Post
Topic
Board Bitcoin Discussion
Re: Targeted advertisement - Who would BitCoins appeal the most to?
by
hazek
on 06/03/2011, 11:42:47 UTC
Read carefully.
Maybe it's you who should read my posts more carefully.

Quote
Do not introduce bitcoins and push mining them because it is not about mining, that is merely a small part of a superior currency.
First of all I can do what ever the hell I want. Second of all, do you seriously think businesses will accept BitCoins just because of their properties and not pay any attention to who actually has them and how much they're really worth?

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Introduce the currency and why it is better, mining will follow.

Sorry sir, that's not how gold became money, and it's not how BitCoin use as money will spread either. Study history.


I can understand both of you, but I think it would be a lot more efficient to advertise to web merchants who are fed up with paypal fees. Imagine buying the adwords "paypal sucks" and linking to bitcoin.org  Smiley

Show me one business which wont pay any attention to their real value at this point determined by the various exchanges and will focus sololey on it's good properties? Do you really think a business will just decide: "Oh look a digital currency that has all the right rules and properties, lets gamble and sell our services for it and who cares if by the end of the month we can't buy anything for them!" Will ... never... happen.

They'll look at the exchanges, at the volume, at the number of bid vs ask offers, they'll look at the number of nodes and then they'll look at the number of all the BitCoins currently existing and they'll come to the same conclusion as I did: "It's a way too small market with way to few people hoarding way to many BitCoins for them to have a stable or realistic price right now. I'm not going to risk my money with it."



But new miners have little to no risk in trying out BitCoins. All they have to risk is some CPU/GPU time and the money to pay the electricity bill. And if they get some, hurray for them and if they don't who cares. And those who'll get them will value them because of it's properties and eventually they'll offer them in their own personal trades to other people they know and it will only snowball from there.. That's how you get BitCoins popular! I mean FFS just look at the gold rush period..

More miners is the best thing that could happen to BitCoins! Besides.. are you saying I'm not free to advertise BitCoins how ever I see fit?  Roll Eyes