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I received the following contact via one of my businesses and would like any input into the validity of this. I would like to do the survey but I hate getting pwned. EDIT: I just completed the survey. The site appears legit and I couldn't see any malware... --Start Message Contact Date: 2013-04-06 Client IP Address: 46.113.191.46 From: Nicolaus Copernicus University Email: payments@umk.plMessage ---------------------------- Invitation to participation in the study BitCoin acceptance and usage survey The study is conducted at the Nicolaus Copernicus University in Torun, Poland. The research team is coordinated by Michal Polasik, PhD. The aim of the research is the recognition of the acceptance range and usage of BitCoin. Furthermore, an important issue is to identify the key factors determining the development of virtual currencies and their possibility to compete with traditional means of payment. Your answers will help to expand the scientific knowledge about the virtual currency. We strongly believe that the results of the research will contribute to the dynamic development of the virtual currency market. It will take about 10 minutes to answer the following questionnaire: https://ankiety.ucntn.umk.pl/index.php?sid=34742&lang=en Please reply by April 10th, 2013 Anonymity of the participants is guaranteed and identification of the responses from individual participants is impossible. In case you would like to find out the results of this research, please send us an e-mail: payments@umk.pl Thank you for your participation in the research! Research team More information concerning other research projects: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=989779 |
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This Australian site by the biggest ISP & phone provider... http://www.bigpondmoney.com.au/bitcoinThere are a mistakes, but that is to be expected. But the algorithm is designed to become increasingly difficult over time. One user, who is, of course, anonymous, holds 25 per cent of all bitcoins in circulation. PS: They referenced one of my businesses. I love free press. :-) |
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http://www.dailyreckoning.com.au/markets-not-meddlers/2013/03/15/The brecha, or spread, between the government's 5-to-1 rate and the blue market's near-8-to-1 is not insignificant. Those who can deal in dollars, therefore, do. Gresham's Law:
'When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.' (Wikipedia)
The phenomenon can also be seen with regards to that fringy cyber currency, bitcoin. A single coin goes for a little under $50. At the official rate, that's about 250 Argentine pesos, give or take a few notes. But the market demands 400 pesos per coin.
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When I first heard about Bitcoin a couple of years ago, I struggled to price the concept.
After several discussion with various sources, I came up with this valuation.
Double Spending Problem theoretical solution: $100,000,000.
Alpha Implementation (aka Prototype): $10,000,000.
Public Beta Release: $200,000,000.
It Works: $500,000,000.
Total: $810,000,000
At 11 million BTC that equates to a price of $74 per BTC.
How would/did you value Bitcoin?
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One of my favourite newsfeed comes from the mob at the DailyReckoning. http://www.dailyreckoning.com.auThey have mentioned Bitcoin before and a new article gives a further nod to Bitcoin "The Return of System D" http://www.dailyreckoning.com.au/the-return-of-system-d/2012/01/13/Although no actual text containing the name Bitcoin, the link (bolded text below) points to http://bitcoincharts.com/ via a referral system. Below is the relevant paragraph. "Now, before readers disparage the "black market scourge" as merely a bunch of crims, cons and bloodsucking shysters lurking on in the shadows of civil society, allow us to consider the true nature of its participants. They could be anyone from a 4-year old lemonade vendor who decides to set up camp on mom and dad's front lawn without the necessary government permit, to a peer-2-peer cyber crypto-currency currently enabling millions of dollars worth of transactions between freely-associating individuals around the world. And any of the brave, freedom-loving individuals in between. Simply, it consists of people who don't hold guns to other people's heads in order to conduct business with them." |
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One of my businesses has started accepted Bitcoins.
I have had a quick look around and have not been able to find an answer to list the business on the Bitcoin trade page..
Any suggestions welcome and appreciated.
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This cannot be done in the standard client.
A couple of questions:
1) How can we send a satoshi?
2) What impact would sending a million transactions a day of this size effect the current network?
3) Would a transaction fee be required?
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