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Do you all feel that this really is any different from, say, Shopify "adding bitcoin" as an "option" for their thousands of customers? I don't want to be pessimistic, but all this adds is the option "for those who want to use Bitcoin". Its not like "Paypal is using Bitcoin" as part of its business model. Technically. Thoughts?
-B-
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And when you contacted LBC customer support, they said....  ? Ya. Should have been done before creating this thread. Probably wasn't. -B- |
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Hmm. Google images the island. Looks like there isn't much of any infrastructure, civilization, or much of anything going on there aside from a couple small villages.    Everyone looks sweaty, run down, and dirty.  Why did they pick this island? They must have skipped over 15 islands to get there.  All with a heck of a lot higher tech savvy citizens, and maybe even some infrastructure to support an economy. Is this a publicity stunt for Coinapault or actually something that will benefit Bitcoin in the long run? -B- |
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Usually there's a huge "spread" of buy to sell on these things, which has rendered the entire Bitcoin ATM ecosystem a complete useless joke. Maybe that's what happened. When he finally got in there, surprise, the markup was fucking $21 just to purchase. Greedy ATM owners have singlehandedly made this innovation pointless.  -B- |
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Yeah,absolutely bitcoin qt should itself possess a paper wallet printing feature,It would be best rather than using other services
Yet another feature that should have been put into the QT (core) client months ago, but the dev team hasn't bothered. Awesome progress. I also love that I have to write CMD commands into a command prompt in longhand after 3 menu navigation clicks that make zero sense, just to import a wallet. That's also awesome. Exactly how much time would it have taken them to make that about 500x easier? Yet there it sits, and I have to google the "step by step process" every time I need to do an import. Awesome progress, dev team. -B- |
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 Freakin awesome!!! Nuff said!!!! Next time bring some electrical tape to put over that camera recording everything you do.  -B- |
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i agree that bitcoin doesn't really bring anything of interest to the average person.. which is why i don't like the internet comparisons. the internet became so huge because it provided something unique that people actually wanted.
The thing of interest that bitcoin will have to the "average person" is the lower cost of using it verses other payment methods. You can send money to anyone in the world more or less instantly for what is essentially free. There is not any other way of doing this. True that remittances (what you refer to above) are Bitcoins strong suit. Yet shockingly, nobody is doing a damn thing to get the Bitcoin remittances market going. Aside from ( I suppose) Robocoin, which says it has a remittances tool on the way. Quite a few people are dissatisfied with the Robocoin kiosks, the insane "spread" from buy to sell being put on them by the greedy ATM owners, and of course the complete lack of privacy. This article however is most likely referencing consumer adoption locally for buying and selling. -B- |
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When people do these Bitcoin physical mockups, why do they always use some variation of the motto “In God We Trust” (e.g. “In Cryptocurrency We Trust”, “In Bitcoin We Trust”, “In Satoshi We Trust”, etc.)? Why don't people come up with something better? The motto is very specific to US currency, and as far as I know, the main ideology behind Bitcoin is to ditch fiat currency (which includes the US dollar). Also, the motto talks about faith in a deity, and I don't think we should blindly have faith in Bitcoin (we however, can trust it works by analyzing its source code).
On the other hand, there are other mottos I like, like “Vires in Numeris”, that had no reference to other currencies.
The only physical mockups of bitcoin that matter to me are the Casascius physical bitcoins. And those say "Vires en Numeris". All the others are significantly less valuable copycats. I guess I've always had slight disdain for people who come 2nd and 3rd doing the exact same thing as the first guy. So I give all props to guy # 1 -B- |
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Core developers like Hearn, Andresen, Garzik and Maxwell are sane voices whose words of realism drown in the noise spewed by the bulltards. Core developers actually seem to understand the inherent limitations of Bitcoin, and the fact that we're a very long way off (5+ years) from mainstream adoption, if it ever starts.
Nonsense.
Its hilarious to me that they think mainstream adoption is going to come first, and *THEN* they will add the necessary features to support it. Smh ....It is now that we need the features for the products 5 years from now. Only a developer would use the logic that we can put these enhancements off 5 years. That is suicide. Any idiot with an ounce of knowledge of product development, marketing, and business trends knows: You create it now. Always. You wait 5 years for mainstream adoption and there wont BE any mainstream adoption. Incorporate the changes now. Give the financial industry and innovators in the Bitcoin space what they need to start creating products for 5 years from now. Do nothing, and nothing will happen. Bitcoin will only go as far as it can go, and then it will stop. We have already established that consumers have zero incentive to use Bitcoin in its current form. So how exactly does Gavin think mainstream adoption will be coming? Developers should not be making product development decisions. Period. Andreas has always said Bitcoin is fine the way it is, but it is also the first "programmable money". Capable of evolving and addressing market needs. After 2 years in this space I have zeen zilch as far as that goes. -B- |
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It's going to be like that until we can give the public more of a good reason to at least give bitcoin a try. the more that can be done with it the better chance there is of it becoming more popular.
Agree. The public needs incentive. And taking the mentality of Peter Todd is unacceptable. ("The public doesn't need incentive, 90% are fine with Paypal and they can stay that way, Bitcoin will only be appealing to 10%") Paraphrase. Someone needs to take the reigns of the direction and priority list of BTC development, and someone needs to create the killer app that incentivizes the public to even give a shit about Bitcoin in the first place. -B- |
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still bitcoin is not yet accepted by mainstream and more work needs to be done for that
The problem is you've got people like Peter Todd taking that exact quote and calling it an abhorration to the Bitcoin mentality. He doesn't want mainstream. Thats the problem. Core developers don't want mainstream. He said he was perfectly happy if only 10% of the world ever used Bitcoin. And that the other 90% can keep using PayPal. ] This is why they are pushing off important enhancements like transaction times and micropayments and other things which would transform consumer adoption and innovation. They dont want it. And I will say it again: This is why developers should not be making product development decisions. I get that they want to stay true to Bitcoins principles. I do as well. But its a little scary when one of the main developers for Bitcoin says he doesn't give a shit if mainstream ever uses it. Simply put: Bitcoin development priorities should be decentralized. Everyone should have a voice. There should be a voting mechanism whereby the *community* decides what is top priority, and what goes into the protocol next. Obviously developers will have a say in whether its technologically feasible. But developers should not be making decisions on enhancements and the direction of the product. They have zero involvement "out in the field". They have no idea what the company in Africa doing SMS bitcoin needs. It could be something tiny, and harmless, and it will never get done because Peter Todd doesn't know about it, or doesn't agree with it. In my opinion this is the biggest hindrance to public acceptance. -B- |
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People will eventually stop being clueless morons and buy.
They're not being clueless morons. The consumer public literally has *no* reason to use Bitcoin right now. Zero incentive. Someone in the Bitcoin space needs to make the killer app. The service that incentivizes the public to participate. Until the public has incentive to use Bitcoin (outside of privacy), they will not begin buying. And the price is not going to go up until demand goes up. So the only people that need to stop being clueless morons, is us. Merchants adopt because they have incentive. We need to make something that will attract consumers. -B- |
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This forum is full of smart people with valuable things to say.
I think I'll stay on Reddit.
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My improvement:
With a typical company, you *never* have the developers making *product* decisions. There's a reason for that. They have absolutely zero clue what the *market* needs. With Bitcoin you've got a bunch of non product / sales / marketing people (also known as developers) making decisions on the direction of the software development.
This is a huge problem. These guys aren't economists. Yet they're creating a potential new world economy. These guys don't have the first clue what the market needs, aside from what they may have gleaned in conversations/articles/podcasts. And its exactly why developers like Gavin seem to think its just fine to "add that feature later, when we need it" (faster transaction times).
That's just one of many important enhancements that are on the "We'll get to it in 5 years" list. The developers have reflected an inability to grasp the fact that the financial industry is evaluating bitcoin and what it can (can't) do *right now*, for products they would like to build "later". If they see a limited protocol now, a huge opportunity is lost.
This is one of the pitfalls of a project that is decentralized, and has zero product plan guiding its direction. Product Development people shouldn't touch the code. And Developers shouldn't be playing the role of Product Development.
-B-
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satoshi asks gavin to present to CIA in early 2011, then disappears.. wouldnt surprise me if this were true.
I don't believe Satoshi ever requested that Gavin contact the CIA. Gavin informed Satoshi that the CIA had contacted him. After Gavin sent him that email, Satoshi no longer responded. The implication is that he chose that moment to bail from the project, out of concern for being identified. -B- |
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if something happens on the weekend .......your screwed on till Monday.
My screwed till monday? I dont understand. -B- |
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Bitcoin has fallen over $100 from just a few months ago. Over 1billion U.S.D has left the Bitcoin market. It looks like this may be the last we here of Bitcoin, as it fades into oblivion.
Smart people always spell real good. Pay attention to this man. -B- |
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