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1  Bitcoin / Project Development / Re: BitCams.com | Now accepting shares | MAY CONTAIN ADULT CONTENT on: June 27, 2011, 01:13:58 PM
Should i move to the Philippines and open a cam centre?  Grin

Actually not that silly of an idea. Tongue

2  Bitcoin / Project Development / Re: The Vault (Non-Fractional Reserve BTC Banking) on: June 27, 2011, 01:03:57 PM


2) Timed Deposit Accounts - This is basically you making a loan to the bank where you give them say 100 bitcoins and agree to not withdraw them for 30, 90 days or longer, and in exchange the bank pays you a rate of return relative to the amount of time the deposit is for (1 month - 2% 3, month 5%, 6 month 7% etc.), the bank then looks at various projects and people who need loans, determines which ones are benificial and have a good chance of succeeding and therefore paying back the loan,

I very seriously considered offering TD's (Term Deposits) back in late Jan when i first found out about BC and joined the forum...back when BC was about 0.80 cents to the USD...lucky for me i didn't because with the subsequent exchange rate blow out i would of been in big trouble having to come up with the USD to buy BC to cover the interest payments.
3  Bitcoin / Bitcoin Discussion / Re: Lots of ignorance on the board on: June 24, 2011, 03:03:13 PM
You can have mine...there's nothing in it.
4  Economy / Trading Discussion / Re: Bitcoin loans - technical how-to? on: March 25, 2011, 02:40:08 PM
P2P lending mite work, lenders apply directly (on-line) and lenders contribute to the pool...say someone wants to borrow 500 BTC, they state their case for needing the money and offer a interest rate and loan term etc, the 500BTC gets broken down into 20 blocks of 25BTC and investors spread there risk by only funding 1 or maybe 2 blocks per loan...over time the on-line loan app fills up with investors etc.
5  Economy / Economics / Re: Why CFD are restricted in USA ? on: March 07, 2011, 12:44:33 PM
CFD's mostly have margin built into them so its like super charged gambling...why they have not been accepted in the US is a total mystery to me, perhaps the market maker (bookie) aspect of CFD's makes them to much like a game of chance and not enough like a derivative....in Australia some CFD's are actually market traded just like stocks but because there has to be someone on the other side of the trade it hasn't been a roaring success.
6  Bitcoin / Development & Technical Discussion / Re: How do I know who paid me? on: March 07, 2011, 12:34:00 PM
Is there a solution to this problem?  Do I have to create a new address for every new order?

This is a good solution. The next step is automating it to remove the chance for errors and to reduce cost of generating addresses.

There's a cost to generate addresses?

I have a BTC based business idea that involves selling identically priced products en mass...its going to be very tiresome and time consuming documenting what address belongs to what client....some sort of message option on incoming coin would be great.
7  Economy / Economics / Re: WTH? why a sudden drop by 10 cents? on: March 06, 2011, 10:26:58 AM
The truth is we need more speculators. They would add cnsiderable liquidity, and make the price much more stable.

As soon as the price starts to rise to much too quickly they would sell, bringing it down. If the price falls too quickly by too much they buy, bringing it up.

We do need more speculators and liquidity....the problem then maybe that modern speculators tend to be trend following, day traders...they profit by buying into trends and then sell out as soon as that trend reverses or stalls, or sell at a certain percentage loss (usually 3 or 4%) if there entry was wrong...often this actually increases volatility as 1000s of day traders jump in and out of trends at roughly the same time.

I'm very much in 2 minds as to whether liquidity = stability.
8  Economy / Economics / Re: WTH? why a sudden drop by 10 cents? on: March 06, 2011, 12:50:04 AM
The sell side is starting to move the price down, it pretty much had to happen as fundamentally there are new BTC entering the economy all the time and some of that new money needs to be exchanged to cover the costs of production...the non trader types on the forum have to realise that the exchange rate can be very volatile as there is very little real need and thus demand for BTC.

until Bitcoin stabilises at least a bit, the demand won't grow, nobody wants to deal with a currency that fluctuates 10x more than stocks

Actually 10x fluctuations can look very attractive to traders as there is clearly opportunity for easy money, but from a mining point of view with its fixed costs etc its frustrating, miners in the real world are able to forward sell production and or enter currency hedging arrangements to smooth out the price volatility of the commodity they mine...BTC miners at the moment have no such luxury...and there's another opportunity for someone or a group of people hoarding BTC to set up a futures market so the miners can hedge a little production. 
9  Bitcoin / Bitcoin Discussion / Re: Targeted advertisement - Who would BitCoins appeal the most to? on: March 06, 2011, 12:29:31 AM
I can feel a bitcoin community split coming on...as the bitcoin phenomenon grows there is going to be alot of new people (like hazek and i) coming along with different ideas and views on how to get our hands on a few BTC....bitcoin has appeal to different people for different reasons, i also think bitcoin would appeal to some gamers but not in a mining (grinding way) thou some may like that aspect of it. i reckon bitcoin and the community has a kinda role play aspect that would appeal to some role play gamers...especially once nefario gets the stock (black Roll Eyes market up and running.

   
10  Economy / Economics / Re: WTH? why a sudden drop by 10 cents? on: March 06, 2011, 12:07:09 AM
The sell side is starting to move the price down, it pretty much had to happen as fundamentally there are new BTC entering the economy all the time and some of that new money needs to be exchanged to cover the costs of production...the non trader types on the forum have to realise that the exchange rate can be very volatile as there is very little real need and thus demand for BTC.
11  Bitcoin / Development & Technical Discussion / Re: Bitcoin "From" address, can i change it? on: March 05, 2011, 11:13:10 AM
So if i had 3 people send me 50 BTC each at the same time...i cant tell which 50 came from which person.?
12  Bitcoin / Bitcoin Discussion / Re: How to grow the Bitcoin idea? on: March 04, 2011, 04:36:30 PM
without realizing that gold itself is not backed by anything either.

Anyway, all I'm saying is that sometimes it's hard to convince non-geek gold-worshipers of the advantages of bitcoins.

I don't want to side track this thread but Gold is rare and peak gold production was in 2001/2003...world production is in decline despite world record prices = good fundamentals.
13  Bitcoin / Bitcoin Discussion / Re: How to grow the Bitcoin idea? on: March 04, 2011, 04:16:19 PM
It seems to me that Bitcoin has passed the point where it needs promotion. It is now growing from its own momentum. Enjoy the ride!

I agree BC has momentum, but big picture its still very much a non event....a going concern worth around 5 mill USD is almost nothing...its like 6 nice houses in Sydney.

We're still in the early days of growth. For example, the forum achieved a sustained posting rate of 700ish for 4 days. That never happened before.

I've been around here for about 5 or 6 days and can see what's happening, the forum numbers are impressive...i found this site via a contrarian investment commentary blog (cant remember which one now) so there is some somewhat "mainstream" interest....problem is that from a fundamentalist investment viewpoint the BC economy is almost non existent....the only market worth trading is LR(USD)/BTC and even that is very suspect.

And i get the feeling that the Anarchist community don't like currency speculators...again fundamentally this could cause some problems down the road as i suspect that the bulk of the hoarders are anarchists?
14  Bitcoin / Bitcoin Discussion / Re: How to grow the Bitcoin idea? on: March 04, 2011, 03:55:37 PM
It seems to me that Bitcoin has passed the point where it needs promotion. It is now growing from its own momentum. Enjoy the ride!

I agree BC has momentum, but big picture its still very much a non event....a going concern worth around 5 mill USD is almost nothing...its like 6 nice houses in Sydney.
15  Bitcoin / Bitcoin Discussion / Re: How to grow the Bitcoin idea? on: March 04, 2011, 03:48:40 PM
I suppose one alternative market for BTC is "American refugee's" these people tend to be older Americans with strong Republican leanings, politically right wing with somewhat extremist views, they are also often gun nuts and they don't want the socialist Obama Govt to know what there doing...i tend to bump into them on alternative retirement forums (Panama and the Philippines) don't know how they would take the anarchist thing though?  Undecided these guys tend not to be too tolerant and accepting.

Maybe Bitcoin needs a spokes person or 2 to do promotional (forum) work?
16  Economy / Marketplace / Re: [WTB] Bitcoin car sticker on: March 04, 2011, 03:32:50 PM
Is someone doing a bitcoin T-shirt?
17  Economy / Marketplace / Re: Investors for bitcoin stock market and credit rating agrency, dev started! on: March 04, 2011, 02:26:34 PM
The working title of our stock market platform is BlackMarket.

Why not something like "Bitcoin Stock Exchange" (BSE) or "Bitcoin Exchange: Stocks & Trades" (BEST)? People who think they do legitimate business will not want to associate with an entity named BlackMarket, imho. And really, it's the uncorrupted White Market.

Agree....it just sounds weird to be trying to drum up support for your listing on the Blackmarket.

Have a naming comp or something.
18  Economy / Marketplace / Re: I need a company name (30 BTC to the winner) on: March 04, 2011, 12:25:24 PM
Cerustnet
Cerusted
19  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: March 01, 2011, 12:15:02 PM
I think that since QE2, many people are trying to protect their wealth by selling dollars. Maybe that's why bitcoins have increased its price so much.

Panic selling the USD for BTC  Cheesy i doubt it...IMO the current exchange rate is the result of speculation and hoarding, there's 5 million BTC out there yet only a fraction of that gets turned over at exchanges, just look at today's MtGox spread, High:0.97Low: 0.845 with that sort of volatility the exchange rate could go anywhere.

---------------

I'm sure there's a reason why MtGox doesn't have USD accounts? i mean why the muck around with liberty reserve?
20  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 28, 2011, 12:24:36 PM
Sorry guys...i meant setting up shop as a CFD (or similar) provider in the BC world, offering a way for BC speculators and investors to hedge or simply punt on BTC/USD movements....no FSA requirements would be relevant i would think as all transactions would be in BTC.

Or am i missing something  Huh
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