MemoryDealers (OP)
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December 01, 2012, 01:11:48 PM |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Micon
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FPV Drone Pilot
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December 01, 2012, 01:38:23 PM |
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top top work again by the bitinstant people. Doing bitcoin proud IMO. |
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MemoryDealers (OP)
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December 01, 2012, 02:13:55 PM |
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Everyone was constantly telling us that Bitcoin was by far the most interesting thing at the conference.
We setup numerous people with Bitcoin wallets on their smartphones and gave them some of their first bitcoin.
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paraipan
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Firstbits: 1pirata
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December 01, 2012, 02:53:42 PM |
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Everyone was constantly telling us that Bitcoin was by far the most interesting thing at the conference.
We setup numerous people with Bitcoin wallets on their smartphones and gave them some of their first bitcoin.
I like the young and motivated executives impression you guys have, keep up the good work  |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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DeathAndTaxes
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Gerald Davis
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December 01, 2012, 03:58:50 PM
Last edit: December 01, 2012, 04:11:01 PM by DeathAndTaxes |
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Very nice. Bitcoin has some stiff competition from commercial online game payment and economy systems and imho it's by far the best option even at this early stage, hope some of the attendees are thinking the same thing now  Have you see the rates for those payment processors? They are in the 10% to 20% with all chargebacks deducted and most require a hold of some % of funds for 90 days (a chargeback reserve). I would say those stop gap payment processors face stiff competition (i.e. an extinction level event) from bitcoin if/when it ever reaches critical mass. A site like Party Poker or Pokerstars could save a hundred million dollars a year (and no that isn't an exaggeration) simply by having a low cost, high speed irreversible payment method. Hell BitInstant's ~5% fee is downright "free" compared to the costs that gaming sites currently pay. A gaming site could offer to double the fee for customers (i.e. we will cover BitInstant's fee plus give you a bonus 5%) and still come out way ahead given the irreversible nature. Also that doesn't include things like your "trusted" payment processor disappearing with the money. In the Full Tilt Poker case it came out that two of FTP processors simply stole the money. The link below is for one which stole $42 million (and IIRC there was another "smaller" theft which involved something like $20M more). http://betting.betfair.com/poker/poker-news/full-tilt-poker-robbed-by-payment-processor-010911.htmlDespite these costs online gaming is hugely profitable because the average drop (% of funds deposited which end up in the house's pocket) is something like 50% to 60%+. Still the potential to cut out the largest two costs (payment processor and fraud losses) is something no business is going to ignore for long. There still is that huge chicken and egg problem. Accepting Bitcoin does little good if almost nobody has them. There is no reason for someone to have them if nobody accepts them. That problem is slowly solving itself. |
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kiba
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December 01, 2012, 04:52:50 PM |
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Very nice. Bitcoin has some stiff competition from commercial online game payment and economy systems and imho it's by far the best option even at this early stage, hope some of the attendees are thinking the same thing now Stiff competition? Everyone is scared of entering our niches! |
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Gabi
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If you want to walk on water, get out of the boat
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December 01, 2012, 05:59:10 PM |
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Great, this fascist country block me from reading the website linked by DeathAndTaxes
Censorship all the way
2 seconds later Google>copy-paste the link>copy cache>i'm happily reading it.
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Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem
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December 02, 2012, 04:32:11 PM |
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Great, this fascist country block me from reading the website linked by DeathAndTaxes
Censorship all the way
2 seconds later Google>copy-paste the link>copy cache>i'm happily reading it.
I'm just curious...which country blocked it? |
Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. More about me: http://CharlieShrem.com |
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Gabi
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If you want to walk on water, get out of the boat
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December 02, 2012, 08:11:54 PM |
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Here in Italy if a casino website isn't registered and have the authorization/license/whatelse to operate in Italy then it's automatically CENSORED
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Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem
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December 03, 2012, 03:12:55 AM |
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Here in Italy if a casino website isn't registered and have the authorization/license/whatelse to operate in Italy then it's automatically CENSORED
WOW! I did not know that! Does SatoshiDice work? |
Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. More about me: http://CharlieShrem.com |
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bitboyben
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December 03, 2012, 04:07:53 AM |
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good thing you can get VPN with bitcoins... (if necessary)
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Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
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HostFat
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I support freedom of choice
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December 03, 2012, 05:26:09 AM |
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WOW! I did not know that!
Does SatoshiDice work?
It works because in Italy near nobody knows what it is Bitcoin  If this is going to change, the next day we will probably NOT be able to connect to any websites that has Bitcoin/Satoshi on URL. |
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justusranvier
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December 03, 2012, 03:00:11 PM |
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If this is going to change, the next day we will probably NOT be able to connect to any websites that has Bitcoin/Satoshi on URL. Would they block github for hosting the source code for the reference client? |
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HostFat
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I support freedom of choice
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December 03, 2012, 03:12:03 PM |
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They will not understand what it is Bitcoin. They will just do this equation: Bitcoin = unregistered poker -> No money for state -> ban.
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01BTC10
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December 03, 2012, 03:51:36 PM |
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I think SwitchPoker is accepting Bitcoin payment for over a year now. Mass adoption from online gambling site would be an awesome news. That would also stop most of the carding and chargeback fraud currently occuring. Great work BitInstant!
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Dusty
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December 04, 2012, 07:42:59 AM |
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Hello Trace, I did'nt know that you translated in italian some of your books, hat off! I linked your book on my blog. Btw, I see that on coindl page you linked the english version of the bitcoin video, but you should consider using the italian one: http://www.youtube.com/watch?v=QSUJqb33Sd8 |
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