kiba (OP)
Legendary
 Offline
Activity: 980
Merit: 1014
|
 |
March 15, 2011, 07:29:55 AM |
|
We got a knockout spectacular last February with Security Now and several other media publication, but now we're experiencing a kind of media drought for Bitcoin.
On occasion, some new services and merchants show up but nothing much happening this month.
|
|
|
|
|
|
|
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
stakhanov
|
|
March 15, 2011, 11:22:09 AM |
|
On occasion, some new services and merchants show up but nothing much happening this month.
In my opinion, that's the only thing that counts in the long term. If we want the bitcoin system to succeed, we have to strive to make the system as convenient as possible for merchants and their customers.
Once we reach the critical mass, the media will simply "wake up" to bitcoin and start talking a lot about the system.
|
|
|
|
|
da2ce7
Legendary
Offline
Activity: 1222
Merit: 1016
Live and Let Live
|
|
March 15, 2011, 11:33:38 AM |
|
There are things in development (like the super secret project that I'm involved with), that are going to be revealed publicly soon.
I really do think that it is scary when everyone gets so used to the speculative growth, but when many get their heads down and get real work done, that is when we will see the real growth.
Hmm, I think that if the bitcoin difficulty drops two times in a row, then we can start thinking about an issue.
But I agree things are very quite. (maybe it is just the calm before the storm, certainly doesn't feel like it tho.)?
|
One off NP-Hard.
|
|
|
rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
|
|
March 15, 2011, 11:50:13 AM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
|
Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
|
|
|
|
ryepdx
|
|
March 15, 2011, 04:22:56 PM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
+1 |
|
|
|
|
kiba (OP)
Legendary
Offline
Activity: 980
Merit: 1014
|
|
March 15, 2011, 04:28:46 PM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
We barely got started with the exponential growth. |
|
|
|
rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
|
|
March 15, 2011, 04:34:21 PM |
|
We barely got started with the exponential growth.
Let me modify my suggestion. If you want to see more Bitcoin mentions in different media, you can buy more and push the price up, or you can offer new goods or services people want. In the absence of either a new price hike or new uses for Bitcoins, there is little to talk about. |
Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
|
|
|
gusti
Legendary
Offline
Activity: 1099
Merit: 1000
|
|
March 15, 2011, 04:36:31 PM |
|
anyway, 1091 new registered members to this forum on half of March
|
If you don't own the private keys, you don't own the coins.
|
|
|
kiba (OP)
Legendary
Offline
Activity: 980
Merit: 1014
|
|
March 15, 2011, 04:43:28 PM |
|
Let me modify my suggestion. If you want to see more Bitcoin mentions in different media, you can buy more and push the price up, or you can offer new goods or services people want. In the absence of either a new price hike or new uses for Bitcoins, there is little to talk about.
I am trying to constantly produce new contents. So far I only have 3 posts on witcoin that are profitable. I suspect the short term loss will be balanced out by a later rise of traffic. |
|
|
|
ArsenShnurkov
Legendary
Offline
Activity: 1386
Merit: 1000
|
|
March 15, 2011, 06:48:09 PM |
|
I suspect the short term loss The right word is not "I suspect", but "I hope that". But we can see, that actually this is the end of bitcoin era. The ballance of generated bitcoins vs demand for real world is not reached. The bitcoin price will continue to decline, user base will not grow, And the future of bitcoin is forgetting |
|
|
|
|
S3052
Legendary
Offline
Activity: 2100
Merit: 1000
|
|
March 15, 2011, 07:08:01 PM |
|
I suspect the short term loss The right word is not "I suspect", but "I hope that". But we can see, that actually this is the end of bitcoin era. The ballance of generated bitcoins vs demand for real world is not reached. The bitcoin price will continue to decline, user base will not grow, And the future of bitcoin is forgetting We should treat this with high alert and importance. If we don't get the awareness higher soon, bitcoin might decline significantly and eventually get forgotten. At least there is some substantial risk. |
|
|
|
jgarzik
Legendary
Offline
Activity: 1596
Merit: 1091
|
|
March 15, 2011, 07:29:04 PM |
|
I agree it's a slow news month. It is also worrisome that the recent slashdotting seemed to bring largely an interest in mining, and not so much a horde of people interesting in helping build the bitcoin economy. If bitcoin is to survive, we need good, solid, reputable businesses and interesting applications to attract consumers. We need easy merchant APIs that do not require running a bitcoin P2P node. We need lightweight client mode. A lot of work to do!  |
Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
|
|
|
genjix
Legendary
Offline
Activity: 1232
Merit: 1072
|
|
March 15, 2011, 07:41:52 PM |
|
I agree it's a slow news month. It is also worrisome that the recent slashdotting seemed to bring largely an interest in mining, and not so much a horde of people interesting in helping build the bitcoin economy. If bitcoin is to survive, we need good, solid, reputable businesses and interesting applications to attract consumers. We need easy merchant APIs that do not require running a bitcoin P2P node. We need lightweight client mode. A lot of work to do! - Improve client to be more friendly. We need an addressing scheme that's easy to use for plebs. - Stock exchange to gain funding for business ideas. - Funding. Influx of money. |
|
|
|
|
jgarzik
Legendary
Offline
Activity: 1596
Merit: 1091
|
|
March 15, 2011, 07:47:15 PM
Last edit: March 15, 2011, 11:35:09 PM by jgarzik |
|
- Improve client to be more friendly. We need an addressing scheme that's easy to use for plebs.
- Funding. Influx of money.
Agreed. - Stock exchange to gain funding for business ideas.
A nasty briar patch, IMO. If you ever reach ~50 investors in a single company, you trigger securities laws. And in some countries, you probably trigger securities laws anyway. |
Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
|
|
|
kiba (OP)
Legendary
Offline
Activity: 980
Merit: 1014
|
|
March 15, 2011, 08:14:20 PM |
|
- Improve client to be more friendly. We need an addressing scheme that's easy to use for plebs.
- Funding. Influx of money.
Agreed. - Stock exchange to gain funding for business ideas.
A nasty briar patch, IMO. If you ever reach ~50 investors in a single company, you trigger securities laws. And in some countries, you probably trigger securities laws anyway. What ya going to do when shareholders are anonymous and the companies have no real identity other than the fact that they exists on the internet? |
|
|
|
kiba (OP)
Legendary
Offline
Activity: 980
Merit: 1014
|
|
March 15, 2011, 08:14:54 PM |
|
The right word is not "I suspect", but "I hope that".
But we can see, that actually this is the end of bitcoin era.
The ballance of generated bitcoins vs demand for real world is not reached.
The bitcoin price will continue to decline,
user base will not grow,
And the future of bitcoin is forgetting
I was referring to my business operation. |
|
|
|
|
eMansipater
|
|
March 16, 2011, 07:09:29 AM |
|
The new bitcoin animation should be a pretty good March event |
If you found my post helpful, feel free to send a small tip to 1QGukeKbBQbXHtV6LgkQa977LJ3YHXXW8B Visit the BitCoin Q&A Site to ask questions or share knowledge. 0.009 BTC too confusing? Use mBTC instead! Details at www.em-bit.org or visit the project thread to help make Bitcoin prices more human-friendly. |
|
|
|
spenvo
|
|
March 16, 2011, 11:12:19 AM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
In principal I agree with the following: we need more Bitcoin providers of goods and services. However... In the past few days I have come to see that the Bitcoin economy is suffering from a case of the "chicken and egg" problem. Simply "[offering] more goods and services" is less than half of the answer to jump-starting the BTC economy. More important is finding those in need of specific goods and services and matchmaking with those that can provide. With so few people in possession of Bitcoins, it is of the highest priority to make the marketplace efficient and index the demand. To sum up, the "chicken and egg" problem is caused by an inefficient marketplace and a shortage of potential buyers of goods and services. -spencer |
|
|
|
|
Nefario
|
|
March 16, 2011, 11:21:21 AM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
In principal I agree with the following: we need more Bitcoin providers of goods and services. However... In the past few days I have come to see that the Bitcoin economy is suffering from a case of the "chicken and egg" problem. Simply "[offering] more goods and services" is less than half of the answer to jump-starting the BTC economy. More important is finding those in need of specific goods and services and matchmaking with those that can provide. With so few people in possession of Bitcoins, it is of the highest priority to make the marketplace efficient and index the demand. To sum up, the "chicken and egg" problem is caused by an inefficient marketplace and a shortage of potential buyers of goods and services. -spencer I'm back. Onto the topic, we should offer goods and services that are uniquely advantagous when using bitcoin. To a certain extent this means offering goods or services that are illegal or banned in many if not most countries. Begin to offer these and bitcoin will flourish. But even though it's a slow news (and chat) month as long as it is that way because people are busy building bitcoin stuff then great, thats fine. There will be a splurge of interest when we get a lot of new services. |
PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
|
|
|
nofuture
|
|
March 16, 2011, 06:18:03 PM |
|
Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
In principal I agree with the following: we need more Bitcoin providers of goods and services. However... In the past few days I have come to see that the Bitcoin economy is suffering from a case of the "chicken and egg" problem. Simply "[offering] more goods and services" is less than half of the answer to jump-starting the BTC economy. More important is finding those in need of specific goods and services and matchmaking with those that can provide. With so few people in possession of Bitcoins, it is of the highest priority to make the marketplace efficient and index the demand. Check out Silk Road that was announced this month. To sum up, the "chicken and egg" problem is caused by an inefficient marketplace and a shortage of potential buyers of goods and services. -spencer I'm back. Onto the topic, we should offer goods and services that are uniquely advantagous when using bitcoin. To a certain extent this means offering goods or services that are illegal or banned in many if not most countries. Begin to offer these and bitcoin will flourish. But even though it's a slow news (and chat) month as long as it is that way because people are busy building bitcoin stuff then great, thats fine. There will be a splurge of interest when we get a lot of new services. |
|
|
|
|
