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Author Topic: Physical Bit Dollars (BETA)  (Read 3450 times)
TheBitMan
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August 06, 2011, 10:12:42 PM
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Website so far: http://bitdollars.weebly.com/


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TheBitMan
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August 06, 2011, 10:14:07 PM
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wow that lacks info sorry, you would then add the code (all different and secret on every bill, keep that code the the qr code between you and YOU only) to the end of the sites url and it will bring you to your page! You can then redeem your btc
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August 06, 2011, 10:23:41 PM
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Do you have ADD? You seem to start a new project every few days. Hopefully you find something to keep you interested for a while!  Grin Grin
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August 06, 2011, 10:25:59 PM
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Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
SmokeAndMirrors
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August 06, 2011, 10:27:41 PM
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Do you have ADD? You seem to start a new project every few days. Hopefully you find something to keep you interested for a while!  Grin Grin

Like cocaine for example...

Started a space program donation and this project today.

Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.

My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
TheBitMan
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August 06, 2011, 10:33:05 PM
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Do you have ADD? You seem to start a new project every few days. Hopefully you find something to keep you interested for a while!  Grin Grin
I wish I had an explanation of why I do this but no I don't lol
TheBitMan
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August 06, 2011, 10:33:53 PM
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Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
I was born and raised in America lol. I guess I have to pay more attention. And I still live here..
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August 06, 2011, 10:34:58 PM
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Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
I was born and raised in America lol. I guess I have to pay more attention. And I still live here..

TheBitMan   isn't a man he's a boy lol   aren't you like 15 ?  just saying .... might also explain a project every second  Grin

Bitcoin Crowd Funding! Bitcoinstarter.com
TheBitMan
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August 06, 2011, 10:35:11 PM
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Bitman your sentences are very hard to understand. If you are using a translator of some type, I would recommend trying another, or getting an english speaking partner.
I was born and raised in America lol. I guess I have to pay more attention. And I still live here..

TheBitMan   isn't a man he's a boy lol   aren't you like 15 ?  just saying ....
yep
TheBitMan
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August 06, 2011, 10:35:47 PM
 #10

They would be cheaper than bitbills..
jimbo77
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August 06, 2011, 10:41:23 PM
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They would be cheaper than bitbills..
But will you still be around for customer service when your space exploration program takes off?  Wink

Just teasing you! I hope you have success in one of your projects.
TheBitMan
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August 06, 2011, 10:57:45 PM
 #12

They would be cheaper than bitbills..
But will you still be around for customer service when your space exploration program takes off?  Wink

Just teasing you! I hope you have success in one of your projects.
This is the one I think I have been waiting for!!
TheBitMan
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August 06, 2011, 11:47:20 PM
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Changed it a bit, new dollar will be up later. Site is up in beta http://bitdollars.weebly.com/

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August 07, 2011, 02:54:27 AM
 #14

New bills out in a few minutes. To help counterfeiting I am going to put something on them. Although it's not the best technique, counterfeiting would only happen if someone taded the dollars because I know all the codes, you can't cheat the system with a fake code.
TheBitMan
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August 07, 2011, 02:58:38 AM
 #15

image updated up on top
JoelKatz
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August 07, 2011, 03:48:25 AM
 #16

Do you pledge to always keep 100% of the bitcoins you issue as bitcoins? Or do you plan to have some kind of reserve ratio?

I am an employee of Ripple.
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
ctoon6
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August 07, 2011, 03:50:49 AM
 #17

what is the advantage of this over having real keys on paper.

TheBitMan
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August 07, 2011, 03:53:11 AM
 #18

Do you pledge to always keep 100% of the bitcoins you issue as bitcoins? Or do you plan to have some kind of reserve ratio?
Not exactly sure of the question but I will never spend the Bitcoins that should be ready to redeem. I wont spend any of the Bitcoins other than my site fees.
TheBitMan
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August 07, 2011, 03:54:53 AM
 #19

what is the advantage of this over having real keys on paper.
It's the same idea as BitBills just with paper.
markm
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August 07, 2011, 04:04:31 AM
 #20

what is the advantage of this over having real keys on paper.
It's the same idea as BitBills just with paper.

If they can easily and conveniently be accepted by shops that accept bitcoin then for anyone who already owns a printer they should be very useful. heck if I had lots of shops nearby that accept bitcoins and lots of bitcoins to spend maybe I'd even buy a cheap printer just so I can walk around with paper bitcoins to spend at local shops.

I do not understand what fractional reserve and so on has to do with using printed on paper bitcoins though. What would I gain by using a fractional reserve system (backed only by whatever is left over after paying for website expenses or whatever it seems) instead of simply giving my printed bitcoins to the retailer to scan into their own system? Or is it precisely because I don't personally have a printer and maybe have no desire to own a printer that I might find using a website that does own a printer useful as a means of printing my bitcoins?

-MarkM-

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