Per news from coindesk, another 3 Uk ATM will be avalaible in London and bristol. That's something which change view on bitcoins in UK. For places where you can buy bitcoin look here: http://goo.gl/RA070eWe have confirmed 5 ATM than in UK. This is good news. This is good news and those ATMs are spreading very fast. Still many cities in the UK needs it and people wants it  so some investors have a lot of work Place ATM in your city if you can! ATM is still expensive though. But soon normal shop keepers will take it as another way of making money. If shop keepers were to have BTC ATMs in their store so people could buy bitcoin and the store were to also accept bitcoin then those stores would generate a lot of foot traffic. Granted a lot of it would not be interested in buying the products at the store, but it would probably have an great increased amount of sales, just not as much as the extra foot traffic. |
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If you were to do this then you would give up an value that your coins previously had.
It would be more beneficial to sell your bitcoin for fiat and pay the 20% long term capital gains tax (plus the Obama care tax).
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Quick question for those more familiar: I know that more and more merchants are accepting bitcoin but is there anyone out there who is working on or has established a bitcoin marketplace yet? There used to be one. Bitmit. But they closed down a few months ago. A centralized marketplace would probably attract scammers and give Bitcoin a bad name. |
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I created a very basic wiki page outlining some notable events in our Bitcoin community's history. Please feel free to make it look nicer and to add to it to provide further information regarding our community and established culture. http://www.bitcoin.org/wiki/doku.php?id=bitcoin_historyVery good information. Hopefully things like this will get bitcoin to become more well know to the public. |
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I agree with Balls.
Ebay is massive. Bitcoin is still to complicated for the average person.
most people struggle with Paypal haha
I dunno why but that made me chuckle. But I also agree with you and Balls  . If bitcoin is taking away some of their business they'll just implement it and reduce their fees accordingly. They'd rather lose a bit of profits than go completely bankrupt or become redundant. eBay and bitcoin do not really compete with eachother. eBay is a centralized marketplace where people can buy and sell goods with a number of payment methods. Bitcoin is a P2P payment network that is decentralized. Paypal is the entity that really competes with Bitcoin. I would find it likely that Paypal would become so unprofitable for eBay in the future that they essentially shut it down and stop offer the "service" of paypal |
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Satoshi is no longer a person.
Satoshi is an entity that does not exist in the real world that helps bitcoin survive it's problems.
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I am doing this currently. At least part time on my macbook.
It does take up a lot of bandwidth and I turn it off when my laptop gets too hot.
IMO if nodes were compensated in some way it would provide a better incentive for people to invest in high quality machines (with high quality internet) to serve as nodes.
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don't some facebook games require you to spend money to get some powerups? that would be a good idea to incorporate it. it's such a waste of money, but people are willing to spend so why not?
I still can't believe people actually pay money for that stuff. They are probably the same ones that invite me to play some stupid game 5000 times a day. That is actually another way that people can earn "powerups" by getting people to play and asking for help from their friends. Some of those games can be very annoying. This is however a great idea of how micropayments could be incorporated into bitcoin. |
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The press usually tries to write at a roughly 9th grade level so enough of their readers will understand what they are saying.
Bitoin is an extremely advanced technology.
IMO the press does a pretty good job of explaining BTC when considering they must write at a 9th grade level even if what they say is not 100% accurate.
What ultimately happens when the press writes about bitcoin is that more people get interested and buy.
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When bitcoin rises it is in terms of fiat.
When alt-coins fall it is in terms of BTC.
In terms of fiat, alt-coins stay at roughly the same price.
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I'll hold it for 30 days free. After that other arrangements can be made to help you secure them. A moving target is hard to hit.
I am not sure if you are serious or not but this would be extremely risky for the OP. |
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any hedge fund manager that places their clients fund into cryptocurrency markets are looking to get fired. However, the reference article really talks more about customers being able to use btc at retail stores. Now if the question is should hedge funds see BTC payment options at stores in their portfolio as risky or smart, the answer is it depends on what the retailers do with the BTC. If they are immediately convert it coin, that would be smart. If they are holding the BTC for speculation that would be stupid. But if they are holding it to pay employee who wish to be paid in BTC that is genius. At this time last year, they were predicting that BTC would be $50K by this time -- off by a factor of 10 and a month. Haha that made me laugh. I bet some of them would still do it - probably the ones that are not performing well and need to get lucky on bitcoin to avoid getting fired anyway. I think hedge fund managers would like bitcoin for ultra high value clients that have already diversified their portfolio as much as possible. Bitcoin provides another avenue to diversify into There was one wall street guy that invested in BTC not too long ago, just before Gox made it's exit, that was around the time when BTC was $700, now he was some young upstart "bringing btc to wall street" I think he brought about $10M to the btc table. Bet he's in rehab and wall street still hasn't stopped laughing at him yet. The wiz kids of crypto will clean wall street out just for the fun of it. Wall Street is not likely to deal with decentralized anything, if they can't control it, and can't control those who control it they want nothing to do with it. There are many people that bought BTC at many prices. The sole fact that people are investing in BTC will give it credibility. |
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A small amount of government regulation is generally good for most industries as it gives it some credibility.
When regulation gets out of hand is when people start to suffer.
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I think grocery stores will likely be one of the last industries to accept bitcoin.
They are simply too low margin of a business to be taking on these types of risks.
Checkout clerks are low wage employees and may not be able to spot a scam when someone says they sent the coins but didn't. Nor would they be able to spot similar/other scams.
They would need to accept 0/unconfirmed transactions as the line must move relatively quickly and waiting even 10 minutes for 1 confirmation would be an enormous cost. This opens them up to potential double spending attacks. The low margins on their products makes this matter more then a retailer that makes a 20 or a 30 percent margin on their goods.
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Most mining manufacturers would be considered a "scam" by most standards as it is not common to request customers to pay upfront for a product that will not be delivered for several months.
This is regardless if the company actually follows through or not.
I understand that the manufacturers used the preorder funds for development, however this is almost unheard of elsewhere in the economy.
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If I give you an address, even if it's a new one, and I someday use that address in a transaction without a mixer, you can follow the grouped inputs to estimate my bitcoin holdings etc. as bitcoin gets wider uses you can probably with little effort figure out what my spending habits are where I'm spending money etc.
People who worry about that can always use addresses as a kind of throw-away payment reference and never use it twice, although it's a little cumbersome to do so. Change Addresses will become more common as clients develop, so that will help in that regard. If you're willing to put the effort in, there are certainly ways to make transactions difficult to track. People are working on things like Darkcoin and Darkwallet, so the fact that it's a priority for some very determined individuals means that any breakthroughs in aid of privacy will find their way into circulation soon enough. Exactly, but to use your example of Dark Wallet. This shows that we are currently Default transparency, optional privacy. I personally would like to see mass adoption of features of Dark Wallet at the protocol level of Bitcoin. Optional 100% transparency, but default high privacy. Even without darkwallet you can pretty easily hide your identity if you simply never reuse an address and if you receive a 2nd payment to an address to simply use a mixer to mix your coins to your "current" address. |
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The number shown is the number of addresses with a "balance" (one or more unspent outputs) as of block 300,000. The total number of addresses which have had a non-zero balance at some point in the past is higher. I don't have an exact count but it is close to double that. If the balance is zero does the address disappear from blockchain stats? Can addresses actually be deleted for ever? If so can the same address be created again in the future? I know we can delete them from our wallet but then what happens to it ? If an address has a "zero balance" it would "disappear" from this particular report, but would still be accessible elsewhere. You cannot ever delete an address. It is necessary for every TX that ever used it's outputs. |
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Banks have a huge amount of regulations they need to follow. If they were to deal directly in bitcoin they would not only be taking on a lot of risk but also be potentially breaking a lot of regulations and attracting a lot of government related (bad) attention.
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If the other spouse can prove that BTC or other assets were purchased (like cash withdrawals, transfers to exchanges) then the spouse that tries this could be held in contempt of court.
IMO this is not a good idea.
Right. BTC must be bought with cash only and with cash you didn't withdraw for that specifically. So it's hard to buy a lot of btc. Even if it was an early adopter that could hide their purchase you would still be taking a huge risk. |
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What will you say than about google doing same today?  Crazy stuff! Moon, here we come!  PANIC BUYING! You will really never see panic buying in an asset that you cannot sell short. This will however help the long term acceptance of bitcoin. |
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