Has ursay (or any other bitinstant employee) actually resolved a single problem on this thread? All I see is replies saying their problem has been escalated; I've yet to see anyone post saying their issue was resolved.
Is bitinstant actually solving issues? Or are they just stalling while they "escalate" the problems?
Like everyone else on this thread - I'm waiting for my coins (or money back). I am pissed off as anyone, I've left 5 voicemails, 100 e-mails... nothing. Ursay though, is the only one I've seen from the company working his ass off to try to fix the problems that are coming in quicker than he can grind them out. He's working 24/7 and doing more than anyone else I've seen. Try to cut him some slack. He is a hard worker for a shitty company. Hate the company, not the hard working employee. Look at this chart...  This is potentially how much money is at stake here. Time is EXTREMELY important for customers buying Bitcoin. |
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It's looking like it could hit 10k by the end of June.
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It will stop when people will say "no, I will not pay that much for a bitcoin".
And that will never happen. We will buy mBTC and then whatever next. 1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money. |
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It's not too expensive. Buy mBTC.
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Count me in.
Have you considered starting a project on a crowd funding site like kickstarter ? With all the news around BTC at the moment I think you could get a large amount of funding rather easily.
Not a bad idea. You could perhaps give away Bitcoins to people who pledge a certain amount or perhaps give away some of these Memcoins. |
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so this would NOT include avalon chips? do we have any idea what they may cost per chip? also, what would your set up run, per 2.5 ghash? in short, would it compete favorably against bfl's supposed prices? not that i trust bfl to ship mind - i just want to know if i'm looking at a couple hundred bucks for a miner or what.
I'd be willing to pay a couple grand. What could I get for that? |
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I think the majority of us agree -- it should be a simple, "idiot proof" device. Plug-n-play with the software integrated would be great.
Major stumbling block is sourcing ASICs. Not much response on that front from Avalon. They may be more forthcoming once their next generation chip is out.
What probability would you give to a kickstarter project for building ASICs and simple mining devices getting funded? Any other ideas?
Kickstarter is a great idea. Do that. |
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Are you a newcomer to Cryptocurreny? Don't have enough BTC to pre-order an Asics Machine? Don't like taking such a huge risk? Well... I have been in the bitcoin game but recently cashed out when it was $94/BTC. I only have 17 coins left. Assuming there will be another Batch for Avalon, I am looking for people to chip in. I will personally use my remaining 17 coins for this batch. I am looking for people similar to my situation (not enough BTC or don't want to take such a big risk). Read the following terms carefully before investing with me. You are basically buying a piece of an Avalon ASIC that I will host myself for a small fee. Why you should trust me? I have been around these forums and have a good standing with the community. I have traded over $15,000 worth of bitcoins (I can provide proof). With newer technology (ASICs) my graphics card miners don't seem to put a dent in the harder difficulty and I can no longer afford to rebuy my sold bitcoins to have enough for an ASICs machine so I'm sure most people are on the same boat. Terms:- Dividends will be payed monthly to the Bitcoin address you send your original investment with. (Make sure you can both send and receive Bitcoins from this address!!)
- Before dividends are divided up and payed, electricity costs (~.12 Kwh), a 3% hosting fee, and the pool's fee (yet to be determined) will be taken out of the net profits.
- Shipping costs will be taken out of the first dividend payment.
- Dividends will be paid proportionally according to each investors initial investment [investing 1 BTC in a 75 BTC ASIC gets you 1/75 of the profits (after subtracting electricity costs and a 3% hosting fee).]
- If there's not enough Bitcoins collected to buy an Avalon ASIC, then all funds will be immediately refunded to the address with which they were sent.
- If I collect enough funds for more than one Avalon, then I will purchase however many the group fund can afford.
- Any left over funds collected will be refunded to the last investors in line. Unfortunately, those investors left out will not receive any portion of dividends (for the amount they were refunded), but nonetheless will be refunded 100%.
- I will use this thread to keep investors updated for now, until a better solution is determined in the near future.
How to invest:Please note: You do NOT have to send any BTC right now. I would prefer it if you send it a week before pre-order date (if any lol)- Minimum investment is 1 Bitcoin
- Send your investment to (removed for now since we're just planning this)
- Reply with the Bitcoin address you are sending from and the total amount you are investing.
- I will confirm in the OP that you have payed and reserved your shares in the group buy.
People who are interested:- 17 BTC - Me
- 10 BTC - rttnpig
Total: 27/75 BTCcopy and pasted some things from: https://bitcointalk.org/index.php?topic=157930.0  Okay 1BTC. Sounds like a good deal to me. What about the logistics? |
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Okay here is a flaw in your design. You trust your printer to print your keys and not report back to mallory.
Can you point to any documented examples of similar exploits? I am thinking about home inkjet or laser printers, not the enterprise copier/printer/fax/scanner networked machines. Speaking of home printing, everyone should know that many home printers include steganographic serial number in the printout, but that is irrelevant for the tamper-proofness of he design. Do I win a prize in BTC if I can? I know plenty of not so well known exploits and not just with printers. |
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It's been a week and I still haven't received my BTC. BTC is at $211 now! Think of all the money I've lost.
This is not fair for a service calling itself "Instant".
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Now that I know about Bitcoin... We need BTC at 4$ again... right.  This is the way I could invest round about 60$ and hope for a new price rise and then having a better gameplay and much more fun here.  I can understand if some people would like to stone me to death now. Anybody else with the same problem of being here too late? Just move the decimal and it is. 0.02 BTC is about $4. |
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It's swinging now because it is still in price discovery mode. Whether it is going to be $1 or $1,000,000 one day it's going to reach equilibrium.
Yes, equilibrium. That's EXACTLY what Bitcoin needs to be accepted as a currency. But when will that happen? For all we know, that might not happen until 2140, when the last bitcoin is mined. I would love to see Bitcoin become a currency, but it needs to hit that equilibrium point. How can we make it get to a point of equilibrium sooner rather than later? Why does it need to be "stable" beyond a reasonable degree? Like we can determine it's not going to likely crash below a certain point beyond a certain market cap. Sure it can, but the dollar could crash too. Right now there is a lot of uncertainty because it just launched. Also not enough people are using it for us to know what it's worth yet, but we will know in a few years and then these sorts of discussions make more sense. |
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I had lots of fun this weekend working on my own design for a two-sided tri-fold tamper-resistant paper Bitcoin wallet. Thanks for any and ALL criticism / comments -- whether it's about the look & feel, functionality, security features, etc. See: http://youtu.be/V4H1VE3EAtIThis video is also a treasure hunt in which I happily invite you to “steal” 0.1 BTC . Finders keepers, so race on! Design features: - Private key is hidden behind folds, so your wallet content is still safe if left out in the open or photographed.
- Tamper-proof tape indicates when you (or someone else!) has revealed the private key.
- Folding design obfuscates private keys so they’re hidden even when holding wallet up to a bright light.
- Reverse side has basic wallet operation instructions and a register for writing down deposits / balance.
- Private and public keys are replicated (and rotated) in triplicate to maximize chances of recovering keys if paper is damaged / crumpled.
When I’ve got enough feedback and a final design, I’ll publish a web page that will generate these wallets with just a couple of clicks. (No photoshop required, as the foundation will be based on the excellent wallet generator at bitaddress.org which as you probably already know uses a secure javascript page you can run even while offline.) If you'd like to print out a sample for yourself, see PDF links here: http://cantonbecker.com/projects/2013/bitcoin-paper-wallet-design-video/. Okay here is a flaw in your design. You trust your printer to print your keys and not report back to mallory. |
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Right now we have a problem. Bitcoin's price is rising so fast, so high that you would be silly to spend any of them on goods and services. Yes, downright stupid. $15 in January, $60 in March, $160 in April. At this pace we're looking at well over a thousand dollars before the end of 2013. Parting with any bitcoins now is leaving a huge wad of money at the table and literally walking away.
One can look at the trade volume on MtGox as evidence that people are spending, but it must also be considered that people are rather speculating and trading. One side wants to get out before a probable bubble pops, the other side wants to buy as many as possible and dump before the bubble pops. WHY ON EARTH DO PEOPLE KEEP SAYING THAT NOBODY IS SPENDING BITCOINS?  It just keeps popping up... and I can't for the life of me figure out how we come to this conclusion. Bitpay is getting a RECORD number of new merchants, and their sales figures are increasing at a record rate, so it's not just merchants signing up for an unused service... it doesn't even matter whether or not the merchant cashes out to USD; people are SPENDING BITCOINS. Sure, it sucks when you buy something with bitcoins when they're $24 and then at $150 you think of how much more money you could have... but what are you going to do, throw every single cent of FIAT at MT. GOX and live in a cardboard box on a hunger strike until bitcoin hits $1,000,000? DUDE, THAT'S SO TOTALLY NOT HOW IT WORKS. (Is anybody doing that? PLEASE tell me if you're doing that, so I can laugh at you, for being the one idiot that doesn't spend during deflationary opportunity) Your theory is whack because it is based in a Paul Krugman wet dream fantasy world where people don't spend deflationary currencies since they will be worth more in the future. People are human, they have needs that must be fulfilled in the PRESENT MOMENT. When the need for something in the present moment surpasses any potential future benefit of putting off that need, the person will seek to meet the need in the present. Sure, I'll give you this: The faster the currency deflates, the saving:consumption ratio increases. But we're not at a point where nobody's spending bitcoins, because if that were the case, NOBODY WOULD BE SPENDING BITCOINS. By the way, the charts above say this a little better than my violent stream of arrogant language so I apologize. The problem you describe - we simply don't have this problem right now. When bitcoin starts going up 1000% a day then maybe people will start throwing every cent of fiat into bitcoin and living in cardboard boxes - then I'll concede to your superior logic :-P People are spending bitcoins. So, Q.E.D. wipe Krugman's inflationary emission off your face and buy something with your bitcoins. Transaction fees = spending Bitcoins. |
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...you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.
This. Encrypted money. This is why Bitcoin is worth a trillion dollars.
Exactly. It's actually encrypted money that can be sent over the internet at ridiculously low cost. It's also a great store of value, in that it's scarce, with a predictable and honest rate of creation. It's also a payment processor, far more honest and efficient than anything Western Union, PayPal or any of the others have offered us so far. If it achieves just one percent of its potential in any of these three areas (or one third of one percent in all three) it will already be worth more than 1 trillion dollars. Yes but it's not invincible. It will eventually either be taxed or banned. Governments also have trained expert hackers who will steal your money in civilized governments and in uncivilized places you'll be arrested and asked to open your wallets. Extortion will also happen in the form of mafias which actually act as government. |
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There are now countless threads talking about "where is the support for this price?" And the press calling it a bubble because there is "no support for the price".
Well they are all wrong. The support for bitcoin is the most obvious part, yet no one publicly mentions it.
Bitcoin is encrypted money. Money that you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.
This. Encrypted money. This is why Bitcoin is worth a trillion dollars. If we never spend it on groceries, but hold it like gold, it will still be worth a trillion dollars.
Because bitcoin is the fulfillment of the internet and digital manifest destiny.
Security through numbers, freedom through cryptography.
Governments can torture so no, encrypted anything isn't a threat to any government. It's only going to increase risk to yourself. The best bet is to accept these risks from the start and assume there are no secrets which are kept from governments. The goal should be to make governments accept cryptocurrencies not fear them and to move to governments and countries which are more civilized. Nothing stops governments from arresting people and torturing them into paying taxes so its easier to just pay the tax up front. Just pay the IRS. |
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Hi,
Well for all the plusses, all the hype, all the talk of global change. There is ONE SMALL chink in the bitcoin Armour. For all the zero transactions, anonymity, security etc etc
IT IS TOO DAMN SLOW !!
Unless bitcoin can match paypal/credit card for speed of use, all the pluses will be forgotten as joe public is left waiting for 10 mins, 2 hours or even the next day wondering if his/her bitcoin transaction has confirmed.
Seriously, in light of the massive surge in bitcoin, currently driven by hype and stock broker mentality buying and speculating. IF bitcoin is ever to take over paypal and its other cronies, we need to be as quick.
Or, it will forever flounder as an experiment, great for blackmarket, some merchants will offer it but...that will be its zenith reached.
The whole concept of online transactions is INSTANT. SPEED, ONE CLICK...JOB DONE.
Bitcoin cannot offer this as the current rate of how the block chain works.
Thank you for you purchase, you might have the auction you wanted, you may have got the domain you wanted but give us a few hours or well, could be 10 mins, could be tomorrow and we will let you know if your transaction completed in time to get the purchase you wanted.
Ya righty !!....Ill use paypal or credit card.
Try using Paypal to make micropayments. Try paying websites cents on the dollar to access them or fractions of a cent and see how those websites feel about their long term profits from that. Bitcoin is a different story. You pay a site fractions of a cent in Bitcoin and at the end of the year it's dollars. |
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Wow! Just checked my email and I got an email from bitinstant. Checked my order status and it says it has been executed.
Should be getting my coins in an hour or so..but everything seems to be working fine now.
Mine came through too. Except at a price higher than what I paid... Lost another $8 on top of fees. I seem to be repeating the same things over and over. Please read my posts guys. If you have an issue with your order let me know if you'd like to submit another support ticket. This is the process we use to HELP YOU!  Put instructions in your profile signature so you don't have to repeat yourself. Then every post you make will include instructions. |
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I'm sad to hear BI still having problems.
I need instant bitcoins today. What are the alternatives to bitinstant? I'm not going to wait around for days again while BI scrambles to cover the funds.
https://localbitcoins.com/ |
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The only thing worth spending Bitcoin on is getting more Bitcoin.
Invest it.
It's also probably a good idea to spend Bitcoin to protect Bitcoin.
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