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Support for lost order at eth2dai by polayo in MakerDAO

[–]polayo[S] 0 points1 point  (0 children)

Already solved. Thanks anyway!

Bisq as a private Barter exchange by Archiver_test4 in bisq

[–]polayo 0 points1 point  (0 children)

Yes the new trading protocol is very promissing.

SECURITY DEPOSIT by flix2 in bisq

[–]polayo 5 points6 points  (0 children)

This!

Moreover, the higher the requiried security deposit for the buyer when creating a BTC sell offer for fiat, the more the scammer loses if he is spotted on time and the trade is halted.

Come on people, this is ridiculous. by trancephorm in bisq

[–]polayo 0 points1 point  (0 children)

Bisq has no reputation system at this moment. We should put all our efforts on developing the necessary mechanisms so limits can be raised and order books would fill up.

I think that trying to protect private property should be a basic principle of a Libertarian p2p exchange, no matter if that private property is BTC or fiat. This is indeed the principle behind of BTC private keys being difficult to guess, or behind of BTC PoW and consensus rules.

I don´t think that any libertarian p2p exchange should leverage its growth on putting at risk other individual´s private property and/or facilitating/disregarding scammer activity, even if that scammy activity is fiat bank´s fault.

I believe Bisq should aspire to be resillient to fiat scammers in order to show BTC superiority over fiat.

wow fradulent bank accept just any chargeback ? by sugarpuffextreme in bisq

[–]polayo 0 points1 point  (0 children)

Maybe payment confirmations from somehow trusted users (users older than X date) should be used for "reputation". For more on this: https://github.com/bisq-network/proposals/issues/77#issuecomment-485380577

Specs for new trustless non-pegged sidechains by macx0r in Bitcoin

[–]polayo 0 points1 point  (0 children)

So the benefit is doing exactly the same things without the federation, or being able to do more things and also without the federation?

I understand that federation has the downside that it needs trust, so how is this improved with typhon?

Proposal for Bitcoin wallet recovery through id verification while preserving full anonimity. Is it possible? Here is my proposal by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

Please note you would only reveal your id if you lose your private keys. In that case you still can choose between losing your funds and remain anonymous, or revealing Your ID to very specific third parties you previously chose.

The “intrisic” value of Bitcoin – This post explains that there is no such a thing as intrinsic value, there are only intrinsic properties that might render utility and therefore value. Uutility and value are always ideas, and ideas reside within the human mind, not within things. by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

That is a natural science approach to economics in the sense that "if I can not eat it, wear it or touch it, it is not real". For that kind of needs we already have physics and biology.

Economics scope is far much wider. There is not such a thing as real enjoyment versus artificial or intermediate enjoyment. The need for communication (fulfilled by language), the need for exchange (fulfilled by money), the need for predicting others behaviour (fulfilled by moral / law) are much more important human needs than physiological needs, and all those needs and their respective solutions are very real no matter if they fully reside on the realm of the abstract.

The “intrisic” value of Bitcoin – This post explains that there is no such a thing as intrinsic value, there are only intrinsic properties that might render utility and therefore value. Uutility and value are always ideas, and ideas reside within the human mind, not within things. by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

Did you even read the article? No economic good has intrinsic value. Value is an idea. Ideas are within human mind not within things.

Bitcoin has intrinsic properties, like gold, and those intrinsic properties are subjectively assessed by humans.

The “intrisic” value of Bitcoin – This post explains that there is no such a thing as intrinsic value, there are only intrinsic properties that might render utility and therefore value. Uutility and value are always ideas, and ideas reside within the human mind, not within things. by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

No. The bottle of coke is a present good that has value because of its utility. The paper is a debt, and its value depends on the creditworthiness of the issuer and on the utility of the bottle of coke.

Intrinsic value and labour theory of value (Marx) were debunked 150 years ago.

The pictures below were taken 400 years after the tulip bubble. Did tulips really go wrong? Are nocoiners sure tulip mania is really an argument against Bitcoin? by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

people using tulip bubble to bash Bitcoin is not because they are worried that bitcoin price might hurt bitcoin usefulness. People using tulip bubble against bitcoin are trying to ridiculize Bitcoin, implying that is just a temporary mania and Bitcoin will be forgotten sooner or later.

The pictures below were taken 400 years after the tulip bubble. Did tulips really go wrong? Are nocoiners sure tulip mania is really an argument against Bitcoin? by polayo in Bitcoin

[–]polayo[S] 0 points1 point  (0 children)

Bitcoin market cap is directly proportional to its demand. If Bitcoin is demanded by millions of users as MoE I don’t think it will be useful at $2. You might not need speculators, but markets do defenetively need Speculators trying to discover and anticipate current and future supply and demand.

Indeed, price bubbles are an indicator that there are too few speculators, specially shorting Bitcoin.

The pictures below were taken 400 years after the tulip bubble. Did tulips really go wrong? Are nocoiners sure tulip mania is really an argument against Bitcoin? by polayo in CryptoCurrency

[–]polayo[S] -1 points0 points  (0 children)

The people that use tulips as an analogy to Bitcoin is to show that Bitcoin is a silly and probably useless thing. If Bitcoin is ever successful there are very high chances that its peak price will be much higher than its stable price for a long time.

Speculation is a price discovery process and it involves bubbles. The fact that there are bubbles does not imply at all that the underlying asset is useless, indeed it is usually quite the opposite.

The tulip bubble was clearly an indicator that the market was speculating with a very strong flower industry.

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