Bitcoin Forum
May 28, 2024, 10:34:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 »
141  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 04, 2013, 01:13:17 AM
Quote
How much are you willing to pay for producing these types of lectures?

Perhaps there's a miner who would like to cover these costs for you?
(Let's see how much in donations you'll get after this discussion.)

I think a project of this nature should be worth around 1% of the entire bitcoin economy. It will resolve the PR issue bitcoin faces and bring the mainstream into the currency... This project's value in my opinion is of equal importance as the development of the protocol itself.


Don't sell yourself short: your project is worth every satoshi of a 50BTC bounty per lecture.

142  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 04, 2013, 01:10:33 AM

I would really enjoy suggestions on how we can encourage more people to use btcs as a medium of exchange. If you'd like to record some lectures, then I'd be happy to post them.


How much are you willing to pay for producing these types of lectures?

Perhaps there's a miner who would like to cover these costs for you?
(Let's see how much in donations you'll get after this discussion.)



Let me know when you get enough in donations to pay at least 50BTC per lecture. (Naturally, this fee will be halved in about 4 year.)

143  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 04, 2013, 01:06:07 AM

I would really enjoy suggestions on how we can encourage more people to use btcs as a medium of exchange. If you'd like to record some lectures, then I'd be happy to post them.


How much are you willing to pay for producing these types of lectures?

Perhaps there's a miner who would like to cover these costs for you?
(Let's see how much in donations you'll get after this discussion.)

144  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 04, 2013, 12:55:04 AM

However, the very first step will always be teaching people the fundamentals of bitcoin.


What's there to teach? Currency is currency — there's nothing more to it than understanding where and how to buy/sell things with/for it. You don't need an economist for that.

But it's the bitcoin miners who actually need a lesson or two on how to turn their freshly-mined bitcoins into BTC without the help of "pump and dump scheme" enthusiasts.

However, something tells me that they would need to open up their pockets sooner or later in order to pay for those lessons.

145  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 11:45:44 PM

these are ductape wallets

check it out here: http://www.coingig.com/AlexMercedStore


It's nice to see listings with no mention of any currency other than BTC. How has coingig.com been working for you so far: is it worth opening a merchant account there?

146  Economy / Economics / Re: What type of miner are you: BIG balls or BIG plans? on: May 03, 2013, 11:12:39 PM


Any idea on the internet that's popular uses money and instead convert that cost to bitcoin Smiley



It would be interesting to know which of those ideas would actually tickle a bitcoin miner's fancy.

147  Economy / Economics / Re: What type of miner are you: BIG balls or BIG plans? on: May 03, 2013, 10:52:46 PM


Apparently, there aren't any BIG PLANS miners in this sub-forum... Oh well, looks like the recent bitcoin hype did not spark BTC germination either. Or is this too soon to call?


148  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 10:29:20 PM
Quote
I'm not in need of your service... But miners are — it's in their best interest to generate demand for BTC. Unfortunately, they still believe in bitcoin being GOLD 2.0, not BTC.

Consider it a donation to the economy as said coins will be used for commerce. We already paid for out website with btcs and also some graphics work in btc.

Only if you can figure out a way to break the hoarding mentality... Right now your focus seems to be on boosting demand for bitcoins, not on spending them as BTC.
149  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 10:21:34 PM

agreed I sell wallets for .1 BTC


As a manufacturer or just a distributor? In any case, your price is way too low.

At that price it only costs an average miner $0.30 to buy a wallet from you.

How much does it cost you to manufacture/source a wallet?
150  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 10:15:44 PM
Quote
How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.

Well then put your money where your mouth is, We are accepting donations:

189tfJJhCJFtkr4MZJgcB3yuGTfUh7cvUL

I'm not in need of your service... But miners are — it's in their best interest to generate demand for BTC. Unfortunately, they still believe in bitcoin being GOLD 2.0, not BTC.
151  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 10:09:20 PM

The early stage of these coins is just about production, I think we are about 60% of the way through this stage for Bitcoin, after production has peaked then it's about distribution (people setting up goods and services), and the third phase will be major adoption and establishing capital markets in BTC.


These stages will pretty much come and go without any one of us doing anything significant to aid in their progress... Let's just refer to them as the bitcoin project life-cycle. However, what's important for everyone to agree on at the very early stage (before the final product is shipped for consumption) is what type of bitcoin project do we want to distribute: a make believe virtual economy (a.k.a. yet another MMORPG economy) or a real-world BTC-based economy. I tend to have an affinity for promoting the latter form/shape... What about you?

Do we really want bitcoin to be a more realistic alternative to Second Life?

152  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 09:23:58 PM

right now there isn't so much of a goods market so what else would people really mine it for at this point


How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.
153  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 09:07:00 PM

that I totally agree with, but most of miners just want to sell there BTC for cash

How do you know that it's the miners who are actually selling their bitcoins? Current exchange rate fluctuations could be due to Smart Money using the Pump and Dump schemes.
154  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 09:04:11 PM

It may help to think of miners as the FED of bitcoin-based economy: they are in complete control of fluctuations in BTC money supply by how much bitcoins they decide to put back into circulation after taking them out through transaction fees.
155  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 08:54:34 PM
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.



I'm linking your service to selling something that has been created out of a thin air. They only way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding.

what are you talking about?

His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?

There won't be any worthwhile buying or selling of products/services without the increase in spending by miners -- they are the only ones who initially seed BTCs into circulation, thus increasing the total BTC money supply (not to be confused with the monetary base of 21 million bitcoins).
156  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 08:45:14 PM
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.



I'm linking your service to selling something that has been created out of a thin air. The only sure way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding. So, figure out a way to pay your lecturers in BTC.
157  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 08:31:11 PM
Quote
How are you planning to pay for all this if you are not a miner? Even miners don't mine bitcoins for free.

The say way Satoshi paid to develop bitcoin. Through volunteers and community donations. I am working for free and I got Udemy to support us at no cost. We will never have to pay for bandwidth for our lectures. The more people who enter the bitcoin world; the more money my bitcoins are worth.

It's important to understand that starting bitcoin and developing it are not the same thing: the former involves Mining (creation of X), the latter — Minting (promotion of X as a thing of value — a.k.a. sales). Your service clearly helps turn bitcoins (a "mined form" of binary code) into BTCs (a "minted form" of binary code). So, the question becomes, how do you motivate someone to sell something that has no utility to begin with when there's not even a tiny commission attached to a sale?

Let's face it, it is in the miners' interest to start paying the sellers to increase BTC's circulation... Otherwise, their innovation (bitcoin) will continue to have less than a $3 underlying value (i.e. the cost of extracting a bitcoin), until it finally would hit zero after all bitcoins have been mined and most miners have long moved onto the next lucrative opportunity.
158  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 06:43:11 PM
Quote
Are you a bitcoin miner or just a buyer/user?

I'm an educator seeking to spread our currency to the world. I need good economists to help explain the complex issues of a deflationary currency and the metrics we use to understand how bitcoin is doing.

How are you planning to pay for all this if you are not a miner? Even miners don't mine bitcoins for free.
159  Economy / Economics / Re: Looking for Bitcoin Econonmists on: May 03, 2013, 06:37:05 PM
The Bitcoin Education Project is looking for economists to help develop content for our free crowdsourced online course:

https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/

Please either post in this thread or PM me for more details

Are you a bitcoin miner or just a buyer/user?
160  Economy / Economics / What type of a miner are you: BIG balls or BIG plans? on: May 02, 2013, 11:29:50 PM
There seems to be only two types of bitcoin miners: those with BIG PLANS (a.k.a. Investors) and those with BIG BALLS (a.k.a. Speculators). As can be expected, the ones with BIG BALLS are usually the loudest of the bunch, always chanting GOLD 2.0, GOLD 2.0, GOLD 2.0!!! But let’s face it, if it wasn't for these highly specialized gold diggers, bitcoin would have not become anything more than an intricate web of programming code.

Unfortunately, these same BIG BALLS miners can just as easily become the downfall of bitcoin, especially as we get closer to reaching the "21 million bitcoins" landmark. Perhaps as early as 2016 we can expect an exodus of BIG BALLS miners as there won’t be anything worthwhile left for them to mine (other than the alternative crypto-currencies, of course).

Fortunately, there’s still hope, and it involves building a BTC-based economy from the ground up. That’s where the BIG PLANS miners come in. They are the ones who want to see bitcoins used primarily as a currency rather than a speculative commodity/asset. However, for that to become a reality, miners must begin to actively commission projects/startups that transact solely in BTC (without converting BTC back to USD, etc). It is the only way to increase BTC money supply beyond the initial monetary base of 21 million bitcoins.

If you are a BIG PLANS miner who wants to save the BIG BALLS miners from extinction, feel free to suggest a project/startup that’s worth commissioning... Viva la BTC!!!


Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!