I dont want to discuss this here, but do you realize that having value to humans means that they have subjective value and not objective value? Well now you are getting into the definition of the word value. Inanimate objects can't value anything, therefore value only arises in the minds of conscious creatures. And all conscious creatures have an evolutionarily built-in drive to survive, so things like air, food, and water come as close to being objectively valuable as anything can possibly be. |
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Is there any chance you will buy/sell Moneybookers in the future? I would pay a slightly higher fee for that, as MB is going to be a big medium of exchange for me in the near future.
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I was thinking, some minutes ago...
* Bitcoins don't have intrinsic value
* Namecoin do have an intrinsic value (they can be "bartered" with the "system" for a new domain/for renewing the domain)
Both can be traded between persons. Clearly the value of a domain isn't "fixed" but...
Nothing has intrinsic value. What you wanted to say is that namecoins has another use apart from bieng money while bitcoins can only be used as money. The problem with Namecoin is that if it does become money its value will skyrockedt and it wont be used for domains, therefore rendering its porpouse useless. It could also cause a panic when people realize its original poropouse is lost. Air, food, and water all have intrinsic value, at least to humans. |
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man I hope this catches on. I'm not back online yet but will be within a month or two, and I would love to have a market of traders already set up for poker sites and bitcoins.
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man I hope this catches on. I'm not back online yet but will be within a month or two, and I would love to have a market of traders already set up for poker sites and bitcoins.
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man I hope this catches on. I'm not back online yet but will be within a month or two, and I would love to have a market of traders already set up for poker sites and bitcoins.
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Is there an automated way (or exchange that's trust-worthy) to turn Moneybookers into BTC and BTC into Moneybookers? Right now it looks like my best option is MB>>VirWox>>SLL>>BTC, but that's both a hassle, requires me to open a Second Life account, and costs a lot in trading fees/hits. I'd like to be able to be able to convert automatically between MB and BTC with less than a 5% value loss, like I can with USD and BTC via Dwolla and MtGox/TradeHill. I don't mind if it takes time, time I have. I just want to be able to auto-buy or auto-sell, or at least set a limit order to be filled, and then leave it and cash out the funds later after the order has been filled. I don't want to have to continually find people on forums or OTC to trade with when I want to exchange between the two. I'd like the process to be as automated as possible. Anybody have any good ideas, or is VirWox and SLL the only way to go for me?
Yes, this is for online poker...
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Yay Micon found bitcoins!!!!! God there is going to be an AVALANCHE in buying up bitcoins when American poker pros find bitcoin. MtGox prices will go up $100 overnight. I sure hope bitcoin poker takes off. Plus bitcoins>>exchanges>>Moneybookers/WMZ/ucash>>poker sites means that dedicated Americans don't just have to move or not play, even if they want to play with crummy old USD.
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I'd love to test it out but the STT satellites at the series are so fucking soft, I'm spending almost every waking moment at the Rio.
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This is the first one of these I've ever made. Just for you OP.  |
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I'm not sure but I feel like you might be interested in looking up "bitcoin days destroyed".
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What is myanonymouse.net? I don't even know.. :-(
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You can have a TOR service, which I guess isn't really hosted peer to peer but that sort of works. Then you just give it to people with the tor2web address. Freenet is p2p but it can't be accessed by outsiders.
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One makes money trading because somebody else is willing to take a bad deal. This happens because they are motivated (need to do the trade for outside reasons), don't have all the information you do, have the information but have come to bad conclusions, or are just dumb and not thinking. Bitcoins are currently used by "geeks" aka smart people. Thus, you are unlikely to find trades that are good for you. Trades you THINK are good are probably going to end up bad or breakeven for you, and the other guy simply has more information than you do.
When I first started in bitcoin, I traded bitcoins for paypal at an amazing rate and thought I'd made out like a bandit. Then I realized that the guy I'd done business with had extra information that I didn't, ie the fact that Paypal allows chargebacks.
Still, trading will be profitable in the forseeable future, but not because the trading itself is profitable, but because bitcoins are going up in value. If you're playing a +EV game, it doesn't matter how you structure the betting.
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I can't do the transfer yet, but I will be able to within a month or two. Man I hope exchanging poker money for bitcoins becomes popular. Please somebody do this trade!!!!
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I'm constantly surprised at how many of my friends that I tell bitcoin about say "well what if the guy who made it just makes more." After I just finished explaining to them how cryptography and one way functions work.
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But you must convert to dollars to pay for electric and hardware.
The break down is where the crypto currency gets converted into real currency. These places are easy to shut down.
That's just not true. It's like saying you must convert Dollars to Euros in order to use them in Europe. Once bitcoins are widely accepted and everybody takes them as payment, there will be no need to convert them since they ARE money. |
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Yeah, because that's what entrepreneurs need, the knowledge that early adopters will get screwed for taking a chance.
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