It can be done, but it would potentially cost tens of billions of dollars for one person to buy up that much coins, as the last few thousand/hundred coins will be insanely expensive.
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I ordered a pack from them on Dec. 19th, still have not received as of today. Multiple emails sent, no response.
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thanks please notify, I was wandering about how they would provide the withdrawal of funds.
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I don't think that's the right comparison, in the end I had to pay .6%+0.25c just to own the BTC. With paypal, it's completely free to own paypal USD. The btc fee advantage comes when conducting transaction. Paypal charges the 2.9%+.30c in transactions. Right now you don't have to pay a fee to conduct btc to btc transactions, though I imagine this will change in the future once mining no longer produce much coins. Which fees?
Fees for convenience? Bank->Dwolla = free Dwolla->MtGox = $.25 MtGox->BTC = typically .5% to .6% for majority of users, I imagine Total exchange fees for Bank(USD)->BTC = .6% + $.25 Fee for transaction in the same currency using Paypal? 2.9% + $.30 Edit: I should have been more clear. I was trying to contrast the fees of going the slow route (Bank->Dwolla) vs. the fast route (buying BTC with PPUSD or something)
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I think the most important reason is bandwidth, they don't want 24/7 bandwidth hogs, and torrent users usually fall in that category. VPN are meant to use for web browsing and occasional file download.
A VPN provider that allow torrenting, would either charge a much higher fee, or go out of business very soon.
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There's nothing stopping the Gov't starting their own google.com or facebook.com, it's not difficult given their near infinite resources. But can they compete with the original? the answer is probably no.
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I usually just tell them it's going to be the internet's currency
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There's virtually no need to recover the lost coins. If 1 BTC become too valuable to be a standard unit, then we'll just use 0.01 BTC as the standard (and give it a name too, like 1 satoshi).
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Seriously, anyone who trusted mybitcoin with significant amount of coins deserved to lose them. Online wallets are good only if they are backed by a known company, and even then, I'd still use local wallets whenever possible.
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Why would this create more problems? I personally have 5 bank accounts at 5 different banks, precisely for this reason. If one bank give me shit, I just remove the funds and deposit in another bank account. what if you used a number of banks, with a few accounts with each bank? if Bank 1 wants to be uppity and reject your business, you still have banks 3, 4, and 5
This would create more problems than it solves and attract unwelcome scrutiny.
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This is NOT allowed at stackoverflow, it's a quick way to get your question removed. The only thing you can offer, is your own reputation point as bounty.
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Btw, does your website update btc pricing depending on current exchange rate? it seems the btc price haven't changed to reflect the price movements.
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feedback: I got what I ordered, in good condition and good time.
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blacklisting is never a good idea Why did tradehill decide not to cooperate with this blacklisting thing? Was it the moral hazard?
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It's currently selling for $4.99 on steam, just FYI, you are asking for around $18 for a $5 game on steam (which is full priced $10 when not on sale)
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Selling guns past state border, witihout FFL and proper reporting, is a federal felony though. Selling gold is legal, but the government is able to track sales and audit you, that's all. The same could be said for guns. Just saying.
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I approve I'm with you. Just emailed them some Bitcoin. They may not think they're accepting it, but they've now got some!
I love that solution. "Oh yeah, don't accept bitcoins? BAM now they're in your inbox!! Whachu gonna do!?"
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Your "click to calculate shipping" button don't work, always show "Standard Mail: 0.00฿", but would show the correct shipping charge on the next screen.
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They need less than 20,000 rigs to do that, which cost $20 million dollars. Chinese government's annual tax receipt is $1.5 trillion dollars I'd like to see them try. They'd need a lot of computers to do that.
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I pay for electric, that's why I stopped mining recently.
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