I think that bitcoins are not a form of limited-supply currency. Unlike gold bitcoins infinitely divisible, but the problem is the implementation of it today. Instead of using int64, implementors should use bigRationals instead.
And its not really a level playing field in case of bitcoins. Because you don't know when, hoarders are going to restrict or loosen the supply of bitcoins. Sort of like a 51% attack on the supply of bitcoins.
I disagree. Bitcoin is definitely a limited-supply currency. I don't see why it wouldn't be - there are only finite number of Bitcoins that can be generated. Also, Bitcoins are NOT infinitely divisible, where did you get that from? The idea with limited supply currencies is that the value of currency would adjust depending on the total worth of goods and services available in that economy. Of course hoarding is a problem with these currencies. |
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Ok, so I got a screenshot of my Google Analytics exactly during this time frame (May 25-June2):  You can see I had 350+ unique visitors. I had the ad unit live throughout. You can see the a-ads statistics in my previous link. The impressions that you counted are way below even the number of unique visits (in reality, you said impressions count even for multiple pages of a single visit, so they should be higher). This is why I thought there might be something wrong. I would be more than happy to give this another try if you think it will count and give me credit for all my impressions. Cause he isn't counting unique views to your site, he is counting the unique views of the entire ad views. So if a person visits a site that has a-ads on it, then goes to your site, you don't get any impression for that. Oh really? First of all, that sounds terrible. Secondly, I also highly doubt that 70% of my audience has visited a site that has a-ads on it before. Also, I think he said your impression count goes up for duplicate views, it just doesn't show up in the earnings - there are detailed stats for both "unique" and "overall" views that seem to cover the situation that you are describing. |
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Ok, so I got a screenshot of my Google Analytics exactly during this time frame (May 25-June2): You can see I had 350+ unique visitors. I had the ad unit live throughout. You can see the a-ads statistics in my previous link. The impressions that you counted are way below even the number of unique visits (in reality, you said impressions count even for multiple pages of a single visit, so they should be higher). This is why I thought there might be something wrong. I would be more than happy to give this another try if you think it will count and give me credit for all my impressions. |
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Thanks for your answers!
One more question - why do you call your partner CodeMonkey?!
I think that's his handle/alias. right? Oh lol really? That's a lame question then!  |
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I've had mixed results using Anonymous Ads, honestly. I use it on two of my blogs now. The first has done quite well, and I reached the payout of BTC0.01 in about a week on traffic of about 70-80/day. However, on the second site, the payment seems to be extremely low. My stats show that for 109 impressions, I have earned 412 satoshi. At this rate, it will take me forever to reach payout. I don't even know why there is such a huge difference in any case.
AnonymousAds doesn't pay per click or per impression. It redistributes advertisers' money with respect to ad unit's globally unique traffic. It may take some time before your site starts earning, and it will take some time to stop earning after you remove ad unit code from your site. Also, I assume that when an ad is unavailable, it doesn't count towards the impressions? Because the second site I mentioned has fewer ad impressions than page impressions. Default ad views count towards impressions. But only impressions from globally unique IPs/day are rewarded (unless advertisers reward you for some reason). You can see stats for unique & non-unique impressions and earnings of your ad unit here: https://a-ads.com/ad_units/3564/stats (they fluctuate greately). I suppose that if you keep your ad unit on your site for couple of months, you will have a much higher average CPM/CPI. Please let me know if it is not the case. Thanks for trying AnonymousAds and sorry if it didn't work for you. Thanks for your reply. I definitely have a very good globally unique and diverse group of visitors to this site. My unique visits per day are about 40-50 on an average. I didn't see default ad views being counted towards impressions. There might be a bug - I am very certain that the ad unit must have generated more than 1000 impressions when I removed it, based on the pageviews information I have from my website's analytics. It was and is stuck at 109 impressions for a long time. Can I put the same ad unit on a different website or do I have to create a new one for each website? I might give the same ad unit a try on a different blog. |
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Thanks for your answers!
One more question - why do you call your partner CodeMonkey?!
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After the site went down, I don't see my publisher stats anymore. Is that something that you're still working on restoring?
He has sold it to someone, the new owner is playing with this. Even I am not able to see stat sometimes and Its not updating at all even if I can see them. I have removed the ads from my websites now, PuppyTwist is near-to-dead. Edit: Also, have a look at http://123bitcoins.com/ . Saw something interesting? So Take money from the advertisers, don't pay the publishers is the business motto now? That's sad. |
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I have some questions for miners and traders.
1. As more and more Companies see BTC threatening to their business.
I stopped reading here. What? Why? It is just a payment system, it doesn't threaten any business (it does challenge the governments by bypassing the official currency routes that can be taxed). Businesses can adopt Bitcoin if they want as an alternate to their existing payment systems. OK can you answer me this question , how does PayPal make money ? Fees Yup so it does a lot of damage to those kind of companies , where their biz model is on taking fees per transaction Paypal revenue in 2012 Revenue US$5.6 billion (2012) - by Wikipedia If you are decision maker in PayPal what would you do , adopt BTC ? Lol you're talking of direct competing companies? Of course they won't like competition! But think of this in terms of a neutral business that isn't in the business of processing payments. How much of the economy do you think Paypal/Visa/Mastercard make up anyway? |
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I posted a proof of how I never got credit for winning a game that you posted, in another thread you started, which you promptly deleted. Will you do the same to this one as well?  |
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What if it is a number that no one picks? Will you keep picking a random number till it falls in the category of a picked number?
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I got rid of my Anonymous Ad unit. The rates seem insanely low for publishers. I was averaging 4satoshi/impression. That's a ten thousand times less than the market rate! Here are my real stats. Just publishing this for everyone's reference.  |
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Any thoughts on whether it makes sense to try to mine this with CPU mining? I just have access to my laptop
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Wow thanks for this link, it's a great historical relic ... humble beginnings for a billion dollar economy! |
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Bump! A big thanks to everyone who has donated so far!
You answered everything but my question. Liars tend to get very offensive when you call them out to deflect the heat off themselves. What organization are you apart of? It's a simple question. And still no answer. It is really unfortunate how these scammers take advantage of such disasters for personal gain. |
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Credit is a hard concept in the Bitcoin economy. That being said, lending isn't that terrible. Go back to the basics -
If a bank uses only Bitcoin, then this is how it will make money: through a spread between savers and lenders. That's how traditional banks are supposed to make money too. People deposit their Bitcoins in the bank for safekeeping and they get some rate of interest. If you're borrowing Bitcoin from the bank to start a business, say, then you need to pay back a higher number of Bitcoins. The bank keeps the difference for taking that risk. Same concept as traditional economy.
Remember currency is just the medium of exchange. The total wealth of the world can keep increasing irrespective of the currency.
You did not understand the problem. If deflation is 20% a year you cannot lend from bank for anything under 20% in real terms. Such high interest would cause demand for credit to be very small and without demand there is now way bank can profit from lending. It was a good answer to the original poster's question: 'How do banks pay their lenders?' The OP seemed to be under the mistaken impression that a specific business (a bank) needs to increase the stock of money to to pay the interest off loans. The truth is that profit can pay the interest. Also, if the currency is increasing in value 20% per year, think about why that is. It's because of economic growth. If you can't have economic growth with the currency appreciating that much, then the growth slows, and the currency increases in value at a lower rate. Yeah, that's exactly what I wanted to say. If you say that the units of currency are fixed, then with economic growth, the value of each of these unit will increase proportionally. The reason that doesn't happen with fiat currency is essentially inflation (inflation defined in terms of increasing the supply of currency, not CPI based inflation). In a Bitcoin economy, the value of 1 Bitcoin will be 1/21 millionth of the size of the economy. The economy grows irrespective of the currency units. |
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Alright, I am taking your suggestion to convert my sweet to sugar, so here's to the logo Wallet: SGbVvustWxqNKq8mVFM4kmNQ1F46YBbmxJ So sugar is in your wallet 50 more send  Thanks! Now, if I can only figure out how to Sync my damn wallet on Windows 7 add these to your shortcut -addnode=14.160.68.206:9560 -addnode=50.9.87.185:9560 K. Thanks, that works! I added these nodes to a sexcoin.conf file and it syncs now, and shows up my balance. |
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Paul, I doubt these kinds of algorithmic trading exist with Bitcoin. For one, the financial industry still isn't in the game yet due to the ambiguity surrounding the legal aspects of Bitcoin I am guessing. Also, the BTC market is far from efficient - it isn't even leverage free! |
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For more proof only send a little bit of Btc and then I'll double that and return it and people will vouch for me being legit.
Wallet address - 1739arBiAci9xChEDVWAdxXbMckAyANVbb
Might work as a ponzi scheme actually. He might honestly return some BTC to the first guy, hoping he will vouch for him, and then scam on the next round. p.s. please don't go and send him the money! Edit: https://bitcointalk.org/index.php?topic=210427.0 What's the criteria to get banned here forever? Why isn't the OP banned yet? |
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