Kim Dotcom looking for suggestions on payments - page 5.

DeathAndTaxes

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Gerald Davis

Quote from: Tuxavant on July 11, 2012, 09:20:40 AM

With popularity among consumers, comes interest from new developers, perhaps even with a fresh pair of eyes, to help build our infrastructure and take their own piece of the Bitcoin pie.

This.

Also those worried about Bitcoin growing too fast ... don't. Growth which is "too fast" can't happen in a free market. It can only happen where artificial subsidies (i.e govt, Federal Reserve, natural monopolies) prevent the free market from functioning properly to curb growth.

If bitcoin popularity outpaces the technical development (solutions for blockchain size, processing cost, wallet ease of use) then that technical deficiency will act as a constraint to slow further growth. It also creates a huge financial incentive to build better solutions.

fornit

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Activity: 991

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Quote from: Piper67 on July 11, 2012, 09:01:01 AM

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome

see sig.
maybe not all, but indirectly through premiumize.me you get something between 10-20 including all the most popular ones. i got a 180-day subcription there bought for 20€ in bitcoins (5btc at the time) and even though i dont download that much its really terribly convenient to have access to pretty much everything you might come across without even having to login. filehoster access with btc is pretty much a solved problem imho.

anyways, having him on board would still be good news, even if its just for the publicity at first.

mccorvic

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Activity: 518

Merit: 500

Quote from: aq on July 11, 2012, 09:35:04 AM

Quote from: mccorvic on July 11, 2012, 09:17:15 AM

Quote from: aq on July 11, 2012, 09:09:32 AM

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure

Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho

I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it. It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later Wink

There has been a lot of discussion on the topic that I think you need to catch up on. Do a couple searches on the forum.

kangasbros

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Activity: 812

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Quote from: Grouver (BtcBalance) on July 11, 2012, 05:47:24 AM

Quote from: Tachikoma on July 11, 2012, 05:43:57 AM

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.

Do we already want this though?

I will leave bitcoin instantly if it becomes mainstream, I'm too hipster for that.

But can't really comment much on that, I'm having severe existential crisis because hating mainstream is nowadays too mainstream, and I can't deal with myself any more having problems like this.

aq

full member

Activity: 238

Merit: 100

Quote from: mccorvic on July 11, 2012, 09:17:15 AM

Quote from: aq on July 11, 2012, 09:09:32 AM

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure

Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho

I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it. It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later Wink

Tuxavant

hero member

Activity: 784

Merit: 1000

Bitcoin Mayor of Las Vegas

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

With popularity among consumers, comes interest from new developers, perhaps even with a fresh pair of eyes, to help build our infrastructure and take their own piece of the Bitcoin pie.

Ferroh

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Activity: 111

Merit: 100

I added a tweet:

https://twitter.com/FerrohDotCom/status/223042058900877314

As for other's concerns of the blockchain -- I think we should keep that out of this thread, this issue has been addressed many times. In the short term -- just dont download the blockchain. In the long term, a better solution will be implemented. For now, we can afford a few extra gigabytes on the chain, especially since the influx of bitcoin users would create plenty of incentive to implement a shorter blockchain solution faster.

mccorvic

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Activity: 518

Merit: 500

Quote from: aq on July 11, 2012, 09:09:32 AM

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure

Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho

I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it. It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

mcorlett

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Activity: 308

Merit: 250

Rick Falkvinge's tweet suggesting Bitcoin was retweeted to Dotcom's ~90,000 followers:

aq

full member

Activity: 238

Merit: 100

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure

Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho

Ocean6

member

Activity: 103

Merit: 10

Time to scratch together more for buying BTC!!!

Piper67

legendary

Activity: 1106

Merit: 1001

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome

paraipan

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Activity: 924

Merit: 1004

Firstbits: 1pirata

Quote from: Luceo on July 11, 2012, 05:41:55 AM

Sent him an e-mail.

+1

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

As I always say, nothing gets features implemented like the imminent catastrophe!

waspoza

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Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: Mushoz on July 11, 2012, 08:46:04 AM

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

+1

Mushoz

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Activity: 686

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Bitbuy

Quote from: Tachikoma on July 11, 2012, 05:48:56 AM

Quote from: Grouver (BtcBalance) on July 11, 2012, 05:47:24 AM

Quote from: Tachikoma on July 11, 2012, 05:43:57 AM

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.

Do we already want this though?

I can't speak for everybody, but yeah I would want this. I want to be able to have my whole product chain using bitcoins, at this moment I still need to exchange to USD to pay for certain parts of it. Mainstream means more merchants, which is a good thing.

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

World

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Activity: 743

Merit: 500

has had a strong response on Twitter

Bitcoin Oz

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Activity: 686

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Wat

Do want.

Gabi

legendary

Activity: 1148

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If you want to walk on water, get out of the boat

If he accepts Bitcoin it would be a very good news

Tachikoma

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Activity: 938

Merit: 1000

Quote from: Grouver (BtcBalance) on July 11, 2012, 05:47:24 AM

Quote from: Tachikoma on July 11, 2012, 05:43:57 AM

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.

Do we already want this though?

I can't speak for everybody, but yeah I would want this. I want to be able to have my whole product chain using bitcoins, at this moment I still need to exchange to USD to pay for certain parts of it. Mainstream means more merchants, which is a good thing.

Topic: Kim Dotcom looking for suggestions on payments - page 5. (Read 10012 times)