Show HN: my weekend project - sell files for bitcoins(ubitio.us)
ubitio.us
Show HN: my weekend project - sell files for bitcoins
http://ubitio.us/
7 comments
Could a fellow nerd explain to me why Bitcoins are a good idea? Or what the idea is behind them?
It's another in a long list of attempts to create a digital cash scheme which will never work. Regular money is more than satisfactory for almost everyone.
Because if you want to build stuff with payments, you deal with APIs and not paperwork. Which is much friendlier for us hackers.
Considering bitcoins actually have value (the market works, you can buy and sell them - right now they're roughly $1), it's a real shot at micropayments done right.
Considering bitcoins actually have value (the market works, you can buy and sell them - right now they're roughly $1), it's a real shot at micropayments done right.
Short answer: they aren't. However, anyone who has managed to acquire some is currently busy trying to talk up their value.
Or to put it another way, it's a pyramid scheme with some geek-friendly features.
Or to put it another way, it's a pyramid scheme with some geek-friendly features.
I totally disagree. Their intrinsic value is that they cannot be controlled by despotic governments, nanny state mothers and fathers, or by corrupt bankers or payment gateway vendors. They do not suffer from long term inflation. They have negligible to zero transmission fees.
The fact that the currency is as stable as it is is remarkable, and this is a perfect site to take advantage of bitcoins.
The fact that the currency is as stable as it is is remarkable, and this is a perfect site to take advantage of bitcoins.
Their intrinsic value is that they cannot be controlled by despotic governments, nanny state mothers and fathers, or by corrupt bankers or payment gateway vendors
You could say that for any currency you might care to invent. Limited-edition Franklin Mint velvet Elvis collector plates? They'd be a great currency, if only you could persuade anyone to use 'em.
Alternatively, if you don't like that, then I could invent Bitcoin Prime. It's exactly like Bitcoins, except... well, it's called Bitcoin Prime. Every string of bits that is a bitcoin is also a Bitcoin Prime... except that regardless of who "owns" that bitcoin, I own the Bitcoin Prime. Who wants to buy some?
(Oh, and if such a thing ever does become popular, I guarantee that despotic governments, nanny states and corrupt bankers will find a way to get in on the action.)
The fact that the currency is as stable as it is is remarkable
Stable on a one-year timescale? When the only people who own them so far are the first-gen speculators trying to drive the price up? The "beanie baby" alternative currency lasted longer than that.
You could say that for any currency you might care to invent. Limited-edition Franklin Mint velvet Elvis collector plates? They'd be a great currency, if only you could persuade anyone to use 'em.
Alternatively, if you don't like that, then I could invent Bitcoin Prime. It's exactly like Bitcoins, except... well, it's called Bitcoin Prime. Every string of bits that is a bitcoin is also a Bitcoin Prime... except that regardless of who "owns" that bitcoin, I own the Bitcoin Prime. Who wants to buy some?
(Oh, and if such a thing ever does become popular, I guarantee that despotic governments, nanny states and corrupt bankers will find a way to get in on the action.)
The fact that the currency is as stable as it is is remarkable
Stable on a one-year timescale? When the only people who own them so far are the first-gen speculators trying to drive the price up? The "beanie baby" alternative currency lasted longer than that.
You could say that for any currency you might care to invent. Limited-edition Franklin Mint velvet Elvis collector plates? They'd be a great currency, if only you could persuade anyone to use 'em.
True, but Franklin Mint collector plates are not supremely divisible, easily transferable, or free to store.
Alternatively, if you don't like that, then I could invent Bitcoin Prime. It's exactly like Bitcoins, except... well, it's called Bitcoin Prime. Every string of bits that is a bitcoin is also a Bitcoin Prime... except that regardless of who "owns" that bitcoin, I own the Bitcoin Prime. Who wants to buy some?
Go ahead and try, nobody will get on your bandwagon because the market will expect that a fragmented market for crypto-currency is in nobody's interests.
Oh, and if such a thing ever does become popular, I guarantee that despotic governments, nanny states and corrupt bankers will find a way to get in on the action.
Short of large scale quantum computing (which is my largest semi-fear), bitcoins mathematically cannot be controlled. Your statement is the equivalent of "if ssh tunneling every truly took hold you can guarantee that despotic governments will will find a way to listen in on them." While some governments may try to take measures stop traffic that looks as if it could be bitcoin, they cannot stop the wallet-on-a-usb-stick and in practice they would have an extraordinarily hard time doing so anyways.
There is a real market need for non-reversible, hidden transactions, driven mostly by the Governments that erect inane laws in the first place. Also, governments move slowly, they won't turn their focus onto bit coins until the first kidnapping and ransom is facilitated via bitcoins (a very real possibility).
True, but Franklin Mint collector plates are not supremely divisible, easily transferable, or free to store.
Alternatively, if you don't like that, then I could invent Bitcoin Prime. It's exactly like Bitcoins, except... well, it's called Bitcoin Prime. Every string of bits that is a bitcoin is also a Bitcoin Prime... except that regardless of who "owns" that bitcoin, I own the Bitcoin Prime. Who wants to buy some?
Go ahead and try, nobody will get on your bandwagon because the market will expect that a fragmented market for crypto-currency is in nobody's interests.
Oh, and if such a thing ever does become popular, I guarantee that despotic governments, nanny states and corrupt bankers will find a way to get in on the action.
Short of large scale quantum computing (which is my largest semi-fear), bitcoins mathematically cannot be controlled. Your statement is the equivalent of "if ssh tunneling every truly took hold you can guarantee that despotic governments will will find a way to listen in on them." While some governments may try to take measures stop traffic that looks as if it could be bitcoin, they cannot stop the wallet-on-a-usb-stick and in practice they would have an extraordinarily hard time doing so anyways.
There is a real market need for non-reversible, hidden transactions, driven mostly by the Governments that erect inane laws in the first place. Also, governments move slowly, they won't turn their focus onto bit coins until the first kidnapping and ransom is facilitated via bitcoins (a very real possibility).
> There is a real market need for non-reversible, hidden transactions
BitCoin's transactions are all publicly available, even if only coins can be tracked, not users.
BitCoin's transactions are all publicly available, even if only coins can be tracked, not users.
Not if the transaction is made via usb or CD in the mail.
Edit: and by transaction I mean a "wallet" is loaded up with bitcoins and then handed off to someone else.
Edit: and by transaction I mean a "wallet" is loaded up with bitcoins and then handed off to someone else.
That's very interesting and I hadn't thought of that, but it seems that you'd need to conduct a transaction with the newly-acquired coins in order to ensure that they aren't spent twice.
If your password is stolen and someone steals all your bitcoins, how enthusiastically will the police investigate this crime?
Is your bitcoin wallet covered by your home insurance policy against loss or theft?
Is your bitcoin wallet covered by your home insurance policy against loss or theft?
>The fact that the currency is as stable as it is is remarkable
the currency will fail as soon as NSA withdraws its funding from this project of distributed generation of these hash signatures with very specific properties. Who else do you think maintains such a stable and modestly growing valuation? Free market? :)
the currency will fail as soon as NSA withdraws its funding from this project of distributed generation of these hash signatures with very specific properties. Who else do you think maintains such a stable and modestly growing valuation? Free market? :)
Your short answer is just that; You do not mention any of the positives.
Some of the positives:
* anonymous
* decentralized
* finite supply
* no transaction fees
* open source
* growing in usage
* is traded on online currency markets
I'm sure there are more, but that is just off the top of my head. BTW, I'm speaking as someone who has ZERO BTC.
Some of the positives:
* anonymous
* decentralized
* finite supply
* no transaction fees
* open source
* growing in usage
* is traded on online currency markets
I'm sure there are more, but that is just off the top of my head. BTW, I'm speaking as someone who has ZERO BTC.
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How is it a pyramid scheme? Bitcoins are just a scarce resource..
I admit it's not exactly a pyramid scheme, but it does have many features in common -- in particular, the fact that the folks who get in on the ground floor can potentially earn lots of money by persuading as many other folks as possible to join in and then cashing out before the bubble bursts.
In a pyramid scheme, the people at the top of the pyramid want to stay in the game for as long as they can, not cash out as soon as the opportunity arises. What you've described sounds closer to "pump'n'dump".
And people who first got into computers benefited greatly by convincing others that to get into computers as well.
I mean, the more widespread the use of bitcoins the more negligible the initial advantage of early adopters will become.
I mean, the more widespread the use of bitcoins the more negligible the initial advantage of early adopters will become.
It's "Cash" for the web. Currently if you want to do business on the web, your options are accept payments via a private entity, and give them some percentage of your revenue, or work for free. This aims to solve that issue.
I think it also puts us in the right direction in terms of globalization. There are many problems with doing business internationally. The first of which is foreign exchange rates, if we all accepted one currency international transactions become simpler
Personally I don't think it solves the problem in an optimal manner, but if it starts a movement, then I'm all for it.
I think it also puts us in the right direction in terms of globalization. There are many problems with doing business internationally. The first of which is foreign exchange rates, if we all accepted one currency international transactions become simpler
Personally I don't think it solves the problem in an optimal manner, but if it starts a movement, then I'm all for it.
Do you mean a good idea relative to giving away stuff for free, or relative to dollars/euros?
The first question is really, "Why should we use money?" I'm not going to get into that in any depth here, but the short answer is that money allows you to collaborate with people you don't trust, or even know, in efficiently using scarce resources.
As for the second question, they're currently easier to transfer over the internet than dollars or euros, less prone to fraud, and more anonymous.
(I don't own any Bitcoins.)
The first question is really, "Why should we use money?" I'm not going to get into that in any depth here, but the short answer is that money allows you to collaborate with people you don't trust, or even know, in efficiently using scarce resources.
As for the second question, they're currently easier to transfer over the internet than dollars or euros, less prone to fraud, and more anonymous.
(I don't own any Bitcoins.)
Here's a resource that offers a nice overview: http://weusecoins.com
You probably shouldn't use Mac oS X's zip file icon. Pretty sure that's copyrighted by Apple.
I uploaded a .gif and got a huge code dump in return.
oh. well.. this is very quick project and I did not really spent a lot of time polishing it. So I could expect that. Do you have screenshot/copypaste by any chance? If so, could you send it to [email protected]?
Your copyright notice still says 2010.
As it should, if that was the year he put it up. A copyright notice, if you're going to place one, is supposed to have 3 elements (via copyright.gov):
1. The (c) symbol, the word copyright, or the abbreviation "copr." 2. The year of first publication 3. The name of the copyright owner
1. The (c) symbol, the word copyright, or the abbreviation "copr." 2. The year of first publication 3. The name of the copyright owner
Is Google doing it incorrectly? They use:
© 2011Google updated their stuff this year, so 2011 is fine.
I had assumed this was a weekend project that just launched, my bad.
I put this just 'cos I wanted to put something into footer. I do not care about copyrights at this point =)
I think it's a good idea but am relunctant to think that people would actually pay for files, especially for something they've never seen/used before.
Nonetheless, maybe check out: http://news.ycombinator.com/item?id=2406614 (http://gumroad.com)
He/She also did the same thing over the weekend. :)
Nonetheless, maybe check out: http://news.ycombinator.com/item?id=2406614 (http://gumroad.com)
He/She also did the same thing over the weekend. :)
This is awesome! I personally can't think of a need for the service, but I'm glad to see Bitcoins being used. I don't care how it materializes, but an open source virtual currency needs to flourish.
Main features: - just one field to upload. nothing else - files are stored for one week by default, but if someone downloaded it, file life extends. - payments are in Bitcoins - to download file you have to pay nominal 2 bitcents or more - to setup higher price - you need to "invest" into your file - deposit same amount you want to charge for the file - site takes 10% cut from all payments.
here is example of download link - http://ubitio.us/file/download/127
It is weird in terms of requiring nominal payments (it was initial idea to avoid using CAPTCHA) and short life of the file which depends on number of downloads.
This was really a fun project and it really never took off, but any comments really appreciated =)