It's kind of ironic that the community doesn't trust Joe average to back up his wallet properly but has blind faith that Bitcoin related services will keep multiple back ups of their data. Honestly, backing up your wallet.dat is not that hard. Anyone can get three cd's and make three copies. There is no excuse. Being a business is harder because new addresses are created and you have to do it regularly but still, its nothing specially complicated. For being so technologically intelligent, I think what you said is completely idiotic. This kind of naivete only adds to peoples' reluctance to join Bitcoin. Yep, everyone knows how to back-up a hidden file and recover it without risk of losing their BTC in the event something goes wrong. Sure. Sure they do. Edit: I'll give you being a business is harder. So you think copying a file (wallet.dat) into a couple of cd's or usb drivers or whatever is something only people with a computer science degree can do? How hard is to copy a file in a couple of cd's? First of all, flash drives are very unreliable. I copied mine to a flash drive and the thing broke and I didn't even have to touch it. That's what happens when a USB has a poor soldering job. Second of all, ask my mom or dad how easy it is to do. Go ahead. I dare you. Then tell them that depending on your computer's settings the file might be hidden when you search for it. Then tell them how to uncover the file. Then tell them how to retrieve the coins in the event that the original wallet is lost. See how 'easy' it is for them to understand. And these are middle class citizens who have had a computer in their home for ~ 20 years -- the 'average' population. Contrary to what you think, many people don't even own computers let alone have a clue how to begin to navigate one. You just lost most of the 50+ generation if they were to read that. |
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It's kind of ironic that the community doesn't trust Joe average to back up his wallet properly but has blind faith that Bitcoin related services will keep multiple back ups of their data. Honestly, backing up your wallet.dat is not that hard. Anyone can get three cd's and make three copies. There is no excuse. Being a business is harder because new addresses are created and you have to do it regularly but still, its nothing specially complicated. For being so technologically intelligent, I think what you said is completely idiotic. This kind of naivete only adds to peoples' reluctance to join Bitcoin. Yep, everyone knows how to back-up a hidden file and recover it without risk of losing their BTC in the event something goes wrong. Sure. Sure they do. Edit: I'll give you being a business is harder. |
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Thanks! Apologies for the emails on top of two threads. Me crazy when me no have cigarette.
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Has this ever happened to anyone? Click on deposit. Enter amount of BTC to deposit (in my case, 3.5). Then, you go to your Bitcoin client and choose to send BTC to the address listed in Tradehill Dashboard. You do not enter 3.5 because your wallet contains ~ 3.72 BTC and you forget. Ever forget? Happened to me. Anyway, off went my 3.72 BTC. 25 confirmations later (at the time of this posting), my BTC seem to be nowhere, neither in my Bitcoin wallet nor appearing as credited in my Tradehill Dashboard. The transaction on the Dashboard still says "in process." Anyone know how this problem is handled? I emailed them already because apparently I'm very impatient when I don't know things. I hate not knowing things  |
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So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .
In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices . Say you set up such a system, and the price on that system goes to $18. As soon as there's nobody left whose willing to pay $18 for a bitcoin, and some guy on some other system starts offering them for $17, nobody would trade on that system. You can't sell something for more than it's worth unless you can keep a ready supply of suckers. If someone can setup that system...One buyer will know that if he buys a bitcoin now he will surely sell it off at a higher price since the next person must bid .1$ more . Mmmmmm super-deflation. With my 1 BTC, someday I can buy...THE WORLD!!! Mm...mua...mua ha ha...MUA HA HA HA HA |
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Immediate bump for having the box and foam. I checked online and even with something as recent as N64 games, the box alone can add significant value.
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Seriously guys...this is why I love you...and Bitcoin
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Ordered. I'll report back if the experience was worth it.  Please do. Even I want to open your envelope. I mean, it could be ANYthing. It could even be an envelope. |
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But I think there's a bitcoin fundamentals issue here, too: it doesn't take a genius to see that if Mt. Gox's total trading volume is 6000 bitcoins, and 7200 new coins are minted a day, miners have to hoard almost all of their bitcoins in order for bitcoins to not drop like a stone. How long will miners hoard before they want or need to start cashing out? Anyone that can afford mining rigs can probably afford to pay the electric bills for a few months without cashing out their mined coins, but will bitcoins see a significant increase in usage and demand before miners need to sell to cover the bills? That's the million dollar question, in my mind.
Exactly what I was thinking. At this point I think we may truly be witnessing the signs of how desperately Bitcoin infrastructure needs to grow. I just checked out www.bitmunchies.com and loved what I saw. The ability to buy everyday, household products and perishables is exactly what Bitcoin needs. Here's how I see it. I'm mining coins, making several $ USD a day. Why go to the store (gas is expensive + time considerations) when I can just take my mined BTC and do my errands online in a few minutes? I have no good reason to sell my bitcoins and also no good reason to buy more with the markets as they are. But I do have a good reason to buy household supplies and food. If this is the case, we don't need high exchange volume because of the high volume outside of the exchange. The problem to me is that it seems like there aren't enough competing merchant sites outside of the gambling and precious metals arenas. We need 100 bitmunchies.coms, 100 BTC-accepting clothing apparel sites, etc. BTC is supposed to be a more convenient method of exchange, and if I can buy the same things that I would with USD at the same price more conveniently, then my demand for BTC will certainly increase. This is ESPECIALLY true if I can purchase things with BTC at a discount (i.e. a slightly lower price than USD) since this would give me a reason to buy BTC at an exchange explicitly for product purchases. All this precious metals crap is great (seriously, who wouldn't want a 1 oz. troy silver Bitcoin to give you the warm fuzzies?), but it's NOT more convenient when I could buy silver cheaper without BTC. Less focus on novelty, more focus on what's practical! |
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Yes, this is just a silly pointless thing.
For 0.05 BTC I'll mail a mystery envelope anywhere in the US. Who knows what it will contain? An arby's coupon? An autographed picture of Abe Vigoda? A hundred dollar bill? Even I don't know! All I can guarantee is that it will not be empty, it will contain up to 1 oz of material, and it will fit in a standard #10 envelope.
As I said, it's a silly pointless thing, but it might be a good way to conduct your first BTC for real-world-goods deal if you don't have a lot of bitcoins.
Up to 1 oz. of material from silkroadmarket would be one hell of a deal. Sorry for being dense, but if you're mailing it, how the hell won't you know what's in it? And yet, I am amused... |
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Yeah dude...
On the other hand, it's kind of cool to see volumes at Mt. Gox and Tradehill so close at the moment. I want in at $13.2 on TH. I'll pump my useless $100 into the fun.
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Awesome awesome store. All we need is a hundred more sites just like this (not that I want competition to ruin you). This is what expanding Bitcoin infrastructure is all about.
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What's with the super-low volume? I mean, I get Dwolla deposits are down, but that shouldn't affect people with $ or BTC already in their accounts. Is this related to the reinstatement of Mt. Gox trading commissions? Current volume (according to Bitcoinwatch) at Mt. Gox is below 6,000 and at one point Tradehill's 24hr volume was below 500 earlier in the day. It wasn't even #2 in volume at that point. And yet, the price isn't fluctuating significantly. Is everyone bearish at the moment? I know I am (I'm passive by nature  ). |
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That, or we could just say all Bitcoins are worth $1,000,000 and save some time.
Good idea. I have one for sale if you're interested. [/quote Ok, but then you have to buy mine for $1,000,001. |
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Are you still mad that Gretzky went to LA?
I was going to ask if their polar bears are sick of being used as public transportation vehicles. |
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Hi Guyz,
I am new in this Bitcoin world. And doing mining with a HD 5870 .
The thing that I am trying to say is that ..A month ago around the last week of june , the price of a bitcoin was 18$ ( USD ) approx .
Now, currently it has fallen down to 13.95$ - 14$ approx
So, its constantly dropping. Plus from my situation I find that after giving the electricity bill I have very few buvks to spent around .
So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .
In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices .
I hope I have made my theory clear.
If there any questions feel free to reply here .
Sorry for my bad English ,
Thanks
abcduploader
That, or we could just say all Bitcoins are worth $1,000,000 and save some time. |
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