JoleneJolene said:
:shock: :? *grips tokens tight*
This seems almost like trading shows for stock shares, just less trusted and more confusing.
I don't think it's less trusting - maybe from the
user (viewers) perspective as there is zero way back to enforce you to do a show once they "send" the bitcoins.
As far as I gather, bitcoins are part of a long chain. Each chunk, or bit, of the chain represents a "bitcoin". A bitcoin has two parts: a unique hash which identifies it, and an owners key. The owners key is the "wallet" id of a person who owns it. The owners key can only be changed by the person who currently owns the key (preventing others from taking control of your bitcoin - hence why your wallet is essentially sacred). When you "sell" (transfer, pay someone) in bitcoins, you use your key to give that block the wallet id or key of the person you are paying. Hence why it cannot be reversed - as soon as the transaction is completed, you cannot access that bitcoin again.
The entire system is distributed, so preventing an individual point of attack on the chain, as it would be inconsistent with the rest of the system and flagged. How flagged, guessing some form of trust/reputation system which would ensure other nodes in the network discount that node from the network?
So my concern wouldn't be on the actual bitcoins themselves. It is on the individuals computer who owns them (security wise) and the methods of paying in/paying out. No shop fronts, you are essentially trusting strangers with details that you may not want to
MtGox is Japanese afaik, but there's nothing to stop any old Tom, Dick and Harry from setting up a system for you to buy/sell bitcoins for real cash through... and then misbehaving with the details which you voluntarily gave them without knowing who they are, or even what jurisdiction they reside within (and whether you have any possible chance of legal recompense). Of course if they misbehave instantly they won't get any money... as users have to trust. But as with that site which disappeared with tens, maybe hundreds of thousands of peoples bitcoins, if you can build up trust and somehow disappear in a sphere of anonymity - then it could really shake people's trust and belief in something.
There are risks as I keep saying, but I don't think it's the bitcoins
themselves. Merely the interface that would make them useful is where my reservations would lay
As I keep saying though, it's a fascinating concept. Just don't think I'll be adopting it any time soon - I am far to risk adverse and don't offer anything which can be "free" (as in not cost me anything but can make bitcoins).
For a camgirl who isn't so risk adverse, I can imagine that if such a novel thing appeared there may be a proper pot of cash waiting for them. The cost may be "low" in comparison, as you just get naked. Since thousands or tens of thousands see you naked anyway without paying, probably not much difference for a few more seeing it
The returns, at least for the first individual or two, could be substantial if the
right girl was to try. No offence to most - but thinking Crazysysy type - the sort that seems to make men dribble and foam just by smiling and shaking her tush in their direction and is likely to spread in notoriety like wildfire (rapidly gaining an audience). A potential (small) market where
everyone there is a "premium" (bitcoins site, stands to reason they've all got bitcoins) and like tokens...once they've got those bitcoins, maybe they're just sat being unspent. Makes it more tempting to use them
.
And yeah, I am half-kidding...I know that nothing on the internet is a secret, but geez! If you thought SW lurkers were a problem before, you just made it worse by posting that here. SMH.....
SweetPinkCupcake
