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The most successfull projects out there, are the ones who address a unique need that nobody else can provide.
It looks like your project act as a intermediary between parties with different needs. The problem is, your service can be replaced by existing services out there. <ChangeTip and direct tipping>
You need to highlight why your service, would be a better option than the other options out there. Some people need to be spoon fed to spot the difference. The people who survive the longest, is the people who adapt to the needs of their users or their customers.
Good luck with your project.
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People take part in things like gambling and Ponzi’s because there is potential financial gain in that for them. The target market for you would be Bitcoin business owners, with advertizing needs. I have dealt with many of them, and they all ask for the same thing, EXPOSURE.
They want site statistics and value for money and maximum exposure for their business. They seldom give anything for free, even if it is for a good cause.
Give that to them, and they will support your cause. The fact is, your blog is linked to a faucet, and people using faucets, do not spend lots of money, so the adverticement would have to be targeted at faucet users. This reduce your options even more.
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Just when I thought it was only in my country. The banks here still use dot-matrix printers! I think they cut corners on IT related stuff, because everything is centralized in their Head Offices. They only need dumb terminals to conect to a central database via a Telnet interface. The old mainframe systems.
This makes sense in a way, because you have less software maintenance. You can basically boot up with a pre-configured OS and App developed to access the mainframe, and you are set to go.
Employees cannot add software with virusses or have the option or the need to access the USB or external ports.
You also do not need to have high spec computers, because these sessions can be done with below entry level computers. It's a huge cost saving for the bank and it reduces the security risks.
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I would have opted for a Poll not linked to any forum. Now people would need to register at a forum to take part. Lots of people would not do that, and would be excluded from this.
Do what the other people on this forum do, and use a free online Poll / Survey site. You can then link that to this forum and reddit and other forums and social media, without people having to signup for it, to take part.
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Since Dell accepted Bitcoin payment, we have not seen any sales figures or a indication of how successful it was. I hope it was not just a publicity stunt. How many other people paid with Bitcoin, since they accepted it? It might just be a training issue or a communication issue. I know in the beginning, some people said only certain branches accepted Bitcoin payments. I hope this gets sorted out quickly. It's embarrassing to tell people that Dell accepts Bitcoin and you find this type of scenario.  |
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A lot of people do not appreciate the freedom they have until they lose it, or when it's threatened. Everyone is saying, Bitcoin opens up the financial world for the 6 Billion unbanked people in the world, but do they really know what that means? We should appreciate the things we have now and support the people who do not have that. In my travels in Africa, I come in contact with a part of that 6 Billion people, and I can tell you that it's very sad to see people suffer or struggle like that. Let's spread this freedom to those people, and end the suffering.
It's nice to receive, but it's so much better when you give and it's appreciated. Micro transactions makes the giving so much easier. ^Big Grin^
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Can someone post that information again, or a link to it, where they say that if only 10% of the investors in gold, invested that money into Bitcoin, it would triple the price of Bitcoin.
I cannot remember the exact figures, but it was a massive figure. I would hope more people would find Bitcoin as the safe haven, and not the other way around.
I have searched the internet, and I could not find any reason for the steep decline in the gold price. Have the found new deposits or cheaper technology to extract it?
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Wow saying the average person is dumb, is a bit pushing it. The average person might not be clued up with the inner workings of the financial system, but they might be very smart in other areas of life. Let's be honest, even some of the most intelligent people in the world, might suck at the financial side of things, based on their spending habits.
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It's not as if it's adding a lot of extra overhead on the payment system, by adding Bitcoin. Strange as it might sound, some of these sites have to adhere to KYC and AML regulations too. I think the regulators got to them and gave them the option to stop accepting Bitcoins or close shop.
The VAT issues also make things a bit tricky, when it come down to submitting the yearly tax returns.
Some of these sites accept Bitcoin and have unrealistic expectations on how much added business they would receive. Bitcoin adoption alone, would not significantly increase traffic to those sites. They still need to market the fact that they are accepting Bitcoin, and help to educate people in it's use or simply provide resources to that information. ^hmf^
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The language thing, makes things a bit complicated. Ask your question in your language, and we will try to translate it, to make it a bit easier on you. It's difficult to answer questions, if you do not understand what the person is asking.
Are you asking if it's important to include an investment option in a gambling site? If that is the question, the answer in my opinion would be, YES. Any growing business reach a stage where personal funding cannot carry the growth and the maintenance of the site. External funding is always welcomed, but in gambling the risks involved with this is huge for the investor. You still have the option to provide the opportunity for investment.
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You are looking at it, in the wrong way. There are really nothing to compare it too in the currency scene. It's a relatively young currency and it's global. The fact that it's global make it more vulnerable to sudden change. A small event in one country regarding Bitcoin, could have a significant impact on it's price. Let's not compare the Dollar or the Euro with Bitcoin, because it's something totally different. Let's also not forget that it's got other features apart from being a currency. The more features, the more things can change. <Positive and Negative> The distribution and volume is also very small, and the slightest panic or hype can make a huge difference in the price. <One whale dumps a few coins or the Silkroad coins gets sold, and the price plummets> |
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I think the focus for teens, should be on social media. Monetize things like WhatsApp and allow them to customize it with features paid for in Bitcoin. Allow them to trade and buy data for their phone. I know GEMS allow for some payment, whist you use their service. Just include it as a add-on within Facebook/Twitter/Reddit and you would see a massive explotion in it's use. The Bitcoins earned on these platforms, could be used on sites like eBay / OpenBazaar / Amazon / Alibaba and a lot more. The possibilities could be endless. Not all teens play games, but all teens like to communicate on social media. |
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What surprises me here is that OP made a transfer without checking how much the fee would be. You would be more surprised, if you knew how little percentage of people really know anything about the fee's and the interest banks charged. My company recently invited a bank to present their products to the employees. During the presentation, the rep asked people, what fee's they were paying on different transactions. Only 1 out of the 500 employees who attended, had information on his banks tarrifs and fee's. People complain, but they seldom investigate further into cheaper alternatives. They just get used to it, and then they start to budget for it. When I pitch Bitcoin to people, I normally ask them about their banking fee's, and most of them just guess how much the total monthly fee is, they do not know the individual charges.  |
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How did we get to the <21 Bitcoins = rich> number? I see that number coming up all over the forum. In my opinion 21 Bitcoins cannot even buy you a small car in my country.  From all the comments sofar, I like this the most : For me being rich is having enough money to last the rest of my life without working plus having no debt with my home paid off and self sustaining utilities. Then having enough money in an investment that gives me an income of a few thousand dollars a month to live on.
Once I hit that point I will retire.
If the amount of Bitcoins you have, can pay for every expense you have, without you having to work. <Basically being on pension> You have to be debt free, and be able to live comfortably on the Bitcoins you have for the rest of your life. Depending on the lifestyle you are used to, this would be different for all people. Inflation is a @$%$... and living on any income, without a option to beat inflation, kills that idea for most of us.  |
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If everyone thought like this, there would not be any coins in circulation and the merchants would stop accepting it. We could say, it's value is inherent to it's use, but people still trade it for it's speculative value.
I make sure to hoard a little to gain advantage of it's store of value quality and I spend some to give it the currency quality.
I must be honest, I do not buy very expensive items with it, in case it goes up in value a lot and I kick myself for not hoarding it more. I am more attracted to it's store of value quality due to my current circumstances. < A very unstable economic future for my country, and the possibility of mass emigration to another country, when things turn violent >
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A single address with a lot of coins, could be a family trust or a charity fund or a business. {Let's not judge addresses}
If you, for the sake of this argument receive say 10 Bitcoins a month, would you consider that person as being wealthy? I am trying to figure out, what benchmark people set in their mind, to determine what they perceive as being wealthy. We throw around words like <Whales> when we look at fat addresses, but we do not consider other factors, like debt. < The more you make, the more you think it takes to be rich. >
Let's say a hacker needs to decide between hacking 2 different accounts on Coinbase. What account would he go for? The account with the 7000 small transfers from faucets or the one with the single transfer for the same amount? I say this, but I doubt if they really consider that or if they just grab whatever they can hack.
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Within a month of the first money being deposited in that address, someone picked up on that, and started to beg for money. < Public Note: Good afternoon! Your help is necessary. My wife has a problem with health, treatment is necessary (we expect a baby). If you have some unnecessary btc or satosh, please, help, we will rejoice any help.> I wonder how successfull these people are, because he continues to spam other people with other requests. https://blockchain.info/address/1D6h6TLPrNotHsaJNrdXuPj3ZdHxMNwTGWMost of his spam, was for the same amount of BTC as the other 0.00001 transactions. How much transaction fee's did all these 0.00001 transactions accumelate? |
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There are so many opinions on people saying, someone is wealthy or rich. http://dictionary.reference.com/browse/richor http://www.nytimes.com/2014/06/17/upshot/definition-of-rich-changes-with-income.html?_r=0Many people consider being rich, as the positive balance in their bank account or the house bond that are paid off. In many instances, people regard a high income above a certain income bracket, as the indicator of wealth. I know for a fact, most of those people with the high income, has just as much debt, or even more than the people earning less than them. Do we consider someone being Bitcoin wealthy, when he reach a certain bitcoin count? Say 1000 coins? Do we know how much other debt these people have, or if they own any other assets? In your opinion, when do you consider someone as being wealthy or Rich? People judge other based on the car they drive or the house they live in, but most of these are backed by huge debt. If you subtract the debt owned by these people, compared to the assets they own, they are acctually poor. Let's not judge people, based on the size of their Bitcoin balance.  |
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If I understand you correctly you transfered the money from your country via your bank to his account? You did not use MoneyGram or WU?
Well many companies are already addressing the remittance market, for example BitPay.
The best way to do this, would be for you to help him setup a Bitcoin address with a exchange, and then transfering the money to him via Bitcoin. It's just a pity he has to convert it back to fiat, it would be so much easier if the merchant/tailor accepted Bitcoin too. ^hmf^
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