I think I come up with some great ideas for businesses that would make money with Bitcoins, but I lack the time and follow through.  But how about . . .

1) BitcoinSlots.com . . . I have 8 5870 GPUs running constantly.  Charge about about 5%, for a return of 95 percent to "players".   You buy "chips" with US Dollars through MoneyBookers or some similar thing which has a low or non-existent chargeback rate and those are sold at the current MtGox price.  Bets would be, say, 1/10th of a bitcoin.  When I generate a block, I simply pay it to the next person who plays the slot game.  Sure, this would lead to people massively betting right after a block is generated, but maybe the last time a block is generated is posted right on the slot machine, along with the current MtGox price and USD equivalent.  Better odds than Vegas and I would then be able to change my Bitcoins for dollars without fees and hassle.  This could perhaps also be a feature of a mining pool like Slush's.  He could PayPal me USD instead of Bitcoins earned and make more.  It would be nice if the whole thing could be made transparent and cheat proof.

2) Even Better idea.  Bit Dollars, always equal to one US Dollar worth of Bitcoins at all times, like all of the gold backed internet currencies, except the BitCoin backs the BitDollar.  Unlike BitCoins, the value of the BitDollar does not change relative to the US Dollar.  Like Liberty Reserve is one US Dollar and backed by one US Dollar worth of gold.  Maybe it could be an eventual feature of the program that rather than having a person hold the BitCoins in reserve, like LibertyReserve holds the gold in reserve, the network itself hold the accounting of which blocks are backing the BitDollar at any given time.  Thus, no one has to trust any company or central authority.

Bulk buying sounds interesting. Kind of like batchPCB:

• Clients visit the site and pledge small sums of USD
• When the pledge total reaches ~$100, everyone is charged and the money wired to Mt. Gox
• The site owner bargains for a good price, and then buys $100 worth of Bitcoins
• Bitcoins are distributed to clients in a ratio equal to their original pledges

bump!

An insurance for the customers Bitcoin Balance.

Like this: https://bitcointalk.org/index.php?topic=137175.0


Multi million Bitcoin Business

My thoughts exactly. Sometimes I feel like BTC's worst enemy is its own user base.

my sentiments exactly to both of you. this is why i and a few other people with the same mind set have moved over to litecoin and are in progress of doing a few things with that.

a few of us have already been in contact with merchants/ e-commerce and brick and martar stores and for all the propaganda about silk road and limited userbase of 200k regular users world wide = 1 people per town. its not really in it for them. plus asking the merchant to fit the bill of the discount does not look good either.

although the counter argument is: free advertising on many websites, maybe some media coverage and the only cost is x% loss on the potential 1 customer per town, which on the scheme of things is just a drop in the pond. the whole propaganda of SR keeps rearing its little head up again.

the whole anonymous SR niche market VS mainstreaming legit businesses. is still like knocking ur head on a brick wall.

i do though think that people making insureances and gambling are just stirring the pot of cash amungst themselves and not really creating actual value or expanding the community. a much better idea is to create a website selling goods and using a drop shipper to do the hard work. it costs you nothing upfront, no need to store unwanted goods if they never sale , no need to package them up or take them to delivery points. you just get an order and pass it onto the drop shipper adhok.

if you have a bricks and mortar shop and want to accept crypto but without the hassle of confirm times.. there is and has been a solution.

MTGOX codes

this means the amount has been pre confirmed in mtgox and will instantly appear when you redeem it.

need i say more?

yep.
just need to create an app that says send your mtgox code to this page. (which is linked to the shop owners mtgox account or bitinstant)

let me think. credit mtgox.. hang on.. thats my idea

Exactly, the skeleton in the cupboard the bitcoiners are shy to disclose to the public. Here's Bitcoin Red Eenvelope plan, i would call it brilliant.

In Chinese families, red envelopes containing several dollars or several hundred are send to youngsters during the Spring Festival all over the world, why not bitcoin in the envelope or dollar and cash? Attached this note in the envelope and instantly it's amazing bitcoin red envelope:

"Dear XXX, By 15th Feb, if you can set up a bitcoin account and learn how to use bitcoin, I'll send you 1 bitcoin as a new year's gift in addition to the dollars. Visit https://blockchain.info/wallet/ to find it out."

Just imagine, if 100 k Chinese youngsters are using bitcoins in a community, that's going to create a whole new clear and clean ecosystem.

BitBook - like FB but all members get to share equally in the profits and an equal vote on all policies.