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Author Topic: Serious news by text messages [new community service]  (Read 1743 times)
trustnobody
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March 16, 2014, 06:58:11 AM
 #21

By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade.  Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner.  I see no benefit in your system.

A tool that prevents you from panic selling would be more valuable.

 Grin very funny, I wish I had such a tool, once I was very stupid being in a hurry sold too much Cry
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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btcreport (OP)
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March 16, 2014, 10:32:45 AM
 #22

And who would determine what to be bad news or good news, and how could we trust that person. What when this person sleeps. Is there going to be a dedicated team doing this? Or if it is crowdsourced, how do we only get trustworthy people into the system?
This is a community project, if it is good service or bad is up to people who are joining it. There are people with common goal. You have always trust someone at some point when joining anything. Even exchanges, who guarantee you that someone in charge of exchange won't steal your money there? Goxed people could talk about that I think, there is always some portion of trust. BTC report service is not some ultimate tool with guarantees you will be alerted always in time. This tool couldn't exist. It is up to you people, how good it will be. I have faith in Bitcoin community.
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March 16, 2014, 12:32:58 PM
 #23

By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade.  Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner.  I see no benefit in your system.

A tool that prevents you from panic selling would be more valuable.

 Grin very funny, I wish I had such a tool, once I was very stupid being in a hurry sold too much Cry

If you panic sell before most, wait a little bit, you can buy back and have more bitcoins.  Grin


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btcreport (OP)
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March 17, 2014, 08:49:52 AM
Last edit: March 17, 2014, 09:51:31 AM by btcreport
 #24

Hi, I listed some bounties for affiliate program here: https://bitcointalk.org/index.php?topic=516979.0
Check it out!
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March 17, 2014, 10:15:47 AM
 #25

What are some of the better apps out there?  Any recommendations?
I like "Bitcoin Checker" on Android as it is free and can check multiple exchanges, with multiple custom alerts for both lower and upper bounds.


I like eCoin on Android because it can check multiple altcoins, not only Bitcoin.

And I guess most of us do own Bitcoin as well as some altcoins.

But this app does not have custom alerts, and this may be a room for improvement.
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March 19, 2014, 04:35:21 PM
 #26

Right now it supports just text messages and you have to subscribe for at least a month. Would you appreciate an option for email reports as well? Lets say without need of subscription or with a small fee?

What about a tiny forum, where you can discuss the news being reported?
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