Topic: The Dangerous State of Bitcoin (.com) - page 4. (Read 9061 times)

Yes, by purchasing up a lot of the railroads and ports and pipelines and then raising rates on their competitors use of them to the point that they were unable to compete, and then raised prices on their own oil to make more money, among other things.

First I would say the govt interfernce both lead to the rise of Standard oil and created problems after they took it down.
Still Tradehill isn't a monopoly.  Unless a natural monopoly exists it usually require governmental support to sustain a monopoly.  

Neither is an issue with Bitcoin.

So bring on the brutal capital wars.  It is going to take some real money to move Bitcoin mainstream. The potential profits/rewards is what leads companies/investors to take risks.  You aren't going to see the deployment of capital without some benefit to those taking the risk.  If Tradehill is well rewarded for their business skill and risk taking then I have absolutely no problem with it.


The great thing is that Tradehill needs profits to secure a dominant position.  If you don't like their gameplan then don't trade their.  Of course I see Mt.Gox as a greater monopolistic threat than Tradehill.  I would much rather see Tradehill volume go up not down relative to Mt.Gox.

Uh, no. They brought us the lowest oil prices in history.

You must prove that google will prefer .com...
I don't see bitcoin.com even on the entire first page, much less on #1.

Google prefers backlinks(and well SEO'ed sites), and tradehill isn't going to get more backlinks with the anchor text Bitcoin to bitcoin.com than the backlinks which already exist to Bitcoin.org, well, at least not the whitehat way...

The narrative is very beautiful, but i stopped giving inportance to your speech in the sentence you said Google prefers .com's...

See this is what Standard oil did and then as soon as they "won" they become one of the most corrupt, ineffecient and morally bankrupt companies that the US has ever seen before and since. If companies get to a point where they are a monopoly then the free market stops working (competetion driving effeciency up) and just becomes a massive bloated orgy of "lets screw everyone over"

Um that IS the free market at work.  That is capitalism at its finest.  The free market isn't sitting around a campfire singing kumbaya and talking about fairly distributing marketshare in this new economy.   It is about brutally beating your competitors into submission and taking marketshare by any legal means possible.  

May the most brutal, aggressive competitor willing to take the big risks win.  A-fraking-men to Capitalism!

You forgot the bit where Bruce Wagner becomes an a-list celebrity, then gets caught by paparazzi doing a boy in a public toilet. Then he kills him self and we all rejoice.

I'm a fairly happy customer of Tradehill who they have always treated well, and for that reason generally a supporter, but...

I do think that they should always (including now) make it front and center on any landing page that there exists a 'bitcoin.org' which is as official as it gets for the popular open source implementation of the Bitcoin software and network.  And that that may be what the visitor is looking for.

Unless and until they do that, I will have a lingering sour taste in the back of my throat about this.

A market advantage does not guarantee market dominance.

Ooo I like this.  Quadratic speculation!

So what you're saying is that a client hosted on bitcoin.com is no more likely to get used than a client named "virus.exe" on a site called www.hotvirusandcrackdownloads.ru/virusdownloads.html" ESPECIALLY when google (the most used search client) puts bitcoin.com at the top of the ranking pages by virtue of being both bitcoin, and .com.

You're a fucking idiot.

That prevents the free market from working...how?

I actually made a thread where I suggested that the client should be a client, wallet, miner, and exchange account rolled into one.  Realistically, this is one of the many things needed for Bitcoin to catch on.  It needs to be ergonomic and people need to be amused, not irritated.

No, the neckbeards control the means of production. We need our fair share.

Tradehill is not putting a gun to anybody's head and telling them to use their client. Nothing is stopping Gox from making their own Bitcoin client.

This is the beauty of bitcoin.  Anyone can make their own client app, or wallet app, or any app they want, with whatever integrated features they want. 

They aren't responsible as should be clear by the fact they're trying to make a bitcoin client with integrated tradehill, preventing the free market from working.

You would be a good fiction writer.

As far as I'm concerned, TradeHill is the closest I've seen to a responsible Bitcoin business, especially when taking into account the scale on which they do business.  Are they the largest Bitcoin business behind Mt. Gox?

Anyway, I've emailed them on at least 4 different occasions...and that's not including follow-up emails with things I had forgotten to mention or new concerns I had; frankly, it could have been seen as annoying.  They have responded timely to every email, even the follow up ones.  They have consistently addressed every problem or question I have had, and I believe I may have actually been the catalyst for TradeHill's implementation of permanent deposit addresses on every account.  

This implementation was added less than 24 hours after I had exchange of emails with TradeHill about an error I made during a BTC deposit -- using the old method, I requested to deposit 3.5 BTC but accidentally deposited 3.72 BTC because that was all the BTC I had in my wallet rounded to the nearest bitcent.  I wrote to TradeHill about the accident, and not only did they quickly cancel the transaction and refund my BTC, but they implemented permanent deposit addresses so you no longer had to request to deposit a specific amount.

Keep in mind I'm very skeptical of the Bitcoin community, especially people trying to sell me a product or service.  I guess it's risk assessment.  Anyway, I'm not saying I 100% trust TradeHill...that will probably never happen with any Bitcoin business unless my BTC are FDIC insured or something.  All I'm saying is that they have done the most to earn my trust, though I realize my sample size is rather small.

If TradeHill wants to get large enough to the point where they can afford to put up collateral to back our BTC, that's fine by me.

bitcoins.com is owned by MtGox. Does this change anything?

And you need to falsely demonize socialists in this thread because?

Dystopian bitcoin future stories are fun!