path: root/4c/1e742927eca2666c1f70cd42fce8f4ef8c4012

Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193]
	helo=mx.sourceforge.net)
	by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76)
	(envelope-from <jtimon@monetize.io>) id 1WKBkR-0001u3-3Q
	for bitcoin-development@lists.sourceforge.net;
	Sun, 02 Mar 2014 19:08:27 +0000
Received: from mail-la0-f46.google.com ([209.85.215.46])
	by sog-mx-3.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128)
	(Exim 4.76) id 1WKBkP-0004gX-8Q
	for bitcoin-development@lists.sourceforge.net;
	Sun, 02 Mar 2014 19:08:27 +0000
Received: by mail-la0-f46.google.com with SMTP id hr17so4027983lab.5
	for <bitcoin-development@lists.sourceforge.net>;
	Sun, 02 Mar 2014 11:08:18 -0800 (PST)
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
	d=1e100.net; s=20130820;
	h=x-gm-message-state:mime-version:in-reply-to:references:date
	:message-id:subject:from:to:cc:content-type
	:content-transfer-encoding;
	bh=lmPec2Kty7U05wC6eAxzLIIvzJBpy5WKVkB/Z2P+gtg=;
	b=Js2Cl0Ug9A9bgN906RXrs4azIKzbQQShdlPs3EYyy+0OTBc0eOZ8Fs16LvDJXieafp
	X7FOsXXuWGI8XSAaNPe14jDF2Qs0zyXGih7Iev4dRbGpUlZOW6iQG2HH0vcPXjZ2ENeq
	78om1Fyy5pw55u2uqo1Osm0NjCI8eQcOi2XXp02lkn9We+HbJpW8H1K+o4IlLbamHJJ8
	Bd0jEqIPI1LHjlN3nI0c2/lrTWsuBoUktCu1jA12GoeGNPdu5zxTRkXmskTCf2ON9COf
	DPDvsiDGyvsO3+8xCUYh8DXpC7Pce/5UzfA+2a4gF8c1MDlvRC7Rw2XuIXde+c3nq/an
	hL1g==
X-Gm-Message-State: ALoCoQnm6yaafu4kdQaWKuVZ/eIxWO5fV4yxIVWn1ioJ8woD6BevnGuAHZu66GAYSZkOnAZqkBUw
MIME-Version: 1.0
X-Received: by 10.112.132.102 with SMTP id ot6mr19179047lbb.27.1393786986617; 
	Sun, 02 Mar 2014 11:03:06 -0800 (PST)
Received: by 10.112.62.136 with HTTP; Sun, 2 Mar 2014 11:03:06 -0800 (PST)
X-Originating-IP: [108.193.6.130]
In-Reply-To: <20140302180839.GQ3180@nl.grid.coop>
References: <20140211175919.GV3180@nl.grid.coop> <20140214052159.GF31437@savin>
	<20140217054751.GY3180@nl.grid.coop>
	<CAC1+kJNTq2sMbORAU-HBSpTVE3ohzsxHrxXw9JOXZp5ux32Gtw@mail.gmail.com>
	<20140228013719.GA5786@savin>
	<CAC1+kJPL0NpzihMUfuOvEaE8LoKZehS0PbXFCVMu4_N5MJCJfA@mail.gmail.com>
	<20140301174513.GP3180@nl.grid.coop>
	<CAJHLa0NMbeVneL3oYkuSUYXgoJYsEjQk_QFuzKZizYWfQnpWvw@mail.gmail.com>
	<CACh7GpH2YDr2LBgnoxmNSwrufryzYwXkuo6uTk3-reRGCx6t8w@mail.gmail.com>
	<CAJHLa0Ocs5foyROiVgB=xOj1CvE9fpKm8YJweWOYDuUzFw47+w@mail.gmail.com>
	<20140302180839.GQ3180@nl.grid.coop>
Date: Sun, 2 Mar 2014 20:03:06 +0100
Message-ID: <CAC1+kJOKWwGo5t3BT5mU6N=sU39jY-pac-BFZ3h7pomLkmSb9g@mail.gmail.com>
From: =?ISO-8859-1?Q?Jorge_Tim=F3n?= <jtimon@monetize.io>
To: Troy Benjegerdes <hozer@hozed.org>
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: quoted-printable
X-Spam-Score: 0.0 (/)
X-Spam-Report: Spam Filtering performed by mx.sourceforge.net.
	See http://spamassassin.org/tag/ for more details.
X-Headers-End: 1WKBkP-0004gX-8Q
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Decentralized digital asset exchange with
 honest pricing and market depth
X-BeenThere: bitcoin-development@lists.sourceforge.net
X-Mailman-Version: 2.1.9
Precedence: list
List-Id: <bitcoin-development.lists.sourceforge.net>
List-Unsubscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
	<mailto:bitcoin-development-request@lists.sourceforge.net?subject=unsubscribe>
List-Archive: <http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development>
List-Post: <mailto:bitcoin-development@lists.sourceforge.net>
List-Help: <mailto:bitcoin-development-request@lists.sourceforge.net?subject=help>
List-Subscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
	<mailto:bitcoin-development-request@lists.sourceforge.net?subject=subscribe>
X-List-Received-Date: Sun, 02 Mar 2014 19:08:27 -0000

Again, the two best ways are here:

https://en.bitcoin.it/wiki/Contracts#Example_5:_Trading_across_chains
https://bitcointalk.org/index.php?topic=3D321228

But this is off-topic, Peter wasn't talking about cross-chain trade.


On 3/2/14, Troy Benjegerdes <hozer@hozed.org> wrote:
> I'm asking for how to DEVELOP THE CODE so I can trade between two block
> chains, and then I'm going to start trading cats and dogs and bits.
>
> Somewhere in trying to figure out the design spec we got caught up in
> existential
> concern about 'globally knowable and accurate price history', and I'm
> telling you
> it doesn't matter.
>
> I'm the customer and the developer, someone give me a clear design docume=
nt
> to
> trade between two chains and I can write it, and then we can debate
> improvements.
>
>
> On Sat, Mar 01, 2014 at 01:33:25PM -0500, Jeff Garzik wrote:
>> This is not bitcoin-philosophy, it's bitcoin-development.  Existential
>> philosophy belongs on IRC or the forums.
>>
>>
>> On Sat, Mar 1, 2014 at 1:28 PM, Mark Friedenbach <mark@monetize.io>
>> wrote:
>> > Only if you view bitcoin as no more than a payment network.
>> >
>> > On Mar 1, 2014 10:24 AM, "Jeff Garzik" <jgarzik@bitpay.com> wrote:
>> >>
>> >> This is wandering far off-topic for this mailing list.
>> >>
>> >> On Sat, Mar 1, 2014 at 12:45 PM, Troy Benjegerdes <hozer@hozed.org>
>> >> wrote:
>> >> >> > You can make the same argument against Bitcoin itself you know..=
.
>> >> >> >
>> >> >> > A Bitmessage-like network would be trivial to front-run via a
>> >> >> > sybil
>> >> >> > attack. It's the fundemental problem with marketplaces - the dat=
a
>> >> >> > they're trying to publish has to be public.
>> >> >>
>> >> >> I don't see the Bitcoin analogy...
>> >> >> Anyway, I still don't think the seller cares, if he sells at the
>> >> >> price
>> >> >> he was asking, what would he care about "front running" those
>> >> >> parallel
>> >> >> networks.
>> >> >> I've seen many street markets without "public information" and the=
y
>> >> >> work just well.
>> >> >
>> >> > The spot price for ammonia fertilizer, refined gasoline at
>> >> > terminals,
>> >> > and price of tea in china are not 'public information', yet these
>> >> > are
>> >> > some of the largest traded commodities in the world, far exceeding
>> >> > the drop in the bucket that all cryptocoin transactions make.
>> >> >
>> >> > I'd further argue that the *actual* price of corn (cash bid price a=
t
>> >> > elevators and ethanol plants) is not public information either.
>> >> > There
>> >> > is a great deal of money traded in collecting and then distributing
>> >> > the
>> >> > 'cleared price' information. Have a look at
>> >> >
>> >> > http://www.interquote.com/template.cfm?navgroup=3Daboutlist&urlcode=
=3D12&view=3D1
>> >> >
>> >> >
>> >> >> >> I don't think this will be a tragedy, because like we discussed
>> >> >> >> on
>> >> >> >> IRC, I don't think the primary goal of markets is price
>> >> >> >> discovery,
>> >> >> >> but
>> >> >> >> trade itself.
>> >> >> >>
>> >> >> >> About historic data, the actual trades are always public, and
>> >> >> >> some
>> >> >> >> kind of "archivers" could collect and maintain old orders for
>> >> >> >> historic
>> >> >> >> bid and asks, etc.
>> >> >> >
>> >> >> > And again, how do you know that record is honest? Fact is withou=
t
>> >> >> > proof-of-publication you just don't.
>> >> >>
>> >> >> Well, the trades that appeared in the chain actually occurred.
>> >> >> Buying to yourself at fake prices? Be careful, the miner could jus=
t
>> >> >> separate the order and fill it himself. Or anyone paying a higher
>> >> >> fee,
>> >> >> for that matter.
>> >> >
>> >> > You just made my long-term strategic argument for investing in my
>> >> > own
>> >> > mining hardware so I can be sure to trade reliably.
>> >> >
>> >> >> Again, you haven't addressed why the seller cares more about
>> >> >> "accurate
>> >> >> historic market data" than just his own fees and sell.
>> >> >>
>> >> >> > You mean a reverse nLockTime that makes a transaction invalid
>> >> >> > after a
>> >> >> > certain amount of time - that's dangerous in a reorg unfortunate=
ly
>> >> >> > as
>> >> >> > it
>> >> >> > can make transactions permenantly invalid.
>> >> >
>> >> > People who take money from buyers and sellers care most about
>> >> > 'accurate
>> >> > historic market data'. I just want to exchange my corn for e85,
>> >> > fertilizer,
>> >> > and electricity, and audit the code that runs accounting for the
>> >> > exchange.
>> >> >
>> >> > I really don't give a shit if there is 'accurate historic market
>> >> > data'
>> >> > as
>> >> > long as **MY** personal trade data is accurate and I got a good
>> >> > enough
>> >> > price,
>> >> > and I know who I'm dealing with.
>> >> >
>> >> > I know someone smarter than me and with more money, market leverage=
,
>> >> > and
>> >> > political connections **WILL** game the system and distort the
>> >> > market
>> >> > data
>> >> > history so they can take more money from buyers and sellers without
>> >> > actually
>> >> > doing some usefull market function.
>> >> >
>> >> > As long as use buyers and sellers can see the code, and have a good
>> >> > eye
>> >> > for
>> >> > knowing when someone's pushing the market around, we can just put
>> >> > our
>> >> > orders
>> >> > in and relieve some speculators of their money.
>> >> >
>> >> > Just get me working code for cross-chain trades, and we'll work on
>> >> > the
>> >> > accurate historic data problem later.
>> >> >
>> >> >
>> >> > -------------------------------------------------------------------=
---------
>> >> > Troy Benjegerdes                 'da hozer'
>> >> > hozer@hozed.org
>> >> > 7 elements      earth::water::air::fire::mind::spirit::soul
>> >> > grid.coop
>> >> >
>> >> >       Never pick a fight with someone who buys ink by the barrel,
>> >> >          nor try buy a hacker who makes money by the megahash
>> >> >
>> >> >
>> >> >
>> >> > -------------------------------------------------------------------=
-----------
>> >> > Flow-based real-time traffic analytics software. Cisco certified
>> >> > tool.
>> >> > Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow
>> >> > Analyzer
>> >> > Customize your own dashboards, set traffic alerts and generate
>> >> > reports.
>> >> > Network behavioral analysis & security monitoring. All-in-one tool.
>> >> >
>> >> > http://pubads.g.doubleclick.net/gampad/clk?id=3D126839071&iu=3D/414=
0/ostg.clktrk
>> >> > _______________________________________________
>> >> > Bitcoin-development mailing list
>> >> > Bitcoin-development@lists.sourceforge.net
>> >> > https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>> >>
>> >>
>> >>
>> >> --
>> >> Jeff Garzik
>> >> Bitcoin core developer and open source evangelist
>> >> BitPay, Inc.      https://bitpay.com/
>> >>
>> >>
>> >> ---------------------------------------------------------------------=
---------
>> >> Flow-based real-time traffic analytics software. Cisco certified tool=
.
>> >> Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer
>> >> Customize your own dashboards, set traffic alerts and generate
>> >> reports.
>> >> Network behavioral analysis & security monitoring. All-in-one tool.
>> >>
>> >> http://pubads.g.doubleclick.net/gampad/clk?id=3D126839071&iu=3D/4140/=
ostg.clktrk
>> >> _______________________________________________
>> >> Bitcoin-development mailing list
>> >> Bitcoin-development@lists.sourceforge.net
>> >> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>>
>>
>> --
>> Jeff Garzik
>> Bitcoin core developer and open source evangelist
>> BitPay, Inc.      https://bitpay.com/
>
> --
> -------------------------------------------------------------------------=
---
> Troy Benjegerdes                 'da hozer'
> hozer@hozed.org
> 7 elements      earth::water::air::fire::mind::spirit::soul
> grid.coop
>
>       Never pick a fight with someone who buys ink by the barrel,
>          nor try buy a hacker who makes money by the megahash
>
>
> -------------------------------------------------------------------------=
-----
> Flow-based real-time traffic analytics software. Cisco certified tool.
> Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer
> Customize your own dashboards, set traffic alerts and generate reports.
> Network behavioral analysis & security monitoring. All-in-one tool.
> http://pubads.g.doubleclick.net/gampad/clk?id=3D126839071&iu=3D/4140/ostg=
.clktrk
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>


--=20
Jorge Tim=F3n

http://freico.in/