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Author Topic: Bitcoin 2.0 & Crowdfunding  (Read 404 times)
BIT-Sharon (OP)
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July 20, 2015, 04:14:17 AM
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http://crowdfundbeat.com/2015/07/08/bitcoin-2-0-crowdfunding/

But what exactly is the point of using digital currency in crowdfunding, aside from the appeal of something new?
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Possum577
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July 20, 2015, 04:48:05 AM
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Why would crowdfunding not be open to any currency available?

I guess I don't understand your question, can you explain a bit more?

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July 20, 2015, 07:08:05 AM
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more fast, i find less painfull to pay with bitcoin than any debit or credit card, imho and for more anonimity i guess

someone is just doing it to promote more crypto coin, which should be the primarily reason...
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July 20, 2015, 07:24:49 AM
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Also, given that bitcoin can be divided into the millions or whatever 8 decimal places is you open your crowdfunding opportunity to a lot more people from a wider range of wealth backgrounds. Using bitcoin, all of a sudden crowdfunding can be done for people in developing countries where a lot of people live for under $2 a day and the target balance of a fund may be only a few dollars.

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July 20, 2015, 11:01:20 AM
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http://crowdfundbeat.com/2015/07/08/bitcoin-2-0-crowdfunding/

But what exactly is the point of using digital currency in crowdfunding, aside from the appeal of something new?

It's a natural step moving crowfunding from the traditional banking system into the crypto ecosystem. Crowdfunding was born in the internet, it's a internet thing. Naturally, it will move to crypto. When doing a kickstarter, it sucks that you have to limit people by forcing them donate in increments. With BTC, specially once it scales up, people will be able to donate from portions of a cent to 1 million dollar in seconds.
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July 20, 2015, 11:16:04 AM
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http://crowdfundbeat.com/2015/07/08/bitcoin-2-0-crowdfunding/

But what exactly is the point of using digital currency in crowdfunding, aside from the appeal of something new?

As well as the points mentioned, there's the future idea of an assurance contract that pays out when a threshold funding level is reached, or pays back to funders if it isn't reached. No trust necessary.
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July 20, 2015, 11:18:26 AM
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Bitcoin 2.0? Why? Bitcoin 1.0 is enough.
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July 20, 2015, 11:34:38 AM
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Bitcoin 2.0? Why? Bitcoin 1.0 is enough.
Actually we don't even have Bitcoin 1.0. These coins claiming to be 'Bitcoin 2.0' are just using that as a marketing scheme to promote themselves. They offer nothing of real value, nor are they ever going to take a good market share.
I guess I don't have anything against crowdfunding Bitcoin related projects, however doing so for coins is not my preference. We have enough coins as it is, and if someone was actually trying to make something better they would not ask for money. Let me remind you that satoshi did not ask for funds and whatnot.

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July 20, 2015, 11:40:55 AM
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Bitcoin 2.0? Why? Bitcoin 1.0 is enough.
Actually we don't even have Bitcoin 1.0. These coins claiming to be 'Bitcoin 2.0' are just using that as a marketing scheme to promote themselves. They offer nothing of real value, nor are they ever going to take a good market share.
I guess I don't have anything against crowdfunding Bitcoin related projects, however doing so for coins is not my preference. We have enough coins as it is, and if someone was actually trying to make something better they would not ask for money. Let me remind you that satoshi did not ask for funds and whatnot.

You are right, but when I say Bitcoin 1.0 I mean normal Bitcoin. I just said it because it sounds good compared to Bitcoin 2.0
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