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1321  Bitcoin / Bitcoin Discussion / Something Awful likes Bitcoin Weekly comics. on: July 09, 2011, 02:02:04 AM
Something Awful likes Bitcoin Weekly comics so much that they link to it on a bitcoin thread.

Ain't that awesome?
1322  Bitcoin / Bitcoin Discussion / Re: Today I stimulate the economy on: July 08, 2011, 02:14:01 AM
I am planning to transfer 10 dollars each week into bitcoin and horde half and spend half. Eventually, I plan to have most of my wages transformed into bitcoin.
1323  Bitcoin / Bitcoin Discussion / Re: Googlebomb: Bitcoin on the Road to Mainstream on: July 07, 2011, 08:06:28 PM
No. Don't do unethical things.
1324  Bitcoin / Bitcoin Discussion / Re: I need web hosting help on: July 07, 2011, 06:18:06 PM
Godaddy? AVOID!
1325  Economy / Economics / Re: Who is buying above $13? Manipulation or Market? on: July 07, 2011, 05:23:46 PM
GLBSE is not a real exchange.  There is no volume.  It is not regulated by any government organization.  My expectation of receiving payout should my contract become profitable is pretty damn low.  The site owner has a link where you can donate to him lol.  That is not a professional exchange.  What are the qualifications of the person running it?  Who is running it?  Where is it based?  On the about me page it says the following:

"We Are The Market

Buy, sell, raise, lend, borrow, invest, the single market that does it all. Keep your bitcoin in one market, and instantly switch between different assets, currencies, shares, and bonds to take advantage of the largest bitcoin market.

    * Issue shares to raise capital
    * Pay dividends to shareholders
    * Put resolutions to shareholders and get their vote
    * Issue and sell bonds
    * Borrow and lend to the market
    * Make and recieve loan repayments
    * Issue futures contracts
    * Meta-trade on non listed companies (on other exchanges)
    * And trade all of the above with other traders on the market


Start Trading Now!

The exchange is currently under testing, but is being used, you may use at your own risk but be warned,you could lose your shirt ;-)"


That says nothing, except that the person running it is building this as they go and have no idea what they are doing.  

You have not been around for very long, right? Everybody know that the GLBSE exchange is based only on 100% trust, and defer to no authorities. It's not a MtGox and TradeHill that operates under the laws of its perspective nation state. It's more like silk road than your mom and pop convenience store.
1326  Economy / Economics / Re: Cryptocurrency & sustainable taxation on: July 07, 2011, 12:24:55 PM
Want tax money? Sell your security/health/retirement fund management/water service or whatever the government have a monopoly on.

But I guess nobody wants to do that because it will mean listening to demanding customers.
1327  Bitcoin / Bitcoin Discussion / Re: [ATTN!!] Bitcoin Security nearly Breached on: July 06, 2011, 11:31:54 PM
It's not about the probability of it happening, It's about the possibility.

As it wasn't possible before, but now it is(almost).

You're right the pool owner probably won't try to sabotage it, but it's now possible for him to do it.(almost)


There is a possibility of terrorists assaulting airports checkpoint and causing a big fricking huge massacre of civilians because the TSA doesn't give the fuck about REAL security.

True, but it doesn't mean it's going to happen.
1328  Other / Meta / Re: Advertisements on Bitcoin Forum on: July 06, 2011, 01:28:22 PM
I feel ads with this community would really really be abused.  I almost guarantee someone would be the space for a long period of time just to have a specific message to mess with others.   And if they don't do that, I am doing that, sounds like fun.

Advertising fee for this site would be high so that would deter griefers unless they are willing to spend a lot of bitcoin to have their entertainment.
1329  Bitcoin / Bitcoin Discussion / Re: bitcoin economy on fire on: July 06, 2011, 12:15:27 PM

Yes. Why?

It's 25 thousand dollars worth of bitcoin in one week. You think we not be skeptical, even if we are bitcoin proponent?
1330  Economy / Marketplace / Re: Bitcoin Weekly RANSOM (.70 BTC Target Reached) on: July 06, 2011, 12:13:02 PM
This is a perfect example of how unorganized the Bitcoin community is; the majority of which are off on their own producing poorly organized websites in attempts to get a few Bitcents.

I really wish people would post about their ideas BEFORE they do them, so that they can have some help doing it right.

 Huh Huh Huh
1331  Bitcoin / Bitcoin Discussion / Re: bitcoin economy on fire on: July 06, 2011, 02:14:44 AM
I have sold over $25,000 worth on my site in the last week, all in bitcoins. No discount, just the 24 hour average exchange rate applied to the purchase.

Take it from someone who makes a living from selling goods and services for BTC, there IS a bitcoin economy.

You're serious?
1332  Bitcoin / Bitcoin Discussion / Re: bitcoin economy on fire on: July 05, 2011, 10:38:39 PM
I just brought a Bitcoin Weekly t-shirt from Square Wear.  Grin

Ya telling me people are hording money? I got .70 BTC for the articles and one comic.
1333  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Weekly Comes Alive on: July 05, 2011, 10:34:34 PM
Bitcoin Weekly sucessfully raised the target .70 BTC for the ransom of 2 articles and one comic. Now they are released:

http://bitcoinweekly.com/articles/the-mtgox-attack

http://bitcoinweekly.com/articles/the-calm-after-the-storm

http://bitcoinweekly.com/comics/the-gavinator
1334  Economy / Marketplace / Re: Bitcoin Weekly RANSOM (.70 BTC targets, 2 article, 1 comic to be released) on: July 05, 2011, 10:15:56 PM
http://bitcoinweekly.com/articles/the-calm-after-the-storm

http://bitcoinweekly.com/articles/the-mtgox-attack

All the articles that been ransomed are now also posted.
1335  Economy / Marketplace / Re: Bitcoin Weekly RANSOM (.70 BTC targets, 2 article, 1 comic to be released) on: July 05, 2011, 06:03:58 PM
http://bitcoinweekly.com/comics/the-gavinator

The Gavinator comic is now posted, but I don't have time to release the other stuff for ransom. Gottach get back to my US dollars denominated job.
1336  Economy / Marketplace / Re: Bitcoin Weekly RANSOM (.70 BTC targets, 2 article, 1 comic to be released) on: July 05, 2011, 05:38:50 PM
The ransom balance is now .7006 BTC.

Release is now in progress.  Grin
1337  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: July 05, 2011, 12:20:01 PM
https://www.nytimes.com/2011/07/04/business/media/04link.html?pagewanted=2&_r=1

It seemed like an ok article but at the end they just give the finger to bitcoin:

Quote
Mr. Brito was optimistic about Bitcoins finding consistent users. But as with many online innovations, the early adopters tend to occupy a different, if marginal, niche.

“This is a censorship-proof currency that allows transactions to happen,” he said. “Right now what are those sort of transactions? Gambling, buying drugs — that is what is going to jumpstart it.”
  Huh



Mr. Britto is simply stating what he felt will help bitcoin takes off.
1338  Economy / Marketplace / Re: Bitcoin Weekly RANSOM (.70 BTC targets, 2 article, 1 comic to be released) on: July 05, 2011, 12:17:13 PM
The ransom balance is now .3206 BTC.
1339  Bitcoin / Bitcoin Discussion / Re: What will make BitCoin rise in value? on: July 04, 2011, 07:45:31 PM
When the loop is closed .

Meaning you pay the baker in bitcoins
then he can go buy supplies in bitcoins
then the supplier can pay overhead in bitcoins
then his employees can buy from the baker.

Rinse/Repeat

My loop:

1. People pay me ransom money for articles/comics.
2. I pay my writers and cartoonists.
3. No idea what my employees do with their money. Presumably hording it and spending some. I have three employees.
4. I pay the hosting and domain name bill.
5. In turn, my money is used to pay for mtgox exchange operation.(The company that runs mtgox also host my site)
6. As my business expand, I may take on more employees. Also, I may build different websites that require an employees.

In any case, I lost more money than I gained. However, I cut cost down to where the profit margin is 10%. Last month was good in term of traffic and I hope to grow again and build a healthy war chest.

I am probably one of the longest employer in the bitcoin economy as my economic relationships already stretch a few months.
1340  Bitcoin / Bitcoin Discussion / Re: What will make BitCoin rise in value? on: July 04, 2011, 07:28:52 PM
The adoption of Bitcoins as a defacto online currency by giant online players ... Google, Facebook, etc.

Facebook already has a currency - "Facebook Credits". Facebook takes a 30% cut, and insists that Facebook apps use their money.
Crappy money.
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