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Right now making payments via Bitcoins is not instant since you have to wait for confirmations which could take 10 or more minutes. You have to use a third party to transfer bitcoins, such as mybitcoins.com.
So I have an idea to transfer bitcoins instantly using the current system without using a third party.
First the bitcoin app needs to be able to support multiple wallets. If I want to instantly send bitcoins to another user, I create wallets containing coins in certain denominations. For instance, I have a pre-made wallet with 1 coin in it. If I want to pay someone, I send him my ENTIRE wallet.
This way I can go to anyone with a phone or a store and pay him instantly by handing the wallet without waiting for confirmations.
Summary: Ability to have multiple wallets and ease of use. What do you guys think? Maybe we can explore this idea?
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BTC/USD has just cleared the 0.25 resistance and moved to 0.26 $ on relatively strong volume.
RALLY seems to continue...
Seems like the dark pool ASK order on MtGox has been bought fully.
Cool. I wonder if the mining pool has anything to do with this. Maybe it made so big miners go low on business. |
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I got my bitcoins from him.
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The Bitcoin Borg Hive - Resistance is futile.
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I recommend you change PMS (Pooled Mining Server) to some other acronym. PMS is also a popular term for Premenstrual Syndrome used all the time in U.S. popular culture.
lol, everybody who live with woman know term "PMS". But I never used this term for my service; everybody call it simply 'pool'. Although all ideas for better service name are welcome :-) Hehe, ok. Just to let you know on your front page it says Pooled Mining Server http://mining.bitcoin.cz/and the PMS letter is highlighted. |
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I recommend you change PMS (Pooled Mining Server) to some other acronym. PMS is also a popular term for Premenstrual Syndrome used all the time in U.S. popular culture.
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Right now I am programming web based virtual worlds for a living, but I signed an NDA so I don't think I can program a web game without losing my job if they found out.
A non-disclosure agreement? Really? Or do you mean a non-compete contract? You could present the idea of writing an online game for bitcoin to the company, and if they reject it, get that in writing. You won't be in competition with an employer that doesn't desire to compete in that market. A can't remember what it's called but when I read the contract it sounded threatening. The thought of doing it for free has crossed my mind. Shrug. Kinda busy though. |
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Right now I am programming web based virtual worlds for a living, but I signed an NDA so I don't think I can program a web game without losing my job if they found out.
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I have thought about microtransactions in relations to Bitcoins, and while the threshold of what minimum payment can be made effectively with Bitcoins is something that is trivial compared to other electronic payment methods, I don't see payments less than $1 USD being effectively transferred without substantial cost in the near future. Much of that depends on how the transaction fee system evolves as a matter of practice. If transaction fees remain low, microtransactions will continue to flourish and be exchanged in the network... but don't count on it as a long-term business plan for the future. Perhaps other systems like Ripple will develop for those transactions that are effectively less than $1 in equivalent wealth transferred.
What ever happened to all the talk of using microtransactions for games, using bitcoins as a virtual currency? All we need is one social hit game "Bitcoinville" (like Farmville) and Bitcoin will fly like a G6. Farmville made millions of dollars with people buying it's virtual currency. |
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You guys might think I am crazy but I think Pizza4Bitcoins.com could be an industry identifier for tangible items if done correctly. Why? Well for several reasons.
1.) People aren't willing to spend a lot of their Bitcoins they have saved or generated. Pizza requires more than a micropayment, but it's not too bad of a price range of around $15.
2.) Right now it is hard to buy small tangible items with Bitcoins online. If you buy a candy bar online it's $1.00 plus shipping of $5 so it is not worth it as a business model. With Pizza4Bitcoins, shipping is almost free. It's almost free because Pizza Hut automatically includes the delivery charge with the order already.
3.) People like to eat pizza.
I guess the core of my argument is free shipping for food that comes within 1 hour of ordering online using Bitcoins. Yummy!
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... because Bitcoin has tremendous value I think it's ok to lie a little... Because Bitcoin has tremendous value, it's OK to underpromise and overdeliver. It always turns out better that way, in the long run. If you lie, you only need one prominent journalist to say "I tried it, and it's crap, it doesn't do what they say it does", and the public loses interest. I am not sure if I agree with this 100%. Most successful marketing campaigns rely on successful salesmanship and marketing. It's possible that Bitcoin could be analogous to a "sleeper hit movie" where little or no marketing is required, but those kind of movies are rare (Forrest Gump). I'd rather do some marketing to increase the chances of Bitcoin becoming adopted. What I don't want to do is over-promise something and under-deliver. So, I guess the promises need to be "just right". |
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I considered that too. But I looked into Wei Dai's online persona, and he has so many current interests that I don't think he would have time for Bitcoin.
Maybe that what Wei Dai want YOU to think?  I agree that Wei Dai does not have time. He is a busy guy since I've tried contacting him last month. |
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Bitcoin as a type of investment. So the investment business. Maybe as a tool for diversifying your portfolio. Kind of like how websites sell gold as an investment, a collectible.
Baseball cards are collectibles based on demand and a limited supply too. Why not bitcoins?
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nice work slush, i just joined. seems to be working...
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Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.
I think you misunderstand something. Mtgox trades show up in mtgox volume and not on the block chain. Bitcoinwatch tells us how many coins have been sent on the chain (and change as mentioned). Either can be bigger than the other with no contradiction. Ok, I misunderstood. You are right. Mt.Gox volume seems has been low since they started dark pools. Who knows what is going on behind the scenes. |
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Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.
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Is it safe to say Satoshi's paper is based on the work of world reknown cryptologists? For instance in Satoshi's paper he references Wei Dai who basically wrote the C++ Crypto library.
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Thinking outside the box here:
Moon, Mars land registrations using bitcoin.
In general digital lotteries using bitcoin.
Obviously, patents and copyright.
As a side note I don't like the arrogant attitudes of some of the posts in this thread. Some people here talk like everything they say is fact. As far as I know you are just an Internet user to me unless you have earned your respect like Satoshi. Maybe they talk like that to get attention. Not going to mention any names.
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I am hoping the developers implement Satoshi's ideas which are:
1.) Different chains but same CPU pool.
2.) When solving a block give 50 BT and domain name.
I especially don't want a fork so my Bitcoins are worth something.
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