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1301  Economy / Service Discussion / Re: Wurm Online and CoinLab, making ingame money via mining on: November 12, 2012, 03:24:17 PM
Wurm is a silly idea all together. (From all I know about it)
If Wurm is fun to play long term and mining is the only payment option, people will want to direct their ASICS mining power towards their Wurm account and Wurm should more than welcome that.

To use the idle gamer cards to mine would have worked last year if WOW would have jumped on that bandwagon. Starting some new game that isn't first of all a really great game is meh.
1302  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: November 12, 2012, 03:13:08 PM
Would you consider extending your taint analysis tool by some tagging functionality? Maybe add an input box next to every address to link the address to some entity/website/forum post? The collected information could be presented on mouse-over with up/down vote buttons to sort multiple references.

I suggested something like that as a stand-alone page but of course you already have the most interesting part in place. You could even charge money for tagging Wink I mean seriously if people could add any advertisement to highly visible addresses, charging money could be justified as a spam counter measure. People feeling strong about linking an address to some page will easily be willing to pay one dollar. (And please add sort by fees next to the default sort by votes)

I like the idea of tagging. Moderation would have to be in place though otherwise scammers could tag their address "Mt.Gox Deposit Address" and convince newbies to deposit there.

I'm happy you like the idea Smiley

People will know that tags can be bought easily. Show how much was paid for each of them.
Scammers will get scam-warning-tags just underneath – and you get money for that.
You could distribute the money paid for tags against your TOS to those that tagged the tag as scam.
If you charge a minimum fee for tagging, you can afford to moderate the tags.

If patrolling/taking responsibility for tags is not what you want to do, I suggest you do as follows:
Provide a tool to efficiently embed messages in the blockchain in combination with a payment to one of your addresses.
Provide a site that lists all these comments.
1303  Bitcoin / Bitcoin Discussion / Re: The Environmental Cost of Bitcoin - Youtube Video on: November 12, 2012, 03:07:54 AM
Resources that go into mining ≊ reward. Simple as that.

The talk over-complicates things and yes I do see an environmental issue if Bitcoin replaces the Dollar as a reserve currency tomorrow but not when we have time to react to actual problems.

Proof of work provokes the reflex of "those that have are given more" but essentially that is not true. This reward could be essentially zero (yes, zero aka 0) as those with stakes in bitcoin don't need to get block reward in order to have an incentive to secure the network. Proof of stake "mining" could be an option in the client and as it would "only" cost anonymity, people would switch it on for some of their wallets.

Unfortunately Satoshi promised there will be 21million coins and getting them into circulation based on stake will not be acceptable for the majority of worker-class miners.
1304  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall (Translators wanted) on: November 07, 2012, 10:20:43 PM
How can I filter for items that are actually bet on?

There are hundreds (thousands?) of products but most are boring or totally overpriced. "Bestsellers" is a start to find actually interesting stuff but at least until bitmit has some more traffic I guess it would help to both give an incentive to provide interesting prices and give a way to find products that will actually come to a deal (assuming that items that somebody bet on will cost commission regardless if the merchant bid on his own item or if it was some really interested person).
1305  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: November 07, 2012, 05:23:05 AM
Would you consider extending your taint analysis tool by some tagging functionality? Maybe add an input box next to every address to link the address to some entity/website/forum post? The collected information could be presented on mouse-over with up/down vote buttons to sort multiple references.

I suggested something like that as a stand-alone page but of course you already have the most interesting part in place. You could even charge money for tagging Wink I mean seriously if people could add any advertisement to highly visible addresses, charging money could be justified as a spam counter measure. People feeling strong about linking an address to some page will easily be willing to pay one dollar. (And please add sort by fees next to the default sort by votes)
1306  Bitcoin / Project Development / Where was my bitcoin? on: November 07, 2012, 05:18:08 AM
Hi,

http://www.wheresgeorge.com/ is fun for some … actually many people.
I also enjoy seeing 1dice addresses in my taint analysis but I'm too lazy to check if it actually is a satoshi dice address or anything.

I totally agree that stolen coin taint should not be an issue (aka we should not make it an issue) but to raise awareness I'm sure it would be cool to have a site that – like a wiki – allows to tag addresses.
1dice... -> satoshi dice
1... -> fsf donation address
1... -> casascious coin
1... -> my trade with max on localbitcoins
1... -> coins stolen from myBitcoin
1... -> mtGox green address
1... -> tipping address of cam girl lea
... etc.
Such a site should allow to search address taint for given addresses.

I'd love to know where my wallet's coins have been before.

Finding this data now is just not democratized. Some people do this analysis already, others can't. Having such a powerful tool would definitely increase the awareness that we need some way of built-in laundering. Only when I have plausible deniability for any kind of taint, the ever returning taint-question will go away. Bitcoin should be fungible but it barely is now.
1307  Economy / Service Announcements / Re: Bets of Bitcoin - Bitcoin betting on real world events on: November 06, 2012, 03:17:31 PM


… so I wanted to post about my bet on facebook and came across some issues:
  • Images grab attention! Allow the creator of a bet to provide an image as well. No only would that help to get your site look 1.000.000 times cooler but also would it help to get facebook posts get read. If nothing else, please at least put some image on every page so you get your logo posted.
  • The headline in my fb-post should grab attention. "Bets of Bitcoin" is boring. Make it the title of the bet.
  • Make it show the text of the bet
All this information is grabbed from the site without any fb-connect voodoo and should works fine for sites that follow best practice html rules.

(Also: All bets are done. Please tell me at least now how much I can win if I win. For you it is just a line of code as all the vote weights are in place. For your users it's looking up the formula and punching in the numbers for each bet. This sux! Yes, I said that before but it still sux sux sux!)
1308  Economy / Service Discussion / Re: Bitcoin funded debit cards, ASICS, bitcoinwireless, ... did I miss a scam? on: November 06, 2012, 05:30:51 AM
Seeing 404 on bitcoinwireless very much gives such an impression.

It does not 404 for me, it does for you?

Not now.
1309  Economy / Service Discussion / Re: Bitcoin funded debit cards, ASICS, bitcoinwireless, ... did I miss a scam? on: November 06, 2012, 04:13:58 AM
Why is the word "scam" tossed so carelessly around these forums?  Let's not confuse "legitimate operational setbacks" with "scams."

BitInstant's debit card is real. It is in the works. You have no idea how much red tape is involved in the "real world" of money and payment systems. I know that "we're working on it" isn't an ideal answer, but we are, and we will deliver.

BitcoinWireless is also real and I know many are patiently awaiting it (as am I since I have a phone like everyone else =) There is not a good reason for its delay thus far, other than that there are bigger projects in the works (and lots of travelling) which just suck time out of the days and weeks. Nevertheless, it will be up very very soon.

Meanwhile, we are dealing with investor relations, customer service (over 5,000 support tickets from a week ago when the site went down), hiring of new staff (which takes research, interviews, discussion), press and PR, bug fixes, finance and money transfers, conventions and trade shows, lunches with Bitcoiners and finance people, workarounds for the glitches of other peoples' API's, and sometimes we even need to shower. We also have tertiary projects (Coinapult, Paysius, FeedZeBirds, SatoshiDice...). On almost everything we need approvals, the negotiation of careful contracts, review and consultations by lawyers, and multi-timezone collaboration. Plus we just had a hurricane. And there's like... five of us.

Delays always deserve an apology, and as such we apologize for the delays. Rest assured we're moving as fast as we can, trying to attack and build these things from all angles.

If you're getting impatient, I encourage you to start building things as well. Lord knows there are an infinite number of projects awaiting us in this new ecosystem. Please hang in there with us Smiley

Erik I appreciate your posts here and on your blog and all that you do for the bitcoin economy. I'm sure you will not regret the hard work you put in this ever. Neither do I think you are the kind of person that gives up, just because some impatient trolls call him a maybe-scammer.
A weekly update of each project with some more details than you are giving even now would surely help a lot to get rid of the impression you totally forgot about these projects. Seeing 404 on bitcoinwireless very much gives such an impression.
1310  Economy / Service Discussion / Re: Bitcoin funded debit cards, ASICS, bitcoinwireless, ... did I miss a scam? on: November 06, 2012, 02:10:49 AM
It's all a mix of achievements, genuine efforts, unforeseen show-stoppers, competence, incompetence, wishful thinking, vaporware, and pump'n'dump campaigns. Even the same person or company may be involved in several, or all, of the above.

I've noticed some generally respected people engage in unfounded "optimism campaigns" which will inevitably end up with disappointments. This can be understood, as many Bitcoin personas are now "all in" - they actually need to make a living off of their businesses. Short-term pressures can lead to less-then-ideal ethical judgements on their part.

I don't have anything to add to the OP, except to say I'm glad to see people keep tabs on various promises.

I hope your dark picture is not all that accurate but if those people that are "all in", actually would be honest, others might jump in to provide the said services that are all great things and might provide a huge profit for those doing it. Bitcoinwireless for example is something I was thinking about doing one year ago small scale one country or even one carrier at a time. (Here in Chile it would most likely be possible to provide it within 2 weeks as a unified website to charge via credit card already exists for all the carriers.) Seeing that an established business like bitinstant is covering the global market without charging extra, starting "in two weeks" was definitely a show-stopper for my dreams (calling it plans would be exaggerated).
1311  Economy / Service Discussion / Re: Bitcoin funded debit cards, ASICS, bitcoinwireless, ... did I miss a scam? on: November 06, 2012, 12:53:58 AM
What's the big deal about the Bitinstant's bitcoin-funded debit card "scam" anyway? Bitcurex's debit cards seem to be working fine, right?

Uhm, you talk about this https://bitcurex.com/ ? If I have to buy in their market, the spread kills any fee – aka I miss some information of the real costs of charging my card. 14 positions in the order book and
to charge my card to the laughable daily ATM limit of 150€ I would have to buy the last € for 8.4€/Ƀ (8.27€/Ƀ@MtGox)?
To charge my card to the laughable(?) daily POS limit of 1000€ I would have to buy more than they have in market depth?

As far as I understood it, BitInstant would trade on MtGox.

(Please correct me if I got anything wrong. As far as I can see, we urgently need a serious offer.)

Edit: To get € into my CC, I would actually have to trade on the far weaker side of the market depth. On Bitcurex only 8.38€ can be bought – for 434Ƀ. Hooray.
1312  Economy / Service Discussion / Bitcoin funded debit cards, ASICS, bitcoinwireless, ... did I miss a scam? on: November 06, 2012, 12:18:24 AM
The title tells a story of my frustration about the lack of results to all the buzz I read this year.

BFL is in the business of selling hardware quite some time but somehow failed to provide a real look at the real ASICS deal or did I miss something? And there are reportedly 4 competitors that are not better in showing shiny products.

bitinstant is a "big" bitcoin business and announced bitcoinwireless ages ago but now even stopped announcing new release dates claiming it's hard to coordinate a global launch but the beta test went well. Damn where are the (fake?) videos from these beta tests? Why not simply launch this in the USA or Chile or whatever? It would help the community people outside to realize that bitcoin is not just pump and dump. (Also it would increase the trust in other bitinstant projects.)

So forbes and others reported about charging arbitrary debit cards via AurumXchange but now there is silence. Since a long time no "we update this within 24h"-post.

The Mycelium Bitcoin Card was announced with a really impressive video but where are the updates? There's not even rumors about this. WTH?

All part of a big fractal ponzi scheme with the root bitcoin?
1313  Economy / Service Announcements / Re: [ANN] BitcoinStore.com (Beta) - Electronics super store with over 500K items! on: November 05, 2012, 11:15:40 PM
For a Bitcoin only store it would be cool to implement some mouse-over effect to display the Ƀ-price of items or even better the $ on mouse-over.

(I'm eager to read about first people reporting their orders being processed with no problems and for shipping to Chile.)
1314  Bitcoin / Bitcoin Discussion / Re: Bitcoins at the British Museum on: November 05, 2012, 02:14:58 PM
Otoh,

Just want to be clear. Have we really persuaded the British Museum to accept Bitcoin payments, without discussion or controversy?

Is it safe to donate? Or is it likely that donations can be appropriated by staff or others?

Lets donate!! We should email them once a year or so saying what the current value of their donation sum is and how they could take it.

Being a Londoner and therefore I might donote to the British museum anyway, I think this is amazing.

Actually, I think this is the most amazing aspect of Casacaus coins, with no computer in sight, you can give one to somebody, and tell them the bitcoin address, and suddenly they are in the business of receiving bitcoin payments.  

The British Museum is a huge organisation, and if it is really now accepting Bitcoin donations.... wow!

Which of the addresses Otoh gives should we use ?


Casascius himself doesn't think at the moment that it's a good idea to send funds to the coins that they have (link) but personally I think it's a very good thing, it's how bitcoins work & they have plenty of silver & gold moneys in that exhibition that go up & down in value with the markets so why should it be a problem, the bitcoin value in fiat is going to change in any case, they also collect anonymous cash from visitors in all sorts of different fiat that ppl choose to drop in to their collection boxes - some quite high denomination notes/bills, I'd thought of dropping a Cas bitcoin in but this is much better. I imagine they will just let the coin increase in value unless some anon eccentric millionaire drops a few 100k coins on it in which case they'll probably cash it out &  replace it with one of their other ones and issue a news release to say thanks very much bitcoins ftw!

So in answer, no we haven't officially persuaded them to accept bitcoin donations, but their exhibit coin address & the others they have they themselves have made public & that allows anyone to send coins to it if they so choose - it's how bitcoin works & as such they should appreciate it's doing exactly what it's meant to & perhaps this will encourage them to actually turn it in to an official funding source. Re security - it's in an exhibition room with really high value PM exhibits & they know how to look after their artifacts so I doubt anyone with access would peel it or switch it for another.

I'd use the one that they have on display showing the FirstBits: 1NyVMo79 for 1NyVMo79Vanhbu92MpPQgCbu9MDV5a4NhW  

I share Casascius' concerns but still it would be ultra cool if they would put some monitor next to the coin, showing blockchain.info life transactions and balance Smiley Also it should be clear that the exhibition has an insurance to a certain value and with people putting in another 1000Ƀ and the price of 1Ƀ going up to $10000, they might simply not be aware of being under-insured Grin
1315  Bitcoin / Bitcoin Discussion / Re: Bitcoins at the British Museum on: November 05, 2012, 07:47:56 AM
/posting in awsome thread Smiley
So, who turned the 1Ƀ-coin into a 2.26691356Ƀ-coin? If we keep the micro-donations flowing, it might really be interesting to display this in-flow in the museum Smiley
1316  Bitcoin / Bitcoin Discussion / Re: Reach out for the white spots! on: November 04, 2012, 10:57:29 PM
why would i care if people who have nothing i want and dont speak any language i speak use bitcoin or not? if iran suddenly vanished i probably wouldnt even notice.
Iran is the worlds largest producer of the spice safron, international safron prices are way higher then in iran because they cant export it easily.   if you could flip iranian safron you'd be a millionaire.
Who control the spice, control the universe!

Wow. Saffron really is "the spice". Wikipedia seams to be a bit outdated with prices of USD 1,000 – 10,000 per kg while Alibaba.com quotes are much lower (while exceeding the total annual Saffron production in offers from China alone?!) but still it seams to be the most expensive spice in the world.

So while there is a monetary and an import embargo in place, how about export? Somehow in one hour of googling I couldn't find any easy to read source of whether or not ships with Saffron could freely travel and unload in foreign harbors or not. Here and there I read about an EU oil embargo but even this is super poorly documented in Wikipedia. WTH?
1317  Bitcoin / Bitcoin Discussion / Re: Reach out for the white spots! on: November 04, 2012, 04:47:33 PM
I just received 184.82089mɃ. Is that what's left over of my 200mɃ sent to a bounty to translate to Arab? I'm confused.
1318  Bitcoin / Bitcoin Discussion / Re: Representative Mark Warden Utilizing Bitcoin for Campaign Donations on: November 01, 2012, 04:56:03 PM
The quotes on his website are hilarious.

"He supports my right to not wear a helmet on my motorcycle."

Does he support the right of the first responders to not have to scrape his brain off the road or the people at the hospital that could use their time better than trying to sew his face and jaw back on? What about the people at the assisted living place that have to wipe his vegetative ass and the people paying more for healthcare if he doesn't have insurance? What about the therapy for the little kid that just saw a guy's head explode all over the intersection? If you don't wear a helmet you're not just endangering your life but you're fucking up other people's lives and that's where liberty stops. Having liberty doesn't mean you get to do whatever you want to and fuck everyone else.

As far as burden to society is concerned, do you really think that a person without helmet will cost more than one with helmet? I guess it is the contrary but maybe you can quote some research on that topic.

I'm more a biker than a motor-biker and see how many cities now step back from forcing people to wear a helmet exactly because the impact to society is negative. Car drivers overtake helmet-users with less distance than others and beyond a certain speed, injuries of helmet-users are just as severe as without helmet.
Far harder to measure is the impact on how much sport people do when you tell them by a law that riding a bike is dangerous.
1319  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 31, 2012, 03:41:20 PM
All this hoarding does nothing for the bitcoin economy.

Well, not quite true.  

Let's say an item I need is priced in dollars, and the price is $10.    So if I prefer to pay for that purchase in bitcoins, I then buy $10 worth of bitcoins.  It doesn't matter what the exchange rate is.   If BTC/USD is $10, then I need 1 BTC.   If BTC/USD is $2 then I need 5 BTC.  Either way, I am exchanging $10 of fiat to get $10 worth of bitcoins.  

So in that context, you are correct.  Hoarding does nothing for the bitcoin economy -- it doesn't hurt nor help.  

Now if I am a Bitcoin-related entrepreneur I might hold bitcoins.  And I might be looking to raise funds for my entrepreneurial ambitions.  
If there is hoarding of coins and the exchange rate rises quite a bit, my coins have more buying power as the result of others hoarding.

Thus hoarding helps the undercapitalized risk-taking entrepreneur who bought or mined bitcoins for speculation earlier.

At the same time, an increase in the exchange rate due simply to hoarding increases the risk of a price collapse.  If that demand isn't due to those bitcoins being used in commerce for buying and selling, then many hoarders have greater control over the exchange rate.  There was a nearly 30% drop in the exchange  from the October high to October low.  

There probably wasn't a 30% decrease in the use of bitcoins for commerce transactions so the bulk of that move was speculative buying and selling (mostly selling).     If there wasn't hoarding the price probably would never have reached $13, and thus the drop wouldn't have been as dramatic.

This exchange rate volatility, which can be attributed to speculative activity (hoarding) then actually does do something for the Bitcoin economy -- it hurts it, at least from a merchant's perspective.  A merchant doesn't want to see the profits from a sale vaporize because the currency rate took a turn south.  As a result the merchant will use a payment processor to convert those coins to fiat, which add costs (which  makes Bitcoin less favored for commerce) and also lessens the likelihood that the merchant in turn will use those coins for its purchases.

The thing is, ... there's no "right" way.  Bitcoins function as a store of value, and they will be held for speculative purposes by those willing to take that risk.

No matter what payment method is used, a merchant -- especially one starting with no customer base, has a very tall hill to climb.  That some investors are holding onto bitcoins should really be of little concern to that merchant.

TL;DR: Hoarding is not the problem. Hoarders loosing faith is.

Stacking coins is a once in a lifetime (or much longer?) opportunity. I spend coins because that's nearly all I freaking have. Think about it, hoard them so hard you have to spend them to live.
I won't tell names, but I know somebody else in this position.
1320  Bitcoin / Bitcoin Discussion / Re: Bitcoin algorithm change on: October 30, 2012, 05:13:51 PM
replying to OP first post.

back in the medieval times people could easily mine gold with just a bucket and filter out all the minerals to keep the shiny stuff.. now'a days you need expensive machinery, experts in mechanics, explosives and geology...

so this is the natural progression of mining a limited resource.

so trade in your bucket (GPU) for a box of TNT and a drill (FPGA) and if you have the money an excavator/ gold wash filtering machine(ASIC).

i understand you want to keep your bucket so u can mine gold, and know it has other uses such as making sand castles or fetching water from a well. but times move on. gold miners wouldn't take their kids to school in a excavator, but they do see the benefits in having one.

+1
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