty happy
MJR_: huh? it is off
the ground...and it isn't under anyone's control
ThickAsThieves: but needed
to be under control
to actually get off
the ground
MJR_: but seriuosly, if i control it, i can say "i want more
than 21 million" or "you can't use it on silk road"
MJR_: my point is
that a decentralized system can be said
to be run by everyone, or no one, same difference
MJR_: i "control"
this system don't I?
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_: the minute someone says "i run
this" you just completely missed
the point
MJR_: the beautiful
thing
that makes bitcoin great is
that NO ONE runs it
MJR_: the biggest feature of bitcoin is
that paypal doesn't control it!
ThickAsThieves: they make palcoins
to have
the features of bitcoin, without
the risks of how bitcoin is run
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_: anyways,
thats my point
joecool: mod6: i don't even
think paypal cares about paypal
MJR_: bitcoin either remains unique in its decentralization, or someone creates an identical system
that doesn't add value
jurov: public
transactioin record can be interesting.. but what about chargebacks?
mod6: who
the fuck cares about paypal?
MJR_: but
therein lies
the difference
MJR_: oh yeah, gift cards
too
MJR_: there is nothing
they are doing
that is new or useful by creating an alt chain
gribble: BTCUSD
ticker | Best bid: 151.19991, Best ask: 151.19992, Bid-ask spread: 0.00001, Last
trade: 151.19991, 24 hour volume: 233424.28099254, 24 hour low: 140.20000, 24 hour high: 166.43438, 24 hour vwap: 151.56597
MJR_: point is,
these "alt chains" exist and have for quite some
time
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
MJR_: but, you haven't in any way made
the process better for
the consumer because I will just use my credit card
to buy your 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_: and
then get
to buy something slightly cheaper, after using more
time and adding complexity
MJR_: i pay
the fees
there
MJR_: how does
the cash get converted
to
their coins
MJR_: how would i get cash INTO
their coins?
MJR_: good for
them, you made more money, still don't see a value proposition
MJR_: so you lower fees for
the consumer
MJR_: fees for
the company
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_: unless
they decide
to stop
taking cash (srsly doubt
that)
MJR_: how would
they get people
to choose
this product over cash?
jborkl: I personally use Chuck E Cheese
tokens
MJR_: why would i change from cash
to ebaycoin
MJR_: ThickAsThieves: i agree...but
theoretically if
they wanted
to, it'd be a waste of
time
MJR_: if
they don't...why
trust
them in
the first place
MJR_: and if
they do a blockchain like system, people will know how many coins
they've premined
MJR_: so maybe some will choose
that, but i
think you combine
the
technical difficulty of bitcoin with
the centralization and control of
the current system
MJR_: most people like bitcoin because
they can leave paypal
MJR_: why would someone want
to
trust paypal with
their money
MJR_: what exactly would
that benefit
them?
MJR_: i
think more will leave it
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_: and most people i've
talked
to dislike
the fact
that
the coins were premined
MJR_: or
they create something
they control, and it completely misses
the point
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
MJR_: just saying...of course
they do and are
iz: not really, it's just marketing for
twitter
MJR_: that
tweet moved
the US equity market 136 billion dollars
iz: MJR:
twitter is very serious business :v
MJR_: and i use
the
term "hacked" very very loosely
MJR_: just saw something on
tv...now
that AP's
twitter feed was hacked maybe someone will start caring about security more...
mod6: that
tweet just staggers
the imagination
ThickAsThieves: i question whether either is agile enough
to do anything at all
though
jborkl: easy enough , like you said
to short it - just one wire
mircea_popescu: not any very good ones. most miners have issues with
this ending up with very speciffic mb / card combos because of it
mircea_popescu: there's a controller limit which only allows 2 cards at a
time
alex12: so im
trying
to setup my
third video card in my p55 motherboard - however its not working,
two of ANY of
the video cards work, but when i power up 3, one of
the cards is disabled / issues (OpenCL / ADL hardware detection issues_
MJR_: isn't
that
the same library all
those kind of guys are using now?