Yugioh The Abridged Series!?





Doge me up!
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doge coin was much more fun when everyone spoke doge  


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What does star by name in pool mean?

koala!

I'm pretty new to Bitcoin and such, and just trying to understand Bitpay a bit more.

So a Merchant makes an account with Bitpay so that they can accept payments from consumers who use bitcoins.  When the consumer pays bitcoins to the Merchant's Bitpay account, Bitpay immediately exchanges the bitcoins for USD (or another currency) and deposits the USD into the merchant's bitpay account; this eliminates the risk of volatility associated with Bitcoin for the merchants.

Where does Bitpay get their USD?  Do they immediately sell the bitcoins that they receive during the transaction so that they have USD on hand for future transactions?  If this was the case, they would have to deposit slightly less than the USD market value of bitcoins into the merchant's account (or they charge a fee), so that when they sold the bitcoins for market value, they wouldn't lose money.

Or does Bitpay hold onto the bitcoins and uses money it receives from Investments to cover USD payments to their merchants?

450 english pounds is like $800~?  

There are online auto parts retailers that supply proper replacements for significantly less than the cost of brick-and-mortor establishments.  The parts you order online, if you do the research into the parts, will be the OE supplier when the brick-and-mortor shops have generic low-quality items that they put into their own brand of box.

I have a 1990 SAAB 900.  A full set of of Genuine SAAB brake rotors would cost $156, full set of Genuine SAAB brake pads $90.  With a floor jack, a basic socket set, would only take me a couple hours to complete it at a comfortable pace.   There's no mechanical knowledge or training needed for basic maintenance on vehicles.

Auto repair shops significantly overcharge customers for parts.   Looking at service records of one of my other SAABs, a repair shop replaced a bad fuel pump with a new one, they charged the previous owner $500+; buying a brand new fuel pump made by the original supplier (BOSCH), costs $70.  And even after this massive overcharge by the shop, they even charged several hours of labor, when it would take at most 30 minutes to replace.  

Most generic auto repair shops you would take your vehicle to get serviced at will probably be by untrained minimum Wage employees.  

I trust that a repair job is done correctly when I do it myself, I save money on labor and parts costs, and I learn from the experiences.

Coinbase can be pretty annoying, for the most part they seem to be linked to Bitstamp's price, but if Mt.Gox pulls way ahead of Stamp, they will start using some sort of weighted average inbetween.  If BTC-E gets close to Stamp's price, the sell price on Base will be the lower of the two.  Right now as I am typing this, BTC crashed on the exchanges a bit, now Coinbase seems to be using Gox's prices for buying and selling.

It also seems as if the equation itself for calculating the cost of buying coins from Base changes frequently.  So if you are trying to buy from Coinbase and their buy price seems to be the average between Gox and Stamp, it is worth it to try and refresh the page several times, and you might be able to catch the price at Stamp's price instead of an average between the two.  Whatever is the most profitable for them is what they seem to use.

I tried buying bitcoins locally using LocalBitcoins last week, I was unable to find any willing to sell coins, due to the fast price increase.  It seems as though all Localbitcoin sellers use Gox's price.

Posting to get out of Newbie section! o-o

I hope Bitcoin becomes mainstream.  I hope that the SI/Metric naming of Bitcoin units becomes standard.  Then maybe this will lead the way to finally converting to the metric system in the United states! woo~