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Oversupply of new and better coins will cause bitcoin to be $175 at end of year.
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I actually saw some business accept it, and you get a discount of 10% for paying in bitcoin.
But, I want to actually initially fund the business to earn this discount. This would mainly be offered to miners/pools/investors with large hoards of coins that want a way to give back to those that missed the boat. The BTC fund the capital of the initial business. |
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> What if bitcoin offered to fund a business for $5000 worth of bitcoins.
Who is this "bitcoin"?
What I mean is you can ask the community to help fund your project with the reward that you will be a discount of 10% forever. USD users would have to pay full price. Yes, you can have some "insiders" that might get a 20% discount (that funded the project). On indiegogo, you get to buy a new innovative product on the cheap. This way all bitcoin users get to participate. The profit is earned on the USD side. Say you need 20 BTC to buy CNC mill that you want to make a box. This box might cost $100 for USD dollar users, but $56 for BTC users. It adds value to bitcoin network as a whole. |
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To provide seed, crowd-funding, and a pseudo equity position for businesses. I remember reading a Warren Buffett letter to shareholders once in which he offer those attending the annual meeting a discount on Geico auto insurance. He was offering a discount to stockholders of a company. Suppose the company was generating 10% profit per policy, however the policies to shareholders only offered 2% profit. You as a shareholder would have to use less after income after tax to buy a product. The company would pay less corporate income taxes.
What if bitcoin offered to fund a business for $5000 worth of bitcoins. In return all users that pay in bitcoin for the site get a 10% discount on products permanently. Say the average profit margin is 10%. Thus acting as a community we can crowdfund businesses and get a permanent tax free dividend of lower prices.
Pay With Bitcoin
10% discount
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So as long as there is no stability and therefore not useable for every-day-purchases, btc is just a bubble.
Why do you need stability? The higher it goes the better it is for the users. I hope it goes to $1 million if someone is willing to buy it for that much. |
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I think the alt coins have shown where bitcoin is headed, near zero. Anybody can create an altcoin for about $1000, change 3 lines of code. Yes bitcoin is limited in supply, but if you consider all the coins taken as a whole the supply in not limited. New coins should be popping up every week. That is the value right now creating your own coin, you can be a millionaire. The reality is there is no value added in mining. Just a scheme to get a few people interest in and writing about the coin. Like pokemon cards were dilute by new editions, bitcoin will be diluted by new coins.
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The only thing quark and infintecoin have is halving of the block reward at very fast rates. 4 weeks for infinitecoin and 3 weeks for quarkcoin. ioc has a low inflation rate, but it is merged mined and many that mine it have no interest in the coin so they sell it, putting negative pressure on the price.
If you want to be a millionaire create a coin with 1 week halving rate.
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We need some low inflation coins. but I was wondering what coins have been created to get in on the ground floor?
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Seems these low inflation coins should have their own and many websites.
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Maybe we should have daily news on these wonderful coins set to replace bitcoin? Any thoughts. Yes, I am pumping them I missed the bitcoin boat.
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iocoin is one of the oldest and best coins. It has very low inflation, lower than any at the present. Why give your coins to miners? is that not the same as giving it to the fed or congress?
Iocoin the future of coins.
I don't forget its bed brother, IXC.
We need as website for I0C, with a good website the price will double, and bitcoin will be abandoned for it.
To all the speculators out there, buy 100,000 i0c coin make a website, pump it, and your coins will double the inflation rate is less than 5% a year.
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Just wondering where are the coins with less present inflation than the U.S. dollar or the euro?
I0C vircurex
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winner so far, the green quark is logo to some company. |
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Soon to be quarkcoin and infinite coin early next year. Technically ripple is already zero but what is it.
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I am trying to collect all coins that have little inflation.
Presently:
I0C
are there any more?
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I think the US has already tried a similar approach: This is the first generation that will be less educated than their parents. How's that working out? ... at the same time China has 10's of millions of engineers graduating over the coming decade. This may not end well. The U.S. has basically a free education system if you go to a public school. The reality is education standards are worse than 10 50 or even 100 years ago. Most can't find Australia or England on a map or know basic algebra. The engineers and workers in the U.S pay all the taxes. We have a massive welfare system where a women with 15 kids actually expects to have everything paid for her. The majority expects massive amounts of free stuff. In China you are allowed to have one kid or face fines. I don't know how we can be less educated when virtually everyone qualifies for student loans. The problem is education does not necessarily lead to wealth or remove you from poverty. In many ways it is worse because a person with a B.S. expects to be paid such and such so they end up in government with fat salaries. Many in government also seek degrees to get a bump in pay, even though they don't even need the degree. Robert Reich is treated like a hero of the poor, yet in my humble opinion he is a financial terrorist to the workers and poor. His false solutions will only lead to the poverty it has already caused. Obama reminds me of Kirchner. Both are kind of cool cats which the welfare state just loves. |
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The current fee of 0.0001 is about less than 2 US cents.
Merchants don't need to insist on a fee. But merchants will insist on a confirmation.
The solution is to have a fee of about $1-5 per transaction. Thus about 0.01 at todays rate. You want to get all the bastards like satoshi dice from spamming the chain. What you do is you have 3-4 major exchanges acting as wallets for petty cash. You would need no confirmation and pay like 0.5% fee to them for every transaction. Thus you put a bitcoin on the exchange for .01 fee thus you have $200 in value on there. From there you just buy and sell and the exchange get a small amount of additional revenue. If the site goes broke or skips town you lose your $100. However, they have the incentive to stay with their fee. These exchanges could even use a common wallet thus everyone would be using the same wallet. Sort of like cirrus networks. Everything would be full reserve so you would not have to be worried about them using your money for loans to losers. This main wallet would only have an extremely small amount of bitcoin there and would be sent as needed to fill the needs of merchants that want to cash out into real bitcoin. This is actually already being done today in many ways. Higher fees is the solution not the problem. If you buy a $20,000 car or house, a $5 fee is not a problem. Congratulations you just invented banking. When 3 or 4 clearing houses handle 90% of transactions it will be no different than banks today. Bank fees don't HAVE to be high. Credit Cards don't HAVE to cost 3%. They are high because the banks WANT to profit on the backs of their users. No you are not forced to use the clearing houses. There are no fees and anyone can set-up their own system. It also is not banking as banking involves loans. It is a simple means to get the transactions off the blockchain. Can bitcoin handle a million transactions a second? Any clearinghouse charging more than 0.5% fee will not be used. |
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The current fee of 0.0001 is about less than 2 US cents.
Merchants don't need to insist on a fee. But merchants will insist on a confirmation.
The solution is to have a fee of about $1-5 per transaction. Thus about 0.01 at todays rate. You want to get all the bastards like satoshi dice from spamming the chain. What you do is you have 3-4 major exchanges acting as wallets for petty cash. You would need no confirmation and pay like 0.5% fee to them for every transaction. Thus you put a bitcoin on the exchange for .01 fee thus you have $200 in value on there. From there you just buy and sell and the exchange get a small amount of additional revenue. If the site goes broke or skips town you lose your $100. However, they have the incentive to stay with their fee. These exchanges could even use a common wallet thus everyone would be using the same wallet. Sort of like cirrus networks. Everything would be full reserve so you would not have to be worried about them using your money for loans to losers. This main wallet would only have an extremely small amount of bitcoin there and would be sent as needed to fill the needs of merchants that want to cash out into real bitcoin. This is actually already being done today in many ways. Higher fees is the solution not the problem. If you buy a $20,000 car or house, a $5 fee is not a problem. You might even want to use a wallet for that for a paper trail and proof you paid. |
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Lol, like what happens in the house will change any of that. My sarcasm detector is ringing  Yeah, for most small towns whose school is their largest asset, that's a great idea, exchange your only real asset for worthless paper. Personally, I will pay my teachers extra. The house has probably already saved over $2 trillion in additional spending. Selling the schools will allow them to pay off all their debt. Implement mandatory home schooling, or force parents to pay for their kids education. If you want to pay your teachers more you are welcome to donate to the schools or city. http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm |
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Well the word to focus on is "elected." Argentinians have chosen this way of doing things.
The majority did. This is why democracy is a poor form of government. People need rights in a republic. Hitler was mostly elected into office. |
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