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So would BackBit indeed work as I envision it (as a real-time affiliate partner / multiple equity partner payment split)? If so, how close is BackBit to being deployable, and what would it require to deploy? I probably will have many more ?'s, as I see BackBit a truly innovative technology (assuming that I'm actually even understanding correctly).  Yep, you can take payment and instantly split BTC% as many ways as you want; each party then has BTC hit their wallet, they can hold BTC / cash out to fiat, or a mixture of both. RE: how close to being deployable, I'm going to actively start looking for support from big and small players in the coming week (open to suggestions!) It would need a 'handler' developing, that's pretty much the keystone to the project given that the rest works on the already existing BitCoin feature-set. My most immediate use for it would be in a similar manner as PayPal's adaptive payments layer, except with altcoins; particularly in regard to how 'equity partner' / affiliate partner payment splits work. Am I even thinking rightly, concerning BackBit?  You are yes, and it would indeed work with any altcoins as long as they're dividable in a similar way to BitCoin (which all are) multi coin payment is also quite easy to offer. Your questions are helpful and suggest I need to perhaps tidy up/refine the website  |
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Goodness me a reply! Apologies for the delay I thought everyone was apathetic towards my work and had stopped checking  BackBit is currently conceptual and all I have done so far is the framework for it and the business models, code wise it would be transparent to the client end so no 'app' as such would exist, BTC would be sent via users BTC wallet of choice, the code to process this would of course be at the back end (BackBit  ) Thanks for your kind words, I do believe potential wise it's massive and RE: your open source question, quite honestly I'm at a fork in the road of how to proceed! |
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Hmm, that went well  |
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edit -> now crowdfunding a bounty www.startjoin.com/backbitHey guys, I've been working on this on and off for a while now, maybe all of this isn't new (as they say there's "nothing new under the sun") Basically it's a digital delivery concept I've been working on including proposals to change the way that payment is processed for goods and services, hopefully leaving business and more people using and holding bitcoin. Anyway, TL;DR (as if that's long ) website below. http://backbit.co.uk/ |
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Crazy mega batshit mode engaged captain  |
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Eating away at a 5.849 wall now.
Please stop spamming the forum with your live ticker. Anyone can refresh and watch the latest here: http://bitcoin.clarkmoody.com/ Works ok. Nope, not working properly here. Besides, clarkmoody doesn't show any market depth, so I appreciate the updates he's giving. I'm semi-blind at the moment, which sucks for trading in the heat of the moment. Likewise! |
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It's down in EUR, fine in USA it seems.
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I can't even get to it in the UK  8 Feb 2012 11:20 - Melbourne, AU: Okay(0) ; 2571ms (45 minutes ago) 8 Feb 2012 11:19 - Copenhagen, DK: Timeout while connecting(1044) (46 minutes ago) 8 Feb 2012 11:19 - Dallas, US: Okay(0) ; 892ms (46 minutes ago) 8 Feb 2012 11:03 - Sydney, AU: Timeout during DNS lookup(8000) (1 hour, 3 minutes ago) 8 Feb 2012 11:03 - London, GB: Timeout while connecting(1044) (1 hour, 3 minutes ago) 8 Feb 2012 11:03 - Stockholm, SE: Timeout while connecting(1044) (1 hour, 3 minutes ago) 8 Feb 2012 10:40 - Zurich, CH: Timeout while connecting(1044) (1 hour, 25 minutes ago) 8 Feb 2012 09:59 - Manchester, GB: Timeout while connecting(1044) (2 hours, 6 minutes ago) 8 Feb 2012 09:58 - Amsterdam2, NL: Timeout while connecting(1044) (2 hours, 7 minutes ago) 8 Feb 2012 09:58 - Groningen, NL: Timeout while connecting(1044) (2 hours, 7 minutes ago) |
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its trousers for a good hard shafting  |
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It's someone buying on a unbelievable scale, that's what it is |
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This is an outrageous multibuy, 30k+ BTC so far |
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On mine at least it would appear someone is buying, well, everything really!
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All about the new money isn't it, will there be any? who knows, not even these cats I posted in another thread.  What are they afraid of? bulls? bears? some kind of bullbear hybrid? |
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A lot of resistance, but I hope you're right. |
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...my worry is nothing has changed, the resistance to 7 is going to again be exceptionally strong Worry? On December 19th, the rates were around 3.2 USD to the coin. That there's resistance now is a sign the market is showing at least some signs of sanity, that's not a bad thing. Remember, easy come, easy go. Yeah good call, I still have my 'reserve' stash of 50BTC, at least in this position I can sleep easily |
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Weird market at the moment, I got out pre-crash earlier but am happy to buy back in, but my worry is nothing has changed, the resistance to 7 is going to again be exceptionally strong |
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i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay
Am I missing something, hasn't bitcoin had a presence at CES all week? (edit, via MtGox and bitpay obviously) |
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 Caution over jump! Nice to see Mr0.0123 is back |
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