But how do they buy bitcoin in the first place?
Why are bitcoin gift cards not a thing? I think someone like circle should easily be able to team up with a big merchant to sell something that is redeemable for bitcoins. The price could be fixed at either the time of purchase or at the time of redemption. Give cash -> Get receipt -> Go home -> Redeem bitcoins with code on the receipt Or better yet, the receipt could be a paper wallet itself, and be swept by any app you want. Although the incentives are probably stronger for a company that wants to get people to sign up for their wallet. This already exists. |
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Sorry, why would I need to connect a credit card to my Bitcoin wallet? The money from your job goes to a list of direct deposit accounts you specify. One of them can be Bitwage, which turns it straight into BTC in your own Bitcoin wallet.
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I just found a way to eliminate my need for a bank account. I discovered Bitwage. I have signed up and am now testing it out. The quick description is you direct some of your direct deposit paycheck to Bitwage's checking account. When they receive it, you get the equivalent in Bitcoin the next day. Not only does this remove the bank from the loop, but it's much faster than waiting days for Coinbase, and doesn't leave a trail in your checking account showing how much Bitcoin you have.
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Localbitcoins... ATMs... Tips...
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The target market for Bitcoin use by Microsoft is XBox gamers, many of whom are under 18 years of age. This demographic doesn't have credit cards. Bitcoin will become the defacto savings and payment method for this demographic. Cash doesn't do them any good, as they can't spend it online. Bitcoin is the answer.
Microsoft has capitalized on something big here. The under-18 demographic has no way to legally spend fiat online. Now they can spend Bitcoin. Soon the under-18 demographic will begin keeping their funds in Bitcoin, as it's trapped in unusable form when left as fiat. Bitcoin will grow from this. Add to this the powerful educational effect of indoctrination at an early age, and we have a very bullish long-term effect for Bitcoin.
Interesting, until you think it through: BTC is not spent directly--it must be added to your MS account. BTC must be purchased--why would a kid steal mom's credit card to shop for BTC @ circle.com, when he could fund his account directly? finally, what's wrong with conventional way of doing things?  Your assumption that kids steal their parents credit cards to fund their activities is flawed. Many kids have cash and don't want to ask their parents every time they wish to spend it online. A simple trip to a Bitcoin ATM will convert it to a form that can be spent in many places online. They won't keep it all in a Microsoft account, since that cannot be withdrawn. A simple trip to a store would get them a cash card/prepaid CC. Those can be spent in more places on and offline  Or, you know, just get xbox card. Re: "won't keep it all in a Microsoft account, since that cannot be withdrawn": They have to fund their MS account to use BTC. That's the only way MS accepts BTC. That could work for those with cash. But you can avoid the trip to the store after receiving Bitcoin online if you just use the Bitcoin directly. That implies the target demographic is truly those who earn Bitcoin, such as through tips or providing online services in exchange for Bitcoin. |
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It pisses me off that it's USA only. Fuck the kids in America (Whoa), try one of the countries where paypal and mastercard don't operate in most households.
Paypal doesn't accept cash deposits. Kids can't use paypal or mastercard themselves. Bitcoin provides a solution. |
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The target market for Bitcoin use by Microsoft is XBox gamers, many of whom are under 18 years of age. This demographic doesn't have credit cards. Bitcoin will become the defacto savings and payment method for this demographic. Cash doesn't do them any good, as they can't spend it online. Bitcoin is the answer.
Microsoft has capitalized on something big here. The under-18 demographic has no way to legally spend fiat online. Now they can spend Bitcoin. Soon the under-18 demographic will begin keeping their funds in Bitcoin, as it's trapped in unusable form when left as fiat. Bitcoin will grow from this. Add to this the powerful educational effect of indoctrination at an early age, and we have a very bullish long-term effect for Bitcoin.
Interesting, until you think it through: BTC is not spent directly--it must be added to your MS account. BTC must be purchased--why would a kid steal mom's credit card to shop for BTC @ circle.com, when he could fund his account directly? finally, what's wrong with conventional way of doing things? Your assumption that kids steal their parents credit cards to fund their activities is flawed. Many kids have cash and don't want to ask their parents every time they wish to spend it online. A simple trip to a Bitcoin ATM will convert it to a form that can be spent in many places online. They won't keep it all in a Microsoft account, since that cannot be withdrawn. |
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The target market for Bitcoin use by Microsoft is XBox gamers, many of whom are under 18 years of age. This demographic doesn't have credit cards. It's very difficult for them to spend fiat online. Bitcoin can become the defacto savings and payment method for this demographic. Cash doesn't do them any good, as they can't spend it online. Bitcoin is the answer.
Microsoft has capitalized on something big here. The under-18 demographic has no way to legally spend fiat online. Now they can spend Bitcoin. Soon the under-18 demographic will begin keeping their funds in Bitcoin, as it's trapped in unusable form when left as fiat. Bitcoin will grow from this. Add to this the powerful educational effect of indoctrination at an early age, and we have a very bullish long-term effect for Bitcoin.
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The target market for Bitcoin use by Microsoft is XBox gamers, many of whom are under 18 years of age. This demographic doesn't have credit cards. Bitcoin will become the defacto savings and payment method for this demographic. Cash doesn't do them any good, as they can't spend it online. Bitcoin is the answer.
Microsoft has capitalized on something big here. The under-18 demographic has no way to legally spend fiat online. Now they can spend Bitcoin. Soon the under-18 demographic will begin keeping their funds in Bitcoin, as it's trapped in unusable form when left as fiat. Bitcoin will grow from this. Add to this the powerful educational effect of indoctrination at an early age, and we have a very bullish long-term effect for Bitcoin.
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Local authority? ll, what is that?
1. Dial 911 (or equivalent if you're one of the unfortunates Bitcoin criminals forced to live outside US). 2. Explain to the operator the depths of depravity that you have sunk to. 3. Stay on the line until the van arrives. 4. Walk out of your domicile slowly, with hands clearly visible and raised above your head. You will be transported to the nearest appropriate agency. I got through step 2. After explaining everything, they are now asking for your contact information. I pointed them at your post and they mentioned something about subpoenaing your IP address. |
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So, the sellers couldn't break the most recent low on 11/20. If this holds it's yet another higher low. That would be bullish.
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386, baby... math coprocessor is built in! 32-bit baby! No more Win32S for me. Now I can run 32-bit apps in Windows 3.1 natively. EGA monitor! 14.4K modem! Get with the times!
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I don't use wave analysis. The EWers are pretty consistent in their calls for another test of the bottom though.
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Medium-term exponential trendline (since April 2013, currently at about $358, bouncing off it now): Long-term exponential trendline (entire lifetime of Bitcoin, currently at about $250, would fit an EW final wave down before new ATH):
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Heading up...  |
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I had to chime in here, I thought of this idea too!!! Great minds think alike eh? I almost cannot see any downside with this : It's definitely better than the current way of investigation... For someone to dispute the claim, they'd have to say that the person pretty much held him to hostage and took the content and then hashed and "registered the existence"... Coming to think of it, why a blockchain? Why not just a distributed database of hashes that is verified? The blockchain per se may not be necessary right? Verified by whom? The blockchain provides the verification. |
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I will eventually stop buying, if there is nothing left to buy. That's the beauty of a fixed supply. Eventually they will run out.
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Think bigger. If I was going to do this, I'd open my own bitcoin exchange and commence with naked shorting. I would repeatedly borrow bitcoins, sell them to others, borrow from those I sold to, sell them again, repeat ad infinitum. I would offer huge interest to anyone lending me bitcoins to ensure they left them on my exchange. This would reduce the chance of a run on bitcoins.
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