At a first glance the idea sounds interesting, but you're suggesting to create an unofficial stock market. Being unofficial, no enforcement of any kind would be available. You can't enforce companies to publish real data, or even to pay owed dividends. You can't enforce decision power to be given to someone that buys enough stocks either...
Just a remark, not saying it couldn't work.
Maybe companies/people that already have a reputation to protect could use it. The entity running the equity market could do something basic like make sure that the people selling the shares are the company they claim to be. |
|
|
|
So I was reading this http://torrentfreak.com/harvard-develops-p2p-client-that-uses-bandwidth-as-currency/ about how one particular filesharing system is attempting to use bandwidth as a "currency." I'm wondering if we could modify a p2p bittorrent client to use bitcoin as the internal currency and start using it amongst ourselves? If it's successful, I think it would have the potential to turn viral. I envision something like this: - In addition to merely seeding a file, you specify a "wager" in btc that that file will be popular.
- So essentially you are betting that your file will "earn" more btc than your wager
- Initially the flow of btc is OUT from you to the first downloaders. Yes, the downloaders are pretty much being "paid" to download and seed your content.
[/b] - Then, once your wager "thresh hold" is reached the flow of bitcoins reverses and comes back to you.
- Hopefully earning you more than you originally wagered, or if your content sucked or had a virus, you probably took a loss
I know that there are some holes in this plan, but what I'm proposing here is that we put our heads together and see if bitcoin can be a better file-sharing currency than anything else out there. If so, I think something like this could take off. Paid separately for downloading and uploading or paid after both are accomplished? Or paid more for each kb they send? Paid by whom? The second generation of downloaders? Just trying to figure how incentives will work. It seems to me that a simple system would just be, pay whoever seeds the file you want and then charge anyone who wants a file you have. |
|
|
|
I was thinking that it might make sense to decentralize the sweatshop to reduce overhead and make the micropayments to workers with bitcoin.
What possible legit captcha breaking activities would there be? What uses would it be to other bitcoin users, and what possible benefit would there be for the community? I dunno man, making 4000 gmail accounts to forward that email that makes Bill Gates give 1000 rainbows to dieing children? I don't know legit uses, but I hate solving them, especially that IRC one and I'd pay .5BTC if I could click and make it solved. Just a niche I thought of, prolly a bad one. |
|
|
|
Does anyone know about the captcha solving business? Seems you could play .02BTC or something and resell them bulk slightly higher. I've heard $2-3/1000. If people would do them at .02 you would be turning 20BTC into $2.
I don't know the details though. Who buys them? Do they want particular ones solved on demand or is a solved batch good for something?
Not sure what you are talking about. I thought of bitcoin as a captcha itself. The theory goes that bitcoin are valuable stuff that spammers are reluctant to spend. There are 'sweatshops' in India(?), China(?) that have people solving captchas and selling them in bulk to hackers(?). I'm just remembering a bit of an article I read a while back. I was thinking that it might make sense to decentralize the sweatshop to reduce overhead and make the micropayments to workers with bitcoin. |
|
|
|
|
Does anyone know about the captcha solving business? Seems you could play .02BTC or something and resell them bulk slightly higher. I've heard $2-3/1000. If people would do them at .02 you would be turning 20BTC into $2.
I don't know the details though. Who buys them? Do they want particular ones solved on demand or is a solved batch good for something?
|
|
|
|
I don't know what you mean by 'go backward'. Do you mean after you have uncovered a square? No, once the mine goes off you're done.
No sorry, I mean trade points on the game back to BTC. |
|
|
|
Okay, apparently I forgot that I made two accounts  I really didn't think so, but my account is empty and there seems to be no record of bets, but I did get coins sent to the addy. I'm confused. |
|
|
|
|
Sorry for being dumb. We log in with the address that we sent coins to? I tried a few that I thought were at the right time/ right amount, but no luck yet.
|
|
|
|
Agree!
One route to broaden bitcoins is to increase activity and have more people sell stuff at BIDDINGPOND.COM
Currently, there are too few sellers. If some folks start selling there, this could change the game.
Too few buyers! People are selling money over there and it's going way under value. |
|
|
|
Still doesn't seem to work. I see a minesweeper game, but it looks like ti is just the standard windows game, no option to buy anything with bitcoins Its there. When you start to play the game (click on a square), you will be taken to a screen to place a bet. On that screen you can buy more minesweeper 'money' with BTC. I assume you can't go backwards? Or can you? |
|
|
|
|
I was just always logged in before, now I am not. I should be trying to get in with the address that you send coins too, right? That doesn't work though.
|
|
|
|
Won't transaction fees make that pointless?
If you are trying to give accurate payouts from the sportsbook I don't think anyone will mind having it rounded off at .01 for now. That is only $0.0006 after all.
Will transaction fees be applied to transfers above 0.01, but with more precision? I wasn't aware of it being that way. And yes, I am rounding for now, but I like things clean, and I can either allow withdrawal of higher precision amounts, or I can round to 2 decimals the prize handout, I just rather do the former, that's all. And no, it's not *only* for the sportsbook. I have plans...  You are a busy dude! Did I hear something about the change being charged a fee? Oh oh, that was the block with the tiny fee in it. So 50.00001 sending 50 had a change of .00001 and therefore a fee, but usually no fee because 70.00001 = 50 + 20.00001 change = no fee. But this was fixed to only charge the tiny bit as fee anyhow. |
|
|
|
|
Won't transaction fees make that pointless?
If you are trying to give accurate payouts from the sportsbook I don't think anyone will mind having it rounded off at .01 for now. That is only $0.0006 after all.
|
|
|
|
bitcoins are just like shells or furs in ancient times - of course they are not banknotes or coins, but it's money, because they have all the functions of money
Bitcoins don't have a value outside the context of their use as a medium of exchange. I don't much value furs or have a use for them here in the tropics. But I think my bitcoins are interesting and fun. |
|
|
|
|
Cash is already a broken government promise and I suspect those broken IOUs won't hold value even as well as they have over the last few decades in this next one.
|
|
|
|
I think a big publicity splash should wait until Bitcoin 1.0. Bitcoin still has way too many rough edges for ordinary folk to use (watch them run away screaming as you try to explain that it is NORMAL for it to take half an hour to download the block chain the first time you start Bitcoin....).
Is the download time going to get better anytime soon? |
|
|
|
http://www.cnbc.com/id/39265847How would you hide anything from the state under such a system? What if all cash was withdrawn from circulation and you could only pay for things electronically? I suspect nearly every country still has cash because if you get rid of it a non-state alternative will pop up so fast. They'd rather have us hoarding their tokens. |
|
|
|
|
Haha, I just realized it's probably no coincidence that the FED was started near Christmas. It's for the exact reason I suggested it as a bad date, people are distracted.
|
|
|
|
Okey, when will be "Bitcoin Facebook Day?"  Hummm, what are some significant dates in the history of Bitcoin? We could mark one of those anniversaries. Or maybe December 23, since December 23, 1913 is the day the Federal Reserve Act was enacted.  I would say a date around 2 months from now: long enough to get organized, but not so far out that people lose interest. Too close to Christmas to get many people's attention. They'll all be thinking about charging gifts on the CC! Earlier imo. But I don't use FB anyway. |
|
|
|
Chrome 6? Try to sync your personal data and settings, then uninstall Google Chrome and remove all userdata... %USERPROFILE%\Local Settings\Application Data\Google\Chrome\User Data\ After that install last version - and sync userdata back. PS. Make a backup of your userdata before removing it. Thanks. It started working on it's own though. After about 3 days. |
|
|
|
|
Show Posts
