Mah87, I registered a Bitstamp account to do what you're describing but I am confused.

Do I trade XRP for BTC within Ripple, and then transfer the BTC from Ripple -> Bitstamp?

If that's the case, why can't I just trade Ripple for BTC within Ripple then send to my own wallet address?

Can the Ripple account hold BTC and XRP at the same time?

Can the Bitstamp account hold XRP and / or BTC?

I guess the main point of the question is this:

If I send bitcoins from one wallet to another (both within multibit) then are the old .key files still a threat?

The reason I ask is that I sent a hard disk back to manufacturer as it had bad sectors. It had .key files on it. Before I sent it I had used KillDisk on it, so it should be safe, but I dont know for sure.

I thought to be safe, I would send coins to a new wallet, hoping this invalidates previous .key backups. Is that right?

Can someone that understands how bitcoins work tell me this:

If I keep bitcoins in a multibit wallet and save the .wallet and .key file to my hard disk, are my bitcoins compromised if someone gains access to those 2 files?

So if I now create a new multibit wallet and send those bitcoins to that new address, are those same bitcoins still compromised if someone gains access to the old .wallet and .key files?

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By the looks of it, you can sell directly to AurumXChange, you send them BTC, they wire you GBP.

So the catch is?

Ok, I havent sold any BTC or even looked into it properly, but I have read it's difficult from the UK.

Just checked on MtGox and they offer this:

Withdrawals
Funds may be withdrawn by sending a Mt.Gox redeemable code (voucher) to AurumXchange Company and then wired to a bank account. You can also sell codes back to AurumXchange and receive payment through e-currencies, wire transfers in USD, SEPA EUR transfers, and direct bank transfers within the UK.


I have never heard of aurumxchange before but they let you cash out $5000 a day.

What's the catch?

BTCE trading at $124
MtGox at $139

Why aren't people in the US making loads of money from this?

You invest in something that seems too good to be true, based on an anonymous commodity ideally suited to criminals and fraudsters, and then you're surprised when you are left out of pocket?

Not that I don't totally disagree with these scams, but you can't con an honest man.

No one used it?

Is this site for real?

You can buy via bank transfer for less than you can sell.

Why isnt everyone selling at £150 and buying at £130 on there and making loads of money?

Since these wallets use a remote server to handle the block chain, what happens if you keep your bitcoin in one of their wallets and the remote server gets shut down?

Can you transfer the bitcoins to another wallet - say Qt - without having to send them over the network?

Bitcoin was just discussed on national BBC radio in the UK.

The verdict: it's a speculative bubble.

It's also on the front page of the financial times in the UK.

Definitely gaining mainstream attention now.

I think people can expect a spike in demand within a few days of any mainstream publicity, as it takes people a few days to read and comprehend what BTC actually is.

I have 2 x level 30 accounts for sale and will sell for Bitcoin.

Both level 30.

One is gold right now.

One is silver right now.

Both have most of the champions unlocked, and both have numerous rune pages pre filled with the usual runes.

The silver account has a number of skins (approx 8 I think - not including the usual free ones like Riot Tristana and Alistar etc).

The gold account only has the free skins such as Tristana, Alistar...

I will accept and I prefer payment in Bitcoin. Price is negotiable.

PM me if you want more details.

Ok, so now run that through another 3 or 4 years

Imagine bitcoin increases in popularity, number of transactions increases exponentially.

How big will the data file then be? Download 25Gb? 50Gb? Your monthly allowance on your broadband connection gone on just using the client?

And lightweight wallets - ok, so what happens when everyone switches to that?

I live out in the middle of the country, so I have a really slow broadband connection, it is about 1.6 Mb which equals about 140 kb/s at the best of times.

I recently updated my PC with new version of Windows and downloaded the client again. Believe it or not, I have now had the client running for about 12 hours, and it still says over 41,000 blocks remaining and last block received was 273 days ago.

While it is running, it really slows down my internet speed, games lag and pages load slowly.

Why is this so slow?

How does Bitcoin ever expect to be useful in the mainstream if every time people with slow internet open their wallet, it takes hours and hours to update.

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I mined 40 BTC over the last couple of years. It was from an Xfire pair of 5870's, though I havent been running them non stop for that time, I stopped mining a while back now when the difficulty got too high and the rewards got halved.

So with the price now reaching over $20 per BTC, im thinking do I either:

Sell now and take my $800?

Risk it and wait for a few months and maybe take $1000 or even a bit more?

Hold them for years, possibly 5-20 years and take the risk that by that time, they are worth in the hundreds of $$ each as people will then be using micro bitcoins or milli bitcoins. They could potentially be worth a lot by then. I suppose they could also be worth nothing by then.....

I am trying to buy a LoL account, and found a website where there are lots of them for sale:

http://www.epicnpc.com/

I PM'ed a lot of sellers and tried to buy one with BTC but none of them knew what it was. Most of them weren't interested as they thought it was a scam, or they simply couldnt be bothered to find out what BTC was. So I write this post with 2 points in mind:

(1) Someone with a lot of BTC should surely be pushing BTC into every site like this that they can find? Someone with a lot of BTC has the most to gain. The more people using BTC, the higher the value. I imagine that all it would take is speaking to the website owners and getting them to sticky posts advertising BTC with a simple explanation of what it is and how it works.
It would be very useful on a site like this selling digital goods where people are getting the chargeback scam with Paypal.

(2) There is no quick and easy link with a simple explanation of BTC. Well, there may be somewhere but I couldnt find one suitable when I was trying to explain to people what it was. It feels like if someone took BTC by the balls and really pushed it, it would take off, but there doesnt seem to be a central authority pushing it (which I suppose is part of what makes it Bitcoin).

No I dont think you can transfer from NA to EUW.

AFAIK you can only transfer between EUW and East.

Still looking for an EUW account.....