Bitcoin Style Myfreecams

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  • mayabong
    Confirmed User
    • Jan 2010
    • 1952
    #1

    Bitcoin Style Myfreecams

    This is for the people who are into bitcoin, not for the haters.

    Anyways, the idea is pretty simple, make a webcam site like MyFreeCams but use bitcoins instead of tokens. Deposits can happen instantly and Models can withdraw instantly. You can take a cut of each transaction. No middle man involved.

    If you need funding to start it up, you can list your business on the GLBSE (Global Bitcoin Stock Exchange). You distribute shares and people buy them. You can then split your profits among your shareholders whenever you want with a click of a mouse. The GLBSE is very new and noone knows about it but I think it will be pretty big in the future. (if bitcoin keeps truckin anyways)

    I know for a fact that there are companies on the GLBSE that are just in the business of investing into other companies on the GLBSE. Most of the companies on there now are shady and the ideas don't really catch my attention.

    Here is the chart. http://charts.glbse.com/markets/
    All stocks are traded in bitcoins, so if a share is at .1 per share its about a dollar.

    I guess the only problem would be getting models interested in the idea. Of course it is a little niche now but it is dominated by males mostly and some of them have alot of bitcoins. (around 7 million of them out there.)

    Anyways, just an idea. I don't have the knowledge or the patience to follow through with something like this. If you decide to do something like this, throw me a few shares or something.
    Peace.
    Mike
    (waits for hateful replies)
    Bitcoin Gambling Sites
    Tags: None
    • TheSquealer
      Mayor of Thneedville
      • Oct 2004
      • 26172
      #2
      Why would it be hateful to say "if Mastercard represents 30% of transactions roughly... why they fuck is anyone going to try to target .0000000000001%"?

      You thinking someone is going to make a living off of 1:10,000,000,000 conversions?

      Just curious.
      .
      Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

      Rochard

        Comment

        • Brujah
          Beer Money Baron
          • Jan 2001
          • 22157
          #3
          I'm not a bitcoin fanboy but I like your thinking anyway! Don't ever let haters sway you.

            Comment

            • TheSquealer
              Mayor of Thneedville
              • Oct 2004
              • 26172
              #4
              You can't bill in a currency that is super rare to the point of being almost non-existent and convert traffic. That is already a non starter. Furthermore, rates are in flux and you can't pay models, webmasters, ads/adwords etc based on a currency of highly fluid value and that is constantly moving up and down against their own native currencies. Particularly when its moving up and down all day long or when someone gets hacked, it completely tanks and loses a huge % of its "value".

              Just because a guy dreams of flying to the next galaxy on his pony, doesn't mean he's a visionary.
              Last edited by TheSquealer; 08-23-2011, 05:17 PM.
              .
              Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

              Rochard

                Comment

                • NoWhErE
                  Too lazy to set a custom title
                  • Sep 2005
                  • 10583
                  #5
                  I'd like to see you try and pay models in bitcoins and not real money.
                  skype: lordofthecameltoe

                    Comment

                    • Serge Litehead
                      Confirmed User
                      • Dec 2002
                      • 5190
                      #6
                      Originally posted by TheSquealer
                      Why would it be hateful to say "if Mastercard represents 30% of transactions roughly... why they fuck is anyone going to try to target .0000000000001%"?

                      You thinking someone is going to make a living off of 1:10,000,000,000 conversions?

                      Just curious.
                      why not offer it as an alternative to your existing payment method even if its very small tiny niche alternative for instance? it doesn't require million dollar investment for integration either. with a service like bit-pay.com offers it's possible to convert 'instantly' to USD so you won't even have a need to explain to models what is bitcoin and why you want to pay them with it.

                        Comment

                        • mayabong
                          Confirmed User
                          • Jan 2010
                          • 1952
                          #7
                          Originally posted by TheSquealer
                          You can't bill in a currency that is super rare to the point of being almost non-existent and convert traffic. That is already a non started. Furthermore, rates are in flux and you can't pay models, webmasters, ads/adwords etc based on a currency of highly fluid value.

                          Just because a guy dreams of flying to the next galaxy on his pony, doesn't mean he's a visionary.
                          Not sure I follow your posts really, I don't think its a crazy dream, and I'm pretty sure someone will do something like this eventually. Its far less work to pay for something with bitcoins than with credit cards. Just copy and paste an address and your done.
                          Bitcoin Gambling Sites

                            Comment

                            • TheSquealer
                              Mayor of Thneedville
                              • Oct 2004
                              • 26172
                              #8
                              Originally posted by holograph
                              why not offer it as an alternative to your existing payment method even if its very small tiny niche alternative for instance? it doesn't require million dollar investment for integration either. with a service like bit-pay.com offers it's possible to convert 'instantly' to USD so you won't even have a need to explain to models what is bitcoin and why you want to pay them with it.
                              The only sensible way to do it would be to test it in this manner. Otherwise, its like saying "lets start a cam site that only offers Amex" or something only to find you can't convert traffic and have absolutely no idea what the size of the potential market is.

                              I would say based on experience that you can't pay webmasters, models etc in an unstable currency. If you've done business globally and had to deal with inflation and currency fluctuations between countries and currencies, you understand how quickly it can all turn upside down.
                              .
                              Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                              Rochard

                                Comment

                                • SZNY
                                  SZNY
                                  • May 2004
                                  • 2800
                                  #9
                                  So how you going to payout the models/studio/affiliates and payout the company expenses. Is there already some bank that accept bit coins?

                                  Sorry for there questions but my knowledge about bit coins is zero, read something about it (harvesting) but couldn't find anything about converting it into real bucks like transferring it to bank accounts.
                                  Telegram: sandroanthonio

                                    Comment

                                    • TheSquealer
                                      Mayor of Thneedville
                                      • Oct 2004
                                      • 26172
                                      #10
                                      Originally posted by mayabong
                                      Not sure I follow your posts really, I don't think its a crazy dream, and I'm pretty sure someone will do something like this eventually. Its far less work to pay for something with bitcoins than with credit cards. Just copy and paste an address and your done.
                                      It might be easy to ask people to pay with turtle shells. It might be convenient to pay in turtle shells (for everyone but the turtles). But if no one has turtle shells to pay with, its a moot point.

                                      If their value is all over the place and can drop to zero at any given second, its a moot point.

                                      You can't charge X.XX/min if you have no idea what the value of that is

                                      You can't ask models to work for 30% of some yet to be determined value

                                      You can't ask webmasters to send traffic to something thats not going to convert and when its clear you might easily not get paid should something go wrong with bitcoins

                                      If you can't pay webmasters in 2 weeks because you don't know how much your cash on hand will be worth, its a moot point.

                                      If you can't pay models in 2 weeks because you don't know either what the cash you have on hand is going to be worth or how its going to fluctuate against their currency, its a moot point.

                                      Currencies moving against each other can wipe out a substantial amount of value in minutes.

                                      You have to pay russians, czechs, columbians etc and bitcoins have to be stable against their currencies. Or you have to pay everyone in $ or Euro or some stable currency and deal with the continual problem of bitcoins rising/falling value against the dollar or Euro. They themselves aren't that stable right now.
                                      Last edited by TheSquealer; 08-23-2011, 05:33 PM.
                                      .
                                      Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                                      Rochard

                                        Comment

                                        • TheSquealer
                                          Mayor of Thneedville
                                          • Oct 2004
                                          • 26172
                                          #11
                                          and also, here's the thing about "haters". It should be a non issue for someone to point out problems, flaws obstacles etc. If it has to be dismissed as "hating" instead of addressed with a well thought out, well reasoned answer, then its either a bad idea or its an idea that needs better leadership.
                                          .
                                          Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                                          Rochard

                                            Comment

                                            • mayabong
                                              Confirmed User
                                              • Jan 2010
                                              • 1952
                                              #12
                                              Originally posted by SZNY
                                              So how you going to payout the models/studio/affiliates and payout the company expenses. Is there already some bank that accept bit coins?

                                              Sorry for there questions but my knowledge about bit coins is zero, read something about it (harvesting) but couldn't find anything about converting it into real bucks like transferring it to bank accounts.
                                              You would just sell them right on an exchange. If you're in the US, ExchangeBitcoins.com will ACH the funds right into your bank account (i hear the same day sometimes). I also think bit-pay.com might do the ACH thing as well. There are a growing number of webmasters and designers that will accept bitcoins as payment. As far as models they could cash them out themselves or you could use a service like bit-pay or something and mail them a check. There are tons of options to get your money out of bitcoins, more pop up each day.
                                              Bitcoin Gambling Sites

                                                Comment

                                                • Serge Litehead
                                                  Confirmed User
                                                  • Dec 2002
                                                  • 5190
                                                  #13
                                                  Originally posted by TheSquealer
                                                  The only sensible way to do it would be to test it in this manner. Otherwise, its like saying "lets start a cam site that only offers Amex" or something only to find you can't convert traffic and have absolutely no idea what the size of the potential market is.

                                                  I would say based on experience that you can't pay webmasters, models etc in an unstable currency. If you've done business globally and had to deal with inflation and currency fluctuations between countries and currencies, you understand how quickly it can all turn upside down.
                                                  You can minimize risk of volatility of Bitcoin with two key ingredients:

                                                  1. automatically adjust and offer customer Bitcoin price based on current exchange rates of your preferred currency

                                                  2. convert Bitcoin payments instantly into your currency of choice.

                                                  Both points can be solved with some programming and or implementing existing solutions.


                                                  Also worth noting: Bitcoin offers very cost-effective solution to transfer funds from point A to point B unlike existing methods which are much slower and more costly. It becomes even more apparent when dealing with bitcoins where you transact almost instantly and almost for free (I say almost free as it is not always the case) and then after I convert bitcoins to USD, funds movement slows down significantly while at each turn chunk gets bitten off by various fee percentages.

                                                    Comment

                                                    • moeloubani
                                                      Confirmed User
                                                      • Dec 2007
                                                      • 4235
                                                      #14
                                                      yeah its true that for bitcoins to pay you just have to enter and address and boom youre done, but with credit cards you just have to put in a number and name and then boom there it is

                                                      not much of a difference

                                                        Comment

                                                        • SZNY
                                                          SZNY
                                                          • May 2004
                                                          • 2800
                                                          #15
                                                          Originally posted by mayabong
                                                          You would just sell them right on an exchange. If you're in the US, ExchangeBitcoins.com will ACH the funds right into your bank account (i hear the same day sometimes). I also think bit-pay.com might do the ACH thing as well. There are a growing number of webmasters and designers that will accept bitcoins as payment. As far as models they could cash them out themselves or you could use a service like bit-pay or something and mail them a check. There are tons of options to get your money out of bitcoins, more pop up each day.
                                                          That makes is interesting, will do some investigation into this. If members can have a wallet and fill them with bit coins and there are ways to payout studios / performers and webmasters (in real cash) its definitely something worthwhile to investigate.

                                                          Are there already 18+ online companies using bit coins into their cashing/payout streams?
                                                          Telegram: sandroanthonio

                                                            Comment

                                                            • TheSquealer
                                                              Mayor of Thneedville
                                                              • Oct 2004
                                                              • 26172
                                                              #16
                                                              Originally posted by mayabong
                                                              You would just sell them right on an exchange. If you're in the US, ExchangeBitcoins.com will ACH the funds right into your bank account (i hear the same day sometimes). I also think bit-pay.com might do the ACH thing as well. There are a growing number of webmasters and designers that will accept bitcoins as payment. As far as models they could cash them out themselves or you could use a service like bit-pay or something and mail them a check. There are tons of options to get your money out of bitcoins, more pop up each day.
                                                              Here is what you don't seem to get:



                                                              You can't run a business based on that.

                                                              .
                                                              Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                                                              Rochard

                                                                Comment

                                                                • mayabong
                                                                  Confirmed User
                                                                  • Jan 2010
                                                                  • 1952
                                                                  #17
                                                                  Originally posted by TheSquealer
                                                                  and also, here's the thing about "haters". It should be a non issue for someone to point out problems, flaws obstacles etc. If it has to be dismissed as "hating" instead of addressed with a well thought out, well reasoned answer, then its either a bad idea or its an idea that needs better leadership.
                                                                  I agree with alot of what you are saying, and the only thing that will make bitcoins stable is having more businesses using them. It will become more stable in time. Its important that the people involved have a basic understanding about how bitcoins work of course.

                                                                  I'm not trying to be a leader, just throwing out ideas. My idea is MyFreeCams but with bitcoins. It will happen sooner or later you watch. Will it last who knows.
                                                                  Bitcoin Gambling Sites

                                                                    Comment

                                                                    • mayabong
                                                                      Confirmed User
                                                                      • Jan 2010
                                                                      • 1952
                                                                      #18
                                                                      Originally posted by SZNY
                                                                      That makes is interesting, will do some investigation into this. If members can have a wallet and fill them with bit coins and there are ways to payout studios / performers and webmasters (in real cash) its definitely something worthwhile to investigate.

                                                                      Are there already 18+ online companies using bit coins into their cashing/payout streams?
                                                                      No I'd say the Adult industry is untapped when it comes to bitcoins. The gambling industry on the other hand is catching on fast.
                                                                      Bitcoin Gambling Sites

                                                                        Comment

                                                                        • mayabong
                                                                          Confirmed User
                                                                          • Jan 2010
                                                                          • 1952
                                                                          #19
                                                                          Originally posted by TheSquealer
                                                                          Here is what you don't seem to get:



                                                                          You can't run a business based on that.

                                                                          No doubt that bitcoin had a bubble, but that was because of the huge media blitz that brought it into the mainstream. Its followed that chart almost exactly. As posted before though, with services like bit-pay where you can get into cash quickly, you are not subject to crazy market fluctuations.
                                                                          Bitcoin Gambling Sites

                                                                            Comment

                                                                            • SZNY
                                                                              SZNY
                                                                              • May 2004
                                                                              • 2800
                                                                              #20
                                                                              Originally posted by mayabong
                                                                              No I'd say the Adult industry is untapped when it comes to bitcoins. The gambling industry on the other hand is catching on fast.
                                                                              Your ideas are good, it only requires some investigations and of course implementation.

                                                                              Most studios and especially webcam models have no clue what a bitcoin is, they just wanna see money on the bank, but if it drives them more biz they will definitely go for it
                                                                              Telegram: sandroanthonio

                                                                                Comment

                                                                                • Serge Litehead
                                                                                  Confirmed User
                                                                                  • Dec 2002
                                                                                  • 5190
                                                                                  #21
                                                                                  Originally posted by SZNY
                                                                                  That makes is interesting, will do some investigation into this. If members can have a wallet and fill them with bit coins and there are ways to payout studios / performers and webmasters (in real cash) its definitely something worthwhile to investigate.

                                                                                  Are there already 18+ online companies using bit coins into their cashing/payout streams?
                                                                                  the guy who invested in bit-pay.com and now one of running partners in that venture
                                                                                  also runs Stare magazine
                                                                                  http://gfy.com/showthread.php?t=1031318
                                                                                  http://www.staremagazine.com/
                                                                                  He got involved with bit-pay.com after getting bitcoin payment solution done on his site by them

                                                                                    Comment

                                                                                    • Serge Litehead
                                                                                      Confirmed User
                                                                                      • Dec 2002
                                                                                      • 5190
                                                                                      #22
                                                                                      also worth mentioning that there are many ways converting bitcoins to USD and other currencies. Existing large bitcoin exchanges utilize online wallet solutions such as Dwolla, Paxum, Liberty Reserve and some others that I don't remember atm.

                                                                                      Methods of acquiring bitcoin become easier, for instance one US based bitcoin exchange allow anyone to deposit cash through Chase and Wells Fargo branches anywhere in the US. - I'm a bit skeptical how long it can go on, but could also not find any reason how it could be shutdown easily. There are also Bitcoin ATMs being developed and smartphone solutions for people to be able to pay with bitcoins. All these news indicate that using bitcoins for average folk will become very easy with time.

                                                                                        Comment

                                                                                        • uno
                                                                                          RIP Dodger. BEST.CAT.EVER
                                                                                          • Dec 2002
                                                                                          • 18450
                                                                                          #23
                                                                                          hahhhahahahaha,
                                                                                          -uno
                                                                                          icq: 111-914
                                                                                          CrazyBabe.com - porn art
                                                                                          MojoHost - For all your hosting needs, present and future. Tell them I sent ya!

                                                                                            Comment

                                                                                            • Internet Guy
                                                                                              Confirmed User
                                                                                              • May 2006
                                                                                              • 402
                                                                                              #24
                                                                                              >>My idea is MyFreeCams but with bitcoins.

                                                                                              This is a natural match for many reasons.

                                                                                              What we ultimately need first however, as others have mentioned, is relative stability in the Bitcoin/USD exchange rate.

                                                                                              Only time will tell, but my thoughts are that Bitcoin will ultimately succeed in some form or another. Rather than seeing a brand new Cam site based on Bitcoin payment method take the field, I think we'll see one of the exiting Cam operations step up and begin offering Bitcoin as an option for Models/Affiliates/Studios.

                                                                                              Again, before this happens we must see the Bitcoin/USD exchange rate become relatively stable. We are getting there, slowly but surely.

                                                                                                Comment

                                                                                                • L-Pink
                                                                                                  working on my tan
                                                                                                  • Mar 2005
                                                                                                  • 39151
                                                                                                  #25
                                                                                                  I just don't see it, sorry.

                                                                                                  .

                                                                                                    Comment

                                                                                                    • porno jew
                                                                                                      Too lazy to set a custom title
                                                                                                      • Nov 2006
                                                                                                      • 10166
                                                                                                      #26
                                                                                                      fluctuations too unstable to base any real business around.

                                                                                                        Comment

                                                                                                        • Harmon
                                                                                                          ( ͡ʘ╭͜ʖ╮͡ʘ)
                                                                                                          • Mar 2004
                                                                                                          • 20012
                                                                                                          #27
                                                                                                          Dumb fucking post
                                                                                                          [email protected]

                                                                                                            Comment

                                                                                                            • Coup
                                                                                                              🚨 PBBC International 🚨
                                                                                                              • Apr 2010
                                                                                                              • 9931
                                                                                                              #28
                                                                                                              Bitcoin is a failure.

                                                                                                                Comment

                                                                                                                • BlackCrayon
                                                                                                                  Too lazy to set a custom title
                                                                                                                  • Jun 2003
                                                                                                                  • 19634
                                                                                                                  #29
                                                                                                                  how many people even know about bitcoin, let alone use it? 1% maybe 2-3% tops? why would you limit your market to such a degree?
                                                                                                                  you don't know you're wearing a leash if you sit by the peg all day..

                                                                                                                    Comment

                                                                                                                    • Harmon
                                                                                                                      ( ͡ʘ╭͜ʖ╮͡ʘ)
                                                                                                                      • Mar 2004
                                                                                                                      • 20012
                                                                                                                      #30
                                                                                                                      Originally posted by BlackCrayon
                                                                                                                      how many people even know about bitcoin, let alone use it? 1% maybe 2-3% tops? why would you limit your market to such a degree?
                                                                                                                      People on GFY know about it them... as an annoyance. Virtual currency that doesn't exist. The only douche cunt making money off of these, and I mean real money is the guy that invented something from nothing. The rest of the people investing and mining them? Worker bee idiots.
                                                                                                                      [email protected]

                                                                                                                        Comment

                                                                                                                        • mayabong
                                                                                                                          Confirmed User
                                                                                                                          • Jan 2010
                                                                                                                          • 1952
                                                                                                                          #31
                                                                                                                          Originally posted by Harmon
                                                                                                                          People on GFY know about it them... as an annoyance. Virtual currency that doesn't exist. The only douche cunt making money off of these, and I mean real money is the guy that invented something from nothing. The rest of the people investing and mining them? Worker bee idiots.
                                                                                                                          Are you talking about the federal reserve?
                                                                                                                          Bitcoin Gambling Sites

                                                                                                                            Comment

                                                                                                                            • mayabong
                                                                                                                              Confirmed User
                                                                                                                              • Jan 2010
                                                                                                                              • 1952
                                                                                                                              #32
                                                                                                                              Originally posted by Coup
                                                                                                                              Bitcoin is a failure.

                                                                                                                              "Herr Herr bitcoin is a failure!!!"

                                                                                                                              (goes back to epassporte thread)

                                                                                                                              "Where's my money!!"
                                                                                                                              Bitcoin Gambling Sites

                                                                                                                                Comment

                                                                                                                                • Harmon
                                                                                                                                  ( ͡ʘ╭͜ʖ╮͡ʘ)
                                                                                                                                  • Mar 2004
                                                                                                                                  • 20012
                                                                                                                                  #33
                                                                                                                                  Originally posted by mayabong
                                                                                                                                  Are you talking about the federal reserve?
                                                                                                                                  [email protected]

                                                                                                                                    Comment

                                                                                                                                    • mayabong
                                                                                                                                      Confirmed User
                                                                                                                                      • Jan 2010
                                                                                                                                      • 1952
                                                                                                                                      #34
                                                                                                                                      Originally posted by Harmon
                                                                                                                                      Dumb fucking post
                                                                                                                                      Thats ok, you're just the type to jump on when its safe. The world needs Beta males too.
                                                                                                                                      Last edited by mayabong; 08-24-2011, 08:55 AM.
                                                                                                                                      Bitcoin Gambling Sites

                                                                                                                                        Comment

                                                                                                                                        • porno jew
                                                                                                                                          Too lazy to set a custom title
                                                                                                                                          • Nov 2006
                                                                                                                                          • 10166
                                                                                                                                          #35
                                                                                                                                          i would rather put my trust in gold and silver than these virtual currencies backed by nothing ... which oddly enough is just like fiat currencies.

                                                                                                                                            Comment

                                                                                                                                            • JamesGw
                                                                                                                                              Confirmed User
                                                                                                                                              • Apr 2011
                                                                                                                                              • 1237
                                                                                                                                              #36
                                                                                                                                              There's actually someone with a bitcoin sex toy site that I found the other idea. I don't think this is a bad idea tbh. Just don't expect it to ever get huge. You could make nice money on it, though.
                                                                                                                                              Giggles.com has a huge selection of sex toys. Need backlinks? Ask to guest post on our adult blog.

                                                                                                                                                Comment

                                                                                                                                                • mayabong
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Jan 2010
                                                                                                                                                  • 1952
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by porno jew
                                                                                                                                                  i would rather put my trust in gold and silver than these virtual currencies backed by nothing ... which oddly enough is just like fiat currencies.
                                                                                                                                                  Well I guess the only thing backing it is pure math thats in the code.

                                                                                                                                                  I have gold and silver too, but its pretty useless when it comes to being a currency. It just sits in my dam cabinet and if I want to sell it its kind of a hassle.
                                                                                                                                                  Bitcoin Gambling Sites

                                                                                                                                                    Comment

                                                                                                                                                    • fris
                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                      • Aug 2002
                                                                                                                                                      • 55679
                                                                                                                                                      #38
                                                                                                                                                      bitcoins will never be an accepted form of currency
                                                                                                                                                      Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence.

                                                                                                                                                        Comment

                                                                                                                                                        • seeandsee
                                                                                                                                                          Check SIG!
                                                                                                                                                          • Mar 2006
                                                                                                                                                          • 50945
                                                                                                                                                          #39
                                                                                                                                                          bitcoins dont have future
                                                                                                                                                          BUY MY SIG - 50$/Year

                                                                                                                                                          Contact here

                                                                                                                                                            Comment

                                                                                                                                                            • porno jew
                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                              • Nov 2006
                                                                                                                                                              • 10166
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by mayabong
                                                                                                                                                              Well I guess the only thing backing it is pure math thats in the code.
                                                                                                                                                              currencies should be backed up by something more solid than "code."

                                                                                                                                                              then you might as well use fiat currencies. backed up by the same "nothing"

                                                                                                                                                                Comment

                                                                                                                                                                • CaptainHowdy
                                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                                  • Dec 2004
                                                                                                                                                                  • 94727
                                                                                                                                                                  #41

                                                                                                                                                                    Comment

                                                                                                                                                                    • mayabong
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Jan 2010
                                                                                                                                                                      • 1952
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by fris
                                                                                                                                                                      bitcoins will never be an accepted form of currency
                                                                                                                                                                      23,061 bitcoins have been transacted in the last hour or about $253,000 worth. http://bitcoinwatch.com/

                                                                                                                                                                      Not bad for something that was virtually unknown a few months ago.
                                                                                                                                                                      Bitcoin Gambling Sites

                                                                                                                                                                        Comment

                                                                                                                                                                        • mayabong
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Jan 2010
                                                                                                                                                                          • 1952
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by porno jew
                                                                                                                                                                          currencies should be backed up by something more solid than "code."

                                                                                                                                                                          then you might as well use fiat currencies. backed up by the same "nothing"
                                                                                                                                                                          No the code makes it so that there is a limited amount and cannot be manipulated. Even gold and silver can be manipulated. Fiat money isn't bad, its the people in charge of the supply of it that are bad.
                                                                                                                                                                          Bitcoin Gambling Sites

                                                                                                                                                                            Comment

                                                                                                                                                                            • mafia_man
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Jul 2005
                                                                                                                                                                              • 1965
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by NoWhErE
                                                                                                                                                                              I'd like to see you try and pay models in bitcoins and not real money.
                                                                                                                                                                              "You see Bitcoins work by using a distributed network of nodes and complex hashing algorithms."

                                                                                                                                                                              "Where's money? I show pussy all day. Where's money?"

                                                                                                                                                                              I'm out.

                                                                                                                                                                                Comment

                                                                                                                                                                                • Serge Litehead
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Dec 2002
                                                                                                                                                                                  • 5190
                                                                                                                                                                                  #45
                                                                                                                                                                                  i guess we will have to agree to disagree with naysayers . you laugh at bitcoins being dumbest idea, i laugh at you for being so closed-minded .

                                                                                                                                                                                  you say currency should be backed by something. what are current fait currencies are backed by? - say tomorrow hits inflation or super inflation where $10,000 for instance will be the cost of loaf of bread, will the govemrent inflate our savings accounts too since you believe they are backing their own currency? - i highly doubt they will back us and our savings. you and everyone else will be fucked for fuckups and greed of those who are in power and control. and you keep laughing at something new that offers semi-transparency and accountability. bitcoin production supply is predicable, governed by strong math principles, you simply can't inject more of them at will. you can't double spend them also - and you see no benefit of it? LOL

                                                                                                                                                                                  it's pointless to even argue with yous. if you have no interest in the subject or don't believe it has potential, simply stay out of these threads, save your time and energy to make more wealth for those who are in power in control of your lifes.
                                                                                                                                                                                  Last edited by Serge Litehead; 08-24-2011, 02:07 PM.

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                                                                                                                                                                                    • Brujah
                                                                                                                                                                                      Beer Money Baron
                                                                                                                                                                                      • Jan 2001
                                                                                                                                                                                      • 22157
                                                                                                                                                                                      #46
                                                                                                                                                                                      I can't really laugh too hard at somewhere around $100,000,000 (million) USD worth of bitcoins in circulation, so there's definitely something to it.

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                                                                                                                                                                                        • Serge Litehead
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • Dec 2002
                                                                                                                                                                                          • 5190
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Brujah
                                                                                                                                                                                          I can't really laugh too hard at somewhere around $100,000,000 (million) USD worth of bitcoins in circulation, so there's definitely something to it.
                                                                                                                                                                                          having trillions of debt is much more credible

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                                                                                                                                                                                            • Dead
                                                                                                                                                                                              They left the door open
                                                                                                                                                                                              • Apr 2003
                                                                                                                                                                                              • 4755
                                                                                                                                                                                              #48
                                                                                                                                                                                              Its all a scam, stay far away from this. There is no money in Bitcoin....

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                                                                                                                                                                                                • maxjohan
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • Dec 2002
                                                                                                                                                                                                  • 7219
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by TheSquealer
                                                                                                                                                                                                  You can't bill in a currency that is super rare to the point of being almost non-existent and convert traffic. That is already a non starter. Furthermore, rates are in flux and you can't pay models, webmasters, ads/adwords etc based on a currency of highly fluid value and that is constantly moving up and down against their own native currencies. Particularly when its moving up and down all day long or when someone gets hacked, it completely tanks and loses a huge % of its "value".

                                                                                                                                                                                                  Just because a guy dreams of flying to the next galaxy on his pony, doesn't mean he's a visionary.
                                                                                                                                                                                                  I don't even have a smart phone. Bitcoins will be a market for the nerds and early adopters.
                                                                                                                                                                                                  I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

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                                                                                                                                                                                                    • Serge Litehead
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Dec 2002
                                                                                                                                                                                                      • 5190
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      Originally posted by Dead
                                                                                                                                                                                                      Its all a scam, stay far away from this. There is no money in Bitcoin....
                                                                                                                                                                                                      please explain how exactly this 'scam' is operated and works.

                                                                                                                                                                                                      I was able to trade dollars for bitcoins and back, and i was able to use some service paid for by bitcoins. every transaction went as expected. is there something we should be aware of and cautious about - let us know, much appreciated!

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