As far as I know, we don't have any information regarding how much each batch was bought for. I'm not sure how the system works in America, but it'll either be publicly released or leaked sometime soon so just wait it out.

Payment received and signature updated. Starting once more from 1510 (including this point).

I don't think it's dead, but it's clearly fighting a losing battle when it comes to long term survivability. Right now Bitcoin is clearly ahead of every single other altcoins out there in terms of merchant acceptance and userbase. It has the infrastructure that no other coin has - you're far more likely to find a business willing to accept BTC then say DOGE.

Holy cow. I thought it would be a bit longer before they implemented it - guess Overstock accepting it was a big turning point for them. Well it's nice to see more major retailers takig Bitcoin seriously, the more merchants there are the more consumers will be interested in it and possibly begin using it.

Looking to buy a $50 USD gift card with the code sent via PM. You go first (unless you have more trust) although I'm happy to use escrow if you're uncomfortable (fees on you) with this. Feel free to post or PM me your offers.

Thanks.

That's not exactly true. Right now there a lot of exchanges open that would easily be able to deal with 50-100BTC which would easily suffice for the short term day to day costs. We don't know all of his addresses and as long as he does not withdraw excessive amounts very rapidly it'll be hard to track him down. A couple hundred of BTC over the course of a year would make him quite comfortable without drawing too much suspicion provided that the trades were done in regular small amounts.

So far it seems like there is no verification need (but you might want to clarify with the owners via email).


Source: http://bitcoinist.net/indacoin/

Of course, you'd be losing some due to the fact that there are usually fees associated with purchasing a virtual visa card and I'm not sure of the IndaCoin fee structure.

The best way to stay safe has always been with collateral. If possible you should loan to those you've met before in real life and can judge their character (doesn't matter so much with collateral). That being said, nowadays there aren't that many significant loans (in size) that can afford to be collateralized by the borrower so you're assuming a lot of risk by lending that much without collateral.

Considering that you're willing to lend upwards of 3K, physical assets are a viable option as collateral provided you're in the same country as the borrower (as fees for shipping will be insignificant in comparison to the interest from the loan) so you'd be best to explore that option. People usually don't have enough digital collateral (usually altcoins) to reach 3K and you might not want it as they can be rather volatile.

If you had a VPN you could probably create an account in for another country - but you'd have issues if they asked for verification. As far as VCC's go I'm not sure whether they actually work out in the long run, I've read that PayPal eventually picks up on it and you have to supply a set of verifiable documents or link an actual bank account which kind of defeats the purpose of a VCC.

No I wouldn't. You guys really need to do a quick search, I've seen this kind of thread literally like a hundred times recently. I'll make it simple - if you 'blacklist' coins and make them unusable you set a precedent for it to be done in the future. Unless you get everyone's consent (including the owner of the coins) you're effectively playing God with people's wealth and that opens up issues with abuse of power in the future. Even if it could be done, who would regulate it to see it wasn't abused, and who regulate them to ensure they aren't acting corruptly? Quis custodiet ipsos custodes.

I'm expecting it simply to be somewhat below the current market price, considering that if you wanted to buy some you'd easily be able to do so at the current price, so having an auction wouldn't achieve anything. It's simply a question of how far below the market price and whether or not we'll see an increase in the supply of BTC following this or whether they'll just hoard it.

The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.

Yeah and the price will respond accordingly with the shifting supply. While I do agree that early adopters may have too many coins, one can hardly argue that they don't deserve some reward for being the people willing to take a risk with Bitcoin.

In case you didn't know Just-Dice has recently shut down in order to comply with the new Canadian law regarding virtual currencies. No one is sure whether they'll resume business anytime soon but they aren't accepting investments at the moment.

You can hardly argue that it is unfair considering most of the early adopters shaped much of what we have today and without them we wouldn't have Bitcoin in the first place. As a result of their contribution the have been rewarded by having earned a large amount of wealth from this. It's like saying that it's unfair for Bill Gates to be so rich as he was one of the few to make personal computing accessible. He simply has earned his just desserts for contributing what society believes to be a very valuable contribution.

Hell no. Assuming you cod accurately identify which coins are under the control of the government (you probably will screw some poor sod on the other side of the world in all likelihood) it sets up an extremely bad precedent that could be abused in the future. For better or for worse these coins have ended up in the hands of the government and you can't do anything about it lest you destabilising Bitcoin in the future. If what you've stated was implemented, the select people who had control over the pools and held a crude could effectively steal someone else's coins with no moral/ethical justification. It gives all that power into the hands of a few.

What exactly do you define as Bitcoin 'value'? It is impossible to you to valuate something by itself with no measure against anything else, hence things are often valued against a currency (ie xyz is worth xyz dollars). Assuming you're meaning this then both your statements cannot be correct as you don't get upward pressure by both spending and saving it. That would mean it would spiral upwards infinitely which is not the case.

Well I'm sad to see them go (even if it is temporary), hopefully they'll find a way to reopen. Just-dice was a pretty good place to invest, small reliable gains. That being said even if they do reopen much of the market might have shifted to other dice site operators (in all probability Primedice).

Last time I looked Cryptsy only deals with altcoins and not fiat. While they have stated that they will eventually implement an exchange feature there are still a lot of other (and better alternatives available).

No I'm pretty sure you don't have control over any private kes - all you have is your account so if they decide to close it for some reason you'll lose access to all of your funds. Guys if you're storing anything more than BTC2 I would suggest you just buy a Pi for $30 and set up a cold storage signing system using Armory/Electrum. Doesn't cost a lot to have a secure system implemented.