Yes sir we are buying via paypal.

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

We all learned a valuable lesson today. ALWAYS keep fiat in the exchanges.

Gavin just tweeted this:  https://twitter.com/gavinandresen/status/311315494214987778

And suggested we go here for more info:  http://bitcoin.org/chainfork.html

11/12 March 2013 Chain Fork Information

What happened
A bitcoin miner running version 0.8.0 created a large block (at height 225,430) that is incompatible with earlier versions of Bitcoin.

The result was a block chain fork, with miners, merchants and users running the new version of bitcoin accepting, and building on, that block, and miners, merchants and users running older versions of bitcoin rejecting it and creating their own block chain.

What is being done
Large mining pools running version 0.8.0 were asked to switch back to version 0.7, to create a single block chain compatible with all bitcoin software.

Questions & Answers
I'm not a miner or a merchant, what should I do?
Nothing. Your bitcoin software will switch to the correct chain automatically, no matter which version you are running.

Are my bitcoins safe?
Yes.

I'm a merchant accepting bitcoins, what should I do?
If you are running version 0.8.0, there is a small risk that payments with more than 6 confirmations could be double-spent on the 0.7-compatible blockchain. The risk is small because this is not a network split-- transactions are being sent to both sides of the chain split, and it is unlikely (but possible) that somebody could get two versions of the same transaction into the two sides of the chain.

What will be done
The core developers are investigating exactly what causes the old versions to reject the new blocks, and will release a 0.8.1 version that avoids creating blocks that are incompatible with older versions.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

What FUD? Only a fool could possibly take these headlines seriously...and me having to point out that they are fake really ruins it.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

I was panicking a few minutes ago but asked around.  The issue will be over in a few hours, and any crash will be momentary.  Only 11 blocks or so were affected and it'll all be over very quickly.  By tomorrow morning, we are back to business as usual.

Maybe we see a temporary dip, but that'll resolve eventually, because this issue is not really a big deal except for now.  We don't see many hard forks and I'm sure the devs will be much more cautious in the future after this has happened.

The original post lacked info for "regular users".  Here it is:

(1) If you are a "regular user" (not a miner), the best thing is to do nothing and wait a couple hours.  Upgrading, downgrading, whining, FUD, etc, will make no difference.
(2) If you are a "regular user", you don't need to upgrade downgrade or anything.  Just chill out
(3) Regardless of who you are, your transactions are not dead, your coins are not lost.  They will just temporarily be held up.  If you sent a transaction within the last few hours, it may take a few more hours before it's sorted out.
(4) If you insist on processing transactions right now it's probably best to wait 20+ confirmations.  It's just due diligence though ... an attacker would still need a tremendous amount of mining power, quick thinking, and a victim willing to part with a lot of BTC.
(5) By tomorrow this will be in the past and everything will appear to be normal again.  If you slept through this, you'd never know that anything happend (except for the price drop).

Let me reiterate, your coins are not at risk, your transactions are not lost.  It'll just take some time for the network to "iron itself out."  Everything will be okay.

GoxUSD, GoxBTC and any other Gox-currency is safe, BTC traded on Gox is not on the block-chain, only in Gox database, it's virtual BTC so to speak. The only time Gox touches the block chain is for deposits and withdrawals.

So - yes it is safe.

Perfectly safe.