what is the advantage of this over having real keys on paper.
It's the same idea as BitBills just with paper. If they can easily and conveniently be accepted by shops that accept bitcoin then for anyone who already owns a printer they should be very useful. heck if I had lots of shops nearby that accept bitcoins and lots of bitcoins to spend maybe I'd even buy a cheap printer just so I can walk around with paper bitcoins to spend at local shops. I do not understand what fractional reserve and so on has to do with using printed on paper bitcoins though. What would I gain by using a fractional reserve system (backed only by whatever is left over after paying for website expenses or whatever it seems) instead of simply giving my printed bitcoins to the retailer to scan into their own system? Or is it precisely because I don't personally have a printer and maybe have no desire to own a printer that I might find using a website that does own a printer useful as a means of printing my bitcoins? -MarkM- I print them for you and ship the to you  |
|
|
|
Any specifics as to how you want it? Size? Shape? Content? etc..
Maybe involve a bill with a Bitcoin on it. Use imagination from there lol. |
|
|
|
what is the advantage of this over having real keys on paper.
It's the same idea as BitBills just with paper. |
|
|
|
Do you pledge to always keep 100% of the bitcoins you issue as bitcoins? Or do you plan to have some kind of reserve ratio?
Not exactly sure of the question but I will never spend the Bitcoins that should be ready to redeem. I wont spend any of the Bitcoins other than my site fees. |
|
|
|
|
I am on my ipod, so I can not go to deep into it but I have another thread here on the general discussion about it. That leads you to my site..for now. I will most likely buy my own .com for it
|
|
|
|
No.
A better question might be: what would make me trust something like your BitDollars?
If you were bonded or insured for all of the bitcoins that you held, by a bank or insurance company or people I trusted (and were audited by that bank or insurance company or people to see how many bitcoins you were holding on behalf of other people), that might get me to trust you with real bitcoins.
Is there a company that does that? And if there was someone very trustworthy like you or Bruce would have to run it, I wouldn't mine to get audited. |
|
|
|
I am making a site like BitBills but cheaper. Would you be interested in something like this? Just wanted your guys opinions on this. You can go here https://bitcointalk.org/index.php?topic=34972.0 for more info Please tell me what to change and what not. |
|
|
|
|
New bills out in a few minutes. To help counterfeiting I am going to put something on them. Although it's not the best technique, counterfeiting would only happen if someone taded the dollars because I know all the codes, you can't cheat the system with a fake code.
|
|
|
|
They would be cheaper than bitbills..
But will you still be around for customer service when your space exploration program takes off?  Just teasing you! I hope you have success in one of your projects. This is the one I think I have been waiting for!! |
|
|
|
|
They would be cheaper than bitbills..
|
|
|
|
Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
I was born and raised in America lol. I guess I have to pay more attention. And I still live here.. TheBitMan isn't a man he's a boy lol aren't you like 15 ? just saying .... yep |
|
|
|
Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
I was born and raised in America lol. I guess I have to pay more attention. And I still live here.. |
|
|
|
Do you have ADD? You seem to start a new project every few days. Hopefully you find something to keep you interested for a while!  I wish I had an explanation of why I do this but no I don't lol |
|
|
|
|
wow that lacks info sorry, you would then add the code (all different and secret on every bill, keep that code the the qr code between you and YOU only) to the end of the sites url and it will bring you to your page! You can then redeem your btc
|
|
|
|
|
Show Posts
