mark me down for $15,8000 precisely on december 31, 2004.
That would be very impressive. |
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Don't I know you from wordpress?
Probably not. I've got a Blogspot blog (linked in signature) though. |
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If you don't mind, I'm curious how you pitched it. I sell on LocalBitcoins so I am familiar with their system.
Opened this ticket on the 26th. Still waiting for a reply, but I kind of expect that due to the time of year. I propose that you add a new advertisement type: "local shopping."
Local shopping ads are offers to pay BTC for something purchased at a store instead of cash, for example: groceries.
Local shopping ads are specific to a geographical region, can only be claimed by a single buyer, and expire after a certain amount of time.
Buyers who willing to purchase BTC by shopping for someone else can register for notifications in a particular area/radius. Any time a shopping ad is posted in their radius they receive email and SMS notifications, giving them the opportunity to claim the ad.
Settlement is finalized at the time of delivery, in a manner similar to coupons. The seller needs to estimate the final cost and have enough btc to cover it in the wallet prior to creating the ad. The buyer texts the exact receipt amount to LocalBitcoins which locks up that many btc in escrow.
There are several advantages to creating this type of ad:
1) Finally we'll have something to respond with when people bring up that you can't live off of your Bitcoins.
2) Buyers who want to buy btc with credit cards and other forms of payment that are normally high risk will be able to do so without paying exorbitant markups.
3) This could significantly reduce legal risk for US users of LocalBitcoins. Buying and selling products and services for bitcoins is not money transmission according to FinCEN, and so should not expose casual traders to potentially severe legal penalties.
It's also possible to create a "online shopping" ads with similar functionality. |
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False. Wall Street will jump on anything that can be pumped, especially if a bunch of silly derivatives can be attached to the underlying asset. Get ready for a year of record breaking artificially high prices.  Just remember - Bitcoins aren't real unless you're holding them in your own wallet. I expect no end to Wall Street's bad behaviour, and I expect lots of people are going to get burned, but at least with Bitcoin it is possible to protect yourself. |
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and I can buy all my food with BTC Last week I opened a feature request support ticket with LocalBitcoins for exactly what they'd need to do to enable that. |
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FellowTraveler is working on it.
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Since we can not eliminate the bottleneck for now, we should seek to control the damage to productivity by isolating and freezing consensus relevant code base of the reference implementation. "Freezing" is the opposite of progress. |
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Does no one remember what happened when ISPs tried to stop Bittorrent? How well did that work out? How quickly did users adapt to the extra steps necessary to operate compared to how quickly the ISPs acted?
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Historically The $30 drop in 2011 up to reaching $30 in 2013 was the longest it took to reach the same price. Holding for 1 year should put you in good position. Someone correct me if I'm wrong. The historical probability of being up after holding for 365 days is 90%. The average 365 day return is 2370%. |
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Harsh but true tho:
The average monthly salary in South America does not buy a single Bitcoin.
The average monthly salary in Africa does not buy 1/4 Bitcoin (and this is being good because of SouthAfrica significantly increasing the buying power).
The average monthly salary in India does not buy 1/10 Bitcoin. This is why the key for bitcoin adoption there is to allow them to start their own online businesses that bypass the economic restrictions that would otherwise get in the way. This means virtual corporations, smart contracts, and similar features are most important outside the first world. |
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the more of us there are, the quicker bitcoin will move forward. Unfortunately this is not the case. Bitcoin can only move forward as quickly as the slowest implementation. This is even more true with the slowest implementation is the one use by virtually all the network. There is no path forward that does not involved either fixing the reference implementation, or convincing the network to abandon it en masse. |
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You write a transport protocol wrapper that makes Bitcoin traffic look like Xbox Live traffic, or something like that.
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These rumors their would be no links to back them up I am guessing?
Nope. That's why I called it a rumour. |
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Literally as soon as they got all the expensive state licensing they needed to be fully legal - their banking partners shut them down.
I've also heard rumours of a criminal investigation for them not following the March FinCEN guidance before it was issued.
Pretty much they are dead.
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Suppose such a defense existed and bitcoin was able to continue under majority-of-countries ISP ban. Who exactly would still be using it?
More people than you think. |
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