Oh NO! Ready your suicide pills! |
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Remember, bitcoin exchanges are one of the hardest business to be in. The fatality rate is around 45 percent, and the average lifespan of a bitcoin exchange is about a year.
Sounds like the restaurant business. That is one market I avoid investing in at all. |
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We already have one US exchangers no one seems to be using - campbx.com (1% volume of gox).
Problem is who knows when it will pull a "bitfloor" or ZhouTonged when it gains popularity, I would put money at a company that has VC support (coinbase, coinlab). They are less likely to have their bank account banned for playing exchange as a teenager, or get hacked due to lack of technical expertise. Agreed. For me a legitimate exchange must be insured or bonded and be licensed as a money transmitter. FinCen has already stated that exchanges are going to need this. Any new startups that think they can avoid such regulation are not going to survive. It sucks to see guys who deserve credit get none. CampBX.com is one of the only exchanges to never be hacked, as far as I know. They made security part of their image from day 1. They seem to be the epitome of responsibility and honesty? They have been around now for what over a year? Without a single incident. As for regulation the FinCEN guidance is taking the entire Bitcoin community a while to digest, at least those based out of the US. It's true that I had forgotten about CampBX. I will have to take another look at them. Hopefully they are working on becoming a transmitter. Oh, and +1 to Proudhorn's comment. |
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I don't know; of course. But I am loading up with dollars just in case.
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We already have one US exchangers no one seems to be using - campbx.com (1% volume of gox).
Problem is who knows when it will pull a "bitfloor" or ZhouTonged when it gains popularity, I would put money at a company that has VC support (coinbase, coinlab). They are less likely to have their bank account banned for playing exchange as a teenager, or get hacked due to lack of technical expertise. Agreed. For me a legitimate exchange must be insured or bonded and be licensed as a money transmitter. FinCen has already stated that exchanges are going to need this. Any new startups that think they can avoid such regulation are not going to survive. |
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I think your right. I would like to give my business to a legal U.S. company. I suppose taking MtGox's U.S. orders would have given them a revenue stream from opening day. But just opening their own exchange could bring in customers very quickly. This economy is itching for a licensed and bonded/insured money transmitter to explode onto the market.
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I'm just watching. One day there will be bitcoin ATMs. Someone serious is going to develop a safe, cheap, and legal machine and make a fortune. I stand ready to provide capitol, but you are going to have to have a business plan that takes into account the regulation that will come.
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No. $USD are the narco-currency of choice. Almost all the drugs sold in America are sold in $USD.
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I have seen some speculate that mining empty blocks could be some kind of attack vector. I don't really understand it well enough to explain, but creating a fork of empty blocks is easier that full blocks.
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That's the problem this is really not a 'commodity' or even a 'currency'..... its a collectible that people are trying to use as a commodity and currency.
Just like any other collectible it has value and its value is based on what someone will pay for it.
I would say it is a commodity, a currency and a collectible. with bitcoin you can do anything you can do with money and more. Collect it, speculate with it, use it for purchases, whatever. |
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Before you say bitcoin has failed, first you must define what a success would be for bitcoin...
You make some very red points there. We have a winner!  |
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I have not tried all the clients out there, but you should find a setting for adding a transaction fee. If you set that to the desired amount it will add it to future transactions. Without the fee it is still likely that someone will add it to the blockchain eventually.
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This thread belongs to Speculation subforum  It should be locked since the exact same thread is already in that subforum. Op, stop spam-fuding the forums. You know not everyone is aware of this sub-forum, just informing newcomers of an opportunity to buy or reduce their losses. However i believe it will dip more over the coming days. That's cool. I just think we can get by with one post, in either of the subforums. Multiple identical posts is kinda spamy IMO. |
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I see by your responses that a lot of you are not panic selling. Your sensible and rational approach is ruining bitcoin for me! Can't you panic a little? A guy on the internet is saying sell and crash. He is using all caps. You should be crying and covered in sweat as you pound on the sell button. |
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I find the blue font color lends a lot of credibility to this argument. Only a counter argument in a red font could convince me otherwise.
Second. And well said. +1 Could everyone else spare an extra internet for RodeoX? lol, thanks. You will get an invite when my private internet is done.  |
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It is possible that miners will not care to include your transaction in the block.
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This thread belongs to Speculation subforum It should be locked since the exact same thread is already in that subforum. Op, stop spam-fuding the forums. |
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I find the blue font color lends a lot of credibility to this argument. Only a counter argument in a red font could convince me otherwise.
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