Future of money panel discussion: Virtual Currencies

[hazek]

Also just found the panel discussion with Charlie Shrem[BitInstant] and Jered Kenna[TradeHill]:

http://www.youtube.com/watch?v=poSouQFcb0Q

Virtual Currencies panel @Future of Money & Tech Conference w Jered Kenna, Bitcoin & Philip Rosedale, Coffee & Power & Charlie Shrem, Bitinstant.com & Rebecca Watson, RadiumOne with Eric Chan, Embee Mobile moderator. Video credit to Silvia Matheus

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[Yankee (BitInstant)]

This is GREAT!

[evoorhees]

That talk was roughly 50% about Bitcoin. THAT is how a virtual currency panel should be done!

[blablahblah]

The video didn't cover some of the more advanced features like escrow -- I only recently learnt about escrow myself. Is anyone providing such services with Bitcoin already? Basically I can envisage an on-line market along the lines of Gumtree or Ebay, except that buyers and sellers can negotiate special terms based on things like trust, rankings, and transaction size.

For example: sellers try to attract wary buyers by accepting a flexible X% payment in good faith, and X% in escrow, unlocked on delivery.

For expensive items, the market operator (or Bitcoin??) could provide a two-way escrow system, whereby both the buyer and seller set aside some funds, so that both sides are motivated to be honest. Imagine going on-line, paying a fully refundable deposit in Bitcoin on a piece of jewellery/car, meeting the seller in public, taking the item back with you, and then paying the remainder on-line!

[Yankee (BitInstant)]

The video didn't cover some of the more advanced features like escrow -- I only recently learnt about escrow myself. Is anyone providing such services with Bitcoin already? Basically I can envisage an on-line market along the lines of Gumtree or Ebay, except that buyers and sellers can negotiate special terms based on things like trust, rankings, and transaction size.

For example: sellers try to attract wary buyers by accepting a flexible X% payment in good faith, and X% in escrow, unlocked on delivery.

For expensive items, the market operator (or Bitcoin??) could provide a two-way escrow system, whereby both the buyer and seller set aside some funds, so that both sides are motivated to be honest. Imagine going on-line, paying a fully refundable deposit in Bitcoin on a piece of jewellery/car, meeting the seller in public, taking the item back with you, and then paying the remainder on-line!

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

[finway]

@Yankee (BitInstant)

Answer for your question:

QQ Coin (QCoin) is not tranferable,  you can't transfer QCoin from on account to another,
you can only buy it, use it to buy other virtual stuff,
I think that's the big difference between QCoin and FaceBookCredit.

[blablahblah]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

[davout]

Watchin'

[cbeast]

I was surprised I didn't hear the term roach motel mentioned.

[LightRider]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yes, where is the rest of it?

[Yankee (BitInstant)]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yeh, the whole panel was 1 hour, I think she ran out of tape

[cbeast]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yeh, the whole panel was 1 hour, I think she ran out of tape

tape?

How many Gbyte's of tape did she have? LOL

Digital tape is generaaly not measured by GB. If it was, I suspect the real estate would be TB because of the low compression.

[rjk]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yeh, the whole panel was 1 hour, I think she ran out of tape

tape?

How many Gbyte's of tape did she have? LOL

Digital tape is generaaly not measured by GB. If it was, I suspect the real estate would be TB because of the low compression.

That just made me laugh because my kids Flip SlideHD will record 2 hours of HD video on a single charge and hold 4 hours of video before downloading at 720p. How can you run out of tape?

You run out of tape when you are using actual tape, like this:
Not hard drives or memory cards.

[giszmo]

For example: sellers try to attract wary buyers by accepting a flexible X% payment in good faith, and X% in escrow, unlocked on delivery.

I can solve that equation: X=50
I just don't understand what's flexible about it

[blablahblah]

For example: sellers try to attract wary buyers by accepting a flexible X% payment in good faith, and X% in escrow, unlocked on delivery.

I can solve that equation: X=50
I just don't understand what's flexible about it

You find two sellers offering the same product for the same price, but one of them is willing to "undercut" the competition by accepting 40% up front, so you go with that one because as a buyer, you get more power. It was just a thought that I had. I'm curious to find out what would happen in a free market if someone out there provides a "collection" of different escrow options.

[Yankee (BitInstant)]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yeh, the whole panel was 1 hour, I think she ran out of tape

Alright leave me alone lol I use 'tape' for everything

[bc]

Did a post disappear from here? Was it too off-topic?

[Gavin Andresen]

Did a post disappear from here? Was it too off-topic?

Yes. And yes.

[Yankee (BitInstant)]

Did a post disappear from here? Was it too off-topic?

Yes. And yes.

+1

[Phinnaeus Gage]

Many Bitcoin Escrow companies exist, and I even talked about it at the end of the panel

That's cool. The video sounded a bit like it was cut off by some unknown amount before the end.

Yeh, the whole panel was 1 hour, I think she ran out of tape

It was my post quoting a ran-out-of-tape post and supplying an Fail image that was removed, bc. I opt to post an image opposed to expressing with words how I truly felt about why the second half was not recorded. This was an important event for Bitcoin, one that we have been waiting for to read, hear and, yes, hopefully watch about. Now, somebody explain to me in terms that I can understand how the FUCK did the entire talk not get recorded. Are we going to continue to make the same mistakes over and over again, thus looking like a bunch of amateurs?

That's why I opt to only post the image below, opposed to writing the above. Cause I was fuckin' pissed.



To be clear, I'm not pissed because my post was removed, because I truly understand that your reasoning for doing such was sound, Gavin (I assume).