Conducting business.  People paying employees / contractors, hosting, media buys, other services, etc.

So I'm back to fiat then?  Get F'd if you think I'm using HearnCoin.  He can take his blacklists, and shove them.

XT already lost.  The three largest mining pools in China, who own 30% of the hash rate, have already publicly said they're not willing to switch to XT.

Good.  Thank F that's over.

Average block is only around 500kb right now, so there's still loads of time to come to a solution and consensus regarding blocksize before we reach the 1MB limit.

Google Finance has a BTC rate now too:

https://www.google.com/finance/converter?a=1&from=BTC&to=USD

Wouldn't that almost instantly stop this whole blocksize debate, while allowing blocksize to increase without much worry of spam transactions?

A 0.0001 BTC (~$0.026 USD) fee to send an unlimited amount is great and all, and I can only speak for myself, but I'd be just as happy with a 0.001 BTC (~$0.26 USD) fee. Bitcoin isn't designed for 100s of 1000s of micro payments of $0.03 here and there, so people can buy their crappy alt-coins.

I'm sorry, but sending $0.015 is not a financial transaction. That's just a waste. So why not just raise the tx fees to 0.001 per 1000 bytes, which would cut out the spam transactions, and allow blocksize to increase. Isn't that the simplest solution?

I guess it might wipe out a dice site or three, but hardly the end of the world.  It's still only going to be say $0.30 USD to send funds, which is still quite a bit cheaper than say a $25 wire transfer, no?

Because we developed it.

I'm a prime example of who Synala is perfect for.  I need to accept payments online, but I don't want to trust blockchain.info with my funds, or any other 3rd party wallet service for that matter, especially the ones that charge fees.  I'd much prefer to be 100% in control of my own funds, which is what Synala allows for.  Just look at how many people have had funds stolen out of their blockchain.info wallet.  I've been accepting BTC for over 2 years, and not once have I had a single satoshi stolen.

Think of it as Electrum, but for online payments.  Electrum is an excellent desktop wallet, whereas Synala is an excellent wallet you install on your server to accept payments online.

If I remember correctly, back then I was living on a month-to-month basis, so coins generally got spent as they came in.

As for other price fluctuations, doesn't matter to me.  I invoice in USD, get paid in BTC, and earn quite a bit more than my cost of living.  I just pull out the little I need for living, and leave the rest in BTC.  Sometimes I get paid @ $220 and it goes up to $300, and other times it's vice versa, but it all balances out in the end.

This only really works if either, a) you pull the BTC out immediately upon getting paid, or b) earn quite a bit more than you need for living, hence are happy just to let BTC sit there.  Oh, and obviously only if you view BTC as a long-term play, which I do.

http://envrin.com/

That's me.

Yeah, I think in the near future itBit is going to begin realizing they bit off more than they can chew.

Let's compete with SWIFT.  We'll give our product a hip name for competitive advantage.  That sure sounds like a good business plan to me.  What could go wrong?

So itBit is going to wipe out SWIFT, and other similar networks?

Talk about an uphill battle.

Cool article, except I still have no clue what itBit is.

The article didn't really say anything, except itBit is working on some software, and trying to wow large financial institutions.

If you're looking of an online wallet, have a server / VPS, and are capable of installing Wordpress, then I'd highly suggest http://synala.com/

I personally even trust it with my own funds, and Synala is what I use for my wallet.  Why trust a 3rd party with your money, when you can easily and securely setup everything yourself for online payments?

If needed, we can offer professional installation for 0.2 BTC.  Just contact me if needed.

I've been paid in purely bitcoin for over 2 years now, so in that sense, I live 100% off bitcoin.

Obviously, I need to switch it over to fiat to pay bills, buy groceries and so on.  Nonetheless, my income has been 100% bitcoin for over 2 years now.

You may want to take a look at http://synala.com/  -- it only requires your xpub keys, and supports both, standard and multi-sig addresses.

It won't go through previous blockchain transactions to see what money is in your wallet, but it'll definitely track all future transactions with quality.  I even use it myself for my own personal funds.

Does it have a VISA / Mastercard logo on it, and obviously, CC#?

Include the private keys in your will, and pass them to whoever you're handing down all your other money to.

How much was stolen?

Who do you live with?  Do you maybe have kids or roommates that are low on cash?  Do you ever step away from your computer to goto the bathroom or get a drink while logged into your Blockchain wallet?

That would explain it, including why it was only 1 BTC instead of all 14 BTC.

http://synala.com/

Free, open sourced on Github, and provides everything you need, including a hook system to run additional PHP code when new deposits come in, funds are sent, etc.  It does require Bitcoin Core though on your server, as that's simply still the best and most reliable way to watch the blockchain.  Aside from watching txs flow through the blockchain, and broadcasting sends, everything is done in-house (address generation, creating & signing txs, etc.), and all the PHP libraries are well commented if you're using it for learning purposes.

I don't know, but I have over a dozen instances running on various servers across the world, and we've never experienced a problem.

I guess I should note, all servers are CentOS.