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Author Topic: Bitcoin prices falling!  (Read 6335 times)
Dan The Man
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October 19, 2011, 03:42:16 AM
 #61

How about an app, something popular and fun like Tower Defence, Angry Birds or Snood, that brings in some sort of dollar revenue. In return, it gives back some of that revenue as BTC for completing in game challenges. It works as a kind of in game currency for bonuses or upgrades or hats things like that. For the person that doesn't care, BTC can just be like points. They don't need a wallet or anything it's just a score, or a game money for them. For the person that is really into the game, they might want to purchase external BTC to buy more in game upgrades. They could buy these from other players or on the open market. Sound feasible?

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factotumjack
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October 19, 2011, 04:08:19 AM
 #62

Actually, it does sound feasible.  I can see there being a draw in being able to spend 'game money' on real services. Still though.. it would take a lot of time to work out the in-game mechanics so that you're not doling out huge amounts of BTC for little cash. Perhaps if the player had the option of becoming a miner for BTC in their in-game account? Then you could give item drops (to use an MMORPG term) in a structure that paid an expected value slightly less than the BTC value of their mining.

On the other hand, if the game got popular, mining value could go down the toilet.

Not so simple after all.

Recent MSc Statistics graduate from UBC Okanagan. Now offering statistical consulting and data analysis for CAD/USD or BitCoins.

Programmer of Doc Logic on X-Box Indie Games: http://www.youtube.com/watch?v=4IBIqmQ6CjA
freshzive
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October 19, 2011, 05:20:48 AM
 #63



I still don't think that the occupy movement will do much (if anything) to bitcoin in the long run.

Any press is good press

lonestar108
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October 19, 2011, 08:09:40 AM
 #64



I still don't think that the occupy movement will do much (if anything) to bitcoin in the long run.

Any press is good press

True, but ultimately bitcoin's usefulness in providing an alternative means of performing monetary transactions is what will make it successful in the long run. Since I don't hold any BTC long-term but usually only when I need them, I'm not panicking yet, although I'm glad I didn't invest in a bunch like I was planning to a few months ago.
Bit Ghost
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October 19, 2011, 02:39:52 PM
 #65



I still don't think that the occupy movement will do much (if anything) to bitcoin in the long run.

The more the merrier. It would be more people to spread the word about BitCoin, that may be good considering the occupy movement seems to consist of people that are mainly active within their movement, so therefore this can benefit similar like minded movements. It just depends whether the occupy movement would see BitCoin as a similar and like minded movement, I believe they would.

I think the Occupy movement first needs to decide what it's protesting for/against. I went to my local protest just to look around and there were people protesting everything from marijuana legalization, to tax rates, to 9/11 conspiracies, to wealth inequality.

Seems like a lot of people who are pissed about a bunch of stuff. Spreading the word about Bitcoin is fine but it looks like they have other issues they want to deal with first.

AQyXRP9mAvbgSdi7rZS2xf39MEGqprjvEb
BitterTea
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October 19, 2011, 02:58:33 PM
 #66



I still don't think that the occupy movement will do much (if anything) to bitcoin in the long run.

The more the merrier. It would be more people to spread the word about BitCoin, that may be good considering the occupy movement seems to consist of people that are mainly active within their movement, so therefore this can benefit similar like minded movements. It just depends whether the occupy movement would see BitCoin as a similar and like minded movement, I believe they would.

I think the Occupy movement first needs to decide what it's protesting for/against. I went to my local protest just to look around and there were people protesting everything from marijuana legalization, to tax rates, to 9/11 conspiracies, to wealth inequality.

Seems like a lot of people who are pissed about a bunch of stuff. Spreading the word about Bitcoin is fine but it looks like they have other issues they want to deal with first.

They're all related, unfortunately many don't realize that the problem is government, just one of the symptoms is corporations.

Bitcoin (or the concept of decentralized currency anyway) is one of many cures.
kiyote
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October 19, 2011, 04:56:28 PM
 #67



I still don't think that the occupy movement will do much (if anything) to bitcoin in the long run.

The more the merrier. It would be more people to spread the word about BitCoin, that may be good considering the occupy movement seems to consist of people that are mainly active within their movement, so therefore this can benefit similar like minded movements. It just depends whether the occupy movement would see BitCoin as a similar and like minded movement, I believe they would.

I think the Occupy movement first needs to decide what it's protesting for/against. I went to my local protest just to look around and there were people protesting everything from marijuana legalization, to tax rates, to 9/11 conspiracies, to wealth inequality.

Seems like a lot of people who are pissed about a bunch of stuff. Spreading the word about Bitcoin is fine but it looks like they have other issues they want to deal with first.

I think that the Occupy movements are actually a whole bunch of different, smaller movements rolled into one to gain a larger presence than if they were all separate.  There's no reason why BitCoin couldn't be added to the mix, especially if other members of the Occupy movement began to accept donations in it.  Wink
mr chong
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October 19, 2011, 06:06:21 PM
 #68

It usually takes years for something like this to catch on, it took Paypal years even with ebays help to grow and this is much more complex since it is not just a way of making payments but a form of payment itself.
btcfan
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October 20, 2011, 04:18:48 AM
 #69

It's not going to be void. Currency going up and donw all the time.

http://www.BtcFan.com

A fair, user self-managing betting web site.
Creators get 5% of losing bitcoins.
Rules are plain and simple. Winners get all.
Play with or without bitcoins.
RADEONHD
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October 20, 2011, 05:34:56 AM
 #70

At this point mining is great if you like destroying the environment and spending a fortune on electricity whilst not even getting enough compensation to help pay half the electric bill.
Mr Squidward
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October 22, 2011, 03:17:10 AM
 #71

Regarding a use for Bitcoin that could give it real traction, I imagine that if online porn sites began to offer Bitcoin as an option it would soon have a lot of users. Bitcoin transactions may not be totally anonymous, but they're a lot easier to hide from the wife or gf than a credit card.
kiyote
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October 22, 2011, 06:20:32 AM
 #72

Regarding a use for Bitcoin that could give it real traction, I imagine that if online porn sites began to offer Bitcoin as an option it would soon have a lot of users. Bitcoin transactions may not be totally anonymous, but they're a lot easier to hide from the wife or gf than a credit card.

You actually make a good point here.  It's a selling point for both the porn market _and_ BitCoins.  ;-)
helloworld
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October 26, 2011, 02:23:34 PM
 #73

At this point mining is great if you like destroying the environment and spending a fortune on electricity whilst not even getting enough compensation to help pay half the electric bill.

I suspect that it's also pretty great if you plan to keep your mined coins for a few years and sell them for megabucks.


Dan The Man
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October 26, 2011, 03:27:09 PM
 #74

I suspect that it's also pretty great if you plan to keep your mined coins for a few years and sell them for megabucks.
[/quote]

No it's not. If mining costs you more than the market price of bitcoins, then you can just spend the money you save from your electricity bill on buying bitcoins. You would end up with more coins and still be able to sell them for megabucks down the road.

kiyote
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October 26, 2011, 04:46:49 PM
 #75

Buy, just buy.
Alfurx
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October 26, 2011, 05:09:44 PM
 #76

Now that BTCs are below 3 bucks, someone hacked my TH account and stole 17 BTCs by withdrawing them to his address.. WHY? It would have made sense at $15/BTC or more...
novalia65
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October 26, 2011, 09:09:06 PM
 #77

I am not so sure about electric companies accepting bitcoins for payment...I hope that comes true one day and that bitcoin stabilizes at all...There are many interesting created against bitcoin currency. Big players won't allow people to take control over currencies so easily. Power make persons greddy
Korvalkov_V
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October 27, 2011, 09:27:53 AM
 #78

Buy, just buy.
agree
burlington
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October 27, 2011, 11:28:15 AM
 #79

I've only been around the btc scene a couple of months but we seem to be on or about a decent resistance point after the price collapse of the last fortnight. If I had any money to invest, I also would buy buy buy!
kiyote
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October 27, 2011, 09:25:11 PM
 #80

I've only been around the btc scene a couple of months but we seem to be on or about a decent resistance point after the price collapse of the last fortnight. If I had any money to invest, I also would buy buy buy!

Personally, I think that we're going to have a linear growth from this point out, at least for a while.  I am curious as to what's going to happen next year when the number of bitcoins you gain per block gets halved.

kiyote
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