New Hampshire entrepreneurs have created a dollar-converting anonymous Bitcoin ATM, which they hope to sell to bars, restaurants, and other retail locations nationwide. Zach Harvey has an ambitious plan to accelerate adoption of the Internet's favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs that will let you buy Bitcoins anonymously.
It's the opposite of a traditional automated teller that dispenses currency. Instead, these Bitcoin ATMs will accept dollar bills -- using the same validation mechanism as vending machines -- and instantly convert the amount to Bitcoins and deposit the result in your account.
[...]
"If we made these machines somewhere around $1,000 to $1,500 each, depending on the commission, they could be able to buy this and make it back within a reasonable period of time," Harvey says.
[...]
To obtain Bitcoins, people use an iPhone app like Blockchain or Android's BitcoinSpinner to show the ATM a QR code with their desired address for payments. After they insert a dollar bill (denominations up to $100 are accepted), the ATM automatically credits their Bitcoin account with the proceeds. There's a 1 percent transaction fee.
"Even people who have been in the Bitcoin world for a while and have used every type of exchange are blown away by the simplicity of this machine," Harvey says. "I'm just putting in a dollar. Before they really know what's going on, their phone tells them, 'You have Bitcoin.'"
- http://news.cnet.com/8301-13578_3-57570925-38/need-bitcoins-this-atm-takes-dollars-and-funds-your-account/ |
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I don't really know how this would work but it seems like there could be fun involved.
This is a topic that has much interest. Project Hidden Treasure : Bitcoin Promotion Thru Geocaching - http://bitcointalk.org/index.php?topic=50166.0Geocaching for bitcoins - http://bitcointalk.org/index.php?topic=69188.0And just a few days ago: Today I tossed some Bitcoin, about a quarter ($.25 USD), into a fountain. I'm thinking there could be some Guerrilla marketing type of opportunities as well. |
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Is there a site I can sell BTC for Paypal? Like an exchanger.
There are often buyers on the #bitcoin-otc marketplace willing to trade PayPal for BTC. The problem is a PayPal payment to you can be easily charged back and not everyone can be trusted to not do that. The #bitcoin-otc has a Web of Trust (WoT) in which the trust history for each -otc user is shown. From that you can lessen your risk of trading with someone who would later cheat you. - http://www.Bitcoin-Otc.com - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer - http://bitcoin-otc.com/vieworderbook.php - http://bitcoin-otc.com/viewratings.phpThere is a little up-front effort though ... setting up GPG on your computer, if you don't already use it, and then registering that GPG with the -otc WoT. For a one-time trade, there are easier methods. But if you see yourself regularly looking to trade your bitcoins for PayPal, it might be worth your time to get up to speed with -otc trading. |
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I'm curious about this one. It was a poorly written bet statement at best, or deceptively written to get people to bet on the losing side. Fugitive Ex-LAPD Officer Chris Dorner Will Be Apprehended by Law Enforcement by end of day 2/28 ESTAt-large fugitive Christopher Dorner will be apprehended by law enforcement by February 28, 11:59pm EST. - http://betsofbitco.in/item?id=1215The timeline shows that he was cornered in the cabin that was set fire on Feb 12th. His body was positively identified on Feb 14th. He (living Chris Dorner) was never apprehended, so I think False would be the outcome, though I'm not entirely certain. He died without being apprehended so I'm pretty sure True would be the wrong outcome. Maybe a wash (and refund of all bets?) If it is decided as False, I wonder what date was the event date. The 12th? ... thus only bets made on Feb 11th (the date the bet statement was placed) are valid, with all others getting returned? |
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Is there an easy way to view how many bitcoins are willing to be bought at the highest bid price and how many bitcoins are willing to be sold at the lowest ask price? I know certain sites may show these values, like localbitcoins.com - but I'm looking for something exchange based. I haven't seen a way to really see the big/ask size on Mt. Gox
MtGoxLive will show a popup with that number if you hover over the depth line (either for bids or the asks): - http://www.MtGoxLive.comClarkMoody has a tool for that ... click on "Calculators" button. It even computes the "slippage". - http://bitcoin.ClarkMoody.com |
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Bitcoin allows teenagers that don't have a credit/debit card because of law restrictions, to spend money online purchasing goods or whatever. I can honestly say Bitcoin gave me a better quality of life (by bypassing draconian currency exchange control in my country, that along with the age restriction made simple stuff impossible).
You hit the nail on the head. And it isn't just teenagers. Let's say I commute a long distance and buy 25 gallons of gas each week. That costs currently (in California) a little over $100, for nearly $500 per month. The price of gas has been going up and there are rumors of it going up even further. If I am an airliine or operate a fleet I can buy WTI crude oil CALL options or futures contracts on WTI crude where I can lock in the price so that even if it does go up I will see gains on those investments. But as a consumer, just trying to protect the price I pay for the next couple of months, there are no affordable methods for me to invest like this. I can buy a crude ETF on the stock exchange but the trading fees are too high to buy a contract on just $1,000 worth of oil. Does not apply to bitcoin. [Edit: Bitcoin user not affected. ] Except, using bitcoins I can go over to ICBIT.se and buy a future contract to buy a barrel of WTI crude, with a deposit of as little at 1 bitcoin (using the leverage provided), or the depositing the full amount needed to buy a contract and not using any margin. Now the OP's suggestion to not gamble whatsover kind of applies to this. Speculation on crude oil is like gambling. But if you are already going to be spending the money on gas, it isn't gambling but instead trading off an unknown (gas price in the future) for a known (cost of the oil because it is being purchased and paid for today). So yes, bitcoin is very useful in bypassing restrictions and other forms of control that should not exist. It's fantastic to see young people discovering bitcoin as a way to not give away control over their own lives. [Edit: Incidentally, Casper was the author of a tool that I had found very useful. It was a stock price display site that screen-scraped from GLBSE, and it was fantastic. Of course, when GLBSE went away so did that site [Nope, still there just no data: http://chromaticcreative.net/bitcoin/ticker.php ], but I wanted to express my gratitude to Casper for that and to share his contribution here. [His current project: http://bitcoin.chromaticcreative.net ] |
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Generally when one sends coins two transactions are made, one to the desired recipient, and one to a "change" address.
Just to clarify that, there are not two transactions. There is still just one transaction but that transaction has two outputs. |
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Does anyone have an idea what is going wrong? Chances are the transaction with 1.0 BTC hasn't yet confirmed -- perhaps no fee was paid so it will take a bit, maybe 24 hours or so. Blockchain.info knows about the transaction because it was "online" at the time the transaction was broadcast. Your second (new) wallet might not know of the transaction because the client with that wallet was not running when the transaction was broadcast. The 100 BTC transaction probably has already confirmed and thus that's why the client with that second (new) wallet shows that only. So check in Blockchain.info for the transaction that has the 1.0 BTC and see if it has any confirmations. If it does, and your second (new) wallet still doesn't show it, make sure your client has connections and synchronization has completed. |
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- Require a signed document or some similar process to ensure our terms of service is understood and will be followed.
Copy and paste? - https://bitpay.com/terms |
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If we could find some good use of bitcoin even when the exchange price is 0, then it will flourish for sure
Let's say instead of being zero instead say it was just a penny, or a fraction of a penny even, instead. Bitcoin is a protocol for a payment network. Even valued at a fraction of a penny, bitcoins can be used to send and receive value. So even if the total dollar value of all ten+ million BTC that currently exist was only valued at about $100K USD (10,800,000 * $0.01 each), there still would be demand for bitcoins to be used for transferring value. And because it works well for that, there will be more transactions that occur. But since there are only 10.8 million BTC that exist, the only way to accommodate the greater dollar value of the money transfers (assuming a constant currency velocity) is for the exchange rate to be a higher value. So the exchange rate rises to meet the level needed for transactions. And then there is speculation that future demand for the coins for use in sending money will continue to rise. And you end up to where we are today. |
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Any recommendations on where to buy coins at fair market price with Paypal, or a way to make it somewhat anonymous?
Those are mutually exclusive terms. You can buy bitcoins and then mix them to lose the traceability to the ones you bought. Or you can buy with cash where your identity is never associated with the coins that end up in your wallet. As far as buying with PayPal, ... that too is going about it the wrong way. Cash methods work best for fast and cheap. If you are in the U.S., see the other reply referring to BitMe and BitFloor. If you insist on PayPal, then: At VirWoX you can buy Second Life Lindens (SLLs) and pay for that purchase with PayPal (or credit card too). Then you can trade those SLLs for BTCs on their SLL/BTC exchange, and withdraw bitcoins later (within about a day). That's about the only method: - http://www.VirWoX.comIf you have a prepaid debit card from PayPal, you might find that using that card to buy bitcoins through LiqPay is another method. LiqPay is a payment method used by a few exchanges, including BTC-E: - http://en.bitcoin.it/wiki/Buying_bitcoinsThere's also new methods to use PayPal for buying coins discussed in this thread: Buying bitcoins w/paypal - http://bitcointalk.org/index.php?topic=130293.0 |
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what does it mean when a payment i sent is at -1 confirmations? It still got through idk wats going on
Negative 1? Which client or site is this? |
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Kicking myself for perusing the forum for quite some time but never registering!!
Post your Ripple address here, maybe someone will donate a few to you. |
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i hope i didnt break any of ur forum rules? Nope. Just wasn't aware that Moneypaks, which can only be bought in the U.S. and can only be redeemed by merchants registered in the U.S., are traded globally. |
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If anyone has any further input it would be much appreciated! If I could get those 35 BTC back, or even the 17.5 BTC I'd be willing to send you half of it!  You can try the lazy man's recovery method. - https://blockchain.info/wallet/import-wallet[Edit: If you see any transactions without confirmations then either you didn't delete them or you somehow have peers that are still trying to re-broadcast them and your client is re-learning of them after you've deleted them.] |
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Is there anything else I should know before I do this?
Well, keep a backup (or two) of the old wallet after transferring it. Don't overwrite the wallet on the new box if you had already used any of the addresses. If the wallet.dat is damaged from the app not shutting down, it might not work even on the new box because it needs the BDB rollback log files as well. Other than that -- pretty much a file copy operation. |
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