I am sorry I can't mention any names yet... all I can tell you for now is that in the next few days a big player in the hosting industry will be accepting bitcoins.... Im not talking about a mickey mouse VPS hosting place either.... We finally have a major player looking at bitcoin.
I think this will make a difference.... just them putting the words bitcoin on their site will make a difference for us
How big is it if it compared with RAMhost? it's still small but very good reputation. |
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it cost bitcoin 2 years to have 200 million usd market cap., which has no competitors. If bitcoin exists, another similar e-currency will be hard to succeed. As people will adopt the one with more adopters.
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I’ve read Bruce Wagner’s post about bitcoin. Post 33. http://forum.bitcoin.org/index.php?topic=25252.20I think 3 of the points are still not true yet for bitcoin. • easy to use - o no, it’s not easy. Before you can actually use bitcoin safely, you have to learn about how to use True Encrypt and how to find the damn %APPDATA%/Bitcoin folder on your computer.
o You will have to be patient and nervously cautious to make sure the safety of your money all the time. You’re backing up wallet, deleting wallet and restoring wallet and then backing up wallet…
o You have to remember a very “SAFE” password for the encrypted backing up, which means some serious trouble and difficulty that the geeky guys are not able and willing to understand. Users either have to remember password longer than 12 characteristics mixed with numbers and capital letters, or have to learn some strange things named LastPass.
How can you say that it’s easy to use bitcoin? • no transaction fees - o Yes, there ARE transaction fees now. And after 2140, the miner are mining only for fees. Stop telling people that there is NO fees, please.
• you can start using bitcoin within seconds with no technical skills necessary - See what I said about “easy to use”.
- You have to wait for hours before the downloading of blocks completed, if you’re a first time user.
Maybe they will turned to be true, but not now. They are challenging opportunities for bitcoin developers. P.S. I think these are true for bitcoin. transactions that can't bounce or incur chargebacks no need for bank approval the world's first decentralized currency the world's first currency with a limited supply, yet extremely divisible |
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nice job.
will you support other exchanges if they give the similar voucher system?
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Now the client software is very unsafe and complicated to make it safe.
1. I was told not to trust any of the e-wallet services.
2. I have to delete the wallet.dat when I don't use bitcoin.
3. So this is what I have to do for a bitcoin use:
1) restoring wallet.dat from the encrypted file. ATTENTION, you should know how to locate the %APPDATA%/Bitcoin/ file folder first.
2) Open the client software, and wait for about 20s until it's ready.
3) send coin
4) shut down the client
5) Enrypting the wallet.dat and delete the one in %APPADATA%/Bticoin
The time needed:
1) 30s-60s
2) 20s
3) 5s
4) 3s-5s
5) 10s
Not mention that I have spend half an hour time to google out what is Truecrpyt, how to use it and where to download it to make sure it's not a software infected by the virus.
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Attracting the common folk isn't what's needed. And yes, that is who reads the WSJ. Direct contact/networking to people who would be interested in bitcoin businesses is what is needed. If we get even more people trying to come in and buy coins with credit cards and paypal then we'll just have a lot of people who have bad experiences due to the rough client and such.
So, if we're going to market, market to high tech VCs and entrepreneurs. That is bitcoin's best bet IMO.
I work for a venture capital firm. That's essentially how I ended up here. The price and publicity surge in early June got our attention, but there are several reasons we've decided against any Bitcoin related projects (for the time being). The primary reason is that the Bitcoin market share is puny. The entire Bitcoin economy is worth less than $200M. To put that into perspective, Zynga -- one single gaming company -- grossed nearly $600M last year. Production and marketing of the movie the Green Lantern -- one single B movie -- was $400M. We won't be able to justify any major investment in this market until it gets much, much larger. Personally, I really want to see Bitcoin succeed. But before any of the serious money can move into this market, we need a whole lot more common folk with bitcoins ready to spend. No, it's not a venture capital firm's investment philosophy, it's kind of growth capital. I guess the partner in your firm has never invested in a disruptive idea like microsoft\amazon\twitter\google\facebook or something. yeah, because they are so small and uncertain at its infant stage. But maybe they have invested a lot of money at the later stage of some firms. That's fine, you should watch over the community and one day you'll throw large money into this sector. |
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Like I've said in your other threads - advertisement is not what the bitcoin community needs. We get plenty of publicity from newspapers, and we can barely handle that.
You have my attention. I'm very interested. What should we do? Build businesses? I agree w/ Garrett. Building services that make it easier to learn about and get started using Bitcoin is what's needed imo. You see, we have no business professionals to make this stuff. WE HAVE TO ATTRACT THEM FIRST. The people here are, frankly, idiots when it comes to starting a business. They are good at technical stuff but are terrible when it comes to anything requiring sound delegation, marketing and financing. good point and agreeing with you. |
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So I guess there is no legal worries should any merchants have.
And in the future the exchange rate hassles can be fixed automatically by the Quickbook or some software like that, as long as bitcoin is widely accepted.
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Every bitcoin adopter talks about bitcoin to your closest friend and persuade them to trust this new idea, and it will be globally accepted eventually.
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Is there any tax disadvantages for merchants to accept foreign currency but not USD?
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Some other similar services has a longer name to remember.
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the day after the birthday of the United States.
Cool~
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but as I was informed, Gavin treat bitcoin only as an "experiment", he is not a big believer.
Maybe someone else can deliver a far more better speech.
who? He is not there yet. I shall wait. |
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but as I was informed, Gavin treat bitcoin only as an "experiment", he is not a big believer.
Maybe someone else can deliver a far more better speech.
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we shall wait until a faithful bitcoin adopter go to the public and tell people "why bitcoin". That man will be refereed as a leader.
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YOU are trying to make a banking service.
You're not a hacker anymore.
You should make people TRUST you!
You don't even show people your identity, address, etc.
Do you think you're selling porn movie with bitcoin?
NO, you're doing bank business!!!
you should let people trust you!
And to the other people who see this post, please never, ever trust such site who's running by a private person.
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This is not really a post concerning about mybitcoin, but about the future of the bitcoin economy.
The service like mybitcoin is no doubt to play a very import role in the future. I guess we need audit firm such as KPMG, PWC to audit the asset which these service provider should have. So is it possible for an audit firm to check whether mybitcoin has those numbers of bitcoin, but at the same time, preventing the auditor from copy the private key that mybitcoin have?
It's not only possible, it's trivial. Proving you have a particular private key is one of the simplest things to do. But at the same time, you have to prevent STEALING in the process of the AUDITING. The database of the mtgox was lost in the auditing process. It's not like the auditing of gold storage. An auditor are not that easy to take away a piece of gold without being caught. But a private key is only a piece of information, the auditor got the information and got the money! |
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