WOW. Erik just settled with SEC over selling securities for SatoshiDICE and FeedZeBirds. I'm quite shocked they went after him for this tiny business when SatoshiDICE was so much bigger... Hopefully we'll hear some resolution now. EDIT: linky I think the difference is that satoshidice got sold and shareholders got a final payout. Feedzebirds didn't feed ze birds with anything but promises. Erik Voorhees should be considered to have a very poor reputation and his word is not worth a damn. Settling with SEC is great but what about the people who were harmed? |
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Everyone have been looking for big retail companies to come on board, with digital currency. Thing is, the Bitcoin community is not supporting this. It was reported that on the 9th January 2014, when Overstock became the first major retailer in the world to start accepting Bitcoin, they made sales worth US$126,000 in Bitcoin. As of 13 March 2014, Overstock Bitcoin income had shrunk to under 1% of their normal daily cash intake. Source " http://en.wikipedia.org/wiki/Overstock.com" My question is this. Why not support these ground breaking companies?, to proof to the rest of the retailers, that bitcoin has huge potential income. Or are we hoarding coins for potential investment returns? It's because of the bear market. Wealth effect at a higher btc/usd price will spur more retail sales in BTC. What is the difference between saving and hoarding? |
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Sounds like cash conversion to BTC is very difficult at best in that environment. Asicminer needs to provide incentive for customers to pay in BTC.
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..
hahahahhahahaaha Best laugh i've had in days. Legit. :----D Great stuff! |
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In 115 weeks [the block reward] becomes only 14,000 BTC per week. A few years later it's 7,000 per week. I think you understand the maths here.
I confess that my math has not got there yet (sincerely). What will happen then? Will the miners start charging fees to make up for the difference? Or is the price of bitcoin expected to double at that moment? Or none of the above? Or both of the above? With questions like that, I'd recommend getting out of the wall observer thread and start taking an academic interest in bitcoin. |
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My apologies for not being able to catch up with the current debate. The current status is that friedcat committed to the 27-MAY as the date to release the financial reports and he communicated his intent to wait for the first round of payments and the financials to release dividends (thus bringing stuff into alignment). That day has now passed without prior announcement of any potential delay. There is no technical reason why dividend payments couldn't be made independently from any financial report release date - it's just a matter of preference. I am currently expecting to hear back on that matter, I have no further information available.
I'd like to reassure shareholders that there is a shared interest in getting this resolved soon. As such I see the responsibility with the board to follow up on this.
Much appreciated, as always. I think my serotonin levels just went up. |
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bids are doing the tsunami, blast off looks imminent cant wait to give all my friends 10bits with the new FB app coming out soon.  that's less than $0.007 CAD  He's very very generous  That's 35.00 when considering all 5000 friends. |
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This thread is so funny...AM is like a cult. Never seen a group of people act like this about anything... "omg friedcat is logged in" OMG
There is a lot of anticipation for some good news and dividends. It's been a long cold winter for AM holders in the northern hemisphere. It's to be expected at this point. |
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Seems like higher hashrate is better compensation than cloud mining and lcd, gui, and wifi are nice but not necessary.
@ Squirrel Dearing There's no storm like a NASTY storm, brace yourself!
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We had to borrow to pay for it. It would be embarrassing to have to borrow more. Let's not gamble as there is no guarantee price will go up.
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Awesome, so now there's a centralized clearinghouse for exchanges that only needs to be compromised once to have a Goxxing of truly epic proportions.
Also, I'm not holding my breath on the "provably solvent" part, either.
1) They only hold fiat in escrow 2) No need for them to go fractional, they will make enough from the fees they put on exchanges. 3) The way it works means even if one exchange acts irresponsibly they will be fine. The only ways this could screw up are a) they are intentionally negligent. b) their bank accounts are closed. Either Havelock of CFIG may correct me on this, but that is the impression I have. 4) There is no need to believe that CFIG would be the only central clearing house for something of this nature. Competition will inevitably arise. This service is desperately needed to take bitcoin adoption to a higher level because it is the fiat conversion that provides the most friction right now in terms of fees and time. |
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Easy miner seems to work well and be quite stable. The psu was the only problem.
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waaaaaa  The service allows consumers to pay in bitcoin from any mobile device with SMS functionality via a ‘gateway’ in the user’s country of origin. Anyone wanting a 37Coins wallet can set one up at the company’s website, but, for people lacking web access and/or smartphone, a hosted wallet is automatically created once a small amount of bitcoin is sent to their cellphone number. The service acts virally and once, say, Alice has bitcoin in her new wallet, she can send funds on to Bob – thus creating a wallet for him, and so on. The reason 37Coins sees SMS as the best way to reach the most people, is that almost everyone now has access to a cellphone. According to the International Telecommunications Union, cellphone penetration will reach 95.5% globally by the end of 2014 – far higher than the roughly 40% of people using the Internet globally. ... -> http://www.coindesk.com/37coins-plans-worldwide-bitcoin-access-sms-based-wallet/  |
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Wow, this looks great. Is Havelock running this software now, or planning on doing so in the future? Also, can you name any names that are already using this (besides Havelock) or will be using this?
We keep all of customers database private. We can't disclose at this time which companies in the bitcoin space are using our services. We are working with Crypto Payment processors and some direct Bitcoin exchangers on the back-end for the moment. BETA users will have preliminary access to our platform and once they are verified they will be able to fund their respective account. Any user is able to add additional accounts in different currencies if they need to with a couple of clicks through our platform. Any plan to provide merchant services for bitcoin accepting business? |
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