You're going to have alot of trouble finding someone to make a 4 minute video for only $200. The hours alone on creating 4 minutes of content, nevermind animation, would cost you somewhere in the range of 10x that.
I started out editing a 4min video for $100 and even wrote script Anyway upped to $250Animation and editing are two very different beasts  |
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Do you plan on having an auto-pay feature, so i would just give you a retainer and you would handle the rest?
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Bitfloor was closed down by bank of america.
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it can handle around 7 transactions per second at its current 1mb hard block size. visa handles around 2000-4000 tps.
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Surely you don't think a closed source, centralized network would accomplish that objective best? Like ripple? Of course not. |
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i saw bitspend just started posting ads, anyone have any more experience with them?
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You're going to have alot of trouble finding someone to make a 4 minute video for only $200. The hours alone on creating 4 minutes of content, nevermind animation, would cost you somewhere in the range of 10x that.
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What the point of the site, like you can pay for rent in bitcoins, or for people looking to room with other bitcoin enthusiasts?
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Since they would be another middle man in the bitcoin world, they will probably want to charge a service fee. Their high fees are already the reason why other payment processors give them a challenge. Bitcoin was designed to be P2P so including a third party like Paypal in the mix is going against the intentions of the whole system.
Who will want to pay MORE fees to use bitcoin when it is not necessary?
Bitpay charges 1% fee + 2% to convert the bitcoins to fiat on your bank account. Do you think thats evil or somehow incompatible with bitcoin? Not that I think this will happen any time soon, but if paypal can add value to retailers or customers by providing escrow, conflict resolution, currency conversion, insured online wallet, shopping basket and other tools, then more power to them, and all the better for bitcoin. This isnt correct https://bitpay.com/pricing eCommerce Pricing Comparison
BitPay is more cost-effective than all major online payment processors.
Bitcoin Payout USD Payout Rewards Card*
0.99% 0.99% 3.0% + $0.30 3.5% + $0.10
BitPay BitPay PayPal Visa/MC
$1 0.99% 0.99% 33.00% 13.50%
$5 9.00% 5.50%
$10 6.00% 4.50%
$20 4.50% 4.00%
$50 3.60% 3.70%
$100 3.30% 3.60%
$200 3.15% 3.55%
$500 3.06% 3.52%
Fraud Risk: ZERO ZERO HIGH HIGH |
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Wouldnt everyone need to go through the $200k MSB regulation process?
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any good vc will require a guaranteed exit to recover their investment.
No, that would be an idiot who would miss out on every opportunity that wasn't safe. Nobody had any idea how Facebook would make any money. Nobody had any idea how Twitter would make any money. I'm going to go out on a limb here and speculate that you've never talked to an actual VC person. If you have, they were crappy. We're talking about the people who are looking for the next PayPal because they *built* PayPal. how can opencoin guarantee roi to their investors AFTER the source is released (and potentially forked into something incompatible w/ XRP).
if they can lay out a business model that allows for sufficient profit as well as an open sourced server, i'd LOVE to hear about it. We're swinging for the fences. A long shot. A possible home run but also possibly a strike out. We're trying to change the world. Really. I know you'll find this hard to believe, but I met with a lot of our investors. They're genuinely motivated at least as much by the prospect of disruption for good as they are by the prospect of making money. Claiming that a venture capitalist is throwing millions at you for the good of the earth isnt the best way to build credibility. The facts we know so far are: 1. You are funded by an industry that expects massive returns to make up for its massive losses. 1. You and your partners have in your possession already the vast majority of XRP's that will ever be created. 2. There will be a price to XRP's. Therefore you are building a system that places you in a central banking position, which will allow you to: 1. Control the flow of XRP's in order to control and regulate the price. 2. ....  3. Profit! If your organization truly were altruistic, you would first release your source code before releasing one XRP into the wild, and then allow the network to distribute XRP's in the same way BTC does, that is for itself. From the slick marketing campaign and the level of astroturfing going on in these forums its evident that your millions of VC dollars are being put to good use setting yourselves up as the new federal reserve.
If Ripple becomes popular, the price of XRP is fairly stable, and there's little perceived risk of a sudden change in price, people will probably use XRP as a currency.
Exactly. |
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http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425Anyone read this article yet? I wish I was more well versed in finance/global economics so I could fully appreciate this scope of this, but even with my limited understanding this seems so unbelievably crazy. How have we not developed any ways to transparently and accurately report these all-important metrics? Blows my mind. Also: I have heard that Matt Taibbi can be somewhat biased in his reporting, if anyone has more neutral sources please post!! The problem with Matt Taibbi is not that he is biased (he is), the problem is that he has no idea about finance and very little understanding of economics. He just puts shit together to sound sensationalist, but most of the times he is just plain wrong, not even wrong because of bias, just wrong because of lack of knowledge. But since he writes well and in general people dont have understanding of finance neither, people eat it. There's been alot of comments on other threads for this article like this, but not one of them has ever made any attempt to point out exactly what he was wrong about. |
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Mt-Gox = Japanese
BTC-e = Russian
Bitstamp = UK
I guess my question more is, now that bitfloor is gone, can there be any american exchanges?
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Considering the overhead of exchanges, wallets, passwords, clients, miners, payment processors etc.. that must accompany a cryptocurrency, is there any real advantage to current alt-coins that warrants the cost of its adoption?
Why do businesses accept Mastercard if they already accept VISA? The more payment options the customer has, the more likely they are to frequent your business. So the real advantage to adopting current alt-coins is that their alt-coins. Anyone else? |
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Considering the overhead of exchanges, wallets, passwords, clients, miners, payment processors etc.. that must accompany a cryptocurrency, is there any real advantage to current alt-coins that warrants the cost of its adoption?
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I wonder why there isnt more debate about this.
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Bytecoin; because it is an exact replica of Bitcoin, which is already proven it can be trusted, and is useful.
I think many people who love Bitcoin also may wish to become involved with or use at least one of the alt-coins either now or in the future. Many alt-coins to date have anywhere from slightly modified to completely changed how the currency operates, where instead the Bytecoin is an exact replica of the tried and tested Bitcoin. Those alt-coiners who still think Bitcoin is a fantastic cryptocurrency would probably prefer an alt which is an exact replica, yet still due to adoption and utility is a less valuable coin. Bytecoin has a long way to go before it is considered valuable, but we already know that so long as there is a diverse set of miners splitting the network one can trust it to be secure. As long as a slow and steady adoption occurs, the network will become strong enough to be as trusted as Bitcoin is.
tl;dr - If you like BTC, and are interested in alt's, why not one that's exactly the same with a different name?
edit to add:
The only CON I can see with Bytecoin is that the name is so simular to Bitcoin it could cause confusion.. yet it really is an awesome name for an alt-coin IMO
I also totally agree with this post. It's a great name! In my life I've found that the 'quite ones' tend to be the best ones. Sure, there was a little hype when the coin came out. But now there isn't much mentioned about the coin... yet it still chugs along! I mine the coin 24/7... it's the only coin I mine. Looking at the blockchain there are plenty of transactions happening which means people are trading and using the coin. Besides BTC it's my coin of choice. What again is the utility in having a second bitcoin? We already have bitcoin, we dont need another one. |
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This whitepaper needs a whitepaper. Really, 6 pages of dense engineering stuff that doesnt belong in a whitepaper and maybe 3 sentences of explanation to go by. Maybe in nice bulletpoints you can write what you intend to change about bitcoin in this, why you want to change it, and in so many words how you intend on doing it.
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