I think I can grant Simu-Drone status to Eamonn O Brien. He's hooked. :D

The article mentions how templates for smart contracts could be developed and sold in a competitive marketplace much like "themeforest" etc... So, should really make a go at learning to code :p Might come in handy...

There is no "might" in what I teach :P

Learn to code. You will learn to think.

Eventually Ethereum's front end will be very user friendly yes? Much like using Facebook to create groups or other features...

Guaranteed. It's a whole new market.

HMMM ground floor huh"? I missed the bitcoin train this seems like something I could get involved in to earn currency for my value.

www.codeacademy.com Get crackin'! :)

That is an excellent site Eamonn. I am going through it with the children.

It's actually not an "excellent site", Tara and I both ran into issues with it. Try this instead: http://interactivepython.org/runestone/static/thinkcspy/index.html

What kind of issues? We haven't had any here so far, so I will watch for them. In the meantime though, we will get into this new site you've put me on to.

I was using it yesterday and the translator from code to front end kept crashing... Didn't get very far... ?

From the article "Although you got your mortgage through a bank, that bank won't generally hold onto it for the entire 30-year loan; it will be sold to an investor." reference to securitisation of the promissory" just applying logic, apologies if a shit stain .

Yeah, bundling debts and selling them on. Debtors still need to pay off their agreed mortgage though! ?

I lend Eamonn O Brien �1 and he signs an IOU for said amount. Eamonn O Brien at some time in the future knocks on my door and pays me back the borrowed �1 . Should Eamonn O Brien ask me for anything in return at this point?

Banks don't lend money though, they only act as an exchange...

You're missing my point . Let's pretend (like they do ) for a minute. Who mentioned Banks anyhow?

I'm with Michael. I missed the bitcoin train but realised coding will become very important. So I'm attempting to learn Python from here: http://learnpythonthehardway.org/book/ This one seems ok so far. Concepts are sticking for some reason so I'll stick with it

Back to your question. If you handed me a pound and then I gave it back then I wouldn't feel im owed anything in return... A simple iou would have no ties with the person's trust account... Maybe I am missing your point I dunno?

Ask for the IOU back.

Eamonn O Brien see Alan Day answer:-)

What was the point of your question max? Not being smart, just wondering... I know about the process of claiming back the value of the note once a loan is repaid...

That was the point. As you know the "money" is created by your promise to pay. Effectively you are borrowing from your future self . The fraud is double in the sense of no disclosure that your promise to pay (promissory note) creates the funds and also the note is security without your permission as this is also not disclosed at the outset. I have a fucked up memory so I hope this is not a shit stain but I try not to discuss stuff that hasn't sunk in Scott Duncan may kick my ass on this :-)

The only way they can legally PAY you is with CASH :D They aren't about to do that. File a claim.

I followed Scott's lesson on the "reclaiming the value" of the note pretty well. I don't plan on borrowing anything myself anytime soon so prob won't put it into practice myself. Was it Will Bed who was in the process of doing it a while ago? Pete Daoust?

I missed that Eamonn O Brien but I try to stick to the absolute basics so as not to get caught up in complex shit .

Yeah, one minute you've got it all figured out next minute you're in tears with confusion! ?

^^ That's my point :-)

Yes Eamonn O Brien, and Bank of Canada seems to want to AVOID Will Bed at all COST :D

Is he still pushing them for it?

Re: the issues. If memory serves there were two. The first is hard to describe, but essentially is like showing someone a clock and then asking them to build a watch. There are cases where (to me at least) the foregoing information was insufficient to extrapolate how to complete the requested tasks. The second involves the site itself. You can't (or at least could not) proceed to the next task until you complete the current one. In the cases where they said you could input any working code, any working code was not always accepted. You could put your code into a code analyzer and it would come up clean. On the site, however, sometimes the module was broken and needed to be restarted, or your code needed to be rewritten until it exactly matched their expectations. When you are trying to learn something, accurate information is key.

Apologies to all for digressing !

Thanks Tara Duncan

Also, a warning in advance; programmr.com has very similar issues. It's an interactive site, the same as codecademy, and the lessons are sort of like this: Lesson 1 - Variables! Create one. Lesson 2 - Strings! Create one. Lesson 3 - Arrays! Create one. Lesson 4 - Write a complex sorting algorithm to find the lowest subset sum within this really long string of integers!

http://i0.kym-cdn.com/photos/images/newsfeed/000/572/078/d6d.jpg

http://i3.kym-cdn.com/photos/images/original/000/572/091/b22.jpg

LMAO!

It's totally like that. :D

Shit, if I knew this in my 20's... :/

http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich