@tvbcof: pm
It is a petty that a lot of the most promising applications are illegal or morally objectionable (and I do not mean porn).
Topic: like it or not, the SR is only killer application of bitcoin since it was born, - page 2. (Read 3618 times)
October 17, 2011, 03:59:43 PM
@johnj: do you mean something like http://coinabul.com ?
@tvbcof: pm
It is a petty that a lot of the most promising applications are illegal or morally objectionable (and I do not mean porn).
@tvbcof: pm
It is a petty that a lot of the most promising applications are illegal or morally objectionable (and I do not mean porn).
October 17, 2011, 03:17:19 PM
Stupid question but you mean you can actually buy gold in rather better quantities or that it is difficult for people to do so?
October 17, 2011, 01:12:14 PM
Being able to anonymously turn wealth -> btc -> drugs was a boom. The same thing for Gold could be a bigger boom.
It has always struck me that Bitcoin could be very useful as a medium for transferring many things, but particularly PM's, across the world. Provided that there are parties in both locations who want their PM's in the other.
A transaction could be 'ratcheted in' is what I mean. So, if we are doing 10 Krugs, some BTC is transferred, then one KR is handed over and BTC (plus some more) is transferred back. Rinse and repeat until the transaction is done. No one party can rip off the other party for anywhere near the total value. Could be done with other types of money than BTC, but Bitcoin is probably the best choice at this time due to the speed, robustness, and privacy properties that it has.
A bonus is that it would not be illegal (as far as I know...and if it is, it shouldn't be.) Should work as long as the exchanges are open so that, of course, a person left holding BTC as the result of a ripoff would not be high and dry.
I even registered a domain name the other day in case I someday decide to build a platform to facilitate this class of transactions. Likely I'll never do it though.
October 17, 2011, 12:35:41 PM
I agree that Silk Road was the best thing that ever happened to Bitcoin. Unfortunately, it was also Silk Road that attempted to kill Bitcoin. $31 to $2.46 you can lay directly at their door for their response to some idiots who said some worthless words on TV.
Is it possible to have another SR?
That's what I was wondering. Also I think it -may- happen when people off real gold bullion for BTC. The "Silk Road" for Gold.
Being able to anonymously turn wealth -> btc -> drugs was a boom. The same thing for Gold could be a bigger boom.
October 17, 2011, 12:26:33 PM
It's easy to build software. It's hard to build reputation. Silk Road could not be easily replaced (hell, it already has someone trying to compete).
does SR have multiple language versions? if so, that would be cool. but such market need localization.
October 17, 2011, 11:31:43 AM
It's easy to build software. It's hard to build reputation. Silk Road could not be easily replaced (hell, it already has someone trying to compete).
October 17, 2011, 11:25:36 AM
I think there already is I was told.. black market or something or other. Its not exactly difficult to make ofcourse there will be copys lol.
October 17, 2011, 11:21:24 AM
I agree that Silk Road was the best thing that ever happened to Bitcoin. Unfortunately, it was also Silk Road that attempted to kill Bitcoin. $31 to $2.46 you can lay directly at their door for their response to some idiots who said some worthless words on TV.
Is it possible to have another SR?
October 17, 2011, 10:56:59 AM
I agree that Silk Road was the best thing that ever happened to Bitcoin. Unfortunately, it was also Silk Road that attempted to kill Bitcoin. $31 to $2.46 you can lay directly at their door for their response to some idiots who said some worthless words on TV.
October 17, 2011, 07:40:32 AM
use yes, distributing? no
October 17, 2011, 07:38:28 AM
I believe if the code on how Silk Road operates was released, whatever tricks that keep it going would not be as useful. They have the formula for how to make Coke, except no copyright protection, so understand if they are secretive.
Bitcoin will become more of a payment option for people when it becomes more necessary or useful to do transactions that way. Natural user growth is happening, people in it for trading moving out while people who like it for tech, political, or whatever reasons stay in.
If the market calls for more Silk Road type things, it would happen, but I think the opposite is happening, governments are just becoming more relaxed on caring about drug use.
Bitcoin will become more of a payment option for people when it becomes more necessary or useful to do transactions that way. Natural user growth is happening, people in it for trading moving out while people who like it for tech, political, or whatever reasons stay in.
If the market calls for more Silk Road type things, it would happen, but I think the opposite is happening, governments are just becoming more relaxed on caring about drug use.
October 17, 2011, 07:34:32 AM
except speculative bubble.
bitcoin need killer applications, disruptive innovations, not just better than traditional.
I think bitcoin as a payment system is fine, but it will be really difficult to win a significant market share in the payment market. Yes, it may be cheaper in some circumstances, but better things will not automatically win, as currency has strong network effect.
Actually, every corner in this world need drugs to getting high. why not someone just create a copy SR, make it open source or sell the source code at a reasonable price, and make sure the code is easy to translated into different languages, so all the ppl around the world can get heroins easily.
bitcoin need killer applications, disruptive innovations, not just better than traditional.
I think bitcoin as a payment system is fine, but it will be really difficult to win a significant market share in the payment market. Yes, it may be cheaper in some circumstances, but better things will not automatically win, as currency has strong network effect.
Actually, every corner in this world need drugs to getting high. why not someone just create a copy SR, make it open source or sell the source code at a reasonable price, and make sure the code is easy to translated into different languages, so all the ppl around the world can get heroins easily.
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