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3201
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Bitcoin / Bitcoin Discussion / Re: John C Dvorak poo poos bitcoin
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on: October 24, 2011, 12:33:00 AM
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a convoluted encrypted monetary unit whose complexity is beyond baffling to the layman. But he's probably right about this I'm afraid... Old guy on Jekyll Island: This might not work, you know most people aren't going to understand. Another old guy: I don't think that's going to be a problem. |
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3203
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Bitcoin / Project Development / Re: mtgox requires physical identification
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on: October 23, 2011, 09:07:11 PM
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I hear this more and more and it makes me nervous.
If you have to take people's private information you do it upfront. It is BS to take money and hold it ransom.
+1 And it's not just BS, it's theft. +1 I really don't think that is too strong a word at all. I've been recommending them in the past, but won't any more and I won't keep a balance on there for convenience like a used to. Magical Tux other service Kaly Host has also turned to garbage. I've been avoiding saying it publicly because they've been good in the past. But it's been almost 3 months with no response from support for my account and for the account of a friend who I refereed there. It is bad to the point where he owes money imo. |
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3204
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Bitcoin / Bitcoin Discussion / Re: What should one do with all these pages?
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on: October 23, 2011, 07:24:49 AM
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Why would people want to get to page 247? They don't know what is where and will be going in order usually right?
If some category has that many results then people will want filters or search, not a way to look through 500 pages one by one.
Well one possible reason would be is maybe your sorting your results by alphabetical order and you want to get to the letter "G" so you just kind of make a guess towards the middle and click on the middle page then go up or down from there in the same proccess until you get to "G"'s this same idea can be applied with different sorting methods such as if I was sorting by price maybe I want to find the 50BTC range it would take for ever if a person had to load every page just to get to it... Right, I guess you need the enter number of page functionality for the time being then. Ultimately a filter for price range and other variables would be a lot better than a repeated guess and modify guess system. The site does look pretty good. Glad to see people who care about their bitcoin businesses. It's amazing how far things have come in a year. edit: That's not to say at all that people didn't care a year ago. It's just more appropriate to put time into image and such now that there are so many more potential customers. |
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3205
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Bitcoin / Bitcoin Discussion / Re: What should one do with all these pages?
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on: October 23, 2011, 02:05:21 AM
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Why would people want to get to page 247? They don't know what is where and will be going in order usually right?
If some category has that many results then people will want filters or search, not a way to look through 500 pages one by one.
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3206
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is UNIQUE
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on: October 23, 2011, 01:54:23 AM
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Well said OP.
Tonight I had dinner with my father, and explained the coin to him. He lit up immediately, and was blown away by the ramifications racing through his mind. "It will revolutionize my whole industry," he said... and I responded, "and every other." As he left for the evening he mentioned he probably won't be able to sleep tonight.
Why is it that some of us see this thing as a true - to use OP's word - transcendence, while others see it as an impossible and laughable scam with no value? It's as if we've stumbled upon the first printing press sitting alone in a meadow, and as we marvel at the possibilities of such an apparatus we're incessantly distracted by other onlookers who, noting that nobody uses such a thing, endeavor to condemn and deride our exuberance.
I think some of us will be looking back quite fondly on the work we're doing right now.
+1 and could you imagine sitting around badmouthing the printing press? I really don't understand the hate. |
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3208
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Bitcoin / Project Development / Re: mtgox requires physical identification
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on: October 22, 2011, 10:52:56 PM
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I hear this more and more and it makes me nervous.
If you have to take people's private information you do it upfront. It is BS to take money and hold it ransom. They know it costs them customers that's why the obtrusive requests come afterwards.
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3215
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Economy / Economics / Re: Bitcoin price drop oct 2011
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on: October 21, 2011, 08:45:51 PM
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So, by my guestimated calculations, bitcoins are being sold for less than their average cost to produce. If that is the case, there is not much hope for a bottom since there is no economy to sustain it.
When the price to buy is less than the cost to mine people will tend to buy more and mine less. This will bring the price up and the difficulty down. They will meet somewhere. No one really knows where. If you are worried about mining completely stopping, I wouldn't. People have different costs and will not all stop at once. This will give the difficulty a chance to adjust. Just because you paid a certain amount for something, it doesn't make it inherently that valuable to other people. If miners were buying bitcoins at that price, then there would be some value lock in. But if it simply costs them that much to produce, well then mining will be dictated by market price not the other way around. Since the inflation rate is locked in by difficulty, the actions of miners can't actually affect the value of the coins, except perhaps through the ability to accumulate and sell in large blocks. If they mine unprofitably it makes no difference to the market exchange rate. Yeah, I know. All I'm saying is that if anyone wants coins and it is not profitable to mine them people will buy them instead. This will push the price up until it makes more sense for the marginal user to mine than to buy. All of this assumes some demand, but not any particular amount of demand. |
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3216
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Bitcoin / Bitcoin Discussion / Re: At what pricepoint is bitcoin dead?
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on: October 21, 2011, 08:43:19 PM
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It would be safe to say Bitcoin is officially dead when you can't get a pizza (or two) for 10.000 BTC...
It was already like that for months (a year?) once. Maybe it was dead and rose from the grave? If it can do that then death is not so scary, eh? |
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3217
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Economy / Economics / Re: Bitcoin price drop oct 2011
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on: October 21, 2011, 07:05:01 PM
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So, by my guestimated calculations, bitcoins are being sold for less than their average cost to produce. If that is the case, there is not much hope for a bottom since there is no economy to sustain it.
When the price to buy is less than the cost to mine people will tend to buy more and mine less. This will bring the price up and the difficulty down. They will meet somewhere. No one really knows where. If you are worried about mining completely stopping, I wouldn't. People have different costs and will not all stop at once. This will give the difficulty a chance to adjust. |
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3220
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Economy / Currency exchange / Re: Want to sell coins safely for PP?
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on: October 21, 2011, 01:35:49 PM
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But someone please tell me how we can be ripped off after the coins are sent. "Humans are evil" isn't really helpful. I thought I was up on what the PP issue was, chargebacks. I'm not saying I can reduce it in a general sense, just that I have a list and source of people I trust. If there is a problem besides chargebacks and human nature, I'm all ears.
Well if you have steady buyers, then service them yourself? Just become the middleman, that way the legit buyers you know will have some sort of insurance if things go wrong. if you are legit. I don't want to or like to use PP or banks. I'm also not selling coins so I'd need to buy them back somehow. I just want a solution for these people and thought I might find someone here. I would be willing to sell insurance for part of the markup. This would probably be best as it will keep me conservative with referrals too. This is just one of those posts that seems too good to be true. I need my customers to be able to get coins. I'm not going to handle PP. If someone who can be reliable wants to help then I'll help them help me. I'm not making things up or scamming, it's all true. |
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