can it hit 50 cents by months end?
It is very possible, at this rate it could easily reach parity with the dollar by July. There is the very real danger that btc is becoming a bubble. I think a lot of people buying into btc are doing it only because they expect it to rise. Which will happen, but wont continue forever unless it is being used to trade goods and services. I think too little of bitcoin activity is around goods and services whike most is around exchanging. Although, many people here are Libertarian, and are buying bitcoin for the long term as it is a Libertarians dream curreny( there is of course gold and silver, but until you can send those in the email then btc is better for international trade), but I'm not sure by what amount. If I was going to launch a huge awesome killer app for bitcoin I'd buy up a bunch before announcing. There may be lots of hidden (to us) information driving the price. |
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confirmations is considered confirmations are considered All incorporated except this one. The sentence is wrong as it is, but the correction makes it seem like the confirmations themselves are safe somehow. What I mean to say is that once your transaction has six confirmations the transaction is safely embedded in the record. It seems I answered my question. I'll clean that up and put it in. |
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Haha, I particularly like the canceled 1.4 cent trade.
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I like how fast the throw happens. I'm curious about how it works. Do you count a fixed number of seconds from the time you see the transaction show up to avoid double spends? Could this number be displayed as a countdown? Or are you throwing as soon as you first see the tx?
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I say bring it on, I've already got some coins, and we know what happens to prices during prohibition  |
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confirming for over an hour fffffffffffffffuuuuuuuuuuuuuuuu
edit: it confirmed but the play button is gray...
edit2: refreshed all ok
Probiwon takes a bigger cut, but at least you get near instant gratification. |
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Revised bitcoin section:
Bitcoin is a more modern solution. Bitcoins are not dug out of the ground; they are found when computers solve a math problem that validates Bitcoin transactions and prevents double spending. Individuals can use their computer to help process transactions.
There are only two ways to get bitcoins: contribute resources to the network or provide goods or services that people with bitcoins want. There are no privileged users, and there's no backdoor access to free coins.
The number of new bitcoins issued in return for processing transactions decreases gradually to nothing over the next 120 years resulting in a fixed limit of 21 million bitcoins. At some point the low number of new coins alone will not be a sufficient incentive for participation in the processing network. Users will have the option to attach a fee to a transaction for faster processing. That fee goes to those working to process transactions.
Bitcoins are divisible. The Bitcoin software shows the familiar two digits for cents, but a bitcoin really has precision to the hundred millionths place. A Coke costs about 3 bitcoins now, but maybe in the future one will cost .003 bitcoins.
Sending and receiving bitcoins is easy. The Bitcoin software creates receiving addresses for you; you give an address to the payer and wait for them to send coins. Once you have coins, you can pay by copying and pasting the recipient's receiving address and entering the amount you want to pay.
Payments cannot be revoked.
Payments appear to the recipient immediately after they are made, but it takes 10 minutes on average for the network to confirm that the coins now belong to the recipient's address. Bitcoin's design confirms transactions repeatedly, six confirmations is considered absolutely safe; this takes about an hour.
You do not need to be online to receive coins; they will be waiting for you.
Payments can be anonymous, but aren't by default, just like cash could be anonymous if you were very careful.
Should I say anything about the wallet file and keeping it safe? Maybe I'll say that and suggest mybitcoin, so anyone bothered by that sees an immediate solution.
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Anyone can use their computer to help processes transactions. "Anyone" is singular, but "their" is plural. Replace "their" with "he", or replace "anyone" with "people" and make the sentence plural. Does "Individuals can use their computer to help processes transactions." sound okay? I don't want to pick a gender and I want to keep the idea that a single person can join no questions asked, no permissions. |
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Thanks, theymos. I've fixed the ones I haven't deleted completely.
This is the new non-bitcoin portion. There are new sentences so certainly new errors.
I'm unsure, in general, when to re-use a word and when to use a pronoun. Obviously if there can be any confusion I want the word again, but I don't want to be bland sounding.
Money is the lube that keeps our society turning. It has been used in primitive and modern societies; it emerges naturally out of barter economies to better facilitate exchanges of goods. It helps us keep track of who has done work and is entitled to have some done for them in return.
You can get money for doing anything that anyone finds valuable, from dish-washing to designing space-rockets. You'll know that you're helping someone since they wouldn't part with any of their limited cash otherwise. Each exchange keeps the value of a dollar afloat. If nobody were willing to exchange, then they'd be useless strips of paper.
There is a nice balance here: you do some work, some work is done for you. Thanks to the durability and mobility of money, these trades don't have to be with the same person or on the same day or even in the same year. By using money we can specialize in whatever we most love or excel. Using money enables us to work extra now and save our efforts for a vacation or retirement.
This could be the end of the story. But, unfortunately, our current money is easily-printed paper and easily-created computer bits. There are people who don't need to do work in order to get money; they just summon more into existence. This means they take from the pool of goods and services without putting goods and services back in. The effect is that more money chases fewer goods and services.
This is why you can't get a Coke for 5 cents anymore. It isn't because it's gotten harder to make a Coke, it hasn't. Every step in the process has been made more efficient many times over. The difference is that in 1950 the money supply was $135 billion and today it is roughly $13 trillion. That's about a hundred times larger. Efficiency gains are the reason Coke doesn't cost $5 per bottle. It's worth noting that in some areas, like computing, gains in efficiency come so fast that prices fall despite the rate at which new money is pumping in. Falling prices are not a problem for producers or consumers; rather they are are a good and natural result of innovation.
How can we keep our efficiency gains from being bled away by money-printers? It's a big problem, but there are solutions.
Gold has a long history as a money, and for good reason. Gold is limited in supply; getting new gold requires actually doing work digging it up, and eventually even that will no longer be possible. Gold is compact; you can probably put your lifetime wages in a backpack. It is easy to identify because it doesn't tarnish and it's denser than almost every other element (watch out for tungsten). Unfortunately, if you want to sell your hand knit coffee mug cozies for gold, your customer is going to have to break their gold coin into tiny pieces and mail one to you. You'll probably end up settling for dollars via PayPal and buying the gold yourself (if gold is what you want). While a system for trading in gold could be arranged, it's hard to get started on your own.
edit: forgot the gold paragraph, it hasn't changed much.
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I Recommend this: http://en.wikipedia.org/wiki/User:Tony1/How_to_improve_your_writingAlso: http://www.crockford.com/wrrrld/style.htmlhttp://en.wikipedia.org/wiki/Wikipedia:Writing_better_articlesWords like "to recap", "sometimes" are filler. When writing about an object, it's best to be specific rather than hand wavingly generalising. Money is useful. You've probably noticed some of the benefits. Don't want to plant trees, cut them down, and build your own furnature? Use money instead. Having trouble assembling that car from handmade parts in your garage? Money can solve this too. Money can help us take vacations or retire. Work now, save the money, relax later. Too much rhetorical questioning followed by money is this, money is that. Needs to be clearer. Of course you have to get some first. It takes some effort, but there are countless ways to do it, wash dishes, mow lawns, paint fences, train dogs, design jet engines, etc. You'll know that you're helping someone too since they wouldn't part with any of their limited cash if you weren't. Anything you offer to sell or do for dollars helps the dollar stay valuable. After all unless there are people who are willing to accept dollars for their goods and services they aren't that useful. "Of course you have to" is fluff. Stylistic change but I prefer attaching "takes effort" (some is again fluff) to the first sentence and placing the emphasis on But. "To get money takes effort. However there are innumerable methods to do so; washing dishes, painting fences, design jet engines, ..." I'd copy-edit those two paragraphs as: Money is the binding-glue than runs our modern technological science-based society. Developed as the middleman in barter economies facilitating exchange of goods.
Aquiring money takes effort. However innumerable ways exist, from dish-washing to designing space-rockets. The exchange is healthy; they see value enough to exchange their limited dollars for your items. Each exchange keeps the value of a dollar afloat. If no-one were willing to exchange, then they'd be useless strips of paper. Haven't got time to edit the rest, but read those 3 articles to learn how to write better. There's a lot of filler, unclear generationalisation, non-specific referencing (some X'es-- which X'es do you mean?) and meandering in that text which doesn't seem very professional nor easy to read. Wow, those links are good. There is so much in there! I need to learn and learn and come back in 10 years  I like your rewrites. I'm going to work off of them instead of what I had. I don't like the binding-glue. I think of money more as lube. But also as a signal and unit of account. "Money is useful" is far too generic, that's gone, but now I don't know how I want to open. |
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I would reference bitcoinme.com in your list of sites, it tends to be the easiest site for someone who is new to bitcoins to relate to.
Will do, Bitcoinme is a nice site. I'm thinking of rearranging the link paragraph at the end to be a list and a little more comprehensive. |
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It looks and works nice, but my luck is bad! Max bet and off the board! |
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Really minor stuff:
1) furnature = furniture
2) .003BTC = .003 BTC
I meant to get rid of the BTC use, since it was only in one place, but I see now I missed one. Should I use BTC or stick with bitcoin? |
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I really like the style. The intro is funny and ironic, as though you have to explain this thing called money and why you might want some. The reader is in on the joke, and this invites him in and makes him receptive. I wouldn't change the informal tone.
That's good to hear, I was thinking of redoing it, but I don't know how to do it that isn't overly dry or bullying sounding.
I can't judge the second part because I know Bitcoin too well. You need feedback from people who've never heard of it.
Yeah, it's hard to read it from the perspective of not knowing anything at all. |
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Thanks guys, I'm going to keep working on it using your suggestions. Keep 'em coming.
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Why all addresses in my addressbook start with '1' ?
All addresses start with 1, it gives them a bit of form, not just any clump of characters can be a bitcoin address. |
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I think people may start speculating about are you really giving 50% chance, so perhaps you could provide some sort of a proof of that on the website (like do the randomizing before someone puts some bitcoins on - just like Bitcoin darts?). Not that I doubt your honesty, I doubled four times in a row.  But I am sure some people will start complaining about it. Ha, validation would be nice. I won my first and not since. Martingale fail, at least I chickened out pretty early.  |
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Thank you, ribuck. That is all very helpful. I am going to incorporate every numbered suggestion. I want it to be good enough that people 'steal' it and put it everywhere Bitcoin is a more modern solution. Bitcoins are not dug out of the ground, they are found when computers solve a math problem that validates Bitcoin transactions and prevents double spending. Anyone can use their computer to help processes transactions.
There are only two ways to get bitcoins: contribute resources to the network or provide goods or services that people with bitcoins want. There are no privileged users, and there's no backdoor access to free coins.
The number of new bitcoins issued in return for processing transactions decreases gradually to nothing over the next 120 years resulting in a fixed limit of 21 million bitcoins. At some point the low number of new coins alone will not be a sufficient incentive for participation in the processing network. Users will have the option to attach a fee for faster processing. That fee will go to those working to process transactions.
Bitcoins are divisible. The Bitcoin software shows the familiar two digits for cents, but a bitcoin really has precision to the hundred millionths place. A Coke costs about 3 bitcoins now, maybe in the future it will cost .003BTC.
Sending and receiving bitcoins is easy. The Bitcoin software creates receiving addresses for you; you give an address to the payer and wait for them to send coins. Once you have coins, you can pay by copying and pasting the recipient's receiving address and entering the amount you want to pay.
Payments cannot be revoked.
Payments appear to the recipient immediately after they are made, but it takes 10 minutes on average for the network to confirm that the coins now belong to the recipient's address. You do not need to be online to receive coins, they will be waiting for you.
Payments can be anonymous, but aren't by default, just like cash could be anonymous if you were very careful.Okay, I changed quite a bit. I think it is more clear now, but it's hard to tell if that's only inside my head. Feedback very much appreciated. |
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I don't mean to swamp you. I hope it is helpful to have all this at once.
When I am logged in and type operationfabulous.com into my browser it takes me to the front page and I appear not to be logged in, but there is no "Log in" option. So I click "Start advertising with bitcoins" and now I am click "Register" and then I see that I am logged in, but I am still offered registration.
I think since it clearly still has me logged in, the home page should be told to greet me and give me a clear way into the page with all the options. If I want to register a new account it should let me, but log me out first.
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I found another bug.
When I clicked "delete ad" it did not delete the corresponding ad, but the other one.
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