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Author Topic: NEEDED URGENTLY: Professional Bitcoin Exchange and More Serious Project Work  (Read 7684 times)
spenvo
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April 05, 2011, 02:28:48 PM
 #21

It's true that the success of Bitcoin is contingent on many things: some of these things, like an economy, are slower to develop than others, like interest in mining.

But BTC is not about to swing into full-on crisis mode.  Nobody should be surprised that a large trade weakened the value of BTC--it's common knowledge that bitcoin is extremely volatile.

I feel that "NEEDED URGENTLY" is a bit overblown.  Undecided

Furthermore, don't underestimate the rate at which organic growth is occurring.  The very nature of the first-adopter crowd (think hacker news) that's been flocking to the hype is the exact kind of individual that will build solid e-commerce services.

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April 05, 2011, 02:42:30 PM
 #22

Bitcoin is a sound concept. I wouldn't worry too much. It may reach rock bottom but it can easily gain momentum again. People will pick it up like crazy at less than 50 cents a pop. Personally, I'm ecstatic. This is a great time to buy.

Agreed.  Also a huge number of coins were moved at the low price, and the huge block for sale is at a higher price then it was before.  The price will rebound.

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April 05, 2011, 04:37:23 PM
 #23

Maybe we can convince the people behind Minecraft that there would be some synergy if they accepted this new digital "mining" based currency.
Minecraft would be a great get. The current problem with bitcoin is 1. theres no merchants because its hard to integrate accepting bitcoins into ones website. I want to start a branch of my company that accepts bitcoins for my freshwater pearl jewelry but i cant think of a way to do it since mybitcoin.com doesnt take shipping info like paypal does. As soon as someone makes a bitcoin version of paypal that will change. and 2. bitcoin wallets aren't mobile enough. You can only spend bitcoins while sitting at your computer, not at the cash register at your local starbucks. a bitcoin mobile app for iphone and android could help that.
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April 05, 2011, 04:42:23 PM
 #24

a bitcoin mobile app for iphone and android could help that.

We have a bounty for that. Bitcoin entrepreneurs are slow to act or that nobody is volunteering to do it. It takes us a long time for a bitcoin animation video to appears.

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April 05, 2011, 06:01:24 PM
 #25

The source code to Bitcoin Central exchange is also open:

     https://github.com/davout/bitcoin-central


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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Jim Hyslop
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April 05, 2011, 11:18:34 PM
 #26

By the way, what's wrong with MtGox?
I haven't looked at them extensively, but from what I understand reading the threads in this forum they only deal in USD and EUR. Doesn't do you much good if you don't live in Europe or the U.S.

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April 06, 2011, 12:01:42 AM
 #27

Well, the answer to that is very plain: very few people outside those jurisdictions want Bitcoin.
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April 06, 2011, 12:59:07 AM
 #28

Well, the answer to that is very plain: very few people outside those jurisdictions want Bitcoin.
You know, there is a whole world that exists outside the United States. You might want to have a look some time.

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April 06, 2011, 01:12:31 AM
 #29

Well, the answer to that is very plain: very few people outside those jurisdictions want Bitcoin.
You know, there is a whole world that exists outside the United States. You might want to have a look some time.

Dude...you guys are agreeing with each other.

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April 06, 2011, 01:29:15 AM
 #30

Well, the answer to that is very plain: very few people outside those jurisdictions want Bitcoin.
You know, there is a whole world that exists outside the United States. You might want to have a look some time.

Dude...you guys are agreeing with each other.
Your definition of "agreeing" must be significantly different from mine. :-)

Atlas, if you were joking, you should've included a smiley.

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April 06, 2011, 02:36:22 AM
 #31

I want to start a branch of my company that accepts bitcoins for my freshwater pearl jewelry but i cant think of a way to do it since mybitcoin.com doesnt take shipping info like paypal does.

That's a non-issue.

I've been helping a client of mine integrate mybitcoin's SCI for the sale of tangible goods. Your site just has to collect the shipping details before you send the customer to the payment page. You can do all of your fancy shipping calculation stuff, and give the customer a firm price before they proceed.

I'm working with yet another client to allow for the payment of 1-month (and trial) website memberships too. His site just asks the user to choose a user/pass before we send the customer to the SCI. He is able to check if the username has been taken already / force the user to select a strong password. It works like a champ.

I've actually had a lot of people pay me in BTC lately for mybitcoin integrations. I have the permission from some of my clients to release some of these shopping cart plugins into the public domain. Once they are finished they will appear on bitcoinsoftware.com. Smiley
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April 06, 2011, 02:46:34 AM
 #32

For instance, a professional operated and marketed exchange is one element that is desperately needed. An exchange that can handle big volumes and can be trusted by investors.

Not only that, but we also need more forex (mtgox/bcm) markets that are outside of the USA's jurisdiction.

The recent Liberty Dollar court ruling should make anyone in the USA, who is participating in a Bitcoin exchange service, very nervous.

Also, any large exchanger will draw the attention of local law enforcement eventually. I can think of many conditions that would lead an investigator right to the doorstep of a large and successful Bitcoin market.

What we need are thousands of little participating exchangers all over the world. It doesn't make sense to have a P2P currency with a few large centralized markets.
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April 06, 2011, 05:34:59 AM
 #33

For instance, a professional operated and marketed exchange is one element that is desperately needed. An exchange that can handle big volumes and can be trusted by investors.

Not only that, but we also need more forex (mtgox/bcm) markets that are outside of the USA's jurisdiction.

The recent Liberty Dollar court ruling should make anyone in the USA, who is participating in a Bitcoin exchange service, very nervous.

Also, any large exchanger will draw the attention of local law enforcement eventually. I can think of many conditions that would lead an investigator right to the doorstep of a large and successful Bitcoin market.

What we need are thousands of little participating exchangers all over the world. It doesn't make sense to have a P2P currency with a few large centralized markets.


Hawala

http://en.wikipedia.org/wiki/Hawala


Nefario
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April 06, 2011, 05:39:49 AM
 #34

For instance, a professional operated and marketed exchange is one element that is desperately needed. An exchange that can handle big volumes and can be trusted by investors.

Not only that, but we also need more forex (mtgox/bcm) markets that are outside of the USA's jurisdiction.

The recent Liberty Dollar court ruling should make anyone in the USA, who is participating in a Bitcoin exchange service, very nervous.

Also, any large exchanger will draw the attention of local law enforcement eventually. I can think of many conditions that would lead an investigator right to the doorstep of a large and successful Bitcoin market.

What we need are thousands of little participating exchangers all over the world. It doesn't make sense to have a P2P currency with a few large centralized markets.


So would that mean sites like mtgox allowing instant transfer to sites such as btcex and vice versa?

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The Madhatter
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April 06, 2011, 06:50:15 AM
 #35

Hawala

Yes, yes.. I know what Hawala is. Smiley
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April 06, 2011, 06:51:53 AM
 #36

So would that mean sites like mtgox allowing instant transfer to sites such as btcex and vice versa?

Sure.

Also, the forex markets/exchange providers should be careful not to reveal their identity to each other.
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April 06, 2011, 07:59:19 AM
 #37

So would that mean sites like mtgox allowing instant transfer to sites such as btcex and vice versa?

Sure.

Also, the forex markets/exchange providers should be careful not to reveal their identity to each other.


Could you go into more detail as to how this would work? I also know what hawala is.

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April 06, 2011, 08:07:27 AM
 #38

Could you go into more detail as to how this would work? I also know what hawala is.

Well, both sites are already connected to the Bitcoin network. It's just a matter of moving the BTC and crediting an account on the other site. It's not really that complicated.
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April 06, 2011, 09:01:25 AM
 #39

Could you go into more detail as to how this would work? I also know what hawala is.

Well, both sites are already connected to the Bitcoin network. It's just a matter of moving the BTC and crediting an account on the other site. It's not really that complicated.


But what about non-bitcoin cash?

Is this the sort of thing ripple was designed for?

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April 06, 2011, 07:27:36 PM
 #40

http://bitcointalk.org/index.php?topic=5501.msg80589#msg80589

We see some great progress when looking at the above post. This could be big for bitcoins.

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