ronaldmaustin's post about banned items on eBay is a great place to start thinking about what else could be sold there.
I'm surprised someone hasn't yet offered a service to buy people's numbers for PowerBall or other state lottery. e.g. http://www.powerball.comI don't play personally, but would be thrilled to see Bitcoin help clear the line in front of me at the convenience store. |
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Before bidding on an auction, I check the seller's feedback. If there is positive feedback and no negative feedback, I feel comfortable placing a bid. Unfortunately, that simple act of due diligence appears to not have been enough. I won and have paid for two of the auctions from a seller who previously had a perfect positive feedback history, but I haven't received either item. The seller acknowledged payment received but my subsequent inquiry has received no response. I've found that another bidder has since filed negative feedback for the seller as well. Unfortunately, at the moment the auction site is currently having trouble where I cannot even post feedback on the transaction. BiddingPond v2 is weeks away, apparently, so I'm assuming this is a temporary inconvenience? http://biddingpond.com/viewnew.php?id=5The lesson I learned, however, is that even with a seller who has a favorable feedback, paying using an anonymous digital currency requires a different mindset entirely. There would have been no cost, and just a very minor inconvenience to me if I were to have used ClearCoin escrow for my purchase. Next time, I'm using ClearCoin. http://www.ClearCoin.com |
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Eventually a botnet or two was bound to connect, see how poorly CPU mining pays, and disconnect.  If it were a lab w/ 14,000 X 5 Mhash/s intel cpus even, that would be 70 Ghash/s. The linear chart shows a moderate impact to the network hashing total.  http://bitcoin.sipa.be/speed-lin.png |
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is this a trend that will continue?
Personally, I consider Bitcoin's short term fluctuations on the exchanges to be of little significance. I know that all bitcoins issued as-of today total 5.61 million BTCs. I know that in January 2012, there will be about 8 million BTCs and that in January 2013 there will be about 10.5 mllion BTCs. If bitcoin continues to emerge as the leading digital currency, will the entire currency issued need to be more than $10 million USD worth by January 2013 to support the demand? I can't see how it cannot be. And if that were to happen, each BTC would then be worth more than it is today. Only if you hold on to your bitcoins now will you still have them to sell at levels significantly higher than where Bitcoin trades today. |
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The only question remains how to track it and prove it for the participants, but with all the coding experts in the forum, this should not be a problem..?
I'ld love to see BTC/USD added in OpenBook: http://openbook.etoro.comCurrencies / Commodities / Indices: http://openbook.etoro.com/InstrumentsRankings: http://openbook.etoro.com/Rankings[Edit: From the FAQ http://openbook.etoro.com/faq.aspx : "You can login and enjoy OpenBook as a Practice Account user. However, trading activity and profiles are only displayed for real traders." I see that this is only for real trades, not the mock trades from the practice accounts. So for now, just a dream.] |
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1) there is not an awareness of market demand for decentralized p2p digital currency;
At some point, there will be ...  http://bit.ly/bitcoinnodes |
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Now imagine that phpbb vbulletin and the ilk got plugins for donation based ranks. What better promotional tool for bitcoin can anyone want?
Imagine using the pro version of http://witcoin.com (ie.., your own category, with a custom domain .. e.g., forum.bitcoin.org ) instead of vbulletin / smf /etc. Would that be close enough? |
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Recent global economic woes have combined with the continued rise of alternative payment methods to finally mount a serious threat to the traditional credit card.
From a merchant’s perspective, the cost of accepting credit cards — and the associated hidden fees — can make accepting payments online prohibitively expensive. Clearly it’s easy to see why credit-based products that were designed from the beginning for the online experience are rapidly gaining market share. http://mashable.com/2011/03/02/credit-card-decline/hat tip to Jon Matonis @jonmatonis on Twitter |
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* market depth chart
Example:  [Note - image manually resized and cropped to be forum friendly] * larger charts that autoresize to fit the window
I like! One question ... what does the "Enlarge" checkbox do then? |
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The Week In Bitcoin - Feb 28 through Mar 6, 2011. Sunday Mar 6th, 2011- Next difficulty estimate, 78K, up over 40% since the last adjustment.
Daily growth rate accelerating: http://bitcoin.sipa.be/growth.png - Blog and press mentions:
- Zorinaq - mrb's blog - The Bitcoin Cryptocurrency
- "Something that is so cleverly designed, so profoundly unique, and such a polarizing concept, that when people first hear about it, they either dismiss it as something that could never work, or instantly grasp its immense potential"
- http://blog.zorinaq.com/?e=49 - - The Bitcoin Report - Bitcoin top 100 'Rich List' 6th March 2011:
- At least 100 wallets contain at least 5,000 BTC. Also, a dozen w/10,000 BTC exactly.
- http://bitcoinreport.blogspot.com
Saturday Mar 5th, 2011Friday Mar 4th, 2011Thursday Mar 3rd, 2011Wednesday Mar 2nd, 2011Tuesday, Mar 1st, 2011Monday, Feb 28th, 2011Current week (updated throughout each day): http://www.bitcoinnews.comPrevious weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNewsEach day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well. |
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