|
Seems good to me.
I'm sure there are pros and cons, but you could limit your exposure and risk by doing one item until it sells out. That way you can focus the whole site on one item at a time. Pictures videos and reviews all making one thing look great. You could potentially get to the point that people will give you special deals to pimp their product. You could archive all past items and send people straight to the source after your stash runs out.
I guess a downside would be if you have a dud and have to mark it as a failure and move on. I guess you could go super cheap after a certain time, but you don't want people to get used to that or they may wait for it.
|
|
|
|
To me this DSK affair is a shame for my country. Especially since french medias knew about his perverted behaviors, but they didn't talk about it, pretexting it was his "private life".
I'm ashamed to be french, honnestly.
You shouldn't be ashamed to be French because of this asshole any more than we should all be ashamed to be human because of him. I just hope stuff like this eventually makes it click in people's heads that our overlords are not looking out for us. |
|
|
|
We do talk about "putting X in BTC", but this isn't really what happens from a global perspective. Nothing gets inside anything except from one person's perspective. When I trade USD for BTC. It feels like I'm putting my dollars into BTC, but obviously someone else is taking out the exact same amount at the exact same time. Nothing is lost or sitting idle. The same is true if I work for bitcoins. My work still accomplishes the exact same amount regardless of how I take my pay.
The reason most economists say that inflation is good is that it funds the government that pays them. It's really easy to overlook things when your livelihood depends on it.
Even independent economists will tell you the same thing. And it just makes sense, really. If you have less incentive to place your extra funds into investments, then fewer investments will be made. With fewer investments come larger barriers to entry and startup costs that have to be paid by the company founder. With fewer companies comes fewer jobs. More investment does not mean better investment. Only endeavors that make people better off should be using resources. A good currency is a guide for telling people what is creating wealth and what is not. More jobs is not necessarily a good thing. If there is a way to accomplish something with less work is that worse? I think there should be exactly the number of jobs that people want. Currently we have mega distortions. People being forbidden from doing certain things and forced to do other things or pay a certain amount and not another. This results in the loss of jobs that people actually want which is tragic. But the answer is to let people be free to work as they like or need to and not to do things like manipulate the currency so they are too poor to stop working. Hard to argue with that reasoning... good thoughts. Thanks. I know it's not standard stuff. It's always hard to think of the fundamentals of mainstream society being wrong. I've been reading Bitcoin comments all over the web today and it's amazing to see how angrily some people dismiss it without even thinking. I love the idea that people will end up getting paid according to how open they were to figuring out that this will work. |
|
|
|
We do talk about "putting X in BTC", but this isn't really what happens from a global perspective. Nothing gets inside anything except from one person's perspective. When I trade USD for BTC. It feels like I'm putting my dollars into BTC, but obviously someone else is taking out the exact same amount at the exact same time. Nothing is lost or sitting idle. The same is true if I work for bitcoins. My work still accomplishes the exact same amount regardless of how I take my pay.
The reason most economists say that inflation is good is that it funds the government that pays them. It's really easy to overlook things when your livelihood depends on it.
Even independent economists will tell you the same thing. And it just makes sense, really. If you have less incentive to place your extra funds into investments, then fewer investments will be made. With fewer investments come larger barriers to entry and startup costs that have to be paid by the company founder. With fewer companies comes fewer jobs. More investment does not mean better investment. Only endeavors that make people better off should be using resources. A good currency is a guide for telling people what is creating wealth and what is not. More jobs is not necessarily a good thing. If there is a way to accomplish something with less work is that worse? I think there should be exactly the number of jobs that people want. Currently we have mega distortions. People being forbidden from doing certain things and forced to do other things or pay a certain amount and not another. This results in the loss of jobs that people actually want which is tragic. But the answer is to let people be free to work as they like or need to and not to do things like manipulate the currency so they are too poor to stop working. |
|
|
|
I think some people are just pissed that they wont be getting $2000 worth of BTC for $300.
Absolutely, and rightly so since that is exactly what he agreed to deliver. He could just as well have been handing them worthless or 1 penny bitcoins by the time the money came in. No one made him promise to honor the rate at the time of sale, but he did. |
|
|
|
I'm in California and I did a locked in rate transaction with bitcoin4cash at $1.44. It took about 2 weeks for bitcoin4cash to receive my cash and I received all of my coins at $6+.
Are you saying he gave you the higher rate even though you locked way low at $1.44? If so, that would be heroic of him. No, he's saying he got the low rate that he agreed to. Nothing heroic about something keeping promises. |
|
|
|
|
If there is some way to solve another problem while you look for blocks then great do it and tell others how.
If there isn't or you can't figure out how then choose a problem to work on.
Don't go to the pants forum and tell them they should make socks.
|
|
|
|
If bitcoin is made illegal, I will immediately delete my wallet. Because to me, the law is more than an opinion backed by violence .. It's my moral compass. If it wasn't for the the law, god know's what I'd get up to.
Tell me you aren't serious. I'm going to read your other posts now to find out.  Made you look! Haha, yes, you are in the clear. |
|
|
|
If bitcoin is made illegal, I will immediately delete my wallet. Because to me, the law is more than an opinion backed by violence .. It's my moral compass. If it wasn't for the the law, god know's what I'd get up to.
Tell me you aren't serious. I'm going to read your other posts now to find out. |
|
|
|
No matter how I structure GLBSE, eventually the money they you pay for issued shares is going to be given to the issuer. Once they have it there is really nothing GLBSE can do to take it off them, NOTHING.
You're only protection is investigate who the issuer is, and if it's someone you would trust to NOT run off with your bitcoin then fine.
What we did with BitcoinGlobal was we found a forum member who we considered to be trusted, had a history of being trustworthy and a good reputation on the forum(so he has something to lose by ripping us off) to act as our company treasurer. He's the one with all the money. But at the end of the day he'll give it to me to cover expenses.
That's not what he's talking about at all. He thinks "I make a billion shares. I sell one for 1BTC. Now I has one billion BTC worth of shares." The problem only exists for people who think that way. Reality is you have a billion shares that no one is buying and 1BTC. |
|
|
|
Oh my god, how stupid is that!??
I guess it's brilliant if you are the one spending the money and have no morals? It's still silly. If you set your own credit card limit you don't really have a limit do you? |
|
|
|
How will Bitcoin work when refunds are not allowed. IMHO that is not good and will slow adoption.
Bitcoin doesn't allow chargebacks in the exact same sense that the dollar doesn't allow chargebacks. You have to build something on top of the dollar, like PayPal, to do the chargebacks. If people want to pay for it then someone will make it for bitcoin. |
|
|
|
Sorry, I should have been mor specific. What I meant is more of a petition encouraging laws protecting electronic currencies.
Watch out for what you wish for. Laws are nothing but promises of violence. |
|
|
|
|
We do talk about "putting X in BTC", but this isn't really what happens from a global perspective. Nothing gets inside anything except from one person's perspective. When I trade USD for BTC. It feels like I'm putting my dollars into BTC, but obviously someone else is taking out the exact same amount at the exact same time. Nothing is lost or sitting idle. The same is true if I work for bitcoins. My work still accomplishes the exact same amount regardless of how I take my pay.
The reason most economists say that inflation is good is that it funds the government that pays them. It's really easy to overlook things when your livelihood depends on it.
|
|
|
|
I think that futures, shorts, options, bonds and other deriving
stuff similar to that is a great danger to the btc
None of those things are dangerous to the bitcoin system. All of them could be dangerous to your coins if you use them incorrectly. Leverage is just borrowing to buy. If you borrow to buy and lose that sucks for you. If you borrow to buy and lose and can't pay that sucks for the guy who loaned you the money. All those instruments will strengthen and stabilize markets as they allow people to use bitcoin without taking risk that they don't want by hedging it away. A contractor gets half up front and half afterwards so he uses a little to buy puts now to guarantee that the coins he'll get later will buy him that new machine. He reduces his risk this way which makes bitcoin more valuable to him. Hopefully we will have good markets for this stuff soon. |
|
|
|
3) The world's first trillionaire (by USD valuation) will be one of the first big investors in bitcoins.
I just did the math on this and I actually think It's unlikely. 1) davidonpda estimated that satoshi could have on the order of 1.5 million bitcoins. That's 30% of outstanding bitcoins, but it will decrease to 7%. 2) It seems unlikely that anyone would, or even could buy a 30% stake in bitcoin today. At today's rates that would cost something like $50 million... and that's if you could get liquidity at that price point. I'm not sure you could buy 1.5 million bitcoins at any price. 3) For satoshi's 7% stake in a 21m bitcoin supply to make him a trillionaire, the bitcoin economy needs to be worth $14 trillion total. That's the entire US GDP. The only way for that to happen is if bitcoin becomes the standard currency for an economy the size of the US, Europe, China, or everyone else combined. But I suppose given inflation of the dollar, we'll all bit USD trillionaires someday.  In addition to needing Bitcoin to dominate the currency world he would have to turn down buying mansions and yachts and space travel when he was a mere billionaire in order to preserve his stash in full. |
|
|
|
|
I don't think there is a problem here besides people confusing themselves by using mark-to-market accounting.
|
|
|
|
Even if "The US" bans such things as Bitcoin in its usual arrogance by declaring it part of "The War on Terrorism and Drugs" or something, i think that in the vast majority of the world - or as the Americans call it "the rest of the world" - Bitcoin will continue to do well...  If the US bans bitcoin, much of the rest of the world would gravitate towards it because it irritates the US government. Including many US citizens. I was just about to say that. Everyone in the US breaks laws every day. Some accidently; many on purpose. Unless the gov starts murdering smalltime users a law will have little effect. |
|
|
|
Big deal, so 20 people get stinky wealthy for being 'early adopters', so what. There will be much more people who will regret for the rest of their days and get ridiculed by grandchildren about buying a pizza for a 10kBTC or selling all their bitcoins for .70$
On this basis you can refuse ever buying shares of Google because Larry and Serge got zillions of them for "free".
In any case most of those initial 'easy' money are going to be sold for peanuts i.e. less than 1000$/BTC.
I'd bet that the guy who bought the pizza for 10kBTC is one of the 20 (or 20000?) who will be stinking rich. No one is going to be ridiculing him, let alone his lucky grandkids. Buying that pizza might have motivated him to ratchet up his collecting. And it might have helped kick start the use of Bitcoin as money. |
|
|
|
|
I imagine software that lets your employees queue up transactions and attach a note and then you or someone responsible logs on and sends the batch out.
|
|
|
|
|
Show Posts
