973700+ entries in 0.612s
maximian: "oh my god, MPEx is
the geekiest stock exchange I've ever seen. you have
to send commands via command line? no web interface?" <<
this is actually what attracted me
to mpex!
mircea_popescu: nobody can get into mpex
to
the
tune of 10 ppl a day or some shit
mircea_popescu: im on
the other side of it,
trying
to hold
the doors down lol
gesell: explain
to
them
that gpg, command line foo and mpex design should be percieved like
the days when
the internet filled up with idiots... we'd still stick
to vms
to have some peace of mind from it all
JohnGalt49ers: yeah
that's more sophisticated
then what I had in mind
mircea_popescu: "the "shares"
that MPEx has
that it lets you buy and
then sell ... how did
they get
them, and what exactly are
these shares?"
gesell: anyone got issues getting
to google?
jurov: with badly done 0-confirmations we'll inevitably end up in credit card
territory - everyone will pay for
the fraud
smickles: JohnGalt49ers: like via private key
transfer? (what I was
talking about is more complicated, and a lot more secure
than
that. I'll see if i can find
the link)
mircea_popescu: course
the hidden
thing in all of
this is
that if mpex scales worth a shit everyone can just do push
transactions.
JohnGalt49ers: bitcoin can change ownership without
transactions within
the blockchain
mircea_popescu: <jurov> smickles, not really.
that would be akin
to city
transportation not giving a fuck about security of chip cards << which
they don't.
smickles: it's only been done as 'proof of work', so far as i know
tho
smickles: even unbroadcasted (less
than 0 confirms)
smickles: there are a lot of details, but you can safely accept
the small bit part without any confirmation at all
JohnGalt49ers: you don't need
to rely on confirmations when your coins are stored at an exchange
mjr_: i
think
that is also very
true
smickles: basically, you can create at
tx which is for a significant amount (say 10 btc), but only gets approved in small in small bits, (say .1 btc)
mjr_: thanks smickles, i
thought
that was a very nice response
jurov: smickles, not really.
that would be akin
to city
transportation not giving a fuck about security of chip cards
smickles: also,
there is one of
those 'advanced' features you mentioned earler
to solve
this
smickles: < mjr_> in instances like
takin a cab or paying for fast food << in situations like
that, some feel it is save enough
to accept 0 confirmations
mjr_: but is
there any discussion on
that subject?
mjr_: and obviously maybe it can't be applied
to everything
mjr_: one
to
ten minutes for approval is not feasible...
mjr_: in instances like
takin a cab or paying for fast food
mjr_: ah i had one other question/issue
that i wanted
to
throw out here
mjr_: well
that is what i love about
this community, very grass roots
mircea_popescu: but
there's a BIG lesson in here.
think about it : i have
technoklogy
that allows me
to do what
they do much cheaper.
mircea_popescu: yeah.
this would not be feasible if i
tried
to do it like it;'s currently done in
the fiat finance world.
mjr_: but do
those address
the issue of people being able
to securely send messages?
mjr_: a lot easier
than managing vpn's
mjr_: i
think it is a clean and very secure system
mircea_popescu: but i don't see many people bothering, no.
there's no benefit
mjr_: well
that is what i meant...what if he doesn't pass on
the messsage?
mjr_: thanks for
the explanation
mircea_popescu: everyone would only get his own, causwe
that's
the only one he can decrypt
mircea_popescu: so now. if i want
to
talk
to all
the users on mpex, i could just post a long file, made out of bits, each encrypted with a user's signature.
mircea_popescu: what diff does it make ? you don't have
the key for it.
mjr_: they couldn't read
the message, but
theyt could disrupt it
mircea_popescu: mjr_ : if i wanted it
to
take multiple hops, i would be vulnerable
to MitM and phishing right? << wrong
mjr_: is
this how VPN would work
too? unless i'm mistaken, i believe a VPN is encrypted (or can be)
mjr_: ie PGP works for a point
to point conversation, but if you want
to make it routable you have
to provide more info
to
the network (not actual content, but destination etc)
mjr_: because only you can make sense of
the message, since
the message is encrypted...or am i mixing up my OSI model here :)
mjr_: mirceau_popescu: upon furthor
thought, i
think
that what you have set up IS
the equivalent of a circuit...ie. you can verify communication between you and someone else, but i don't
think it could work as a broadcast
type message (i may be wrong) if i wanted it
to
take multiple hops, i would be vulnerable
to MitM and phishing right?
mjr_: not in
the sense of using
the block chain for randomness
mjr_: at
the end of
the day it's very similar
to satoshidice (in
the sense of expected value, house cut)
mjr_: oh by
the way...i found
the url
to
the site
that i want
to get
to start
taking bitcoins...
mjr_: within bitcoin,
there are only a few legit publicly
traded companies you can buy all of
them yourself
mjr_: oh ok, i was going
to say, i don't see
the real point of an etf at
the moment
smickles: and mircea felt
that
taking action
to acquire a new asset when
the original one dissolved was outside of
the f.gigga.etf contract
mjr_: what was
that company doing? an etf of what?
smickles: the f.giga.etf issue was basically,
that
the original gigavps asset stopped, and people
thought
that
the mpex listing would
take action
to acquire
the new gigavps
mjr_: sometimes
too much html5 and flash animations just get annoying
mjr_: lol,
thats one of my favorite parts of it
mjr_: lol, maybe should do more research, but still...within bitcoin who would have
the highest "credit rating"
smickles: but, yeah, most
to all of
the 'bad' about mpex/mircea is
that mpex looks ugly
mjr_: ok, i missed
that discussion
smickles: there are people who're pissed about
the way f.giga.etf went
mjr_: maybe chats i missed here, but i would say he has
the equivalent of AAA credit within bitcoin
mjr_: ie. no one has ever said he scammed
them
mjr_: the closest i ever read was sock puppet on SA..but
that wasn't even really saying anything bad
smickles: < mjr_> like for example...i don't
think i have ever read one negative article about mpex or mirceau_popescu <<< lolwut?
mjr_: so i would say most people would
trust him
smickles: i
think
there are a few
things which use
the m-of-n signature
txns, but i've not seen any of
the contracts or conditional sends
mjr_: like for example...i don't
think i have ever read one negative article about mpex or mirceau_popescu
mjr_: that could be used
to form a
trust service (maybe against
the founding goals, but still, could be useful)
gesell: i
think google is starting
to seriously
throttle my all my google code since i put
the arbitrage spreadsheet on reddit :/
mjr_: has anyone really started using
the advanced bitcoin features?
smickles: or
the availability of cheap shortterm loans
smickles: yeah, much depends on
the broker's 'off mpex float'
smickles: I'm sure
there is/are for relatively small amounts
jurov: wow,
there actually is one?
smickles: malaimo: if you want instant withdrawal, used a broker who provides
that
mjr_: can you not automate
that using
the API?
malaimo: since you guys are
talking about mpex architecture: would be cool
to make withdrawals more automated, e.g. as on
the exchanges
mjr_: i
think what will have
to happen is
that you will have
to use current practices, but denominate loans in btc
mjr_: set up a
table on
the docks and hand out money
mjr_: Amadeo Giannini i would like
to be like
this guy
mjr_: well, i really look forward
to wider acceptance, and hopefully larger holdings for me...
mjr_: because it would be awesome
to be able
to contribute
to a business
that you are invested in...signing up helps your actual investment
mircea_popescu: and as
to
the brokers, you have
to ask
them, but most everyone does it.
mircea_popescu: mjr_ if you mean accounted for as in, passed
ti shareholders, yes.
there's a special line in
the monthly reports.
smickles: well,
technically,
the fee goes
to mpex, but it gets paid
to s.mpoe shareholders