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MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: WhiteyAGM on January 10, 2014, 04:46:49 AM

I've been quite fortunate enough to hold onto a lot of bitcoin since the early days and have since seen my fortunes rise to levels I had never even dreamed I would get near. As my way of putting something back in I've been looking for services and technologies to invest in which could improve the uptake and use of bitcoin but of course still be a business.

Does anyone have any real views (ie, not theoretical ideas where we don't even yet know how to approach them) on services which a bitcoin business could offer with some investment? If it is of any help I am UK based too.

Well are you looking to invest or to donate?

If it's the former, you might consider a seat on MPEx. S.NSA for instance is currently working on a usb stick-style device to allow GPG signing and decrypting with actually complete security.

If you were leaning towards donation, there's the Bitcoin 100, or Phinn's feed the homeless thingie.

I'm not aware of anything worthwhile that develops bitcoin tech on a pure donation basis, it's pretty much one or the other.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Not sure what the investment structure is but http://www.friendswithcoins.com needs to go mainstream.

A sort of localbitcoins trading online with your Facebook friends.

coinrevo

member

Activity: 70

Merit: 10

Strangely enough there are not that many interesting applications at the moment, so I very much agree that it is not really known what these can be. I believe all of the current proposals are not going to work, because of a fundamental misunderstanding about economics. All other suggestions are usually pretty boring (yet another XYZ).

Some applications that would move things forward IMO:

* make Namecoin work, but there is a lot of things that one needs to get right. There might be some intermediary steps one can make. Its not necessarily a business per se.

* message boards/social networks reimagined with bitcoin at the core. make sensible policies. better crowdfunding (for example measuring success of a project and release BTC via escrow). like the share concept, but not in the hand of a corporation.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote

Buying and selling BTC for local currency. It's absurdly difficult when you think about it.

+1000

That's why i can't find others peoples that it can use bitcoin has a simple alternative for credit card.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: freedomno1 on January 10, 2014, 06:01:10 AM

I would say help expand the UK market by putting up some ATM machines
Otherwise go buy some shares in a company on havelock
https://www.havelockinvestments.com/

I like the idea of ATMs (London is getting one early this year) and I'm wondering what difference the ZipZap announcement will make in the UK, but they are no substitute for simple GBP to BTC exchanges.

I'd keep an eye on Havelock but there's not much on there at the moment (i.e. most companies are established and aren't asking for money and the ones that are new/releasing shares aren't necessarily compelling ideas/offerings).

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

I would say help expand the UK market by putting up some ATM machines
Otherwise go buy some shares in a company on havelock
https://www.havelockinvestments.com/

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

One of the main problems right now, in my mind, is liquidity. Buying and selling BTC for local currency. It's absurdly difficult when you think about it. It's the biggest barrier to entry for most and it means increased volitility.

We need a proper UK exchange, which means working with regulators. The first to market will do very well indeed.

What happened to coinfloor.co.uk? Maybe you could contact them. I suspect their lawyers advised them to hold off for whatever reason. Which tells me they need better lawyers and a closer relationship with regulators, HMRC, etc.

samtheman

newbie

Activity: 16

Merit: 0

I wanted to know of any BTC companies you can buy shares in too but couldnt find any...

WhiteyAGM

donator

Activity: 22

Merit: 0

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