Many thanks for all replies so far  Are there any traditional projects other than mining operations on GLBSE?
There have been. Feedzebirds is one kind of similar to what you are describing, for instance. "Retweet for Bitcoins" has clear bitcoin-promotion-incentives for investors. I wouldn't consider that similar to my projects. My only bitcoin related project is a wallet for facebook that I could easily make better than the 3 existing Facebook wallets but I really don't feel capable of handling other people's bitcoin savings securely so if I don't get any bitcoin-security expert on board, I see no way of going live with that one. I did it for fun and might just as well open source it for reference for others. So this guy "generated" 10.000 shares each representing 0.01% of his project of selling stuff at EBay. Initially got 90BTC but where do I see how many shares that was? I see the price graph starts as 0.01BTC, so 90/0.01=9k. So he only holds 10% of his own project? For 900$ raised capital? Am I reading things wrongly or is this just because the venture is not speculative in nature at all? Ok, bought one share to see how that looks from within One problem is with how the value of bitcoin keeps increasing, so if your startup earns fiat income (or even earns bitcoins but the price is pegged to a fiat equivalent), the price of each share drops at a proportionate level. i.e., investors are looking to gain more bitcoins, not just value compared to dollars.
Well, yes, if I had tons of money, I would speculate on Bitcoin itself, too but not with all my money. After all speculating on papers that promise to outperform the bitcoin by 100% is slightly crazy. I don't know the secret. Nobody is using GLBSE in a way that it can be used.
Perhaps, ... offer shares with very short term deliverables perhaps.
So you start out with something like 10000 shares, and offer 500 shares the first week. There is no minimum, whatever bids are there, that's the price they are sold at. So you have a two week target. In two weeks you show that you've met the goal (or not) and you pitch for the next round, where the next 500 shares (or whatever) are sold.
I'm used to work using scrum so I consider it only reasonable to have something to show every two weeks and to be transparent about my commitment. So with this approach I would make a commitment to sell x% every two weeks more or less knowing that people might not finance my first two weeks of effort but by showing progress hopefully get this project to a reasonable level in week 2 or 4. How would I sell batches every 2 weeks? Can I sell them to holders at a discount? Would I just sell at market price like other holders would? Would I sell at "0" bitcoin filling all open offers no matter what? Can I configure in my account to sell 500 every 2 weeks automatically? All in all it sounds reasonable. So IPO should be 4-8 weeks before I run out of money Thanks Stephen for your valuable as always feedback |
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I don't have the time or inclination to do a full translation.
Basically it's a fairly neutral, if naive and superficial, look at the Bitcoin system. They ask enthusiasts why they think Bitcoin is better than "traditional currencies", buy some bitcoins from bittiraha.fi, use those coins to buy food at vegemesta, and interview some more prominent personas.
They also interview a spokesperson for the Bank of Finland, who has two points: There are no guarantees that you will be able to convert fiat investments back into fiat from Bitcoin at any given rate, and that it is perfectly legal. (the latter being nice to hear, but of course her words are not law.)
Interviewed, as well, is a senior inspector (chief inspector? my vocabulary has gaps in areas of rank...) from the National Bureau of Investigation (police), who notes it's "trading in squirrel skins" (Finnish idiom for an apocryphal, archaic currency), a system into which wealth can be channeled, with no bookkeeping of the kind "known to current law". When asked if Bitcoin can therefore be used for tax evasion and money laundering, she declines to answer, saying society would likely not appreciate it if the police gave advice on how to use Bitcoin for criminal activity.
Finishing up, the journalist notes several people interviewed caution against investing recklessly in Bitcoin, as the valuation fluctuates and "the funds can be hacked" and the future of Bitcoin is unpredictable.
Wow! Thanks for the summary lulz to the police guy |
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Hi,
right now I'm in Chile. I came here to found a company and I'm well connected with many start-ups of the same incubator that seek funding for their respective projects. I'm pretty sure none of them tried funding through GLBSE.
I myself never spent much time on GLBSE and was not involved seeking investments in my project at all. I'm a techie.
I quit my project back in April and am still here in Chile working on various own projects alone.
My savings allow me to stay here 2 or 3 more months without any income but I assume it's a bad idea to ask for money on short notice without planning, so I want to at least explore a bit how this would work if none of my projects takes off in time.
I have various project ideas and projects with prototypes running. I could start one of these early stage projects or sell shares of my more successful - yet not profitable older projects.
Most likely investors would want as much information as possible but I wonder if it would add confidence to grant access to my project planning tools and closed beta access to the product? If this should be coupled with a certain investment and an NDA? If I should rather aim for faster development at the cost of hiring developers (I know many that would be available if I had the money).
If I were to program the next angry birds (some of my projects are games) and can convince investors that with 3 additional people we can release a stunning game in 2 months, how would I value the venture? Would that be a million dollar project with a 3% in shares sold to finance the initial release? Would I have to value it to 100k and offer 30% in shares right from the start? I have no experience how to handle that.
Lastly I wonder if people here are interested investing in software projects with rather long term goals when they get promised 8% per week with all the other investments. Are there any traditional projects other than mining operations on GLBSE?
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According to the author, Gavin said:
"The Bitcoin Project will be making a major announcement in September that should contribute some stability, [Gavin] said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos.""
WTF? If Gavin will do an announcement then this will not be in the name of Bitcoin as he does not own Bitcoin to any extent. Since when does Gavin fuel speculation? Do you guys know anything about this? @Gavin maybe? As I read this, Gavin has some personal venture going on that he considers having a huge impact? Or is this just the introduction of multi-sig? If so, why not say it? Grrr... |
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Anyway: I tried the payment feature and I'm very frustrated about having to log in 5 times per day without my password manager managing a damn thing. Can you make the login html based somehow, so the default managers can kick in. This is for sure one more reason not to pay again. Please send me your login to PM - I will check some stuff. And guys, this site is 10 months hard work of developer with 13 years of experience. Do you think someone will spend so much time on site to give it just for free? Be happy that you have still at least one live service that will show you current trades and ob when big moves are going on. I also have my projects that started as free projects with the intention to charge later. I'm also pissed, when people are disrespectful of my hard work. My replies are hopefully not perceived as disrespectful. I try to give you my most honest feedback on who might be willing to pay how much and don't try to make you believe nobody's gonna pay anyway. People that complain about my app I point to my closest up competition. If they still nag, apparently I have what they want and there is nothing wrong with charging them whatever amount. In the end nobody is forced to pay. This approach clearly only works if you are the best in the field which you at the moment are, too. My request to charge less was only as I find the step from paying nothing for a good service to paying a lot for the full product too steep. If you charge according to modules used, price scales both better with user's benefit and with your server load. I'm actually not using at all those modules (after i tried them all once) and the only incentive to pay is to get the total trade volume over a picked time frame. |
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where did you trade him at?
?? Unfortunately I did not find any trade partner via this site yet. I sent it to my Chilean trade partners though. I meant your in person trade #1 in a bar in Viña del Mar Bitcoin Spinner to Bitcoin Spinner. Very smooth. #2 in the street in Santiago Spinner to some Address and then blockchain.info on my phone to show him it has reached him. His internet failed on him. |
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Pay. I ROFLED when I read it... guess if mtgoxlive had taken the challenge and kept up with development I would have rofled, too but now I see no real competitor  But I'm sure there will be. Anyway: I tried the payment feature and I'm very frustrated about having to log in 5 times per day without my password manager managing a damn thing. Can you make the login html based somehow, so the default managers can kick in. This is for sure one more reason not to pay again. |
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where did you trade him at?
?? Unfortunately I did not find any trade partner via this site yet. I sent it to my Chilean trade partners though. |
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so far, only attempts to scam.
too bad, 'twas a promising concept.
*snif* … I'm no scammer No, seriously, what's your point? What's your suggestion? I thought I wouldn't do trades because I'm the only Bitcoiner in Chile but maybe there is something flawed about the site? well it's too easy to fake ratings. some user yesterday: - was active for 2 hours - had one positice rating - from a user that was active for 2 hours and told me that i should send first (600BTC, no less!) because he "had feedback" and I didnt. i dunno maybe have yout bitcoin-otc rating up there? It's just as easy to fake ratings at bitcoin-otc. It's just more convenient to use bitcoinary than otc in the first place. I for example gave up on otc when I wanted to use it last year as other services were more convenient. I did in-person trades so far only. Well, once I was friends with my trading partners, this changed but the first trade I would rather travel an hour to meet that guy than to send bitcoins in good faith. |
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so far, only attempts to scam.
too bad, 'twas a promising concept.
*snif* … I'm no scammer No, seriously, what's your point? What's your suggestion? I thought I wouldn't do trades because I'm the only Bitcoiner in Chile but maybe there is something flawed about the site? |
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I find it overpriced. Yes, there are really cool features. The modules are wow but I don't want to use them. I'm not a day trader but just a bitcoin fan. Please put the accumulated volume back in the free version. This feature where I can mark beginning and end on the chart and it sums up the coins sold and bought. I think you deserve to earn money with this but I hope you get some fair income based on numbers not on a high price. Anyway. I just payed for a week subscription as I really like this site and wanted to test it out but I doubt that I will stay a regular |
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State law requires us to request the following information from people who donate $100 or more (cumulatively) to the campaign: Name, employer, city/town where employed. So what happens if someone donates more than 10 bitcoins? I just wanted to ask the same question. Will he return it to sender? What if I send 5 now and 5 later? Aka what if the total BTC donated exceeds 10BTC? |
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[Also, why isn't this thread in the Marketplace forum under currency exchanges?]
You can ask for moderation and most likely it will be moved. I agree it is here for long enough now so everybody who is only watching "Bitcoin Discussion" found it. |
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It seems that the 'unexpected error' was caused because apparently the transmission fee is no longer a fixed 0.0005 but is instead calculated, and I didn't have enough in my wallet for the amount I wanted to send + the calculated TX fee. The send worked after I tried smaller values, but the TX fee was 0.01 (although, if the TX fee causes a faster transaction I guess I can't complain... would like to be able to customize it though.
1bitcent? What the hack? How can that be? In Spinner you should not be able to have huge transactions. anything beyond 0.001 should be a bug, shouldn't it? |
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"related" but irrelevant. This page is merely a collection of 5 links with nothing behind but a "please donate bitcoins". Sorry, I don't even trust the "Who we are" section as it looks like a one man show. |
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I use Sendgrid to send emails, and sendgrid adds a href so that it can give me a report on opens and bounces.
Not sure why you would think a peer to peer exchange that doesn't hold any bitcoins itself could be a scam.
If I do business with A and get mail with the sender and reply address A with links naming *and* linking to A it looks clean to both my computer and me. In mails, the sender can easily be spoofed and therefore mails are all about their content. If I get mail with links naming A but actually linking B, this looks fishy to me an thunderbird scam detection. I did never accuse you to be a scammer and sincerely hope your service will grow but to get there I suggest you don't use such lousy third party services. I suggested that so that others can build trust. I analyzed the situation and understand before posting here that it is no threat to me but I ask you to take that burden off your users to have to analyze that. (in germany banks teach their users not to enter PINs to any external sites but then started cooperating with external sites that legitimately did exactly that. this is wrong and stupid and the average joe eats it as there is some approved.png on this third party website. teaching your users to click on links to some arbitrary untrusted third party in the realm of bitcoin has the same potential to do harm to your users.) Generally if you get feedback I assume it is a good strategy to try to interpret it as no offense towards you as you need feedback and your reaction "Not sure why you would think a peer to peer exchange that doesn't hold any bitcoins itself could be a scam." is not motivating me to give you any feedback as with such wrong statements about my thoughts mails tend to become very long and time consuming for such little things as "better don't use <href a>b</href>. |
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There was more discussion about this earlier. Basically if you provide an electronic service you could turn your user to non-premium when he ran out of credit and allow him to pay as many months in advance as he wishes to - granting him discount for more months.
Yes, subscriptions are a nice business model as users are too lazy to cancel them.
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you could perhaps export the private key which contains the tiny amount.
then after you've created a fresh wallet, import that key into your new wallet. Ahm. 0.031 fee is not "the private key" but very many. Else it would be the standard fee. |
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Finland rocks  (or we have succeeded pretty well on bitcoin marketing...) Or you have many people heating with cheap electricity anyway? |
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