Bitfie, here's my Stiffie ( 0.00010000 )
It's worth a towering 5.91 cents, and rising. As you can see, I'm no shrimpie
You've got a lot of balls donating that amount...
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You two have been doing this many cash transactions without FinCEN compliance data on file? You should be happy its taken this long.
We have never made any cash transactions.
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They are not backed by anything. what THAT is the point of BTC.
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Sorry I couldn't post this earlier Charles St (BitPay) Rassah, You will need to apply for a higher transaction limit at http://bitpay.com/merchant-compliance. We require some additional information from you that we will need to review. Once we've done that, we'll approve you for a higher limit, which will resolve this issue. Thanks for reaching out. Sincerely, Charles St Client Support Engineer BitPay, Inc. I gotta say, this really sucks, considering we're doing $1,000 every time. I wonder if BitPay would object to 10 $100 donations at the same time? (Or if they even support it).
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Bitcoin will never become stable because its not tied to any material, accountable value beyond supply-demand and it doesn't have a central bank to support it and make swings less volatile... A god example would be a garden without a gardener, no matter how good it is underneath, someone has do to the necessary house keeping to keep it in shape.
Dude, I think you may be on the wrong forum
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You could probably find a small use value also in bitcoin. I can only think of bragging rights for having mined a large number of coins.
I would posit that bitcoin's use value comes from it being the only token that is usable on the enormously valuable bitcoin network.
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You back a money like you back a leader; neither count without believers, otherwise gold would just be shiny yellowish metal and a leader would be a regular Joe. In the case of money, a backing is a measure of how many people endorse that object as their choice of money.
I have already explained to this board what backing means. No need to make up your own definitions, just so that bitcoin fits in nicely. Backing is a guarantee (strong or weak) that the medium of exchange will retain its purchasing power. And as I said, that is not the generally accepted definition of backing, and is just another definition that you made up. I think what you said is typically called "guaranteed future purchasing power" (I don't think there is a word for it), and backing comes from a verb to back, meaning there is someone or something doing the backing. What you described is basically just everyone's hope about how things will be in the future, not actual backing by some entity or mechanism.
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Both the banks are in Slovenia. Your mom should have a look at her monthly statement (or at her e-banking interface) and see the factual bank's name.
If it reads ''Creditanstalt'', then she should contact her bank and request the money back or be resend to the correct bank.
If it reads ''Unicredit'', then Bitstamp and / or its bank may be at fault.
Update: We checked the wire receipt, and it was sent to Unicredit. Bitstamp asked mom to order a "wire trace" to see where it went to (about $40). Will let you know what we find out (at this point this is more of a learning excercise for anyone else who runs into this problem, as opposed to a concern with Bitstamp).
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Today I learnt furry speak.
:3 (<-catface)
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Yes, and they will starve and die. Or become desperate enough to survive to figure out how to survive. So what?
And you believe those mases of people will just stand and watch how invisible hand of the free market dictate who lives and who dies ?? Talking about religion and fanaticism .... Whom are they going to be pissed at? "The Economy?" Down with the economy, and technical innovation, and robots, and cell phones, and the whole internets! Yeah, I don't think so.
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Bitcoin crash? Anyone?
Actually, I take it back. At least I'm not *IN* China.
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Try to avoid anything with the words "bit" or "coin" in it, since those are way too overused, and will cause confusion for your store. Since you are a drop ship affiliate, you don't even really need to focus on digital currencies for a name. Also, most of us don't speak Turkish, so can't help with wordplay
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I would. And if the picture is from behind, you'd probably think I'm a chick.
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Istanbullion (like gold bullion)
What do you mean by sell? Reseller? Actually have items in store? Marketer?
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If you ever see me posting late at night, between 10pm and 2am, there's a good chance I'm on my tablet, stuck on a crapper for hours, not being able to tear myself away from here.
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I'll bite and view the video. Please, Jehovah, don't disappoint me. It's a cute f'n donkey! He's like, "No, I don't want to go. " And you're like, "Bitch, I can wait all day..." And he's like, "NOOOOOOOOOOoooooo aw alright. I'm bored anyway " And the dog is all bark bark. It's frikin' great!
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Ask yourself this simple question: Why back anything?
To establish trust in that thing, through transference of trust in another thing. Why the call for backing?
General goldbuggery (yes, I am sticking the UK version of the verb "bugger" in there) You have not added to my post, merely restated its content (albeit poorly). I'll expand, then, by adding that if something doesn't require trust, it doesn't need backing, and reemphasize that value can not be guaranteed in the future. Though it can be diversified, such as by backing with multiple commodities in case one drops in value, or have multiple parties backing the same thing.
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Ask yourself this simple question: Why back anything?
To establish trust in that thing, through transference of trust in another thing. Why the call for backing?
General goldbuggery (yes, I am sticking the UK version of the verb "bugger" in there)
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