I recon this approach would work for any site or B&M that accepts their gift card. Let's say I want to go to dinner tonight at Applebees and want to use my re-loadable gift card which is low on funds at the moment. I could top it off via Bitcoin with your approach. Genius!
Oh wow, you're right. This approach to Bitcoin integration actually has far-reaching implications. We should probably get it working ASAP and have it mentioned on lovebitcoins.org. |
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The interesting part is that there is a place to enter a gift card on the final order page, AND it's AJAX. That would make it really easy to have the script wait for the gift card code from the server, submit the gift card code, and then submit the order.
Hmm, that's another way to do it... we have two approaches then, essentially: (1) Pay for the order in BTC, and don't actually complete the order. Hand the order to the Bitcoin Amazon service and have it complete the order (whether through a human operator or by bot) (2) Pay for the order in BTC, get an equivalent gift card code, and use that to complete the order instantly. I do like the second one more. |
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Today's technical analysis
brought to you by ineededausername
The indicators
1. In the very short term, another spike up is somewhat likely -- MACD crossover. At the very least, we are going to see some buying momentum.
2. All bullish indicators (RSI, MACD, PPO, OBV) are remaining bullish despite the recent correction, which now appears to have merely been a consolidation.
3. Additional note: PSAR is at 5.25, a major support.
4. Hourly indicators are cautiously saying that we should be emerging from the correction.
Trendlines
1. We just broke out of a short-term (hourly) downslope, a bullish signal.
2. Long term trendline is at 5.25. This is a major support level -- VERY strong, as the PSAR is also here.
3. Another mid-term trendline is at 5.5, another strong support.
4. Strong support in the 5 region means that the lowest we can get is 5.75.
Spike analysis
Let's use the 6.6 range as a standard shorting range. Then we have:
~7.25 for 10:1 liquidation, triggered by any spike up to ~7.2. I'd say this will not produce too much of a squeeze.
~8 for 5:1 liquidation. This could produce another giant chain of spikes like the one from 4.8 to 7... but requires ~25k BTC of buys right now. We'll see if another large USD inflow on Saturday can do this for us. If it spikes to 7.5, I'd say 8.5 is a likely target, and maybe even 9 if the depth is small enough on the ask side. In fact, 10 is not outside the realm of possibility for this weekend, but consider it a 2% case.
Thus... major spike resistance: 7.22 (prev high), 7.5, 8, 8.5. 8 is probable this weekend.
On the other hand, if we are correcting, I'd suggest going long at ~5.75, if we get that low, based on previous analysis.
Depth analysis
10k BTC is needed to move $0.75 up and $0.50 down. We are entering a time of low depth... watch out for volatility. However, support at lower levels is much stronger than resistance on the way up. Watch out for the depth to $8 -- if it's constantly decreasing and it reaches ~15k, we could see a possible spike up. This depth signal requires confirmation from other indicators.
Conclusion: a correction below $6 is a MAJOR BUYING OPPORTUNITY. In the lower ranges of $6, I would suggest buying. On the way up, $8 and $9 are possible targets this weekend, with $10 setting the maximum for an extreme scenario.
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If ask depth is simply allowed to form again, we might go back down a bit. Another major upward spike will definitely happen in the next 18 hours though, so keep your eyes peeled.  |
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Up it goes! |
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Clearly, Amazon isn't about to start accepting Bitcoin anytime soon. This proposal outlines how a userscript could basically fully integrate Bitcoin into Amazon, whether they like it or not.
For the developer's convenience, the proposal outline is so specific that all a developer has to do to fill this need is blindly and brainlessly code up a userscript. I'm too lazy at the moment, but someone's probably going to code this up.
Now, you ask, what are the benefits? One can already buy products on Amazon with Bitcoin.
However, from the technically-challenged end users' viewpoint, a familiar interface is infinitely better than another site. Also, integration is good for everyone... nobody likes having two tabs open when one would do, or ordering a gift code, waiting for it, and then finally receiving it and using it to buy things.
Requirements:
1. Service for placing Amazon orders via Bitcoin. This must accept API calls for the following:
> Create new order with selected items and shipping/billing address
> Get new address for an order
> Get current price of one bitcoin
The service must also be able to detect if the appropriate amount has been paid to the address, upon which someone (bot or user) is notified and orders the product.
2. Cloud wallet API
3. Transaction radar websocket API
Actions taken on all pages: BTC / USD / Both options for price display. Replaces all prices with the appropriate amounts using the Amazon service's determined price (whatever it is).
Actions taken during checkout: Add "Pay with Bitcoin" to the payment options. This does not open a new page, but overwrites the current one.
New Bitcoin checkout page:
Displays payment address, final payment amount, deadline for payment and a QR code just for kicks, and also submits a request to the backend to create a new pending order.
Opens a websocket connection to some transaction radar API, and listens for your payment, while displaying a scrolling address bar.
A confirmation popup then appears, saying that you need to pay X bitcoins to address Y, and asking whether you authorize the transaction. If you click OK, it executes the transaction with the cloud wallet. (Alternatively, we could use a local Bitcoin client with RPC, but this is not necessary because of the demographic we're targeting.)
When you are done paying, the page hides the scrolling address bar and tells you that you're done, but that the order needs to confirm.
While you go get a coffee, another scrolling address bar appears.
When X confirmations have been detected by the transaction radar, the page displays a success message. Big green check mark included.
To be clear, the backend does its own confirmation, and does not rely on the userscript for confirmation. (Of course!)
This page must conform to Amazon UI standards and look exactly like an Amazon page.
This is probably not the most secure userscript (I don't know much about security). However, I'm just throwing the idea out there, and maybe one of you can make it usable, intuitive and secure.
Is this a stupid idea? If not, can it be made secure? If not, are there any other problems with this implementation?
If this can work, one of you can code it up in 10 minutes and we can have a new marketing tool.
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Long long ago (September), I was inspired to make this picture because of all the shit about Bruce Wagner and SA. Here we go again.  |
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Any takers? I can send first for reputable members, or use a reputable escrow if needed.
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The sad thing is , the bitcoin proponents act like this exact thing can't happen to Bitcoin. It is simply a matter of scale. Someone hacks deepbit, someone gets upset at Gavin doing some changes (Luke already has threatened along these lines in developer chats) and expect your Bitcoins to be heading towards $0 USD.
Bitcoin is inherently insecure, all these altcoins (including SolidCoin) have pinpointed most of the flaws. Only one chain (SolidCoin 2) has done anything to address the most serious security issues and that is why we are the only alt chain which hasn't had a major attack on it. Luke and co continue to attempt to lie and attack SolidCoin and get nowhere. It's pretty funny all the fail.
No major investmest is going to happen in Bitcoin because it's inherently insecure. It's like a bank telling it's customers that their money is safe purely because they have 49 guards with guns. Then 51 criminals with guns get together and steals the money. With no other security in place it is just a matter of time before it is attacked.
because everyone knows your centralized architecture is much better, right? Hey, it worked for the Fed. Your users must enjoy the lottery you built in to your shitcoin. I also heard that they're stealing money from the CPF. But whatever, it's not much worse than the Fed, right? |
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I wasn't expecting a Spanish Inquisition! |
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next: TPRLO
toilet paper rolls love onions next: FCKGW |
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sorry, everyone. I didn't post a $8 today?! thread and consequently, the market tanked.
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Plus I have sand in my vagina because I decided to go long at $7.15 last night  I have a message for my fellow bulls, who have been zhoutonged or hurt by this correction. The correction is actually an enormously bullish sign. Here, look at the charts.  On one of the highest-volume days in the history of bitcoin, almost 1.5 million dollars caused a massive correction down... but is it so massive? As 8PM draws near, we are ending up right back where we started. Indeed, on this chart, the net result of the $1.5 million correction is a brief blip in a sea of green. It has caused a change of -25 cents. Again, $1.5 million is one of the highest volumes ever recorded in the bitcoin markets, and all it caused was a small correction, which barely registered in the technical indicators. What does this mean for the continuation of the rally? |
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whoa, I'm actually a relative bear compared to everyone else
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Is there anyone with an extra car who would be willing to lend it?
It would work out best if you were in western PA, North Carolina, or central Florida.
I'll need it for about 2 months. Nothing too fancy needed, just not falling apart.
I don't know how much visibility this post will get so if you see it and can put me in touch with someone who ends up being able to help I'll throw you a few coins too.
How much would you pay me to drive my car around for 2 months?  http://goo.gl/xMniuI swear to you it is as fun as it sounds! Has two turbos getting put on as well. I wonder how fuel-efficient that thing is... |
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They are ostensibly different people... |
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proudhon: maybe it's time to change your avatar to something more appropriate now  my vote goes to this +1 |
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As the market suffers a correction, pirate runs out of room again! Time to send all your money to my side business |
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proudhon: maybe it's time to change your avatar to something more appropriate now |
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