Why go through all the business of converting Bitcoins to the local currency and back? The credit card company can handle international currency conversions just fine. Also: What would happen with the so-called 'stolen' Bitcoins? Who marks them as such? Would they be removed from circulation forever? Wouldn't having someone mark BTC as 'stolen' create a sort of centralized controller? Finally: Once Bitcoins become widely accepted as a form of payment, the prices will fluctuate less, according to economic theory. ( http://en.wikipedia.org/wiki/Sticky_%28economics%29) |
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Question from a newbie here...
I only came across BitCoin recently, so please, bare with me..
I am soo loving this concept and it's application. Security, LE, encryption, trust, and theft all seem to be discussed regularly. If BitCoins became more 'mainstream' (which it appears the majority want), wouldn't these type of issues come up in a more dramatic form? In other words, can it really become more popular with the mass populus needing to understand encryption, and all of the more technical facts? I can understand it (to some degree) fine on my own, but doesn't it somewhat counter-productive in a way?
Just askin.
Thanks
You need to understand encryption to use bitcoin in the same way you need to understand the federal reserve to use paper money. |
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I'm interested. I have a few dollars. How do you do this, and what rate do you use?
I would recommend staying away from VirWox, especially with small amounts. Moneybookers or Paypal will take 50 cents plus 3.5% of anything you transfer, which adds up quickly. |
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I don't think you were listening. Are you really using all of your organs? Then again, I guess Silkroad doesn't take those as is. And you better be pretty dang attractive if you expect (mostly) heterosexual males to give you $135 for your webcam whatevers.
hey, an organ costs more than $135! stop spreading lies! maybe I could do a web cam SHOW and also show my organs... Well, you could sell an organ or two, and then use the profits to buy more webcams or things off SilkRoad or whatever you want. |
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I bet we could gather buy-in from other users. Not donations, mind you. Early adopters might get early access/special perks. Larger donators might get some kind of administrative privilege.
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I don't think you were listening. Are you really using all of your organs? Then again, I guess Silkroad doesn't take those as is. And you better be pretty dang attractive if you expect (mostly) heterosexual males to give you $135 for your webcam whatevers.
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I hear people pay good money for organs.
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I'd offer some capital, but I don't want to bankrupt myself. I've got 3 BTC now with another 4 coming soon.
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I guess you could use the deposited money to buy mining equipment, just as a traditional bank uses money to make loans.
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So my account will (slowly) accrue BTC every month?
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Flexcoin gives 'interest' in the form of discounts on their transaction fees. Far from what I actually want.
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That's what I thought, thanks. I suppose I could lend out my BTC at the lending forum.
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I know about Bitcoin banks like Flexcoin, which does something similar to what I want. I want a place where I can send my Bitcoins, and they will be stored in something like a bank account that would pay interest on my deposited Bitcoins. Is there anything like that?
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There's already like 3 sites that do this.
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Recently, I decided to sell some old equipment I have around the house, and I came up with these:
Netgear N300 Wireless Gigabit router (WNR3500U/R). No box, but mostly new (used once) with all the cords. (SOLD)
1 GB PC2-5300 200-pin SODIMM RAM. Used, but works fine. 2.5 BTC
Shipping is included. Send a PM if you're interested. Keep in mind that the Bitcoin is weaker than normal right now (8 USD per BTC)
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I'm willing to sell a Rimmed Raincatcher, Furious Fukmigaasa, and a number of paints. Do any of those interest you?
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So... have you seen my sig, there? There's a link in it.
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