Then there is another type of crowdfunding ....equity crowdfunding. Instead of donation-based such as KickStarter, equity investing is where the contributors can earn profits if the project's revenues does more than just cover expenses.
Cyber-equity exchanges include BitFunder.com and BTCT.co.
One problem, however, is that there might be jurisdictions where this type of crowdfunding isn't allowed. In the U.S. the JOBS act signed by President Obama means offering this type of investment will be made legal when certain rules are followed (e.g., use of a crowdfunding portal). The type of anonymous investment occurring of BitFunder.com and others is not likely to be an acceptable method by the SEC with regard to their rules for the JOBS act.
If the rising dollar volume crossing the blockchain outpaces the rising exchange rate, then it is sustainable. The blockchain output cannot be estimated with certainty though so that will always be a best guesstimate.
But certainly the bulk of the value remains from speculative interest rather than organic demand for the coins for use in commerce.
"Autosell" is the term Mt. Gox uses as the name for the parameter in the shopping button API to sell immediately once the transaction has confirmed.
But that's the thing. Merchants are worried about the downside risk, and basically ignore that there is an upside gain possible as well. Sure, the merchant shouldn't be speculating with revenues that go to employee's salaries and inventory purchases, but if there's 10% profit, keeping 10% of revenues without converting that to USDs might be beneficial.
BitPay is a merchant processor that lets the merchant specify what percent of revenue to convert and remainder of bitcoins are paid out without conversion.
Eh, if I want to gamble, I'll go to a casino. I pay my employees in Euros, that's what I want revenue in. I even want it exchanged from dollars, so I get X Euros every time.
The autosell feature means I can add Bitcoin as a payment method with no hassle, I'm enjoying it greatly.
You bought them and sent them to your CoinBase wallet, or did you actually buy them from CoinBase? (I didn't think that had started selling coins themselves yet.)
Consumer-grade mining is a temporary phenomena. In a few months, the block reward will be dropping in half, and most people with GPUs will no longer be able to operate them profitably for mining. This is because FPGA mining hardware has been shipping in volume.
In addition, if ASIC hardware starts shipping, GPU is completely out of the game and FPGAs will be hard pressed to stay powered on.
GPU mining had a good run for nearly two years, but it is about to be obsoleted.
So, the only way to get some bitcoins for a single person would be hacking sites like bitcoinica or users? Also, is there a live statistic, which shows how much bitcoins exists right now?
Then there is another type of crowdfunding ....equity crowdfunding. Instead of donation-based such as KickStarter, equity investing is where the contributors can earn profits if the project's revenues does more than just cover expenses.
Cyber-equity exchanges include BitFunder.com and BTCT.co.
One problem, however, is that there might be jurisdictions where this type of crowdfunding isn't allowed. In the U.S. the JOBS act signed by President Obama means offering this type of investment will be made legal when certain rules are followed (e.g., use of a crowdfunding portal). The type of anonymous investment occurring of BitFunder.com and others is not likely to be an acceptable method by the SEC with regard to their rules for the JOBS act.