Silk Road being down is more bullish than anything. The reason it's having trouble is the sheer amount of new users. It's growing too fast.
That is a so called positive problem.
+1 |
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Very well said Rudd-O  |
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And yes, you may not persecute someone who is gay. How does that make you less safe? It makes me less safe because I no longer can openly say my opinion about queers and faggots. I also can no longer say my opinion about jews, faggots and niggers without fear of being thrown into jail. I want to live in clean society without fags, niggers and foreigners. You should be able to say your opinion. And you should also know that you're retarded, and I'd like to live in a clean society without retards. |
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Thanks Yankee. Perhaps I will offer a 1000 BTC to a SR hitman and put an end to his efforts.  The market always finds a way... |
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Unfortunate. Kim Dotcom is a megalomaniac, but I thought he might be able to do some good things with me.ga.
Yeah, for himself. And the people lining up to purchase his services would have no benefit, huh?  Profits are bad, mmmkay? |
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This is not meant to make us profit
I have no problem with you guys making profit Very great news! |
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I like the site design So nice to see some good design work finally happening in bitcoinland. |
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Why is the word "scam" tossed so carelessly around these forums? Let's not confuse "legitimate operational setbacks" with "scams." BitInstant's debit card is real. It is in the works. You have no idea how much red tape is involved in the "real world" of money and payment systems. I know that "we're working on it" isn't an ideal answer, but we are, and we will deliver. BitcoinWireless is also real and I know many are patiently awaiting it (as am I since I have a phone like everyone else =) There is not a good reason for its delay thus far, other than that there are bigger projects in the works (and lots of travelling) which just suck time out of the days and weeks. Nevertheless, it will be up very very soon. Meanwhile, we are dealing with investor relations, customer service (over 5,000 support tickets from a week ago when the site went down), hiring of new staff (which takes research, interviews, discussion), press and PR, bug fixes, finance and money transfers, conventions and trade shows, lunches with Bitcoiners and finance people, workarounds for the glitches of other peoples' API's, and sometimes we even need to shower. We also have tertiary projects (Coinapult, Paysius, FeedZeBirds, SatoshiDice...). On almost everything we need approvals, the negotiation of careful contracts, review and consultations by lawyers, and multi-timezone collaboration. Plus we just had a hurricane. And there's like... five of us. Delays always deserve an apology, and as such we apologize for the delays. Rest assured we're moving as fast as we can, trying to attack and build these things from all angles. If you're getting impatient, I encourage you to start building things as well. Lord knows there are an infinite number of projects awaiting us in this new ecosystem. Please hang in there with us |
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Super excited about this project A couple comments... 1) I absolutely agree with you Slush that the best product names are not directly related to the item. Let's please stop putting "Bit" in every Bitcoin product and service =) 2) "IceTank" is the best suggestion so far, provided by Phelix. Use icy or wintery visual branding, a white/blue/silver color scheme, with a very professional logo and you'll have a winner. This product deserves a slick brand... I'm happy to advise, just get in touch with me on Skype. |
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Very excited to see this site, it looks nice. I hope you have plans to market it and spend the time needed to grow the userbase. It will need lots of pushing from your side, and a marketing budget as well. Make sure to update here on the forum frequently so people stay connected. Advertise with sites like bitcoinadvertisers.com, coinurl.com, and feedzebirds.com
Good luck!
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Excellent - really cool news about Paymium is sprinkled in that announcement as well, such as the new relationship with a banking partner.
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I will be interested to know more about it, please explain Newly-mined currency doesn't represent "value ...  +1 And the absurdity of that statement is made even clearer when you realize Bitcoin is a commodity-money. It would be like saying, "newly-mined gold doesn't represent value" Bitcoin is a commodity with exchange value (equal to about $10.50 worth of USD exchange value today). It doesn't matter if it's an old coin or a new coin... just like it doesn't matter if you buy an old ounce of gold or a new one, they are equivalent to the extent that they are commodities. |
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I noticed that the ECB never referred to Bitcoin as a commodity or as commodity money. I think that is significant, legally.
They acknowledge the philosophy was inspired by the gold standard but their charts exclude gold. If you put gold in the charts and remove SLL it would provide a more constructive comparison (USD vs BTC vs GOLD)
I've never understood the notion of bitcoin as a commodity. Money, in the abstract sense, is value that you have given to society, that you have not yet redeemed. It is a token of a half-completed trade. Bitcoin is an excellent implementation of that abstract idea. Bitcoin is absolutely a commodity. From Wikipedia: The more specific meaning of the term commodity is applied to goods only. It is used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market.[3] A commodity has full or partial fungibility; that is, the market treats its instances as equivalent or nearly so with no regard to who produced them. "From the taste of wheat it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist."[4] Petroleum and copper are examples of such commodities.[5] The price of copper is universal, and fluctuates daily based on global supply and demand. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface, the perceived quality etc. And, the more valuable a stereo is perceived to be, the more it will cost.
In contrast, one of the characteristics of a commodity good is that its price is determined as a function of its market as a whole. Well-established physical commodities have actively traded spot and derivative markets. Generally, these are basic resources and agricultural products such as iron ore, crude oil, coal, salt, sugar, coffee beans, soybeans, aluminum, copper, rice, wheat, gold, silver, palladium, and platinum. Soft commodities are goods that are grown, while hard commodities are the ones that are extracted through mining. Bitcoin is a commodity because it is a fungible good without qualitative differentiation. Just like gold. Just like rice. Just like oil. The fact that this commodity's primary use is "as money" does not remove the label of commodity from it. The commodity gold is used as money and jewelry. The commodity rice is used as food. The commodity oil is used as energy and for manufacturing. The commodity bitcoin is used as money. We could call bitcoin a "purely digital commodity," but it is nevertheless a commodity and this shouldn't be contentious. |
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I don't see the logic. Could someone not criticize a Pirate Pass-through without owning shares of it?
There is a difference between ever having tried something and currently holding a stake in it though. And someone ridiculing something they clearly don't understand and without using it is pathetic and it ought be pointed out.
Agreed. You don't need to be involved with something necessarily to be able to intelligently speak on the issue. However, when it comes to Bitcoin, there is such a steep learning curve that you can't really trust anyone's opinion on it unless they have at least gone through the motions of opening an account, and sending/receiving coins. I think Marc Faber's criticism of TV hosts for not owning PM's isn't quite fair. They know enough about the market to be able to talk about it without owning it. The fact that they're wrong on their opinions is the result of flawed reasoning, not a result of total ignorance of the topic. |
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Just a random thought. As others have pointed out, the three categories of "virtual currency" the ECB identifies in its paper are interesting in an academic sense, but from a practical perspective, it almost seems silly to talk about them together. It's sort of like doing a report on the threat posed by various lizards and discussing the following:
1. pet iguanas (like WoW gold and other "Type 1" currencies, these guys are cute and essentially harmless);
2. pet crocodiles (like Linden dollars and other "Type 2" currencies, these guys could be dangerous if you let them grow large enough and didn't keep them contained, but the threat is certainly a manageable one);
3. Godzilla (Japanese-in-origin Godzilla is the "King of Monsters" and Japanese-in-origin Bitcoin is the King of Cryptocurrencies; Godzilla had the power to destroy entire cities and Bitcoin has the power to destroy an entire financial system; Godzilla started out as a villain -- and that's certainly how the establishment views Bitcoin now -- but he became a hero and defender of the people; Bitcoin is the people's currency and a powerful tool for protecting their freedom, and I think it will become increasingly recognized as such as time passes)
LOL +100 on this point! The fact that all the currencies are "virtual" does not make them fundamentally similar in any way. It's absolutely silly to discuss WoW gold, Facebook Credits, and Bitcoin in the same vein. There is more similarity between USD and WoW gold than between BTC and WoW gold (central issuer, can be created out of thin air, etc) |
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Why wouldn't they just say, "Click here to pay with Bitcoin" and that link would then open up the URI or wallet software?
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