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Author Topic: Attn: People who buy stuff with bitcoins  (Read 2496 times)
nemo
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June 26, 2011, 01:18:18 AM
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Stop being cheap. A 15 dollar bitcoin isn't worth 20, 30 or 100 dollars yet. That is all.
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BitcoinPorn
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June 26, 2011, 01:20:28 AM
 #2

lol, care to share a bad experience with some merchants/customers?

Jack of Diamonds
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June 26, 2011, 01:20:40 AM
 #3

What is a 15 dollar bitcoin and where do you get them?

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nemo
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June 26, 2011, 01:21:41 AM
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No bad experience. Just nobody wants to buy my stuff at prices comparable with the exact product on ebay. That's my own personal gripe. Other than that I don't see how we can get fresh blood involved if they have to get screwed on a transaction just to get their feet wet.
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June 26, 2011, 01:22:38 AM
 #5

What is a 15 dollar bitcoin and where do you get them?

Last price at trade hill at the time of writing this is 15.29. MTGox is dead, tradehill sets the price for now.
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June 26, 2011, 01:26:39 AM
 #6

We also have to consider what you are selling. I am beginning to think the problem isn't people don't want to buy stuff with BTC. Maybe our community isn't large to offer enough of the things people want to buy.

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June 26, 2011, 01:29:02 AM
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We also have to consider what you are selling. I am beginning to think the problem isn't people don't want to buy stuff with BTC. Maybe our community isn't large to offer enough of the things people want to buy.


I'd agree with that. At least on ebay I can pit the whole world against itself. What do you guys think it would take to close the gap?
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June 26, 2011, 01:39:11 AM
 #8

totally agree here.. have yet to conclude a transactoin in bitcoins, either total lowball offer, or they're scared i'm a scammer.
also alot of agreeing then they change their mind at the last second, and just general wasting time.

for some reason shipping is expected to be paid for by the seller too even tho this is not the case in any other transaction, and usually to some weird place in europe or a cult in montana or some weird ass shit.

Alex Beckenham
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June 26, 2011, 01:42:15 AM
 #9

No bad experience. Just nobody wants to buy my stuff at prices comparable with the exact product on ebay. That's my own personal gripe. Other than that I don't see how we can get fresh blood involved if they have to get screwed on a transaction just to get their feet wet.

How about linking to it, now that you have people's attention? Smiley

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June 26, 2011, 01:52:19 AM
 #10

We also have to consider what you are selling. I am beginning to think the problem isn't people don't want to buy stuff with BTC. Maybe our community isn't large to offer enough of the things people want to buy.


I'd agree with that. At least on ebay I can pit the whole world against itself. What do you guys think it would take to close the gap?


To close the gap, there needs to be a specific purpose for using BTC. A tentpole application. This app has to be FUN.

I say this, alot.. but I think there needs to be a game, in which the economy is based around BTC. The game would serve as stabilization tool for the BTC economy.

Imagine if there was a Second Life, Civilaztion type game where you can earn BTC based on skill. This would accomplish three things:
1) Remove the barrier for entry for using BTC- Reglar people will begin using it without thinking about the technical and political baggage.
2) Stabalize the economy- There will always be a place where BTC has a use, and a basis from which to determine value.
3) Encourage exchange instead of investing - People will see value in spending BTC, as opposed to hoarding it. Spending in game (investing) earns coins faster than waiting for the price to go up

Spending BTC outside of the game, on products like yours, will be an added bonus to using the currency.

tldr - There needs to be a specific use for BTC. This will help real world retailers

Electrongolf
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June 26, 2011, 02:27:19 AM
 #11

delete

westkybitcoins
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June 26, 2011, 02:29:24 AM
 #12

We also have to consider what you are selling. I am beginning to think the problem isn't people don't want to buy stuff with BTC. Maybe our community isn't large to offer enough of the things people want to buy.


I'd agree with that. At least on ebay I can pit the whole world against itself. What do you guys think it would take to close the gap?


For me, liquidity.

I don't do much online shopping in the first place. But I like bitcoins. If I could replace my stash fairly easily and quickly, I'd actually be on the lookout for opportunities to buy what I need online in bitcoins. My first purchase of bitcoins was ridiculously slow, even though it was via money order (who waits for those things to clear?) I immediately looked for a faster alternative. Fortunately, bitcoinexchange.cc exchanges bitcoins for MoneyPak codes, and I used their service a few times afterward. It's convenient, enough that spending my bitcoins is a possibility now, but still.

I guess what I really want is a little stand in the mall where I go and pay cash, and they send me bitcoins immediately. I know, I want a whole lot, and right now, but I'm just saying. That might actually get me to stop being so miserly with them and to spend bitcoins like I do cash.

I understand the OP's frustration, though.

Could you post a link to your website?

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
...
...
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
...
...
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
Bunghole
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June 26, 2011, 02:32:21 AM
 #13

I'm in the process of buying something quite tangible for $1,500+ in BitCoins.
InsanityIsGreat
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June 26, 2011, 02:33:58 AM
 #14

I couldn't agree right now a bitcoin is worth 15$ so don't treat it like its worth 20$ or even 30$. I wonder though how merchants will update their prices based on bitcoin exchange fluctuation.

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Alex Beckenham
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June 26, 2011, 02:36:43 AM
 #15

I couldn't agree right now a bitcoin is worth 15$ so don't treat it like its worth 20$ or even 30$. I wonder though how merchants will update their prices based on bitcoin exchange fluctuation.

I treat half my bitcoins like they're worth $100, coz I'm keeping them for the long term.

Lech_Walesa
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June 26, 2011, 02:43:04 AM
 #16

Well I must say as the seller that I have pretty good demand for my goods here.

I think it's not only "deflation thing" but more factors: your product + price

awwright
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June 26, 2011, 02:44:20 AM
 #17

To close the gap, there needs to be a specific purpose for using BTC. A tentpole application. This app has to be FUN.

I say this, alot.. but I think there needs to be a game, in which the economy is based around BTC. The game would serve as stabilization tool for the BTC economy.

Imagine if there was a Second Life, Civilaztion type game where you can earn BTC based on skill. This would accomplish three things:
1) Remove the barrier for entry for using BTC- Reglar people will begin using it without thinking about the technical and political baggage.
2) Stabalize the economy- There will always be a place where BTC has a use, and a basis from which to determine value.
3) Encourage exchange instead of investing - People will see value in spending BTC, as opposed to hoarding it. Spending in game (investing) earns coins faster than waiting for the price to go up

Spending BTC outside of the game, on products like yours, will be an added bonus to using the currency.

tldr - There needs to be a specific use for BTC. This will help real world retailers

Me, Kiba, and some others looked into this: http://bitcoin-gamedev.sourceforge.net/
It's stalled for now but any new ideas would be awesome.
qualia8
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June 26, 2011, 02:46:33 AM
 #18

We also have to consider what you are selling. I am beginning to think the problem isn't people don't want to buy stuff with BTC. Maybe our community isn't large to offer enough of the things people want to buy.


I'd agree with that. At least on ebay I can pit the whole world against itself. What do you guys think it would take to close the gap?


To close the gap, there needs to be a specific purpose for using BTC. A tentpole application. This app has to be FUN.

I say this, alot.. but I think there needs to be a game, in which the economy is based around BTC. The game would serve as stabilization tool for the BTC economy.

Imagine if there was a Second Life, Civilaztion type game where you can earn BTC based on skill. This would accomplish three things:
1) Remove the barrier for entry for using BTC- Reglar people will begin using it without thinking about the technical and political baggage.
2) Stabalize the economy- There will always be a place where BTC has a use, and a basis from which to determine value.
3) Encourage exchange instead of investing - People will see value in spending BTC, as opposed to hoarding it. Spending in game (investing) earns coins faster than waiting for the price to go up

Spending BTC outside of the game, on products like yours, will be an added bonus to using the currency.

tldr - There needs to be a specific use for BTC. This will help real world retailers


Excellent suggestion.  I'd never seen 2nd Life before trying to buy BTC and getting linden to exchange, but seems they have serious economic activity internal to that game.  Lots of virtual stuff to buy, and the boundary between the virtual and the real seems awfully hazy in there.
killer2021
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June 26, 2011, 02:48:25 AM
 #19

Its because they are pricing in the volatility.

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FooDSt4mP
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June 26, 2011, 02:59:22 AM
 #20

I buy things with bitcoin.  Then I buy bitcoins with the fiat I would have spent.  What are you offering?  Is the price fair (I'll pay 5% more to support bitcoin, but not much more)?  Are you listed on the trade page on the wiki?  Most of the users are new at this point, and many of them see this as merely an investment.  Hopefully, they catch on and join the rest of us in building a functional economy.  I don't have much to spare, so most of my bitcoins are spent on necessities, but there are quite a few people in this community that can afford to increase the value of their holdings by supporting bitcoin merchants.

As we slide down the banister of life, this is just another splinter in our ass.
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