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No - you would have to wait until your client updates the blockchain before you see the transaction appear. It wouldn't take long if your computer was only off for a few hours - a matter of seconds, really.
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Regarding Think Geek - what if we did a massive email campaign? Each of us emails them our own written email (not a canned email like some petitions go), requesting that they accept Bitcoin, and also making a promise to spend at least $X equivalent of Bitcoins on their products if they do start accepting it?
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I keep thinking about CES and The Good Wife, and how they've brought publicity to Bitcoin, but what about the hundreds upon hundreds of news articles written about Bitcoin in the middle of last year? That brought us a rally to $30, but that was HUNDREDS of articles, not just a TV show and a conference. This is flawed thinking in my opinion. The attention Bitcoin got in May and June brought many of us here and we are still here. Bitcoin doesn't need the kind of boost it got last time to get to $30 and beyond because it already has a significant userbase and community around it. Also, the market is still so small that only one or two major players could change everything. This is why CES might prove quite significant in the long run. The effect we had from the Good Wife episode is unknown yet but what we do know is that google search for "bit coin" spiked massively and reached 6th place in google hot trends list. We have significant press all the time btw, just 3 weeks ago we had the news about Bitcoin's comeback. And these news won't stop, in fact it's very likely that we will be seeing plenty of press in 2012. And sometimes it's the small press that impresses people. As a long time poker pro (at least part-time) I've always thought that gambling is one of the most potential markets for Bitcoin. This very recent article basically mirrors my thinking and got me very excited: http://www.osga.com/artman/publish/article_9969.shtmlOne justification for the sell-off seems to be that "The Good Wife on that TV isn't going to do anything" which, honestly I thought was going to be true. I had pulled my investments earlier for that reason expecting a massive disappointment and way over-hyped speculation.
But then I saw the episode.
I didn't count exactly, but the word "bitcoin" was said something like 40 times. The show featured a full-on introduction video to what bitcoin is, all while portraying a bitcoin as something cool that forward-thinking young interracial couples know about.
In addition, the word bitcoin was spread far and wide into a show with a high-brow target audience. The word bitcoin graced the front page of the New York Times again last night. Many articles with the word "Bitcoin" directly in the title have spread to newspapers and reviews, Huffington Post TV, for example. Jim Cramer spoke the word "bitcoin" and said it was not a "currency." All of this happened because of the show.
Up until now, many people may have heard about bitcoin, but just last night and today, a "blanket promotional advertising campaign" hit. It was probably the first time many people who have heard the word before have been reinforced with the word bitcoin, and again, it was pounded into their head. Perfect advertising strategy. We could not have bought better product placement.
So to whomever is thinking that little TV thing was a flash in the pan, consider the depth of the exposure that was caused. It may look like a massive sell-off, and many people are looking to protect their money, but in the long term I think that's foolish. Bitcoin just received a massive public awareness push.
That being said. Yea, manipulators.
Good thoughts, thanks for sharing both of you! |
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I keep thinking about CES and The Good Wife, and how they've brought publicity to Bitcoin, but what about the hundreds upon hundreds of news articles written about Bitcoin in the middle of last year? That brought us a rally to $30, but that was HUNDREDS of articles, not just a TV show and a conference.
I'll still bullish, but mainly because I think some of the folks from CES will take this seriously, and maybe, just maybe, a large company will embrace Bitcoins. We'll see what the future holds...
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Probably because Facebook and whatever the equivalent of FactSwim is are trademarked, and can't be used without corporate authorization and all that BS. No one owns a trademark on "Bitcoin", and let's hope it stays that way!
Amen to that. I did wonder why they bothered to change the logo on the bitcoins for the spoof sommercial they had though. Likely just to avoid any 'potential' issues in case there ever were to be any? Which at this point, there are not. Because technically, the person who first posted that image can lay claim to copyright in court if they want, unless they specified an open license type. But without a license specified on release, and without anyone having applied for a copyright license, it can be argued that the first person to publish the image is the copyright holder. More than likely, they thought it would be easier to just make their own logo than to find any license/copyright information on the existing one. But IIRC, the current orange logo was released under an open license for anyone to use however they like. TV shows make quite a lucrative target for people to sue over, so they definitely take every precaution they can in protecting themselves from using IP they aren't entitled to use. |
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66% increase in downloads... Not a whole hill of beans, but a lot of those "normal" downloads are probably people redownloading the client who already know about it. The 66% increase is bound to be all people who have never touched Bitcoins before..!
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Thanks. It wasn't on there when I looked, but I got sleepy and went to bed instead of continuing to look for a place to watch. I'll check it out this evening though! It seems to have had the desired effect. From the article: Apparently, Bitcoin is actually a real thing, invented by someone with the possibly pseudonymous name of Satoshi Nakamoto. I was totally ignorant of this phenomenon until I googled it after the show, and the discovery makes me sympathize with Alicia when she tells Zach, “This stuff makes me feel so dated.” Executive producers Robert and Michelle King must have anticipated this response from their audience, because the episode does, in fact, play rather like “Bitcoin for Dummies.” http://latimesblogs.latimes.com/showtracker/2012/01/the-good-wife-recap-alicia-versus-the-internet.html"I wonder why the writers didn’t bother to come up with a fake name for “Bitcoin,” the way they’ve done with “FaceBranch”and “FactSwim” in the past." maybe one of the writers has 1000 bitcoins..... Probably because Facebook and whatever the equivalent of FactSwim is are trademarked, and can't be used without corporate authorization and all that BS. No one owns a trademark on "Bitcoin", and let's hope it stays that way! |
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Bitcoin Bulls...
I AM DISAPPOINT.
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I have turned from cautiously bullish to extremely bullish after seeing the bit-pay and google results after the show. Good stuff!
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I'm honestly shocked that that many people are searching Bitcoin after this. The funny part is, the first thing they see when they find this forum and start browsing it is all of us talking about the TV show.  |
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I missed it.  Anywhere to watch it online that doesn't involve breaking the law? |
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Don't worry, I just sold about half of my BTC. The market always increases by $0.20-$0.30 hours after I sell, so... expect a rally.
TRULY EPIC!!!!! Me too, every freaking time...  Your not alone brother Got cold feet and bought back in. I have no idea what I'm doing. |
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402 Mokimarket credits being sold for 0.5 BTC. Mokimarket is a penny auction website, if you didn't already know, and credits are worth $0.01 each, so this is $4.02 worth of credits being sold for $3.52. Or best offer, so, post or PM me your offer.  |
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Don't worry, I just sold about half of my BTC. The market always increases by $0.20-$0.30 hours after I sell, so... expect a rally.
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I see triangles... and they be ascendin'!
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One company around here (I forgot which one, because I've never used the process, only heard about it) allows you to deposit cash at a Chase bank, and they will immediately update your account balance with USD to spend. That might be a good option to look in to since you're running into roadblocks elsewhere. Cheers - but I am in UK... Ah, I must've missed that earlier... Afraid I am not familiar with options for those in the UK! |
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I'm not trolling at all.
I'm completely new to bitcoins, not adverse to a small gamble and also generally interested in the privacy aspect (and the fact that this it's not controlled by lizards) Also not keen on throwing money away however!
Before coming here I'd presumed that bitcoin exchanges were pretty secure legit companies able to operate on an open/honest basis.
I look into buying some coin though and find the company I am about to deposit money through (Intersango) have an intermediary company set up at a residential address that they want me to send funds to, and their bank has frozen their accounts. In fact they seem to need to change their banking arrangements every couple of months.
Then I read about another large exchange where people are unable to withdraw money from recently (TradeHill).
With a healthy degree of paranoia, I think then that it's maybe not a good idea to make a payment direct from my bank account, so I am not put on to some sort of watch list circulated at the next Bilderburg meet, so I look at alternatives, and see Paxum as a method. I create an account with them but their system seems a bit strange. Researching the company on google is not reassuring.
It all adds up to create a feeling that bitcoins are somehow not legit. Quite possibly not "bitcoins' fault", perhaps the bitcoin system is victim here.
What is the issue between banks and exchanges though? From a n00b perspective, this is something that seems to need resolving as a priority. OK I can understan why banks don't want BTC to take off but if it's a legit then how can they get away with messing around? The exchanges need to find a way to work with banks because if people cannot get money into and out of BTC from currently conventional forms then what's the future?
One company around here (I forgot which one, because I've never used the process, only heard about it) allows you to deposit cash at a Chase bank, and they will immediately update your account balance with USD to spend. That might be a good option to look in to since you're running into roadblocks elsewhere. Maybe someone else can chime in with the name of that company/exchange/service. Also, if you're suspicious or paranoid, that's fine. Just start with something small, like $10-$20, and run it through the whole process so you can see how it works, and then go from there. |
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If Bitcoin is to take off it needs to work to feel a bit more mainstream imo.
IMO no one cares about your opinion. Because that's a great attitude to have towards people new to Bitcoin who are asking questions.  |
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I came to this site expecting to learn how to buy bitcoins to invest in them, as a bit of a gamble. Maybe see if it's worth thinking about getting into mining at some point in the future.
In reality, the more I read the more of a risky business it seems.
The risk of value rising and falling is something I can accept - it's probably the reason I'm interested (that and general curiosity about something new).
The danger seems to be however in the possibility of never being able to exchange your money back from bitcoins to a real world currency (you know - one that you can buy food and pay bills with). Bitcoins are worth nothing if they cannot be exchanged or used to buy stuff. You can't really buy stuff and all the major exchanges seem to have had problems with banks, stopping people from getting their money back.
Paxum seems to be a possible solution to that, but this seems to be a company founded in the porn industry by someone who sold penis enlargement pills, with allegations of being connected to scams (epassporte) all over the internet. Their account verification process and the need to upload ID seem questionable. The fact this is the sole epayment company used by most of the bitcoin exchanges doesn't instill an air of legitimacy and confidence.
Why are their problems with Banks? Why not use CCBIll or paypal?
If Bitcoin is to take off it needs to work to feel a bit more mainstream imo.
I'm not familiar with what a CCBill is, but there were several companies that used to accept Paypal in exchange for Bitcoins (and vice-versa). Problem is, Paypal doesn't like Bitcoins, since it kind of threatens their business, so they freeze accounts and disallow transactions related to Bitcoins. They won't know about a transaction here or there, but a company whose business it is to exchange Bitcoins will be found out, and will have their funds frozen. No one wants that, so we just all agree that Paypal is evil and use other methods of withdrawal. Dwolla is like Paypal, but they don't freeze transactions like Paypal can, and have lower fees. I sell some of the coins I mine through MtGox, then withdraw through Dwolla, and have it in my bank account before the end of the week. It's a great method of exchanging BTC back into USD. Yes, Bitcoins do need some work to go mainstream. But, that's why we're all here. We're working to make it better, but we still have the "early adopter" advantage. If Bitcoins DO go big, the potential for growth is astounding. And if you're investing for the long haul, because you think Bitcoins are a game-changing tech, then you shouldn't have to worry about exchanging Bitcoins for other currencies. The more mainstream it gets, the more each Bitcoin will be worth, and the more ways you'll have to exchange that Bitcoin for other currencies. |
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