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I love this bumpy ass ride.
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Do it on Craigslist, let the community help promote your naturally placed ad.
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Currencies are a marvelous invention. Without them, every economic transaction would be a time-consuming barter. But the emergence of bitcoins — a new so-called virtual currency – and gold as legal tender make me wonder why people choose to believe in some currencies. Especially since the bitcoins could go away.
Until last week, I was among those who had never heard of bitcoins. But according to BusinessWeek, there’s $130 million worth of this weightless virtual currency and its value has spiked 6,000% so far in 2011. Compared to gold — it has gained 8% from $1,421 an ounce on Jan. 1 to $1,535 on June 17 – bitcoins are a great investment.Among the winners at the bitcoin betting parlor is Salt Lake City, Utah-based timekeeping software entrepreneur Mike Caldwell. According to BusinessWeek, he bought $20,000 worth of bitcoins in Feb. 2009 “at less than a dollar per bitcoin.” By June 2011, he had sold his stash for $30 per bitcoin — if he bought his bitcoins at 20 cents per bitcoin, he exited his $20,000 investment with $3 million — an attractive compound annual growth rate of 7,497%. But what exactly are bitcoins? They’re a peer-to-peer currency named after the file-sharing technology, Bittorrent. Rather than banks and governments issuing bitcoins, a network of bitcoin holders’ computers does the heavy lifting. Touted as untraceable, bitcoins are heaven on earth for libertarians and others who dream of a global economy outside the control of governments. A mysterious programmer going by “Satoshi Nakamoto” started bitcoins in 2009 and after he disappeared in 2010, an Amherst, Mass.-based programmer, Gavin Andresen took over the project. Andresen explained to BusinessWeek that bitcoins use a distributed intermediary to credit and debit accounts and prevent cheating. Individual transactions are encrypted, logged by a decentralized network running on thousands of home computers, and recorded in a public ledger. And unlike gold in most places, bitcoins are actually used in the real world — for example, you can use them to buy socks made from alpaca wool. There are seven simple steps:
Buy bitcoins. To do that, go to currency exchange site Mt.Gox and buy bitcoins — trading symbol BTC;
Download a desktop app from bitcoin.org, which stores your BTC and connects you to the decentralized bitcoin network;
Find the alpaca farms bitcoin address – it’s a string of characters;
Click the send coins button;
A miner certifies the purchase. Miners have computers that create new bitcoins – and the more processing power they control, the more bitcoins they create for themselves;
Once a miner’s computer has processed a transaction, the alpaca farm gets bitcoins; and
The alpaca farm sends your socks.Finish reading at http://blogs.forbes.com/petercohan/2011/06/20/are-bitcoins-worth-their-weight-in-gold/
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Better late than sorry: the Daily strip  Amazing, I never noticed the Mt G in Mt Gox. Love this. Wish I would have noticed before these issues. |
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Are these collector items or something?
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I feel sorry for stoners, there is going to be a lot more things to remember if you want to stay safe  |
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I always miss the good stuff  Is Gavin really behind that Faucet? |
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Good luck with this, seen your link posted somewhere else, maybe Reddit. From the samples, nice peaceful music.
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Made the switch to BitcoinPlus, Bitp is not going to be an ongoing project confirmed.
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I think that they don't work, neither do most the TradeHill stuff, and so attack it with a 'why not' attitude.
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All right, I think I'm kind of convinced to invest in one of these, unless I can use both simultaneously. I think I am going LastPass, even though they were hit recently, which was always my fear in the first place.
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Of course be very careful when trading bitcoins locally. You can easily meet someone, you bring the bitcoins, they bring the cash, but instead bring a gun
Always meet in police station parking lots people. |
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Really really curious as to what is going on here.
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I not only can't wait to start using them again, but now am in two other markets thanks to this incident. I hope more markets start too. Hydra this shit up, more firms, more minds out there focused on security, no centralization, just centralized focus on a secure Bitcoin |
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Just signed up like an hour or so ago. Was sick of seeing referral links, but I had already researched a little before. Jared already did a personal reply here in the Newbie forum. I found a mod with a referral in their sig and signed up. Hope they work out No matter what, I am pretty sure they are going to be putting a chunk of profits toward security lol |
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I like BitcoinPlus except for this http://forum.bitcoin.org/index.php?topic=17099.0So currently using Bitp.it even though it isn't perfect itself. Not too many alternatives short of writing something for myself, which I not have the time to do (as I'd have to learn a lot in the process about many things) |
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I don't like it, but so many people use it and trust it.
There is another one too, KeepPass I think. One is better for online the other is better for offline. Or so I read.
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, am trying it out! Please use referral link to sign up!
