This.

Merchant adoption and people getting income in bitcoins -- these are the real revolution.

Yes.

No but I have also checked the UK government's site, it just didn't have an easy way to link to the search result. Go [link=http://www.companieshouse.gov.uk/]here[/link] and search for the company number 07370933. It explicitly lists the company as OVERDUE.

Not that that means the site is a scam. It just doesn't particularly instill confidence.


Nope, probably not. But I also have no evidence that your company has any contracts to sell mastercards.


Trying to squelch open communication about your service also does not instill confidence.

I don't see why not. I am in the process now. When I get to the front of the verification queue, I'll know for sure.

This is for discussion of this announcement, because that thread has been locked:

https://bitcointalk.org/index.php?topic=191877.0


My first question is: I looked up your company number 07370933 in the UK:

http://companycheck.co.uk/company/07370933

you are behind on your business filing (overdue as of 2012-09-06), and the company name is different: "Pages Jaunes Pro Ltd".

Care to explain?

I went in search of SSDs on bitcoinstore.com, and they're almost all out of stock. Why?

beat me to it

I agree with OP, "decentralized exchange" is a vaporware concept.

From what I can tell about buttercoin, it's not a decentralized exchange, but rather a scalable and fast order book. I do expect the mtgoxes of the world will soon upgrade to scalable and fast solutions.

Even with ripple, you end up with centralized USD gateways, whose IOUs are not all the same value. In other words, if the community trusts a certain kind of USD IOU a lot, say mtgox, then it's worth about 1 USD (or possibly even more, I suppose, when there is high demand for it, like now). On the other hand, bitfloor USD IOUs would probably be trading at a deep discount right now.

The point is, this idea that "a dollar is a dollar" regardless of where it is, who is holding it, how accessible it is, etc., is just false. This "decentralized exchange" idea seems to rely on this false premise.

If somebody wants a fast and reliable exchange, I propose another solution: build a conventional exchange (1) in a friendly jurisdiction (2) with solid banking contacts, (3) hire some HFTs (like myself) to make your technology good, and (4) restrict access to a smaller, more managable number of market participants (read: brokers).

It almost doesn't matter how much the ltc/btc rate goes up before ltc hits gox. Once it hits gox, it will go up further.

Once the code is open sourced, anyone want to speculate on the alt-ripple networks? Why should we use the infrastructure that opencoin presents instead of some clone?  Maybe the clone will have faster transaction times or something .  Time to go reserve pipple.com and dipple.com?

I disagree with this analysis on a couple of levels:

1. Exchange fees on, say, mtgox are half a percent. When you start doing significant volume, it goes down to a quarter percent. There's room for that in your margins. And I'm betting it's insignificant in comparison to whatever the credit card company is charging you.

2. Even if you had to go to 4% (which you do, due to credit card fees, right?), customers would still buy from your company. Just ask Bitinstant. Or better yet, convince some wealthy bitcoin investors that you really can do it, and watch the investment dollars pour in.

3. Having your own exchange would probably not even save you/your customers anything, especially if the credit card thing works out. Dollars would fly into your exchange, and drive the price up relative to mtgox and other exchanges. Arbitrageurs would step in but there's a limit to how tightly they can keep markets in line, and 4% is not out of the question (ever look at the price differential between btc-e and mtgox?). Because of the higher price on your exchange (and likely wider spreads, at least for the first year+ unless you magically steal a huge chunk of mtgox's liquidity out of the gate), customers would end up paying 4%+ over the mtgox price anyway to buy bitcoins. This is what happened with bitfloor, because they provided an easier/faster way for US folks to get cash onto the exchange but didn't have mega gox liquidity.

I think the real challenge here is to get started with the credit card thing, demonstrate that it can be done profitably, securely, and legally. At that point you could probably sell your company to Bitinstant for a handsome sum. Though you might prefer to keep making money hand over fist for yourself. And hey, maybe then you can look for a strategic partner with an exchange to shave off another .3 percent for the benefit of your customers (or profit margins).

I think this is currently the state of the art for buying bitcoins with a credit card:
http://howdoyoubuybitcoins.com/with/credit-card/

Is this actually true though? Every time I press a ripple guy on this, they end up talking about IOUs. If I actually want to send bitcoins to someone, instead of IOUs for bitcoins, ripple doesn't help me, does it?


I can see a distributed order book happening, but won't there still be a need for mtgoxes of the world to clear the dollar side of the transactions?


Merchants are going to start accepting IOUs for bitcoins instead of real bitcoins?

I was unaware tha
I was under the impression that no dividends had been declared.

You could make an entire company around just this, if you truly have it figured out. Forget the exchange, you could make millions just selling customers bitcoins via credit card, if you could actually do it and not get fleeced by scammers.

How is the wallet-stealing client being distributed?

I tend to side with your husband. You risk a lot day trading, not to mention the time and mental energy you're putting into it. Sure, you might make more money, but you also might miss out on a lot of upside by not holding as much bitcoin as you would otherwise be holding when the price goes up.

As with gambling winnings / losses, you will probably hear much more about the gains than the losses in replies on this thread. Not like what your husband says, where people pretend they didn't lose. Just that people tend to tout their winnings, but those that have lost will tend to not post about it, or maybe they're fed up with bitcoin and have left the forums.

You still might want to trade, but only if you really specialize in trading, really know what you're doing, and believe you have an edge that few other traders have.

For most people who trade, the emotional rollercoaster leaks into the rest of their life, too. It's a cost many traders underestimate. If you weren't trading, what else could you be doing with your time and energy? Go learn to dance or something . Or if you want more coin, do something you're good at or love doing, get paid for it, and then buy more bitcoin. Tuck away some money into bitcoin every month, to dollar-cost-average.

Finally, if bitcoin really takes off, you're not going to care all that much that you got in at $120 instead of $60. Millions divided by two is still millions.

Do it! And enjoy. I look forward to some pull requests down the road .

Looks to me like it worked. "Wallet Hack" seems like an appropriate choice.

In case you decide you are interested in Litecoin Widget..:


LW is developed mostly on my Android 4.0 device, but I try to support back to SDK version 8.


Yeah LW lets you do this, and also set the "old world" currency (and estimates the value in currency X if necessary).


This is not done in LW, but a number of people have requested it. It would be a welcome improvement.


Again, I'm not excited about including charts because of the complexity, potential power drain (are you logging the data yourself?), and UI clutter it could cause. I could be convinced otherwise.


All three of these would be nice features for LW as well.

I think you can just edit your original post (at the top of this thread), and change the subject.