Matches for from:mjr, 5343 total results Sorted by newest | relevance
Tue May 28 11:24:13 UTC 2013 <mjr_> my favorite point that shows people how stupid ripple is, is that more than 75% (by my estimation) of transactions thus far have waited for 1 or less confirmations
Tue May 28 11:23:29 UTC 2013 <mjr_> i think erik's talk on the moneyness of bitcoin is one of the best things written about it
Tue May 28 11:15:20 UTC 2013 <mjr_> anyway, i think ripple is fundamentally flawed in that debt is not fungible
Tue May 28 11:15:03 UTC 2013 <mjr_> hahhaa
Tue May 28 11:08:50 UTC 2013 <mjr_> ^lol
Tue May 28 11:03:54 UTC 2013 <mjr_> TBH, I don't think that OpenCoin's hilariously bad presentation and ponzi is the real problem with ripple, i think that it is a fundamentally bad system
Tue May 28 11:03:16 UTC 2013 <mjr_> so doesn't the whole thing kinda break down without everyone trusting?
Tue May 28 11:03:04 UTC 2013 <mjr_> no debt can "ripple" through your account
Tue May 28 11:02:50 UTC 2013 <mjr_> which is the only rational thing to do
Tue May 28 11:02:44 UTC 2013 <mjr_> but what i am curious about is what happens when everyone in the system does this behaviour
Tue May 28 11:02:28 UTC 2013 <mjr_> or coin IOU's i should say
Tue May 28 11:02:18 UTC 2013 <mjr_> apparently, you can change the trust settings so it won't by default equate anyones coins with an exchanges coins
Tue May 28 11:01:53 UTC 2013 <mjr_> lol
Tue May 28 11:01:49 UTC 2013 <mjr_> thanks be to satoshi for TradeFortress's social experiment
Tue May 28 11:01:29 UTC 2013 <mjr_> me neither
Tue May 28 11:01:25 UTC 2013 <mjr_> fucking ridiculous
Tue May 28 11:01:18 UTC 2013 <mjr_> and they say "walled garden that is finance now" so come join our walled garden
Tue May 28 11:00:52 UTC 2013 <mjr_> once we build it we will release the code, why not let others work on it now?
Tue May 28 11:00:28 UTC 2013 <mjr_> yes exactly
Tue May 28 11:00:03 UTC 2013 <mjr_> do they not know what open source means?