hi just bought a 100 Euro paysafecard at the filling station, is any one able to offer me some btc for that?
There are at least two exchanges that will accept that, VirWoX and MercaBit.eu. Mercabit.eu shows as having a day free of fees today due to it being Bitcoin Friday: - http://www.Mercabit.eu
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I usually use Bitfloor for easy BTC purchases, but they no longer have a cash deposit option, so that brings me here.
Do you have a Chase bank near? You might find a few coins using a cash deposit through Chase for BitMe: - http://www.BitMe.comAlso BitcoinsDirect accepts cash deposits at Wells Fargo, but there isn't enough sellers so they don't have many coins to sell: - http://bitcointalk.org/index.php?topic=87094.0
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Old wallet has 'learned' the new transactions and listed them as happeneing all today. with the final one I actually made today not showing any confirmations
If the blockchain for the client running the old wallet has completed updating to the latest block and there still are no confirmations showing that could mean the client determined that the transaction is a double spend. (It could also mean that it just hasn't been confirmed yet, no miners have included it in a block yet). Does the spend transaction appear on Blockchain.info for instance? If not, then it is likely a double spend and you'll need to perform a little wallet surgery to get the balance on the old wallet to reappear correctly (by using pywallet to delete the offending transaction, then -rescan.)
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Latest Bitcoin-Qt version: 0.7.1 ...I have v0.6.2-beta ...Is it recommended to upgrade it every few months?If so,whats the process?
Each of the Bitcoin.org clients are backward compatible. You simply can run setup on top of an existing installation. With linux, you can simply overwrite the existing executable with the latest. The wallet.dat is not touched during the installation process. It is still advisable that you make a backup of the wallet.dat from right before updating though.
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This is a great plan. Thank you for the suggestion. I did end up doing this. The free $25 got added by the time I checked my balance a couple hours later. So it does work. You can then spend the funds from the Serve card at an ATM and wherever AmEx is accepted. Or you can withdraw the funds to your own bank account. You can also send the funds to another Serve customer (person-to-person, like you can with PayPal).
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I am now seeing some relatively decent order depth and the spreads narrowing on BitMe! (i.e., can buy or sell several hundred dollars worth of coins without being hurt due to slippage). - http://bitcoincharts.com/markets/bitmeUSD_depth.htmlThat's just about all that I'ld need to do more trading here. Except not having two-factor authentication kind of puts a damper on things. Two-factor authentication is planned for the near future and will be implemented before we start accepting verified accounts with higher limits. Currently users are required to (re)enter their account password for withdrawals (except for previously linked bank accounts). This will most likely be replaced with a pin number/OTP at some point.
Any update on this?
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agents of the state or it's subsidiaries from using bitcoin for their own ends
What ways do you see this type of use occurring?
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OTC is not the sending of cash in the mail or wire transfer. - http://shadowlife.cc/2012/11/necessary-conditions-for-the-long-term-success-of-bitcoinWhile that is a lofty goal, until the density of local traders increases these methods help as an intermediate step. For instance, last month when the majority of cash deposit methods available in the U.S. (BitInstant, Bitcoins Direct, BitFloor, BitMe) went down at the same time (temporarily, fortunately) there were some people really in dire straights. These are people who are now using bitcoins as a substitute for cash. They've come to rely on the ability to visit a bank or 7-11 and convert cash into bitcoins. Unless there already was an easy method that allowed them to use cash to acquire bitcoins, they would never have gotten to the point where they rely on there being a supply of bitcoins. If the only way to convert cash to bitcoins was to locate and transact with a local trader, most of these people would never have gotten started. But now that there is a demand for bitcoins this volume is now becoming sufficient to make it worth the effort for individuals to become local traders and begin offering to do OTC exchange. The network had to build up before the network effect began to yield much value. But we're seeing that now. Look at the growth of offers to trade through Local Bitcoins for instance. - http://www.LocalBitcoins.com
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I read if the amount is sent from an external wallet, you need to wait for 6 confirmations before the coins can be sold, does this mean there is there a variance to how much I will get?
Yes, the exchange rate moves and you may get less or more than you would have gotten had the trade executed immediately. This situation exists for many companies who do commerce in multiple nations, though Bitcoin's exchange rate volatility exacerbates the problem. If your selling prices have sufficient markup, the exchange rate risk should normally not be that significant and probably evens out over time between the times the rate goes up versus the times it goes down. If there is a larger transaction or the need to lock in at the exact rate from when the sale occurred, API calls to handle hedge trading using a custom approach rather than autosale is one solution.
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I am considering using BitInstant for transfers but would like to minimize legal risk.
Are you trying to conceal the source of money obtained by illicit means? If not, then what legal risk might you believe you are exposing yourself to?
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a US law the says it is illegal for currencies to be used the "competes with the USD"
Good luck finding a source for that law. It doesn't exist. If such a law did exist, you or I couldn't accept Euros, or Pesos, or Yen, Ithica Hours, or bus tokens even. If you are referring to the Bernard von Nothaus conviction, he was not convicted of "competing with the USD". He was convicted of issuing metal coins that were considered to be counterfeits of U.S. coinage. The U.S. prosecutor made a statement following the case that "It is a violation of federal law for individuals… to create private coin or currency systems to compete with the official coinage and currency of the United States.". That was not in the charges that the jury decided. The prosecutor's statement is not the law. Bill Rounds of How To Vanish wrote this post: - http://www.lewrockwell.com/rounds/rounds35.1.htmland Anthony Wile wrote this post: - http://lewrockwell.com/wile/wile64.1.html
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Is it just chance that no one will be delivering ASICs prior to the block reward dropping to 25 BTC?
If you are implying that they aren't delivering because they are mining while the sun shines (while the blocks are still 50 BTC), we'ld be seeing a lot more than 24.5 Thash/s if that were the case.
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- Ongoing and increasing distrust of fiat money and banking system amongst the general population
You didn't include the election or the upcoming tax changes in the U.S. as one of the reasons. For those who want to sell investment property at 15%, now might be a good time. There may never be another chance. - http://www.forbes.com/sites/robertwood/2012/10/17/no-matter-who-wins-the-election-higher-taxes-are-certain/When Congress last raised capital gains tax rates in 1986, lifting the top rate to 28% from 20%, the change triggered a wave of asset sales, including securities and companies, in the months before it took effect.
- http://online.wsj.com/article/SB10001424052970204789304578088931525397120.htmlSo there could be additional amounts of cash newly available for investing and some of that might end up at Bitcoin exchanges. Today's selloff in the stock markets includes some who are dumping so that their capital gains occur in 2012.
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I don't even own a green dot so it worthless to me
If you were already going to a 7-Eleven, why wouldn't you just have used BitInstant (Moneygram) instead and saved yourself this hassle? MoneyPak is a horrible payment method for buying bitcoins.
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I wanted to see if there was any demand here for work that would be paid using bitcoin. There's an opportunity for someone to build a standalone app to redeem private keys. All the app (or mobile-enabled web app) needs to do is simply let you scan a QR code with a private key, and then scan the QR code of the destination Bitcoin address (or allow entry of the bitcoin address / paste from clipboard). From there the app needs only to send an API call to Blockchain.info: (Well, technically two calls, one to get the unspent balance and the second call for the spend transaction.) This could be a pretty easy app (or mobile-enabled website) to build. To see how a mobile-enabled website can do a field for scanning via a QR code, see EasyWallet.org' site: - http://www.EasyWallet.orgI'ld love to see someone build this capability for mobiles.
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