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Messages - pgbit

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166
KeyID / Re: Pre-allocate share as "Dev DNS"?
« on: April 06, 2014, 06:46:28 am »
I agree with 45/45/10.


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167
General Discussion / Re: New website sneak peek! BITSHARES.ORG
« on: March 18, 2014, 01:39:42 pm »
Initial glimpse! V impressive.

168
We build tech for the world and not just the us.


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I believe every country has heavy insurance regulations, not just the US.  Please enlighten me on why you think this won't be a problem?  Trust me, I hope you have a solution.

What aspect of insurance is regulated?   Is it the taking of funds?  The investing of funds?  The estimating?   Remember, this system is no more an 'insurance company' than Bitcoin is a currency.    Who is providing the insurance?   Who is promising to pay?  Who under this system has any obligations what so ever of a contractual nature that would constitute insurance?
I wondered if it might be an idea to think of another name, i.e. not "insurance". If its a fundamentally different system, it maybe deserves a new name, but in so doing this may lead to the natural creation of an appropriately different regulatory framework outside that of classic insurance. As no doubt, someone somewhere will start to try to regulate it. For many people, the word insurance has a negative connotation, so this was another reason for this suggestion.

169
BitShares AGS / Re: Why the Spike in AGS donations today?
« on: March 14, 2014, 11:01:43 am »
insiders?
The donations were close together within 2 hours so the later donor may not have seen the first. But looking at one address in particular, it is from someone who now has 6956 Bitshares on that combined with a related address.

170
I haven't quite understood the task of the risk adjuster as described in the video. If the adjuster pays out alot in a month how will this affect their trust rating? Surely in a 'bad' month or a hurricane season there may be good reasons for mass payouts. How will the volatility in payouts that therefore may result - for the same type of claim - be addressed? Is there a planned trust rating system for those taking out insurance?

171
BitShares AGS / Re: Repost: Announcing AGS & BitShares Allocation
« on: March 13, 2014, 03:28:31 pm »
How many Angelshares do you think you should have?

172
General Discussion / Re: Ides of March
« on: March 13, 2014, 03:01:11 pm »
MasterCoin has chosen to launch their Distributed Exchange on the Ides of March.

No pressure.


How about the Ides of April?

"The Ides: March 15, April 13, May 15, June 13, July 15, August 13, September 13, October 15, November 13, December 13, January 13, February 13"

173
General Discussion / Re:T shirt DAC
« on: March 07, 2014, 02:40:15 pm »
Do we get dividends on the sale of T-shirts?
You've just initialized the T-shirt DAC. I like this site: http://www.zazzle.co.uk/ - they make custom anything. Quite good for looking up ideas on this theme.

174
General Discussion / Re: I3 Site ranking [suggestions]
« on: March 07, 2014, 01:59:31 pm »
"All I3 stakeholders consider including a link back to I3 in your profile signature on https://bitcointalk.org/"
- nice idea. Currently bitcointalk blocking editing this though.

175
If someone does go on holiday there, to the place above, and they profitably traded Bitshares whilst there to pay for the trip, it would be epic advertising. Obviously it would need to be an independent forum member, or possibly someone with no trading skills to emphasize ease of use. 


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176
General Discussion / Re: Bitshares Refrigeration (cold storage)
« on: March 01, 2014, 10:00:45 am »
Is there an offline barcode generator that could work for all coins?

177
General Discussion / Re: the XCP multisignature issue
« on: February 27, 2014, 10:01:49 am »
I included a question for the bug in a post here https://bitcointalk.org/index.php?topic=395761.msg5306839#msg5306839
lets see if there is an answer...
The hacker communicated the details of the critical issue in the Counterparty protocol which exploited a multisignature bug, this info is on p2 of the pdf referenced in busoni's post:
https://bitcointalk.org/index.php?topic=490025.0

"you can create a send-xcp request like this: create a multisignature output which sends 0.1 btc to three public keys, one of them is the key from which you want to send the xcp and the other ones are some random wallets from brainwallet.org. when this multisig output is 2 of 3 you need only 2 private keys to sign it. using this output you can send the send-xcp command to the network and which ever key was first in the multisig output is charged the outgoing xcp."

178
General Discussion / Re: Preventing critical issues and Plan B
« on: February 22, 2014, 08:38:14 pm »
https://bitcointalk.org/index.php?topic=395761.4340

35k XCP was pinched from an exchange. See the link though, apparently it was Counterparty flaw that is now fixed.

179
General Discussion / Re: the XCP multisignature issue
« on: February 22, 2014, 08:34:33 pm »
1. The vulnerability that recently affected Counterparty, could this affect other second gen. cryptocurrencies like MSC NXT BTS?

2. In any such event that can occur, is it best to previously define groundrules for best clarity?
Working these out afterwards creates lots of forum flack, moreso if rules are less well defined. For example, can trade rollbacks occur?

180
General Discussion / Re: Best strategy for PTS/BTC
« on: February 22, 2014, 02:06:18 pm »
It could have been simpler, for sure, but its an evolving space and what they did was a strategy to adapt. Look at the link above, its not that people are holding back.

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