All the advertising shit at the end pisses me off. I hope that is strictly opt-in, and can be disabled. However, I recognize that that is probably the only thing that will sell it to big businesses.  Sorry to quote myself, but has everyone watched the video? Why isn't my comment getting a little love? Advertising is the bane of my existence, targeted advertising ever so much more so. I hope and pray that it can be disabled. Did you miss the irony in your signature? |
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Still down for me... I'd really like to try it when it's ready.
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There is nothing morally wrong with placing a prerequisite on a donation.
In fact, as Bitcoin itself is a philanthropic endeavor, by requesting the recipient of a donation accept Bitcoin, you're actually donating in two ways - one to the short term, specific interest of the specific charity, and two to the long term, amorphous interest of humanity, which deserves better than the wretched fiat monetary enslavement machine under which it's been placed.
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This can't possibly be a real product:
- It would take another 50 years of research to get a battery capable of being that small with any amount of charge.... More likely you would need constant "solar" input which means holding it up in direct sunlight as you do everything such as type on the back (where you cant see the screen anymore?)
- If it needs constant sunlight for all its peer to peer action going on, that means custom hats as well. Or the really cool "makers"/people will tape it to their hair and existing hats
- Any "real product" you have seen of this already is going to be stripped down bullshit with only basic screen and keyboard functionality, wireless communication is way too power hungry to ever work off any kind of battery they could fit in there.
If you invest in this... You will lose your money. Unless you wait the 50 years or so years required for better battery technology. Batteries have been the bottleneck in most mobile electronics for years now.
Couldn't agree more. I applaud the direction they're going but it's a combination that doesn't make sense and basically pics or it didn't happen. As mentioned, pics forthcoming in about a month. Hang tight  |
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I've spoken with the creator via phone this morning. I do not believe the device is vaporware. Pricing is in the range of "extremely low."
They've been working on this thing for about 5 years, long before Bitcoin. When Bitcoin came around, it made some of the card's former features obsolete so they've retooled it to be heavily Bitcoin-focused. They said they found Bitcoin to be "far superior" to any of the community currencies the device was intended to be used with.
I'll be talking with the creators more and I can say perhaps in a month or so there may be some more solid information/news/review of this thing. In the mean time, just stay tuned and remain appropriately skeptical
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I've spoken with the creator via phone this morning. I do not believe the device is vaporware. Pricing is in the range of "extremely low." They've been working on this thing for about 5 years, long before Bitcoin. When Bitcoin came around, it made some of the card's former features obsolete so they've retooled it to be heavily Bitcoin-focused. They said they found Bitcoin to be "far superior" to any of the community currencies the device was intended to be used with. I'll be talking with the creators more and I can say perhaps in a month or so there may be some more solid information/news/review of this thing. In the mean time, just stay tuned and remain appropriately skeptical  |
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Yes, international money transfers is one of the best uses of Bitcoin. So far, however, there has not been a serious professional team to step up and make this happen in any organized way.
You don't need to set up agents "in every country" at once. Just start with one very good market... maybe a branch in San Diego and a branch in Mexico City. Then open more branches where profitable.
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I wanted to go back and manually go through the motions of verifying a previous transaction, but I see it has rolled off the "recent' page.
There are 200 rows on that page, and my wager was about 28 hours prior.
In other words, that method wasn't built to accommodate the level of activity the site has already.
I know I can get the trx # from my client and build the URL for that manually, but clicking on a page is more convenient.
Is there anything that can be done so that the past N days (e.g. 10 days) of wagers are retained for review?
(or given and index with sequential numbering and an API to retrieve these at our leisure?)
I'm not sure we want to retain wager records forever, for a number of reasons. But, should probably at least be a week or so. I'll put this on our todo list. |
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Enjoy your holiday guys! You've worked hard +1 |
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Little do you know... I poison the Bitcoins that people win from the site. Then, once the owner is dead, I collect them back. This is my revenue model, and I think it's pretty sound. |
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Awesome service! I'm glad you hooked up with bitinstant.com. Very useful feature: your customer pays cash at their local bank and you receive bitcoin using the "bitcoin to email" feature.
Yeah over 2,300 BTC Coinapulted from BitInstant thus far. It's a hit. PIN code has now been added to make it a bit safer. |
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When there's no court order needs, the social engineering attempts to get out personal information and the misuse from government and private companies are only going to increase.
Excellent point  |
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What about the jobs lost moving the money around? What about the companies that loose money because they no longer sell armored trucks? I don't really think you gain as much as you say. There no doubt would be some gain, but most of the "gain" is really just moved from somewhere else. You only need to move money around as fast as product is made. anything faster is just convenience for the most part (there is some marginal benefit, but i am not seeing anything as big as you describe.).
There's a story Buffet tells about his visit to china where they are showing him this big civil construction project in progress. Its a bridge or a canal or something. Anyhow he points out that they could replace 50 or so of the chinese workers digging wtih shovel with one big earth moving truck and 2 operators. The chinese dignitary looks at him slanted as if Warren were out of touch, and tells him that in China they have a need to create as many jobs as possible. Warren replies, if this is all about created work for people then why give them shovels? Give them spoons. The point is that doing more with fewer workers raises the standard of living. The automation of the factory has put so many workers out. Did you know that GM builds about as many cars as the did in the 80s. But now they do it with half as many workers. Cars are now more affordable. hell they even have all kinds of complex things the cars from the 80s didn't, ubiquitous auto trannies, anti lock breaks, air bags, crumple zones etc. There are many more parts and much more assembly required. Yet all the car companies do it with about half the labor the needed a few decades ago. Never cry for 'lost' jobs when a more efficient and better innovation comes along. We'd still be living in caves. Now to beat the dead horse, what about the mechanized tractor/plow/planter? Put a lot of farm hands out of work. But they moved to the cities and took up manufacturing jobs. coinciding wiht a general rise in the living standard. Now they have gps guided planters that don't even need a driver. They put more farm hands out of work. The benefit is cheaper food. Who can argue with feeding people for less? That story is about Milton Friedman, not Warren "I'm a God Damned Socialist" Buffet. Warren would be the one advocating the spoons. |
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Onward we march into tyranny... thank god for Bitcoin
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I'd love a ring like this... and in fact the private key needn't be that hidden at all. I'd be happy if the private key was engraved on the inside band. Thus if the ring was stolen, the funds would be also (but this is true of all nice rings, no?). Would also need to be real silver - I'd want something classy |
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Hopefully the future of money is that it stops being used.
Depends on your definition of money. If you define it as "transferable value" then that's not going to happen any time soon. -Jered LightRider.... money allows prices to be set. Prices are the information that, without central planning, allows production to be adapted to demand, and thus allows prosperity for more and more people. There is of course something very wrong with current fiat money system. But this thing is the central planning that comes with central banks. It's not money it self. Please, learn and think about economic topics before trying the reinvent the world. Because the road to hell is paved with good intentions The purpose of money is to deny prosperity to more and more people. Technology is what improves people's lives, and such developments are independent of any economic scheme. Prices distort perceptions and values because they have no physical referent, and are manipulated to corrupt, abusive, wasteful and destructive ends. Sorry, no. I'm going to use some money today, for the purpose of exchange. To whom am I "denying prosperity" by this exchange? Money does not deny prosperity, it enables it, by offering to society a common means of exchange by which variant interests can be brought into harmony through the mechanism of pricing. You're correct that technology improves peoples' lives. Think long and hard on the subject, and you may realize that money is technology. Bitcoin, as it happens, makes this fact even clearer. It is the best money-technology produced thus far. Further, it is in fact impossible for an economy to operate at any desirable level without money. For if we took money away, people would barter. What would they barter for? Well, they'd find things which brought them relatively greater gain for their exchange. Over time, as people barter, they realize certain items are easier to trade than others. It's easier to trade eggs than it is to trade a hair dryer. It's easier to trade cigarettes than bicycles. It's easier to trade uniform gold and silver coins than either eggs or cigarettes. Certain bartered goods have properties that make them more useful in exchange than others, and when these exchanges play out we discover that people gravitate toward a small number of very tradable goods, and these become a common means of exchange. The term for this, is money. So get rid of money, and it will reappear necessarily and unavoidably. The only way to prevent "money" is to use force to continually outlaw whatever subsequent product starts being exchanged commonly. The only way to prevent money, is thus to prevent barter, and that means to condemn each man to enjoy only what he can produce by himself in isolation. A sad state of affairs that would be. Your hostility toward "money" is wholly misplaced, and should be more correctly oriented at the real villain - forced adoption of a "specific" money via the State, a money arrived at not through voluntary market exchange, not through barter, but through coercion. Coercion is the problem, not money. |
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I wonder if they realize they have a dynamic limit to their growth though because they can't allow themselves to ever represent more than say 30-35% of total hashing power or else they'd start hurting themselves by shaking the confidence in Bitcoin and probably crashing it's exchange rate as a result..
If they are so successful that the gamers using this system represent 1/3 of the Bitcoin mining network, then CoinLab will be very profitable, the investors will be happy, and more investors will invest in still more Bitcoin companies. This drives price higher and encourages miners outside the system to join. You must see these things dynamically, not as static occurrences. Bootstrapping this new monetary system requires a sort of ratcheting of successes. One team gets something right, and it sparks others to succeed. |
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Wow Stephen, you're a smart dude Thank you for your excellent thoughts, I'll keep hold of these. |
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