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I have for sale a very lightly used Schuberth S2 motorcycle helmet. Size XL, color matte black. The helmet was used for a few months and has some very minor cosmetic flaws which are hardly noticeable. Amazingly comfortable, high quality materials. Only reason I'm selling is because I also own a Bell Star Carbon, and I'm a huge sucker for carbon fiber so I can't bring myself to get rid of that helmet. Hopefully there's some bitcoin/motorcycle lover out there in need of a new lid! Helmet's located in Long Beach, CA. Asking (shipped):    Thanks for looking! |
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I'm considering starting up selling these again/getting more produced if there's enough interest. Please respond to this thread if you'd buy one for sure. Price will be around $5 btc equivalent. Ladies and gentleman—the answer to your long-standing prayers has finally arrived. The first—the only— BITCOIN KEYCHAIN! Impress your friends, family, and co-workers with these custom-made keychains, perfect for yourself or the Bitcoin lover in your life. Constructed from high-quality PVC, these keychains are durable and attractive. In the words of one satisfied customer: "It may be just a keychain, but it's truly a piece of art..."  Use one as the perfect conversation starter for bringing those deep-pocketed friends into the Bitcoin economy, or simply throw one on your backpack or keyring and show support for your favorite decentralized digital currency. Keychain dimensions are 1.25" diameter and 1/8" thickness. All keychains include the chain and keyring. Price for one keychain, including shipping to the contiguous 48 states, is  . Shipping to international destinations will cost extra. Quantity discounts are available!To purchase, simply send me a PM with your shipping information. I will reply with my payment address, and get your keychain shipped ASAP upon receipt of payment.
Don't miss out on your chance to own perhaps the greatest rubberized representation of a digital currency ever concocted!
Feel free to post in this thread with any questions you might have. |
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CNBC just released an article about Bitcoin. The read is pretty good compared to most other articles and is fairly comprehensive for a short piece. http://www.cnbc.com/id/43823614 |
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Some inferences made:
Miners control the majority of Bitcoins and the large majority of people involved in the Bitcoin community are strictly Miners looking to exchange Bitcoins into $
As it is now, the infrastructural growth of Bitcoin is a lot slower than the growth based on the number of people attracted to Bitcoin through mining. In this case, the value of the Bitcoin is substantially inflated since it isn't backed by stability or businesses but instead by the mining community size. As mining difficulty increases and the speculation inflated prices which only temporarily keeps mining attractive decreases, the increase in difficulty exceeds profitability and miners cash-out, the value of Bitcoin is going to substantially drop to meet the infrastructural value, which is considerably less.
A further issue that I see occurring is *if* this miner cash-out does occur, the high number, low value of Bitcoins congregate towards smaller groups of people, i.e., optimistic speculators, thereby further reducing the usability and value of Bitcoins. This makes rebounding considerably harder since the influx of new users will end up with a disproportionately less amount of currency compared to the people left from previous crashes.
Right now there are way too many people and not enough businesses to justify 6.6 million Bitcoins being at an exchange rate $16-17 per. Right now the great majority of value in Bitcoin resides in the ability to exchange it for $s and speculation.
We obviously need entrepreneurs, i.e., the people with lots of Bitcoins/Money/Connections/Programming ability to start up more Bitcoin related businesses so that infrastructural growth somewhat keeps up with popular exchange inflation. If the disparity between the two reaches some critical point where the people start moving away from Bitcoin, i.e. mining costs exceed profits, we will see more large crashes, such as the $30->$10 which occurred in just a few days, to come. If the parity increases to such a point where the difference in growth is in orders of magnitude, the proceeding crash may just set the entire market back.
"The Important Things to Take Away"
What we need right now is developers to make some very very user friendly sites, i.e. something in the likeness of Ebay in combination with escrow service that provides both buyer and seller protection (since Bitcoin makes punishing scammers considerably harder). Once people have a concrete and reasonably safe place to sell and exchange individual goods, we will see more large legitimate businesses spring up, where escrows will not be necessary for them and quality control and reputation will prevent the majority of scamming.
I'd like too but I neither have the money nor the programming experience or connections to pursue such an endeavor. Although I would greatly enjoy providing a developer with ideas.
People pay for convenience and safety! Right now Bitcoin is heading towards being a transaction based currency with no reasonable means of transacting.
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Are miners holding too much of the Bitcoin economy? Some inferences made:
1) Miners control the majority of Bitcoins
2) The large majority of people involved in the Bitcoin community are strictly Miners looking to exchange Bitcoins into $
3) As difficulty goes up Miners lose incentive to mine as costs catch up with profits
As I see it now, the infrastructural growth of Bitcoin is a lot slower than the growth based on the number of people attracted to Bitcoin through mining. In this case, the value of the Bitcoin is substantially inflated since it isn't backed by stability or businesses but instead by the mining community size. As mining difficulty increases, and speculation inflated prices only temporarily keeping mining attractive, when the increase in difficulty exceeds profitability and miners cash-out, the value of Bitcoin is going to substantially drop to meet the infrastructural value, which is considerably less.
A further issue that I see occurring is *if* this miner cash-out does occur, the high number, low value of Bitcoins congregate towards smaller groups of people, i.e., optimistic speculators, thereby further reducing the usability and value of Bitcoins. This makes rebounding considerably harder since the influx of new users will end up with a disproportionately less amount of currency compared to the people left from previous crashes.
Right now there are way too many people and not enough businesses to justify 6.6 million Bitcoins being at an exchange rate $16-17 per. Right now the great majority of value in Bitcoin resides in the ability to exchange it for $s.
I think we need angel investors and entrepreneurs, i.e., the people with lots of Bitcoins/Money/Connections to start up more Bitcoin related businesses so that infrastructural growth somewhat keeps up with popular exchange inflation. If the disparity between the two reaches some critical point where the people start moving away from Bitcoin, i.e. mining costs exceed profits, we will see more large crashes, such as the $30->$10 which occurred in just a few days, to come. If the parity increases to such a point where the difference in growth is in orders of magnitude, the proceeding crash may just set the entire market back.
What we need right now is developers to make some very very user friendly sites, i.e. something in the likeness of Ebay in combination with escrow that provides both buyer and seller protection (since Bitcoin makes punishing scammers considerably harder). Once people have concrete and reasonably safe place to sell and exchange individual goods, we will see more large legitimate businesses spring up, where escrows will not be necessary for them and quality control will prevent scamming.
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It seems that one advantage of MtGox's downtime is that many users are shifting over to other exchanges. TradeHill has a trade volume of almost 6800 today and Bitcoin7 and BitcoinMarket are also growing in size. A more evenly distributed exchanges reduces the risk of what happened earlier this week with MtGox.
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Ok, so I just got my confirmation email saying they have accepted my claim request.
The information I sent them included:
-Dwolla ID#
-IP when account created/Most commonly used IP
-Account Balance
*Side note*
For people who only put in Bitcoins from mining and have not withdrawn from MtGox. I suggest you included Bitcoin Deposit Address, i.e. the wallet address you used to send them the Bitcoins, to confirm.
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So we got some shiny new sub-forums.
I think we should start using them now. And for people who want to have their threads moved, i.e., pool threads, other miner threads, ask a mod to move it over there so we can make it easier for everyone to filter through content.
Also people who need help should start probably using the Mining support sub-forum.
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With the recent hype of Bitcoin over the SilkRoad fiasco and Senator Schumer and pals. I feel that we going away from actual growth discussion. A week ago most posts were about "debate the economics of bitcoin", "getting businesses to adopt bitcoin", and "Stories of people getting their grandmother and dog introduced into bitcoin".
The hype has increased the value of the Bitcoin but I think it has shifted actual infrastructural growth from what I said above to a lot speculation and day trading.
Discuss?
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http://www.chicagotribune.com/news/politics/sns-rt-us-financial-bitcoitre7573t3-20110608,0,6328122.storyMtGox and Bitcoin are completely legal! To all US citizens that support Bitcoins. Although Senator Schumer and Friends are helping the publicity of Bitcoins we still need to take action. Some of you just say "Whatever I doesn't matter they can't hurt Bitcoin, exchanges will always be replaced" but the core issue is that it SHOULDN'T have to be replaced. MtGox is a perfectly legal institution, Schumer is just fear mongering people and blowing things out of proportion by trying associate "Bitcoins directly with Drugs" even though Bitcoin is used for a lot more things. Although some of you don't agree with the illegality of drugs at least bare with me. Bitcoin =/= Illegal Drugs. Don't let them push some baloney bill to ban/limit the use of Bitcoins in the US. It is just a regrettable side effect of any money. It should be the governments job to work with people like Garzik to limit illegal drug trafficking not ban the entire currencies LEGAL use because they feel threatened because they don't understand it. If PayPal just happened to be used to buy drugs and the government didn't bother to work with them to stop it, but instead just decided to stomp PayPal out we would think that is ridiculous. http://www.cbsnews.com/8301-504943_162-20069780-10391715.htmlI don't know what lobbyist pay Schumer and Friends but this is obviously just some strong arming against Bitcoin. Show them how level headed, passionate, and large our community is and why what we do is a good thing. SEND EMAILS, SNAIL MAIL, and PHONE CALLS (preferably snail mail and phone calls but anything is better than nothing) to your local Senators and Representatives to Schumer and to the Attorney General explaining to them the ridiculousness of what they are doing right now. It violates the fundamental values of capitalism and democracy. http://schumer.senate.gov/new_website/contact.cfmhttp://manchin.senate.gov/public/index.cfm/contact-form
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Moved to Discussion Board Please Delete.
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