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So you are pissed because people were unwilling to pay more for a product on your site than they could get on another site?
Did you have a disclaimer on your website telling people that it was a charity and that you are down on your luck and could use the traffic?
As others have said, you need to buy things wholesale.
Buy a pack of 1000 cards for 80 cents each, paying $800. Sell them each for $1 and you make $1000. Leaving you with $200 in profit.
Of course, this involves risk because you may buy 1000 cards and nobody buys them. That is part of investing. To get a bigger profit you have to take a higher risk.
My wife buys products for her store wholesale all the time. Some sell, some just sit there taking up space. She does not go out in the streets complaining to people walking by that they have failed her. The fact that they did not buy her leopard pattern glasses covers shows that they have failed her.
Go find a wholesaler. Buy from them in bulk. Then sell with a markup.
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Seems like a good business model for someone.
Bitcoin site accredidation.
Just set it up so you can put "Verified by X company" on the page with a link to verification on their site.
Several companies can be set up and if someone gets hacked and they are accredited by a certain company then that company would lose credibility.
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OK, that's a quick start. We now know that "bit-pay" is operating out of an house, who's behind it, and some other things they're doing. So if they "lose" any funds, it's clear where to send lawyers and cops.
They do not hold your earnings, you receive those into your wallet every day. So worst case scenario is they steal one transaction and the company packs up and moves to Singapore. All for your 5 BTC. I expect to see contractual statements like "all payments made after NNN will be transmitted to ACH by NNN". They have all of those covered on their website. https://bit-pay.com/legal.html |
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I would like to see (not necessarily from your team, bit-pay merchant solutions) an app that embeds local stores that accept bitcoin onto a google maps type interface.
Does such an app (or even website) exist? I don't mean just a list of local stores, I am super lazy and a consumer whore. I need a map!
Was thinking the same thing. I figured I would create one if it did not exist but made sure to go ahead and check first to see if there was one. I found this: http://www.bitcoinmap.com/ |
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The thing about this is that you would need a wallet created at some point and then distributed unless the client is changed in such a way that the wallet is encrypted and distributed at the same time.
I had a similar question of a voting mechanism where members of a club all contribute to the same address, then they vote on how the money is spent. At the end if the vote is unanimous they all submit their slice of the encryption and the money is available for distribution to the selected address/addresses.
But the key is that once the wallet is created on any hardware, it is vulnerable to being taken by anyone with access to that hardware.
Also, for poker. What if you had a sore loser. He loses and does not give up his portion of the key. Sure you could then get everyone else together and use that amount of information to try to decrypt the rest of the key but that would take a long time if it is a small group.
I do see this as good potential for a democratic voting system though with something like a small village or club. The most ideal vote is a 100% vote, that way everyone agrees on where their money is being spent. But you cannot count on 100% because you might have that one guy who just wants to get his way and is willing to hold everyone else up to get what he wants. So the vote can then be a 100% - (X% * time). So if you have 1% not in agreement, it may take a day or two to get the money spent. If you have 10% not in agreement, it may take a week to a month...all the while having people try to deal with the 10% hold out. If 40% do not agree then it could take years, while most likely they would come up with a better solution where more people agree.
Who knows, maybe Bitcoin could revolutionize democracy.
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Took a second look at the Bit-Pay mobile payment system and I correct myself, this is not just one of those promising projects I see every week, this is on another level. This could be a game-changer as far as getting merchants to accept coins and getting customers to use them.
It is. I have seen the video and just set up my merchant app and it could not be easier. My wife who runs the shop usually opts to use the calculator instead of messing with the cash register because it is too complicated for her will have an easy time with this. Just pull up the app, punch in the ticket number and price and she is all set. It shows a QR code that the customer can scan and they just scan and pay. Very easy. |
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I talk to many friends of mine about the Bitcoin trade analysis (without saying it is the bitcoin ... I just say it is an X stock). And they all say it is a well known trade price chart called "dead cat bounce". Any one can help me explain the expression in simple English please? and please do not take me wrong , I am a bit coin fan (well at least as long as it exists!!)  . Thanks! I think the only way to settle this and figure it out for yourself is to find a dead cat and bounce it on the ground. You will find the answer you are looking for at that point. |
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OK, that's a quick start. We now know that "bit-pay" is operating out of an house, who's behind it, and some other things they're doing. So if they "lose" any funds, it's clear where to send lawyers and cops.
They do not hold your earnings, you receive those into your wallet every day. So worst case scenario is they steal one transaction and the company packs up and moves to Singapore. All for your 5 BTC. I think the potential of 1-3% of all bit-pay transactions for years to come is decent motivation not to jump ship with your transaction of selling a bag of Cheetos. |
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I was able to get a sneak preview of this last week. https://bitcointalk.org/index.php?topic=44076.0I went all in at that point. Bitcoin now has point of sale capability that is easy. Plus, no more carrying around your credit card. Everyone carries their cell phone these days. so atm how much are you down from last week in $ terms or just as a % if you like, both would be most informative if you'd care to share - down the road we can then all watch your roller coaster ride to riches so how big are (were) you & what was your point of entry (to put it crudely)  I am at 866 BTC right now. That is my initial investment, but at this point I will be setting up my wife's shop to accept Bitcoin and have the convenience store next door start accepting Bitcoin which I will probably spend buying Cuban sandwiches from him. I will start transferring spending money to BTC as I talk to more places locally and they start accepting BTC. |
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I was able to get a sneak preview of this last week. https://bitcointalk.org/index.php?topic=44076.0I went all in at that point. Bitcoin now has point of sale capability that is easy. Plus, no more carrying around your credit card. Everyone carries their cell phone these days. |
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This is it...
quite cool from what I have seen of it
Easy Point of Sale has come to Bitcoin.
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And how is this a "bitcoin" discussion?
Because any time someone steals Bitcoins or a scam is done using Bitcoins, it is big news. Yet when it is dollars the article focuses on the crime...not on the currency. |
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Tried to mine bitcoins about a year ago...the client was buggy on my machine so I figured screw it.
BTC was less than a dollar at the time...
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The Federal Reserve gives their benefits to the government. There is a big difference.
The Federal Reserve just gives their money to the government at cost!?!? How nice of them. If I was them I would charge interest.... oh that's right...they do |
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Figured as much.. so why rehash it here? at this time?
I just heard it on the radio this morning. Did not see the date. |
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Whether that is hamburgers for Congress or dollars for the US Mint. They are both products, paid for by the government to private entities.
 US Congressman buying from McDonalds:  |
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The benefits that McDonals generate dont go to the government. McDonals pays taxes.
The government gets the same benefit from McDonalds that they get from the Federal Reserve. They get a product that they can buy. Whether that is hamburgers for Congress or dollars for the US Mint. They are both products, paid for by the government to private entities. |
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Over 127,000 Bitcoins have been stolen! LOS ANGELES — A longtime Democratic campaign accountant whose clients included U.S. Sen. Dianne Feinstein siphoned off nearly $700,000 from a California candidate to pay her credit cards, a mortgage and business bills, federal prosecutors said Tuesday. Kinde Durkee, who heads Durkee & Associates in Burbank, Calif., was arrested Friday on suspicion of mail fraud by the FBI. Durkee has served as a bookkeeper for scores of candidates — her company website says five presidential campaigns. Democrats were scouring records to determine if they might have been victimized. Continued http://www.msnbc.msn.com/id/44413003/ns/us_news/t/calif-treasurer-accused-campaign-fund-theft/When stolen they were in the form of dollars... This is a huge hit for the Federal Reserve Note as a currency...this should send the dollar spiraling downward until such loopholes can be fixed. |
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I suspect that H.R. 1098 will pass, because only very rich people hold any significant amounts of gold. And if it passes their gold will suddenly be worth double, triple or a hell of a lot more.
The value of their gold would go up by the same percentage as the value of the gold that you have. The value of Bitcoin would also go up. |
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I like it if it is what I think it is...
how would one go about using this?
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