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Curious to know what you all think would be major disruptors for Bitcoin exchanges. Happy to kick things off with one of my own pet peeves, so here I go: - Exchanges typically take a percentage-based fee for every trade. The exchanges that don't take a % fee on a trade take a % fee on withdrawal. The one's that don't charge a fee, front-run/sell their own users to high-frequency traders (they call this "order flow") who then make their own trade based on any significant trends or actions. Taking a % fee is not in accordance to the spirit of Bitcoin, at least in the sense that if you transfer Bitcoin on the blockchain, it's for a fixed fee that is for the most part independent of the amount. So I believe an exchange that charged a fixed, fair and predictable fee in addition to not selling their users or their trades could be s disruptor.
Am I totally off base? Always curious to know what the Bitcointalk community has to say. So if you have an opinion, please share it. |
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Minus the obvious BTC for the looong term win, I'm going long on:
(1) Sia
(2) Dent
Here's why:
(1) They're both really cheap right now
(2) They both seek to unsettle massive players in established markets. Sia is smashing cloud storage players and DENT is disrupting data strongholds in mobile
(3) They are already delivering fantastic products
What are you long on, and why?
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I want to buy your Bitcoin exchange.
It doesn't matter if it is running on Peatio (open source), a commercial license with some other entity (as long as it is transferrable to me) or perhaps your own homegrown implementation. It has to be running, testable and able to migrate to my data center. Don't care much if you don't have a user-base, of course this will factor into the price that you want, along with its history and all the rest of it.
Let's talk.
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O wise and helpful Bitcointalk users, I am fearful of missing out on the next Bitmain batch.
If you have a moment, please share your wisdom:
- How do you monitor Bitmain?
- Is there any consensus on when Bitmain will be releasing their next batch? From looking through the forums it looks like it will happen when S7 reaches its end of life. What are your estimates on that happening, given the current difficulty trend?
- Safe to say that since Bitmain only accepts BCH, we will see a run for BCH when their batch is made available, i.e., get BCH now before the rush/demand pushes up the price?
As always, much appreciate the knowledge and wisdom shared here.
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Oh, wise and honorable Bitcointalk users:
- How does one find someone to host Bitcoin mining equipment?
- What does one usually pay for hosting of such a nature?
- Is it priced in terms of rack space/electricity consumed, like in a normal data center where they give you a 42U rack and a 20A/208V PDU for a fixed monthly fee?
Thanks in advance for your help.
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Apologies if this is already discussed in another thread somewhere, please point me to it if it has. In a nutshell: From https://www.youtube.com/watch?v=L7s7-09-oms&feature=youtu.be, Ver says "Once the Bitcoin Core team succeeded in making Bitcoin less usable" Absolute rubbish, sure, but it got me thinking about what his true modus operandi is because earlier he says (around the 1:20 mark) "If Bitcoin Cash becomes popular enough and siphons away enough of the mining hash rate from Bitcoin Core in a short enough period of time, Bitcoin Core is in really big danger of coming to a screeching halt. " Since Bitmain now takes BCash and Ver is already an investor in the big companies that support Bitcoin, possible that Ver and Bitmain are colluding to pull Bitmain's big pool away from Bitcoin and to BCash? I'm thinking Ver would then use his influence in his investments to get them to scream that the Bitcoin network has halted but never fear because Bitcoin Cash saved the day. Am I nuts? Not making any sense at all? Have at me! |
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When working on a recent Bitcoin project of ours, my colleague and I found that the Bitcoin payment processors were our #1 source of frustration. Their percentage based fee's forced us to constantly rethink the way we wanted to do things. As a result of our frustration in this space, we worked on our own payment processor that uses fixed fees to process payments: http://setgetgo.com/We hope this platform will be as useful to others as it continues to be for ourselves. Some features: - We are not a middleman and do not hold funds in transit, i.e., funds go directly from your client's wallet to yours. We only use crypto currencies with hierarchical deterministic wallets in order to do this: BTC, BCH, Dash, LTC et cetera - Fixed and affordable transaction fees based on transaction counts, not dollar amounts - A simple REST API - Support for Woocommerce - An android app to facilitate payment for merchants It's working for us so hopefully it will work for you too. We are building in a host of new features, including plugins for the ecommerce frameworks as well as some updates for the front-end UI. Suggestions, comments or concerns are very much appreciated. |
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Why do the payment gateways have percentage-based fee's?
Let's assume I'm fine with a transaction happening within an hour or two, perhaps even a day or two.
With this assumption, isn't the cost to transfer 500 BTC the same as 5 BTC?
If so, why the 0.5% to 1% fees from the payment gateways like Bitpay and Coinpayments?
If not, how does one accurately calculate the cost?
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My house is on 23 acres of forested land frequented by Elk and Black Bear, it is surrounded by a further 100acres with access through a small residential neighborhood and is approximately 30 minutes outside of Seattle in North Bend, WA.
The house itself is 4000 square feet, has plenty of high end finishes (too many to mention) and comes with its own private tarred drive and gated entry.
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Anyone interested in meeting up?
Software engineer here, would like to have an open discussion on interesting challenges that we as a group anticipate for Bitcoin. Interested in pushing the envelope on creative/challenging ideas and technical problems that would arise as a result.
Goes without saying that everybody is welcome, you don't have to be a techie.
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posting for a friend
make me an offer
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bitding.com is a penny auction site for bitcoin.
The way a penny auction site works is simple: auction starts at 0.0001 ฿ 0.00001 BTC and increments 0.0001 ฿ 0.00001 BTC per bid. Each bid costs 0.0015 BTC and every time a bid is made the auction clock is extended by 30 seconds.
There's been a few btc penny auction sites over the last year, so we've tried to differentiate ourselves:
1. We only run a single auction at a time
2. We auction items that we think most people would want (so no kitchenware, towel sets or Shell gift cards!). Auctions over the next week include Microsoft Xbox One's, Kindle Fire HDX's and Ipad's.
3. We don't expect the initial set of users from this forum to trust us with their coin so we are giving away FREE BTC to trusted bitcointalk users who sign up with us. Simply contact us on this forum and let us know your bitding username. Provided you are a trusted user we will then load your Bitding account with free BTC so you can bid on an auction. All we ask is that you let folks in this thread/forum know if you win anything.
If you find and report any significant bugs we'll reward you with BTC straight to your Bitding account.
If you have any feature suggestions or items that you want to see auctioned then let us know in this thread.
Please note that we only ship to Europe, USA and Canada.
* 11/18/2014 auctions now start at ฿ 0.00001 and increase per bid set to ฿ 0.00001
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Friend of mine has 48 Spondoolies SP10 units available. All 100% functional and running in a data center in Seattle.
He won't ship this, local pickup only.
Make an offer.
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