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Jesus Christ himself was gay until that prostitute came along.
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This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction.
It's really easy to buy BTC now. So buy it and stop complaining.
Point me to a website where a Canadian can buy bitcoin easily from home at a relatively low markup. |
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Interested in purchasing it all but your non-trusted feedback is terrible.
lol dont even understand what this means! Also, Im meeting personally to hand over the cash so where's the trust factor here? Personally i would be afraid of getting knifed  |
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Interested in purchasing it all but your non-trusted feedback is terrible.
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I am from Canada and have yet to find a method to buy bitcoin.
cavirtex - pain in the ass. sent them my id front and back, copy of bills proving my address, linked my bank account. e-Interac is advertised on their website but does not work, when i attempted this it said that my account was not "Stage 3 Verified" They need me to submit a per-authorized debit form for my linked bank account. Fuck that.
circle - not available to Canadians.
localbitcoin - nobody in my small town is selling bitcoin. Even if i drove an hour to the closest major city, the prices are very steep.
bitvary - Tried $100 worth as a test but haven't received bitcoin. Will use paypal to dispute purchase shortly.
In the end, why would any Canadian want to use bitcoin if:
1 - Its is a huge pain in the ass to purchase them.
2 - Purchasing any large amount is a major risk.
3 - You lose 15% of their money in the initial purchase due to the markup the seller is charging.
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 All we need now is some pics of Alexandru Sovu |
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So now you want to get rid of bitcoin as well. ... You introduced the idea of going to small units entirely, and I merely adopted that notion for the shake of argument, to show you how we don't need a special word for 100 satoshis. Fair enough. ...What do you think would happen if you asked the general public to drop the dollars and only use cents? This comparision is invalid. You just can't equate satoshis and cents. Here's the reason: A cent (as in percent) implies being a fraction of something. Therefore, a cent is not a thing itself, but merely a fraction of an other thing. For example, a dollar cent is a fraction of a dollar, a euro cent is a fraction of a euro, and so on. A satoshi is a thing of its own. Satoshi is a proper noun. The word "satoshi", by itself, contains no reference to being a fraction of a bitcoin. The term "satoshi" is on the same linguistic level as the terms "dollar" and "euro". One could even think of introducing a "satoshi cent", which would obviously be one 100th of a satoshi. (Currently, the blockchain doesn't allow transacting individual satoshi cents, yet the protocol could be extended to do so.) The comparison is fine as this is still the wild west for bitcoin and we can do whatever we want. As for the dollars to cents idea, the general public would likely laugh at it because it is ass backwards from what they are used to. If a cent is not a real thing and was merely a fraction of something larger, why would the US government mint a coin after it? They should have cut up 1 dollar bills. As for the Satoshi, it is a fraction is something because 8 places in front of it there is a decimal. We need 2 units, only the bitcoin will not be one of them. ... So now you want to get rid of bitcoin as well??  Yes but right now the value of bitcoin isn't high enough to change. In the future when the value it growing there will be a need for a new unit, and it will not be the Satoshi as it is too small. ...As soon as you tell them that a bottle of coke costs 45 bits plus a handful of satoshis for tax, the 2 unit setup rings a bell as something familiar. My aim is not to make it sound as something familiar, but to find the least confusing way of quoting a price. And yes: More units means more confusion. 4 567 satoshis is easier to understand than "45 bits and 67 satoshis". Less confusing to newbies and more awkward for the general public to use in the future. |
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I'd like to coin Centoshi for 100 Satoshi.  winner winner, chicken dinner! i love it Its good, but i think Centoshi will be easily confused with Satoshi because it sounds so similar. Maybe if you had a Toshi and a Centoshi.... |
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I agree that we only need 2 units of measure, ... We only need 1 unit of measure. So now you want to get rid of bitcoin as well. What do you think would happen if you asked the general public to drop the dollars and only use cents? We need 2 units, only the bitcoin will not be one of them. A "bitcoin" will be so huge that only the wealthy will own them. It will be somewhat of a status symbol, kind of like being a "millionarie" in todays world. It will be more of a term to describe the protocol. For the general public we need 2 units: Bits/Mikes/Fins whichever we agree upon. This will be .000001 unit. and Satoshis. 100 of which will fit into the above unit. This is a sensible way to rollout bitcoin to the general public. As soon as you tell them that a bottle of coke costs 45 bits plus a handful of satoshis for tax, the 2 unit setup rings a bell as something familiar. If we tell them that bitcoin doesnt have a "cent" unit at all they will compare it to places like Zimbabwe that suffer from hyper inflation. |
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We really do not need a special name. Having too many names for various units of measure for bitcoin will only confuse people and will likely slow adoption and slow down the time it takes for someone to pay from the time they are presented with a price to when a TX is sent as people will spend additional time calculating how much to send.
Remember that with dollars, there are only two units of measure, dollars and cents
I agree that we only need 2 units of measure, but in this case the decimal is placed 6 spots too far to the left. a Big Mac meal costs about $7 At $325 per bitcoin that big mac meal costs .02153846 bitcoin. Someday in the future, at $3250 per bitcoin it will cost .00215384 Our children might be paying .00021538 The more its worth, the less sense the curent system is going to make. We need to move the decimal. |
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I agree with most of your posting. Except I don't understand the red part.
Would you care to elaborate: Do we really need a special name for 100 satoshis, instead of just calling it... "100 satoshis"?
It is because people are familiar with having a unit of currency that can be used for everyday purchases, but in some cases broken down even farther to be precise. $1 = 100 cents. In the future bitcoin will be worth so much, that we will be buying items in stores with fractions of a bitcoin. .001 - .000001 range. Imagine buying a new computer chair tomorrow and being asked for 20999 cents? No, the chair is 210 dollars. The cents are simply irrelevant in larger purchases. Because of this, we need an alternate unit to be used when satoshis don't matter. |
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I think you're after this. There it is. A little different than i remembered. My thinking is that if we go with the bit, the satoshis become the "cents" to the bit. Bit just makes sense to me. Its easy to say, and its a "just a bit" of a bitcoin. If we dont migrate down and make the 100 satoshi unit the new standard very soon, society will be forced to relearn the new unit of measure every few years because when the price doubles or triples we will start dropping decimal places. If i go online and see a computer for sale for 4,600 satoshis, I can compare that to a tank of fuel that may cost 900 satoshis and get a sense of value. .00004600 is just difficult to compare to .00000900 because of all the decimal places. |
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If you have purchased any equipment from Black Arrow Software, here is how to file a complaint with the Hong Kong Consumer Council The company is registered in Hong Kong, so the proper agency from what I have been able to find out so far is the Hong Kong Consumer Council. They request some documents and need to establish that this is a Hong Kong registered company before they will agree to pick it up, therefore: Send the annual report http://www.filedropper.com/ps30001577654901 along with the documents they have requested. Those documents are: 1. The invoice showing you paid 2 your bank or payment records showing the payment 3. any e-mail or support discussions you've had 4. The annual report referenced above. Here's the link to file a complaint if you decide you want to do that. https://www.consumer.org.hk/cc-complaint/index.php?lang=enAlso indicate that their TOS indicates Hong Kong law. 15.2 Applicable law and dispute resolution 16.2 1 This Agreement shall be interpreted and applied in accordance with the law of Hong Kong S.A.R. of PRC. Black Arrow LTD Room 1701, 17/F, Henan Building, No. 90-92 Jaffe Road Wanchai, N/A Hong Kong PHONE: +852 8199 0849 Other forum users who are in on the scam. Lexx2k David105396 Bobsag3 |
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The only problem with Bitcoin is the ever-fluctuating exchange rate, making it risky to own Bitcoins instead, especially if you're living paycheck-to-paycheck.
Volatility is normal for something with a small userbase. As the userbase grows in the future this will become more stable. Kind of like owning a penny stock, compared to owning stock in a huge company like Google. |
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We're not comparing BTC to USD, we are comparing DRK to BTC.
We're not comparing DRK to BTC, we are comparing BTC to USD.I fail to see where anyone was putting a crypto currency up against the USD in this thread. |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices  Bank system is so bad.. Well the thing is that if your bitcoin is "hacked" (aka stolen via malware/keyloggers/otherwise) then your money is gone forever and will likely not be able to find out who stole you money. With a bank account you are not responsible for any unauthorized withdrawals Give it time. In the future banks will accept bitcoin and they will be responsible for protecting our savings. For now just keep your stuff in cold storage and offline where hackers can't get at it. |
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I fail to see how any anonymous coin will ever thrive. While it may be fun to mine and buy drugs with, it will be stomped into the ground by law the second it gets any traction because it is difficult to track/regulate/tax. Buying drugs is fun and all but its not enough support to rival litecoin or bitcoin.
I think the reason Darkcoin reached as high as it did is because it was the first anonymous coin and had alot of excitement behind it which drove up the price.
I fail to see how Bitcoin will ever thrive. While it may be fun to mine and buy drugs with, it will be stomped into the ground by law the second it gets any traction because it is difficult to track/regulate/tax. Buying drugs is fun and all but its not enough support to rival USD or EURO.
I think the reason Bitcoin reached as high as it did is because it was the first crypto coin and had alot of excitement behind it which drove up the price. We're not comparing BTC to USD, we are comparing DRK to BTC. |
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