I'm not sure that running a forum is the best use of our time, compared to spending the time talking to new businesses. We will be polishing up the blog and putting more in-depth discussions on there. The one for Crowdfunding with Max keiser is a good one, it talks about the reasons why he likes bitcoin, and some how-to videos. Obviously I don't know any of you personally, nor am I privy to your financials or customer data, so the rest of this post should be regarded as the uninformed speculation of someone who's thinking out loud and probably nothing you haven't already considered. You're involved in a potentially disruptive technology like Bitcoin because your goal is more than merely being profitable enough to pay the bills and keep food on the table. You want to eventually be a household name - a verb. This means you need at least another four orders of magnitude of growth from where you are now. Your first thousand customers have primarily been early adopters and enthusiasts which are a good to get started with, but won't be enough to break into the mainstream. Mainstream businesses are going to include a lot of people who are suspicious of the technology, or even hostile to it, but there is a phrase that will get your foot in the door anywhere: "Our customers typically see their bottom line improve by X% shortly after signing up with us" where X is suitably impressive. Your press release didn't include any sales volume numbers, which makes me think that number is not nearly as impressive as the number of signups. The best way to make sure "X" is high enough to really contribute to your momentum would be to make sure your customers know not just how to accept bitcoins, but how to fully take advantage of this new capability by selling into markets which were previously unavailable to them. Some customers are going to "get it" immediately and others will need some help in order to become the success stories that you need to break into the mainstream. This is very important to do because otherwise you'll just saturate the enthusiast market and stop growing. Whatever means you decide to employ it's vital to make sure that your customers learn how to fully benefit from your service as quickly as possible because their success will determine how far you're able to go. Also anything you can do to expand new markets for your customers, like working with partners to get remittances flowing into new countries and/or setting up bitcoin exchanges there will fuel your own growth by increasing the number of people in the world who have access to bitcoins.
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There's a local butcher shop here which will give you a chest freezer if you buy enough meat to fill it. I got a 1 cubic meter freezer and I expect the price of meat when I'm done eating it will be significantly higher than what I paid for it.
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Maybe you could start a thread for each of those business to counteract the forum spamming by the multiple Pirate/NMW threads! Maybe they could start their own forum.
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This is exactly what Bitcoin needs.
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There is a type of person who desperately wants a path to easy wealth. This person doesn't want to start a business, invent something, or develop a marketable skill - they just want to "invest" in the right thing and have it explode in value so they can cash out. The kind of person I'm talking about is so desperate they have no problem suspending disbelief if somebody comes by telling them what they want to hear regardless of how warning signs are apparent.
Many of these kinds of people are attracted to alternative currencies and precious metals, and wherever they go they attract scammers like chum attracts sharks. To solve the problem this thread is about it's necessary to appeal to a different group of people. That's why I like to emphasize commerce over speculation.
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Is Lockheed looking to get into the business of money laundering, or catching money launderers, or both?
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Refusing to address the question of whether or not laws are effective at stopping child abuse and instead insinuating that anyone who asks the question supports child abuse is despicable behavior and I will not dignify what you're doing by pretending it's a debate.
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Yes, the scammer thing is excessively binary, not enough shades of gray...perhaps the forum needs an ebay-type system with various ratings for users, that other users can vote on: ethical, trustworthy, troll, insightful, etc. Combine that with the ability to filter out anyone with, say, a "troll rating" > 2 stars, or filter the lending forum by "ethical" < 4 stars. As it stands, the current algorithmic mapping of high post counts to laudatory adjectives like "hero" is particularly misleading to someone reading the forum for the first time. A good way to do this would be to allow a user to link their bitcoin talk account with their #bitcoin-otc rating and have their score displayed in place of the adjectives
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It's tiresome to have to point out that instincts don't eliminate inappropriate behavior. You would have a great point if you'd acknowledge that laws also do not eliminate inappropriate behavior.
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wtf. Sell them. What are people so afraid of?
I think we should stop asking people to accept Bitcoins and instead ask them to add BitInstant, etc as a payment processor. There's really nothing for them to object to in this case, because using a payment processor insulates them from the risk. is BitInstant a Payment Processor? I meant BitPay, of course. On the other hand it would be easier if less companies used Bit* as their name.
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wtf. Sell them. What are people so afraid of?
I think we should stop asking people to accept Bitcoins and instead ask them to add BitInstant, etc as a payment processor. There's really nothing for them to object to in this case, because using a payment processor insulates them from the risk.
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Is Benjamin Fulford the one who talks about how extraterrestrials are conspiring with the Chinese mafia to bring Wall Street to justice, or is that someone else?
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Do you think some people might cash out of Bitcoins to buy the new iPhone? It's interesting economically because it's about human behavior, and it might have an effect on the exchange rate - however I'll be the first one to admit that if there is any change, it'll be exceedingly small. While the exchange rate is so dependent on speculation it is extremely vulnerable to effects like you mention.
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One relevant fact that is missing from most analyses of inflation and deflation is the fact that for spending purposes currency and credit are fungible.
The US experienced severe periodic inflation and deflation on the gold standard because while the gold supply was relatively stable, the credit supply was alternatively expanded and contacted by the banking system.
Depressions are normally associated with depression because they are always preceded by a collapse of the credit markets. The question that we should be asking is, "Why does the credit supply keep getting so large compared to the currency supply, and why is it always allocated in such a way that it periodically collapses and causes a depression?"
Saying that we need inflation to avoid a depression is like saying we need to keep drinking to avoid a hangover. The right solution is to stop getting drunk on cheap credit in the first place so that we don't need to worry about currency appreciation caused by increased productivity.
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I disagree - theft (even if you disguise it as a breakin at your service) just puts a blackmark on your reputation and thus limits future legit income.
So apart from the obvious ethics issues (which I hope I don't need to spell out), theft is actually not that profitable.
I agree with this from a theoretical perspective but recent events have shown the existing online reputation systems are wholly insufficient for the task. The cost-benefit ratio for scamming is skewed at the moment because the cost of obtaining a good reputation is too low so losing it doesn't provide a sufficient deterrent. I've got a plan for fixing it though.
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The notion that disorganized resistance is more costly to fight than an army is accepted doctrine taught to military officers.
The objection that we need government for national defense is just bizarre grasping at straws. The teachings of the government's own war colleges contradict this.
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1) Such a society may have difficulty organizing in the face of an external threat.
Iraq faced a significant external threat in the form of a vastly militarily superior enemy with virtually unlimited resources. Was government-organized defense more effective or was spontaneously-organized resistance more effective at preventing this external enemy from achieving its goals?
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