... By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  ... Most people who "invest" in BTC don't do it to shop at Dell & NewEgg. They might want to believe that others buy BTC to shop at Dell & NewEgg, but they themselves don't. Because after the novelty of buying with BTC wears off, the sheer stupidity of it begins to sink in. Imagine: 1. Spend fiat to buy BTC 2. Send BTC to a payment processor, who'll 3. Sells your BTC for fiat & 4. Sends fiat to the merchant that "accepts BTC". 5. Re-buy BTC you spent, probably from the same payment processor but at a premium, because "investment." Funny as hell, doubt it happens too much tho. Now for someone with a BTC stash from way back... Nah, that would only create sell pressure, so won't happen  I think it's been hammered to the ground that that's not a great use case for BTC. Would i go through those steps to buy something from MS? Unless merchant offers incentives like 2% off btc payments probably not. (And i don't see anyone arguing that so can you stop spamming that?) I know that you keep coming back to that as your main trolling point. Right now from what i see, the best use for BTC is -worldwide illegal markets (and i think that's more than enough to justify current market cap) -money transferrer (pay someone in Asia, send money home to Africa, pay with BTC when traveling to save on currency conversion/foreign transaction fees) etc... -micro payments/tipping (look at reddit/changetip etc.. how's their volume going) Would i spend fiat and buy BTC for that? You betchya. MS acceptance, brings huge endorsement to BTC. Means the protocol is mature enough, getting out of proof of concept phase and into big guys putting their weight to support it (even through BitPay). Think of all the advertisement, shifting people opinions from bitcoin being magical online money for druggies at silk road to now a blue chip accepting it. MasterCard is trying very hard to put a negative PR spin on bitcoin, this turns it around. And of course there's speculation. MS needs to counter Apple Pay, is this the first step? How about integrated BTC wallet with the new Windows release? To find more use cases that make sense you need more awareness and this definitely does it. TL;DR it's positive endorsement, free advertisement. Finally know MS stance on BTC and it's positive, so they won't try to fight it, opens huge potential for all new financially viable use cases. Bullish for these reason NOT that people start buying BTC to pay MS. |
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End of pump. We are back to pre microsoft announcement levels.
I would better not imagine how dumps will be like if the microsoft pump happened to be so insignificant
I think this BTC->FIAT relay kind of adoption is still regarded as neutral or slightly bad news. It has a possibility to mobilize some sleeping coins (~get them dumped on the markets) while doesn't create instant demand. It won't be the case forever but it seems to be clear that it still is (at one point, it will start to build demand and the mobilizing power will descend). May be this was the last one of this kind (though I guess it wasn't). Only for people with limited brain power. BTC adoption is great news. Period. Anyone who argues otherwise is an idiot or a troll. WTF are people really that stupid? By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon Oh how terrible it would be if BTC is widely adopted think of all the places to spend it  Adoption is the best thing that can happen to bitcoin the protocol that it's whole purpose. And good for bitcoin currency in the long run, maybe not as great for minute chart speculators |
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Update: got a replacement card within few minutes of PMing OP. Hope this one lasts
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And after 4 days card got zeroed out. "That card number or security code is invalid. Please check them and try again."  PMing sbdealer to see if he can fix this |
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thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.
The FBI says that they got to him because SilkRoad used a captcha link in a way that exposed its real IP. After that, I would guess that they followed him for a while, and haced into his computers, until they felt that they had enough evidence. They got his email, for instance, where he allegedly discusses the murder of some blackmailer. So, even if he encrypted the wallet, they may have captured the password. The library may not have been a mistake, it may have been just the place that the FBI chose for the arrest. Anyway, as others pointed out, he made a deal with the gov to have the coins auctioned now. Not encrypting wallet that has around BTC200k is as stupid as you can get. Emailing password to BTC200k wallets is just as stupid. Guy was an idiot |
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Interesting, instead of trying to liquidate coins that BFX wall looks like it's just following Chinese rate. i.e. floats up when china goes up even if there's no volume/bids on BFX and vise versa.
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Oh great even more money floating over to China!
Yes, China is an exporter of bitcoins, and that transfers wealth from the West to China. I don't know where the main mining ASIC manufacturers are (China, taiwan, Korea?) but that is a major industry too. Wow do you consider USD inflation when calculating mastercards transaction costs too? Not sure I get your point. 1.2 million per day is the cost of the bitcoin network in dollars. I did not consider the dollar inflation there, why should it be considered for MasterCard? But anyway, Bitcoin inflation is 1.3 million bitcoins per year over 13 million existing bitcins, or 10% per year. How much is the dollar's? Because the intent of block reward is also a method for distribution of BTC. That's why it's only temporary |
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Think that was the last of Finex dumpers coins, now can we go up??   Or not he still has at least 500 BTC more |
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the bitcoin network currently costs ~3600 BTC/day = ~1.2 million USD/day, or over 10 USD/transaction.
Source? Miners get paid 25 BTC per block mined. At 1 block every 10 minutes, that is 144 blocks/day, hence 3600 BTC/day. At 350 USD/BTC, that is 1.26 million dollars per day. Last time I looked there were about 100'000 transactions per day. Hence 12.6 dollars per transaction. Transactions seem free now because the network is paid with newly issued coins (there is an ugly word for that, but let's not rub that in). Who pays that cost are the people who buy those 3600 new coins per day; whether small investors at the exchanges, or bigger investors over-the counter or by contracts with miners. Those people give 1.26 million dollars per day, that they earned elsewhere, to the miners of the world; that goes into equipment, buildings, personel, electricity bills, and miners' profits. Wow do you consider USD inflation when calculating mastercards transaction costs too? |
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Think that was the last of Finex dumpers coins, now can we go up?? |
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Perhaps someone who placed a rather low bid at the USMS auction got it filled, and warned his friends.
They knew the results last friday |
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china is banning bitcoin again
Link? Show me a link for a day where they aren't banning btc |
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The only effect that can really drive a declining network hash rate is bitcoin price dropping at a rate that efficiency increases in hardware cannot meet.
Just imagine what might happen when the block rewards get cut in half... Something's got to give. Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato |
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PMed ya. Please get back to me. Thanks
PM sent Can anyone who got a card from this seller share the date when the funds were loaded onto the card? You can check at http://www.starbucks.com/card/manage/history or if you have it registered to a sbux account just go to the transaction history tab on your account panel. Thanks All cards are activated onto brand new cards within few days of purchase date from me. Yeah can confirm mine was loaded in december |
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whoboy is trying to drag everyone down, lets see that divergence
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That's more like it. OK, now they are cheaper. Buy some more! Still green moving averages and bullish order books.
Are you bulls pussies or something? Gimme a fight. I'm bored counting my money.
This is starting to get annoying getting into troll territory |
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Or rather is Egift or physical card safer to get? Or are they both as easily "zeroed out"
When you buy a physical card, I can PM you the code and pin number before I ship the card to your address. Many people order the physical card to gift it to someone in person because they come in brand new condition. Also, both cards are essentially the same and do not get easily "zereoed out". I still have my own personal cards from this summer with $100 balance on it and can show you the transaction history to prove it if you would like. 0.0796 BTC on their way to 1QCVMWiZMLKetkpX3cVQnDDtuePywGBuuA waiting for card/pin number no need to send physical card Received PMing you card right now edit: sent Got it card shows $100 balance lets see how long it'll last. thanks |
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Or rather is Egift or physical card safer to get? Or are they both as easily "zeroed out"
When you buy a physical card, I can PM you the code and pin number before I ship the card to your address. Many people order the physical card to gift it to someone in person because they come in brand new condition. Also, both cards are essentially the same and do not get easily "zereoed out". I still have my own personal cards from this summer with $100 balance on it and can show you the transaction history to prove it if you would like. 0.0796 BTC on their way to 1QCVMWiZMLKetkpX3cVQnDDtuePywGBuuA waiting for card/pin number no need to send physical card |
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Or rather is Egift or physical card safer to get? Or are they both as easily "zeroed out"
When you buy a physical card, I can PM you the code and pin number before I ship the card to your address. Many people order the physical card to gift it to someone in person because they come in brand new condition. Also, both cards are essentially the same and do not get easily "zereoed out". I still have my own personal cards from this summer with $100 balance on it and can show you the transaction history to prove it if you would like. PMed can i get a card/pin PMed to me? Don't need a physical card. I'll risk .0796 BTC what's your address |
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