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Just a quick bump for new Bitcoin Merchants looking to get the word out about their goods and services.
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Wouldn't it be marvelous if, when we were born, we would come preloaded with Hindsight 2.0.
Where the fucks the fun in that? "As far as regret, I think that's the sign of a well lived life. If I grew old without having regrets, I'd regret my caution." -Chuck Palahniuk  |
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I use smaller quantities for everyday goods from the various marketplaces.
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Are there any new meetups happening in the LA area soon? I'd like to get together and grab lunch and discuss bitcoins with some like-minded people.
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Didn't someone years ago say that Rock-n-Roll was just a fad? "I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm. He thinks that bigger players will enter the field and improve upon Bitcoin's weaknesses. Whatever other cryptocurrencies try to compete with bitcoin would have to have an equal or higher adoption rate to be successful. With all the news of VC, entrepreneurs and small business owners becoming entwined in bitcoin commerce, it's unlikely that anything will be even close to competing for the next decade (if ever). "People can buy things with Amex points. That's a real kind of currency that's created by American Express to allow them to have a greater piece of consumption that they otherwise wouldn't get," said Bremmer. Except that Amex points are simply icing on the cake; no one would've signed on for the service if they didn't need a credit card at all. His example is pretty poor. |
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Hey guys, I run a bitcoin directory over at http://www.bitcoincheddar.com. We have a very comprehensive list of vendors on the site, however what I'm more concerned about is user feedback about the merchants listed and also which ones are shady/scams. I'd like to keep the quality sites and remove the ones that users have had serious issues with in the past or are now defunct. We have close to 700 listings, and we're adding more every day, so as you can imagine it's going to take me quite a while to go through the backlog. I invite all of you to leave reviews of merchants and vendors you've visited before; if they've done a good job, then leave them a good review and let others know. If they didn't provide an adequate level of service, leave a review so they can try to fix it. If they've scammed you in the past or have malware on their site or whatever, drop me a line so I can keep an eye on them. Our directory is 100% free, so I'd appreciate it if you could get the word out to businesses and customers alike. If you're interested in cross-promotion for "Featured" space on our website, let me know and I can set something up. If you guys have any suggestions or questions, contact me on the site (or shoot me a PM here); also, feel free to add a listings that are missing to the site. |
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I'm going to go over the changes and re-write those portions of the FAQ.
Appreciate the feedback!
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Hey guys, I posted up a newbie FAQ for bitcoins on my site http://www.bitcoincheddar.com and I'm reposting here for feedback. I'd like to make sure that it's easy to understand and that I have the basics correct. If there's anything that the FAQ misses out on, explains improperly or just plain isn't clear, then please let me know. Thanks! FAQ
Q) What is a bitcoin?
A) A bitcoin is a form of decentralized digital currency developed by the pseudonymous programmer (or programmers, no one is really sure) going by the name “Satoshi Nakamoto”. It’s created and transfered by encryption protocols which both limit the amount of bitcoins that can be introduced into the market at any time and act as a verification mechanism to check previous transfers.
Q) Decentralized? What does that mean?
A) Bitcoins being decentralized means that there is no issuing authority for bitcoins. Unlike the US Dollar or the Japanese Yen, no government controls bitcoins, and so no government can create new bitcoins (unlike printing more USD or more Yen). This means that no one power can increase or decrease how many total bitcoins are in circulation.
Q) But if bitcoins are decentralized, and no one controls them, how more bitcoins enter the economy?
A) That’s the interesting part: Because bitcoins are based on cryptographic encryption for the creation, new bitcoins can be created (or ‘mined’) from ‘blocks’ (the encryption releasing the next set of bitcoins). The most basic way to put it is new bitcoins are made by solving computer puzzles.
Q) If all it takes is to solve a puzzle, how come bitcoins haven’t flooded the internet? Once you solve the encryption, it should make all of the other puzzles easy to solve!
A) Well, that would be the case if the difficulty of the encryption algorithm remained static, but Satoshi thought a little further than that. He designed the encryption so that every time it was solved and new bitcoins entered the market, the next block would be much more difficult to mine; this goes on ensuring that subsequent blocks become harder and harder to solve, acting as brake on the amount of bitcoins that can enter the market. The technicalities are beyond the scope of this primer, but if you’re interested you can get more info here.
Q) Ok, so I know how bitcoins enter the economy, how do they get transfered?
A) Bitcoins are transfered using your bitcoin wallet. Your wallet assigns a unique address that you can use to receive or transfer bitcoins. Programs that allow you to move bitcoins around will ask for the address of the recipient, so it’s easy to transfer. You can find more information about getting started with a wallet here.
Q) Ok, so I know a little about bitcoins now; how do I buy them?
A) The method will vary from exchange to exchange, but typically you’ll need to provide some sort of information, make a deposit to one of the exchanges and then purchase bitcoins. Depending on whether the exchange is real-time or fixed-rate, the cost of a bitcoin can vary. You can get started by taking a look at our real-time exchange list or our fixed-rate exchanges.
Q) I’m having a hard time deciding the right exchange to purchase bitcoins! Help!
A) Well, we can’t make any recommendations ourselves, but the good folks over in the Bitcointalk newbies section may be able to give you a hand. Of course, the Bitcoin subreddit is also fantastic for anyone with questions.
Q) So, I finally got my bitcoins. Where do I start spending them?
A) There are lots of vendors that accept bitcoins, whether you’re looking to buy electronics, pick up some new threads, go scuba diving, or just grab a sandwich, there’s a business for you. To get started, take a look at our comprehensive directory list at the top of the page.
Q) Where can I learn more about bitcoins?
A) Check our resource list at the bottom of the page. |
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Hey guys, I run http://www.bitcoincheddar.com, a bitcoin business directory. We have close to 700 listings and more incoming every day. Our aim is to be the most comprehensive directory website for bitcoin-related merchants and service providers. If you'd like to add your listing, feel free to visit the site. I manually approve new submissions for quality, so your listing may not be up immediately, but you can be certain that it'll be up the same day. I also invite all customers to leave feedback on the site regarding merchants they've dealt with; if the experience is good, let others know so the merchant can continue providing quality service. If the service wasn't quite up to par, leave a review so he knows to get his act together. Any feedback, suggestions or questions, feel free to drop me a PM here to contact me on the site. Thanks and looking forward to being part of the community! |
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