When I have time in between obsessing about Bitcoin, I take photos and sell them:



Fine Art America is a very popular website which takes my digital images and uses them to fulfill print and product orders anywhere in the world. Which is handy because I don't really like sending mounted prints across the pond, especially not if they're framed.

Now, FAA are a little stuck in the 90s. I'd love them to accept Bitcoin and I am about to ask them. I know what the answer will be however!

But if they suspected that buyers would want this facility then who knows - money talks after all.

I'm implementing a simple cart on my website which will take BTC orders but this denies me the functionality of the FAA website, ie. customers being able to visualise exactly what their finished product will look like but in the meantime I have to rely on FAA

Anyway, please take a look:

http://fineartamerica.com/profiles/tony-coleby.html?tab=artworkgalleries&artworkgalleryid=296435

If there's a print you'd like from my gallery, why not email them and ask if they have plans to accept Bitcoin. I think the only way to do it otherwise would be for a customer to make their selection then I invoice them in BTC. Awkward but I pledged to accept BTC in my business as much as I could.

I'm willing to bend over backwards to start selling to international customers in BTC so would do all I can to make this work including taking payment in BTC and placing in the order for you in USD/ EUR or GBP.

This is a genuine question. I've been thinking a lot about how the ease of buying BTC with USD no doubt fuelled its uptake and eventual price spike. Things are changing now and again we have to look at the bottlenecks of global BTC uptake: a flaky exchange in the form of MtGox and an increasingly-hostile US government.

It seems to me that in the near future, a hedge against US meddling might be to have a European exchange which does NOT TOUCH USD but does business in EUR, BTC and perhaps LTC. Drop the dollar, drop the junkcoins.

Site it in Switzerland, Luxembourg, Malta, anyone of the financially-liberal countries which doesn't look like it's going to tank.

I wonder, though of course figures can only be guesses due to the mostly-anonymous architecture of cryptocurrencies, how many people who hold or trade BTC actually have USD bank accounts?

Half? More, less?

My point is I think there is enough non-USD fiat to support this kind of exchange. The days of thinking "international business" equals "USD" are slowly coming to an end, in fact, is this not core to the very idea of Bitcoin?

This is a brain dump really and I know there would be massive hills to climb to get something like this up and running but I fear that the land of the free will do all she can protect the position of the almighty dollar in the global economy and this would be a way to pre-empt that.

+1

This can only get worse.

There's nothing like a decent bit of well-considered speculation argued in an eloquent way.

I guess you're fresh in from the Trollbox?

I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p

I'm not really a predictor bear in mind, more of a summariser of what's gone before.

PM'd: might be able to help.

In other news, seen the MtGox/BTCe gap lately? About $14, at one point about $17.

We're being played.



10K Bid @ 118 v 5K Ask @ 120 - nice round figures

Despite or perhaps in spite of, what others say I find it increasingly difficult to dislike you.

Yes was chatting about this today, people ask: well what IS this Bitcoin then? Is it a stock? Is it a currency? Is it a pyramid scheme?

It's difficult to tell them succinctly what it is and why it should matter to them in one of the three without crossing over to another.

Thanks for your feedback on the charts though, things move swiftly and we need a daily snapshot of where it's at.

I'm thinking $120 is this kind of wall:

A valiant attempt but $120 isn't dead yet.

The angle of the line, sure it's written in BTC's history now, we can refer back to it.

I copied and shifted it, moved it down to match the last two lows and hey-presto, it seems to become more useful.

After we've paused for breath so-to-speak it will be interesting to see which (if any) line serves as a guide.

I think we need a European exchange, not touching USD at all, situated in Switzerland or Luxembourg to rival MtGox. I do not trust the US not to meddle with Bitcoin.

As someone who lives under the curse of all my accounts being in GBP, I am already in the situation that my BTC are at least 2 steps away from my hands, ie. BTC -> USD -> GBP.

I'm opening a Euro account to make this easier (fortunately the UK is still a member of the EU regardless of what those UKIP morons think).

My main fear with BTC is not that it will die or be killed but simply that it depends on USD too much which seems to be against one of the major raisons d'etre of Bitcoin in the first place. If that link is severed, most of the trade will need to reroute with another fiat currency.

I'd like to store my cash as BTC, spend it as BTC just as if I had a savings account in another currency than GBP.

Would I try a low-down dirty trick like that?!

I think we're genuinely in uncharted territory now (no pun intended) where the past is interesting and all but overlaying previous post-crash charts over this one is just useless.

One thing's for sure, this is NOT a 2011 post crash months long slide.

I'll say again, I'm really impressed we held above $100 after many were tempted to sell the news a few days ago.

If we don't break below $100 by the end of May it is clear that we value BTC in 3 figures with PLENTY of upside.

I've also noticed how all the other altcoins have had a shitty ride recently, mining LTC as I do has become almost useless though it still pays more than the electricity so I'll keep on doing it for now.

At one point I earmarked LTC as the only viable rival (I saw it more as a partner) to Bitcoin but ultimately BTC is the daddy.

My 7950 Windforce 3GB OCs manage 610-630 kh/s each and I don't overclock or undervolt.

I suspect the main trend I've been looking at is now only of historical interest and we've departed from any meaningful reference to it.

Personally I will use it as a measure of how bubble-like the market becomes if we ever see something similar develop again.

Ie. 1.86% growth day-on-day HELD for around 9 weeks. Who knows, it may be months, years before we see it again but as long as Bitcoin is alive, be ready for it I reckon.

Quick, not a wall chart but considerably less off-topic than the last few pages



I don't think my blue line holds any more unless it is shifted downwards, this phase is most definitely post-crash.