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Payment received, thanks!
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I can't see much price impact. There are already 'legit' options that have arrived relatively recently and nothing much has changed. It probably is a key part of getting the SEC to warm to their ETF so that's the really important part.
Yea it's sequential I would assume. First the get Gemini up and then later will come the ETF. Will the ETF be tradeable on Gemini once approved by the SEC or will it only be on NASDAQ? Either way getting gemini up is an important step for the Winklevoss. |
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Is BitPay or other payment processors out of the question? I don't see how having a site on Tor or clearnet would make a difference to you at the time of accepting payments. Does BitPay leak some information I am unaware of? Or is it against their TOS?
BitPay charges a fee AFAIK. If he/she does this alone they save on that fee. They can even take advantage of that small fee percentage and offer it as a discount to their customer. Their TOS also says they can close your account whenever they wish and they pull background checks and credit reports on new members. If you are selling on TOR you can almost guaranty that they will find a reason to close your account. So much easier to just do it yourself. As S4VV4S mentioned generating a large amount of addresses and putting them in a DB is a good way to go. If you are going to be using blockchain.info API for checking transactions you might want to consider using their Receive Payments API as well so you don't have to generate a bunch of addresses and all payments will get forwarded to your address for free. https://blockchain.info/api/api_receive |
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Really?! It's just an iframe to directory.io  You could have at least made a clone website instead of just dropping it in an iframe. |
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Thank you for the answer guys, I was planning the SP20 Jackson. (Which costs around 450$).
It mines at around 1.7 th/s, I could make an average of $128.72 per month so paying the equipment off wouldn't be too long and profits would kick in pretty soon, don't you think so??
Mining can be fun, but it's not the best way to ensure constant profit. I'd rather put that $450 towards buying some bitcoin. The mining world is constantly changing with mining hardware and difficulty. What you calculate as profit today could be very different in a month or two. |
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1 minute blocks?
When a miner finds a block, the other miners spend time verifying the block that was discovered. If there were only 1 minute blocks the miner that found the previous block would have a large upper hand on the other miners since they don't have to validate their own solved block. Even if it only takes 5 seconds 5 out of 60 is almost a 10% loss in time that could be spent working on the new block.
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The government can't ban code. They can try to restrict it but anyone can use it who wants to. Just like before when they wanted and tried to ban file sharing they failed. Close down one site and another pops up, and then torrents came along. Now they rely on ISPs to report people who appear to be torrenting but it's all something that can be circumvented.
Yes I think there will be a bright future for bitcoin, it's still young and misunderstood.
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I don't see any reason why bitcoin demand would suddenly go up.
I do, and I think a lot of other people do as well. A lot of people still don't know what bitcoin is and that it's actually a revolutionary technology. Most people think it's a bankrupt ponzi scheme with a CEO who committed suicide. Or they just think that it is phony nerd-money created out of thin air like WOW gold. Although I agree the inflation rate is high now making it difficult to maintain a higher price, large range adoption could happen any time. If just a small percentage of the online population decided they wanted a bitcoin, they can't have it because there are not enough to go around. |
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Sorry for the delay, I will be posting results within the next hour.
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Submissions are now closed.
Thanks everyone for participating. Some great logos here, this will be a tough choice.
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15 hours 15 minutes remaining!
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Those are not really alternatives. Can anyone find a payment forwarding API that doesn't require an account or charge fees like blockchain.info was?? Bitforwarder - Charges transaction fee PLUS a maintenance fee. Requires an account. BlockCypher - Charges transaction fees and requires an account. |
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Do you think it was a coincidence that this went down once people started to spam the blockchain in the midst of the blockchain debate?
No. The receive payments API forwards the payment with no fee, so it turns one transaction into two transactions. What if you took one of the generated input addresses and then made another forwarding address and take one of those generated address and do another and so on. You could essentially make 1 transaction turn into 10 or however many you decide to do and it will only cost the sender 1 transaction fee, the other 9 would have been paid by BC.info. It would make it a really cheap way to fill up the blocks.
Blockchain.info doesn't want to store money with them or mix coins received from different customers for different services. Those aren't alternatives, not even close. Have you ever used the receive payments API? Just because it says API doesn't make it the same thing. BCinfo was the only service that didn't require any account/login/API key and it forwarded all payments for free, blockchain.info paid the transaction fees. There isn't a single alternative that is comparable. There are other payment forwarders ( Bitforwarder, BlockCypher) but they all charge transaction fees and some even charge additional fees on top, also they all require accounts, or API keys. |
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Well they said today on the live stream that Gemini is only "weeks" away and that they are on the two yard line. So the launch of Gemini appears to be coming very soon. When they were asked about the ETF they said that they can't speak about it per SEC rules. This is all good news IMO.
I think they were speaking in vague terms with an example thrown in. Compared to how long they have been setting it up (~2 years), what's another 3-4 months? It is 2 yard line, but only relative to how long real money plays its game (in months and years, not days or hours). Gemini in other words can happen within a month, or in 3-4 months during fall. Let me remind you they did not set a specific date for gemini launch (even though they previously stated no later than march 2015, which have not come to pass). SEC and FINCEN have still yet to finish dealing with the twins regarding regulations, and if/when they receive the greenlight, they still have to figure out on THEIR end how they have completely complied with the regulations, etc etc all the details. All I am saying is, months will still have to pass before gemini is realized. Even then, gemini is still one more regulated exchange along with coinbase, itbit, etc. The real kicker is the ETF, and they have more or less said no eft before gemini, and possibly LONG after since it is much more complicated process. Take it easy, nothing new was revealed. Same place, same as always. The ETF is the game changer I agree. But I disagree regarding Gemini. I think Gemini will be bigger than any of the other "regulated exchanged", and that includes the ones that think they are legit, but are not "coinbase". I wouldn't be surprised if we see Gemini launch before the end of June. |
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Do you think it was a coincidence that this went down once people started to spam the blockchain in the midst of the blockchain debate?
The receive payments API forwards the payment with no fee, so it turns one transaction into two transactions. What if you took one of the generated input addresses and then made another forwarding address and take one of those generated address and do another and so on. You could essentially make 1 transaction turn into 10 or however many you decide to do and it will only cost the sender 1 transaction fee, the other 9 would have been paid by BC.info. It would make it a really cheap way to fill up the blocks.
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Well they said today on the live stream that Gemini is only "weeks" away and that they are on the two yard line. So the launch of Gemini appears to be coming very soon. When they were asked about the ETF they said that they can't speak about it per SEC rules. This is all good news IMO.
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Bump, 37.5 hours remaining
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