131–140 of 150 posts
BitPay sponsored angel-hack Seattle that I participated in this summer. Their developer api was horrible and poorly documented wasting everyone time. I was in one of the few groups that got it to work. When asking when we would find out who won the 5 bitcoin prize for best use of it we were told to contact bitpay. I contacted them multiple times and support told me to to contact their CEO who ended up not responding…
BitPay sponsored angel-hack Seattle that I participated in this summer. Their developer api was horrible and poorly documented wasting everyone time. I was in one of the few groups that got it to work. When asking when we would find out who won the 5 bitcoin prize for best use of it we were told to contact bitpay. I contacted them multiple times and support told me to to contact their CEO who ended up not responding…
Hey, Eric with BitPay here. If you're still waiting on information about AngelHack, email me: eric@bitpay.com We just this past week launched our new REST API, which should be significantly better than our old API: http://blog.bitpay.com/2014/09/18/announcing-the-new-bitpay-... – we spent a long time thinking very carefully about making the developer experience as smooth as possible, but I'm sure there are things we…
BitPay sponsored angel-hack Seattle that I participated in this summer. Their developer api was horrible and poorly documented wasting everyone time. I was in one of the few groups that got it to work. When asking when we would find out who won the 5 bitcoin prize for best use of it we were told to contact bitpay. I contacted them multiple times and support told me to to contact their CEO who ended up not responding…
Yeah, prize disbursements were handled terribly. My team won BitPay's prize at AngelHack SF, contacted them repeatedly, and were told to wait until all AngelHacks were over before anything would be done. Months and months later it arrived this week. We actually avoided BitPay intentionally at a couple hackathons after since no one was sure if they were just scammers or not. That said, I had no problem with their API.…
BitCoin is rocketing on this news it seems: * https://btc-e.com/ * https://www.cryptsy.com/markets/view/2 * https://www.bitstamp.net/
Correction: Bitcoin traders were looking for an excuse to buy a lot of Bitcoin. Your eyes are deceiving you. The way it works is, they buy in order to jump the price. Then other people buy and continue the momentum upwards. Then, in a few days, they sell, and thus capitalize on everyone else's belief. This is how it's been for almost a year now. Ask yourself: Why use Bitcoin? What is the value proposition for consume…
Buying steroids, drugs, porn, donating to Wikileaks -- anonymously / bypassing any Visa/Mastercard "embargoes". Fiat makes this quite difficult, Bitcoin solves this problem. Have you ever done an international wire transfer? It can take days. When I pay people with Bitcoin it takes at most minutes. If you actually start using it you'll probably stop asking this question. It is extremely useful at this point in time to many people.
> The way it works is, they buy in order to jump the price. Then other people buy and continue the momentum upwards. Then, in a few days, they sell, and thus capitalize on everyone else's belief.
Funny I also trade equities and what you're describing perfectly fits what happens there.
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Most people don't yet understand how infungible the USD is becoming. Argentenians and Venezuelans understand the infungibility of their national currencies much better than Americans do theirs. Wealthy Americans and the wealthy of other nationalities who travel understand it better than those with little savings who are largely bound to their own states. Only big players and those on the fringes of society notice the…
Isn't a currency fungible by definition - a dollar is a dollar is a dollar? And we are getting away from the question I asked - what are the advantages of using Bitcoins, advantages that average people actually care about today and that are not offset by disadvantages of using Bitcoins.
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> No - but as a price-sensitive customer I would buy a couple-months-old, gently-used Macbook and save $200 or more. As a price-sensitive business I would buy a Dell. Given the number of successful 1-2% cash-back credit cards, it would seem that even regular consumers care about saving tiny fractions on their spending.
Yes but putting $1000+ on a 1% cashback card every month adds up a lot faster than 5% on a once-every-two-years $2000 purchase.
It requires a lot more commitment to decide if the transaction is big enough to warrant a no-chargeback discount and if you trust the retailer. Some people would definitely do it if given the chance but it in no way compares to using a cashback Mastercard to buy your lunch.
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Correction: Bitcoin traders were looking for an excuse to buy a lot of Bitcoin. Your eyes are deceiving you. The way it works is, they buy in order to jump the price. Then other people buy and continue the momentum upwards. Then, in a few days, they sell, and thus capitalize on everyone else's belief. This is how it's been for almost a year now. Ask yourself: Why use Bitcoin? What is the value proposition for consume…
The value proposition is not for consumers. The value proposition is for the wealthy. Bitcoin grants allodial title to wealth. Nothing else does.
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There are numerous examples in history (and today!) of governments wiping out their citizens' savings through hyperinflation, restricting their access to foreign currencies, etc. This is not just an ideological libertarian conspiracy theory. It is a virtue of Bitcoin that it helps subvert the power of those corrupt governments over the economy in much the same way TOR and proxies help to subvert their power over free…
What is Bitcoin but a collectivist agreement that something has value? Those bits aren't reimbursable. You can't get that electricity back for them once it's spent - unlike gold, which holds some real world value by virtue of being the element it is. Bitcoin advocates rage about fiat, while trading the ultimate fiat currency since it doesn't take too many people deciding they don't want Bitcoin (say: landlords, farme…
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The point of bitcoin is that you don't need FDIC protection. You need FDIC protection with a bank because the bank isn't required to hold enough reserve to cover its deposits. If there's a run on the bank, and everyone wants to pull their deposits out, and the bank is insolvent, then the government guarantees to protect consumers by printing more money (inflation) to fulfill the bank's reserve requirements. With bitc…
Sooo when Mt. Gox became insolvent the bitcoin holders there didn't need insurance?
Two of these already exist: BitGo[0] and GreenAddress[1]. Try doing that with physical money, and you understand why we have banks. With Bitcoin, you can have any level of security you like, and somebody only has to implement it once.
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Isn't a currency fungible by definition - a dollar is a dollar is a dollar? And we are getting away from the question I asked - what are the advantages of using Bitcoins, advantages that average people actually care about today and that are not offset by disadvantages of using Bitcoins.
Again, why the focus on the average person? Does the average person actively, directly participate in space industry? No. Has the average person been profoundly affected by the technologies developed by space programs? Undeniably.