What computer language is it written in?

Your link doesn't work for me. I get a 404 error.

It would be nice to read a description of what you're planning.

I didn't really understand the focus on that particular group of products/services. The rest sounds interesting, although hard to picture. It would help to write out an explanation for the layman of how it would work and what it would look like.

What is the purpose of your mention of 'Global Domains International'?

A quick google search reveals this to look a lot like a creepy pyramid scheme affiliate program.


EDIT:

Evidence for GDI acting as a tax on idiots : just take one look at their website ... http://globaldomainsint.ws/

wow.

Yes.

Im a big fan of the unhosted movement. I think we are heading in a direction where the cloud is being 'dumbed down' and more and more computation occurs on the client side. A nice democratisation of power!

To support open discovery services, the server side component could be relatively simple. As you say it really only needs to provide data storage and indexing. This part could be highly distributed for performance/reliability gains. This could operate as a very light layer above something like RIAK.

The cloud component could even be achieved peer-peer, where anyone can become a node and possibly even receive Bitcoin payments for their efforts.

Your manufacturing equipment business case could be realised as an HTML5 app that simply uses the API of the aforementioned cloud service.

The cryptocurrency exchange could be another.

Protip: There is no software solution to this problem.

All the code needed to make a distributed exchange already exists - what's missing is the human capital: people willing to step away from the keyboard, go outside, and do stuff out in the real world.

If you want to solve this problem the first thing to focus is getting as many people as possible to start actively trading on localbitcoins.com. This is harder than it sounds, however, because you do actually have to go out and get your hands dirty in the real world. It involves communication, negotiation, arranging meeting places, and some degree of financial savvy.

Get 1000 new people involved in operating their own local exchanges and they'll be too busy actually solving the problem to have time to worry about whether they should use Riak to TahoeLAFS for yet another order book system that isn't even needed.

False.

You cannot trade other currencies, do arbitrage, nor especially options and futures in bitcoin using localbitcoins-like services.

These financial instruments all work towards reducing volatility in a currency, and therefore are exactly what bitcoin is lacking right now.

Localbitcoins is great, but it and the OTC markets are just the absolute bare minimum of what we need to for bitcoin to survive on... If you want it to thrive and be less volatile, you need to be able to arbitrage it and forex it with many different currencies.

Serious daytraders in financial centers around the world who are used to their 3-monitor wrap-around trading consoles with graphs and charts out the wazoo need to be able to trade bitcoin in their software platforms. MtGox isn't even able to deliver that yet, so clearly Localbitcoins is going in the opposite direction from what we need.


I'm sorry, but this may be the most thoughtless statement I've read on the internet to date... How can you suggest for a nanosecond that Bitcoin doesn't have enough human capital? Name one other organization, on this whole spacefaring rock, that has as many volunteers as bitcoin does!

If that's not good enough for you, I submit that you simply aren't going to get any solutions through adding more manpower.

If you give the world what it IS ABSOLUTELY BEGGING US FOR; a better exchange than mtgox that can't be taken down by governments, then all of today's problems are solved. No additional manpower needed.

Do you care about the fluctuation in price of a bitcoin?

Would you care if there were so much fluctuation that you can't convince a single merchant to touch bitcoins because he can't fathom what it is?

Arbitrage and forex FLATTEN OUT THE GRAPHS. You can't convince merchants to use bitcoin if it's going up and down multiple times in a minute.

The bitcoin price seems to have stabilized... at least for now. Its been around $100 or just above  since the fourth of this month.

That's simply not good enough. Consumers expected $1 to buy a loaf of bread for decades... Of course they can't expect that anymore, but hopefully you get a sense of the timescale we're looking for here when we talk about lowering volatility.

In fact since the price of a bitcoin is going up to $thousands of USD per coin someday, we're clearly still in price discovery mode now and a "Low volatility" environment would be one that grows at a very steady rate, such as 1% a month like clockwork... Very flat, just slightly upwards.

That's what we all should want and if we had it bitcoin would be the most desirable currency/value store on the planet for every last person on earth... There would be so much love for that coin that even the sheeple would lead an armed revolt at anyone that tells them they can't have it.