I would like to point out that our card is the ONLY card in the market that gets loaded INSTANTLY the moment you send your funds to our system, so you can withdraw at any ATM within minutes. This is possible because we have a master contract with the issuer, and do not simply resell cards.
I believe OkPay *might* be instant load as well since they are a registered financial institution so they probably have direct access to the MC network as well.
Roberto
Maybe your service does this, but here's what I'd like to see: - A debit card loaded with BTC. - When I swipe the card, the BTC is traded for USD, which is used to give the payment to the merchant. - I can keep my balance in BTC, but it is converted to USD automatically on an as-needed basis. So far, all I have seen is solutions that automatically convert the funds to USD as soon as they are received. Please tell me if yours is any different. These suggestions are definitely interesting! A debit card loaded with BTC.Right now, we only take vouchers as you pointed out, so no BTC. You have to sell your BTC at MtGox and/or Bitcoinica and then load to the card with a voucher. Loading straight from BTC should be possible very soon. When I swipe the card, the BTC is traded for USD, which is used to give the payment to the merchant.This wouldn't be doable, unless you are literally a bank. MasterCard/Visa allows different levels of integration to different levels of Licensure, if that makes sense. Think of it this way: Those debit card programs out there that load your card in 24 hours have access I. Our company has access II (Can transfer balances automatically to the card). Banks have access III (can do pretty much anything, receive charges in real time, can issue refunds, etc. Does not need a pre-funded account to "send balances" out to card holders with the issuer, because they are the actual issuer). I am a customer of a level III. Level I are customers of a level II. I can keep my balance in BTC, but it is converted to USD automatically on an as-needed basis.This is partially possible as follows: You would keep a BTC balance with us, and then "load" your card with the needed BTC as you see fit. No much use to this though since once we have direct BTC funding on our site, you will have the ability to load whenever you want. The reason why we didn't implemented direct BTC funding right now is because you will most probably always get less bang from your BTC than if you trade your BTC directly at an exchanger, and use a voucher to load. The explanation to this is because if we take your BTC and give you USD (of course, picture large scale with our customer base) we will have to immediately sell the BTC for your USD in order to hedge properly. If we have to do that, we need to quote you less than what the exchanger is wiling to give us in order to hedge short time price fluctuations which are very real in the bitcoin world, so there you have it. Once a mature market for futures and options emerge, we would probably able to hedge that way, and the fees should be less to load with BTC (in some cases, depending the options and futures our system is holding, it might be even cheaper than going through an exchanger). Let me know your thoughts! Roberto Good response, thanks. I suppose my point is, I am waiting for a bank to take on Bitcoin, and automatically exchange for USD as needed. If Bitcoin becomes big enough, it WILL happen, just a matter of time. |
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I think this is why firstbits could prove to be important in the future. Especially firstbits that mean something (i.e. 1mtgox). Think about it. Mtgox could generate all new addresses as starting with 1mtgox. Then no one would be confused as in the above situation - if they weren't sending to a 1mtgox address, then they would know they weren't sending to mtgox.
A single video card would likely be enough processing power to generate 1mtgox addresses 24/7 and not run out of them when people request new ones.
+1, but with a big disadvantage: huge blow to anonymity. All transactions going into MtGox will be publicly labeled for everyone to see. And investigators etc. would know to ask MtGox anytime a trail led to them. On the flip side, MtGox could do it on purpose to say "look, we're doing our best to make Bitcoin as transparent as possible", in an effort to be seen as more legitimate by regulators. In addition, since anyone can make a 1mtgox address, a trail leading to such an address could plausibly be denied with "look, just because it says 1mtgox, doesn't automatically mean it's us". Yeah, I think you hit it with the last point. Anyone could conceivably generate a 1mtgox, then filter coins in and out of it to completely obscure the true number of coins hitting mtgox. But it would certainly reduce anonymity, as you stated. If mtgox thought about doing something like that, I would expect it would be optional for whoever wanted to use it, and everyone else could continue using completely random addresses. I know for me, it would make it one step clearer that I was sending coins to mtgox and not someone else by mistake! I wouldn't mind the reduced anonymity, since I have nothing to hide from regulators or anyone else. |
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I would like to point out that our card is the ONLY card in the market that gets loaded INSTANTLY the moment you send your funds to our system, so you can withdraw at any ATM within minutes. This is possible because we have a master contract with the issuer, and do not simply resell cards.
I believe OkPay *might* be instant load as well since they are a registered financial institution so they probably have direct access to the MC network as well.
Roberto
Maybe your service does this, but here's what I'd like to see: - A debit card loaded with BTC. - When I swipe the card, the BTC is traded for USD, which is used to give the payment to the merchant. - I can keep my balance in BTC, but it is converted to USD automatically on an as-needed basis. So far, all I have seen is solutions that automatically convert the funds to USD as soon as they are received. Please tell me if yours is any different. |
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Why are they rating this chip in "bits" instead of "hertz"? Is it a chip solely for transmission/relay of data instead of calculations?
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Interesting findings, Phinnaeus.
When you say you read the archive of bitcoin.com, and it "lead you to" that book, how exactly did it lead you there? Did you google search whatever was on the archived page?
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I think the difference is in trust. A for-profit can only be trusted to do what is in the best interest of making money. A non-profit can be trusted to do whatever goals are stated in the beginning.
It's hard to imagine much of a practical benefit, but I suppose a for-profit might be more apt to accept bribes in order to point hashing power at a particular pool, etc. A non-profit wouldn't be so much focused on where it was mining so much as making sure that it was helping to keep things decentralized and fair. Maybe a non-profit wouldn't care about variance, so would be willing to solo-mine, whereas a for-profit wants to see a steady return on investment, so mines at a pool. Etc, etc.
I like the idea of donators having a say in how the entity votes on public issues, such as P2SH.
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That irreversible click of the mouse is scary. I don't think the general public will ever accept it.
Sam
the general public has no problems dealing in cash transactions. if its a reputible business, there will be a refund policy regardless if payment was made in bitcoin or USD. if the policy is that there will be no refunds, you'll know this going in, and will be able to make a risk reward evaluation for yourself. Cash is a bit different. If you intend to give cash to one person, it would be very hard to accidentally give it to another person if you did the transaction in person. Nevermind, they're pretty much the same, you're right. I think this is why firstbits could prove to be important in the future. Especially firstbits that mean something (i.e. 1mtgox). Think about it. Mtgox could generate all new addresses as starting with 1mtgox. Then no one would be confused as in the above situation - if they weren't sending to a 1mtgox address, then they would know they weren't sending to mtgox. A single video card would likely be enough processing power to generate 1mtgox addresses 24/7 and not run out of them when people request new ones. With enough processing power, they could even go the route of creating a special address with firstbits that end with the start of a user's username. So if my mtgox username was natural mine might be 1mtgoxnat. It'd be handy to have an easy-to-remember address that you know went to your own mtgox account without even having to log in. Actually, I guess that is already doable seeing as you can generate your own addresses and apply the private key to your mtgox account. Hmmm.... Downside is, it forces transparency on companies or customers that may not wish for it. Still, something to think about. |
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I'd like to attempt to add up those who sell/spend and those who hold, and get a general idea of how many BTC are entering the market each day.
So, add in your BTC and let's get this tally rolling! If you wish to remain anonymous to everyone but me, you can PM me with the details and I'll just post it in the thread for you.
Obviously, this shouldn't be taken as a serious or certain measure of what percentage of coins are sold vs held after mining, but it's worth seeing what the results come up as at least.
(copy/paste the below and modify it to add your details)
Me:
Total BTC generated/day: 1
Total BTC sold/day: 1
Total BTC held/day: 0
Everyone:
Total BTC generated/day: 7200
Total BTC sold/day: 1
Total BTC held/day: 0
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Was it wrong for the US to stop Hitler, and what he was doing?
I know, it's a bit of an apples to oranges comparison... the US didn't really get involved until it seemed as though there was a real threat to the country if Hitler kept being successful in his campaign.
Regardless, I think it is absolutely ethical and right for the US government to get involved and capture (I'd prefer head on a pole, but settle for capture) this killer. Hopefully, the 100 advisers will be enough to help complete the mission.
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Three reasons US healthcare is expensive:
1. People are allowed to sue doctors, hospitals, and drug companies for hundreds of millions of dollars. I mean, come on, does hundreds of millions really compensate a person better than a few million would? Either way, they're set for life.
2. Because the US takes a free and capitalist approach to the medical world, companies pour tens of billions of dollars into R&D for innovative new treatments and techniques. So, the US has the latest and greatest treatments, but it costs a lot to recover those R&D expenditures.
3. Because people are allowed to be treated without paying for it. Illegals included. Hospitals have to recover costs from people who don't pay somehow...
1. The fact that Texas clamped down on malpractice lawsuits several years ago and hasn't seen any drop in medical procedure costs (malpractice suits by number have fallen to a mere fraction of what they were and malpractice insurance premiums did drop like a stone), which continue to grow at well above the national average, suggests this is not a significant factor. 2. The fact that pharmaceutical R&D budgets are dwarfed by marketing budgets suggest this is not the cause either. 3. The fact that other countries follow the same "treat first, worry about money later" policy suggests this is also not the cause. Ok, fine.  |
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Awesome, just tested it with my own address and it works perfect. Thanks!
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He can write an HTML website from scratch in notepad! Amazing!
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also @ CoinAd my username is late443 just signed up looking for the free 500 views plz
Done  I used this site 24 hours ago and have yet to get any free coins..  Yesterday payments were sent now. You should consider allowing people to enter a firstbits address for payout. That way, there's no need to copy/paste an address into the site when you visit it - simply enter your memorized firstbits in. Would love to see more sites like this utilizing it!
I'm going to think about it.  Cool. If you do, you can always use the api from the website to calculate full addresses. Example: http://www.firstbits.com/api/?a=18tkn |
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You should consider allowing people to enter a firstbits address for payout. That way, there's no need to copy/paste an address into the site when you visit it - simply enter your memorized firstbits in. Would love to see more sites like this utilizing it!
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2.5BTC lost to Bitcoin-Android of a friend of mine... I sent to him and he lost due to software fail...
Following that rate, when all 21.000.000 will be lost?!
I mean, what is the actual "lost rate" of Bitcoins per day since its genesis?
Ok... 38510.26334734 + 2.5000000038512.76334734 Bitcoin's been going for what, 3 years now? But really only used heavily for 2. So you can assume around 19k lost coins per year, so far... Of course, there will never be "no more bitcoins". Losses are more likely to be expressed as a percentage of remaining coins, which would never reach 0. 19k out of 7M coins is about 0.27%. So a quarter of a percent of remaining coins per year. Who knows how that might change if Bitcoin becomes mainstream. On the one hand, more people touching coins = more lost coins. On the other hand, more people touching coins = more value per coin = fewer coins per person being touched. It might just even itself out. |
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Ah, excellent. Forgot to add the port on the end, that was my wrongdoing. Makes perfect sense now that I've got it added. |
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I'd say that's legitimate as lost coins. Not sure how you'd go about finding similar lost coins though. 38510.26110001 + 0.0022473338510.26334734 |
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I feel like a complete noob, but I can't seem to figure this out. I try setting up a worker, but when I click "add worker" after filling in a worker name, nothing happens. Ok, so I must need to set up a pool first. I try entering every combination I can think of for deepbit's URL, but the only thing that doesn't highlight in red is http://www.deepbit.net. However, when I click on "add pool" after adding the information there, it seems to try and load the deepbit page into that panel. Obviously, that is not the URL that GPUMax is looking for. Someone help? Suggestion to pirateat40 - add some sort of hints as to what is supposed to be filled in where! |
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Yeah, I know it's an old thread, but wanted to update it with the latest.
So, 2600+ confirmed coins lost by MtGox.
18910.26110001
+2600
21510.26110001
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