I really hope we don't break the all-time high today. It'll be much more amusing/exciting if it happens at the 11th hour tomorrow  lol Man Adam I didn't think you were going to make it but your bet is looking pretty good right now isn't it? 50cents away, ~26hours to go, exciting! 35cents maybe but $600.000. Guess somebody else has a bet, too. |
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Short downtime because of network issues. Our network engineers is still checking on the root cause of the issue.
Thanks for your feedback. We implemented some of your suggestions.
Changelog:
Give feedback: Option to set order status to received display error fix
Item footer: 15000 chars allowed instead of 3000
Message Inbox/Outbox: Msgs can be opened in a new tab/window
Message Inbox/Outbox: Delete multiple messages at once
NSFW item thumbnails are censored when user is not logged in.
Please remember that it is NOT allowed to post digital goods for which you do not own the copyright.
I kind of feel like I should charge you for doing your Q&A: While open in new tab technically does work now (thanx), middle mouse button to open in new tab does not work as it both opens in new tab and in the current tab. Depending on the selected zoom level (both >100% and <100%) the am and pm in the date column wraps to the next line making the inbox ugly. Also the start of the message being displayed after the subject wraps to the next line sometimes. Having messages with one and two lines is ugly. Better make them all two lines if all one line is not an option. In other places you have a nice mouse over to show more. That should do the trick here, too. "select all" is missing. "mark as read" is missing. (nice single item ajax deleting by the way  I like a lot of the ajax you do but I guess I would do stuff in this case in bulk to reduce server load.) Edit: "Show completed orders which are older as 7 days" as->than. Also as said before please take the completed date and not the order date to decide. For my taste it could work completely without date and just hide the completed orders. Normally completed orders don't require action (apart from rating the transaction but that could make them non-completed, too). |
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I used to see a list of diverse online sellers before but now some seller r3365 has posted so many sell entries that I can only see his. And it is impossible to get past them or ignore them to see anyone else's.
Can we have an ignore button for spammers?
I know I repeat myself but can we have a minimini listing fee in return for a reduced escrow fee? This would affect me as I don't escrow ever but it would keep spammers under control. |
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Why doesn't the wall go away??
Because there aren't enough people buying, volumes are quite low compared to last couple of months. These are weekly bars. #1 is volume in ɃɃ and #2 is volume in $$. As always the last bar is worth shit as it represents anything but one week (I had asked bitcoincharts.com to do something about that but I couldn't convince them  ). Anyway I see the market is getting hotter in terms of $$.   |
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Couple of players are trying hard at suppressing the rally I think.
Media will cry bubble if we climb from $13 to over the high in a couple weeks... so take a pause @ 29-30ish for a bit before breaking it, show some "stability"
this! The recent price increase definitely helped getting Bitcoin on the radar of many new people and businesses but 20% gain per week is not sustainable for very long and some stability now would no doubt be good for Bitcoin. … but with 20% per week, i almost could retire  If I can remember march 2012, price oscilatedaround $5 ... now looks like it will oscilate around $30 ... am I right 30/5 = 6 ? 30/5=6, yes. 1.2^50=9100 not 6. How can I accept this poor performance of 6!!1!!??? But it was only 11 months. 1.2^11 = 7.43008370688 Still 6 is horrible. Read again. "20% per week" If 600% per year is sustainable? Pretty much yes, sir. At least until we have a market cap of one month of QE3, definitely. That would be … 40.000.000.000 / 350.000.000 = 114 … 6^x=114 … x=almost 3 years. You may well explain to me why 40G$ should be a good reason to stop growth of the bitcoin economy that by then would still be only 40G/5.000G=0.8% of the worlds money supply for a world supply of bitcoin. I see network effects accelerate growth and the crash of the dollar work in favor of these figures. If our pet project survives such 3 years there is definitely room for another such 3 years. Bitcoin will not stagnate. It will burn or fly high. |
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I would appreciate if you could avoid having NSFW content visible in the main listings. At least the images should not be NSFW.
The seller should have a NSFW-pix checkbox and you should punish if they don't use it. If I'm not logged in, I want to not directly see these pix. If I am logged in I want to be able to opt in.
I try to sell bitmit to shop owners and I feel a bit weird sending them to a page that might be full of dildos and vaginas to decide if that's a good ambiance to send his clients to purchase his yogi-tea.
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Couple of players are trying hard at suppressing the rally I think.
Media will cry bubble if we climb from $13 to over the high in a couple weeks... so take a pause @ 29-30ish for a bit before breaking it, show some "stability"
this! The recent price increase definitely helped getting Bitcoin on the radar of many new people and businesses but 20% gain per week is not sustainable for very long and some stability now would no doubt be good for Bitcoin. … but with 20% per week, i almost could retire If I can remember march 2012, price oscilatedaround $5 ... now looks like it will oscilate around $30 ... am I right 30/5 = 6 ? 30/5=6, yes. 1.2^50=9100 not 6. How can I accept this poor performance of 6!!1!!??? |
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Update:
- Give feedback form: Checkbox to set order status to received / release Coins
You might want to undo or fix your update. I have this checkbox not only for sellers but also for all buyers. I would test if this works but I don't want to look like hacking money out of escrow although I would like to know escrow works 100%. I had in my "feedback" (which is a confusing name btw.) in this order: buyer, seller, buyer, buyer, buyer and all except the first had the checkbox. Rather than releasing the escrow on the rate trade page, I would love to see some grouping so I can do all at once. It's a bit ridiculous to rate silverman 5 times for a shipping of 5 items that he paid one shipping for but in 5 transactions and that generated 5 messages "payment in escrow" and 5 messages "money released from escrow" when opening messages in new tab does not work (I would middle mous click all of them) and there is no checkbox to mark stuff as read. I actually will live with your page constantly showing me the star next to the envelope symbol as it is just too much work to mark redundant notifications as read. Yet another thing: One buyer got his gold coin after 2 weeks. He released the bitcoins from escrow and this notification directly went to the archive (+ Show completed orders which are older as 7 days) |
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Couple of players are trying hard at suppressing the rally I think.
Media will cry bubble if we climb from $13 to over the high in a couple weeks... so take a pause @ 29-30ish for a bit before breaking it, show some "stability"
this! The recent price increase definitely helped getting Bitcoin on the radar of many new people and businesses but 20% gain per week is not sustainable for very long and some stability now would no doubt be good for Bitcoin. … but with 20% per week, i almost could retire |
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I read the OP and BCH sounds like hosted wallet to me. The hosted wallet used by the reddit bot allows people to send bitcoin off the chain. If now gmail also had such a bot and the people running these bots were the same or agreed on an API, you could send from a@reddit to b@gmail off the block chain and in case these are two entities, they re-balance with one transaction per day or week.
Sure, this can and will be done (I programmed a facebook wallet that allowed you to accept it as a facebook app and then you could charge your balance via the block chain and send to other facebookers off the block chain. Simple didn't go life for lack of design and fear of getting hacked).
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I guess the penny bot is run by some merchant that wants to increase the $$ he gets by devaluing the ɃɃ's last trade by a small amount. Maybe several people trying to front-run the very predictable penny bot can close the spread a bit. For sure these front-runners would have an incentive to do so. No need for regulations from MtGox. There is a robot that executes very small trades apparently to astroturf the mtgox last trade price. My question is why would someone spend perfectly good money to do that?
... I was thinking there would be a service by now that one could pay and it would attempt to raise the best bid. Maybe someone has done this and that's what you are seeing. I get your point, but this penny bot looks to me like it's making the last trade look as low as possible. I just can't think of a situation where this would be good for someone. After some thought, maybe this is Satoshi Dice keeping their BTC exposure to a minimum in real time. If so, pretty cool demonstration of the technology. The lesson is - don't use last price. It is a bad indicator of the current value for several reasons, this being one of them. Much better is to take some value (e.g. 100 BTC), see how much it costs to buy 100 BTC with the current depth table, how much is obtained by selling 100 BTC, and take the average. Oh, how I wish this was used more. |
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If you think its a low volume day you are mistaken. Usually a low volume day is a signal for a storm; same day midnight or next day. Be ready and don't forget to fasten your seatbelt  The "day" just started 18 minutes ago. Gnah! I asked them to add an extra striped semi invisible bar that represents the last 24h instead of this ridiculous calender day thingy they have now. This last bar is just worthless now. |
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Well, it's a low volume day:  So even if there is an iceberg at 30.40, it is not the kind that will suddenly rise and crash the price. Hey! Liquidity everyone! |
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I wonder what the business model is though. As said on other threads, these machines need maintenance and are not vandalism stable. You can't just put it near the toilets and forget about them. Most likely you would put them on the bar with the bar tender pulling cash out every now and then.
Ok, so now there is this machine. I own a bar in NH. Why would I want it? Commission is 1%. Turn over is $1000 per month (as long as I'm the only one in town) and the machine costs $2000 with internet and electricity? That would mean the commissions pay for it in 200 months? Which bar would do that now? Ok, in New York it would have a turn over of maybe $10k paying for itself if 2 years but which bar would believe that? Sure the makers of the BATM dream of selling thousands but I guess they are ahead of time with this. Either they pay bars to be allowed to put the machine there and earn the commissions or the bars are not ready for that yet.
The business model is to manufacture and sell machines to merchants. They can set the commission to whatever they want, and they keep it all. We are not looking to be a service provider. The motivation for us is to promote Bitcoin globally so our own investments in Bitcoin appreciate in value and, secondarily, to turn a profit on selling machines. The motivation for the merchant is to earn a continuous profit stream on the commissions. $2000 would be on the high end of the price range we would ask for the machine. We're thinking more in the $1000-1500 range. Electricity usage is minimal: it draws around 40 watts (most of which is for the screen backlight). It doesn't need a dedicated Internet connection; most places that would install this would already have Wi-Fi on site. We'll also have a 3G option, and that will of course have a monthly service fee from a cellular service provider. The initial target audience is retail establishments that already want to accept bitcoins from customers. Customers who inquire and learn about Bitcoin will naturally want to know where they can acquire them. Such merchants would love to be able to tell their Bitcoin-interested customers that they can purchase bitcoins on site from a machine. Such a feature would establish a repeat-customer loyalty for the merchant as well. $1000/mo. throughput would be ludicrously low. We put through almost $5500 just at Liberty Forum, which was one weekend. Granted, the Bitcoin adoption density at Liberty Forum is higher than anywhere else in the world (except maybe PorcFest), but adoption is increasing all the time. By the time these machines are ready for mass production, there will be areas with high enough adoption density to make a compelling business case for installing a machine in a high-traffic location. Ok so the liquidity would come from the bar running this machine, not from your service? That is a huge maintenance bonus. Ok so it is for places that accept bitcoins and want an easy answer to where to obtain bitcoins? Then maybe they set the fee to 10% just to offer some solution but not to attract people from a 200 miles radius to buy cheap coins. This way it makes sense to have it in a shop that accepts bitcoins although it is a bit artificial to buy the coins I'm intending to spend in the same shop where I could pay with $$ for x% less directly. Well, it's new so people will use it. So you take the $5.5k/week at Liberty Forum as a reference value with all the geeks and reporters that tried it out just to know what it was? And want to sell thousands? In Germany there is exactly one shop I know of that accepts bitcoin and I am almost 100% sure he is not getting $5.5k worth of bitcoins per month. I know in the USA there are some more shops, but thousands? To make a turnover of thousands each? No way. BitPay bragged about having sold their solution to n customers and days later they bragged about having processed 2n purchases. Sorry I don't remember what n was exactly but 2 purchases per webshop is exactly nothing and that's about what I would expect if you managed to bulk sell these BATMs to McDonalds for example. Having one in every major city, yes, that would work but not thousands. Not this year and maybe not next year neither. I hope you proof me wrong. |
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I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?
The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging. Ah ok, so it is the dying rate of GPUs. That makes sense. At least that was my experience with 4 out of 8 GPUs dying in 5 months. That's definitely not normal, what brand was your GPU? and were they overclocked? Not sure if anybody cares about this thread derailing from an original wall-observer-only-posts-with-pics now general bears-and-bulls-cheering-about-every-movement thread?!? I had 6850s. We sent two back once and got them replaced. That's where we decided overclock them less and two more died later. Maybe they were already damaged while overclocking. |
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Please support the sellers by providing the following: - Quick access to the list of items of each buyer. Below an order there should be links to all other orders of that buyer or better show all orders on one page with all information
- Picture and description of the item so I don't ship the wrong item
I'm currently preparing the shipping for 4 people that bought coins. Usually buyers buy more than one item as the shipping costs are in the order of magnitude of a cheaper coin. Usually they pay the full price of one coin+shipping and pay the other items without shipping. It is extremely inconvenient and time consuming to get things right when different people won different coins of the exact same type (Morgan Dollars 1891) to not confuse things. Therefore I would want to have a view where I see all items to be shipped to one buyer together with all communication (still visible which comment belongs to which item) and with the items full description and images. The buyer having to type in the shipping address for each order also seams weird. One of my buyers now confused First and Last Name in one of the addresses and of course they have to pay maybe 10 times which means 10 transaction fees if they do it with an app that is not capable to pay to many. Maybe at checkout the buyer should be given a "bill" where he can set checkboxes (item1, shipping1, item2, shipping2, … all set by default) and pay that bill instead of having to go through all of the items. Maybe allow the seller to define a shipping discount. Something simple would be define the x% of a shipping and the total gets rounded up. I could set my coins to be 10% of a shipping each. If somebody orders 11 coins bitmit would automatically know he has to pay 2 shippings. Now bitmit tells me about partially paid orders and 80% of my orders are only paid partially. Yes I know this is last paragraph is all quite complicated but it would really help to get a smoother trading experience on both sides. |
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Well, I just installed it and it ran into several ANR and out of battery and did not catch up the block chain in hours … ok, so it might get the balance straight from the start but still would have to check if the chain is a chain leading back to the genesis block, right?
It does at the moment but that's what we're going to fix next. That experience was pretty disastrous. Did you report the ANRs with the crash reporter? I reported it twice I guess. At least once. Oh, funny. With the ANRs I had I put it to a charger and it ran out of battery despite the fact it was connected and switched off. Now when I click on the bitcoin wallet button I get a toast saying App isn't installed.
The app isn't there at all? I don't know how that can happen unless you uninstalled it. What phone/version of Android is this? Well, I'm an Android dev, too, so yeah, I'm pretty surprised as well to say the least. If I uninstall an app, the app icon disappears from the launcher but that did not happen. The market told me it was uninstalled and when I clicked the launcher icon, it toasted the same. After istalling it again it was back with all the ANRs. I have a Defy that had Android 2.1 installed so I (ok, it was my brothers that almost bricked and finally did it after 10h) upgraded it to 4.1 AOKP. Also the blockchain is still 6 months behind despite the phone having been at the charger for hours. |
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I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?
The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging. Ah ok, so it is the dying rate of GPUs. That makes sense. At least that was my experience with 4 out of 8 GPUs dying in 5 months. |
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The miners operating margin took a hit after the block reward cut, perhaps some decided to call it a day. And who knows whats going on with the Asic's? I love blockchain.info's charts and Piuk just drew me a new one today but this particular chart I don't like at all as it makes too many assumptions. What is your mining eficiency (MH/J)? What is your electricity cost ($/J)? Do you heat with electricity anyway? |
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