Bitcoin Forum

Looks like we are going to go live once again! gata love free talk live

the topic:
Lets discuses the bitcoin businesses, the good, the bad, the ugly
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There are many businesses out there right now willing to trade all kinds of services and goods for bitcoin, but this is just the beginning! Many entrepreneurs are only now starting to learn about bitcoin. Almost everyday a new bitcoin businesses is lunched, some of them totally unique, and some of them a competitor to existing bitcoin businesses...

Lets talk about:
- Which ones can be trusted
- Which ones to avoid
- Local (Real World) businesses
- Seek peek, of the big time bitcoin businesses under development right now.

your input is appreciated

I would love to see an approximate list of the biggest bitcoin accepting businesses, ranked by the amount of their trades done in bitcoin. Also, are there any big bitcoin-unique businesses in addition to SR?

With bitcoin-unique i mean something which business model could not function well without bitcoin.

ya that's what I'm trying to figure out. I don't wana talk about more then two items pre Category. I don't want to go on the air and simply list all bitcoin businesses.

so far i got these notes:

Which ones can be trusted:
  - Alpaca socks - we'll talk about what a gr8 thing bitcoin is for small business
  - Bitcoinclassifieds.net - using btcrow - for escrow

Which ones to avoid
  - e-Wallet services !  (we'll talk about Mybitcoin)

Local (Real World) businesses
   - Meze Grill
   - edle-welten.de

Seek peek
 -bitcoin.com
 - www.iforgetTheURL.com  - will be lunching with 1,000,000 products

Interesting… they are currently actually cheaper in bitcoin than in euros.

i had not noticed.. definitely worth mentioning

why do you think that is?

So, there is going to be another show devoted to Bitcoin again? I'm not sure exactly what you mean.

Poker. You might mention that Seals With Cubs is agorist online poker, not really possible before bitcoin.

Interesting! not really possible before bitcoin. is what we like to hear

not sure what you mean tho, isn't there many online poker sites?
please explain, what is agorist online poker, why is it not really possible before bitcoin.

it will not be devoted to bitcoin, but it we'll be on the show.

go to https://www.freetalklive.com/ (https://www.freetalklive.com/) on the left hand site find "Top Published" - Lets discuses the bitcoin businesses, the good, the bad, the ugly
at first it was under "Best Upcoming" but people voted it up - looks like the listener at free talk live want to hear more about bitcoin 

Agorist means business without permission. If you want to accept dollars for a gambling business you can be stopped as soon as regulations change or start being enforced. The main danger in ignoring these regulations is the choke-point of banks. Using Bitcoin we can securely hold players funds and pay them quickly regardless of any third-party opinions or regulations.

I forget that some may not be aware of the recent online poker developments. The major rooms had their funds seized until they stopped serving US players. Any remaining rooms serving the US have very slow cashouts, 1-2 months from what I hear.

http://www.bitcoindeals.com/

perfect, i will defiantly talk about this



Thank you

There is no reason to "avoid all ewallet services."  Instawallet has been amazing, reliable, and innovative. BTCinch.com is also really good, and I know the guys who run it personally - they will not be scamming anyone. Flexcoin has also been around quite a while without problems.

With ewallets, people just need to be careful and understand that they're trusting a 3rd party. For small amounts, the ease of ewallets generally outweighs the security concerns. For large amounts, ewallets are probably not prudent.

Mybitcoin was amazing, reliable, and innovative. but they got hacked.

why is Instawallet  or BTCinch any different?

You can ask the same of all the exchanges. At some point, one must trust. And that, to me, is what bitcoin is all about.

Mybitcoin.com was also run by anonymous parties who couldn't be found once bitcoins started disappearing. As a matter of fact, many had difficulty finding ways to communicate with them even before that incident.

At least in the case of BTCinch, I can also say that I know the identities and have been in contact with several individuals running that particular service.

Mybitcoin was not hacked,  they planned to steal everyones money from day one.

I strongly suspect Mybitcoin was not hacked, I think they planned to steal everyones money from day one.

Roger, I generally love your work - but that's an unfounded claim.
It might be reasonable for you to harbour that as a personal suspicion, and it may even be true - but it's not reasonable to peddle it as fact.

edit: Whether hacked or not - the mybitcoin case serves as an interesting warning about doing business with an anonymous entity, even if it had a good reputation/rating.

I don't know what happened, but I really doubt they planned to steal from the beginning. When they opened all the coins in existance were worth one big pizza party. Anyone making bitcoin services back then was in it for personal/ideological reasons. It was a crime of opportunity imo.

I think the main lesson is that people holding tons of money better be making tons themselves. I feel pretty good about Gox because they make 1000BTC some days. Tom had big responsibility, almost no pay, and huge temptation.

If you can could you please plug http://bitcoincloset.com for Bitcoin related gear. Thanks.

You are right.  I was wrong.
I have edited my original post to reflect this.

I'm sorry.

One of the things talked about on the in Roger Ver's interview on freetalklive, was the issue of trust.

how can anyone trust a bitcoin businesses?

the answer was simple and true, You just have to find out if the bitcoin business is trusted by the community.

with that said, if you have ever used your bitcoins to buy a product or service it is important you post a review on http://www.thebitcoinreview.com/ (http://www.thebitcoinreview.com/)

newbies often come to thebitcoinreview.com to find  products and services. (about 1,000 hits a day)

help build trust! post a comment or review.

Note: i will mention thebitcoinreview.com, when the issues of trust comes up, it would be nice to be able to say lots of sites have been reviewed

Hey AdamstgBit, Is there a dedicated thread where I can post a comment/constructive critique to your potentially invaluable service? I've been happy with OTC-WOT, but am amazed by the HIGH number of crypto-currency users who do not know of PGP much less use it. I would like to see a (ideally decentralized) third party rating system with strong identity (linking to an account here, OTC, facebook mug, vel similia).

There is a thread on the Project Development board, your input is welcome.

that's the problem isn't it... we what everyone to use coins, but the newbie user quickly finds out he cant us it unless he knows IRC - PGP..etc, these things seem very simple to you, But is Way to much for common users.  (i have no clue what PGP is) wiki say PGP = Pretty Good Privacy...


Thank you

https://bitcointalk.org/index.php?topic=49464.0 <- for comments and input about www.thebitcoinreview.com

StrongCoin seems very safe.

here's the thing.... if you hack StongCoin you get everyone's bits!

not a half bad incentive to hack away

StrongCoin only stores your private keys in encrypted form. They never even see the unencrypted keys.

if some points a gun to the owner of StrongCoin and says, "give me all the bits Bitch!"... the owner wont be able to give your coins for his life?

No, he won't.

True. StrongCoin doesn't encrypt the private keys - the users do.