So gold can facilitate electron flow, if that counts as intrinsic value then something that can facilitate trade flow counts too, unless electrons are somehow more valuable than trade. no, not necessarily. do you know what intrinsic means? Of course not.
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Bitcoin doesn't have intrinsic value, but then, neither does USD (or gold, for that matter) gold is a good semiconductor, it does have intrinsic value. barter is inefficient because it requires double coincidence of wants. in your post I didn't see anything about the future and why bitcoins aren't a match. link the two better. So gold can facilitate electron flow, if that counts as intrinsic value then something that can facilitate trade flow counts too, unless electrons are somehow more valuable than trade.
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I doubt bitcoin will see the same success, since there is a barrier to entry to bitcoin. You need to spend money to get a spendable amount of bitcoin and utilize them, whether it be mining or direct purchasing. Unlike bitcoin, you can download torrents for many different trackers with no additional costs.
If you are drawing a parallel, the apples to apples case is that you must first have media to share via BitTorrent, just as you must first have money to share via Bitcoin. In either cast you must have the competence to use it. The bar may be higher for Bitcoin in this respect but it it not insurmountable. BitTorrent is now also much easier to use than when it was first introduced. Agree, the bar might be a little higher to get started, but instead of getting great content for free you get to be free, so that kind of compensates.
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Bitcoins: Too valuable to accept anything else as payment.
Seriously, it's merchants who decide what to accept as payment. I'd buy steaks with my dirty socks if I could.
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Once the deflation is built into the present price, it will no longer deflate.
that's like saying it is worth more than it is worth.
x7 Clearly I'm not an economist, but I don't buy your line. Your saying that theres a current price now, X, that will drive out all future inflationary pressures, including accounting for fiat inflation. This seems unlikely. And anyone who holds both BTC and USD knows this. Thuse, there is a hoarding presure. Sure there is a pressure, but it moves everyone to a point where a bit of extra coin is worth as much as a bit of extra dollar to them. If you are in a position where $15 is worth less to you than a coin, buy a coin. Then if $15 is still worth less to you than a coin, buy a coin. Keep going until you have so few dollars that dollars are just as precious to you as coins. Now you are ambivalent between spending dollars or coins. If you greatly prefer spending dollars to coins you are making a big mistake in your allocations.
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that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
that's like saying it is worth more than it is worth.
x7
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I've been thinking about a "comes with Bitcoin" model. People who already sell something could either toss in a trivial amount of coin or have a premium version that comes with a good chuck.
Examples: An etsy store that sells a stuffed Bitcoin Bug and comes with a bit dime. A cam girl who sends you 1BTC as the climax of the show.
Titles like the one on this thread hurt discussion. Some people don't open every thread and need to know what will be inside, that's what a title it for. You can still change it, try something like "Making coins easier to buy - brainstorming"
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Someone being able to spend the change is not sure proof of sending the original tx. What you read as change could be another payment made simultaneously using SendMany. You need to see the person use the IN address again.
None of that is needed just to show that the tx happened though, just look in block explorer.
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If you are not at the point of ambivalence about which of your currencies to spend them you need to buy more of the one you find too precious to spend. It makes no sense to claim that you value an extra bitcoin way more than the equivalent amount of dollars, but not trade the dollars for coins.
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Looks very nice.
btc.to looks really well done, but do you need their database for look ups? And the site has to be up to get assigned an address?
I humbly suggest looking at the firstbits rule. FirstBits.com is the only convenient place for look-ups right now, but the rule is simple and the only database is the blockchain.
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What do you think about namecoins? They are supposed to be like bitcoins, but also have a commodity use because they can be used to register .bit domain names (a p2p DNS). They too have a cap of at most 21 million in existance at the same time.
Funny thing. I actually use bitcoins to register domains, not namecoins.
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as proven by its history before june, bitcoins' price will drop off unless there is big influx of new committed users.
bitcoins is already all over the press - people who would hear of it would have already done so.
unless there is some big new development that proves bitcoins can have exciting new users, people will become inactive and its users will drop off.
in fact the slow drop has already started as we all now witness.
I think posts like this should have to come with a firm offer to sell (or buy) call options. Just get rich if you know the future.
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Anything involving bitcoins and facebook is a good idea. Can't beat 750 million active users.
active? got a source for that?
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I went with bold firstbits for the donate address on the website. A link seems good if the whole thing isn't there, but if the whole is present what's the point of the link? Not that I'll complain if you want to link.
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Attracting the common folk isn't what's needed. And yes, that is who reads the WSJ. Direct contact/networking to people who would be interested in bitcoin businesses is what is needed. If we get even more people trying to come in and buy coins with credit cards and paypal then we'll just have a lot of people who have bad experiences due to the rough client and such.
So, if we're going to market, market to high tech VCs and entrepreneurs. That is bitcoin's best bet IMO.
I work for a venture capital firm. That's essentially how I ended up here. The price and publicity surge in early June got our attention, but there are several reasons we've decided against any Bitcoin related projects (for the time being). The primary reason is that the Bitcoin market share is puny. The entire Bitcoin economy is worth less than $200M. To put that into perspective, Zynga -- one single gaming company -- grossed nearly $600M last year. Production and marketing of the movie the Green Lantern -- one single B movie -- was $400M. We won't be able to justify any major investment in this market until it gets much, much larger. Personally, I really want to see Bitcoin succeed. But before any of the serious money can move into this market, we need a whole lot more common folk with bitcoins ready to spend. But you work for a venture capital firm. Do you normal wait to invest in something until it is mature and huge? The highest returns are going to go to people who know that they will be building infrastructure and have capital to buy coins before they do it.
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Who stands to gain the most if the Fed and the US financial system are bypassed? Answer that and you'll have a good idea whom to get involved.
Humanity...
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Remember people, facebook now has 750 MILLION users and is used MORE than google. Also your friends, "liking" stuff will get more attention and action from them instead of just using an ad, which most people have learned to ignore.
We have to promote on facebook.
Promoting on FB is fine, but that number is misleading. My wife and I represent about 5 of those "users" and don't use FB at all anymore.
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I had a similar experience this weekend. I was talking to my brother about bitcoin, when my grandparents overheard us and asked about it. After a brief explanation they decided it was a scam, since nothing was backing it. I ask them what they think is backing our currency. Their response - gold...
Sheesh, do people think there is some office somewhere that hands out gold for dollars at $35/oz or something?
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Like I've said in your other threads - advertisement is not what the bitcoin community needs. We get plenty of publicity from newspapers, and we can barely handle that.
You have my attention. I'm very interested. What should we do? Build businesses? I agree w/ Garrett. Building services that make it easier to learn about and get started using Bitcoin is what's needed imo.
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Added the Firsbits address in my sig. Am I still on time for my 2 bitcents? You're in. I'll do another batch on Sunday.
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