It's too bad that Crowdfunding is a term that covers both types ... donation-based crowdfunding and equity crowdfunding. Because the two couldn't have more different properties. I stand corrected: There are four main categories of crowdfunding: rewards, charity, lending and equity-based.
In rewards-based crowdfunding, funds are contributed in exchange for future goods or services. In charity-based crowdfunding, individuals and organizations accept donations from the general public. Reward- and charity-based are the most common forms of crowdfunding and are a good option for non-profit organizations, social causes, artistic projects, and product development. Companies like Kickstarter and Indegogo are prominent examples of rewards-based crowdfunding.
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Lending-based crowdfunding allows individuals and businesses to lend money from the “crowd” and repay it with an interest.
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Equity-based crowdfunding allows companies to get capital from the crowd by selling equity to accredited investors. In general, companies who want to be listed in equity-based platforms have to meet certain requirements like generating certain amount of revenue and passing a series of background checks.
- http://www.bbvaresearch.com/KETD/fbin/mult/1306_EEUUOutlook_2Q13_tcm348-392269.pdfObviously, Bitcoin-powered [i.e., w/ investor anonymity] equity crowdfunding is something they have no clue about and isn't even on their radar. That ASICMINER (currently valued at $180 million ... ) exists, and is likely the most successful equity crowdfunded company in history (by all metrics, market cap, ROI, etc.) says these analysts have some learning to do, and quick! |
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This is great news! I've always loved thebitmunchies !  Was it BitMunchies.com or TheBitMunchies.com before? Ah, I just read you how you had said that you had to get a new domain. But the old domain was promoted by someone else: Bitmunchies.com is intended to provide access to goods unavailable elsewhere in the bitcoin economy. Though your forum account is from that time so I'm guessing there's some tie between you and the old BitMunchies. Care to do something to alleviate concern that you might not be the same operator? |
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-be able to verify via online banking that there has been a cash deposit made into their account for the correct amount.
-receive a scanned copy of the actual deposit slip used during the deposit transaction.
-receive a scanned copy of the business card of the bank employee who accepted the deposit who can be contacted to verify the deposit. How can the seller know with certainty that cash was deposited (versus a personal check, for instance)? Some banks charge extra to perform a counterfeit bill check at the time of deposit. Is it possible the buyer passes a bogus bill, and then the funds are pulled from the seller's account a day or so later? |
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i have a PP acnt which i could use for these transactions. There've probably been about fifty people that hoped to provide bitcoin exchange service involving PayPal. There has been a 100% failure rate (i.e., not a single one still does this), with horror stories of funds frozen for 180 days (at best). |
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So I'd like to sell some BTC for USD.
Until Mt. Gox resumes Dwolla as a withdrawal method, Camp BX remains the only exchange to support Dwolla. |
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It's so much better to follow press in this thread than it is trying to find something new being buried buy old stuff that keeps getting bumped ect.
If you use a link to sort by date, threads formatted properly will appear with the most recent ones at the top: |
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he kept asking was if any major retailer is already accepting it. Not directly. But gift e-cards are one way to bridge between bitcoins and the fiat methods retailers and e-commerce already support. - http://bitcoinmoney.com/post/52164422060Add up the 12,000 restaurants from Foodler, the retail locations from Gyft (including Burger King, Marriott, CVS, Sears, Lowes, and a ton more), Amazon gift cards from GiftCardBTC.com, and then all the merchants where Dwolla can be used (which includes all the merchants with Lyoness, which accepts transfers from Dwolla) then you will have covered most every category with at least one merchant. [ Lyoness merchants include Best Buy, Priceline, American AIrlines, Chevron, Exxon, Home Depot, Peet's Coffee, and many more] For this to happen, the big merchant which starts accepting Bitcoin must be one that suffers deeply under the current payment methods in financial terms. Can anyone here think of such a merchant? High Risk Merchant Accounts - http://bitcointalk.org/index.php?topic=73694.0But if we can build a new type of financial services industry around it that leaves behind the mistakes of the current system it could also be a starting point to a larger adoption of Bitcoin.
That's where the regulatory friction exists. That's why BitSpend.net is currently offline. That's why BillPayForCoins.com accepts bitcoins for only rent payments or for payments to your supplier (which they will manually verify to be true). That's why GLBSE does not exist today. But you are correct in that there are huge opportunities in finacial services for a Bitcoin. Western Union should no longer need to exist. A thousand bitcoin-powered M-PESAs should bloom. Bitcoin-accepting ATMs could bring fees down to a fraction of current levels. Bitcoins should be able to secure grams of gold held in a vault somewhere else. Letters of credit for int'l commerce become trivial to obtain and use. |
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When there is a delta (as there is right now) between price of BTC and cost to produce BTC then every new BTC created is effectively being purchased for less than market value, and as of right now for a fraction of market value. So it would stand to reason that the vast majority will be converted to $$ or other currency immediately upon creation.
I'ld previously made the opposite argument. Back when GPU profitability was low, those miners couldn't save their coins because they were needed to pay the electric bills. When profitability skyrocketed, fewer coins were needed for the electric bill and thus more coins were saved. There is one part to your argument that I'ld agree with though. There were some people who mined rather than buy specifically so that there was no need to use an exchange to acquire coins used to make purchases. So those people were probably first in line for ASICs and today are getting many more coins than their level of purchases require, thus they can then spend / trade their excess coins as they essentially are considered to have no cost. I don't know how much of the mining capacity might fall in that category but it could have an impact, surely. |
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Lyoness has added several new online merchants as well as big store names.
Yup ... I updated the list above with new brands that include: - California Pizza Kitchen - Peet's Coffee & Tea - Priceline - Southwest Airlines Vacations - WorldMarket.com - Sears - KMart - Dollar General - Linen's N Things - Guitar Center - New Balance - Golfsmith - Zumba fitness - Best Buy - Straight Talk Wireless (11%!!) And then I did a search of their loyalty merchants by zip code and noticed a coffee shop where I occasionally visit (and use the wi-fi) is a Lyoness merchant. I'ld have received enough cash back for a free coffee by now had I known they were a Lyoness merchants and shown my Lyoness v-Card from my mobile with each purchase. |
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You shamelessly posted on the Bitcoin Discussion forum, knowing it belongs in altcoin as the mods have said, because you know it will get more exposure, and as a result, so will centralized, closed source, red flag Ripple.
If you look at my post history, ... I've probably mentioned Ripple less than a dozen times ever and I've never before created a thread which mentioned them. I do, however, want to help people use what's available to them to help their position. In this particular instance, this involves converting a freebie this post's reader might have long since forgotten about into something of value. If there was anything shameless, then it was me knowing that if hundreds of bitcoins were purchased as a result of this post, that would help support the Bitcoin exchange rate as a result -- and that is something that would benefit me personally. I can see your point though. I too fight away the encroachment of altcoin discussion in threads that have nothing to do with altcoins. For instance, just yesterday I had posted this reply: - http://bitcointalk.org/index.php?topic=248828.msg2642791#msg2642791 |
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Donation-based crowdfunding needs Bitcoin like McDonalds needs Bitcoin (i.e., it doesn't
There are plenty of restrictions on donating national currencies which Bitcoin can bypass, for instance donating to Wikileaks. That's a fair response. I was thinking more in terms of a Kickstarter. While I'ld prefer to use bitcoins to pay for a contribution to a Kickstarter project, them not accepting bitcoin (yet) doesn't mean I will instead have to pass on it. But for donations to causes, like you suggest, yes -- it is very important that payment in Bitcoin is an option. |
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I'm so sick of you shills, I thought the mods already handled this.
Heh, ... I'm suggesting to those who already have XRPs and have no immediate plans to use them that they can cash out of those XRPs to buy bitcoins. I'm not sure how that can be interpreted as "shilling" for Ripple. This introduces one way to take advantage of a declining BTC/USD exchange rate by those who otherwise have no funds at-the-ready to buy bitcoins today. |
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Many people are sitting on XRP funds they received for free, without realizing that these funds can today be used to buy bitcoins. These XRPs sitting in your Ripple account (wallet) can easily be sent to a Ripple gateway (like BITSTAMP) and from there used to buy bitcoins. Or now with Ripple's "Bitcoin Bridge" it is even simpler to cash out your XRPs into bitcoin! - http://gigaom.com/2013/07/02/ripple-allows-payments-to-any-bitcoin-address-straight-from-its-client - https://ripple.com/blog/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accountsFor many of us it should be like reaching into the back of the couch and finding a $20 (the value, roughly, of 1,000 XRP)! A few who were earlier in the Ripple freebie giveaways got many, many thousands of XRPs -- which are now worth many bitcoins! And if you don't yet have any XRPs, ... Ripple has more giveaways every so often. SnapSwap.us is a Ripple gateway that will give out 1,000 XRP for anyone who links their bank account. |
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especially combining it with Crowdfunding
It's too bad that Crowdfunding is a term that covers both types ... donation-based crowdfunding and equity crowdfunding. Because the two couldn't have more different properties. Donation-based crowdfunding needs Bitcoin like McDonalds needs Bitcoin (i.e., it doesn't, and if it did start using Bitcoin neither Bitcoin nor that service would necessarily notice much difference). Equity crowdfunding using bitcoins, .. well, now you are disrupting not just an industry, but dozens of industries. Radical cost savings and an immense increase in opportunities opens up. Unfortunately ... with the exception of a handful of people, the world just isn't able to digest this just yet. It will come. It won't be pretty (as those being disrupted happen to be those who hold the power today) but it will come. |
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Hello, i think asics are devaluating bitcoin and will continue to do so because they are extremely cost efficient (i mean electricity per gh).
You are making the classic mistake in thinking that in crypto coins that the cost of production has anything to do with the market price. If there was no limit as to how many bitcoins could be mined, you would have a point. Production would increase, and the flood of additional bitcoins would suppress the exchange rate until mining no longer is lucrative -- and an equilibrium would be reached. But with mining, difficulty adjusts and thus no matter how much additional mining capacity comes online, roughly the same amount of bitcoins are produced day after day. So the amount of mining occurring (hashing capacity) doesn't drive the price, but instead is simply a reaction to price. Because of how efficient ASIC mining hardware is, the cost of electricity is a trivially low percent of the mining revenue. This contrasts how with GPUs the cost of electricity does now (... or soon will) exceed the revenue. So ASIC has (or will) demolished the profitability when mining using GPUs, but it has little to do with the exchange rate. (other than, perhaps, miners investing their coins to buy ASIC hardware, and in turn ASIC hardware vendors flooding the market with coins when cashing them out for R&D and manufacturing costs.) |
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however if it's now impossible to state anything negative towards btc
Ugghhh ... FFS. This thread is in the BITCOIN DISCUSSION board. If this thread is not about Bitcoin but instead is about Bitcoin vs. alt coins, then the thread should be moved to the altcoin board. Or off to wherever alt coin conversation should occur. But if the argument is that ASICs are killing BTC, then why would Litecoin or Ripple or anything alt-related have any relevance here? |
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“We recognized that there was not an easy way to gain Bitcoin exposure, so we’re trying to creating a simple solution,” Tyler Winklevoss said in an e-mailed statement. That's the whole deal, pure and simple. They are aware that the effort to buy and hold bitcoins today is much too difficult, and could be simplified. An ETF does that. Also, they might have added ... if the U.S. banking system didn't suck so bad (high bank wire fees, slow transfer, anti-fraud holds, bank holidays, etc.) then there would be less of a reason for this ETF to exist. But it is what it is, so there is room for an ETF. |
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