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It is a shame because getting money in is so hard the price there is depressed. As the price is depressed their volume is MUCH lower as fewer sellers are willing to move coins there. The sellers who do move coins there have to be satisfied with 10% or more off the price. A shame as just adding another person could really increase their profits.
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1.5
Even recently these coin have sold for 3BTC and north of $3000 on ebay. |
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That's all good and well for someone operating in a business / server environment but for the average user: Hey want to use bitcoin? OK: 1.) Go buy a 2 TB hard drive 2.) Install 3.) Download bitcoin and configure it to use this secondary drive. 4.) Let it run for a month to download and process the block chain 5.) Enjoy! It's really unrealistic. P.S. To the guy that said it's only 11 GB... mine is over 15 GB fore my bitcoin data dir. If it's only 11 where is my extra 4 GB coming from? I don't have one billion addresses in my address book or addresses of my own. My specific user data cannot be more than a few kilobytes. Mine is showing up as 21GB. Wonder what is causing the huge size differences. 15gb here too. It just fits on a 16gb SDCard. |
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With intl shipping. Open to offers, but looking around 10mBTC
20mBTC plus shipping here. And I am selling them fast and not sure if I can re-up my supply. |
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A friend of mine wants to send money home. He is planning on using Western Union, but I would like to offer to do the transaction free of charge by taking his local currency and using bitcoin to buy a Gyft.com Amazon gift card to give to the intended receiver of his funds. So if I buy the gift card and the gift card is sent to my email, will I be able to forward the email to the intended receiver for him to spend? Has anyone done this before?
It should work if the gift card is going to be emailed. It may not be entirely secure though as emails are often transmitted in plaintext. Most gift cards are a credit card style number and a pin. |
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So, zero BTC exchanges support Dwolla now?
Well sort of. It is more like Dwolla supports ZERO exchanges. |
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Runs through tonight EST.
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Following a good will Casascius apparently opened the pandora box. Now people are really believe that the sealing proves that the physical bitcoin is secure. But of course it is not. A producer of a physical note or a coin can copy and preserve the private key. This situation is so strange. I bet that if this hysteria wouldn't decline we will face a wave of fraud associated with a physical pseudosecured coins in a future. It would be better if Casascius spend the same amount of effort populating the idea that only self printed paper wallets are secure. Every such cold storage obtained from a second party as a present, gift or a payment should be immediately transferred to the safer wallet because private key could be copied and preserved by a grantor. Tamper-evident seal in this case doesn't provide the needed level of security because the private key could be copied before the sealing was applied on a coin. Shame on you Casascius  It is an open market. You do not need to purchase Casascius or any other physical Bitcoin. Purchasers put their trust in a supplier which could maintain that trust or violate it. Now Casascius coins are now more valued for the collectable value than the Bitcoin preloaded on them. If you think a supplier will steal the Bitcoin, do not purchase from them. I personally trust Casascius. |
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Time and time people say bitcoin is 'deflationary'. That is wrong.
........
So STOP saying Bitcoin is deflationary. It is not.
+1. In fact Bitcoin is a little inflationary as new coins are constantly being printed. We are just so used to massive printing on the government scale that the slow printing rate of Bitcoin is looked at by some as deflationary when in reality it is just very low inflation. |
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I'll match or beat the lowest offer
Wouldn't it be better if you matched or beat the highest offer? |
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The cryptoanarchy.com Black Friday sale is on and is 10% off orders over $45 with code bf10 and 20% off orders over $99 with code bf20. This applies to these keychains of course!
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use coupon code BF10 for 10% discount on orders over $45 or use coupon code BF20 for 20% off on orders over $99. http://www.cryptoanarchy.com/store/US shipping is still just $.99 international customers you will be charged separately for your postage. Payable in BTC at end of checkout through Bitpay. Sale runs now to the end of Friday. |
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After a quick read on a small screen I would say a good article with a mildly sensationalist title. The title implies bitcoin is straining when in fact there is little evidence of strain on the system. They sort of imply the growing hash rate is a problem when most people would disagree.
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I have bought many things from computers, video cards, bees bros and gift cards.
Of course I have shipped over 300 orders for items with Bitcoin as well.
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Assume that there was just a flat reward of Bitcoins per block.
Inflation:
First year: 100%
Second year: 50%
Third Year: 33%
Fourth Year: 25%
Fifth Year: 20%
Sixth Year: 17%
Seventh Year: 14%
Eight Year: 12.5%
Ninth Year: 11%
Tenth Year: 10%
...
Year 30: 3%
Year 100: 1%
As you can see, even without halving of block rewards, and without a fixed max number of coins, inflation naturally tapers off asymptotically. Would this potentially better help miners, reduce the chances of deflation (or at least make the deflation basically minute), smooth the huge price increases that happen during the early years as people adopt the coin, reduce the huge 'unfair' advantage that some people complain Early Adopters have, and generally help Bitcoin?
Not saying I'm in favour of changing the protocol, it would be way too big of a change to make sense, and for a fairly small potential benefit, but still its a fairly interesting question.
I think the block reward halving was responsible for making Bitcoin much better. Lower costs for savers in the earlier years. Now less BTC printing to pay for the network but enough to make it secure. |
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I am willing to send fedex or USPS priority mail worldwide for the remaining coin.
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Every 4 years the Bitcoin reward halves, this creates a significant event in the mining community where people's operation suddenly becoming unprofitable, this may cause some unpredictability and instability in the bitcoin ecosystem.
Why isn't this reward smoothed so it is a function of the block number, no major jumps, just a slow decrease in the bitcoins mined each block?
predictable events like that will be correctly priced by the market. +1 I didn't believe it either and thought it was harsh until I experienced the first one. The next one is less of an issue due to experience. |
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