Bitcoin Forum
August 17, 2026, 01:31:06 AM *
News: Latest Bitcoin Core release: 31.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Trading Discussion / Bootstrapping a local economy on: February 03, 2011, 04:37:20 PM
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1



The limited resource of proselytising
=====================================

Presently, the bitcoin economy would appear to be mainly those interested in making margin profits in trading, with attendant financial services springing up to service those that deal mainly in currency trading - escrow, etc.

Without _local_ currency markets, bitcoin would appear to be a trader's game - more or less (to a layman) an online game that they may not understand all the rules of.  Why bother when they could invest their money in a "real" market that is so widely trusted the risk is seen as nonexistant (legitimate belief or not).

Take the time to educate that person on hidden taxations such as inflation, etc, and there is a possibility that they will begin to consider putting a portion of their savings into bitcoin - as just another way to spread risk in their portfolio.


Premise
=======

I have a small pool of investors that would like to bootstrap our local economy in bitcoins.

We have a reasonable amount of initial capital to inject into the system (perhaps a couple K USD between us) and accept that we may take a total loss as these bitcoins flee the local geographic area.

Although we have a wide range of services / goods that we can offer to each other - necessarily we will need to do (at least at first) a majority of our trades with the local community.  Obviously, we need to take our limited resources - our time and energy spent educating others about Bitcoin - and establish beachheads in the community that promote the greatest uptake.


Request For Comment
===================

What (in your opinion) are the key places to establish adoption of Bitcoin outside of our initial pool?

* Businesses dealing primarily in cash?
* College students?
* Persons that might like to have nonreputable "cash" that can't be stolen by a malefactor at point-of-trade?
* Employers of below-minimum-wage or undocumented workers?


-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (GNU/Linux)

iQEcBAEBAgAGBQJNStlRAAoJECQvuS783MP4Ek8H/i0t2Fbk7k3jIzxhe8QQWsxC
cgq8yiwO0+KK2pyfNKLRdi4CrUU8j5yDoyfqk8mYiZogDk9Whv/TyeYDW6/vztx7
+wt9Gd+F8BNDhBR8sX4GiYzuOeWmVVk1dGVyPN8uJhdQucNMD1U1E0P5zW88VhVD
JdSaKSF29mPpz76EiBLNzU0n8LhNELK40NWucrMCuio3WYrKS9hr/DNsPSuKiO5+
qb6fCpAa2tdPeDIVDV5bnSn+86A+tOviwozGb8gfJ3+6xa3AdW2JOejubx+l5/Pb
j34G0ovdu/YSRq5vfvhrCiqaZmHRPbq4liSAGKK/JAtjbC9OJGNNE3ocP+gyLfs=
=UEEh
-----END PGP SIGNATURE-----
2  Economy / Marketplace / Proxy purchasing / RL mixmaster network on: February 01, 2011, 03:48:42 PM
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1


Proposal
========

I will buy anything on Amazon.com (up to $50 at first) and reship it to you free of shipping charges, in exchange for the current (as of the request) MtGox bitcoin::dollar trade ratio.

I am amenable to using further proxies, cutouts, escrow, etc.  The idea is to set up a web of trust, and to exchange some of my capital for bitcoin.

If you are interested in doing local dead-dropping with me, my area of operations is US ZIP 97502 - I will gladly move packages from one GPS location to another within certain time constraints for bitcoin.


Goal
====

I wish to set up a network of trusted agents in various areas of operations for a physical mixmaster network.  The eventual plan is to charge postage in bitcoins, use dead-drops (geohashing?), and GPG to build a reputation between agents for honest dealings.  I would think a meta-market of auditors could also be set up at some point by sending false packets through the network.



I welcome (hopefully constructive) criticism of these goals, as well as expansion on them.



- -----BEGIN PGP PUBLIC KEY BLOCK-----
Version: GnuPG v1.4.10 (GNU/Linux)
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=eDdw
- -----END PGP PUBLIC KEY BLOCK-----
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (GNU/Linux)

iQEcBAEBAgAGBQJNSCrYAAoJECQvuS783MP4ZPkIAIJjBekLm4T1kfdQGfJZ0pqJ
ldQASsjqqsz7hNnYeIzOxXUMpA0zG0ut3UUcfx/5z3dCv4NtWpHk2n2ea/7mOCBr
eJ3AE+n/OMfI6Uz2CdkL+Pav9PJ4FtHMs6AEXK4GgeU0vC8bDo+VwY1G/4J+Ey/+
jG7TgfnKSgA5USjt/OS8INFUtefsRhHy/RmV/vtczFeLcL2fY4gBIIjod7Iswc/9
P46HzVvu8Z3d6kSqAHQrR/h6RcbB+U9eiilv/FdbLwEhsLFQ07fFQRuaVCwOcx3x
0tK6h06zqUEUdjdkgZsSG43iqCZhvc8og9Yf1Cnhbq4oOqw01JYJtwdAjF9bjLU=
=t3FL
-----END PGP SIGNATURE-----
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!