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13181  Economy / Speculation / Re: who is messing with bitcoin and to what purpose? on: November 11, 2015, 05:36:12 AM
who is messing with bitcoin

Whales.

Quote
and to what purpose?

Profit...  In both directions.
13182  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinions about tetherUSD, coinoUSD, BitShares 2.0 and BitUSD? on: November 11, 2015, 05:29:40 AM
Sebastian, consider plain FIAT

Yeah, but it would suck holding that in an exchange.
13183  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: November 11, 2015, 05:20:30 AM
My biggest mistake.  Not acting on or at least reading up on it when I read this post.  https://www.liquidpoker.net/poker-forum/968501/Bitcoin_s_and_the_future_of_online_banking.html
13184  Bitcoin / Bitcoin Discussion / Re: Coinbase is overstepping the bounds we should give it regarding Bitcoin XT on: November 11, 2015, 05:15:02 AM
Typical of corporations...  Like in everything else, they will ruin something and strangle everything we love about it.
13185  Bitcoin / Bitcoin Discussion / Re: Do you believe we need more ways of advertising Bitcoin currency? on: November 11, 2015, 05:06:12 AM
Bitcoin is fine.  Don't worry too much about it.  But if you have good ideas to advertise Bitcoin, by all means, go ahead.
13186  Bitcoin / Bitcoin Discussion / Re: ● Why Bitcoin is Not Mainstream Yet & my Suggestions! ● on: November 11, 2015, 05:01:34 AM
Don't mind them too much.  You really can't change a person's mind about something unless he/she is open to new ideas.

My suggestion in helping Bitcoin's growth...  Start them young.  Someone ought to build a Bitcoin start up for kids.  There could be a lot of growth in that demographic. 
13187  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: November 11, 2015, 04:50:42 AM
The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

It's really hard to predict these things.  Don't worry too much about it as it will take care of itself.  But what one should do is be ready when that time comes.

13188  Bitcoin / Bitcoin Discussion / Re: I'm Andrew Lee, CEO of Purse.io, AMA! (at Bitcoin.com) on: November 11, 2015, 04:45:18 AM
Cool.  The more the merrier.  Good luck.
13189  Bitcoin / Bitcoin Discussion / Re: ● Why Bitcoin is Not Mainstream Yet & my Suggestions! ● on: November 11, 2015, 04:42:34 AM
I consider myself a bitcoin intellectual, and I`m always wondering how can I help the bitcoin economy with my ideas, which I got plenty of. So I was thinking 2 days about why bitcoin (or for that matter other altcoins) is not mainstream yet, and what issues it needs to overcome to be able to grow faster. Some issues that I discovered are practical, while others need the entire community's support in order to work.

So here are the issues I discovered with bitcoin, it's economy, why it is not mainstream yet:

1﴿ MARKETING: Lack of organized promotion campaigns

Bitcoin Foundation, the Developers, or even this forum could organized promotion/marketing campaigns for it. They already receive donations, or we can do a crowdfunding, and with the money we collect, we can spend it on billboards, flyers, google adsense, youtube ads, facebook ads, twitter ads, or any other type of advertising systems.

Bitcoin lacks members, and I bet most people still didn't heard about bitcoin or don't understand what bitcoin is yet.

I believe bitcoin only has the "tech" side in for now, but more people are potentially interested, they just dont know about bitcoin, or are too lazy to research it deeply (without a lot of stimulus from ads) and just shrugged it off by default.

We got already the nerds, geeks, and other technical people in our community, now we need to bring in the "work at home" , "make money online" , the gamers (gaming is a 180b $ industry), the stay at home new-moms, the unemployed 20-30 year olds, and the high-school teens into bitcoin.

So far we got only 2 communities, so we need to expand it more, while I'd focus personally more on the gamers (MMO gamers & mobile phone app gamers) and on the "earn money online" type of people, which brings me to the 2nd. point

2﴿ PUBLIC OPINION: Lack of a PR team to improve bitcoin's public opinion

Public relation's is important to manage negative publicity and cast positive light to bitcoin in front of the eyes of the mainstream. Bitcoin has a lot of negative publicity: scammers, thieves, and other criminals putting a bad reputation to bitcoin, and the media spins this and demonizes bitcoin further.

We need a positive PR team who organizes festivals, campaigns, conferences, or any other types of events that can boost Bitcoin's public opinion, and explain to the public that bitcoin is good.

Some sort of charity organization or fundraisers could really boost bitcoin's PO and show the mainstream that bitcoin can be used for Good too!

We really need this because many people just disregard bitcoin by default, because they heard that bitcoin is used by criminals (yes a small fraction), but what about the honest people that use bitcoin, we need to find positive things in bitcoin and put them forward for the public to see the bitcoin is a wonderful thing after all.

3﴿ INCOME: Lack of earning bitcoin methods & bitcoin jobs

Bitcoin's economy is still new and fragile, we already got a base in how to spend your bitcoins, 100,000 merchants already accept bitcoin, but we barely got any ways to earn bitcoin, currently these are the most common methods to earn bitcoin by starting from 0 BTC:

-Faucets & task sites
-Sig campaigns
-Few Services & Selling Products

Which is too little, i suspect that most newbies come here to earn bitcoin, and they will be very dissapointed when they see that without any good understanding they will only earn a few 10,000 of satoshis.

Bitcoin needs more methods to earn them, because the "make money online" type of people would really want to join our community, but because there are not many methods to earn bitcoin now starting from 0, they will be disappointed.

So we need more entrepreneurs, finding good solutions and offering more jobs & minijobs to bitcoin newbies

4﴿ EDUCATION: Lack of a good guide to newbies

This forum is great to learn bitcoin, but i still feel that the information about bitcoin is too scattered, and people are lazy to learn it all in pieces.

ex: newbies still asking how to mine bitcoin with laptop (which tells us that they dont have the knowledge, nor a source of knowledge available to them to learn the basics)

We either need a solid e-book/normal book, or a more summarized site (perhaps a good promotion of the en.bitcoin.it wiki site), because I find the bitcoin.org site a little bit hard to understand.

I think a professional website building team needs to look at the bitcoin.org site and make it much easier to understand and go through it, and perhaps it can be expanded better with more information about well established sites

5﴿ DATABASE: Lack of a bitcoin search engine

This is a good idea I have, is that if bitcoin is to be a real global currency, it needs a search engine, perhaps not like google, but in a form of encyclopedia with all the bitcoin related websites and services in it.

I find it frustrating that every site in scattered in the internet, there are so many good bitcoin related sites, that due to promotion are barely known, for example like this ones:

http://bitcoinclock.com/
http://www.bitlisten.com

So either an encyclopedia with categories (that should be included in bitcoin.org so that everyone would know it) or a new search engine that only searches for bitcoin related sites.

6﴿ GLOBAL ECONOMY: Lack of a major global financial-economic crisis

Unfortunately I believe this is the most needed in order for bitcoin to be really adopted. Fortunately or Unfortunately this will happen soon due to the fiat money's ponzi nature, but if we are not prepared until then then bitcoin might miss this golden window of opportunity!


So bitcoin really needs to have an established merchant network, tons of ways to spend it, and more importantly ways to earn bitcoin before the crisis happens. We dont just want bitcoin to be only a savings currency, but also a spendable real currency for goods & services.

7﴿ SOCIAL ASPECT: Lack of a more integrated & united community

So far bitcoiners are only obsessed with their own money, and how to earn more bitcoin and how to scam people. This needs to stop, or atleast partially, and we need to focus more on common goals. The community has to be more integrated and more united in common goal plans such as 1) & 2) . They should be for-profit, I`m not saying that this should be a free venture, but I belive we need more cooperation between members to let more projects be born.

For example a brainstorm session can be easily integrated in this forum too, and then an entrepreneur would pickup those ideas and realize them.

So:  participation, integration, cooperation, and unity is the key to this community to survive in the long term!


8﴿ LEADERSHIP: Lack of social Idols promoting/endorsing/using their influence to help bitcoin

Social idols: popstars, musical bads, trendy people, dancers, tv celebrities, movie stars ; are like magnets in a society. People look up to them regardless of what they teach. Social idols have a charisma that attracts people up to the point that they can influence huge masses.

Bitcoin lacks social Idols, or atleast it has few of them , I know of only Mike Tyson.

You know all the advertisements having celebrities in it endorsing all types of products and services. We need this too with bitcoin.

Now obviously an advertisement contract with a celebrity would cost millions of dollars, so it's probably too expensive for our community (but hey if an angel investor wants to try it , it is doable).

But I think a better approach is Myke Tyson's approach. So he found a business with bitcoin where he will make money, and he is promoting his bitcoin business , and by that he is also promoting bitcoin.

I think this is the correct way to approach celebrities, we need somebody to contact them, make them build a bitcoin business, and then via their influence, they can get tons of new people into bitcoin.

Celebrities have influence, and need money. Bitcoin has money opportunity, but needs needs influential people to promote it. It's a win-win situation.


9﴿ CAPITAL EXPANSION: Lack of a stable lending system

Lending is crucial to any economy, and here we are talking about lending from capital (not printed money), so we need a lending system that protects lenders from scammers. Currently we have some lending services, where people could lend, but they are full of scammers. Even if you have the scammer's personal info, you cannot sue them for 50-100$ because the legal fees would be too high. So even if the scammers scam people out of 50-100$, they get away with it, so it gives a bad reputation to bitcoin lending.

We need a more strict lending system, and a better reputation system for lending. If we get this then bitcoin lending will be one of the biggest international industries out there.

Lending generates income for the lenders (who can use it as a good source of interest income), and the loan takers are also better off since they can get loans internationally, without capital controls, and without any other fees involved.

This can increase the bitcoin economy enormously: the bitcoin businesses, the bitcoin membership (people would be interested in bitcoin savings accounts or bitcoin international loans), and the bitcoin market cap.



Alright these are my ideas,suggestions, opinions about bitcoin, and if you really want bitcoin to take off, then I believe these issues should be addressed seriously.



Thanks for reading it through, if you liked my ideas feel free to tip me at:

http://realbitcoin.tip.me


I like your suggestions.  But I honestly like Bitcoin the way it is right now more...  It's growth may be slow, but it's organic, if that makes any sense.  Less fluff, less 'ads' is better imho.  Bitcoin is a social movement after all.
13190  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Fate In 2140 on: November 11, 2015, 04:37:38 AM
So, everyone knows that there will be no more block rewards when we reach ~2140. But what do you guys think will happen after?

I personally visualise 2 possibilities:

- Bitcoin is already widely adopted, so the giant community will keep the system running and functioning. Maybe not as easily as today, but with a big enough community, the transaction fees will be high enough for miners to keep on doing their thing.

-Bitcoin has a small community, much like today, and starts to crumble without support of miners, and mining fees will become huge, and so the users will leave. Bitcoins will be left in the transaction pool, and the Bitcoin ecosystem will come to a halt.


Are there any possibilities I might have missed? What do you guys think?

All or nothing.
13191  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: November 11, 2015, 04:19:08 AM
The whole market is saturated.  You really can't expect much from Stellar right now.
13192  Alternate cryptocurrencies / Altcoin Discussion / Re: Doesn't Look Good for Litecoin on: November 11, 2015, 03:58:34 AM
LTC is fine where ever the price falls.
13193  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Cryptsy - - Are they Dead/Dying or just a bunch of fools? POLL on: November 11, 2015, 03:56:57 AM
Transfer your trades to Poloniex.
13194  Bitcoin / Bitcoin Discussion / Re: Is it a waste of time mentioning Bitcoin to friends and family? on: November 11, 2015, 03:54:04 AM
I only got one person to get semi interested in it.  He only likes the trading part of it.
13195  Bitcoin / Bitcoin Discussion / Re: If BTC makes it 10 years I think it would officially have "made it".. on: November 11, 2015, 03:47:30 AM
Just my personal opinion on the matter..

I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.

I'd think after year 10 it would be time to throw a huge party.

I think it already has made it.  It opened the possibility of a social/financial movement without a central authority.  Bitcoin may fail, but the cat is out of the bag.
13196  Bitcoin / Bitcoin Discussion / Re: Purse to Launch Marketplace to Compete with eBay and OpenBazaar on: November 11, 2015, 03:41:24 AM
I don't see why people are really excited about it.  

Also, how can you compare Purse's market place with something like OpenBazaar?  OpenBazaar is gonna be like a social movement on its own.  The authorities would really have a hard time catching up to stop it.
13197  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum about to pull a Cloak? on: November 11, 2015, 03:03:46 AM
Historically IPO coins are dumped after the initial software release. I would be shocked if Ethereum didn't follow down the same path.

Even the more innovative and ambitious IPO coins were dumped after their initial release. I do not think it will have any matter as to the long term success of the coin, but I am bearish at the moment.

The only situation I can see Ethereum not being dumped is if Bitcoin and alt crypto currencies happen to go on a bull run in the near to immediate future.

Whatever happens to the price, I hope the volume remains high.  It will trend up sooner or later.
13198  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinions about tetherUSD, coinoUSD, BitShares 2.0 and BitUSD? on: November 11, 2015, 02:44:35 AM
USD pegged crypto are badly needed.  But there's no support from the bigger exchanges. 
13199  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin Sub Fans... Time to Let Go of Your Altcoin and Buy Bitcoin on: November 11, 2015, 02:31:20 AM
If you have mostly BTC, it might be a good idea to switch some to fiat and buy back lower.

I would prefer trading BTC for Nubits but there's not much volume and the spread sucks..  Due to lack of volume probably.

13200  Economy / Currency exchange / Re: [WTB] BTC. Paying via Neteller on: November 09, 2015, 01:58:38 PM
Pm me what is the source of Neteller.

PM sent.
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