This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
There is a bid-ask spread (difference between what people are ready to offer for bitcoins, and what people are ready to sell bitcoins for) Add to that transaction costs, if any. Plus when you buy something using your existing bitcoins which you mined/bought at a low price, it may generate a tax liability.  |
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How could the bitcoin be selling for at premium, while the buyers can buy bitcoin on exchanges little by little, day by day?
The number of bitcoins you can buy for approximately the current market price depends upon the market depth. If you look at this site, you will see the number of bitcoins people are willing to buy/sell at specific rates. http://bitcoincharts.com/markets/bitstampUSD_depth.htmlIf a whale keeps buying bitcoins, prices would inch forward. So it might be desirable for them to buy a big chunk of bitcoins from the fed, even at a premium. |
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Of course, bitcoin adoption on a large scale would benefit the Winklewoss twins.  |
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Agreed. Prices would quickly adjust to the auction price (whether at a premium or discount) and then move from there.
As far as I know, the feds have not put a floor price for the auction.
If they disclose the number of registered bidders, we will have an idea of the demand.
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The US government's auction of bitcoins could attract some big players.
They might see an opportunity of obtaining bitcoins without moving the market.
In which case, prices would rise again.
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Access the Console and use the listunspent() command. That command will present you with a list of all of currently unspent outputs in your wallet.
Thanks, This helps. Just to clarify - Is the number of transactions received equal to the number of unspent outputs? Even if a lot of dust is aggregated and sent to a person's wallet, does it sit in that wallet as one unspent output? |
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People are scared of they don't understand. Thus why we see all the negativity from someone whos not into bitcoins. But yes, I also think that in a few years or even maybe months, most of this about btc will be changed.  People are also scared of missing out on something they don't understand. |
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It is not necessarily bad to have a wallet full of dust transactions. If your wallet employs coin control and you have enough non-dust transactions to offset your dust transactions, then you can avoid having to pay large transaction fees (if you care about paying the minimum fee) by only sending out carefully planned transactions. However, in general, having lots of dust transactions in your wallet is indeed a significant issue, especially if you engage in a lot of microtransactions. Imagine buying something costing 0.01 BTC. Your wallet holds a total of 0.01 BTC but only in denominations of 0.0005 BTC. That means that all 20 denominations (inputs) would have to be listed as part of the current transaction, which also means that it would take up significantly more space in the blockchain than the regular transaction. I don't know how tolerant the system and the miners are regarding such transactions, but I really don't expect something like that to get accepted into the blockchain within the first day without an accompanying transaction fee. And yes, the transaction fee would be considerable relative to that total amount. Now, obviously, different scenarios would play out differently, but the general principle is the same.
I use an electrum wallet. How do I find out the denominations in my wallet? |
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Interesting. It didn't strike me at first that accounts here could be valuable and could be hacked. Now I see it. |
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You can earn bitcoins by doing some small online tasks over at BitcoinGet. Example tasks include categorizing data, market research jobs, reviewing websites, and watching videos. It can pay fairly well once you get the hang of it. http://www.bitcoinget.comAny idea about how the payout is when compared to coinworker.com? |
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Thanks everyone!  Just posting my BTC wallet address to make sure my account is recoverable in case it is ever hijacked. Advise anyone else who hasn't posted a wallet address that they own yet to do so to protect their account. 18BEi5vPrPPYETiQt5eG9Sjjyt9DHorfYq Good idea. Here's my address: 1H5a4QBemypd6SBQjKnK76dw4KbmoLicz9 How does posting your address help recover your account in case it is hijacked? |
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Slightly dated article, but still might be relevant. http://thequill.org/personal-finance/13-sites-offering-crowdflower-tasks.htmlThere are other sites (coinworker is just one of the channels sending tasks to contributors) which have a higher payout for the same tasks. If you only want some bitcoins, you could consider doing these tasks at other websites, getting paid in USD and then buying some bitcoins with USD. Might be more profitable than doing these tasks at coinworker for bitcoins. |
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