Gosh, if only there were some kind of digital currency that you could buy that wouldn't be subjected to all those conversion fees, and that could be transferred to someone in Europe nearly instantly. That would be neat.
Or that you could easily store on a USB stick. Sigh. If only there was such a thing. |
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Thank you, Herodes, et al., for your well informative post(s). I took away many a ideas from it. I truly understand that at the onset of an establishment accepting Bitcoin, this is not too much of an issue. My grave concern, as outlined in the OP, is that further down the road, if a defense mechanism is not in place, a competing establishment could glean valuable information. No "new" solution is needed. It is called 1 address per order. It really is that simple. Actually is Bitcoin ever became mainstream I wouldn't imagine any buisiness would EVER use anything other than 1 throw-away address per transaction. Bitpay does this right now. Hell cascius processes order by hand and the Bitcoin address is unique for every transaction. Everytime you request a deposit address from Mt.Gox it gives you a new one. The "technology" and "skill" to do this is beyond trivial. Whatever final solution is developed, bear in mind that at the end of the day the accounting aspect shouldn't be too much to bear. Heaven forbid a proprietor asks his manager for the reports at the end of the day, but has to wait til his manager hunts, collects and combines all the addresses. Just like how Amazon manually combines 20,000 credit card receipts every day to balance their books? A single core celeron could generate reports on billions of transactions per day without breaking a swat. As far as managers stealing one options is to use mult-sig another option is to never give the manager access to the private keys to begin with. No reason wallet can't be generated offsite and each restaurant loaded with 100,000 (or a billion) public addresses. The store can only accept money. It is cryptographically impossible for anyone at the store to steal anything. I'm still manually processing orders and I also generate a new address for each transaction. If I'm not at home, I've been known to pull a new deposit address from my Mt. Gox account and issue that. Restaurants will probably find it easier than most retail stores to utilize bitcoins as payment. As you're most likely well aware, Phinnaeus, when a customer starts complaining about anything, they're usually looking for free food, not a refund. Heck, when I owned a dry cleaning plant, I was infamous for my talent at getting unhappy customers to accept a coupon for free cleaning instead of a refund whenever there was a problem with their order that couldn't be fixed to their satisfaction. One could also create a "petty cash" wallet with limited funds for the manager's use in the event a refund is unavoidable. |
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The key phrase here is, "if you know every public address of the wallet". Not only is it unlikely that anyone would give you every address they use, they might even have more than one wallet. Or use e-wallets. Or keep some BTC in an exchange, mining pool, or other BTC based site that allows you to create an account for your coins. |
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I have an employer I would like to convince to start accepting Bitcoin. But the truth is I will never be able to "sell" bitcoin as well as many others, notably Vorhees.
It would be nice if there were professional Bitcoin closers to go to. For example, I could hire somebody like Vorhees to come to a specific location and time and "sell" the idea of Bitcoin to certain individuals.
Then there would be a need for Bitcoin integrators. If my employer did want to get set up with Bitcoin he could hire somebody to come and integrate it with his company.
Does anything like this exist? If not, it sure seems like there would be a market for those two professions.
I don't think anyone is doing this professionally, but several here have been attempting to get charities on board, as well as some restaurants in their areas. Bit-Pay also seems like the go-to company for setting up brick and mortar shops for accepting bitcoins and immediately converting them into dollars and initiating automated bank deposits, eliminating the need to even bother learning the mechanics of how bitcoins work. Hiring someone to travel to a specific location could get very expensive. Also, no one could guarantee that your target business or individual would immediately begin using BTC and I'm sure the "closer" would still want to be reimbursed at least for expenses incurred while making the attempt. |
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Looks like it will still be happening on the original dates, but probably on a smaller scale, unless someone thinks of a good (cheap) way of promoting it at SXSW.
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Now I'm really confused. I was jsut checking out my AcCount Settings and see that I have the option to give myself unlimited "Hearts" to distribute to whomever I like. But here's the really confusing part: "You choose a number of hearts to endorse them with. Each heart allows them and people they trust to send you one hour's worth of acknowledgement (more on this below)." "Villages acknowledgements are a currency denominated in hours, consisting of gentle promises made to the person who helped you out to return the favour at some point in the future. When you have received acknowledgements, you can spend them to acknowledge others without having to issue any promises of your own." So, Acknowledgements = Hours of work promised Hearts are like vouching for someone's integrity and each voucher is worth one hour's worth of Acknowledgement. No wait, Hearts just allow someone to send you an hour in return.  |
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From what I gather, it's an attempt at a classifieds/job board that deals with IOUs instead of money. We've sorta skipped the "offering goods and services" part and gone straight to issuing IOUs.  |
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Most domain registries don't let you transfer right away. I believe the standard waiting period is 90 days.
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P.S.:Are we ruining the whole trust-network thingy with our enormous hours?
Just beware the day when Daniel Levy knocks on your door and asks you to follow through on your promise of 2 thousand hours and puts you to work developing software for him at 40 hours a week for a year! |
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Interesting and confusing concept.
Endorsed and testified as "edd."
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I am used to getting speedy replies - within 3 minutes - on the giffgaff community. I was wondering how active this forum is? How long does it take to get a good response?
I am just curious that's all....
Liam
There are usually over 100 users online at any one time but your post might not get a quick response if there are other, more interesting topics drawing more attention. Sincere, serious technical or mining questions that haven't been asked a million times previously also usually get a quick response. |
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Great idea. Good luck with it!
Thanks, Herodes. I do like edd's two ideas, albeit not naming one of them a Nakamoto, but can envision either cocktail to be referred to as a BTC. Perhaps the following one (but the other one is just as good): Bailey's Tequila Coffee I had something else come to mind last night after I wrote my last post, but edd's suggestion of naming one of the drinks a Nakamoto that he offered up, kind of put a wrinkle in my plans. But I'll pretend he didn't suggestion it, and go ahead and lay out my thinking, with apologies to edd. Somehow I envisioned that when a Satoshi is ordered, it's customarily/required to order a Nakamoto at the same time (cocktail lounges should love this idea). Therefore, I propose having the bartenders/mixologists develop two cocktails at the same time to win the contest. A Satoshi for the lady and a Nakamoto for the gentleman. When drinking alone, he (or her) could have a BTC. Here's the beauty in my idea. Many a time, once asked by the server what you're having, the reply is 'what do you suggest?' The server should naturally suggest what's all the rage--a Satoshi and Nakamoto (once again, a Satoshi for her and the Nakamoto for him), thus generating more profit for the venue. ~Bruno~ I'm not a big fan of stereotyping a gender, but I do realize many women prefer their drinks sweeter and fruitier than most men. Maybe a bartender could suggest two exciting, sexy new drinks that have similar recipes. When asked "What's the difference?" the reply would be, "The Satoshi is sweet, the Nakamoto isn't." |
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Time to revise on how this Satoshi cocktail should be created--by bartenders and mixologists. A contest! Give them simply rules and required ingredients, offer a nice prize package, then let them have at it. The prize package can consist of all or any combination of the following: - 100 BTC
- A pair of alpaca socks
- A year subscription to Bitcoin Magazine
- BitBrew Coffee
I could have made the list longer, but you get the idea. ~Bruno~ I might be willing to sponsor this if we can get some other bitcoiners to donate some prizes and/or BTC. I have some suggestions, as well, for the recipe (I no longer keep a full bar at home, however, so I'll leave up to others to experiment with the exact proportions needed for the most appetizing drink): Bourbon Tonic Cointreau Garnished with mint The Nakamoto can be a coffee drink: Bailey's Tequila Coffee |
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The Bitcoin ListI'll be the first to admit it's not as comprehensive as the wiki since I update it all myself, but it is a little easier to navigate. I get quite a few referrals from search engines and am averaging over 100 page views a day since launching in May 2011. Getting listed is easy and free: just send me a PM or use the Contact Page and I'll be happy to add your text and any links or images you want to provide.
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Is my friend Matthew in or out? I feel he'll add value to this contest.
~Bruno~
I'm totally in! I already applied. I don't know why it didn't go through. What the eff. @OP: Did you send me something? I believe edd is just waiting for you bio, if I'm not mistaken, Matthew. Hmm...I think I never filled one out. Should I email it? If so, where to? I sent you an email, Matthew, to the address you used in the contact form. I'm currently stuck in rush hour traffic but I'll resend ASAP. |
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I apologize for my apparent lack of participation in this thread lately. I did manage to get an additional 10 emailings out to charities from our other thread. Which btw, needs to be more obvious in this thread so we can discuss those there. Or is it all on the website now? I have not had the time to go check it out. Either way, total emails sent out at this point is 16. I have received 0 responses thus far.
I will be a bit more unavailable for the near foreseeable future as my father has passed away. He left our reality this morning at 7:24 AM EST. He was only 51 years old and leaves behind 5 sons and 1 beautiful daughter and a loving wife as well as 7 brothers and sisters, his mother and father, many nieces and nephews and 4 grandchildren. He was a very open minded person, a wonderful father, provider and friend to many, many less fortunate people whose lives he touched very deeply. His presence here will be missed dearly!! I have been about 5 hours away from my home and office to be with my family during this time. I just returned home last evening and will be leaving again in the next day or so to help settle his affairs. In the meantime my business affairs will be delayed....
-Derek
Sorry to hear about your lost, Derek. If I prayed, I would say an extra one for your dad. Perhaps somebody else here will be kind enough to do that for me, for your dad. ~Bruno~ No need to pray to offer condolences and well-wishes, Bruno. You definitely have mine, Derek. |
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1 @ 3
god damn... anyone want to buy some of my space for this week?
How much? |
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