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BlueMeanie4: this is a big problem. this leads to market bias.
BlueMeanie4: and the other actors then got 'sloppy seconds'
BlueMeanie4: what would happen if one party had the unique ability to either take or leave EVERY contract that was submitted globally?
BlueMeanie4: because no where do you even indicate that this is a problem
BlueMeanie4: your system seems pretty naive in this regard
BlueMeanie4: i already mentioned it, you can bias the markets by exploiting time responses
BlueMeanie4: you better believe if any serious traffic were to happen on this system they would exploit the peculiarities of IRC
BlueMeanie4: if i can exploit, and it makes me a dollar or two, i will
BlueMeanie4: so the problem is in these sorts of systems is people will push the time limits as far as they will go every time
BlueMeanie4: and when do 95% of the bids come in on an auction?
BlueMeanie4: confidence chains was one solution, but you dont really 'p2p' with it
BlueMeanie4: how do you measure success in a software project?
BlueMeanie4: first person to bid or to execute a contract
BlueMeanie4: sure, and this isnt a problem unless youre doing something where people are competing to be the first
BlueMeanie4: because the miners can exclude some transactoins and fatally bias the market
BlueMeanie4: this is also a problem with Bitcoin, and thats why Counterparty cant be used for anything serious
BlueMeanie4: theres the problem of competing to execute contracts
BlueMeanie4: the problem with using IRC is that you cant have high speed contract resolutoin
BlueMeanie4: you apparently think the whole world has all day to fuck around on IRC
BlueMeanie4: although you could potentially use WOT ratings
BlueMeanie4: i may make a contract system that doesnt use irc
BlueMeanie4: ;;everify freenode:#bitcoin-otc:168e59752b337056f22927840844867ab6b0bb171ffd023b46ca4e3c
BlueMeanie4: ;;everify BlueMeanie4 freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
BlueMeanie4: ;;everify freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
BlueMeanie4: you guys dont get hte concept of usability clearly
BlueMeanie4: ;;everify freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
BlueMeanie4: ;;everify BlueMeanie4 freenode:#bitcoin-otc:b1461f64c63cd3d79d5875d76a11a0abd080eb0e4e598a6db34558e3
BlueMeanie4: well occasionally they go from being a colony to forming into a creature that gets up and moves
BlueMeanie4: this doesnt appear to bother the 18 year olds who just bought 2 grand worth of magic beans
BlueMeanie4: do you know how many of these 'celebrated' bitcoin experts have some lame background like this?
BlueMeanie4: theyre a 'musician' or a 'pick up artist' or 'author' or some crap
BlueMeanie4: the thing i always look for- they always have an alternative career
BlueMeanie4: ya I really appreciated that article, but when you watch someone pull this sort of stuff time and time again- it's hard not to get personal
BlueMeanie4: eventually people value candor above all else
BlueMeanie4: yes but eventually the emporer wears no clothe
BlueMeanie4: to a degree- if someone is repeatedly trying to draw attention to themselves by whoring around every buzzword and they do it repeatedly then pull a PRESALE- thats when you start questioning someone's motives
BlueMeanie4: of course he defers that small job to someone else