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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 609316 times)
SlipperySlope
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April 21, 2014, 05:12:10 PM
 #1201

It is hard to believe, but Peter_R and I calculated that according to his Metcalfe Law model of bitcoin prices, if we increase the permanent number of daily bitcoin transactions by one, then the bitcoin market cap increases by over $100K.

I try to participate in a bitcoin transaction every day.

Wow.  That is really crazy.  In a way as a Bitcoin community we could increase the price just by using Bitcoin as much as possible then.  I have spent some but it is hard to justify spending them when cash seems so much less valuable.  But perhaps we should all just move more fiat into a place that can be used regularly for buying things we need anyways?  Just thinking here.

Exactly, You spend fiat on necessities. When possible, substitute bitcoin as the payment mechanism even if inconvenient or slightly more costly. Then recharge the spent coin from the fiat that you would have otherwise spent. As the Bitcoin Economy grows, the likelihood increases that the recipient of our coins will hold them or spend them, rather than immediately exchange them back into fiat.
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http://fuk.io - check it out!


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April 22, 2014, 02:28:38 AM
 #1202

i always try to pay in bitcoin when i can

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April 22, 2014, 06:14:11 AM
 #1203

It is hard to believe, but Peter_R and I calculated that according to his Metcalfe Law model of bitcoin prices, if we increase the permanent number of daily bitcoin transactions by one, then the bitcoin market cap increases by over $100K.
That is true only because we are still so early in this game. I believe many/most Bitcoiners vastly overestimate how far we are into Bitcoin's evolutionary cycle. We've only JUST exited the "stealth phase".

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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April 22, 2014, 07:45:37 AM
 #1204

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 
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April 22, 2014, 07:48:38 AM
 #1205

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley

I hope that you are being serious. You are one of the most reputed members around here, and everyone will be grateful for your contribution to make Bitcoin more popular. Post here when your business plans are complete. For sure, I'll be waiting for the details of your new venture.

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MOON_2000
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April 22, 2014, 08:07:43 AM
 #1206

Its really hard to say, but as a hedge, you should at least have some percentage in bitcoin on hand long term.
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April 22, 2014, 08:18:36 AM
 #1207

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

All of those options make sense. I have been investing in bitcoin and have been wanting to spend and replenish, however the limited number of merchants where I have had an opportunity to do so did not incentivize me to use bitcoin. In fact the opposite was true, it was more expensive to pay in bitcoin that fiat, so naturally I paid in fiat even when I really wanted to use bitcoin.

I presume you will have some kind of literature explaining bitcoin to people that have never heard of it? It also would be good to find a way to allow people that don't have any bitcoin to pay in bitcoin and get your discount. Have you thought about how to implement that? It would be a nice introduction.
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April 22, 2014, 12:16:43 PM
 #1208

It is hard to believe, but Peter_R and I calculated that according to his Metcalfe Law model of bitcoin prices, if we increase the permanent number of daily bitcoin transactions by one, then the bitcoin market cap increases by over $100K.
That is true only because we are still so early in this game. I believe many/most Bitcoiners vastly overestimate how far we are into Bitcoin's evolutionary cycle. We've only JUST exited the "stealth phase".
You're right. This is very early in the race. I'm actually waiting for the halving, which is in 2 years.


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Acidyo
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Will Bitcoin Rise Again to $1000?


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April 22, 2014, 12:41:14 PM
 #1209

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

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April 22, 2014, 04:57:14 PM
 #1210

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Hopefully we can make a trip out there next year if all goes well.  If BTC reaches $10,000 or so I see many trips in my future!  Grin

The kids want to go to Disney World first though.  I guess I can't blame them.  Wink  Although I would prefer Europe over Disney World at this point.

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April 22, 2014, 05:01:04 PM
 #1211

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

4 languages? Impressive!

There was a joke once circulating around:

What do you call a person that speaks two languages?  Bilingual.

What do you call a person that speaks three languages?  Trilingual.

What do you call a person that only speaks one language?  American.  Wink

I, unfortunately, fall into the last category.  I guess we feel like we can get by with English in most of the world.  Also, I think start teaching foreign languages too late in our schools.  Most students only start taking another language in high-school but studies have shown that it is much easier for very young children to pick up other languages.  Oh well.  I am thankful for Google translate.

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April 22, 2014, 05:03:21 PM
 #1212

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Estonia? I thought that Risto Pietila was from Finland. Anyway.... having a hard time in differentiating between the Finnish and Estonian names... they sound so familiar.  Grin

Has he posted any pictures of the hotel yet?

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April 22, 2014, 05:04:26 PM
 #1213

I am assuming you will be utilizing the castle in Estonia as a hotel right?

Estonia? I thought that Risto Pietila was from Finland. Anyway.... having a hard time in differentiating between the Finnish and Estonian names... they sound so familiar.  Grin

Has he posted any pictures of the hotel yet?

Yes he is from Finland but the castle is in Estonia.  http://bitcoinexaminer.org/bitcoin-castle-born-estonia/

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April 22, 2014, 05:05:12 PM
 #1214

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

Thanks! You have any experience in website design?

BitChick: In Europe, speaking 4-6 languages is commonplace, and I presume Acidyo is from here also Wink

Together, me and my wife speak Finnish, English, Swedish, German, French, Russian, Estonian and Spanish. In decreasing order of fluency Grin
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April 22, 2014, 05:08:18 PM
 #1215


Beautiful!




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April 22, 2014, 05:08:25 PM
 #1216


I am assuming you will be utilizing the castle in Estonia as a hotel right?

Hopefully we can make a trip out there next year if all goes well.  If BTC reaches $10,000 or so I see many trips in my future!  Grin

The kids want to go to Disney World first though.  I guess I can't blame them.  Wink  Although I would prefer Europe over Disney World at this point.

When the Dollar is low, many people come to the USA for vacations, weekends and sometimes just shopping trips.
If BTC goes high enough, someday many of "us" will be able to travel ......even travel to the Moon!  Cheesy

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April 22, 2014, 05:11:49 PM
 #1217

I will soon have a premium hotel. How to make as many as possible bitcoin transactions out of it?

- Give 5-10% off of advance room reservations when paying bitcoin (wpb)?
- Give 20% off of restaurant bill if it's over $100 per person wpb?
- QR-code room service menus with one click ordering?
- In bars, also direct ordering from tables wbp?
- All staff wears/carries QR-codes for tipping?
- Huh

Cool if I can be responsible for multimillion$ increase in bitcoin market cap Smiley
 

Wow, this is amazing. Seeing as you have good reputation, I'm willing to help out with anything I can.
Student with a lot of time on his hands and fluent in 4 languages.

Thanks! You have any experience in website design?

BitChick: In Europe, speaking 4-6 languages is commonplace, and I presume Acidyo is from here also Wink

Together, me and my wife speak Finnish, English, Swedish, German, French, Russian, Estonian and Spanish. In decreasing order of fluency Grin

I feel stupid now.  Thanks.  Wink

I understand enough Spanish and French to order at restaurants though!  And I can also pronounce the names of most NHL hockey players.  That is something many Americans can't do.   Grin

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April 22, 2014, 05:18:17 PM
 #1218


If this is legit (not to become the next Neo and Bee), then it is Beautiful!
Certainly a top destination for future travel.

Maybe they can launch space  flights in the back yard?  Cheesy

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April 22, 2014, 05:30:17 PM
 #1219

Hi,

why to "reduce" it to your own business?
AFAIK especially in the luxuysegment of tourism, every "tourist attraction" loves to offer their activities to Hotels.

If you have someone, doing the contracting with them, you could easily offer to accept payments in BTC for everything that belongs to a (Luxury-)Holidaytrip from A-Z.
Even if those involved 3rd parties would like to get paid in local currency, you just have to exchange it for them.

- Airport Limousine Services / Taxi
- guided Sightseeings
- all the Wellness stuff
- Tickets for surrounding Museums, Concerts or whatever events happening around
- Vouchers to other Restaurants or Shopping Malls
- Wine tastings
- ...and everything else the region has to offer
***EDIT: and of course, you could also do the booking for the flights etc. too!

So you really could say: the whole stay is paid 100% in BTC.
What do you think?

(native) German, English and some Slovakian here - and of course, always open for opportunities to work or support in Bitcoinbusinesses Wink

bitpop
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April 22, 2014, 05:31:15 PM
 #1220

Each room must have a Bitcoin node

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