As discussed on the 'New forum software' board: I've thought about that before, but I think that there might be legal problems with that. It might make the forum a "money transmitter".
AFAIK Theymos didn't specifically comment about using ChangeTip itself though (to avoid the money transmitter issue) It'd be nice to get a solid answer if there's any truth to the money transmitter theory. But yeah clearly a third party solution would not be effected An internal tipping system could lead to these issues (and others if funds are ever stolen or the forum is hacked etc), but there shouldn't be any issues with adding a third party like ChangeTip especially when YouTube & Reddit etc have them. I would like to see it added if it's not too much hassle or doesn't cause other problems. Am i missing something here? I'd think bitcointalk would be on the forefront of tipping integration on forums
I am sure that this would create a lot of scams.....similar to those that are on reddit. In case you were wondering how the scams work: -user A makes a "good" post/point -user B tips user A a lot of bitcoin for the good post (user A is user B's alt) -user B tips many of his other alts, appearing to be very generous -user C is compelled to tip user B (who is unrelated to user B)
This would also create massive amounts of spam with people asking to be tipped for their shitty posts and people begging others who have been generous in the past This is general debate against micro tipping. Yes that will yield some evils (e.g. more spam, beggers etc...) but i still think that its upside outweighs its downfalls. Micro tipping is one of BTC current practical use cases. If some bad players will try to abuse it is no reason to abandonment. I don't think begging spam would increase much but those posts will be deleted pretty quickly like regular begging requests and persistent beggars banned. I also agree the positives likely outweigh the negatives and would hopefully encourage and reward quality contributions and discussions. Ok i can see the liability issue with holding coins, but yeah seems that consensus is pro some sort of 3rd party solution |
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Assuming that the mining hardware is paid off and have no added overhead than we are at a point that many miners will decide as to the usefulness of continued operations. .
Thank you. So should we expect more bear market until the unprofitable miners are out and the leaner big players are all that remains? Then the next pump? Edit: growing walls on both sides on finex. NO. The supply will continue to be BTC3600 new coins generated daily, which will have to find its demand until halving in 2016. Regardless of hashrate and profitability of miners. |
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Huh  First you tell me i'm not suppose to ask for tips its just happens then assuming that i don't actively encourage it because i don't receive tips, then claiming i'm a Redditor? For the record i'm not. But you seem to have issues following a conversation  so go bug someone else ... I've missed the point eh? You're not supposed to ask for tips... it just kinda happens. ... If you think tipping is so great then why aren't you actively encouraging it yourself? If you want everyone to be able to be tipped, then you should start by making yourself tipable here. ... Reddits gay... I could count the number of fucks I care about Reddit on one hand (zero)  If I was a gambling man I'd put money saying the OP is a Redditor. |
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Am i missing something here? I'd think bitcointalk would be on the forefront of tipping integration on forums
You do know you can put your address in your Bitcointalk profile or in your signature. (I notice you don't have yours on either) I don't understand why retards need their hand held sending 16 cents to some other retard. I think the point is so people can publicly show their appreciation. Isn't that what a public block chain and posting a txid is for. People are pushing these services cause they are making these services to skim coins away from people who could do the same damn thing for near free. Rather than educating folks on how to actually use the shit... it's far more profitable to have a dipshit user base who gives it to you for nothing. It's just kinda funny the folks complain about no tip services don't even have a signature or a bitcoin address in their profile. "Why don't I get any tips?!  " Hmmmm I wonder... Well you seem to completely miss the point. And if the quote is in regards to me, i'm not asking for any tips, nor do i run ads in my signature as you've noticed. |
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Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.
That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment) Not if you bought your equipment which is a sunk cost. At which point you already down on your investment and just keep running as long as cost of electricity < mined BTC. |
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If btc forum can't integrate user friendly BTC tipping, you really expect other forums adopting it?
No one should... it's a total waste of time, resources and requires addition unneeded trust. Copy, paste and send like normal fucking humans! *pulls hair out* A lot of the Bitcoiners in the lime light sound like fucking Dogecoiners with this tipping shit. Because i think that tipping/micro transactions are actually one of BTC (err crypto currency) use cases that makes sense and where it has no competition. I think BTC forum could be a great proof of concept platform case. I think it's useless to argue how user friendly your solution is for wide adoption. |
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Am i missing something here? I'd think bitcointalk would be on the forefront of tipping integration on forums
I am sure that this would create a lot of scams.....similar to those that are on reddit. In case you were wondering how the scams work: -user A makes a "good" post/point -user B tips user A a lot of bitcoin for the good post (user A is user B's alt) -user B tips many of his other alts, appearing to be very generous -user C is compelled to tip user B (who is unrelated to user B)
This would also create massive amounts of spam with people asking to be tipped for their shitty posts and people begging others who have been generous in the past This is general debate against micro tipping. Yes that will yield some evils (e.g. more spam, beggers etc...) but i still think that its upside outweighs its downfalls. Micro tipping is one of BTC current practical use cases. If some bad players will try to abuse it is no reason to abandonment. I am not really looking for any kind of tip (so please do not interpret this as "begging"), however you are free to tip me on my BTC address that I have in my profile. (this statement was really made to prove a point) Granted this would not be an "off chain" tip that most tipping services use, however it would still get the job done (and it would be somewhat more expensive to spend the bitcoin you send me but it is after all a tip so that doesn't matter) Sure and i could also PM you and ask for your BTC address, internet existed before webbrowsers, and phones before iPhone, but ... I think the point here is a prove of concept and expose is to wide adoption (meaning being user friendly) as much as to encourage quality posts. If btc forum can't integrate user friendly BTC tipping, you really expect other forums adopting it? |
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Huh a quick glimpse shows all Chinese exchanges having bigger ask side than bid, and they're all trailing even behind btc-e  finally the dragon is exiting |
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Am i missing something here? I'd think bitcointalk would be on the forefront of tipping integration on forums
I am sure that this would create a lot of scams.....similar to those that are on reddit. In case you were wondering how the scams work: -user A makes a "good" post/point -user B tips user A a lot of bitcoin for the good post (user A is user B's alt) -user B tips many of his other alts, appearing to be very generous -user C is compelled to tip user B (who is unrelated to user B)
This would also create massive amounts of spam with people asking to be tipped for their shitty posts and people begging others who have been generous in the past This is general debate against micro tipping. Yes that will yield some evils (e.g. more spam, beggers etc...) but i still think that its upside outweighs its downfalls. Micro tipping is one of BTC current practical use cases. If some bad players will try to abuse it is no reason to abandonment. |
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As discussed on the 'New forum software' board: I've thought about that before, but I think that there might be legal problems with that. It might make the forum a "money transmitter".
AFAIK Theymos didn't specifically comment about using ChangeTip itself though (to avoid the money transmitter issue) It'd be nice to get a solid answer if there's any truth to the money transmitter theory. But yeah clearly a third party solution would not be effected |
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Even if someone were to make such a program it is unlikely that it would get integrated into the forum as (per what theymos said above) it could potentially turn the forum into a money transmitter. I would also assume that the bounty would likely be lowered if the "hold" were to be released as 300 BTC was worth a lot less when the post/thread was made then it is now. I also disagree that this would be a good idea as it would likely create huge amounts of spam and would potentially create new scams when people tip eachother in order to look generous so others will end up tipping them even more money. It would also make the forum an even bigger target for potential hackers Well you can do it in a non-spammy way, build an extension that adds a tip button and then the extension can display it as well. This would also remove the forum completely from being responsible. Also if you are building an extension you can do it completely in javascript, so if you want to make it a plugin it would be pretty easy as well as you can block it if you want no part. Also this could block you from being tip. I am talking about the spam that it would encourage people to post if a tip function were to be enabled. Anytime someone would tip someone for a good comment, many others would post in the thread with likely useless garbage with the hopes that the person who tipped will tip someone again Are you against micro tipping in general? If so i couldn't disagree more with you. Micro tipping is currently one of BTCs valid use cases. Yes tipping will lead to evils that come with it, begging, scams etc.., but that's not good enough of a deterrent. Regardless of the forum |
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Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...
Not those who shorted BTC over the past year. Bears love tanking prices. logs or it didn't happen.  Lol was my quote just truncated and made into troll food? It's still on the same page. I'm offended by such low quality trolling  Full quote with emphasis.
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case.
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Am i missing something here? I'd think bitcointalk would be on the forefront of tipping integration on forums
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Am I the only one to find it humorous that permabulls only think price matters on the way up?
Trader mentality. Microsoft doesn't care about BTC price, neither does immigrant sending money back to his/her country, or the people dealing on silkroad 99.0, nor the tippers (well to small degree). Non of them carry the currency risk. At what point the demand for these use cases will meet supply who knows, but it's hard to argue that there won't be any new use cases. Traders and miners are getting slaughtered though. I don't think seasoned traders are getting slaughtered to be honest. When there's blood on the streets, there's money to be made. The biggest risk is, in the event of a panic, getting your gains out and trusting the exchanges not to shut down with your dividends. Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case. |
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Am I the only one to find it humorous that permabulls only think price matters on the way up?
Trader mentality. Microsoft doesn't care about BTC price, neither does immigrant sending money back to his/her country, or the people dealing on silkroad 99.0, nor the tippers (well to small degree). Non of them carry the currency risk. At what point the demand for these use cases will meet supply who knows, but it's hard to argue that there won't be any new use cases. Traders and miners are getting slaughtered though. |
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time to test the theory that the price doesn't matter (It doesn't) but still. Hurts.
I'm more interested in the theory about how mining is dead... Doesn't look like. Hash rate is tied to $ It's hard to get good estimates but i believe that the consensus is that it becomes unprofitable right about this price point. |
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Cryto-currencies are not like fiat...if everyone just accepted that I think there would be a lot less pain.
If by "survival" you mean one neckbeard with two netbooks continuing to mine Bitcoin, I agree. If. OTOH, you mean "not making everyone holding for more than a day poor," that's sorta iffy... Let me spell this out: Survival = i can send any amount i want anywhere in the world and get 3 confirmation at around 30min for few cents Survival != $ X |
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Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
Independently of whether the Chinese exchanges are solvent or fake or whatever, I still believe that lots of coins (at least 500 000 BTC, perhaps a couple million) went from "Western" hand to Chinese hands last November. And I also believe that those coins have been coming back to the West since then (via arbitragers), as the Chinese are gradually losing interest in "bitcoin gambling". But the Chinese day-traders still have enough coins in the exchanges to set the price. And I believe that the price has been generally dropping since then (apart from the two mini-bubbles I mentioned earlier) because there aren't enough people in the West willing to buy those coins that the Chinese want to sell -- plus the 3600 coins that are mined each day, plus the unknow number of old cheap coins that early adopters may be cashing out. This chart shows that each day about 4 million bitcoin-days are destroyed, considering only coins that have not moved in the past year. That could man people moving 11'000 coins that were not moved for 1 year, or 5500 coins that were not moved by 2 years, etc. It is hard to interpret these numbers, because "coins moving" does not mean "coins changing hands". Even so, it seems quite possible that early adopters are cashing out 1000 BTC/day. In that case, the people who are starting or increasing their BTC holdings would have to give 270'000 US$/day to those early adopters, in addition to the 1 M US$/day they must give to the miners, in order to maintain the price. Selling BTC1k is not sustainable, you must have coins to sell coins, sooner or later that source will dry up. Supply of BTC3.6k/day will drop 50% in one year as intended. Both points suggest that bear market will end at certain time even if demand doesn't rise but stays constant, where these points will meet is the true question. Assuming demand doesn't drop. Meaning that there still has to be more buyers than sellers for price to rise. Well yeah think it's basic supply/demand problem. Supply is pretty much guaranteed to drop. So demand goes up=price up demand constant,=price up demand drops less than supply=price up demand drops more than supply=price down. Place your bets accordingly. I for one would love to see centralized miners go out of business and start closing farms. |
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Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
Independently of whether the Chinese exchanges are solvent or fake or whatever, I still believe that lots of coins (at least 500 000 BTC, perhaps a couple million) went from "Western" hand to Chinese hands last November. And I also believe that those coins have been coming back to the West since then (via arbitragers), as the Chinese are gradually losing interest in "bitcoin gambling". But the Chinese day-traders still have enough coins in the exchanges to set the price. And I believe that the price has been generally dropping since then (apart from the two mini-bubbles I mentioned earlier) because there aren't enough people in the West willing to buy those coins that the Chinese want to sell -- plus the 3600 coins that are mined each day, plus the unknow number of old cheap coins that early adopters may be cashing out. This chart shows that each day about 4 million bitcoin-days are destroyed, considering only coins that have not moved in the past year. That could man people moving 11'000 coins that were not moved for 1 year, or 5500 coins that were not moved by 2 years, etc. It is hard to interpret these numbers, because "coins moving" does not mean "coins changing hands". Even so, it seems quite possible that early adopters are cashing out 1000 BTC/day. In that case, the people who are starting or increasing their BTC holdings would have to give 270'000 US$/day to those early adopters, in addition to the 1 M US$/day they must give to the miners, in order to maintain the price. Selling BTC1k is not sustainable, you must have coins to sell coins, sooner or later that source will dry up. Supply of BTC3.6k/day will drop 50% in one year as intended. Both points suggest that bear market will end at certain time even if demand doesn't rise but stays constant, where these points will meet is the true question. |
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Hmm i've expected a much higher demand at these levels seems like no one wants to trade at these prices. Looks like China is dragging everyone down, over 2% spread between Hooboy and Finex. Well the good part is these low prices should fuck up the centralized miners who i'm guessing are behind these daily 2k dumps trying to stay afloat. Free market at it's best |
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