Topics created by justabitoftime

[quote name=“adamstgbit” post=“31595” timestamp=“1382047231”]
[quote author=Kevlar link=topic=4088.msg31594#msg31594 date=1382046659]
[quote author=adamstgbit link=topic=4088.msg31581#msg31581 date=1382042433]
I dont get it, they plan to do p2p trading BTC/USD over the internet?

thats not possible!

you need a 3rd party to deal with the USD, no?
[/quote]

Yes, it’s possible… yes you need a third party for the USD part.

Immagine the following scenario:

Party A has USD to trade, Party B has BTC to trade.

A bank or other money transmitter (bitalo.com in this case) publishes their public signing key. We will call them Party C.

Party B, the owner of the BTC, creates a 2 of 2 multisig transaction for X amount of BTC requiring party B’s sig, AND party C’s sig. He signs it, and publishes the transaction for all to see, along with the terms of the agreement (the price he’s willing to trade his X BTC for, which is Y USD).

Party C picks up this transaction, and says, “Ok, I’ll broker this deal, send your USD here, and when you do, I’ll sign the transaction.” Party A wires their funds to Party C. Party C signs the transaction, adding Party A’s address, and broadcasts it, and wires Party B the USD.

What’s interesting about this protocol is that ANYONE can play the role of party C. So, it’s about who you trust. You could do this with a 2 of 15 transaction, where the other 14 are ALL the participating exchanges that you trust, and any one of the exchanges can fulfill the trade without you depositing your funds with them.
[/quote]

well there you go, its not peer to peer, all this does is make the process way more complex than it needs to be
Bitalo WILL be the trusted 3rd party and will need to comply with regulation like every other “centralized” exchange.
I would be more excited to see BTC traded with FTC without any need for 3rd party whatsoever. NO MORE FIAT, WE DON’T NEED THAT S&*%
[/quote]

Multi-sig transactions are the answer for that too. https://en.bitcoin.it/wiki/Distributed_markets

Didn’t get a chance to ask, however, plenty of follow-up interviews over the next few weeks. Here’s a pdf of what was discussed:

[url=http://www.ppcointalk.org/index.php?topic=617.new#new]http://www.ppcointalk.org/index.php?topic=617.new#new[/url]

Done

Seems tobe more buying than selling going on too, possible new blood?

[quote name=“mirrax” post=“26956” timestamp=“1378061173”]
Something must be wrong on your side.
[/quote]

Nope. Everything’s fine here. This is the only site I’m having issues with.

[s]If it went live recently, perhaps it’s still propagating.[/s]

Either that or Switzerland doesn’t like me. ;)

Edit : It will load under Tor for me, that’s it.

*Drum roll* Last but not least, item 22!!

** Closed **

[quote name=“chrisj” post=“27710” timestamp=“1378821580”]
[quote author=birddog link=topic=3483.msg27709#msg27709 date=1378819224]
I like this thread. I agree, the current wallet seems to work fine… The only addition I would make to it would be to make it more “aesthetically pleasing”
[/quote]

Thanks that actually reminds me Ruth and I met a guy at the Bitcoin London Conference who was making a nice Bitcoin wallet I will go dig out his details now.
[/quote]

Oh… and add a paper wallet generator to the Feathercoin Wallet. That would be amazing!

Keep up the good work!

This is great news. I’m excited to see how this progresses. Good Job Justabit!

I used to be. Bummer.

1. I sent my 500 ftc to ChrisJ @ 6hAcWCGDLRgr5Ggxsg3b5zcd8p9m3dG95Z

2. I like the 30x33

3. I would wait until we actually verify the FTC/USD is in effect before running the contest

4. I’m not looking to run it, just to donate a nice chunk. :) Use the 500 how you guys see fit

Cheers to all our success!!!

I think it (CoinJoin) seems very complicated and therefore open to unknown exploits. Also, the node server is open to monitoring / DDos, so I don’t think it is “private” as they think.

When your searching for a needle in a haystack, it helps if someone paints it red!

Awesome news guys!

Interesting article, thanks Justabit…

Well, done. & Thanks for finding the links…

[quote name=“Radacoin” post=“26499” timestamp=“1377706995”]
[quote]
He said he was once asked what he would do if someone said they would chop his fingers off if he didn’t roll back or join a chain of their choosing. “That would be a very unfortunate misunderstanding and I would lose all my fingers!”
[/quote]

Glad I could help ;)

Me being provocative is just part of my personality. I am actually a huge supporter of Feathercoin.
[/quote]

That was my absolute favorite part about the whole article! ;)

Done.

Thanks! I will update PR sticky as soon as wesphily unlock it for me (I have bunch of articles to add)

It reminds me of this: http://www.gold-to-go.com/en/ :D

Thoughts:

I think it’s still too complicated for the average Joe. The ATM looks not too stable. I don’t think it’s very tamper-proof.

In general: Wrong direction. Why would I wanna have paper money in the (near) future? The way to go should be to create/improve mobile apps, electronic payment options, shopping charts, etc.

[quote name=“Ruthie” post=“27053” timestamp=“1378141198”]
What’s happening with this…?
[/quote]

Working up other ideas, just very low on priority list. The first flyer is located here:

http://feathercoinmyths.com/