agreed I sell wallets for .1 BTC
As a manufacturer or just a distributor? In any case, your price is way too low.
At that price it only costs an average miner $0.30 to buy a wallet from you.
How much does it cost you to manufacture/source a wallet?
Topic: Looking for Bitcoin Econonmists - page 2. (Read 2210 times)
agreed I sell wallets for .1 BTC
As a manufacturer or just a distributor? In any case, your price is way too low.
At that price it only costs an average miner $0.30 to buy a wallet from you.
How much does it cost you to manufacture/source a wallet?
Quote
I'm not in need of your service... But miners are — it's in their best interest to generate demand for BTC. Unfortunately, they still believe in bitcoin being GOLD 2.0, not BTC.
Consider it a donation to the economy as said coins will be used for commerce. We already paid for out website with btcs and also some graphics work in btc.
Quote
How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.
Well then put your money where your mouth is, We are accepting donations:
189tfJJhCJFtkr4MZJgcB3yuGTfUh7cvUL
I'm not in need of your service... But miners are — it's in their best interest to generate demand for BTC. Unfortunately, they still believe in bitcoin being GOLD 2.0, not BTC.
The early stage of these coins is just about production, I think we are about 60% of the way through this stage for Bitcoin, after production has peaked then it's about distribution (people setting up goods and services), and the third phase will be major adoption and establishing capital markets in BTC.
These stages will pretty much come and go without any one of us doing anything significant to aid in their progress... Let's just refer to them as the bitcoin project life-cycle. However, what's important for everyone to agree on at the very early stage (before the final product is shipped for consumption) is what type of bitcoin project do we want to distribute: a make believe virtual economy (a.k.a. yet another MMORPG economy) or a real-world BTC-based economy. I tend to have an affinity for promoting the latter form/shape... What about you?
Do we really want bitcoin to be a more realistic alternative to Second Life?
right now there isn't so much of a goods market so what else would people really mine it for at this point
How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.
agreed I sell wallets for .1 BTC
Quote
How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.
Well then put your money where your mouth is, We are accepting donations:
189tfJJhCJFtkr4MZJgcB3yuGTfUh7cvUL
right now there isn't so much of a goods market so what else would people really mine it for at this point
How about paying those who promote the adoption of bitcoin through services like The Bitcoin Education Project? We are all in this together, but bitcoin miners have yet to realize that without spending there won't be a bitcoin economy. Hoarding will not get them anywhere in the long-term (the public will soon get tired of the Pump and Dump schemes)... In fact, it may even spell the death of bitcoin, especially if a competing crypto-currency will figure out a way to motivate its miners to spend like there's no tomorrow.
that I totally agree with, but most of miners just want to sell there BTC for cash
How do you know that it's the miners who are actually selling their bitcoins? Current exchange rate fluctuations could be due to Smart Money using the Pump and Dump schemes.
I never said it was the miners selling it right now, but right now there isn't so much of a goods market so what else would people really mine it for at this point. The early stage of these coins is just about production, I think we are about 60% of the way through this stage for Bitcoin, after production has peaked then it's about distribution (people setting up goods and services), and the third phase will be major adoption and establishing capital markets in BTC.
that I totally agree with, but most of miners just want to sell there BTC for cash
How do you know that it's the miners who are actually selling their bitcoins? Current exchange rate fluctuations could be due to Smart Money using the Pump and Dump schemes.
It may help to think of miners as the FED of bitcoin-based economy: they are in complete control of fluctuations in BTC money supply by how much bitcoins they decide to put back into circulation after taking them out through transaction fees.
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
I'm linking your service to selling something that has been created out of a thin air. They only way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding.
what are you talking about?
His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?
There won't be any worthwhile buying or selling of products/services without the increase in spending by miners -- they are the only ones who initially seed BTCs into circulation, thus increasing the total BTC money supply (not to be confused with the monetary base of 21 million bitcoins).
that I totally agree with, but most of miners just want to sell there BTC for cash so the more people want BTC to buy goods the more they will pay miners for the coins they've mined then the real BTC economy can begin.
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
I'm linking your service to selling something that has been created out of a thin air. They only way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding.
what are you talking about?
His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?
There won't be any worthwhile buying or selling of products/services without the increase in spending by miners -- they are the only ones who initially seed BTCs into circulation, thus increasing the total BTC money supply (not to be confused with the monetary base of 21 million bitcoins).
Quote
what are you talking about?
His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?
His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?
Maybe there is a language barrier and he is having difficulty communicating his ideas? Yes you have correctly summarized what I am trying to do. Fair point on supply not decreasing, my point was the demand will drive the price point higher, which is what we want as bitcoin holders.
Topics that would be discussed in Bitcoin economics:
- The economics of Money (what is money, what is it's function, how does bitcoin do this)
- Economics of Bitcoin distribution (how does the method of bitcoin creation effect who gets them and the structure of production "Hint: the structure of production tends to cater towards those closer to money creation than downstream money receivers")
- How different countries rules effect the local use of bitcoin
- How technology effect the use of bitcoin
- The Division of Labor in the bitcoin community
plenty of stuff to write about
- The economics of Money (what is money, what is it's function, how does bitcoin do this)
- Economics of Bitcoin distribution (how does the method of bitcoin creation effect who gets them and the structure of production "Hint: the structure of production tends to cater towards those closer to money creation than downstream money receivers")
- How different countries rules effect the local use of bitcoin
- How technology effect the use of bitcoin
- The Division of Labor in the bitcoin community
plenty of stuff to write about
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
I'm linking your service to selling something that has been created out of a thin air. They only way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding.
what are you talking about?
His project works along these lines:
- People stay away from things they don't understand
- People who don't understand cryto won't buy or sell stuff in crypto
- If people are educated to understand crypto they won't stay away
- More people will buy and sell stuff in crypto
- Everyone in the COmmunity wins... what's the problem with this?
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
It wouldn't reduce the supply, you'd just be shifting the demand curve to the left, the supply curve would stay place (technically ASICS will shift the supply curve to the right)
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
I'm linking your service to selling something that has been created out of a thin air. The only sure way to create demand for bitcoins is to turn them into BTCs through increased spending, not hoarding. So, figure out a way to pay your lecturers in BTC.
I'm not entirely sure how you are linking this to mining. My goal is to educate the general public on bitcoin. The only thing this could accomplish would be for more demand for bitcoins thus reducing supply and increasing prices.
this is a youtube course I did on currency and money to see what I can do:
http://www.youtube.com/watch?v=ed2NvDFEhCM&list=PL4B597A0247C4D0C4&index=4
http://www.youtube.com/watch?v=ed2NvDFEhCM&list=PL4B597A0247C4D0C4&index=4
Quote
How are you planning to pay for all this if you are not a miner? Even miners don't mine bitcoins for free.
The say way Satoshi paid to develop bitcoin. Through volunteers and community donations. I am working for free and I got Udemy to support us at no cost. We will never have to pay for bandwidth for our lectures. The more people who enter the bitcoin world; the more money my bitcoins are worth.
It's important to understand that starting bitcoin and developing it are not the same thing: the former involves Mining (creation of X), the latter — Minting (promotion of X as a thing of value — a.k.a. sales). Your service clearly helps turn bitcoins (a "mined form" of binary code) into BTCs (a "minted form" of binary code). So, the question becomes, how do you motivate someone to sell something that has no utility to begin with when there's not even a tiny commission attached to a sale?
Let's face it, it is in the miners' interest to start paying the sellers to increase BTC's circulation... Otherwise, their innovation (bitcoin) will continue to have less than a $3 underlying value (i.e. the cost of extracting a bitcoin), until it finally would hit zero after all bitcoins have been mined and most miners have long moved onto the next lucrative opportunity.
Jump to: