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if i remember rightly luke-jr made his own alt coin a few months ago, i think it was BBQ coin or something. it didnt catch on which is why i think that he now hates alt coins like litecoin because they have succeeded where he failed.
if an altcoin had no benefits or competition, there would be no reason for him to get so emotional about it. i dont get emotional of the threat that monopoly money will become mainstream. because they have no value or demand beyond the game, so i dont care about it.
luke Jr's hatred of litecoin just proves one thing, it has value and is a competitor. He is afraid of its success
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gavin andersen is not the financial regulator. he is the guy that helped develop the currency infrustructure kind of like the mint.
the US mint, is not the SEC
the UK mint is not the FSA
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ok i officially give lucif a seal of approval  now what?? shal we remind you of bitcoinica, bitcoinsavings and trust. they could all meet the security standards and pay a fee to get a seal.. but still end up where they ended up |
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the reason FIAt currencies kind of get along (ignoring the many wards between countries) is because they have their own clearly defined consumer base of users. separated by country borders but allowed to trade across those borders.
the problem with alternative crypto currencies is that we all belong to the same.. well, virtual country. all fighting for the same population base of 150k average users. there's no clear niche markets that separate the different currencies.
this is why i think bitcoin should remain in the non regulated, anonymous, illegal trade business predominantly, thus avoid any threat that it will ever become regulated.
and allow litecoin which has not got the same anonymity desires, to become a more regulated currency to go mainstream. basically make bitcoin the amsterdam currency for all its porn/drugs and fire arms. and litecoin the virtual equivelent to GBP/USD
bitcoin is fighting itself to go mainstream yet its main users dont want the mainstream regulations that come with it.. so why change its main purpose. allow other alt currencies like litecoin to do the main stream stuff.. and then traders can use the exchanges to dip in and out of the differing territories.
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lesson to be learned. dont invest in someone setting up a financial business.. if they cannot handle their own funds professionally to be in profit to self fund. then you should not trust them to invest in them or to use /trust them once the business is established.
if they havnt got $3000 to rub between their own fingers to start with, you shouldn't trust them with yours
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ok ill start off the thread with some idea's brought to my attention 1) great merchant to adopt bitcoin just-eat.com2) a place for merchants to get access to all the UPTO-DATE info and verified links to source material to get started 3) to list all the PR video's/ professional tutorials 4) opt-in-opt-out business directory which also updates and removes listing found to be scams. 5) no mention of silk road/propaganda - keep it professional and legitimate to gain bitcoin credibility 6) once established 'vet the business' offering them a seal of approval once deemed credible. 7) guide for local face to face trading etiquette any more great idea's? |
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in regards to the bitpay 2000 businesses. me and a few others have already been thinking along the lines of this. a website that has a directory of merchants and aids the adoption of new merchants without the troll chat that a forum normally brings with it. feel free to add idea's to what the website should include and how to handle the idea's https://bitcointalk.org/index.php?topic=133801.0 |
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a few people are collectively developing a website to organise the mainstreaming of crypto currencies for merchants.
the idea so far is this:
* a single place for everyone to submit idea's of real world merchants they want to see accepting crypto currency.
* the whole community voting on the best merchants to concentrate on first, and work down the list as things progress
* gather idea's for PR and other activities to successfully get merchants to adopt crypto currency.
* include activities like interested parties/ established customers of the merchant to email the merchant simple questions "do you accept bitcoin? will you consider accepting it in the future?" to spark the merchants interest, due to customer demand.
* use all gathered information for a respected representative to then have meetings with the merchant. (no person is a candidate yet but imagine established PSP guys like bitinstant or bitpay or other great PR guys to be doing the meetings)
other idea's is to get lists of the 2000 merchants bitpay already has, and other crypto currency accepting business listing all in one place.
to list any special offers these businesses have for crypto currency customers.
now for your input. please reply with other idea's of what you would like to have on this website that will aid the mainstreaming plans.
pre-empting some replys
why dont we just use this forum?
we want it to be a separate space for a more organised and structured way to gauge the communities idea's, thoughts and plans of main-streaming our beloved currencies, away from the other topics of scams, silkroad chatter and other things. there have been attempts to highlight potential businesses on these forums in the past, but the single voices get drowned out amongst the other members, with their thoughts and opinions who side line the topic (in other words trolls).
please do not reply, with negative thoughts. we want idea's please.
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the way i read it is the smelter guy thought he could get away with it because he THOUGHT getting the metla tested would cost more then half the metals value, so he thought they would never get tested.
but they did.
then he sent a coin to hush the customer up thinking that is it..
no..
the 4 'bricks' are marked as .99 but are not .99 which makes them valueless.. no one will buy them off of him.
i as an outside party feel that the guy that smelted the metals should accept the bricks and the coin back and give a full refund.
then remelt the bricks and stamp them with a more accurate purity value.
the simple matter of fact is
you promised the guy 4oz of silver of .99 purity and he ended up with 3.6Toz of impure quality..
10% less weight and an unknown amount of less quality = alot of difference
im glad i live in the UK as i have a law called distance selling act that i can use. it doesnt matter what payment method was made or whom to or even the product involved. they still have to allow a returns policy.
lesson to be learnt. if they dont have a returns policy, dont use them
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i think the 50 day thing refers to when the main payment processors have a released debit card system ....? allowing for easy btc/fiat conversion for merchants without having to grasp the complexities of cryptography
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lock this thread and close the topic as this coin is such a fail.
this coin will never be used on exchanges like mtgox or btc-e. and this is why
when depositing funds into the exchanges.. they hold them.
you continue your business trading the price fluctuations of the coin using a database of binary numbers that represent the deposited amount.
so while your profiting. the actual owner of the private key you deposited to (the exchange) is losing out due to the demurrage tax.
simply put. they wont touch it.
stick with the 2 longest surviving coins bitcoin and litecoin. or atleast invent something that has some actual use apart from making the first guy that owns the coin the richest and each subsequent person owning it receive less and less as they receive and hold it.
it also fails the demurrage thing by people just sending it to themselves on different addresses. too many loopholes. too many fails to be a viable candidate for mainstreaming
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davout. seriously. put your professional hat on and refrain from profanities.
you are no longer another armchair activist, or a personal investor.
you are now a financial services provider. you need to adjust your professionalism accordingly.
continue to post proof of your defence or statements of facts. but do so in a professional way. replying 'on the whim' without restraint need to be limited.
the other method, which inaba(BFL) has adopted is to create another username for official announcements where restaint and professionalism is mandatory.
the key point is:
you do not want mainstream media quoting the only customer contact of bitcoin central to be from someone shouting obscenities.
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davout seriously. now that you are no longer just a guy, but a financial business owner, you have to up your game in regards to professionalism.
everyone knows that we are all human and that in private we all scream and shout obscenities and joke around, but now you cannot just respond to a comment 'on a whim' you have to think about the wording of it as it can affect your business.
inaba (BFL) has half countered his loss of business credibility by informing the forums that he will use the BFL_josh name for official announcemets, but even then. his personality still reigns through.
so try to limit the petty bickering's to a minimal and ensure that each message you write on behalf of bitcoin central, has all the relevant points, that you would not need to retract, or explain meanings of in later posts.
if your business becomes a great success, you would not like the mainstream media google searching your posts to create negative propoganda
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i bet the 4 digit code will end up being
xmas or XM45
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a few hundred years ago many wooden boats with their chests of gold sunk to the bottom of the sea, too deep to ever get to the gold ever again.
more recently gold is being used to make objects and those objects end up in land-fills never to enter circulation again..
trying to get to that gold is not called helping the economy. its called treasure hunting and trying to get rich off of other peoples forgetfulness..
i DO NOT condone any activity where someone can sweep my address if i left the funds in there for a few decades. its mine.
(replace the word gold with btc in this next statement)
if you want gold then buy some at a shop/ goldsmiths. DONT try imposing a law that if gold is not recirculated within 20 years, then it can be taken off of you.
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i refer to:
if satoshi dice received a transaction from 1Ex4mpl34ddr3ssn0Tr34l4tall it can check the transaction history on blockchain.info to see if 1Exa4ml34ddr3ssn0Tr34l4tall has sent any other funds within the last 10 minutes and if all the funds of 1Exa4ml34ddr3ssn0Tr34l4tall has all had confirmations.
i ask this so that if i was to send my funds all over the place within a few minutes and then walked into a coffee shop that accepts BTC with no confirms. the transaction would be on hold till the confirms are completed due to high activity.
but if i done my funds transfers an hour ago, all the funds have confirms and then walked in to the same coffee shop and bought some coffee with BTC, the transaction would complete instantly, due to low activity on my address.
much like visa/mastercard fraud protection checks to see if a customer buying fuel in the customers home town whilst also using the card to do a transaction in another country within an unreasonable/impossible timeframe would then be flagged as a risk if that occurance happened, due to 'strange activity' on the account.
thus reducing the risks of a double spend. where basic terms/conditions of satoshi dice/coffee shop are that only transactions from an address with low activity will get accepted for instant use. where by addresses with alot of activity would have to wait for confirmations before the trade/sale/service is completed.
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i ask this as some businesses are trying to figure out a way around the 10 minute confirm times by atleast seeing the transaction history of the customer
i see on blockchain info that it does list transactions even without a confirmation. is there a way for EG satoshi dice to check the senders address for any other transactions that they have sent within the last 5 minutes before the satoshi dice received theirs and decline the payment for instant use if there was more then 1 unconfirmed transaction within 5 minutes prior to the transaction.
meaning that customers who only do transactions with atleast a 5 minute gap from a previous transaction elsewhere will get an acceptable instant use acceptance.
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if you promise to answer the question truthfully i need only 1 question to ask, to be able to guess the passphrase. i will not cheat as the answer will still require amount of guessing to be done to solve it. Q1: Removing one letter from the passphrase, what is left?  |
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i totally agree .. most charities are out to fill their pockets more than spending the cash on the end results they advertise. i personally do not donate cash to charity for this reason. i do however donate food to food banks, and animal feed/bedding to RSPCA's. you probably find out if digging deep enough into the facts that a goat only costs $20 and oxfam takes a $30 cut..(not a fact just an stab in the dark so dont quote me) that beign said some money is better then no money to some of the causes that are not in your town and oxfam is a darn sight better then someone paying $120 for the exact same goat by using heifer as the middle man. atleast with coinlabs $120 donations 2 goats will reach the needy people via oxfam as oppose to heifers one goat. so i hope coinlab change who they donate to. |
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