I am adverse to making a loan using all the funds. I am happy and open to ways of increasing the funds, though I dislike holding the money. One of the thing on my todo list is find a trusted person who handle half of the money and do the work of making effective use of the funds. |
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I am too lazy to do much of anything with the 309 BTC I am escrowed with.
But if you have a good idea on how to spread bitcoin and make bitcoin more useful with the money donated, let me know. Just don't make me work too hard.
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I think the private address claim service is a good idea. Let me see what I will whip up during the weekend.
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i wish i could find the thread where someone else explained it but a good comparison is alertpay.
i think paypal also caters for subscriptions.
let's say you have a 'membership' site that you want to charge 3 BTC per month for access.
a user subscribes to your site via a wallet service that caters for this. 3 btc is charged and the user is given access. (this part is no different from current set ups that are available right now... it's a callback to your server where you authenticate the payment).
then every 30 days, an extra 3 btc is automatically sent from the user to the merchant for continued access.this is initiated by the wallet service (cron job?) where the user should keep at least 3 btc available for his next month's subscription payment.
if the user doesn't have 3 btc available in their wallet for that month's payment, then their subscription is cancelled and they are unsubscribed from the site. (or optionally, they are sent a warning email asking them to top-up their account so the payment can be re-tried in 24 hours).
the merchant who runs the membership site could have options to set up all kinds of subscriptions depending on what the subscription is for. eg, they could set it up so that it cost 0.05 btc for a 3-day trial, and then 1 btc per month after that.
anyone implementing such a feature should definitely look into the way alertpay handles this.
with other options like alertpay, shorter subscription periods (i.e. daily) are impractical because of the high fees... you can't do $1 / day subscription because it'd cost the member $2.50 / day after all the fees, and the merchant would still only get $1 out of that. but with bitcoin it becomes feasible to have much shorter rollover periods.
...as a side note, there are sooooo many websites that i can imagine making use of such a system.
eg. bitcoin monitor is free the way it is now, but 0.1 btc per month for more detailed graphs.
mtgox is 0.65% commissions, but pay 5 btc per month to have unlimited 'free' trading for that month.
various btc websites that now contain ads, you could pay 0.05 btc per month to use an ad-free version.
I think there are bitcoin payment processing companies out there that help enable subscription. However, I don't think I can offer much in the way of value and competition. |
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They do daily backup of their wallets to offsite location, both on site and remote, right?
At least that what I hope.
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I remember that. How is that going, by the way?
If you're thinking of that weird celluar automata game, I choose a different project. It's called The City.It's set in the far future when a dyson sphere literally swallowed the solar system. You build a human colony/civilization inside this universe. Your very own world with its own story. (Did I forget to mention that your world span the solar system?) You will get to encounter evil cyborg humans like Silicon Creature tribes, the out-of-control safeguard, and maybe...just maybe....You will get a visit from legendary hero Killy, the man tasked with the effort of searching the whole dyson sphere to find and the bring the human with the net gene to cyberspace so that he can shut down the sprawling and out-of-control dyson sphere known as The City. Other than that, it's an incredibly complex social simulation of a colony, the world it live in, and the various tribes that populate the world. Like dwarf fortress but with its own unique gameplay. You will have hovercraft crews, marines, snipers, farmers, armorers and weaponmakers, traders, miners, scientists, naturalists, doctors, engineers, etc. It's a long term project and I doubt it will be completed within the next two decade. |
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i think someone has mentioned this elsewhere already but a wallet service that had subscription functionality would be good.
Explain in details? |
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HTML5 is poorly documented? What are you smoking? * kiba is making a game in coffeescript and processing.js |
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What kind of program or site would you like to see built?
What I am looking for is to build value in the bitcoin economy by building small and useful sites/applications or perhaps just interesting contents to look at(like statistics).
Wanna earn them and build the bitcoin economy. Cause, the bigger the economy, the richer I will be! Note: I don't actually make money from bitcoinweekly and any profit it made goes to Bitcoin Weekly operation funds and expansion. In fact, I probably lost more money in that venture. But it made the Bitcoin landscape a bit better. I am just looking for profitable way to help people.
Remember folks, it gottach be a small project but useful! That's what I choose. Even if you have a crazy ideas, let them loose! I might pick up potential in a similar idea but doable project.
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I will put the money into an organization i'm missing something. didn't mybitcoin return the 49% or whatever to the accounts who filed claims? whose money are you referring to? The money I was entrusted with. |
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Tom already has the 51%. Don't you think he has plenty of time to think about this scam through. Everybody's happy with 49% and no more legal action and he walks with an appx. 8 mil + whoever doesn't get their claim in. If you believe this intrusion farse be happy you got your 49%. I got my 49% of .12 btc only because I unloaded my account on a purchase just prior to his execution of this deal. Losing the .12 would have been insignificant to me. The more I think about this scam the better I like it. I personally think old Tom is a genius. There is no precedent to prosecute him on if he volunteer's 49% return and only he says the rest are gone. Give him credit, he completed a flawless execution of his own design. Bikerbum
Why do you think it's an elaborate scam? |
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1LHNrexD6fS7kmTeseQLBhnraaXSKDpV9e
Watch this address for 302.82 BTC.
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With the money that is currently in the process of being reclaimed from mybitcoin, I will put the money into an organization that will fund the development of bitcoin related projects and the economy. Naturally, these funding will be in the form of prizes, and ambitious at that too.
In any case, I will need to lay out the charter and the framework and how we're going to get funding, the kind of prizes we will be funding, and so forth. For now, it is a vague idea with some funds backing it up.
My thought right now:
1. Study up and learn to use the GLBSE. My idea is that those who own more stocks will be paying more into the foundation each month.
2. 75% to 80% will be going to the funds. The rest will probably be maintenance of hosting and domain names. For best result, efficiency is desired.
3. We should lay out a plan on how we're going to back up and who's going to be escrow.
4. If possible, I would like to split my liability to another trusted escrow agent. This way, both of us would have to lose the money to wipe away the funds.
5. I don't want this charity to be confused with the X-prize foundation. Better names welcomed.
Blah. I don't have the time or energy to do this project. I will either return what left of the funds or pass the money to someone the donors trust.
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hi kiba, did you claim the remaining bitcoins from MBC already?
seems they process out-payments if you provide uname/pwd/new_btc_address
seems that both bitlex and smoketoomuch are fine with any outcome
so it's just you and mybitcoin claim now.
In the process of claiming the fund. |
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What's a scource?
Source. Also, wouldn't it be better if somebody write a program to automate said data gathering of such effort? |
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I emailed bitlex with the email info he posted in his profile.
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I am going to hold more bitcoin.
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