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Why would you make a book like that? It makes much more sense to just have a website so that you can link to all those sites.
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Went through 10 pages and still don't get what do you mean by "game".
Are you talking about developing gambling games like Satoshi Dice to have people put BTCs in and get part of their investment (hopefully) back?
Or you are talking about general computer games like World of Warcraft?
BTW, what just happened on BTCT, feeling like on a roller coaster, anyone can fill me in?
Did you read the linked trilema posts? The main game being developed currently is a MMORPG with a real cash economy. The BTCT TAT.MINIGAME is just a pass-through, and the number of shares is not very large, so it is easy to spike the price upward (or downward) without really affecting the overall evaluation of S.MG. |
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This is a joke, right?
Please use correct spelling, grammar, capitalization and punctuation if you want to be taken seriously.
Why are the shares not each worth the same amount?
Are you putting in an investment equal to the 51% you are retaining?
Seriously, you need more detail than 'making bitcoins easier'.
If you want anybody to invest in your project, you will have to give some detail of your identity and your background that would make you able to do what you propose.
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Bitcoin has a unique property in it is very easy to generate a macro-economy as demonstrated by the 20 or so new blockchains around now since only about 2-3 months ago all interacting with each other in trade. That got me thinking about the future of cryptographic digital currency in a similar fashion to postulating "What if Detroit switched to Bitcoin?". Obviously the city is now a dead husk of its former self that has finally thrown in the towel, crushed under the weight of crooked politics and banking cartels, it would have nothing to lose by acting out in pure defiance to the FED with such a move.
Thinking further into the future, could we exist in a world someday where each country, city, and possibly even large business entities of sufficient market cap trade in their own unique currencies?
Why would you want to segment currencies like that? It is much more convinient and useful to have a single currency used across wide areas. |
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Maybe you want to consider how to compare yourself to your current competitors instead of a failed operation from the past?
There are no current competitors. There's MPEx, and there's various attempts to recreate GLBSE. These compete among themselves for the "most-GLBSE alike" title, and when they don't do that they negotiate to reunite into one single unity of fail, thus actually recreating their model. Outside of that pretend competition (as you can't really compete when there's no actual difference) there's no such thing as competition going on in BTC finance land: the play exchanges and MPEx couldn't compete if they wanted to, as they serve entirely disjunct markets. The random noob that started this thread for his literary-financial & fiducial new media etc project being a convenient point in case. I suppose at most you could say the competition is cultural, in the sense of sanity trying to compete with firm conviction. That's hardly any sort of competition either. See, that wasn't so hard, why didn't you start with that explanation? The story in the link made me laugh. |
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Mt. Gox volume isn't reliable. Try comparing total volume. This time last year, no exchange came close to Mt. Gox's volume. Now, Mt. Gox's USD market makes up a paltry 30% of all trades.
This Sums it up quite nice, MTGox is losing its volume due to other exchanges erupting onto the scene. I believe this assumption for the "low volume" is based of a single piece of an entire pie. No, MtGox is not losing volume to awesome new exchanges, MtGox keeps fucking up and they are losing their volume to anybody who can code the semblance of an orderbook and keep deposits and withdrawals flowing. |
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I think more likely it is just some early adopter having fun by throwing millibits at random addresses. Sort of like a bitcoin faucet, maybe you could call it a bitcoin sprinkler?
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Maybe somebody else created a keypair for that address? I know it is very unlikely, but it could happen. So I would spend any money in that address and not use it anymore. Just in case.
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No, the time to buy was when the price dropped to $65.
Wait for another dip if you didn't buy then.
Though, I am confident in the long term we will hit new all time highs but not for another year or two...
It is easy to look back and say "It would have been good to buy at 65, you would have made 38% profit if you then sold at 90." The hard part is when the price dropped to 65 to say "I think this will bounce back up quickly" and buy some, there were many people saying "It is going all the way back to 32!" at the time. |
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so its a goog idea to invest 1000$ in LTC.
wait 1year.
sell all, and get 500% profit?
how do you know litecoin will go up 500%? Maybe they have peaked and you will lose 90%? |
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Blackminer congrats you think the same thing as 90% of bitcoiners, it's truly a guess. That or watch the news. Get off Gox there's a lot more where that came from.
What is a bitcoin? It is just an arbitrary unit. Bitcoins are very cheap, you can get 10000 satoshis for a single cent! |
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I see only one person voted they have signatures turned off, but 22 people voted they ignore signatures. Why do you have signatures enabled if you just ignore them anyway?
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Between the high fee and rude operator, it's not clear to me why people use this service.
See here. I am not sure you linked the correct article? That one is a list of all the closed assets from MPEx, which seems like a reason not to use the exchange since things there don't last very long and tend to lose money? Maybe you just need to enlighten us on how it explains why people use the exchange? Let's think with our thinking hat. Each and every asset GLBSE listed cratered. A purported "exchange" that chiefly lists/promotes scams is indeed an SEC lawsuit waiting to happen. These things matter. Comparing yourself to shit does not make yourself look more attractive. Maybe you want to consider how to compare yourself to your current competitors instead of a failed operation from the past? |
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Looks to me like you answered your own question.
nope i asked what are the excuses and so far i did not get any What is the question? You asked for excuses of why there is low volume, but you failed to first demonstrate that there is low volume needing an excuse! In fact, you demonstrated that the volume is quite healthy. |
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Between the high fee and rude operator, it's not clear to me why people use this service.
See here. I am not sure you linked the correct article? That one is a list of all the closed assets from MPEx, which seems like a reason not to use the exchange since things there don't last very long and tend to lose money? Maybe you just need to enlighten us on how it explains why people use the exchange? |
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The reason I'm looking into this is that I'm thinking of doing crowdfunding for a literary project, and rather than appealing to straight philanthropy
As others have pointed out, you certainly don't have any business on MPEx. Another place you should look for funding is btcjam. (I think there might be one or two other crowd lending btc platforms, you could do some forum and/or google searching for that, I don't remember them off the top of my head). |
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so when do you think we can start buying BTC for $50 again?
I think sooner or later this year it will come to $50 Now its trying to pierce $100 only to lure some more buyers and than (soon) I assume it will fall - but how fast and where of course I dont know. Unfortunately I didnot have time to make detailed prediction for myself I think it is not because of some bad banksters behind it, it is just something like natural law. The people who are in and who put money in and are trading BTC inevitably repeat some patterns of behaviour and now crowd is heading up only to fall down soon. I think current price only shows how much people trust BTC otherwise it would not go up so high after last decline. Becuase most of people are just holding BTC and expect even bigger evaluation. And all this expectations are imprinted in the market price. However I think $50 or even less is still reasonable price, it will not hurt almost anybody, BTC as a currency would survive it without problems and perhaps in the end it only brings more money in btc enviroment, because more people will be interested in buying. and using btc for paying goods. And when it falled down from $266 it stopped aroud $50 so it is probable it will test this level again. I dont think this is a bubble. Next year BTC could be $200 or more. The more people will use btc for paying common goods and services the more valuable BTC will become. And people will use it more and more everyday instead of shitty banknotes which are not already worth the paper they are printed on. I think we already did the testing when we went down to 65 recently. We probably won't see the price go below 70 ever again. |
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I did a quick comparison of bitcoin stock exchanges today and thought I'd share my initial impressions. Please let me know if I missed any major exchanges, or if I got the wrong impression anywhere:
The reason I'm looking into this is that I'm thinking of doing crowdfunding for a literary project, and rather than appealing to straight philanthropy, I thought it'd be more fun and effective to sell shares of the proposed book. Is anyone aware of this having been done before? I'm not. Any thoughts are appreciated.
Don't judge a book by the cover. Looking at the total volume of the exchange does not tell you much. For example, a huge amount of the volume on BTCT is just from one stock (actually several pass-throughs to the same stock, AsicMiner). Strange thing to say. MPEx only has a few stocks at all - if you took away THEIR top stock then there wouldn't be a lot left at all in securities trade. And Bitfunder has its trade concentrated tighter than BTC-TC. So why was BTC-TC singled out for that comment? And why should a security be excluded from measures of quantity just because it's doing well? My DMS securities aren't one of the most active ones on BTC-TC, but even they combined turned over around 4K BTC in the last 30 days. So it's not like ALL the volume is ASICMINER. Even without the ASICMINER securities it still does significantly more volume than MPEx. Not that volume is a measure of anything - other than volume. But it's undeniable that Bitfunder/BTC-TC have been expanding whilst MPEx has been contracting (it now only has MP's own securities on it). A lot of that expansion has, unfortunately, been crap. I was not trying to single out BTCT, I was using them as an example. I am just saying that getting an asset listed on btct does not mean you will have a huge volume, since the traders evaluate each security individually. |
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Really you have three logical ways forward and one of them involve anything as silly as "if we keep calling it a game we are exempt"
c) The SR model. It is illegal and so what. SR doesn't try to pretend they are a "game" that is just an idiotic half step. Make sure your servers, operator's identities, assets, and operations are sufficiently shielded that prosecution becomes difficulty if not impossible. Note that the SR wouldn't exist if they tried to pretend US laws didn't apply, that is just dumb. They embrace the illegality of their actions AND are very conscious that lots of agencies with lots of resources would love nothing more than to shut them down forever. I am sure that provides a lot of motivation to ensure they are diligent in keeping themselves shielded. Nobody on the SR has to check a box saying this is just a "indirect delivery game", everyone is a grown up and they know what is going on. d) The MPEx model. Protected server accessible only via proxy. GPG signed orders on IRC. High sign-up fee to keep away whiny bratty needy noob children. Isn't the MPEx model just another implementation of the SR model? |
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I did a quick comparison of bitcoin stock exchanges today and thought I'd share my initial impressions. Please let me know if I missed any major exchanges, or if I got the wrong impression anywhere:
The reason I'm looking into this is that I'm thinking of doing crowdfunding for a literary project, and rather than appealing to straight philanthropy, I thought it'd be more fun and effective to sell shares of the proposed book. Is anyone aware of this having been done before? I'm not. Any thoughts are appreciated.
Don't judge a book by the cover. Looking at the total volume of the exchange does not tell you much. For example, a huge amount of the volume on BTCT is just from one stock (actually several pass-throughs to the same stock, AsicMiner). for MPEX the 30 btc fee is not for listing, but to register a key to use the exchange. They have the best security model. Cryptostocks is older than BTCT or BitFunder, but not many people use it because the operator is rather shady. (and what Deprived said while I was typing) For doing a crowdfunding project, you definitely won't get it on MPEx (that is just not the sort of thing listed there), you will probably have trouble getting it on BTCT. You might be able to get it onto BitFunder. You could look into BitStarter, I think they do that sort of thing. |
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