Hieroglyph
Re:Alleged Bitcoin Creator Satoshi Nakamoto Denies Bitcoin Involvement
on Thursday March 06, 2014 @07:18PM (#7357534)
> How can I take you up on that bet?
Creating the bet with Counterpartyǂ.
Step 1. Establishing 'Dorian Prentice Satoshi Nakamoto' trustless P2P betting feed
counterpartyd broadcast --help
counterpartyd broadcast --source='SOURCE_ADDRESS' \
--text='[BINARY] Dorian Prentice Satoshi Nakamoto is Satoshi Nakamoto, the creator of Bitcoin, by his own admission or indisputable evidence on or before June 21, 2014' \
--value='1' \
--fee-fraction='0.1'
counterpartyd bet --source='SOURCE_ADDRESS' \
--feed-address='FEED_ADDRESS' \
--bet-type='Equal/NotEqual' \
--wager='10' \
--counterwager='10' \
--target-value='1' \
--leverage='5040' \
--deadline='6,21,2014'
Re:Bitcoin security model: trust by computation
on Friday February 21, 2014 @01:36PM (#7278529)
> Commanding a market price has some qualities that suck. One of them is that you have to deposit assets in a market to keep an order book to discover a price.
You don't _have_ to trust a counterparty with your money for price discovery. Take Counterparty for example: a P2P derivatives and stock market using Bitcoin as the transport layer [ǂ]. It enables trustless betting on anything from asset prices, to weather events, to Superbowl results [ɵ]. Two companies have already issued publicly tradeable shares [ɸ].
Data feeds are a public, competitive market:
Order: give 55.0 XCP for 0.5 BTC in 11 blocks, with a provided fee of 0.0001 BTC and a required fee of 0.005 BTC (bcf02fb66565d984a136fc55e1085f5cc782e8630dcfdbe9bbddb3312beb8f2c) [valid]
Broadcast: ‘Block Hash (0000000000000…cdbe902b4698e) Even/Odd’ = 2.0 from 15cdAQmmBrz1BEVtipaQ1dVHtTwmfcxzw5 at 2014-02-20T20:00:03-08:00 with a fee of 0.1% (7bd292f02c41740150b2ed2e7cf739566c900092e892e4a3a5d7dd142c00df8b) [valid]
Broadcast: ‘CoinDesk BPI USD’ = 555.26 from 1CeQHd59TFKWQzsWYDXc9NDX2ooMSRpiqi at 2014-02-20T22:00:03-08:00 with a fee of 0.1% (65c7162d69664008e4e0fe3be9122fb02c3e98901cd975d6d179e85a945fd916) [valid]
[ɵ]: http://blockscan.com/tx.aspx?q=3155