At least Silk Road considers all coins the same  |
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See, people stop caring about their privacy, security and even sound money... as long as it's easy and they don't have to think about it for more then half a second.
That is a well known truth. To make things successful, you have to make them easy to use. There are many businesses which make money by making something easier for people to find/use/etc, and they have no other advantages. |
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He's probably right in saying: if you want to be successfull, you have to be on the phone.
I got the impression that he hadn't researched bitcoin enough, bitcoin is very well presented in the mobile phones. In fact, I think mobile clients are perhaps the most impressive thing about bitcoin. For example, currently it is trivial to create a mobile website, where I sell digital content for bitcoins, and the payment can happen with Schildbach's Android bitcoin wallet within the phone. For example, it would be very easy to create my own bitcoin book/movie/app store. Also with bitcoinspinner, I can download, install & receive my first bitcoins to the phone in 5 minutes. It is very impressive. |
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You have to {% load currency_conversions %} in your template, and check that django_bitcoin is installed.
Otherwise, thanks for the feedback, I try to improve the tutorial later today.
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People using it?
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is.
I disagree, we always need new exchanges. However I believe it will be shut down pretty quickly, if it is not profitable. Therefor you need some kind of new features which are gonna attract people. My feature lists: - Create at least some minimal bot, integrated with mtgox which keeps asks and bids close to the market price (arbitrage) - physical location with cash exchange would be cool - as many withdraw/deposit methods as possible with as little costs as can be There could be lot of improvement on country-specific exchanges. |
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There are plenty of ways to protect the consumer if the consumer doesn't want to protect themselves, and I'm sure they will come to Bitcoin when it makes sense.
Well yeah, there are ways to protect the consumer. One of those tools is escrow. However, I find it very irresponsible to market bitcoins without any extra layer as a more consumer friendly option to payments. They simply aren't. |
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I guess I'm wording it wrong. I mean "transactional fraud" meaning at the point of purchase. Of course anyone can rob a bank i.e essentially the same thing to what happened with mybitcoin.
Or the merchant can disappear and not deliver the stuff like happened with bitcoin superstore (and has happened probably with other merchants too). Really, paying with _pure_ bitcoins without a reputable escrow service is really stupid. For merchants bitcoins are of course wonderful, but from consumer perspective the upside isn't that great. |
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There are many types of fraud, and fraud is a social problem just as much as a technical one.
I agree but there is no incentive to commit fraud if you use bitcoins which solves a lot of things in my opinion. I guess my point is this would be one reason someone would put money into bitcoins now they need places to spend but yeah that will come. What are you speaking about? Bitcoin is perfect for fraud. There are many types of frauds. The mybitcoin / bitcoin superstore kind of fraud where the seller just disappears with bitcoins is a perfect example why bitcoin is much, much _worse_ payment option than credit card. Bitcoin is great payment method, but only with a reputable escrow service or something similar. From consumer perspective, credit cards are still the king. |
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Awesome! Now we know that bitcoin clients _can_ be approved.
However I'm not very fond of mobile clients which download the full block chain. Electrum-style thin client would be the best solution IMHO.
yeah, then use server-centric clients and leave the p2p for real supporters I was just leaving a tip to the original developer - just implement same kind of bitcoin client, but with Electrum concept (private keys stored on the client/dropbox, balance received from the server, no block chain download). This kind of wallet app could be hugely popular, since it would be really fast. Just look at BitcoinSpinner as an example. Full block chain mobile clients won't become popular, because downloading the block chain is pain in the ass. Just my two bitcents. |
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Bitcoin is, and will be a very risky investment. If you have an appetite for risk, then invest to it. If you want to avoid risk, invest to something else. Bitcoin could still be useful to you as a money transfer tool.
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Could you describe more about how you implemented this? Is it an adaptation of Satoshis code? Is it a lightweight node that happens to store the full block contents? Looking forward to an eventual source release (even if it's only the core), because I'm interested in all mobile Bitcoin implementations.
I'm not the author, but it downloads the full blockchain, because it is almost one gigabyte. The Schildbach's android wallet lite block chain takes only 20MB. Can't really recommend this, mobile client needs to be lightweight. However it is great that someone finally managed to get one app to app store. |
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Awesome! Now we know that bitcoin clients _can_ be approved.
However I'm not very fond of mobile clients which download the full block chain. Electrum-style thin client would be the best solution IMHO.
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Berlin, because it is much cooler.
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Yeah, it would be good to have some news on the SEPA front, since deposits to mtgox are taking ages. bitstamp.net could be an option, but the volume there is so ridiculously low that it is not very usable.
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I sent a SEPA deposit last friday, still no signs of it... Previous deposit went through in 4 business days. 7 days is too slow.
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One reason for thight controls could be phishing attacks. Bitcoin exchanges are a tool for phishing crimes - you phish someones internet bank account, and then move the money to a bitcoin exchange. Then you buy bitcoins, and nobody can freeze your money.
I suspect that some kind of phishing utilizing bitcoin exchanges has occurred in the past, and the banks have noticed this. They are careful for a reason, since the banks have to pay for the damages, even if the bank customer has been stupid and clicked some spam link.
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I'm interested in the SEPA option, and I'm trying to get my account verified. How long is it going to take?
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My take, don't remember every talk that well since I was coding at the same time.
Sergey Kurtsev: Not really about decentralized exchange, but potential concept nonetheless.
Amir Taaki: His first speech on friday was interesting (and a little funny), but overall he wasn't a good choice for as a moderator. Too much ideological/political stuff to my tastes, too little concrete stuff.
Jim Burton: I would have liked more about technical stuff about multibit client, such as watch advantages does it offer over the traditional client (speed?). The swatches do not inspire me. The bitcoin merchant wasn't either too interesting, for example I don't support using openid/etc login methods on web shop, I think they lower the conversion rate and with bitcoin much more efficient checkout process is possible.
David Birch: I didn't get this guys "criticism" (as I understood it was meant as such). For example, he was talking long about how computers are only for nerds and mobile is going to be the stuff in the future. How is this relevant? Bitcoin is not technology tied to specific platform, and there are lots of bitcoin-related mobile software already. Interesting stories, but not related much to bitcoin.
Simon Dixon: mostly boring pro-banking stuff.
Jason Chia: This guy was definitely in the wrong place. Goverments buying all the bitcoins?
Peter Kleissner: Interesting stuff, but not that in-depth.
Cameron Garnham: Open transactions project has a marketing problem. I don't get what it is useful for, and I didn't understand that after the presentation. I unfedstood that with their technology you can currently issue centralized "tokens". The vision is de-centralized, however I don't understand how that could be achieved. And generally I don't really understand what the open-transactions project is practically useful for. More practical examples, please!
Clemens Cap: Some ideas how to promote the bitcoin project etc, not that interesting/new to me.
Rick Falkvinge: Somewhat inspiring talk, however nothing new to me since I'm a fan and read his blog pretty regularly (the only political blog I read).
Max Keiser: boring.
Overall I was a little disappointed, too much speech about economics/politics/etc and too little about technology/businesses. Of course it is about personal tastes, though.
Thanks for the conference, it was great meeting some bitcoin people.
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