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Economy / Service Announcements / [ANN] RiskyWagerDetected! - Bet on Starcraft2 Games
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on: April 23, 2013, 02:11:00 PM
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Thor is heeeah! http://www.riskywagerdetected.comToday we launch RiskyWagerDetected! a place to wager on the outcomes of your favorite Starcraft2 tournaments and championships. What makes us unique is our passion for starcraft2, and our dedication to really bringing the e-sports experience to the next level. Two DreamHack Open events have been loaded, and we will be adding more continuously; if there's an event you particularly would like to see, just reply to this thread. We have lots more features planned, and can't wait to see where this goes! Paint the target, Risky Wager Detected Team |
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Economy / Economics / Re: Why are exchange fees so high and charged by %?
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on: March 26, 2013, 09:44:51 PM
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I don't understand why an exchange like cavirtex needs to charge such a high fee per trade, and why that fee needs to be charged as a % of the transaction? Even Gox charges a %. I am aware there are costs in running an exchange but these exchanges should be mostly automated by machines.... So why does it cost so much more to facilitate a $1000 trade vs a $1 trade? It's just a computer processing a different number, there is no need for it to cost so much extra.
It seems to me like there should be room here for people to build an exchange using waaay lower fees, why has this not happened yet? One of the points we always use to sell bitcoin is the "no transaction fees" but buying and selling your coins comes at such a high fee so it really doesn't matter - unless you stay within the btc economy of course. But for instance trying to send money to a relative across seas would still come at an exceptional fee.
I really think this problem needs to be solved in order to help bring btc to the masses but I just don't understand why this problem hasn't already been solved on the free market.
Risk. Handling $1million requires much higher security, makes you a bigger target for hacking, etc. than handling $1. |
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Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments
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on: January 07, 2013, 06:09:30 PM
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Very nice interface; looks like a significant investment on your part.
What's your strategy for protecting your users against action from trigger-happy bureaucrats? Do you plan to become a registered/licensed business, or do you have some way to allow everyone to carry on if worse came to worst (such as all issuers know who all of their investors are at any given time)? I just want to have confidence that I'm not going to lose my money/have a tremendous pain the backside as was the case with GLBSE.
The only user information we collect is email address so that's all that could be provided given a court order We are a registered business. Federally incorporated in Canada. Yes issuers have access their unit holder (investors) list which contains two columns: email address and qty owned Cheers, James Fantastic, that helps a lot! Still doesn't solve the problem of single-point-of-failure, but it looks like you've taken a bunch of good steps to limit the potential damage. Nice work!  |
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Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments
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on: January 06, 2013, 07:19:07 PM
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Very nice interface; looks like a significant investment on your part.
What's your strategy for protecting your users against action from trigger-happy bureaucrats? Do you plan to become a registered/licensed business, or do you have some way to allow everyone to carry on if worse came to worst (such as all issuers know who all of their investors are at any given time)? I just want to have confidence that I'm not going to lose my money/have a tremendous pain the backside as was the case with GLBSE.
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Economy / Service Discussion / Re: Anyone using BTC to buy Silver/Gold on Coinabul?
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on: December 29, 2012, 03:37:55 AM
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Successfully received three bars from Coinabul, but still waiting on a coin.
I originally ordered on 10/19.
Unfortunately I forgot to put the apartment number, so it was returned to sender. About three weeks later it shipped and was returned to sender by the post office.
After waiting more than 4 more weeks after it was returned to them, I have still not gotten my coin, and furthermore after calling them was told they couldn't locate the tracking number.
I have a pretty high level of patience, but this is far beyond reasonable, and is bordering on absurd.
Sent you a PM, your order is at your local post office. Well it turns out that my local post office is worse than terrible. After it had been > 10 days since the last activity for the tracking number, I went to the post office and after I got to the top manager they told me they lost my package. Figuring it was gone for good, I called up Coinabul and they suggested waiting another week to make sure. A few days later, I found it stuffed in my mailbox, in spite of the fact that it was a signature confirmation required package. Needless to say, I'll not be using the post office for anything important anytime soon. Thanks to Coinabul for dealing with the support calls for this, which were always friendly and to-the-point. |
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Economy / Service Discussion / Re: Anyone using BTC to buy Silver/Gold on Coinabul?
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on: December 18, 2012, 01:13:18 AM
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Successfully received three bars from Coinabul, but still waiting on a coin.
I originally ordered on 10/19.
Unfortunately I forgot to put the apartment number, so it was returned to sender. About three weeks later it shipped and was returned to sender by the post office.
After waiting more than 4 more weeks after it was returned to them, I have still not gotten my coin, and furthermore after calling them was told they couldn't locate the tracking number.
I have a pretty high level of patience, but this is far beyond reasonable, and is bordering on absurd.
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Bitcoin / Bitcoin Discussion / Re: UABB is a...
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on: August 03, 2011, 08:58:11 PM
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I like the concept of certification businesses, and I think if someone's looking for assurances outside of some governmental monopoly system, that's a good option.
Xephan made some very cogent points. I'd like to add that I would definitely envision certified and non-certified products side by side. In some cases, I'd be willing to spend the little bit extra, particularly for something risky, like for instance pills or other ingestibles. If a certification business is to succeed, however, it must provide consistent assurances. This means the metric used to measure a given company's performance is critical. This is were many governmental certification schemes have failed. Case in point American health departments.
So far, I'm leaning towards dislike of UABB. I read a post from Matthew to the effect of "don't worry about the mybitcoin thing, we're looking into it." That's both insulting and foolish in my view. You want your customers to use their judgement, and decide that your conclusions are congruous with their own.
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18
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Other / Meta / Re: I miss the old days.
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on: July 26, 2011, 03:39:43 AM
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At the end of the day, however, it comes down to who uses it. Since bitcoin was advertised as a way to make a quick buck (I quadrupled my money in one week), a high percentage of the new members were uninterested in the culture of bitcoin or how it works. This led to a rapid decline in the quality of posts IMHO.
I don't know where you heard about it, but I knew it as a way to transfer funds securely and relatively anonymously. Not a ponzi scheme. I apologize if I were unclear. I meant that the user base grew significantly as/after the price jumped to $30/btc. These were the new members to which I was referring, which of course is a blanket statement and doesn't hold true for all of them. I most enjoyed reading on the forums prior to bitcoin hitting $1.20. |
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Other / Meta / Re: Ban Image Macros
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on: July 26, 2011, 03:36:35 AM
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Comedy value aside (though personally I find them completely unfunny), if this is going to be a serious place to discuss the future of an entire currency then perhaps we shouldn't be allowing the most vocal segment of the users to look like idiots at passing glance in a place easily accessible to the public.
Macros make you come across like a teenager or an idiot, neither of which is a good face for a public forum linked to Bitcoins.
The "serious place" ship has sailed my friend. If you want good info and strong moderation, help us get the StackExchange site started: http://area51.stackexchange.com/proposals/30763/bitcoin-crypto-currencyIt's stagnating and could use some help and strong promotion. Is this your project? And as long as this forum is linked to the official Bitcoin site, the moderation staff should do their best to make it presentable to the general public and the media. That includes not allowing it to become an extension of 4chan. While I lay no claim to the bitcoin forums as belonging to me, it seems to me that those wishing to disrupt the status quo have the burden of proof to show why their way is better. Personally, I am unconvinced by your points. You claim it is best to appeal to the media, which I hold will never embrace it. You also seem to think it will be accepted by the general public (which due to the media I think is unlikely to be the case). Instead, I would favor targeting people who might actually use it, like pirate bay users, 4chan, <25 yr olds, and other users of peer-to-peer technologies. In my view, they are most likely to embrace bitcoin and bring it to fruition. |
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Other / Meta / Re: I miss the old days.
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on: July 25, 2011, 02:39:06 PM
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The carrot is stronger than the whip. I like systems that reward positive contributors rather than those which attempt to punish abusers. I think stack exchange does a great job with this. I've not seen a particularly good system for forums yet.
At the end of the day, however, it comes down to who uses it. Since bitcoin was advertised as a way to make a quick buck (I quadrupled my money in one week), a high percentage of the new members were uninterested in the culture of bitcoin or how it works. This led to a rapid decline in the quality of posts IMHO.
I admit to discouraging open discussion of topics which are deemed illegal under various governments when I first started posting. This was mainly a tactical idea I had for sneaking in under the radar. In retrospect myself and others like me probably pushed away a lot of the quality posters. Oh well, hindsight is 20/20.
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