These sorts of sites are all HYIPs (High Yield Investment Programs) which are ponzis.

They started in the days of e-gold, now they're in bitcoin.

They'll run for awhile, pay out early investors with later ones (classic, textbook model).

If you think you can get out the door before the hammer falls, go for it (but that's the model).

Eventually they all go down the tubes (and "eventually" usually comes sooner than you expect).

They also attract DDoS attacks like nobody's business.

easyDNS - one of only 2 ICANN accredited registrars that accepts bitcoins and the ONLY anycast deployed DNS provider that does has been offering a 15% discount on all payments made with bitcoin. Basically means you earn a 15% premium on your BTC.

They're still in pre-launch now, but I'm told http://incognit.io will be launching soon-ish and bitcoin will be the only payment method.

This is The System Of The World.

It lays out in logical frankness how the various layers of the facade we call “democracy” and “free markets” interoperate and together create a grotesque caricature of the ideals they purport to serve and keep us all enslaved.

Join me on a trip through The System.

http://wealth.net/2013/09/18/infographic-the-system-of-the-world/

Yeah, as I posted it I was wondering if there was enough of a demand to make it worth somebody's time to offer that as a service.

Thanks for the info.

Looks like the miners fee was 0.001 BTC on a 6BTC transaction.

The estimated confirmation time has gone from 12 minutes to 20 minutes, I guess that is transactions with higher fees being jumped?

I sent some BTC out from blockchain over an hour ago and realize that maybe I didn't set the miner's fee (for some reason I thought blockchain automagically scaled in a miner's fee because I've never had this problem before).

Can I after-the-fact find a miner willing to confirm it? Pay him a small fee for doing so?

Anything like that exist?

Thank you, it's interesting you said that because we were coming at it from opposed views on Gresham's Law (although your response gave me pause, like  that awkward moment when you realize "I've got it backwards again" kind of pause)

Don't get me wrong, anybody who knows me or followed my writings on bitcoin on wealth.net knows I'm a huge advocate of crypto-currencies, I think they are a true game-changer in terms of re-asserting liberty and free-market principles into an increasingly centrally planned economy.

In that sense, I'm a Believer.

But you also have to look at what's actually happening, and being a businessman who accepts bitcoin in a non-bitcoin business (meaning I'm not an exchange, I'm not selling mining rigs, etc) you get a certain vantage point on the market - how are the participants actually voting?

It's been quite interesting to watch. My biggest surprise was how many of my existing customers were already involved in bitcoin and using it to pay vs how many new customers came in because of bitcoin. Back in 2003-2004 when we were accepting e-gold, it was 0% former, 100% latter (I saw the problems inherent with e-gold and made it a point to out-exchange into physical coins as fast as it came in).

With bitcoin, it started out as nearly 80% former, 20% the latter and has only lately begun to reverse trend (only in the sense that word is getting out that we accept bitcoin, bringing in new customers who want to use it to pay)

I guess it comes down to whether you believe bitcoin is a better money than the fiat (which was my underlying assumption - because it's inelastic ) vs what you're saying - that it's not and people are utilizing the higher prices in bitcoin to capture the value by spending it.

To your point, I've been selling bitcoin this week and buying gold and silver (am I going to get ridiculed for admitting that on this board?) because I think the price has just gotten nuts (while gold and silver are at or near their points of maximum pessimism).

You know, I thought Gresham's Law was going to kick in too, especially on this latest run up.

Bit of background, at easyDNS we started accepting bitcoin in the spring of this year (making us one of only two ICANN accredited registrars who accept bitcoin and the only CIRA certified registrar in Canada who does).

As the price of bitcoin started rising I thought "aha, now we will see transaction volume fall accordingly" - why will people buy their services from us using ever increasing bitcoin?

As an example, we sponsor the Let's Talk Bitcoin podcast, we paid the first few months in USD, because we hadn't yet accumulated enough bitcoin to pay for a sponsorship. Then we switched to BTC as we started getting customers using it.

But a curious thing happened next, the price of bitcoin went over $400 or so, so when I finally met Adam Levine at Crypto-currency-con in Atlanta, I handed him a cheque for our next four months' sponsorship. We were back to using USD, and I literally said "Sorry Adam, I know you like bitcoin but this is Gresham's Law in action".

So on the latest spike, you would expect our transaction volume to fall off a cliff, right?

Wrong. Transaction volume is up, significantly.

So my working theory is because bitcoin is inelastic, the value is rising so fast that the deflationary effect hits some tipping point, offsetting Gresham's Law. There could be some "point" where people don't mind spending the stronger currency, because it takes so much less of it to purchase the desired good or service.

Thanks.

I went looking for the whitelist thread and from reading it, it appears as though I've been white listed already. My userid status is "Jr Member" and I seem to have the option to post in other forums now.

So thanks!

Looking forward to it.

Hi, not sure what to say here for my "newbie" post so that I can start participating in the wider discussions.

I'm the founder of easyDNS, one of only two ICANN accredited registrars that accept bitcoin. We're a sponsor of the LetsTalkBitcoin podcast and we have a few special projects around bitcoin in the works.

Bye for now.