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421  Bitcoin / Project Development / Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE on: July 05, 2013, 07:08:22 PM
Feature request:

Ability for me to cause a new deposit address to be generated for my account.  

Currently, the blockchain shows all my deposits to a single Bitcoin address that get credited to my wallet at ICBIT.

The whole concept of there being a new Bitcoin address for each transaction is so that privacy is maximized.    Because the wallet is a hosted (shared) EWallet, the funds I deposit will likely be withdrawn by someone else, thus there are clues out there that the address is associated with ICBIT deposits and those addresses might get scrutinized further to try to determine the identity or other clues about who is the party responsible.

bump on this feature request.
422  Economy / Economics / Re: Why is bitcoin price not going up? on: July 05, 2013, 06:03:04 PM
Essentially, the value in the Bitcoin economy is being sucked out by ASIC manufacturers.

That very well could be a valid theory.  The miners are convinced that there is a decent chance of spending 1 BTC today and earning more than 1 BTC over the next year or so as a result.  It's a gamble because nobody (except the manufacturers themselves) knows how many Thash/s are on order -- but gambling never is a rational act.
423  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crowdfunding Will Together Destroy Banks on: July 04, 2013, 08:05:40 PM
It's too bad that Crowdfunding is a term that covers both types ... donation-based crowdfunding and equity crowdfunding.  Because the two couldn't have more different properties.

I stand corrected:

Quote
There are four main categories of crowdfunding: rewards, charity, lending and equity-based.

In rewards-based crowdfunding, funds are contributed in exchange for future goods or services. In charity-based crowdfunding, individuals and organizations accept donations from the general public. Reward- and charity-based are the most common forms of crowdfunding and are a good option for non-profit organizations, social causes, artistic projects, and product development. Companies like Kickstarter and Indegogo are prominent examples of rewards-based crowdfunding.
-
Lending-based crowdfunding allows individuals and businesses to lend money from the crowd and repay it with an interest.
-
Equity-based crowdfunding allows companies to get capital from the crowd by selling equity to accredited investors. In general, companies who want to be listed in equity-based platforms have to meet certain requirements like generating certain amount of revenue and passing a series of background checks.
- http://www.bbvaresearch.com/KETD/fbin/mult/1306_EEUUOutlook_2Q13_tcm348-392269.pdf

Obviously, Bitcoin-powered [i.e., w/ investor anonymity] equity crowdfunding is something they have no clue about and isn't even on their radar.

That ASICMINER (currently valued at $180 million ... ) exists, and is likely the most successful equity crowdfunded company in history (by all metrics, market cap, ROI, etc.) says these analysts have some learning to do, and quick!
424  Economy / Goods / Re: TheBitMunchies.com is back up and running! *Under new management* on: July 04, 2013, 01:15:30 AM
This is great news! I've always loved thebitmunchies !  Wink

Was it BitMunchies.com or TheBitMunchies.com before?

Ah, I just read you how you had said that you had to get a new domain.  But the old domain was promoted by someone else:

Bitmunchies.com is intended to provide access to goods unavailable elsewhere in the bitcoin economy.

Though your forum account is from that time so I'm guessing there's some tie between you and the old BitMunchies.  Care to do something to alleviate concern that you might not be the same operator?
425  Economy / Marketplace / Re: New service for the bitcoin community (Bitcoin to cash with zero fees) on: July 04, 2013, 12:57:28 AM
-be able to verify via online banking that there has been a cash deposit made into their account for the correct amount.
-receive a scanned copy of the actual deposit slip used during the deposit transaction.
-receive a scanned copy of the business card of the bank employee who accepted the deposit who can be contacted to verify the deposit.

How can the seller know with certainty that cash was deposited (versus a personal check, for instance)?

Some banks charge extra to perform a counterfeit bill check at the time of deposit.    Is it possible the buyer passes a bogus bill, and then the funds are pulled from the seller's account a day or so later?
426  Economy / Services / Re: local transfers to and from Gox from within Japan on: July 03, 2013, 11:43:49 PM
i have a PP acnt which i could use for these transactions.

There've probably been about fifty people that hoped to provide bitcoin exchange service involving PayPal.   There has been a 100% failure rate (i.e., not a single one still does this), with horror stories of funds frozen for 180 days (at best).
427  Economy / Currency exchange / Re: BTC to Dwolla, anyone? on: July 03, 2013, 11:26:41 PM
So I'd like to sell some BTC for USD.

Until Mt. Gox resumes Dwolla as a withdrawal method, Camp BX remains the only exchange to support Dwolla.
428  Bitcoin / Bitcoin Discussion / Re: Zeevex on Steam, what about Bitcoin? on: July 03, 2013, 10:59:28 PM
This just popped up on my Steam update news and I found that no one had posted anything about it here:

Zeevex + Steam

Incidentally, bitcoins can now be used to purchase Zeevex through Gyft.com
 - http://app.gyft.com/me/cards/purchase/
429  Bitcoin / Press / Re: NEW articles in Press Forum on: July 03, 2013, 10:21:36 PM
It's so much better to follow press in this thread than it is trying to find something new being buried buy old stuff that keeps getting bumped ect.

If you use a link to sort by date, threads formatted properly will appear with the most recent ones at the top:

And for those wondering why [having date as YYYY-MM-DD] is a big deal, ... if the posts are formatted this way, then a link can be used to see new articles sorted chronologically:
 - http://bitcointalk.org/index.php?board=77.0;sort=first_post;desc
430  Bitcoin / Bitcoin Discussion / Re: State of the Real Bitcoin Economy on: July 03, 2013, 09:43:56 PM
he kept asking was if any major retailer is already accepting it.

Not directly.

But gift e-cards are one way to bridge between bitcoins and the fiat methods retailers and e-commerce already support.
 - http://bitcoinmoney.com/post/52164422060

Add up the 12,000 restaurants from Foodler, the retail locations from Gyft (including Burger King, Marriott, CVS, Sears, Lowes, and a ton more), Amazon gift cards from GiftCardBTC.com, and then all the merchants where Dwolla can be used (which includes all the merchants with Lyoness, which accepts transfers from Dwolla) then you will have covered most every category with at least one merchant.    [Lyoness merchants include Best Buy, Priceline, American AIrlines, Chevron, Exxon, Home Depot, Peet's Coffee, and many more]  

For this to happen, the big merchant which starts accepting Bitcoin must be one that suffers deeply under the current payment methods in financial terms. Can anyone here think of such a merchant?
   
High Risk Merchant Accounts
 - http://bitcointalk.org/index.php?topic=73694.0

But if we can build a new type of financial services industry around it that leaves behind the mistakes of the current system it could also be a starting point to a larger adoption of Bitcoin.

That's where the regulatory friction exists.  That's why BitSpend.net is currently offline.  That's why BillPayForCoins.com accepts bitcoins for only rent payments or for payments to your supplier (which they will manually verify to be true).  That's why GLBSE does not exist today.

But you are correct in that there are huge opportunities in finacial services for a Bitcoin.  Western Union should no longer need to exist.  A thousand bitcoin-powered M-PESAs should bloom.  Bitcoin-accepting ATMs could bring fees down to a fraction of current levels.     Bitcoins should be able to secure grams of gold held in a vault somewhere else.   Letters of credit for int'l commerce become trivial to obtain and use.
431  Economy / Speculation / Re: Asic devaluating bitcoin on: July 03, 2013, 08:56:20 PM
When there is a delta (as there is right now) between price of BTC and cost to produce BTC then every new BTC created is effectively being purchased for less than market value, and as of right now for a fraction of market value. So it would stand to reason that the vast majority will be converted to $$ or other currency immediately upon creation.

I'ld previously made the opposite argument.  Back when GPU profitability was low, those miners couldn't save their coins because they were needed to pay the electric bills.    When profitability skyrocketed, fewer coins were needed for the electric bill and thus more coins were saved.

There is one part to your argument that I'ld agree with though.  There were some people who mined rather than buy specifically so that there was no need to use an exchange to acquire coins used to make purchases.  So those people were probably first in line for ASICs and today are getting many more coins than their level of purchases require, thus they can then spend / trade their excess coins as they essentially are considered to have no cost.   I don't know how much of the mining capacity might fall in that category but it could have an impact, surely.
432  Economy / Service Announcements / Re: Purchase Gift Cards for Merchants in USA BTC+Dwolla+a company=Gift CARDS on: July 03, 2013, 08:35:52 PM
Lyoness has added several new online merchants as well as big store names.

Yup ... I updated the list above with new brands that include:

 - California Pizza Kitchen
 - Peet's Coffee & Tea
 - Priceline
 - Southwest Airlines Vacations
 - WorldMarket.com
 - Sears
 - KMart
 - Dollar General
 - Linen's N Things
 - Guitar Center
 - New Balance
 - Golfsmith
 - Zumba fitness
 - Best Buy
 - Straight Talk Wireless (11%!!)

And then I did a search of their loyalty merchants by zip code and noticed a coffee shop where I occasionally visit (and use the wi-fi) is a Lyoness merchant.  I'ld have received enough cash back for a free coffee by now had I known they were a Lyoness merchants and shown my Lyoness v-Card from my mobile with each purchase.
433  Other / Alternate cryptocurrencies / Re: Need funds to buy BTC? Check your Ripple account! on: July 03, 2013, 08:01:08 PM
You shamelessly posted on the Bitcoin Discussion forum, knowing it belongs in altcoin as the mods have said, because you know it will get more exposure, and as a result, so will centralized, closed source, red flag Ripple.

If you look at my post history, ... I've probably mentioned Ripple less than a dozen times ever and I've never before created a thread which mentioned them.

I do, however, want to help people use what's available to them to help their position.   In this particular instance, this involves converting a freebie this post's reader might have long since forgotten about into something of value.

If there was anything shameless, then it was me knowing that if hundreds of bitcoins were purchased as a result of this post, that would help support the Bitcoin exchange rate as a result -- and that is something that would benefit me personally.

I can see your point though.  I too fight away the encroachment of altcoin discussion in threads that have nothing to do with altcoins.  For instance, just yesterday I had posted this reply:
 - http://bitcointalk.org/index.php?topic=248828.msg2642791#msg2642791
434  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crowdfunding Will Together Destroy Banks on: July 03, 2013, 07:49:01 PM
Donation-based crowdfunding needs Bitcoin like McDonalds needs Bitcoin (i.e., it doesn't

There are plenty of restrictions on donating national currencies which Bitcoin can bypass, for instance donating to Wikileaks.

That's a fair response.  I was thinking more in terms of a Kickstarter.  While I'ld prefer to use bitcoins to pay for a contribution to a Kickstarter project, them not accepting bitcoin (yet) doesn't mean I will instead have to pass on it.   But for donations to causes, like you suggest, yes -- it is very important that payment in Bitcoin is an option.  
435  Other / Alternate cryptocurrencies / Re: Need funds to buy BTC? Check your Ripple account! on: July 03, 2013, 07:42:15 PM
I'm so sick of you shills, I thought the mods already handled this.

Heh, ...

I'm suggesting to those who already have XRPs and have no immediate plans to use them that they can cash out of those XRPs to buy bitcoins.  I'm not sure how that can be interpreted as "shilling" for Ripple.

This introduces one way to take advantage of a declining BTC/USD exchange rate by those who otherwise have no funds at-the-ready to buy bitcoins today.
436  Other / Alternate cryptocurrencies / Re: Bitcoin bridge - Ripple on: July 03, 2013, 07:20:30 PM
From another thread:

Many people are sitting on XRP funds they received for free, without realizing that these funds can today be used to buy bitcoins.

[...] now with Ripple's "Bitcoin Bridge" it is even simpler to cash out your XRPs into bitcoin!
 - http://gigaom.com/2013/07/02/ripple-allows-payments-to-any-bitcoin-address-straight-from-its-client
437  Bitcoin / Bitcoin Discussion / Re: Wow! The Bitcoin Bridge - The future is so bright. on: July 03, 2013, 07:17:55 PM
Also, now I can finally cash out my free Ripples with one easy step.

That is a point that deserves a thread of its very own!

Need funds to buy BTC?  Check your Ripple account!
 - http://bitcointalk.org/index.php?topic=249311.0
438  Other / Alternate cryptocurrencies / Need funds to buy BTC? Check your Ripple account! on: July 03, 2013, 07:08:43 PM
Many people are sitting on XRP funds they received for free, without realizing that these funds can today be used to buy bitcoins.

These XRPs sitting in your Ripple account (wallet) can easily be sent to a Ripple gateway (like BITSTAMP) and from there used to buy bitcoins.  Or now with Ripple's "Bitcoin Bridge" it is even simpler to cash out your XRPs into bitcoin!
 - http://gigaom.com/2013/07/02/ripple-allows-payments-to-any-bitcoin-address-straight-from-its-client
 - https://ripple.com/blog/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts

For many of us it should be like reaching into the back of the couch and finding a $20 (the value, roughly, of 1,000 XRP)!   A few who were earlier in the Ripple freebie giveaways got many, many thousands of XRPs -- which are now worth many bitcoins!

And if you don't yet have any XRPs, ... Ripple has more giveaways every so often. SnapSwap.us is a Ripple gateway that will give out 1,000 XRP for anyone who links their bank account.
439  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crowdfunding Will Together Destroy Banks on: July 03, 2013, 06:33:31 PM
especially combining it with Crowdfunding

It's too bad that Crowdfunding is a term that covers both types ... donation-based crowdfunding and equity crowdfunding.  Because the two couldn't have more different properties.

Donation-based crowdfunding needs Bitcoin like McDonalds needs Bitcoin (i.e., it doesn't, and if it did start using Bitcoin neither Bitcoin nor that service would necessarily notice much difference).

Equity crowdfunding using bitcoins, .. well, now you are disrupting not just an industry, but dozens of industries.  Radical cost savings and an immense increase in opportunities opens up.

Unfortunately ...   with the exception of a handful of people, the world just isn't able to digest this just yet.

It will come.   It won't be pretty (as those being disrupted happen to be those who hold the power today) but it will come.
440  Economy / Speculation / Re: Asic devaluating bitcoin on: July 03, 2013, 05:35:04 PM
Hello, i think asics are devaluating bitcoin and will continue to do so because they are extremely cost efficient (i mean electricity per gh).

You are making the classic mistake in thinking that in crypto coins that the cost of production has anything to do with the market price.

If there was no limit as to how many bitcoins could be mined, you would have a point.   Production would increase, and the flood of additional bitcoins would suppress the exchange rate until mining no longer is lucrative -- and an equilibrium would be reached.  

But with mining, difficulty adjusts and thus no matter how much additional mining capacity comes online, roughly the same amount of bitcoins are produced day after day.

So the amount of mining occurring (hashing capacity) doesn't drive the price, but instead is simply a reaction to price.

Because of how efficient ASIC mining hardware is, the cost of electricity is a trivially low percent of the mining revenue.  This contrasts how with GPUs the cost of electricity does now (... or soon will) exceed the revenue.  

So ASIC has (or will) demolished the profitability when mining using GPUs, but it has little to do with the exchange rate.  (other than, perhaps, miners investing their coins to buy ASIC hardware, and in turn ASIC hardware vendors flooding the market with coins when cashing them out for R&D and manufacturing costs.)
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