It will disappear, notification might be implemented later.
Okay, it would be nice to know how much is really left in my balance if I were to cancel all my bids. Yes, many small bugs (the minimum bid warning, it's an rounding issue as things are stored as floats inherent to binary systems). I'm not a native English speaker. Thanks for the feedback.
You do well, but I could tell. I'm happy to help. I left transferring back out, because I thought people want to use it all to advertise (bid on other sites of they didn't win on one).
Surely most people will use it all. But what if my site closes? Or I desperately need the money back? If coins are going to be unrecoverable this needs to be very clear as most sites let you hold a balance that you can get back. Also, you should want people to keep large amounts on the site so they don't cut it too close and run out. But if I cannot recover the money I will put it on only as I need it even though it is a little more work. If I get busy I may forget and now the sites make a little less because they serve the next lower bid. The paying fee over a "match" would be more difficult to implement reliably. This would also drain income considerably, as it is limited only to the amount of sites and not the users of the site.
I might not understand, but why not just take the cut from the site doing the advertising as it is paid to them? Whenever the command "Pay Quezi 1BTC" is issued make it instead "Pay Quezi .95BTC". Ah, I don't mean take a one time fee. Still take a %, but only a % of money actually used for advertising. I think I was unclear before. |
|
|
|
I'm not necessarily talking about unwitting possession. Assume I publicly release and announce a program to decode the child porn from the block chain, such that everyone knows and can easily confirm that there's child porn in the block chain. There is no such thing as data that cannot be converted into some other data if I get to choose the algorithm.
Obviously if I publish the algorithm that does this there will be public outcry against Obama and google, since I got the picture from them.
Assume that the algorithm is something generic like "Find the transaction with this hash and handle its data as a JPEG image", such that a reasonable person can tell the child porn is stored in the block chain and not in the decoding program. Fair enough I suppose. It all comes down to how willing people are to hurt us when we haven't hurt anyone. Does it really matter if we did the non-offense they accuse us of or whether they make up that we did a real crime? Either way they make the rule, they level the charge, they arbitrate the dispute, they enforce the judgement. I'm not going to get violent with them, so it's pretty much completely in their court (haha, pun intended). |
|
|
|
|
I don't like being forced through mybitcoin when I'm going to pay myself anyhow. They make me do a captcha, at least it's an easy one, but still it's like 3 extra clicks. It's a good option, but I don't think it's hard to assign a deposit address to an account, that would take me 0 clicks on your page, well one for copy, but no link to follow.
|
|
|
|
The units are in btc/day.
Lets say you do a bid on a site for 2 btc/day, with a limit of 1btc.
This would mean that in 12 hours (assuming that you are the highest bidder and you actually pay the 2btc/day) you run through your limit and the bid will be deleted. If someone if bidding on the same page as well, but only 1btc/day , you only pay 1.1btc/per day (0.1 is the maximum value that is added, compared to the second highest bidder). In that case your ad will be placed longer, because it goes slower through your limit.
There is however one exception. Lets say you have multiple bids running and being displayed on sites, but the btc in your account is lower then the total of the limits in your bids, bids will be deleted when the funds of your account run dry, while the limit of your bids would not be reached yet.
The actual viewing is based on page loads. So the site loads, your ad is fetched and displayed and stays there until it is reloaded (if your bid is still active it is displayed again, else the one of a new bid is displayed). In your example, the views would be 100, 10 and 1. You would like the 100 more than the 10 or 1, so later, when the stats are implemented, look for the highest views.
Depending on the linking to your site, this depends if the viewer is using javacript or the non-javascript way.
Javascript: ad always links to your site
Non-javascript: if someone clicks your ad, while an other bid got active it will go to the site of the current highest bidder. Not nice, but there is no way to get the url to the viewer if he isn't using javascript. But you don't pay for that anyway.
However from what I see now is that most people use the javascript interface.
Oh that's much better and different than what I thought! I thought it was Joe sees it for 3 minutes + Jim for 4 + Tony 2 + 1 + 2+3+2+4+174 = done I get it now, you are renting the whole thing regardless of hits the site gets. It is not really good for anyone for the ad to send to the wrong place after expiry, but I do see the problem. This is really exciting and a great thing for bitcoin and bitcoin sites. |
|
|
|
|
It works, I have an ad on Quezi. Will it tell me as my time is used up? Or disappear all at once?
|
|
|
|
|
"This website requires a minimum bid of 0.10000000149012"
I guess that should be 0.1? But why that limit? 4 cents an hour for views that might be sitting minimized seems high to me.
The 5% fee is very reasonable, but I think it would be better to charge only if a match is made between a site and an advertiser. Also I don't see how to get my remaining money back if I've changed my mind or can't win a bid.
Small things. "Unsufficient funds" should be "Insufficient funds". Also "size of bid" or "amount of bid" is more appropriate than "height of bid"
|
|
|
|
|
BioMike, what are the units of a bid? BTC/hr viewed?
When does viewing time stop counting? I don't want to pay if someone leaves it up all night. I would think a low maximum counting view time per person would be reasonable. Obviously 100 people seeing it for 5 minutes each is way better than 10 people seeing it for an hour each or one person leaving it up for 24 hours. Do you have some way of verifying that the ad is visible on the screen? Sometimes I open a page in a new tab and never see it because my browser crashes or I go to bed before I get around to it (I realize that I probably browse oddly). But that ad that I never see could get 12 hours of credit or more.
Anyway, even if all of that is done 'improperly' I can still bid like .0001BTC/hr right? And if I get enough traffic from it I don't care if I'm paying for a few overnighters.
|
|
|
|
... try to buy that many BTC on open market and price will rise way over 0.5$
Barely over .50 actually. There are 20k BTC at .51 on mtgox atm. On the other hand if there is a lull you could pick up extra blocks at lower difficulty with this service. Not that I think that's likely. Another perk is that you will probably get a few fees, more if things really start popping. correct, though imagine for a second that you are not only one market participant buying  anyway my prices are based not so much on current price of BTC but on cost of running the service. Sure, even if you try to get it in one shot I imagine some buys might be triggered automatically or something. Of course there could be a lot of dark pool offers in there too. And of course you can do it on multiple markets. No certainties for sure. |
|
|
|
nice service, and i wish you best of luck with it.
but for your information:
190*12+1600 gbp = 3880 gbp = 6176 usd
at 6176 usd, at a price of .4 usd, you can get 15440 btc
at 1 ghps, with current difficulty, avg time per block is about 1 day. so you can generate 365 blocks per year with this, or 365*50 = 18250 btc
however, difficulty will almost certainly go up from where it is now. in fact, at the next estimated difficulty of 22037.22945411, your expected yearly generation at 1ghps is already down to 16590 btc or so.
so, it seems a better deal, if you have the 3880 gbp to spend on this, to just buy bitcoins on the marketplace at current market price.
Thank You. Though, your calculations are off by more than 10%. Moreover, try to buy that many BTC on open market and price will rise way over 0.5$ Barely over .50 actually. There are 20k BTC at .51 on mtgox atm. On the other hand if there is a lull you could pick up extra blocks at lower difficulty with this service. Not that I think that's likely. Another perk is that you will probably get a few fees, more if things really start popping. |
|
|
|
|
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.
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.
To recap: Do some work someone else finds useful, get money, use money to get other people to do useful things for you. There's a nice balance, you do some work, some work is done for you, and thanks to money, it doesn't have to be with the same person or on the same day or even in the same year.
This could be the end of the story. But, unfortunately, our 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 $135B and today it is roughly $13T, 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, 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 that tenth ounce Krugerrand into nine 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.
Bitcoin is a more modern solution. Bitcoins are not dug out of the ground, they are found by computers solving a math problem who's solution validates transactions and prevents double spending.
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, no backdoor access to free coins.
The reward for solving a problem decreases gradually to nothing over the next 120 years resulting in a hard limit of 21 million bitcoins. When new coins are not a sufficient incentive users will have the option to attach a fee to transactions which will go to whoever solves the problem containing that transaction.
Bitcoins are divisible. The Bitcoin software shows the familiar two digits for cents, but a coin 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 payment addresses for you; you give one 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 address and entering the amount you want to pay.
Payments cannot be revoked.
Payments appear immediately, but will not be confirmed until someone includes them in a valid solution. This takes 10 minutes on average. 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 wore a mask.
The main drawback is that Bitcoin is not yet widely accepted. This is changing quickly because it's simple to start accepting payment with Bitcoin. You can see a list of exchangers and merchants at bitcoin.org/trade. You can download the Bitcoin software at bitcoin.org, or if you want someone else to manage your coins I recommend mybitcoin.com. You can learn more at the Bitcoin forums, bitcoin.org/smf or the wiki at en.bitcoin.it.
I've tried to keep it non-technical, but I didn't want to claim magic either. I want to make sure I didn't say or imply anything untrue. Suggestions on making it more persuasive or more accurate would be greatly appreciated. I'm trying to get a good explanation of what the problem Bitcoin solves is and why Bitcoin is the solution.
Tell me about any grammar, punctuation, and spelling errors you see too.
|
|
|
|
There is no reason to publish his email verbatim if he doesn't want you to, it is simple enough to paraphrase, I'll do it for you: I like the EFF
The odds are against bitcoin because governments want to tax and track. This is right for them to want because of crime and fraud.
Lack of liquidity will ruin bitcoin anyway. There are not large enough markets and volumes.
I wanted to do a similar thing in Denmark, banks said it was possible techwise but impossible because of something called para-technology, I believed them.
Don't publish my comments.
Really, this is for your eyes only. |
|
|
|
|
The EMH is only anywhere near correct when all possible valuers know about and have access to the a free market.
If I invent a lighter than balsa wood stronger than titanium alloy in my basement and sell some to my neighbor for $1/oz it isn't right to say that that is it's value. I don't know how long it will take to get the word out about this material, probably not as long as explaining and spreading bitcoin though. As someone mentioned, "tends towards" is a lot more accurate.
|
|
|
|
What if I make a program that takes this data:  And decodes it into child porn? Does owning this picture send us all to FPMITAP? There is no such thing as data that cannot be converted into some other data if I get to choose the algorithm. Obviously if I publish the algorithm that does this there will be public outcry against Obama and google, since I got the picture from them. |
|
|
|
money = freedom
debt = slavery
as simple as that.
Weird, they taught me in school: money = debt freedom = slavery  Taught in school, ha... , you went to a wrong school my friend. It's called indocrination, isn't it. We live in strange alogical world where money = debt (they say in school), which cannot be true, or better yet, this is not true money which are debt it is inflationary fiat thing they call money which is debt. It is truly Orwellian trick calling debt - money, just like 'net neutrality' which is actually exact opposite of it's name and 'copyright' which is actually 'luck of right to copy' or 'patriot act' which is actually 'suppression of civil liberties act', the list goes on... Do not trust the names, trust your critical thinking! On the other hand, when we understand that true money like sea shells, gold, bitcoins, commodities are not debt (liability) but asset (money), my equation suddenly becomes true, indeed: true non-inflationary money = freedom debt = slavery and than consequently: mortgage = slavery for life ,which nicely coincides with original meaning of French word mortgage, meaning "debt until death" I absolutely agree with you and not my so-called teachers. |
|
|
|
Big assumption here: "assuming that freedom of speech includes the ability for anyone to send any packet to anyone else on the internet....".
I think he means from here onwards, not in the past. And I think I agree. |
|
|
|
money = freedom
debt = slavery
as simple as that.
Weird, they taught me in school: money = debt freedom = slavery |
|
|
|
|
I don't mean "convincing people isn't my job" I mean "if I could answer all these questions then we shouldn't have anarchy we should have a dictatorship, run by me".
No one knows the best solutions to all problems. Likely no one knows the best solution to any one complex problem. In fact any problem as complicated as "How should people keep their houses lit at night?" has hundreds of solutions none of which are best for everyone.
I'm talking about a new (not new really, we do solve lots of things peacefully) way to find solutions, not about the solutions themselves. The solutions are work for everyone and anyone to do, I have no particular expertise.
Showing solutions from the past is good for illustrating that there are other solutions, but I don't think it is likely that many of the old ways will end up being chosen by people when they are free to try anything.
|
|
|
|
Rake-free poker sounds like a killer app to me.
I think poker will be huge for bitcoin. I don't think it has to be rake free though. I'd gladly pay a small part of every pot to pay for customer service, software, and advertising. Hopefully the low barrier to entry will keep those things healthy and the rake low. |
|
|
|
$1US for 180BTC?
Good luck getting that rate.
When did I say $1 US for 180 BTC dude?  I said I have Moneybookers and can pay in USD (currency). I am asking for quote, not mentioning my own. I miss understood, on a related note would anyone like to sell me 180btc for 1$US? We're going to need to see the audit first to be sure you actually have that dollar.  |
|
|
|
For advertisers and people who want to earn a few bitcoins with their site (publishers), there is now Operation Fabulous: http://www.operationfabulous.com/The advertising works by bidding for BTC per minute display, instead of BTC per click. Comparable to the way Project Wonderful works. My registration led to a server error page, twice. Also, "to much" should be "too much" it's in there twice. And "Start publishing ads" isn't nearly as exciting as "Start earning bitcoin!" that's why people with ad space are there |
|
|
|
|
Show Posts
