201
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Bitcoin / Project Development / Re: [RFC] Betcoin
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on: May 26, 2011, 03:56:53 PM
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Yes, my version requires me to verify and mark the outcome of an event.
However, these outcomes are very public and easily verified if any mistakes are made.
I understand you want to add your 'bets' to the blockchain and have a version of auto-settlement - but frankly I'd prefer less blockchain spam / escrow accounting and have it be fully post-up to remove the counterparty risk.
Of course the site would need to be trusted, a la mtgox. I already run a site that has been handling transactions for hundreds of trusting users since January, so that should help.
But of course there will be competition and if another solution works better, then so be it.
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202
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Bitcoin / Project Development / Re: [RFC] Betcoin
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on: May 26, 2011, 03:38:29 PM
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Versions of this are already being built - I'm finishing one up myself. Basically Betfair (sports) / Intrade (current events) with fixed contract size and btc accounting.
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203
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Bitcoin / Bitcoin Discussion / Re: Satoshi's spare change?
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on: May 26, 2011, 02:15:42 PM
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sending .01BTC to satoshi is the new sending .02USD to kidpoker on pokerstars (when that was legal).
As far as the bitter people, i mean 'make bitcoin more fair people' - please start your own blockchain. When others who share your view join, and accept the new coins for goods and services, and it becomes stronger than the original bitcoin chain - I will be the first to congratulate you. Seriously.
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204
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Economy / Economics / Re: What are all these coins being spent on?
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on: May 26, 2011, 12:57:14 PM
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well considering im new to bitcoins and have only acquired about 0.75 btc from mining i haven't spent them on anything. I do plan on betting on an upcoming UFC fight if i can make it up to 1 btc by then. after that.. idk there are a lot of services available its pretty amazing, im very glad i found out about btc before it was too late (wish i would have been here when the price was much lower tho). I dont think I would cash in unless i had over 100 btc to spare because I would rather trade em for goods in my mind its an alternative to $ not a way to get $.
well, betting on UFC fits. take a look at my signature I've seen more traffic as the price keeps rising, so gambling is an active part of the economy and I wouldn't call it hoarding.
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207
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Other / Obsolete (selling) / Re: $25 DonorsChoose gift card - 2BTC
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on: May 25, 2011, 08:04:14 PM
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Do you have two bitcoins? Tell you what, someone (other than jbjbjb) send me ONE bitcoin and I'll donate the money to jbjbjb's charity of choice. Look at those first grader's faces. Help out a fellow bitcoiner. deal. tell me where you want the 1btc shipped, and then just use the card for jbjbjb's project. Make sure to mention bitcoin in your note for the project page so I know you did it
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208
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Bitcoin / Bitcoin Discussion / Re: What's the purpose Behind all the Mining?
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on: May 24, 2011, 07:47:14 PM
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lol I can see how this system will go down when the hype is over and no-one wants to buy the coins anymore.
Right, there can't be a market for fast, secure, frictionless, anonymous (if desired) international money transfers without involving third parties like banks. I guess Western Union, Paypal, bank wires, should be good enough for anyone, right? Thanks for stopping by.
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209
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Bitcoin / Project Development / Re: Mt. Gox Market Manipulation Question
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on: May 24, 2011, 07:39:28 PM
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they better be ready to buy at 6.5 - if enough sellers come in at the same time, it will get there fast and they will be executed. Pretty dangerous way of trying to 'signal' the market.
I'd say it's more likely that person calculated an entry point at 6.5, wants to get the coins at that price, so rather than wait and nibble, they hope to catch a large downswing and get executed.
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213
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Economy / Economics / Re: BitCoin Death Knell?
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on: May 24, 2011, 01:12:42 PM
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Yes, Berkshire Hawthaway has been punished in the marketplace for having such a high price. /double facepalm Plus it is so much easier to buy fractional BTC than fractional BRK/A or BRK/B. I'm starting to really enjoy these "Bitcoin can't succeed because (choose one: mining too hard/early adopters getting rich while I'm new to it and poor therefore it sucks/govt will shut it down/deflation can't work/the cryto sucks/if someone spends X million$ they can take over and shut it down/lost coins are gone forever/it's not backed by anything/it's anonymous and won't be accepted/it's NOT anonymous all transactions are public/it needs inflation/it needs *insert random monetary policy* theory/terrorists and child pornographers and drug dealers use it/it's just like egold, liberty dollar, flooz, or beenz/mining is cracking passwords and everyone will be arrested)" .. ad infinitum. The more I read them the better I feel about the long-term prospects!
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214
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Economy / Economics / Re: BitCoin Death Knell?
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on: May 23, 2011, 04:47:49 PM
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90%+ of these Ops are just bitter.
If you are excited by Bitcoin the technology and can understand the value behind it, i.e. fast, frictionless, semi-anonymous transfers of money without involving third parties, then you would probably see $7/btc as dirt cheap. If you don't see the value in it, look a little harder at the current choices of bank checks/wires, western union, paypal, snail mail, etc. See it now?
but haters gonna hate.
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215
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Economy / Marketplace / Final day of EPL Betting at BTCSportsBet.com !
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on: May 21, 2011, 09:45:46 PM
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Reduced juice available on every England Premier League match tomorrow. The title may be wrapped up, but the relegation battle is pretty crazy. Also reduced juice on NBA and NHL Playoffs, and a full lineup of daily baseball action. Check it out at BTCSportsBet.com - 5+ month track record with positive reviews on the forums and on the OTC Web of Trust.
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