Interesting idea, though I'm not sure why 1000 other people need to agree to make people want to encourage their use as a currency.
Even for people holding Bitcoins as an investment, it makes sense to spend some of your coins. First, if you have a bunch, you can't sell them all without crashing the market. Second, if they don't take off as an actual currency, your "investment" will be absolutely worthless. The only possible value Bitcoins have is as a currency. If everyone just holds, we all end up with nothing.
Bitcoins are a great currency system. Let's use it as one.
(Of course I do have a suggestion as to where to spend some: http://bitcoinharbor.com)
Topic: *** Pledge to spend 10 Bitcoins *** (Read 3070 times)
No better way to spend bitcoins than to buy physical bitcoin coins to help spread the bitcion message to the world.
http://Coinedbits.com
http://Coinedbits.com
i would do that, but i don't have a 10btc/month income. i don't think i can reach 1btc/month. but i want to help the economy grow.
what do?
what do?
You make less than $1200 per year? Do you live in Haiti?
i dont make 10btcs/month. BTCs. also im a student.
i would do that, but i don't have a 10btc/month income. i don't think i can reach 1btc/month. but i want to help the economy grow.
what do?
what do?
You make less than $1200 per year? Do you live in Haiti?
The bitcoin economy is doing better than people give it credit for
http://bitcoinwatch.com/
Economy
Total BTC 7,011,500 BTC
Market Cap
based on latest prices
63,102,028 USD
or 57,494,300 EUR
or 174,305,890 PLN
or 41,984,862 GBP
or 60,188 ounces of gold
Transactions
last 24h
8,147
Transactions
avg. per hour
339.46
Bitcoins sent
last 24h
2,653,627.27 BTC <---- !!!!!
Bitcoins sent
avg. per hour
110,567.80 BTC
http://bitcoinwatch.com/
Economy
Total BTC 7,011,500 BTC
Market Cap
based on latest prices
63,102,028 USD
or 57,494,300 EUR
or 174,305,890 PLN
or 41,984,862 GBP
or 60,188 ounces of gold
Transactions
last 24h
8,147
Transactions
avg. per hour
339.46
Bitcoins sent
last 24h
2,653,627.27 BTC <---- !!!!!
Bitcoins sent
avg. per hour
110,567.80 BTC
i would do that, but i don't have a 10btc/month income. i don't think i can reach 1btc/month. but i want to help the economy grow.
what do?
what do?
For those looking at the price of Bitcoins going up for this pledge...just think about what that would mean. It would mean that it is becoming a viable currency if the price is going up. Which would mean that you can use it in more places.
If Bitcoin were to go up to $100/BTC I would not be spending $1000 per month on online goods in addition to my regular spending. I would be going to my local grocery store owner to encourage them to accept Bitcoins. If they do not accept them I would go to local farmers or food collectives. I would find an alternative to the big chains that do not accept Bitcoins. I would talk to local restaurant and bar owners that I frequent and explain Bitcoins to them, tell them that I have 10 BTC to spend per month and that it would benefit them to accept them. I would talk get the word out to mechanics about Bitcoin if my car needs serviced, and go to the one that accepts Bitcoins.
The pledge puts you in the driver seat for Bitcoin. For all of us.
If Bitcoin were to go up to $100/BTC I would not be spending $1000 per month on online goods in addition to my regular spending. I would be going to my local grocery store owner to encourage them to accept Bitcoins. If they do not accept them I would go to local farmers or food collectives. I would find an alternative to the big chains that do not accept Bitcoins. I would talk to local restaurant and bar owners that I frequent and explain Bitcoins to them, tell them that I have 10 BTC to spend per month and that it would benefit them to accept them. I would talk get the word out to mechanics about Bitcoin if my car needs serviced, and go to the one that accepts Bitcoins.
The pledge puts you in the driver seat for Bitcoin. For all of us.
Part of your 10BTC/mo. would be well spent here:
https://bitcointalksearch.org/topic/wts-live-cam-porn-for-bitcoins-34962
https://bitcointalksearch.org/topic/wts-live-cam-porn-for-bitcoins-34962
Quote
"I will spend at least 10 Bitcoins per month but only if 1,000 other people will do the same."
sounds too negative, to me. ~I pledge this if, and only if, that.Why not, "I pledge to spend at least 10 Bitcoins per month."--without the quantifier? I like the gist of your idea, BTW.
So, went ahead and signed the pledge because I'll do my best to spend 10btc whenever I have 10btc. Though, the part the confuses me is the "only if 1000 people do the same." Eff that. I'm going to do it anyways. I'm not going to help the community only if everyone else is.
Good point on the "only if 1,000 people do the same" comment, otherwise you have something like what this JO did: https://bitcointalksearch.org/topic/m.434059
The 1,000 part is twofold. One is so that people sign up knowing that they are not in this alone. The other is because with more people using Bitcoins for purchases, the more prices will stabilize. If you just try to spend 10 Bitcoin on your own and find that the fluctuations are too much, then you might get discouraged and you will be more likely to not continue. But if enough people do it all at the same time, then prices will become more stable and it will grow as a currency from there.
I encourage people to spend on goods with or without the pledge, but I think 1000 people could make an impact. There are 500 people logged into this forum right now. We should be able to get 1000 people to actually do what Bitcoin is intended to do.
So, went ahead and signed the pledge because I'll do my best to spend 10btc whenever I have 10btc. Though, the part the confuses me is the "only if 1000 people do the same." Eff that. I'm going to do it anyways. I'm not going to help the community only if everyone else is.
Good point on the "only if 1,000 people do the same" comment, otherwise you have something like what this JO did: https://bitcointalksearch.org/topic/m.434059
Ahem.
*points to sig*
*points to sig*
1000 people seems a bit much. But I'll spend my 10 even without the pledge, especially if a local store here will accept them.
True, even 100 people would have a big impact compared to the amount of Bitcoin spending going on right now.
But I was figuring that I would be inundated by naysayers saying "10,000 Bitcoins is a drop in a bucket compared to 6 million Bitcoins in supply". 1 million Bitcoins being spent per month would be close to the currency of some small countries.
But if we can hit 1000 people. Then we could have a significant impact on spurring the growth of Bitcoin.
1000 people seems a bit much. But I'll spend my 10 even without the pledge, especially if a local store here will accept them.
We already do more then 10 a month so it's easy to pledge 
So, went ahead and signed the pledge because I'll do my best to spend 10btc whenever I have 10btc. Though, the part the confuses me is the "only if 1000 people do the same." Eff that. I'm going to do it anyways. I'm not going to help the community only if everyone else is.
I agree.
The 1000 people pledge gives incentive for other people to support it knowing that there will be other people supporting it and they will all have a magnified affect. Instead of just a few people "doing what they can".
So, went ahead and signed the pledge because I'll do my best to spend 10btc whenever I have 10btc. Though, the part the confuses me is the "only if 1000 people do the same." Eff that. I'm going to do it anyways. I'm not going to help the community only if everyone else is.
I agree. I have already spent more then 10 btc in august.
I will continue to spend.
So, went ahead and signed the pledge because I'll do my best to spend 10btc whenever I have 10btc. Though, the part the confuses me is the "only if 1000 people do the same." Eff that. I'm going to do it anyways. I'm not going to help the community only if everyone else is.
I'm waiting for the confirmation email. Once obtained, you'll see my pledge.
Until then, let me show you a picture of my pride and joy:
Until then, let me show you a picture of my pride and joy:
The language barrier makes that difficult, but I'll see if I can find a way to spend BTCs here and will sign the pledge if I do.
You can always just give me the BTC and I can spend it. It'll fulfill the pledge all the same
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