BitTalk Podcast - Episode 1 | Subscribe @ BitTalk.tv

[Serge]

Atlas, in the podcast you said 80% of the coins are not circulating. I was looking for that statistic a while ago. Would appreciate if you point out to me where to get this stats.

funny thing, in the past 24 hours close to 100% of bitcoins we moved (doesn't necessarily mean traded or exchanged hands though)
http://bitcoinwatch.com/
- btw it's just a volume, some coins don't move at all though

i suspect it will be over 100% later on today

keep an eye on exchanges to see trading volume in different exchanges
http://bitcoincharts.com/markets/

[1715585797]

1715585797

[andes]

Atlas, in the podcast you said 80% of the coins are not circulating. I was looking for that statistic a while ago. Would appreciate if you point out to me where to get this stats.

funny thing, in the past 24 hours close to 100% of bitcoins we moved (doesn't necessarily mean traded or exchanged hands though)
http://bitcoinwatch.com/
- btw it's just a volume, some coins don't move at all though

i suspect it will be over 100% later on today

keep an eye on exchanges to see trading volume in different exchanges
http://bitcoincharts.com/markets/

Could the same bitcoins being used in many transactions?

[Atom]

Yes, it is traders trading the same BTC to glean short-term profit on the huge sell/buy spread. 

Look at the stock of any large traded company and you'll find the vast majority of the stock changes hands very infrequently, but often the total daily volume will be above %100

[elggawf]

I don't know if you guys are aware of this, but in Atom's signature he links to www.bittalk.tv, and the www hostname for your domain is busted.

[Serge]

Atlas, in the podcast you said 80% of the coins are not circulating. I was looking for that statistic a while ago. Would appreciate if you point out to me where to get this stats.

funny thing, in the past 24 hours close to 100% of bitcoins we moved (doesn't necessarily mean traded or exchanged hands though)
http://bitcoinwatch.com/
- btw it's just a volume, some coins don't move at all though

i suspect it will be over 100% later on today

keep an eye on exchanges to see trading volume in different exchanges
http://bitcoincharts.com/markets/

Could the same bitcoins being used in many transactions?

yes, if you move same bitcoin from address to address it adds volume

[Serge]

Yes, it is traders trading the same BTC to glean short-term profit on the huge sell/buy spread.  

Look at the stock of any large traded company and you'll find the vast majority of the stock changes hands very infrequently, but often the total daily volume will be above %100

not sure I can agree with this argument.

bitcoinwatch.com reports volume of transactions in the blockchain for 24hr period of time
exchanges move funds internally between trades without getting on to block-chain unless you pull in/out btc for each new order from/to an exchange.

[Atom]

I'll study up more on the markets now that Gox is open again, as I've mentioned I'm new to the community and am still getting up to speed There are some major differences between the market for BTC, and "real world" markets (notably that BTC is less manipulated lol)

[Atom]

I don't know if you guys are aware of this, but in Atom's signature he links to www.bittalk.tv, and the www hostname for your domain is busted.

Good catch elggawf, it's fixed now and I'm updating the first post

[bbit]

hey atom your link doesn't work bittalk.tv 

[Anonymous]

http://bittalk.tv

We'll get that www. working, if it's the last thing we do. Heh.

[Atom]

oh lawl, i'm a big forum noob - I was fixing and re-fixing my URL link, when the problem was my signature....

[Atom]

So not that I'm one to complain about praise, but anybody want to talk about the content of this first episode?   Is most folks on the same page with us, and that's why they're interested in BTC, or do you disagree?

Integrity is very important to us, we are being very selective about who we approach for sponsorship (none of the exchanges until one proves itself, no pyramid schemes or get-rich quicks, etc.) so that we can retain and reinforce our independent nature, and hopefully get some real information out of some of these unknown quantities.

Whatcha think?

[LightRider]

Good first episode. I'm really interested in exploring Atlas' views more because he seems to want to say a lot about money and society in general.

Regarding the velocity of bitcoin, it is going to be phenomenal I'm sure. A purely digital currency with no bureaucratic nonsense tying it up? At least an order of magnitude greater velocity than any old world currency could have enjoyed.

Edit: Regarding the content, I would have liked the topics listed in the agenda to be focused on a bit more and more specifics shared for those individuals who might not have kept up with all the latest news. But I would also really like to see editorializing and opinions being discussed also. I think it is fascinating for people to engage in really meaningful discussion and I hope you have more of it.

[peach]

Great podcast. You should consider uploading it to YouTube as well.

[Atom]

woof, I gotta learn how to use windows movie maker a bit better... trying to split this file into 4 10 minute segments so Youtube will accept it was substantially harder than I thought it would be and I've run out of time, so this won't be on youtube until tomorrow.

Once I systemize this, all episodes will also be posted to youtube at our new account BitTalkRadio

Out of curiousity, why is Youtube preferable vs. embedded mp3 player or RSS download? 

[Anonymous]

Heh, Atom, I don't think it is exactly preferable. It's more of an act of publicity, last I checked.

[3phase]

Just started listening to Episode 1, my CPU fan noise caught my attention, and then I see a 88% CPU usage by java.

Tried it with different browsers, same result.

Are you guys using your viewer's computers for mining? If yes, you should disclose the fact at least.

In any case, the talk would be interesting for anyone that hasn't spent more than a few hours on the forums in a productive way. In other words, nothing new.

But all in all, a good first attempt.

[Atom]

Just started listening to Episode 1, my CPU fan noise caught my attention, and then I see a 88% CPU usage by java.

Tried it with different browsers, same result.

Are you guys using your viewer's computers for mining? If yes, you should disclose the fact at least.

In any case, the talk would be interesting for anyone that hasn't spent more than a few hours on the forums in a productive way. In other words, nothing new.

But all in all, a good first attempt.

Sorry about that lol, Atlas has been trying various things on the webpage - we're still figuring out ways to pay for this operation, and that is one of the options discussed but you're completely right it needs to be disclosed.     Regarding the content, it's our first episode and really Atlas and I are getting to know each others viewpoints on these issues, so while I'll agree it may have been old hat to you it is benificial to the show overall (and additionally to people who don't spend most of their time on the boards)

So on the subject of mining, what do you think about it?   It seems like its a higher risk of annoying people to me than any costs that could be recovered by mining with CPUs given the ever increasing difficulty, but on the other hand it requires no effort and little to no cost (maybe more electricity?) to the listener who is taking advantage of a "free" service.

Ideally I think we'd fund purely through small donations like my comment says, which would allow us to be free of any ethical, legal, or moral entanglements resulting from sponsorship agreements with community members (who might become a subject of discussion, either rightly or wrongly)

Really would like to know peoples thoughts about this - what do you guys think?

[jdebunt]

will check it out, always interesting to hear what you guys' opinions are

[3phase]

Sorry about that lol, Atlas has been trying various things on the webpage - we're still figuring out ways to pay for this operation, and that is one of the options discussed but you're completely right it needs to be disclosed.     Regarding the content, it's our first episode and really Atlas and I are getting to know each others viewpoints on these issues, so while I'll agree it may have been old hat to you it is benificial to the show overall (and additionally to people who don't spend most of their time on the boards)

So on the subject of mining, what do you think about it?   It seems like its a higher risk of annoying people to me than any costs that could be recovered by mining with CPUs given the ever increasing difficulty, but on the other hand it requires no effort and little to no cost (maybe more electricity?) to the listener who is taking advantage of a "free" service.

Ideally I think we'd fund purely through small donations like my comment says, which would allow us to be free of any ethical, legal, or moral entanglements resulting from sponsorship agreements with community members (who might become a subject of discussion, either rightly or wrongly)

Really would like to know peoples thoughts about this - what do you guys think?

The instant response is appreciated and goes to show that you are at least a decent person.

I would not mind the mining, as long as there is reasonable throttling (my CPU fan is a disturbing noise, as I guess is the case for most). I don't really know if it is technically possible to limit CPU usage to say 40%.

Another issue was that I found it hard to distinguish your voices after a while, so I didn't understand who was saying what at certain points. Maybe get a nice female voice to interview Atlas?

I think small donations are the way to go, until you have good enough content to charge PPV (pay-per-view) .Bitcoin is ideal for micropayments.

An added extra for paying customers could be a transcript. Although I said before most of it is not new, there were some sentences by both of you which would have a lot of staying value, even though you might not realize that. And different things would appeal to different listeners.

If it's not clear, I am trying to be encouraging. Donation sent.