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61  Economy / Marketplace / Re: Silver Holdings Investment Fund (GLBSE:SLV) DIVIDEND ANNOUNCEMENT on: September 25, 2011, 04:39:22 PM
Me very confused.
62  Economy / Gambling / Re: Buying up cheap coins? Play your hand at Bitjack21 BlackJack! on: September 25, 2011, 05:45:49 AM
Wow congrats on a successful business.  I'll have to try some blackjack.
63  Economy / Investor-based games / Re: BitPonzi.Net - The Bitcoin Ponzi Site - Now Hosted on VPS, NO MORE DOWNTIME! on: September 25, 2011, 05:44:37 AM
Haven't been gambling lately but looks like a fun time to start.
64  Bitcoin / Bitcoin Discussion / Re: I'm planning to write a book about Bitcoin, any ideas? on: September 24, 2011, 10:22:41 PM
You wrote a whole book in 1 day?  Huh
65  Bitcoin / Bitcoin Technical Support / Re: Took all day to download blockchain on netbook computer. on: September 24, 2011, 05:06:16 PM
Thanks I never even thought about downloading the blockchain seperately.  I guess it was just a crappy netbook that was the problem.
66  Bitcoin / Bitcoin Technical Support / Re: Took all day to download blockchain on netbook computer. on: September 24, 2011, 03:22:22 AM
Cool thanks.  I could have sworn when I redownloaded the blockchain a few days ago it only took a couple hours.  Undecided
67  Bitcoin / Bitcoin Discussion / Re: Could smartphones scan a QR code on a whole side of a bus? on: September 24, 2011, 03:03:07 AM
I have a buddy who handles the decal wrapping of the county's bus system. That would be quite some fun to switch out his decal set at the beginning of the week....
I have been inspired and will be making a QR code advertisement in my area asap. I will post when accomplished.
Around here we have people who will pass out 1,000's of fliers for like 50 bucks too. That might be something to use at a huge parking lot or something.
As a matter of fact I have a bunch of great ways that political parties push the limits of advertising their campaigns.
If you guys are interested I can post some, I feel like it is my duty to teach everyone about how to play the game of politics we will surely be cornered into.

Lesson 1 - Never ask a Bureaucrat for permission, but rather do it first and handle whether or not it is permissible later (We are talking about questionable acts like putting a bunch of fliers on cars at a walmart or putting signs up on a freeway overpass, not real crimes).

*Also for when you hold an event that is filmed, this is a big tip. Do not get to big of an area, and always put less chairs out then you think you will need. You can bring more chairs in as you need them. You want it to feel crowded like a great turnout for the cameras.

I am not just guessing here, I have been to school for this stuff, if anyone has questions about how to use real life tactics to advance their bitcoin operations and all the little idiosyncrasies that actually do matter to advancing a project, or platform, or group, please ask Smiley

What you gonna advertise?
68  Bitcoin / Bitcoin Technical Support / Took all day to download blockchain on netbook computer. on: September 24, 2011, 03:02:32 AM
I was helping my friend set up bitcoin today and it took for ever to get her blockchain downloaded.  Had 8 connections.  The internet speed is fast, torrents are downloaded super fast.  No the torrent application wasn't running at the time.  It will be done soon (I'm not there anymore). Just thought I'd ask and see what could the problem could have been.
69  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 07:53:58 PM
The whole world must then be a ponzi scheme, since it's a closed system. We need to start reaching out to the economies of Mars and Venus.

You could argue our current economic system is indeed a ponzi scheme thats beginning to unravel. I wouldnt dispute that. But the point is not that its closed. Closed in to that same world economy is also all the real world wealth that the money represents. Real estate, gold, oil, food, whatever. The bitcoin economy so far, is almost completely disconnected from that. As long as real world goods and services are not traded in bitcoins, its value is nothing but speculation, a bubble. If you cant buy a bread with it, it might as well be WoW gold.


Nevermind, I see who I'm talking to now. 
70  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 07:53:18 PM
According to the Bitcointorrentz guy the initial reaction to the product has been better than expected.  No he doesn't get business outside the bitcoin economy, he only deals with bitcoins.

yes, but the question is if those bitcoins are being bought for by dollars/euros, or do they come from people who ended up with bitcoins for some other reason, mining or otherwise. IOW, do they help grow the bitcoin economy by attracting real world funds, or is it just "bitcoin recycling", circulating amongst ourselves. I suspect its mostly the latter, and thats true for the majority of the current bitcoin economy.

Quote
I see nothing wrong with holding companies either.. they are getting dividends from other companies and sharing the profits.  Dividends don't depend on new people buying shares.  

But they do. How do holding companies make profit? Because they make profit on their investments, their shares. Shares only go up if new people buy in. Since almost everyone on that exchange seems to be invested in everyone else, buys each others ads and give each other dividends, since precious few companies (I use that word lightly) do any real business, the net result is that the "profits" only come from new influx of capital. New capital in to the exchange, not outside capital thats buying goods or services from those companies. Im sure you can see the difference. If no new shares are being sold, I predict there wont be a lot of companies there paying out dividends.

Quote
BitPonzi which advertised this, was the only one I know that tried this method, they were open about it and not even around anymore from what I can see.

Sure. Thats not the point.  THe point is that, taken as a whole, the exchange and the companies listed on them can only turn out profits/dividends as long as they find new investors. usually that doesnt last Smiley.

It doesn't matter what my share price is .01 bitcoins or 100 bitcoins, I will still be giving out the same amount of dividends.  Somehow you don't seem to understand that.  If the bitcointorrentz price went to .0000001 a share he would still be paying out dividends.  It doesn't rely on new shareholders joining up.

As far as everyone using other people's services to advertise and such, thats how an economy works, would ad words be a better option?
71  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 07:25:42 PM
Bitcointorrentz has an actual business model. If you believe in it, buy shares in it. I agree (assuming their business works) they attract BTCs from outside the exchange at least. Hey, thats better than some.  I do wonder if they get business from outside the existing bitcoin economy. I kinda doubt its substantial right now, but at least its possible.
 
But buying shares in a company who's revenue comes from dividends from other companies that are its shareholders too, or that buy shares in other holding companies and possibly even the exchange they are listed on, sense does not make. Im sorry, given the utter lack of any real economic activity, as in supplying good or services to the real world, at this point its all rather laughable.

According to the Bitcointorrentz guy the initial reaction to the product has been better than expected.  No he doesn't get business outside the bitcoin economy, he only deals with bitcoins.

I see nothing wrong with holding companies either.. they are getting dividends from other companies and sharing the profits.  Dividends don't depend on new people buying shares.  BitPonzi which advertised this, was the only one I know that tried this method, they were open about it and not even around anymore from what I can see.
72  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 06:50:22 PM
Other dividends come from investments in other companies and getting dividends from them (bitcointorrentz ect).  Also more btc's will trickle in from advertising from some of my sites that I create. Smiley

See, thats what I meant. "Hip pocket - brest pocket" operations we call it in dutch. Its a mini bubble or even ponzi. Company A investing in B and company B buying adds in C and C buying shares in A;  increasing each others share value and using that "profit" to pay out early investors.  Sorry guys, thats not how it works. Unless these listed businesses start earning money from outside their closed system, it cant and wont last.

BTW that problem isnt unique to glbse; its something the entire bitcoin economy seems to suffer from. If it cant reach out to the real world economy out there, its all pointless, or rather, worthless.

How is me investing into BitcoinTorrentz and getting dividends from their earnings and sharing them with my shareholders a ponzi? They are getting income from the BTC economy OUTSIDE of the Glbse. by people who want to download torrentz.  They pay out dividends and I will share them.  Seems like good business practice to me.  How is me buying bonds from CIB solutions so they can expand their website and giving out dividends when the bonds are paid back a ponzi?

Come on.
73  Bitcoin / Bitcoin Discussion / Could smartphones scan a QR code on a whole side of a bus? on: September 23, 2011, 06:41:44 PM
Seems like a great way to spread the word of bitcoins plus a way for people to donate to a charity if a bus had a huge QR code on the side of it for instant donations.
74  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 06:14:44 PM
Has anyone thought of using GLBSE to make a property investment fund?

For example we could raise enough BTC to buy a large amount of agricultural land in Australia and rent it out to farmers. The rental income would then be converted to BTC and paid out to share holders.

Thats an interesting idea. 
75  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 06:13:41 PM
I use glbse and actually own shares of SMM and enjoy my daily dividends. I would like to see more companies listed and see some success. I do like the direction it is headed.

The dividends will get bigger in time.  Plus there will be  lump payments when I get dividends from investments.  I also can't wait for more companies to join.  I think the glbse is a great way to help companies jumpstart at warp speed. 

Since buying new hardware for Bitcoin mining is currently not profitable, where are the dividends coming from?

I already had 3 rigs going when I made the IPO. I added another rig but will be holding off on any more till the bitcoin price rises. 

I pay around .09 per kwh here so mining is still profitable.  Other dividends come from investments in other companies and getting dividends from them (bitcointorrentz ect).  Also more btc's will trickle in from advertising from some of my sites that I create. Smiley
76  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 23, 2011, 07:46:43 AM
I use glbse and actually own shares of SMM and enjoy my daily dividends. I would like to see more companies listed and see some success. I do like the direction it is headed.

The dividends will get bigger in time.  Plus there will be  lump payments when I get dividends from investments.  I also can't wait for more companies to join.  I think the glbse is a great way to help companies jumpstart at warp speed. 
77  Economy / Services / Re: BTCKink.com - Subscribe anonymously to premium adult content on: September 23, 2011, 05:27:36 AM
Well, I moved it, I guess we'll see.

now you're in here with the camgirl and the escort over in europe

It is getting a bit ridiculous! It just seems to be a little undignified, particularly the london escort thing.
And don't forget about the asian breast implant pics!

The adult and gambling industries will give bitcoins some serious foundation.  Must happen eventually. Smiley
78  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 22, 2011, 09:42:50 PM
I just had a look at it. I cant take it very seriously tbh, nor the companies listed on them. No offense, but it reminds me a bunch of 12 year olds playing "business man". They all seem to "invest" in each other and, well,  thats usually their business plan.

The exchange itself is also rough - to put it mild. To name one thing, I cant seem to find how many shares a company has listed. How am I supposed to invest in a company if I cant figure out its marketcap?

From all the idea's on there that Ive seen (I havent checked them all), there is only that has legs I think, thats IBB. With investments up to 20BTC, its still more a kids game than a business, but the concept has merit and the owner appears to be made of the right stuff. It might go somewhere some day. No Im not boosting the stock, I havent bought any.

When you log in click assets and type the ticker, it'll show you how many shares there are.  

79  Economy / Speculation / Re: how many of you use https://glbse.com/ on: September 22, 2011, 08:47:16 PM
I have a company on there SMM.  Running pretty smooth so far.  I mine plus invest in new companies on there.  If you plan on starting something just make sure you have a plan.  Its stressful when things go wrong and you have investors waiting on the other end.  

Um.

GBLSE has a blind pool which invests in scams. What's wrong with this picture?

Its pretty ignorant and trollish of you to say that every company on there is a scam.  I've been paying out daily to my investors.  You are pretty negative towards everything bitcoin in general so I wont bother arguing with you.

80  Bitcoin / Bitcoin Discussion / Re: New Bit-Pay Video! Alison and Ashly demonstrate Mobile Checkout on: September 22, 2011, 08:07:53 PM
As much as I like the 2girls1coin video, this product does not have a place in the market. PayPal barely scratched the surface of retail with millions of invested dollars. Credit cards are the IPv4 of retail, the industry workhorse that's always "just about" to be replaced.

I think its a little early to make that statement. 
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