OP, it seems you're simply talking about opening an arcade/family fun center that merely utilizes Bitcoin as an internal storage medium. It's honestly more trouble than it's worth and it would be the least of your troubles imo. The more this thread goes on, the more it is starting to look like logansryche's theatre.
I'm really more focused on the laser-tag thing. I agree the arcade/family fun center seems to be more trouble than it's worth. I'm thinking more 16+, 18+, or 21+ crowd. Edit: To me, the two hooks are 1) a gambling laser-tag model that isn't legally seen as gambling and 2) the ability to use Bitcoins/winnings to purchase better shit than a stuffed animal.
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I thought arcade tokens by law could have no cash value. Does anyone know if that’s true?
Yes, as far as I know. And those tokens have a manufacturing cost. That was why I considered the Chuck 'E Cheese idea plausible. It seems that using Bitcoins instead of tokens could be more profitable in the long run because of the costs associated with tokens. The difference between money and Bitcoins is not as great. At least it might mitigate the cost of having to upgrade an entire venue to be Bitcoin interactive. I see. It might be safer though if you could only spend the BTC in house because you'd have a reasonable argument in court. Yep, I agree. That could potentially make room for a lot of extra profit if there was a rule such as, "All pre-loaded Bitcoin cards must be returned upon exiting the building. You agree to forfeit all unspent balances on the card upon exiting the building." Yep, that would be a perfect CYA and in fact you hope they DO leave with the cards. See my edit above. Flawless! Sarcasm, or do you really think that's a reasonable solution?
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I thought arcade tokens by law could have no cash value. Does anyone know if that’s true?
Yes, as far as I know. And those tokens have a manufacturing cost. That was why I considered the Chuck 'E Cheese idea plausible. It seems that using Bitcoins instead of tokens could be more profitable in the long run because of the costs associated with tokens. The difference between money and Bitcoins is not as great. At least it might mitigate the cost of having to upgrade an entire venue to be Bitcoin interactive. I see. It might be safer though if you could only spend the BTC in house because you'd have a reasonable argument in court. Yep, I agree. That could potentially make room for a lot of extra profit if there was a rule such as, "All pre-loaded Bitcoin cards must be returned upon exiting the building. You agree to forfeit all unspent balances on the card upon exiting the building." Yep, that would be a perfect CYA and in fact you hope they DO leave with the cards. See my edit above.
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I thought arcade tokens by law could have no cash value. Does anyone know if that’s true?
Yes, as far as I know. And those tokens have a manufacturing cost. That was why I considered the Chuck 'E Cheese idea plausible. It seems that using Bitcoins instead of tokens could be more profitable in the long run because of the costs associated with tokens. The difference between money and Bitcoins is not as great. At least it might mitigate the cost of having to upgrade an entire venue to be Bitcoin interactive. I see. It might be safer though if you could only spend the BTC in house because you'd have a reasonable argument in court. Yep, I agree. That could potentially make room for a lot of extra profit if there was a rule such as, "All pre-loaded Bitcoin cards must be returned upon exiting the building. You agree to forfeit all unspent balances on the card upon exiting the building." Edit: For a small fee, customers could create a permanent account at the building where they could have their BTC balances stored. If they ever want to come back, they can access their unspent BTCs. A rule for this might be "any account holdings that have been stored but unused for greater than a period of 6 months will be forfeited."
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I thought arcade tokens by law could have no cash value. Does anyone know if that’s true?
Oh come on. You know better than to say something like that without defining a country/state. Oh, I thought he was from Lombard, IL, USA because he mentioned Enchanted Castle? Oops, my bad. Yep, that's where I used to go But I don't live in Lombard.
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I thought arcade tokens by law could have no cash value. Does anyone know if that’s true?
Yes, as far as I know. And those tokens have a manufacturing cost. That was why I considered the Chuck 'E Cheese idea plausible. It seems that using Bitcoins instead of tokens could be more profitable in the long run because of the costs associated with tokens. The difference between money and Bitcoins is not as great. At least it might mitigate the cost of having to upgrade an entire venue to be Bitcoin interactive.
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You could even extend the idea a little to include the waiting room where your waiting for your game to come up. You allow patrons to play pinball or other arcade type games where the high score is a pool that pays out in BTC (they leave their card in the game while playing). Of course, the pool is only a fraction of the BTC the game actually brings in.
Lol. This is turning into a $300k endeavor and on its way to being a Bitcoin theme park. My idea begins at laser-tag and ends at Chuck E' Cheese. I already imagined the Six Flags idea, but I admit I have little interest in a Bitcoin rollercoaster. No offense, but now we're on our way to reinventing the wheel with this. That said, Coinopexpress.com would probably sell you all the devices and parts you need to do any arcade center and for good discounts. I have worked with them for a while on DoogiDoogi drum and Pump it Up machines. I really don't think people are going to pay money to go to a place just to pay more money to play games though, especially not just for the novelty of using an internet currency. Gotta be something more than that going on. Championship games maybe? Maybe like the movie "The Wizard"? Giant NES pads on giant projector screens, 10 minutes of Mario to see who gets the highest score and give them 100 BTC or something? I actually participated in the Suwon Olympiad Game Competition in Korea and placed in the drumming competition. I would have loved that to be a Bitcoin prize instead of the $2,500 cardboard check. None taken. I like the simplicity of the laser-tag idea more than a Chuck 'E Cheese, especially with the modifications necessary to turn all those games into BTC-accepting machines. And I was thinking that Bitcoin wouldn't be the promoting factor, it would simply be used as a token like any other token. There is this place nearby called Enchanted Castle where I used to have all my birthday parties as a kid. You needed tokens to play the games, and never once did I question "what's this token all about?" I just accepted it as part of the routine, and so did everyone else -- no tokens, no games. But with laser-tag, the tokens/Bitcoins would just be used at the arena to play laser tag, buy food/drinks, and purchase shit with your winnings. My 5-second model: 1) Customer walks in, hands $15 to employee at the door. 2) In exchange for the $15, they get a $15 pre-loaded Bitcoin card. 3) Bitcoin card can be used to play laser tag ($5 per game), buy food/drinks, or be used to purchase BTC products (like gold as I mentioned above) at an online kiosk. 4) When a customer wants to play a laser tag game, $5 is deducted from each card and goes into a game-winnings pool. 5) There are BTC payouts for ranking players (e.g. 1st, 2nd, and 3rd place). At the end of the game, BTC-winnings are distributed to each ranking player. The pay-per-shot idea could also work with a house-fee taken out before the game starts. 6) At the end of the game, ranking players spend their new BTC on more laser-tag games, buying food/drinks, or buying BTC products at the online kiosk. 7) Profit.
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You could even extend the idea a little to include the waiting room where your waiting for your game to come up. You allow patrons to play pinball or other arcade type games where the high score is a pool that pays out in BTC (they leave their card in the game while playing). Of course, the pool is only a fraction of the BTC the game actually brings in.
Lol. This is turning into a $300k endeavor and on its way to being a Bitcoin theme park. My idea begins at laser-tag and ends at Chuck E' Cheese. I already imagined the Six Flags idea, but I admit I have little interest in a Bitcoin rollercoaster.
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The more I think about this, the more I might actually want to make this a reality. I just called a buddy of mine to share the idea. He's not directly involved with Bitcoins and has never used them, but he's exceptionally bright and is currently working on his MBA and is always thinking of potential business ideas.
Hm...
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Within 6 months I'll be transitioning from grad school to making some nice $$$. Nice $$$ = investment $$$.
In my area, I could easily see this catching on. It seems that if BTC are legally defined as commodities rather than money, then it wouldn't have to be 'gambling.' But I can think of a ton of people that wouldn't mind throwing down $5 (turned into BTC) to play some laser tag with a chance of winning their money back and then some.
Then, you could have an online kiosk linked to pre-selected BTC businesses. Imagine someone on a laser-tag winning streak using their BTC winnings to purchase some Coinabul gold.
I like the idea of capitalizing on Bitcoins as "tokens" to help grow the BTC economy. Anybody want to start a Bitcoin airline to give frequent flyer Bitcoins?
But seriously, I think these kinds of Bitcoin-token models have serious potential.
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DAMN!!!
Now i have find 8! blocks and got 75BTC out.
That were 400BTC! I have lost 325BTC!
ARGH! I have to change to solomining ...
Interesting.
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Final score, 276-135, with Jamaican Hopscoth Mafia stomping The Mighty Morphin Flower Arrangers.
Lol. I think this deserves another PM.
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Hello crypto support Where are you gone? Where is my money?
They fixed my withdrawal issue today. Here is what they said in their email: We have reviewed your account and we found one issue with Trade. Your account is good to withdraw now. As far as the email and irritation concerns, we firmly believe that it is your right to write us ( sometimes that may be with harsh words ), as you have right to ask for explanation, support for any issues you are facing with the web site. Please feel free to contact us any time if you have any questions/concerns and we will be happy to help you. Sorry for inconvenience and we really appreciate your support and patience. Thanks, Mahin
The part about email and irritation concerns was in response to something I said to them, that I didn't want them to mistake me emailing them 3 days in a row for me being irritated. I think they're just working through a few bugs. After I withdrew my BTC, my BTC balance now shows -0.00050000 (a negative). I wrote them back about it and assume that their trade engine code is simply tacking on a .0005 BTC transaction fee. Either way, they had mentioned to me a week or so before this happened that they were implementing new things and updating the site, so I just think they're working out the kinks. Hope it works out for you
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Woot, you never know when the best great idea comes into bitcoin Did you send the Spanish Police a complaint about Bitcoinica on the toilet as well? nope, I left that one "float" around @OP how would you interface with bitcoin ? This? http://www.rifttag.com/rift-laser-tag-softwareThis is awesome. Edit: Actually, come to think of it, wouldn't places like laser-tag arenas and Chuck E' Cheeses be the perfect place for a Bitcoin business? Imagine if you walked into a Chuck E' Cheese-like venue and all the games required tokens to play (including laser tag). What kind of tokens? Bitcoins! This would be a perfect place for a Bitcoin card -- just swipe it at all the games to play and the game automatically subtracts the Bitcoins from the card. The kids can still win lousy tickets Business venture, anyone? Yep, I'm in. I'm going to approach Chuck E' Cheese with the idea tomorrow. I’ll tell them I want to use an unregulated currency that has inferred ties to the SR drug trade as money for children to play with at their arcades. I’ll also have them visit this forum to learn about the currency. LOL I mean I'd make my own.
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Woot, you never know when the best great idea comes into bitcoin Did you send the Spanish Police a complaint about Bitcoinica on the toilet as well? nope, I left that one "float" around @OP how would you interface with bitcoin ? This? http://www.rifttag.com/rift-laser-tag-softwareThis is awesome. Edit: Actually, come to think of it, wouldn't places like laser-tag arenas and Chuck E' Cheeses be the perfect place for a Bitcoin business? Imagine if you walked into a Chuck E' Cheese-like venue and all the games required tokens to play (including laser tag). What kind of tokens? Bitcoins! This would be a perfect place for a Bitcoin card -- just swipe it at all the games to play and the game automatically subtracts the Bitcoins from the card. The kids can still win lousy tickets Business venture, anyone?
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Two words: Bitcoin Lasertag. Imagine it. Whether playing as an individual or as part of a team, the whole premise is exactly the same as regular laser tag, but with much higher stakes. Shooting someone with your laser would initiate a Bitcoin transfer from the tagged to the tagger or the tagger's team (depending on whether it's a solo or team game). For example: .1 BTC for shots in the stomach or back .3 BTC for shots on the shoulders .5 BTC for a barrel shot How fucking cool would this be? Obviously there'd need to be some regulations to make sure people can't tag others before or after the game starts. But, I would totally own all of you TMI on where you developed the idea dude. I hope you wash your hands before you touch your gun. I would definitely be up for a game and I know I wouldn’t borrow your laptop to transfer coins. The thread title was meant to allude to the profundity of my idea. Edit: I backup my wallet on the john, too.
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I'm sure Bit-Pay could do something about this, like generating a random number of addresses for merchants that are randomly rotated for every purchase. This feature could be turned on and off at will.
So, for example, a company may sign up with Bit-Pay and receive 20 wallet addresses linking to their Bit-Pay account. At random, 1 out of these 20 addresses would be used for the first transaction after which another 1 out of 20 addresses would be selected randomly for the 2nd transaction. The merchant could choose to turn the randomness feature on and off at will so that someone who thinks they can simply look at one address and multiply it's received BTC by 20 to estimate the gross earnings would be making a mistake.
Another option would be for Bit-Pay to use a Bit-Pay-owned static address that indirectly funnels the money from the customer to the merchant. So, if a customer purchases something, the money would be sent to the Bit-Pay-owned address, and then the money would be send to the merchant.
Diagram: Customer -----> Bit-Pay -----> Company A, or B, or C, or D, or E, etc.
As far as going straight from a customer's wallet to a merchant's wallet, improved client options for addresses may be needed.
Why rotate? Addresses are negligible in cost. You could have a quadrillion merchants doing a quadrillion sales per second and not even reach 1% of available addresses before out sun dies. Because how annoying would it be for the merchant to individually move all those funds from each wallet? How many sales does Amazon make a day? How many transfers would that require?
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Two words: Bitcoin Lasertag. Imagine it. Whether playing as an individual or as part of a team, the whole premise is exactly the same as regular laser tag, but with much higher stakes. Shooting someone with your laser would initiate a Bitcoin transfer from the tagged to the tagger or the tagger's team (depending on whether it's a solo or team game). For example: .1 BTC for shots in the stomach or back .3 BTC for shots on the shoulders .5 BTC for a barrel shot How fucking cool would this be? Obviously there'd need to be some regulations to make sure people can't tag others before or after the game starts. But, I would totally own all of you
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And before you argue some random point about chaos theory or double slit experiment, this thread is about affecting the result of mining in a controlled way. It doesn't matter if your breath can affect the merkle root that you get, it only matters if it can make the merkle root have a higher probability of containing a valid nonce.
I created the thread, I'll post in it what I please. And yeah, I'll admit I only read the white paper once and I have limited-to-nil experience in computer programming. But, I don't think I need to be a computer programmer when I'm talking about some Universal syntax that distributes to all conditional events contained therein. That's what Universal laws do -- they distribute. Truth is only established through ratio (the root word of rationale), and so if I can understand how the law operates in one set of conditional events, I can begin to imagine how it would operate in others. While the thread of the title is meant to be specific to mining, it's really a thread about the relationship between mental and physical reality.
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Same thing had been happening to me. Yesterday I tried to withdraw 40 BTC and I was only able to withdraw about 39 of them. Beyond 39, it said "insufficient funds." Today, it gives me a new message trying to withdraw the remaining BTC, and it says simply, "Failed." I emailed them about it yesterday and they responded, saying: Very sorry about that we will sort this out, it must have been something in the latest update. Thank you for letting us know we will fix this ASAP. Thanks Again! Regards Ken Armitt General Manager Mobile: +61434552244 Phone Numbers: Australia: (02) 8005 1901 New Zealand: +6498890114 United States: +12024706044 United Kingdom: +442081235669 Hong Kong: +85281999960 Emailed them today about it and no response yet.
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