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Bitcoin => Bitcoin Discussion => Topic started by: BitPay Business Solutions on February 21, 2012, 09:43:59 PM



Title: [ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins!
Post by: BitPay Business Solutions on February 21, 2012, 09:43:59 PM
The Campaign with Max Keiser begins now.

Max's developers have successfully integrated Bit-Pay as a payment option in parallel to PayPal, to accept bitcoins for any project listed on http://piratemyfilm.com (http://piratemyfilm.com)
  
On their site, using the two options side-by-side, Bit-Pay is FAR superior to PayPal.  Max will be promoting bitcoins heavily now that his own site is using them, and using them very well.

The first project to accept bitcoins will be our "Screw Banks" animated video and radio spot.

Here is the project listed on PMF:  http://www.piratemyfilm.com/projects/304 (http://www.piratemyfilm.com/projects/304)

Pledge as little as $5 to help get this project produced!

Here's a little pricing comparison.  

For a $5 sale, Paypal takes 30 cents plus 3%, so the producer only gets $4.55.
Using Bit-Pay, the producer gets $4.95.  The nickel comes to Bit-Pay.

Technically, the Bit-Pay solution is also superior to PayPal.  Our callbacks have been integrated on the PMF back-end to mark payments as paid. PayPal will not give Max this capability.  PayPal has the capability, they just will not let Max use it.  No wonder in max's email to me he says  "i f******* hate paypal"

The way PMF works is you pledge a donation.  You only pay when the project is 100% committed and greenlit, then everyone who pledged can pay their donation.

It's a neat site, Max promotes it heavily, and now he will be promoting Bitcoin with it.

EDIT: We actually developed a new feature at Bit-Pay to make the payments easier.  You can now do a POST request to Bit-Pay to generate an invoice by just supplying your email address.  This is not sending bitcoins to an email address, this is posting to our server to create an invoice, using your account email as identification.

Any producer at PMF can now simply enter their email address (that is their registered merchant account at Bit-Pay) and PMF will enable their project to accept bitcoins.  That's it!

UPDATE:  PirateMyFilm has dumped PayPal and gone 100% bitcoin!  I have made this short video to show how the producers that list projects on PMF can get setup to accept bitcoins.

http://www.youtube.com/watch?v=XCmeixJEsOE (http://www.youtube.com/watch?v=XCmeixJEsOE)




Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: V4Vendettas on February 21, 2012, 10:03:53 PM
5 shares in Screw Banks  ;D

Now I take it I just have to wait for an email telling me its time to pay up.

Awsome stuff btw.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: TheHarbinger on February 21, 2012, 10:05:05 PM
You folks at Bit-Pay are doing wonderful, fantastic things.

If people keep giving me all these great reasons to donate my coins, I'm going to run out of coins in no time...  ;D

You can just give your coins to me, I will be more frugal with them.  I promise. ;D

Nice job Bit-Pay, this is the sort of stuff that needs to happen if BTC is going to move out of the internet dark corners into the mainstream mind.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: evoorhees on February 21, 2012, 10:13:20 PM
Baller.

PMF needs the "Bitcoin Accepted Here" badge on there somewhere. That's one of the most important things for people to start seeing on websites. Also make sure the FAQ or How it Works description of the process mentions Bitcoin as a payment option.

Great work!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: ArticMine on February 21, 2012, 10:20:10 PM
The real advantage lies with those who do not have a credit card or Paypal account. The real choice here is not between $4.95 via Bitcoin / Bit-Pay or $4.55 via Paypal but rather between $4.95 via Bitcoin / Bit-Pay and no sale.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 21, 2012, 10:26:11 PM
PMF needs the "Bitcoin Accepted Here" badge on there somewhere. That's one of the most important things for people to start seeing on websites. Also make sure the FAQ or How it Works description of the process mentions Bitcoin as a payment option.

We are working on this now.  He needs instructions for his producers to setup to accept bitcoins, and for users to get them.  We will mention BitInstant


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: stick_theman on February 22, 2012, 01:12:58 AM
You folks at Bit-Pay are doing wonderful, fantastic things.

+1


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Piper67 on February 22, 2012, 02:19:37 AM
One of these days maybe, just maybe, Bit-pay will do something slightly less than awesome... :)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 27, 2012, 03:16:50 PM
Guys Max is getting anxious, I just got tihs email from him

we need bitcoin people to signup and reserve shares in 'screw'

or, we go with paypal and try again with bitcoin next time... ?

Please go to http://www.piratemyfilm.com/projects/304 (http://www.piratemyfilm.com/projects/304) and reserve shares in this video project.  The cost is as little as $5 and you can pay with bitcoin!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Koekiemonster on February 27, 2012, 03:25:53 PM
You should fix that link ;)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: meanig on February 27, 2012, 03:27:14 PM
The link should be

http://www.piratemyfilm.com/projects/304 (http://www.piratemyfilm.com/projects/304)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 27, 2012, 03:49:12 PM
Fixed, thanks!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: damnek on February 27, 2012, 04:14:04 PM
Reserved a share, but I have to say I don't really understand the PMF site. I'm just interested in the "screw" project so I don't feel like figuring everything out. How do I pay for my share?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: damnek on February 27, 2012, 04:15:25 PM
we need bitcoin people to signup and reserve shares in 'screw'

or, we go with paypal and try again with bitcoin next time... ?

How does one exclude the other?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: meanig on February 27, 2012, 04:21:47 PM
I reserved a share a too but I must say that the site is very badly designed  :-\


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: bbit on February 27, 2012, 05:12:55 PM
they probably should remove the big paypal banner advertisement  up top  ???


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Fizzgig on February 28, 2012, 06:10:30 AM
YES!!! Great job Max + Bit-Pay!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: ahbritto on February 28, 2012, 07:07:17 AM
I reserved the max earlier today: $25


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 28, 2012, 07:17:42 AM
Thanks guys!  Let's show max the power behind the bitcoin community.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: tvbcof on February 28, 2012, 08:02:03 AM
I've never gotten around to figuring out PMF.

Ideally PMF would get it together with Bitcoin and I would be offered and offer exactly one thing each:

 - They tell me:  A Bitcoin address to send Bitcoin to (green)
 - I tell them:  A Bitcoin address to remit any proceeds to.

I don't want to dick around with bit-pay accounts, PMF accounts, 'following' this and that, and on and on.  Bitcoin should be stone simple and anonymous and as best I can tell, it _could_ be.  I have not a whole lot more interest in having a bit-pay account than having a pay-pal account to be honest.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Fizzgig on February 28, 2012, 10:36:17 AM
Just sign up, pledge money and then you are ready to own stock, if the film gets the required pledges you then purchase the stock. After you have your stock, not sure what you do but I'm just doing it to donate to films I want to see made.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BTCurious on February 28, 2012, 05:46:41 PM
Just sign up, pledge money and then you are ready to own stock, if the film gets the required pledges you then purchase the stock. After you have your stock, not sure what you do but I'm just doing it to donate to films I want to see made.
From what I understand: If the movie would be sold or advertised on, it could produce revenue, and you could be paid dividends on your shares. The "Screw banks, use Bitcoin" movie however will be free, so buying shares will just be in support of getting the film made, as you said.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Phinnaeus Gage on February 28, 2012, 05:54:31 PM
Just sign up, pledge money and then you are ready to own stock, if the film gets the required pledges you then purchase the stock. After you have your stock, not sure what you do but I'm just doing it to donate to films I want to see made.
From what I understand: If the movie would be sold or advertised on, it could produce revenue, and you could be paid dividends on your shares. The "Screw banks, use Bitcoin" movie however will be free, so buying shares will just be in support of getting the film made, as you said.

Obviously, any dividends would be paid in bitcoins?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 28, 2012, 06:11:55 PM

Obviously, any dividends would be paid in bitcoins?


Yes.  PMF is setup that revenue-generating films can pay dividends, in BITCOINS, to shareholders.  This is a freely distributed project so unless we let YouTube spam it with ads, it won't have any revenue.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on February 28, 2012, 06:27:13 PM
Guys Max is getting anxious, I just got tihs email from him

we need bitcoin people to signup and reserve shares in 'screw'

or, we go with paypal and try again with bitcoin next time... ?

Please go to http://www.piratemyfilm.com/projects/304 (http://www.piratemyfilm.com/projects/304) and reserve shares in this video project.  The cost is as little as $5 and you can pay with bitcoin!

88% funded. 

Just 36 shares remain.

Shares are $5 each and for now, you are simply reserving them.  Payment (in bitcoins, at market rate I'm assuming) is made after all shares are reserved.

 - http://www.piratemyfilm.com/projects/304


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Wandering Albatross on February 28, 2012, 08:05:13 PM
Quote from: tvbcof
I've never gotten around to figuring out PMF.

Ideally PMF would get it together with Bitcoin and I would be offered and offer exactly one thing each:

 - They tell me:  A Bitcoin address to send Bitcoin to (green)
 - I tell them:  A Bitcoin address to remit any proceeds to.

I don't want to dick around with bit-pay accounts, PMF accounts, 'following' this and that, and on and on.  Bitcoin should be stone simple and anonymous and as best I can tell, it _could_ be.  I have not a whole lot more interest in having a bit-pay account than having a pay-pal account to be honest.



I completely agree that PFM should handle all transactions and not use a middle-man, escrow, bank or whatever you want to call bit-pay.

Couple of clarifying points.  This film isn't meant to produce revenue as it will be offered for free.  So there's no dividends for this film.
If it's greenlighted than your donation is kept by the filmmakers.

I think the reason PMF is using bit-pay is so that bit-pay handles paying people back if the film doesn't get fully funded or in the case of a film that returns dividends bit-pay would pay those dividends on behalf of PFM.







Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on February 28, 2012, 08:10:23 PM

I think the reason PMF is using bit-pay is so that bit-pay handles paying people back if the film doesn't get fully funded or in the case of a film that returns dividends bit-pay would pay those dividends on behalf of PFM.


The main reason is that they need a fully automated system to set prices in dollars, monitor the bitcoin network, and automatically record the specific order in their system as being paid when the bitcoins are received.  

They could do this themselves with a home-grown system, but it will likely take them several months and it will be full of bugs.  Our system is far faster to implement and more stable than a home-grown alternative.

Here's a good outline of the do-it-yourself approach, and how bit-pay makes it easier

https://bit-pay.com/api.html (https://bit-pay.com/api.html)

The key is that merchants don't have to know anything about bitcoin, or how it works, to accept bitcoins easily.




Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Technomage on February 28, 2012, 09:28:21 PM
90% funded. 31 shares remain. Keep it up guys! :)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Raoul Duke on February 28, 2012, 10:22:43 PM
Ok, reserved 5 shares. Let's get it!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: tvbcof on February 29, 2012, 02:05:51 AM

I think the reason PMF is using bit-pay is so that bit-pay handles paying people back if the film doesn't get fully funded or in the case of a film that returns dividends bit-pay would pay those dividends on behalf of PFM.


The main reason is that they need a fully automated system to set prices in dollars, monitor the bitcoin network, and automatically record the specific order in their system as being paid when the bitcoins are received.  

They could do this themselves with a home-grown system, but it will likely take them several months and it will be full of bugs.  Our system is far faster to implement and more stable than a home-grown alternative.

Here's a good outline of the do-it-yourself approach, and how bit-pay makes it easier

https://bit-pay.com/api.html (https://bit-pay.com/api.html)

The key is that merchants don't have to know anything about bitcoin, or how it works, to accept bitcoins easily.


I didn't particularly mean to 'dis your service and I think you are doing great things, but I would rather see third-parties avoided when possible.  I, for one, am both annoyed at having to keep track of a zillion accounts all over the place and also sensitive about information within those accounts being leaked.

PMF with their lofty goals, big talk about hating the mainstream markets and financial systems, and not-completely-retarded (if busy) principle actors should be able to figure out 'native' Bitcoin...particularly for a campaign which has no revenue stream.  And if they cannot, surely they can find someone who can.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Steve on February 29, 2012, 04:17:35 AM
I didn't particularly mean to 'dis your service and I think you are doing great things, but I would rather see third-parties avoided when possible.  I, for one, am both annoyed at having to keep track of a zillion accounts all over the place and also sensitive about information within those accounts being leaked.

PMF with their lofty goals, big talk about hating the mainstream markets and financial systems, and not-completely-retarded (if busy) principle actors should be able to figure out 'native' Bitcoin...particularly for a campaign which has no revenue stream.  And if they cannot, surely they can find someone who can.
We view what we do as a service provided to merchants.  Merchants will need to integrate with bitcoin in one way or another and they'll have to hire someone to do it (or spend time doing it themselves).  We offer cost savings by providing similar services to many merchants.  I agree that it's good to have a diversity of solutions available.  We can't be and wouldn't want to be the only ones providing bitcoin merchant solutions.  That would be a single point of failure, which is bad for bitcoin (much like bitcoin is currently very dependent on just a handful of exchanges).  And if it's bad for bitcoin, it's bad for us.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: LoupGaroux on February 29, 2012, 04:45:09 AM
At 97% right now. 11 shares green lights this project.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: tvbcof on February 29, 2012, 07:13:34 AM
I didn't particularly mean to 'dis your service and I think you are doing great things, but I would rather see third-parties avoided when possible.  I, for one, am both annoyed at having to keep track of a zillion accounts all over the place and also sensitive about information within those accounts being leaked.

PMF with their lofty goals, big talk about hating the mainstream markets and financial systems, and not-completely-retarded (if busy) principle actors should be able to figure out 'native' Bitcoin...particularly for a campaign which has no revenue stream.  And if they cannot, surely they can find someone who can.
We view what we do as a service provided to merchants.  Merchants will need to integrate with bitcoin in one way or another and they'll have to hire someone to do it (or spend time doing it themselves).  We offer cost savings by providing similar services to many merchants.  I agree that it's good to have a diversity of solutions available.  We can't be and wouldn't want to be the only ones providing bitcoin merchant solutions.  That would be a single point of failure, which is bad for bitcoin (much like bitcoin is currently very dependent on just a handful of exchanges).  And if it's bad for bitcoin, it's bad for us.

I appreciate that Bit-Pay is facilitating adoption by mainstream vendors, and hence my comment.

It does occur to me that a great many economic relationships could be handled by Bitcoin in it's native form and specifically _without_ need for accounts.  If any organization is keen to get me to have an account, I in turn am especially keen to NOT have one with them.  (I'm sick to death of everyone wanting more info on others than they need for their stated business goals and this is really becomming endemic as the Internet evolves which is, to me, one of the reasons that Bitcoin is such a breath of fresh air.)

In the case of PMF, and a lot of other things I've dreamed up, the actual needs are highly simple and there is no need for accounts due to the features inherent in Bitcoin.  As I mentioned earlier, if I have a green address of PMF's, I can send both funds, and instructions (by way of a small transaction for a specific amount.)  PMF need only an address to send what they owe me (refund if not fully funded, or installments in more complex campaigns.)  If they keep open books, I can cross-check that I am not being cheated...and if they won't keep open books there is some problem there and I don't want to be involved.

A solution such as I've outlined should be very easy to secure with no external access at all, and the logic involved in the BTC flows and instruction set should be very straightforward to code.  Have you guys (in bit-pay-land) considered offering a service to make such a solution practical to those who don't absolutely need a pay-pal-esque solution?  Needless to say, you could run in entirely in-house and square with the vendor in ways that users don't care about.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: damnek on February 29, 2012, 03:41:11 PM
Yellow light is on! Shares are reserved.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Steve on February 29, 2012, 04:20:13 PM
A solution such as I've outlined should be very easy to secure with no external access at all, and the logic involved in the BTC flows and instruction set should be very straightforward to code.  Have you guys (in bit-pay-land) considered offering a service to make such a solution practical to those who don't absolutely need a pay-pal-esque solution?  Needless to say, you could run in entirely in-house and square with the vendor in ways that users don't care about.
Bear in mind that only the person raising funds through PMF needs a bit-pay account.  If you're just pledging support for a PMF project, you do not need a bit-pay.com account (unlike Paypal…although I suppose you might be able to pay with credit card through paypal without opening a paypal account).

As for using bitcoin transactions in specific amounts to indicate specific things, while clever (and I see something similar being done with bitcoin options markets), I'm not convinced that's the best approach in the long run.  Creating an "account" for such things doesn't have to be any more onerous or any less private.  And consider that instructions sent via bitcoin transactions is actually putting those instructions out there for all the world to see, which if the bitcoin addresses involved could be traced back to the owner, could be quite revealing.

Instead, you could do something similar to some of the web based wallets, where all information passed to and stored by the service is encrypted and is only decrypted and used on the client machine…on the server side, there would be no ability to decrypt the users' information.  And all communications could be done via some form privacy protecting overlay network ala i2p.  You account(s) with such a service would be identified by a hash of a public key (much like bitcoin).  Depending on the nature of the service, the software on the server may do little more than serve up the software and account data necessary for everything that needs to happen on the client in a p2p fashion.

I definitely would like to make progress in these directions with bit-pay, but at the moment we have so many other things we're working on (and that are much needed) that I doubt we'll do anything on this front very soon.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on February 29, 2012, 04:29:42 PM
Yellow light is on! Shares are reserved.

Here's how the project goes from Yellow Light to Green Light:

Quote
PMF 'Yellow Lights' a project when reservations have reached close to 100% of a project's funding requirement. When the Yellow Light goes on, owners of projects can no longer make changes to their projects and members cannot cancel reservations, but members may initiate or increase share reservations (per member restrictions).
24 hours later, the project automatically gets a 'Green Light' and no more share reservations are accepted. A 'payment window' is opened, and an email is sent to shareholders telling them how to pay for their shares.

Members have 2 days to pay for their shares. After 2 days the first payment window closes while a second payment window is automatically opened (and a new email is sent out). Any members who did not pay for their shares during the first window have another chance to pay, but their reservation has been moved to the end of the queue and there is a risk that others waiting in the queue ('standby') may obtain shares ahead of them.

This process is repeated 2 days later when a third payment window is opened. After which, if there are still shares unaccounted for, the PMF Fund may step in and buy them.
- http://www.piratemyfilm.com/static/how_it_works

Though this project is now oversubscribed by a dozen shares, it possibly could end up with unsold shares yet.  While it is yellow light (a matter of just a few more hours) anyone can still register and reserve shares, or reserve additional shares (up to a maximum of 5 per account).


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Wandering Albatross on February 29, 2012, 04:53:32 PM
Quote from: tvbcof

In the case of PMF, and a lot of other things I've dreamed up,
You're not saying that you thought of PFM, right?

Quote from: tvbcof
the actual needs are highly simple and there is no need for accounts due to the features inherent in Bitcoin.  As I mentioned earlier, if I have a green address of PMF's, I can send both funds, and instructions (by way of a small transaction for a specific amount.)  PMF need only an address to send what they owe me (refund if not fully funded, or installments in more complex campaigns.)  If they keep open books, I can cross-check that I am not being cheated...and if they won't keep open books there is some problem there and I don't want to be involved.

These are good points. I would like to see open books across all/any project that asks for donations. It will happen someday. The sooner the better. Following the money trail will tell you, quickly, a lot about a project or org.

Quote from: tvbcof
A solution such as I've outlined should be very easy to secure with no external access at all, and the logic involved in the BTC flows and instruction set should be very straightforward to code.  Have you guys (in bit-pay-land) considered offering a service to make such a solution practical to those who don't absolutely need a pay-pal-esque solution?  Needless to say, you could run in entirely in-house and square with the vendor in ways that users don't care about.

If what you're saying is to have bit-pay offer a service, that donors to PFM never see or have to deal with, then yes that would be preferred. bit-pay might take less per transaction but they could still work out something. Of course there will be such a solution written by the community soon so bit-pay will have to look hard at their model and become irrelevant.

I'm not bit-pay-bashing either but the nature of BTC is that of a decentralized, anonymous spend/pay system and it needs to stay that way no matter how many sirens sing their songs of ease-of-use or convenience, etc.

Is all the code for bit-pay free (as-in freedom)?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: tvbcof on February 29, 2012, 05:29:19 PM
Quote from: tvbcof

In the case of PMF, and a lot of other things I've dreamed up,
You're not saying that you thought of PFM, right?

No, no.  An earlier adventure that I was thinking about was a way of giving out BTC to the general public to get more people involved.  I envisioned a solution which did not require the recipients to have accounts on the donation system, but the concept was so foriegn as to not be broadly accepted (and a real bitch to try to explain.)

Quote from: tvbcof
the actual needs are highly simple and there is no need for accounts due to the features inherent in Bitcoin.  As I mentioned earlier, if I have a green address of PMF's, I can send both funds, and instructions (by way of a small transaction for a specific amount.)  PMF need only an address to send what they owe me (refund if not fully funded, or installments in more complex campaigns.)  If they keep open books, I can cross-check that I am not being cheated...and if they won't keep open books there is some problem there and I don't want to be involved.

These are good points. I would like to see open books across all/any project that asks for donations. It will happen someday. The sooner the better. Following the money trail will tell you, quickly, a lot about a project or org.

I could not put it better.  From a system design point of view, I think that the best way to make people feel like they are not being taken advantage of is to have a system so simple that there are few realistic way to do so, and to give the users all the tools they need to verify things to their level of interest.  Simple systems also have other benefits in my experience.

I really like JAV's Instawallet approach.  I have to retain and keep secret one URL, but that's it.  Even if I do my part, he could still take me for all the BTC I have there, but that is clear both through his documentation and from common sense so I just keep some spending money with that service.  JAV never requested more info from me than he needed, and if I want an extra level of privacy from him, I just have to be careful about from whence I access the site.  (I've actually not checked my Instawallet for a while and have more funds there than I should at the moment...though no more than I can afford to lose of course.)




Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on February 29, 2012, 05:40:40 PM
Awesome! Thanks Tony and everyone else involved!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Phinnaeus Gage on February 29, 2012, 05:43:03 PM
Quote
(I've actually not checked my Instawallet for a while and have more funds there than I should at the moment...though no more than I can afford to lose of course.)

Just like one wouldn't carry their life savings around in their wallet each time they go out in public to go shopping.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: tvbcof on February 29, 2012, 06:37:31 PM

Bear in mind that only the person raising funds through PMF needs a bit-pay account.  If you're just pledging support for a PMF project, you do not need a bit-pay.com account (unlike Paypal…although I suppose you might be able to pay with credit card through paypal without opening a paypal account).


Thx for the clarification.


...

I definitely would like to make progress in these directions with bit-pay, but at the moment we have so many other things we're working on (and that are much needed) that I doubt we'll do anything on this front very soon.

Completely understandable.  It does seem to me from some of your other posts that you are sensitive to the variety of privacy considerations that people might have in addition to the challenges facing both the producer and consumer ends of the user base.  I'll look forward to seeing how your offerings evolve going forward.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: V4Vendettas on March 01, 2012, 09:21:19 PM

So I got an email letting me know you got a yellow light.

Congrats!

So I take it I now get an email letting me know how I pay ?



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 01, 2012, 09:31:06 PM

So I got an email letting me know you got a yellow light.

Congrats!

So I take it I now get an email letting me know how I pay ?


Yes, Yellow Light means the payment window will open in 24 hours and it's a last chance to buy shares.  It has been yellow for a little while now so I expect the green light to happen within the next few hours.  The green light is the payment window.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: V4Vendettas on March 01, 2012, 09:46:25 PM
Ok cool but still no idea how to actualy pay but im sure it will all be clear soon enuf.
If its not clear well I'll just send you the coins because I cant face trying to find my way around that site.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 02, 2012, 01:10:18 AM
The green light is on!  If you didn't get an email, login to PMF and you will see the payment instructions.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: ahbritto on March 02, 2012, 01:12:19 AM
The PirateMyFilm e-mailing program needs to be corrected.  It mentions PayPal instead of Bitcoin.

Payment sent!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BTCurious on March 02, 2012, 01:15:23 AM
Payment sent!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 02, 2012, 04:37:42 AM
The green light is on!  If you didn't get an email, login to PMF and you will see the payment instructions.

It went green being oversubscribed by 45 shares (115% level reserved), thanks to the limit increase a few days ago where the max per-person changed from $25 to $50 (max 5 shares changed to max 10 shares).

This was my first transaction where the merchant was using Bit-Pay.  That worked quite slick.  After I sent payment and refreshed the Bit-Pay invoice page showed a "Bitcoins Paid" field that showed the amount I had just sent.

I got an e-mail from PirateMyFilm after the transaction confirmed (6 confirmations it seems) and when I viewed the project page when logged in it shows my payment status properly.  i.e., all good, I'm now a paid-up and fully registered shareholder for this project!
 - http://www.piratemyfilm.com/projects/304


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: LoupGaroux on March 02, 2012, 05:18:16 AM
Kudos on a smooth and easy implementation for bitcoin payment. Impressive on a number of levels.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BTCurious on March 02, 2012, 07:13:38 AM
The green light is on!  If you didn't get an email, login to PMF and you will see the payment instructions.

It went green being oversubscribed by 45 shares (115% level reserved), thanks to the limit increase a few days ago where the max per-person changed from $25 to $50 (max 5 shares changed to max 10 shares).

This was my first transaction where the merchant was using Bit-Pay.  That worked quite slick.  After I sent payment and refreshed the Bit-Pay invoice page has a "Bitcoins Paid" field that showed the amount I had just sent.
It even works if you send it in parts; it just immediately (after a few seconds) how much you still need to pay. It's very convenient!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Indemnified on March 02, 2012, 07:19:24 AM
Payment sent


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 02, 2012, 03:03:38 PM
This was my first transaction where the merchant was using Bit-Pay.  That worked quite slick.  After I sent payment and refreshed the Bit-Pay invoice page has a "Bitcoins Paid" field that showed the amount I had just sent.
It even works if you send it in parts; it just immediately (after a few seconds) how much you still need to pay. It's very convenient!

Thanks guys.  Yes we can handle underpayments, partial payments, late payments, and overpayments.  Its all part of the service we offer to merchants to give them a hassle-free way to accept bitcoins.  They set the price in dollars ($5 per share in this case) and Bit-Pay does the rest, and sends the callback when the payment is complete.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Technomage on March 02, 2012, 05:08:12 PM
Payment sent as well.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 02, 2012, 05:19:19 PM
$500 has been collected, all in Bitcoins!

http://i59.photobucket.com/albums/g296/tonygal/2012-03-02_1216.png

Max will be talking about this on the Keiser Report (Russia Today) in the near future.  if you have not paid yet, please do so by tomorrow when the payment window will close.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BkkCoins on March 02, 2012, 05:44:12 PM
This seem interesting but looks like I missed out on it as it's over subscribed.

What I don't understand is why the PMF site doesn't provide some kind of clear detailed explanation of what the project being funded involves. I would have thought at the top a section would say "here's what we want to make and here's what dividends will be paid (none)". I looked around the page for a while before figuring out that, oh, it seems like a 1 minute animation is what's being talked about here.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 03, 2012, 02:25:39 PM
This is bringing in some good first-time users!  Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: ArticMine on March 03, 2012, 06:04:44 PM
This is bringing in some good first-time users!  Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.


It is also very likely that they did not have a credit card or PayPal account, had never heard of Bitcoin before and wished to participate. There are many people who do not have a credit card nor do they have a PayPal account and who would love to purchase things online. When thay get presented with Bitcoin as a payment option they will go out of their way to research and purchase Bitcoin because that is in effect their only option to participate in the online economy.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 03, 2012, 06:20:00 PM
It is also very likely that they did not have a credit card or PayPal account, had never heard of Bitcoin before and wished to participate. There are many people who do not have a credit card nor do they have a PayPal account and who would love to purchase things online. When thay get presented with Bitcoin as a payment option they will go out of their way to research and purchase Bitcoin because that is in effect their only option to participate in the online economy.

Yes, one guy bought Second Life linden on a credit card, then exchanged them for bitcoin, just so he could participate in paying with bitcoins for the first time.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 03, 2012, 06:54:41 PM
This is bringing in some good first-time users!  Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.

Offers that are exclusive to those paying with bitcoin are useful to Bitcoin gaining traction.  It isn't that PMF is not accepting PayPal or other, it is that the project owner insisted on only accepting bitcoins for payment.

Was this restriction something any PirateMyFilm project can specify, or was it a customization for this project?  And, will there be a way with PMF to indicate that Bitcoin is the only payment method (other than including text in the title to indicate this)?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 03, 2012, 07:08:35 PM
Offers that are exclusive to those paying with bitcoin are useful to Bitcoin gaining traction.  It isn't that PMF is not accepting PayPal or other, it is that the project owner insisted on only accepting bitcoins for payment.

Was this restriction something any PirateMyFilm project can specify, or was it a customization for this project?  And, will there be a way with PMF to indicate that Bitcoin is the only payment method (other than including text in the title to indicate this)?

Right now its only 1 payment method per PMF project, so its up to the owner of each project to specify the payment method.  And yes I think they will make it clearer up-front which method is used on each project.  This is the first one so we have proved that it works properly, and now it can expand into the rest of their site/projects as needed.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on March 03, 2012, 07:08:56 PM
This is bringing in some good first-time users!  Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.


Really? How cool is that?!? Do you have any numbers on this?





Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 03, 2012, 07:10:40 PM
This is bringing in some good first-time users!  Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.


Really? How cool is that?!? Do you have any numbers on this?


no, only what I read on their buzz feed.  so far we have received 33 payments for $645.  No way to tell who they are from and who's a newbie, unless they post.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on March 03, 2012, 07:11:44 PM
Right now its only 1 payment method per PMF project, so its up to the owner of each project to specify the payment method.  And yes I think they will make it clearer up-front which method is used on each project.  This is the first one so we have proved that it works properly, and now it can expand into the rest of their site/projects as needed.

That was a bit of a downer I must say when I tried paying for the Falkvinge interview (use to be "European Bitcoin Prague"). I had to use paypal ;(((

EDIT: apart from that: great job all of you! bit-pay payment is indeed slick!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Nefario on March 03, 2012, 11:57:07 PM
Max is going to be speaking at Bitcoin2012 (https://bitcointalk.org/index.php?topic=67199.msg781739#msg781739).


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: pastory99 on March 04, 2012, 12:14:34 AM
Max is going to be speaking at Bitcoin2012 (https://bitcointalk.org/index.php?topic=67199.msg781739#msg781739).
Nice! looking forward to it!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: jimbobway on March 04, 2012, 01:18:36 AM
So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 04, 2012, 02:34:41 AM
So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?

That's strange.  login to your PMF account and does it say your shares are paid for?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 04, 2012, 02:48:51 AM
That's strange.  login to your PMF account and does it say your shares are paid for?

The link for seeing the number of shares paid for is the project's page (once you've logged in):
 - http://www.piratemyfilm.com/projects/304

What might make sense as well is for PMF to allow donations to a project without requiring registration.  e.g., donate without acquiring any of the shares that the donations bought.  Perhaps the project founder could list a beneficiary that would own all shares donated  (e.g., some charity or trustee perhaps) even.

The reason for this request is that some people may want to support the project but they just don't want to have to mess with the time and hassle of registering.   Instead, you see a bitcoin address, copy pasta, hit send and boom -- you're done.  And you never get e-mail nor have to visit the site (and have to remember the username/password for it) ever again.



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: jimbobway on March 04, 2012, 07:53:53 PM
So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?

That's strange.  login to your PMF account and does it say your shares are paid for?

I go to the project page and it doesn't look like it says I paid, although I did pay. I paid to this address 19WNo23dAsCzSQJkdMNM3piJBQ1bxqzYAc


I went here, http://www.piratemyfilm.com/projects/304

And it says:

Payment Info

This project is currently in the payment stage. No more shares are available to reserve.
You are currently subscribed to this project. You have reserved 1 shares
Depending on availability, your outstanding shares, if any held, may be available.
Failure to pay for your shares will result in them being given to another user in the share queue.
If you have paid for shares, the project owner will be in contact with you in due course.
Shares You Have Paid For

You have paid for a total of 0 shares in this project, amounting to $0.
Shares You Have Defaulted On

You have defaulted on a total of 0 shares in this project, amounting to $0.
Shares To Be Paid For

There are currently no shares available for you to pay for.
 


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 05, 2012, 03:03:11 AM
Jim what is your PMF username?  i will have to email them and ask what's up.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: jimbobway on March 05, 2012, 05:52:44 PM
It's 'jimbobway', same as here.  Thanks.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: jimbobway on March 06, 2012, 06:39:25 AM
Now I got this email saying I need to pay (but I already paid.):

A payment window has opened for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

You must log in to PirateMyFilm and pay for these shares before 2012-03-08, or they will be made available to others in the queue.

You can pay for your shares by logging in and going to the project page You will see a "Buy Now" paypal button, which will allow you to do so.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: apetersson on March 06, 2012, 04:38:41 PM
there was a problem when paying my second batch of 5 shares.
i paid for 25$ with transaction http://blockchain.info/tx-index/3014457/742637ba00d37a54d151a2fe3f3b3943e466de274c0dbb9be04cd17a006b4fa4
but it did not get credited and my shares are not 10 total paid as expected but only 5. (which i paid successfully for in transaction http://blockchain.info/tx-index/2914920/78b2b0145f7eb784e0f94f233bd6bc18a17ad83a97164af802b210c39fbbf8b1 )

who can i contact to fix this?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 06, 2012, 05:43:42 PM
Jim the guys at PMF have identified why your payment did not get marked and are working to fix it.  Do not pay again!

http://piratemyfilm.com/projects/share_queue/304

Looks like they have marked it as paid.

Apetersson you should contact PMF support.    Email support@piratemyfilm.com


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on March 08, 2012, 11:13:19 AM
in case you didn't get to buy shrares, here's a suggestion for another interesting project I just stumbled upon

"Private Money vs. The Central Banking War Machine"

http://www.piratemyfilm.com/projects/346

thread: https://bitcointalk.org/index.php?topic=67589.0

trailer: http://www.youtube.com/watch?v=ZGnqi_rUoSs


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 14, 2012, 07:49:49 PM
PirateMyFilm was just featured on Russia Today as a great new tool for Investigative Journalists.  Check out the report!

http://youtu.be/00zxNJ37T2c (http://youtu.be/00zxNJ37T2c)

Bitcoin enables PMF to offer truly global crowdfunding, and also the potential to pay dividends.  No other service can compete with that!



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Cosbycoin on March 14, 2012, 08:25:32 PM
PirateMyFilm was just featured on Russia Today as a great new tool for Investigative Journalists.  Check out the report!

http://youtu.be/00zxNJ37T2c (http://youtu.be/00zxNJ37T2c)

Bitcoin enables PMF to offer truly global crowdfunding, and also the potential to pay dividends.  No other service can compete with that!



Sweet! I hope it takes off and takes hold with more users!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 14, 2012, 10:02:55 PM
This crowdfunding thing where you get equity (which PMF offers, but KickStarter does not) is starting to gain some traction.  

These people are paying a lot of money to learn more about it:
 - http://tslccla.eventbrite.com
  (including talks by U.S. Congressman McHenry, sponsor of the crowdfunding bill that passed in the House last fall, and by others like the co-founder of RocketHub, and from various venture capital and angel investor networks.)

I wonder if PayPal knows that those sending payments to PirateMyFilm are "investing" in shares [Update: see below, when paid for using PayPal these are not equity shares].  That's something I would guess they would put the kibosh on as soon as they notice (or are made aware of, perhaps from a regulator inquiring with them or from a customer who does a chargeback for whatever reason).

Hopefully PMF isn't holding much funds in PayPal because when PayPal puts a freeze on the account, those funds get locked up for six months.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 14, 2012, 10:29:44 PM
This crowdfunding thing where you get equity (which PMF offers, but KickStarter does not) is starting to gain some traction.  

These people are paying a lot of money to learn more about it:
 - http://tslccla.eventbrite.com
  (including talks by U.S. Congressman McHenry, sponsor of the crowdfunding bill that passed in the House last fall, and by others like the co-founder of RocketHub, and from various venture capital and angel investor networks.)

I wonder if PayPal knows that those sending payments to PirateMyFilm are "investing" in shares.  That's something I would guess they would put the kibosh on as soon as they notice (or are made aware of, perhaps from a regulator inquiring with them or from a customer who does a chargeback for whatever reason).

Hopefully PMF isn't holding much funds in PayPal because when PayPal puts a freeze on the account, those funds get locked up for six months.

Very good point.  projects accepting PayPal are not eligible for dividends, they are treated as a donation only.

Projects accepting bitcoin can payout dividends.  So this will encourage more people that list projects on PMF to select Bit-Pay (this is why you can only have 1 payment method per project on their site).



Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 14, 2012, 11:30:55 PM
projects accepting PayPal are not eligible for dividends, they are treated as a donation only.

ORLY!

Projects accepting bitcoin can payout dividends.  So this will encourage more people that list projects on PMF to select Bit-Pay (this is why you can only have 1 payment method per project on their site).

Oh, so Screw Banks, Buy Bitcoins was the first project that took bitcoins?  But that project is donation only as well and will not pay dividends. 

Are there any other projects that accept Bit-Pay ... and of those, any that will pay dividends if there are profits?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on March 15, 2012, 01:08:07 AM
projects accepting PayPal are not eligible for dividends, they are treated as a donation only.

ORLY!

Projects accepting bitcoin can payout dividends.  So this will encourage more people that list projects on PMF to select Bit-Pay (this is why you can only have 1 payment method per project on their site).

Oh, so Screw Banks, Buy Bitcoins was the first project that took bitcoins?  But that project is donation only as well and will not pay dividends. 

Are there any other projects that accept Bit-Pay ... and of those, any that will pay dividends if there are profits?

Screw Banks was the first one, so they could make sure it all worked, which it has.  There are a few things they need to add to their site like a grace period around the time their window closes, etc.

The project would need to be a revenue generating project to pay out dividends.  If you want to make a revenue producing project, and accept bitcoins for it, then list it on his site!  I don't believe there are any right now that meet both criteria.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 15, 2012, 04:05:23 AM
Now having paid for shares in both types of projects (one that took bitcoins, and one that took PayPal), I can say the Bitcoin-powered experience was superior.  I'm not sure if the problem was with PayPal or with PirateMyFilm but I was getting an error page from PayPal.com when I clicked the Pay button.  I tried later using Firefox and it worked fine on the third attempt.

I wasn't the only one getting this error either:
 - http://piratemyfilm.com/blogs

Viva la Bitcoin!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on March 15, 2012, 08:41:33 AM
Now having  paid for shares in both types of projects (one that took bitcoins, and one that took PayPal), I can say the Bitcoin-powered experience was superior.  I'm not sure if the problem was with PayPal or with PirateMyFilm but I was getting an error page from PayPal.com when I clicked the Pay button.  I tried later using Firefox and it worked fine on the third attempt.

I wasn't the only one getting this error either:
 - http://piratemyfilm.com/blogs

Viva la Bitcoin!

also: with bitcoin no company (that will bow to all kinds of unreasonable demands by 3rd parties) owns the info that you funded this "screw establishment" film ;)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: ribuck on March 15, 2012, 10:30:05 AM
Now that Max's PirateMyFilm website accepts bitcoins, it provides a service surprisingly similar to GLBSE, despite having arrived there along a very different route.

If one wanted to finance a dividend-paying film, which service would work better?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on March 24, 2012, 03:17:25 AM
I see that another film project on PMF which I helped to fund is now having trouble collecting.  It was oversubscribed even when it hit green light state but then only 80% of the amount that was pledged ended up getting collected.

This can really cause a problem when the project director starts to make commitments based on the funding target being reached and then collections fall short.

One method to prevent this from occurring is to require payment (as escrow) at the time the pledge is made.  

PayPal's terms of service don't allow for prepayments like this, so the project that wants this escrow feature would need to be configured as a project that accepts only bitcoin.  The problem then though is getting enough pledges for the film if it requires not only bitcoin payments but bitcoin payment upfront.  This specific film is based on a current event in the news so if it took, let's say, twice as long to get funding it might no longer have been a viable project.

What would be fantastic to see happen would be if a star from the KickStarter world  wants to do a project where equity is issued and comes on over to PMF.  The project then becomes a financial success for its investors and a bunch of those who donate through KickStarter start thinking that capitalism through PMF looks like an interesting alternative -- even if the project's investors have to figure out how to buy bitcoins to participate.

Here's my suggestion for PMF to allow projects to be configured for prepay/escrow:

 - https://getsatisfaction.com/piratemyfilm/topics/allow_a_project_to_require_escrow_payment


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on March 24, 2012, 10:07:21 PM
I see that another film project on PMF which I helped to fund is now having trouble collecting.  It was oversubscribed even when it hit green light state but then only 80% of the amount that was pledged ended up getting collected.

This can really cause a problem when the project director starts to make commitments based on the funding target being reached and then collections fall short.

One method to prevent this from occurring is to require payment (as escrow) at the time the pledge is made.  

what possibilities would we have for this technically with BIP 16?


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Stephen Gornick on May 09, 2012, 12:35:19 AM
The first bitcoin-funded project on PMF has been released!

 - http://www.ScrewBanks.net
 - http://www.youtube.com/watch?v=5CrOKDOyW-Y


Thread for the release:
 - http://bitcointalk.org/index.php?topic=80190.0


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: DublinBrian on July 28, 2012, 07:24:34 PM
Max Keisers crowdfunding site PirateMyFilm.com (http://www.piratemyfilm.com/) has now abandoned Paypal and fully converted to bitcoin. Well done Max and Stacy!
 
Quote
We are dumping PayPal from PirateMyfilm and using BitCoin only. PayPal is too unreliable, expensive and doesn't support of eventual plan to offer dividends so we are getting rid of it. You have three chances to pay for your shares for projects... (More)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: smoothie on July 28, 2012, 07:31:26 PM
Max Keisers crowdfunding site PirateMyFilm.com (http://www.piratemyfilm.com/) has now abandoned Paypal and fully converted to bitcoin. Well done Max and Stacy!
 
Quote
We are dumping PayPal from PirateMyfilm and using BitCoin only. PayPal is too unreliable, expensive and doesn't support of eventual plan to offer dividends so we are getting rid of it. You have three chances to pay for your shares for projects... (More)

^ +1


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Technomage on July 28, 2012, 07:35:02 PM
Wow. That is excellent.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Raoul Duke on July 28, 2012, 07:44:49 PM
Max Keisers crowdfunding site PirateMyFilm.com (http://www.piratemyfilm.com/) has now abandoned Paypal and fully converted to bitcoin. Well done Max and Stacy!
 
Quote
We are dumping PayPal from PirateMyfilm and using BitCoin only. PayPal is too unreliable, expensive and doesn't support of eventual plan to offer dividends so we are getting rid of it. You have three chances to pay for your shares for projects... (More)

Too bad the (More) link in their site takes nowhere and it's impossible to read the full post.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on July 28, 2012, 07:54:43 PM
Too bad the (More) link in their site takes nowhere and it's impossible to read the full post.

I don't think there's any more to the post.  That is it.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Technomage on July 28, 2012, 08:58:18 PM
I was about to tweet this and then the site started to malfunction. It's giving out "Internal Server Error". :(


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: Technomage on July 28, 2012, 09:18:10 PM
Seems to work now.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: molecular on July 29, 2012, 09:05:13 AM
Max Keisers crowdfunding site PirateMyFilm.com (http://www.piratemyfilm.com/) has now abandoned Paypal and fully converted to bitcoin. Well done Max and Stacy!
 
Quote
We are dumping PayPal from PirateMyfilm and using BitCoin only. PayPal is too unreliable, expensive and doesn't support of eventual plan to offer dividends so we are getting rid of it. You have three chances to pay for your shares for projects... (More)

awesome! quite a move!


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts Bitcoins!
Post by: BitPay Business Solutions on August 22, 2012, 10:20:47 PM

I have made this short video to instruct the producers, who list projects on PMF, how to get setup to accept bitcoins.

http://www.youtube.com/watch?v=yZgVP4h4g_c (http://www.youtube.com/watch?v=yZgVP4h4g_c)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins!
Post by: BitPay Business Solutions on August 30, 2012, 03:10:30 PM
I have completed a second video to show the users of PMF how to make a payment using bitcoins

http://www.youtube.com/watch?v=spFOQ-fsz4Y (http://www.youtube.com/watch?v=spFOQ-fsz4Y)


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins!
Post by: Akka on August 30, 2012, 06:30:20 PM
Really Cool, I didn't know of this. Luckily this popped up in the unread post section.

But the setup of the piratemyfilm hompage is a little confusing (at least for me).

For many projects I still don't get what they want to do with my money.


Title: Re: [ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins!
Post by: molecular on October 19, 2012, 01:18:39 PM
here some piratemyfilm.com fruits: http://www.youtube.com/watch?v=L33zlFBiXLk&feature=plcp (Bitcoin 2012 | Documentary)