Oh, come on, don't be so negative. Kashmir Hill is a great asset to the bitcoin community and you should appreciate her great articles despite them being targeted at people outside this forum.
How do you like the way she's writing articles that promote coin tainting? Great asset to the Bitcoin community? She's a great asset to the people who want Bitcoin and it's value gone. Yeah, she could should have discussed fungibility instead of the first paragraphs' blabla. My opinion on wheather it is good to talk about taint or not you can read here: https://bitcointalk.org/index.php?topic=332887.msg3577554#msg3577554 |
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I like this discussion and the general concent of the community. It is important and it is important that it happens now.
People will do taint analysis. They always did. This awareness helps to get ideas like ZeroCoin and other anonymity features into the protocol.
I have much hope to see off-chain-transactions make transaction analysis way more inefficient but lets see what solutions we can come up with. Glad we agree there is a problem.
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The text on the site has changed again: We are planning to let another company take over Bitmit. Meanwhile we deactivated the site to let you withdraw your funds & complete your orders. The chances are good that Bitmit will be continued.
We are still taking serious offers! I guess the offers until now were just not in the ballpark they expect. Bitmit is a hot iron I wouldn't touch without completely decoupling or rewriting all code that touches the coins. How can you know this anonymous vendor didn't leave a backdoor somewhere? Sure, the brand and its user base is worth more than the numbers I read here, but one site going down is also a good point to see which other site will profit from it. It's one thing to change ownership while all is running smoothly (like they did before). It is a completely other thing and very stupid if you ask me, to totally disrupt the business, push the users to whatever calls itself competitor and only produce bad news for weeks of chaos. wtf? What a way to waste money? |
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Escrow is only an issue because the site would hold that money of many but with bitcoin that is not needed. With bitcoin the deal could be a 2/3 transaction with the seller defining an address under his control for each item. The buyer would broadcast an unsigned transaction that needs either the site's or his signature to complete and should contain an output for the site to pay for the escrow.
No need for these sites to hold any money apart from their fees and with such a system (which would probably need new client software to be developed) the need for more complicated registration should vanish as well.
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Well since BitMit is in the toilet, what now?
Try halfpricedigital.com You can buy/sell auction items for BTC using a coinbase account! Let me know what you think. You have 8 posts and it feels like they are all just spam to this one thread. Hey, listen, we got your message. Cut it out. |
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wtf. They had other people trying to buy it from them and didnt even bauther asking them....  Bitmit probably got bought out by ebay. That would explain the no-answer-policy.
Absolutely the most plausible explanation. Yeah, makes sense  |
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Thank you but that's not really my point. The thousands of users should not have to dig into these details if the developers of LB can just give them maybe exactly what you came up with. Give the users to tweak some parameters and if that's not enough, let them play but give them some protection against some too stupid price movements. Some "pause advertisement on wild swings" checkbox would maybe be the easiest to understand. |
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Hey! Bitcoinity! Very funny! Ok, so I usually have MtGox and Bitstamp on my first two tabs when suddenly I see this:  Too bad it was only a 502 server error  |
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Now that I started using wire trades, I ran into the problem that buyers are supposed to instantly get my bitcoins into escrow so using a simple formula doesn't cut it anymore if I want to protect myself against some wild swings. I studied math but still don't feel too comfortable using the powerful formula input not knowing what could possible go wrong, so I wonder how less savvy users are supposed to use this. I would suggest to come up with some rather tight wild swing protections. For my online sell I currently use: max(bitstampusd * 1.1, bitstampusd_high * 0.95 ) * USD_in_CLP It means: take the current most accurate estimate of a fair price (bitstampusd), apply my 10% fee and display it in Chilean Pesos. In case of a falling/crashing price, never show a price lower than 95% of 24h high (bitstampusd_high). I would feel much more comfortable if this was all wrapped in some form like this: rate to use: dropdown(average, mtgox, bitstamp, ...) fee in %: __5__ maximum price drop per day in %: __10__ maximum price drop per week in %: __20__ |
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That's actually a fairly good article. I think Kashmir Hill has become motivated to put some more thought into writing about Bitcoin, just a shame that it takes increasing acceptance and authoritative head nods for her to do so.
She takes the opportunity to point out the Bitcoin-centric view of the dollar's lack of inherent value, but disappointingly fails to provide the contrasting critical points of the Fed's view of other aspects. She also fails to provide the Bitliever view of why Bitcoin does have inherent value.
Where it comes to her analysis of the Fed's criticism of waiting 6 confirms for BTC transactions of large amounts, she accepts the Fed's reasoning as to why this is so, where she could have provided a better explanation herself. She does compare it favourably with legacy electronic payments though, so that's not so bad. She also repeats the typical misnomer that the only reason to use Bitcoin is to avoid regulations, taxes and the DEA. She knows herself from her own touted "Living a week on Bitcoin" article that this isn't the whole picture, and should know that that picture is steadily becoming broader. And of course, the Dark Web black market users do so out of ideological reasons, not to avoid the police or the DEA. Using the established routes of buying drugs is a better way to keep drug use private. Not a hint of a mention of Bitcoin's use as a price inflation hedge, which is after all the reason to speculate on future Bitcoin value in the first place.
B-
Oh, come on, don't be so negative. Kashmir Hill is a great asset to the bitcoin community and you should appreciate her great articles despite them being targeted at people outside this forum. |
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we have been here before. just auction bitmit on the front page of bitmit. the person who pays the most will be the person who believes he can get the most value out of it so it will then be relocated to its highest value application. this is how a market economy works. someone who believes they can pay $50,000 for bitmit and still make a profit is someone who has big plans, someone who has great ideas for how to take bitmit to great places. if that person is wrong than it will be sold again and again until someone buys it who isn't wrong.
please tosaki. do this right, it doesn't matter who runs it so long as the person who runs it proves that he believes that it is as valuable as we believe it is. please please please auction it off to the highest bidder.
to anyone else who is reading this, do what you can to communicate this message to tosaki.
I basically agree with you except for the part where bitmit holds more than the auction value in users' funds that the winner might just grab and run. As much as I always bitched Tosaki about his secretive change of ownership of both the site and the "tosaki" account here on the forum I must admit my worries were unfounded if bitmit comes to a good end now. I hope that skeptical persons like me were not a big contributing factor to stop work on this great project. I hope that some reputable player (coinbase, bitpay,
) publicly buys bitmit and not some shady "for obvious reasons we try to be anonymous" entity. |
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Velde ultimately gives Bitcoin a thumbs up: it represents a remarkable conceptual and technical achievement, which may well be used by existing financial institutions (which could issue their own bitcoins) or even by governments themselves.
Almost too positive  |
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Yeah, I kind of agree with the OP that this poll is less of an issue. At least for me it is. Also people might click bullish to manipulate others or they might click bearish cause they are paranoid, so I doubt anybody will get robbed at gun point just for saying a high percentage. If you are known to have a high net worth and people might rob you at gun point, you will have to take security measures anyway.
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If we were talking about penetration, the above would hold. But now we are talking about price, and very likely the price will overshoot before finding a long-term realistic value. This has happened before with Internet stocks - userbases have grown steadily but price has behaved erratically, first growing really quickly, overshooting, collapsing, and finding stability.
Why would the new world currency "find stability"? Either the powers that be decide to let bitcoin live and take over which will lead to infinite $/Ƀ or they destroy it which leads to 0$/Ƀ. I see little in between so I also disagree with the trend flattening out at some level. Bitcoin gains utility with every business that accepts it and as soon as I can use Bitcoin for everything, I will just close my bank account and say goodbye to fiat. Why would anybody stay with fiat if bitcoin gains ultimate trust with a large percentage of the global economy? After we surpass about 5% penetration i would suggest something along the lines of a Sigmoid Function http://en.wikipedia.org/wiki/Sigmoid_functionEdit With t=0 to correspond to a time in the future where one expects 50% market penetration. For t << 0 the sigmoid function approximates an exponential function No. Why would that happen? |
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I purchased an item and, like an idiot, used my CampBX account to pay for it. The seller cancelled the item and I have no idea where the 0.99428 BTC will be refunded, whether to my Bitmit account (I sure hope so) or to the address owned by CampBX. So far it's still just sitting in this wallet: https://blockchain.info/address/1559VdGeVxYNWePq77LR7GyvZ5pJbo3HoSI haven't seen any funds go back to the address that the coins came from, but they're also not in my Bitmit account. If it goes back to the CampBX wallet, I'll take it up with their support and maybe get the funds back sometime before my toddler is grown (CampBX support is extremely slow). Can anybody shed some light on what will most likely happen? Bitcoins will never flow from Bitmit to any wallet without a user hitting the withdraw button. If you buy without success or sell with success, you always end up with a balance in your wallet, so don't worry about bitmit sending your money to random addresses. This is not satoshi dice. |
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So whose wall are we tracking? All of them? Chartbuddy gonna post 4 graphs an hour? That would actually be great.....
I am considering what to do with ChartBuddy. I may just add three more dimensions to the chart.  I don't mind to have just several PNGs next to each other. On my screen, having one or having 5 horizontally wouldn't make a difference. Seeing 4 ignored posts rather than one per hour sure makes a difference. |
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 OK, france isnt that far from here, maybe i should visit U and we can Talk from Head to Head? or U can Use this adress here: 1CWiM14LYGiVYx8MTQy5s7oqFsyDWZQkGZ greets Robert Take your meds and PM Boussac your claim ID (as has been answered politely to polite people for the last thirty pages of this thread).
and not worked out for the last thirty pages. |
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Other question: What would you guys think about Neighborhood councils? I'm particularly interested for those in Chile and there the one I live at. My "junta de vecinos" has a sports room where there is a Teakwon-Do club for children, grannies meet for bingo and crochet and my land lord asked me many times to join her for yoga sessions (with only women, all at least 20 years older than me ) and there is many activities more. Anyway I know these juntas de vecinos are always short on money and there are quarters where I guess you could do a lot of good with $1000. I searched a lot for equivalents of "501" in Chile but couldn't find it. "Sin fines de lucro" means "not for profit". Maybe the fire fighters would qualify, too? I can check out those. They are quite visible, always asking for donations in the street but the fire fighters center is also quite open door. |
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kenija2012 is the top link because they were the first endowed with 100 BTC and not $1,000, of which equated to about $600 at the time. We were all excited to finally obtain the first site to accept our challenge (for lack of a better word). That site just happened to be short-lived, though the main site acts as a springboard yearly for other groups of doctors to go to Kenya offering up their free services as they finish up their studies at the university.
Hey, don't defend it here. We all know that now. Please put some link to such info on the page as clicking on the first participant and ending up at some "this url is for sale" is confusing and bad for B100's reputation. The "Send exactly 1.00 BTC" is in default mode, but when you fill in the box in the line just above it with say 0.2045, the text becomes "Send exactly 0.2045 BTC".
Ok now it updates. Yesterday it didn't update. They definitely have a bug there. |
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Allow me to shed some light all on these concerns. kenija2012 was part of a larger org. at the time, of which didn't embed a bitcoin donation option. watsi.org is located here: https://watsi.org/about#get-involvedAnti War is here http://antiwar.com/blog/2012/11/27/an-alternative-way-to-help-antiwar-com/ and has an active address: 1M87hiTAa49enJKVeT9gzLjYmJoYh9V98 hiphopchessfederation.org's button is only half there but does work, linking to BitPay. I will send them a kind letter to have them fix their HTML. "Khan Academy also accepts donations via Bitcoin. You need to log in or sign up before donating. That way we can send you a receipt (and something extra)!" This was brought up at the time during the vetting process to accept them/they accept us. The issue is somewhat mute, but overall they do provide a wonderful service, along with a lot of eyeballs view that site. Ok, let me quote B100: In order to use donated funds in a manner consistent with donor expectations, Bitcoin100 donates the Bitcoin equivalent of $1000 to non-political, secular charities that prominently display an option for supporters to contribute via Bitcoin on their website. Maybe especially the kenija2012-case should be shed some light on directly on the B100 website as it is not really good advertisement if I tell people to check out B100 as I guess the would check out how others qualified to receive the $1000. It's the top link  On Watsi: "prominently display"? Also: Coinbase still didn't get the "Send exactly 1.00 BTC" issue straight. WTH? We discussed that like a year ago? Seriously? Anti War: "prominently display"? So a blog post from over a year ago is "prominent display"? Ok, so a bitcoin enthusiast that wants to force-feed anti-war with his bitcoins will be able to, but that's not the point of B100, sorry. |
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