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1281  Bitcoin / Bitcoin Discussion / Re: This is really cool! on: September 21, 2010, 04:47:18 PM
Very nice... worked smoothly.  Keep the change. Grin
1282  Bitcoin / Bitcoin Discussion / Re: Losing Critical Mass and Call to Action on: September 21, 2010, 03:19:58 PM
Okey, when will be "Bitcoin Facebook Day?" Cheesy

Hummm, what are some significant dates in the history of Bitcoin?  We could mark one of those anniversaries.

Or maybe December 23, since December 23, 1913 is the day the Federal Reserve Act was enacted. Grin

I would say a date around 2 months from now: long enough to get organized, but not so far out that people lose interest.
1283  Bitcoin / Bitcoin Discussion / Re: Losing Critical Mass and Call to Action on: September 21, 2010, 01:05:10 PM
How about we organize a Facebook Bomb like Mises did: http://blog.mises.org/10552/facebook-bomb/

We set a day where we all agree to promote Bitcoin to our Facebook friends by:
1) setting our status to something like "The Future of Money: http://www.bitcoin.org"
2) join the Bitcoin Facebook page: http://www.facebook.com/pages/Bitcoin-P2P-Cryptocurrency/134466763256650
3) invite our friends to also join the page

There must be 100 bitcoin users on Facebook.  If we each average 120 friends (which seems like a low estimate) that would get the message out to 12,000 people...for free.

Any takers?
1284  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a micro-payment solution for virtual goods on: September 21, 2010, 01:06:20 AM
ha ha very clever mizerydearia

So here is an application that already accepts Bitcoins, though I couldn't get the transfer to work.  Is the developer on this forum?

http://apps.facebook.com/sweepmines/



It look like the bitcoin feature is unimplemented at this time.

How you find this?

It is listed here: http://www.bitcoin.org/trade
1285  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a micro-payment solution for virtual goods on: September 20, 2010, 08:30:08 PM
ha ha very clever mizerydearia

So here is an application that already accepts Bitcoins, though I couldn't get the transfer to work.  Is the developer on this forum?

http://apps.facebook.com/sweepmines/

1286  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a micro-payment solution for virtual goods on: September 20, 2010, 01:43:04 AM
So, any Facebook developers out there want to take a stab at this?
1287  Bitcoin / Bitcoin Discussion / Re: Losing Critical Mass and Call to Action on: September 19, 2010, 07:54:03 PM
I have pretty good skills in Drupal module development. What;s about bounty for it? =) Do someone have real project to use this module?

Not that I know right now, but I having a bitcoin module in the drupal module directory would give bitcoin some publicity. Some peope might give it a try on their shops just for the sake of it.

This is a good idea.  I would add a few others:

WordPress
vBulletin
phpBB
SMF
Joomla
1288  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a micro-payment solution for virtual goods on: September 19, 2010, 12:14:28 PM
Even if bitcoin is currency and even if Facebook doesn't allow app developers to use real currency bitcoin still is a micropayment solution for Facebook developers.  It just adds an additional step to the process.

Let's say I'm Developer John Doe with an application called Art Collector.  Art Collector allows users to build a collection of virtual masterpieces by winning them, buying them and trading them with other users.  Art Collector application currently has it's own game currency called "ducats".  Users are currently acquiring ducats by sending the application developer real US$ through PayPal.  The application then credits their Art Collector ducat account based on how much money they transferred.

Assuming a player using US dollars as his home currency, it looks like this:
1. User opens PayPal account
2. User transfers US $ from credit card or bank account to PayPal account
3. User transfers US $ from PayPal account to Art Collector developer's account
4. Art Collector developer credits user's ducat account within Art Collector
5. User buys virtual art to add to his virtual collection

The problem is the difference the price the game developer can get for his virtual goods is very small, while the amount necessary to make a PayPal transaction viable could be 10x to 20x larger.  If a piece of virtual art has a market value of 10 cents but a user has to spend at least $2 through PayPal to acquire ducats, that user must be very committed to Art Collector to make a positive buying decision.  He must also have a reasonable expectation that he will eventually find enough virtual art that he likes to spend his $2 worth of ducats.

On the other hand, if developers start accepting BTC in exchange for their own virtual currency, they should see increasing engagement in their applications and greater profits.  In a BTC economy the process would look like this:
1. User opens PayPal account
2. User transfers US $ from credit card or bank account to PayPal account
3. User transfers US $ from PayPal account to one of the Bitcoin exchanges accepting PayPal payments
4. User buys BTC from the exchange
5. User transfers BTC to Art Collector developer's account
6. Art Collector developer credits user's ducat account within Art Collector
7. User buys virtual art to add to his virtual collection

Now the application user is able to make very small purchases from the Art Collector game.  He is also able to spend his BTC in other applications without incurring more PayPal charges.  In both cases he is incentivized (word?) to take the leap and join the virtual goods economy, and Facebook developers will see more transactions through their games.  Of course the user may have a way of acquiring BTC without incurring PayPal charges at all.  This just represents a worst case scenario.

1289  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a micro-payment solution for virtual goods on: September 19, 2010, 01:18:54 AM
Thanks for the info jgarzik.  I didn't realize there were transaction fees.  When/where are those fees incurred?

Even at 0.01 BTC though this would still be a viable solution for the vast majority of Facebook developers.  Unless BTC rapidly appreciated vs. USD and the transaction cost didn't fall accordingly.
1290  Bitcoin / Bitcoin Discussion / Bitcoin as a micro-payment solution for virtual goods on: September 19, 2010, 12:50:35 AM
I'm brand new here and haven't read through all the threads so pardon me if this has been discussed.

As someone who was involved in the development of several Facebook applications, it seems to me that Bitcoins are the solution to a problem we repeatedly came across: how to monetize our applications through very small payments from our users in return for us providing virtual goods.

What we ended up doing, of course, was what everybody else developing on Facebook also did: join something like Offerpal and allow our users to earn game credits by filling out surveys, signing up for offers, or by sending money through PayPal or credit card.  The problem is that the transaction costs of PayPal precludes allowing people to spend very small amounts.  A few users would spend $5 - $20 at a time, but people who would have been willing to spend 1 cent, 5 cents or 50 cents understandably wouldn't pony up a $20 bill when they only wanted to buy a couple virtual goods.

I'm no programmer, but it seems to me that bitcoins solves this problem:
1) transaction costs are zero
2) transaction amounts can be very small

Bitcoins are a Facebook developers dream.

I see on another thread there is talk about building a bitcoin game for Facebook. 
Can I suggest that a project with more potential to expand the bitcoin universe and cause it to grow virally is building a plugin that ALL Facebook developers could access that allows them to use bitcoins to replace whatever virtual currency they are currently using in their games.

With 500 million users on Facebook and thousands upon thousands of applications...

Is there a big hole in my idea somewhere?
1291  Economy / Marketplace / Re: We accept Bitcoins on: September 18, 2010, 11:58:04 PM
Just heard about bitcoins last night reading the Elliott Wave Theorist and I think it's fantastic.

So I'm going to accept bitcoins in payment for advertising at my Rolls-Royce and Bentley forum:
http://www.rollsroyceforums.com/forums/other-and-archive-5/forum-suggestions-and-questions-22/advertise-on-the-forum-pay-with-bitcoins-892/#3013

Or you can message me for rates admin@rollsroyceforums.com

We're not a big community, but we're a fairly targeted demographic.

Bimmerhead


 
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