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2041  Local / Deutsch (German) / Re: Drittes Münchner Bitcoin Meetup am 21.09.11 (CHECK IT OUT) on: September 21, 2011, 09:46:31 PM
War tolles Treffen Smiley Lauter interessante Kontakte.

Es bestand Interesse an Fluxday an Stelle von Doodle.

Vorteile:
* Man hat immer den selben Link für mehrere Treffen nacheinander verwenden
* Übersichtlicher
* Man kann sich ein- und austragen ohne Anmeldung
2042  Bitcoin / Bitcoin Discussion / Re: $10,000 Bet that Bitcoins will outperform Gold, Silver by 100X !!! on: September 20, 2011, 12:24:00 AM
https://en.bitcoin.it/wiki/FAQ#If_every_transaction_is_broadcast_via_the_network.2C_does_Bitcoin_scale.3F

sure, for instant payments clients work well now but not so later.
later you might either need a big machine to accept unconfirmed payments or wait for the next block.
2043  Bitcoin / Bitcoin Discussion / Re: I started spending my bitcoins ;) on: September 19, 2011, 06:37:02 PM
Oh! One more:

Yes, I am into hoarding but I would always spend the coins right away without any hesitation (if I would spend the money in €, too) as I know I can replace them today at Gox no matter what the rate is today with the good conscience of having spent BTC.

In other words: I am hoarding definitely above my limit of money left for fun/experiments/gambling and extending that amount is not a good idea but buying more BTC would not mean to extend this amount if I spent it before.

As I do believe in BTC to be more than a store of value I will give it away at any occasion where I would spend the same amount of € else.
2044  Bitcoin / Bitcoin Discussion / Re: I started spending my bitcoins ;) on: September 19, 2011, 06:31:05 PM
each time i hit on some shop that would work just so much better in bitcoin i tell them in lengthy emails or personally. it's lobbying and it's annoying for me and them if they are not too much into it but i think if many do this, it can make a change.
2045  Bitcoin / Bitcoin Discussion / Re: I am questioning whether if we should be calling Bitcoins by their name... on: September 19, 2011, 10:52:24 AM
Also a practical point: your balance would be changing all the time. One moment you have $10, the next you have $20, then $5, and so on Smiley You send someone $10, then when it arrives it's $9 or $11...

+1. To me this is the only valid argument as the client could just have a drop-down for currency so this USD vs. EUR vs. IRR would not apply. And a second drop-down for picking the exchange platform.
2046  Local / Deutsch (German) / Re: Drittes Münchner Bitcoin Meetup (Terminfindungsphase) on: September 19, 2011, 09:57:52 AM
ist der Mi 21.9 (= übermorgen) jetzt gesetzt? gleicher Ort?

Große Bitte den Termin hier bekannt zu geben auch von mir!
2047  Local / Deutsch (German) / Re: Drittes Münchner Bitcoin Meetup (Terminfindungsphase) on: September 15, 2011, 10:16:13 PM
ich glaub des wird ernsthaft eine selbsthilfegruppe xD

Kopf hoch! Ich hab mich grad gefreut, nochmal für 5$ kaufen zu können. Außerdem fällt gerade die Difficulty, was mir auch zu gute kommt.
In der ersten Runde hab ich noch 9$/BTC gezahlt, aber wenn die Projekte, die jetzt alle in der Launch-Phase sind mal an Fahrt aufnehmen, dann denk ich geht's auch wieder hoch. bitcoinica könnte zwar kurzfristig Unsicherheit bringen, weil es eben die Volatilität mit wilden Spekulationen in die Höhe treibt, aber wenn da Spieler Interesse gewinnen, dann wird auch mehr Geld in BTC landen. bit-pay ist das andere Projekt in dem ich gerade viel Potential sehe. Wenn erstmal substantielle Wirtschaft hinter BTC steht, kann auch die Politik nicht mehr einfach alle wieder Heim schicken.
2048  Other / Beginners & Help / Re: Subscription Service Idea on: September 15, 2011, 07:31:16 PM
I've asked this on the kink-thread and you seam to have the bigger vision so maybe you are willing to answer my questions:
Anyway so what happens next? What happens if I pay too late? Will you take the money? Will you send it back to where it came from? After how many confirmations will you accept the payment?

Does kink know/like your service? Do you pay them by credit card? Will they lock you down for fraud when the same credit card is used a million times for different accounts? How does the credit card provider like your service?

Please tell (a lot) more about the implications of running such a service as I was thinking about doing something similar for prepaid cards and essentially everything that you only buy a little letter sequence at. Many browser games have gift codes and such.

My concerns were:
  • Will the original vendor like my business? If I want to resell prepaid card numbers do they have an API so I can buy them in bulk or would I have to scrub the cards open and get sued over it?
  • Will the payment provider like it or lock down my credit card for fraud suspicions?
  • Is it sensitive with respect to money laundering laws or so. (This one would more apply to prepaid cards then to porn subscriptions)
2049  Other / Archival / Re: Good news: there is a market for legal payment middlemen on: September 15, 2011, 10:38:02 AM
Disclaimer: I'm into business, not into your porn Wink

I tried it out but don't quite understand what it is. So there is a drop down with categories labelled "sites" and a field "kink username". Coming to your site not knowing kink.com at all it's very confusing! So at kink you subscribe per category? Interesting concept.

Anyway so what happens next? What happens if I pay too late? Will you take the money? Will you send it back to where it came from? After how many confirmations will you accept the payment?

Does kink know/like your service? Do you pay them by credit card? Will they lock you down for fraud when the same credit card is used a million times for different accounts? How does the credit card provider like your service?

Please tell (a lot) more about the implications of running such a service as I was thinking about doing something similar for prepaid cards and essentially everything that you only buy a little letter sequence at. Many browser games have gift codes and such.

My concerns were:
  • Will the original vendor like my business? If I want to resell prepaid card numbers do they have an API so I can buy them in bulk or would I have to scrub the cards open and get sued over it?
  • Will the payment provider like it or lock down my credit card for fraud suspicions?
  • Is it sensitive with respect to money laundering laws or so. (This one would more apply to prepaid cards then to porn subscriptions)
2050  Bitcoin / Bitcoin Discussion / Re: BitCoinEverywhere (Firefox Plugin) on: September 06, 2011, 10:15:44 PM
Bit-pay does exactly what I suggest in my final sentence - the bitcoin part of the payment for the shop owner. Payment processors should not have serious legal issues here.

Ok, I confess I didn't describe all the issues but the security concerns are manageable I guess. The customer collects items, gets to the payment options and confirms his purchase with the plugin activated. Now the plugin intercepts the final confirmation, the plugin provider's server kicks in by starting a new shopping session (or taking over the old one), does the payment part and actually sends once the bitcoins arrived. Shipping details can be set within the plugin or taken from the ordering process, credit card details are not in reach of the customer ...

bitcoin2cc is super expensive and doesn't work btw. 24% fees right now and the purchase button just does nothing here.


 
2051  Bitcoin / Bitcoin Discussion / BitCoinEverywhere (Firefox Plugin) on: September 06, 2011, 09:43:08 PM
Hi guys,

with the firefox plugin bitCoinEverywhere installed you can shop in all the online shops that are adopted by the plugin and when you are presented the shop's payment options you will be given one extra option - guess what - bitCoin. The plugin charges you 5% extra and gives you the weighted average price of the last hour for your purchase and will do a paypal, moneybookers, bank transfer, whatever payment as soon as you've sent the bitcoins demanded to the bitcoin address shown on your behalf. The plugin will find the which data to send with the payment (bill number, name, etc). With green-addresses, this can be processed with no delay compared to a direct paypal payment.

Sad thing is this plugin does not exist. I see several issues but also great potential to such a service.

Problems:
  • Shop owners might not want plugins to mess with their payment processing.
  • Every payment update in the shop could lead to a broken plugin so QA might be extremely costly.
  • Payment providers like paypal, moneybookers and even banks might close the accounts after the 3rd payment.
  • The plugin provider would need to have quite some cash in moneybookers, paypal and bank account so the clients can use all these methods at all time. After all sending the received bitcoins to Gox, cash out the dollars and send them to paypal again takes several days if not weeks.

Oportunities:
  • I suspect bitcoin owners to be willing to pay 5% fees for payments if they can use bitcoins at amazon today
  • there are shop solutions used in hundreds of shops so covering one would mean covering all that use the unchanged payment module
  • Some shops might not notice the plugin as payments flow without any chargebacks. Fraud management is probably not alerted.
  • Shop owners might cooperate as they never have to deal with bitcoins and as long as they don't do this weird bitcoin thing, nobody can blame them for accepting extra customers all paying with the same bank account.

I'm bringing this up here as I don't see any way of running this alone or with people I know and have no time to do the business plan and search for investors now. Do you think this would be a cool thing? A doable thing? Maybe a substantial subset like payment processing for shop owners without client side plugin but a lib installed on their frontend server?

Any comments welcome Wink
2052  Bitcoin / Bitcoin Discussion / Re: Input Requested for Possible Bitcoin Convention on: September 01, 2011, 11:05:51 AM
Oh YES! Make all the fast food places around the location aware of the geeks coming and tell them that accepting BTC will definitely be a selling point during the conference Wink Maybe BTC can grow in the real world after successfully seeding some spots with such conferences.

When on a conference, all I buy locally is fast food late at night but maybe other businesses should be briefed, too. Tell them you will have a list of local businesses accepting BTC on the conference website. Most likely if you have a hair dresser accepting bitcoin for the free advertisement, one out of 50 guests would even get his hair cut.

And please give such businesses all the support to get started free of charge. Most likely the local bitcoin community would love to help out.
2053  Bitcoin / Meetups / Re: EUROPEAN BITCOIN CONFERENCE 2011, PRAGUE NOV 25-27 on: August 31, 2011, 08:06:38 PM
Sounds good. Price with hotel is fine but somehow I would rather prefer to stay at a friend's house. Is booking without hotel really limited to locals??? Would be sad but maybe no blocker for me.
2054  Bitcoin / Bitcoin Discussion / Re: Input Requested for Possible Bitcoin Convention on: August 31, 2011, 07:48:14 PM
I think you missed the anouncement of the euro bitcoin conference:
https://bitcointalk.org/index.php?topic=40272.0

oh thanx for the link. Prague is really perfect for me Smiley Lets see ... Smiley
2055  Bitcoin / Bitcoin Discussion / Re: Input Requested for Possible Bitcoin Convention on: August 31, 2011, 06:57:06 PM
sure all the talk about virtual conference is nice but the socializing and getting together with like-minded people to start new biz only works when seeing live for a beer for one on one talks.

i would vote for european cities. london is fine with me.

i would love to see people running btc businesses or just success stories of people that also accept btc on their $ business. on youtube please so i can show those success stories to others.
2056  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 31, 2011, 10:29:40 AM
BetaBeat picks up on the indybay.org article about goldbarrick.

Quote
Bitcoin as a More Socially Responsible Alternative to Gold

Adrianne Jeffries
2011-08-30

http://www.betabeat.com/2011/08/30/bitcoin-as-a-more-socially-responsible-alternative-to-gold/

I think it's an interesting concept - but I imagine the 'green' credentials of Bitcoin aren't exactly strong given the current reliance on inefficient GPU mining.
Perhaps it's reasonable to argue Bitcoin is 'least worst' from a social responsibility standpoint, but I'd be a little hesitant to trumpet this line as a serious PR argument.

I guess if someone raises electricity consumption as an argument against bitcoin, this does make a good comparison and helps put the tradeoffs in perspective.

I doubt that there is much of a difference between mining gold and mining BTC in terms of "efficiency".
People will invest into mining BTC/gold close to the expected value of BTC/gold at time of sales. If prices go up, they will invest more.
In today's capitalism, there are ecological/social costs that the miner does not have to cover. Gold miners pollute rivers and destroy forests, BTC miners pollute air and also to a degree need resources for their equipment that destroy the environment free of charge.

Comparing efficiency of the transactions I'm sure BTC is very competitive as again people will not invest as much into the BTC backbone as people pay fees once the mining of new BTC is over. Gold transactions and storing gold costs much more.
2057  Bitcoin / Bitcoin Discussion / Re: $80 Android Phone Sells Like Hotcakes in Kenya on: August 28, 2011, 06:37:36 PM
concerning the cheap android phones: i read somewhere that patent license costs are expected to exceed 100$ per device in the near future. That was very frustrating news for me as else I see no reason why Android prices should not drop to 30$.
2058  Bitcoin / Bitcoin Discussion / Re: Hard Numbers On How Much Money a Merchant Would Save If They Used Bitcoins on: August 28, 2011, 06:29:07 PM
although on the long run the fees are the biggest selling point merchants maybe, for now with the high volatility and the little use of bitcoins for the merchant (he has to gox the BTC to $ and sepa them to his account) I would emphasise the extra turnover through bitcoin users. in every big city in the world, the first fast food restaurants to accept bitcoin with quality burgers will surely do some 200$ extra sales per month. same with hair dressers etc.
2059  Bitcoin / Bitcoin Discussion / Re: Value plummeting??! on: August 26, 2011, 03:26:52 PM
Grrr ...

+ Why is the price falling?
- Cause people are selling.
+ Why are people selling?
- Cause they think the bitcoin is worth less than it is traded at now.
+ Why don't they trust in bitcoin anymore?
- Cause they read the bad news.
+ What bad news?

If I wouldn't be in with more % of my personal belongings than I consider reasonable, I would buy now. What do the traders know what I don't know? I guess that's the OP's question.
2060  Bitcoin / Bitcoin Technical Support / Re: No bitcoin in Iran on: August 26, 2011, 12:18:45 AM
I'd rather be a political prisoner in Iran knowing my country can get me out sooner or later than disappear in some CIA prison in Pakistan for years without anybody knowing if I were still alive. Do you really believe USA to be the country of freedom?

Driving by the nuclear facilities in Natanz was a bit weird. I almost accidentally took a photo of one of those AA-guns that are all around it. My driver who himself worked at the facility for a short time got into trouble with an italien tourist who took pictures but all that had happened was that they spent 4h at the police and the guy never got back his camera.
Iranians are not allowed to host foreigners but I slept 15 nights at 5 different private places. Just better not stay at a single woman's house, but I also met hosts that hosted single women.
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