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Moral of this would be anything is better than using Coinbase. And since this one is decentralized and not asking for any identification so to comprise anyone in their user database would be a big reason and the major driving force for anyone not to use Coinbase in the first place!  |
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I think a better question is - who from the bitcoin community is working with Apple to have them accept BTC on the Apple Pay transaction network?
It would certainly be easy for some bitcoin folks in the Bay Area to get a meeting with Apple, has anyone heard rumors of this sort?
The more bitcoin becomes a currency of choice the more transaction services like Apple Pay, Venmo, and the godfather PayPal will find it critical to include the digital currency as an option. It's all about how many transactions can they get, right now bitcoin doesn't have enough transactions to make it viable for inclusion.
Just my BTC0.12376...
A few bitcoin debit cards have been attempted - but one could make a completely virtual one, and make it work with Apple Pay (the card provider needs to work it out with Apple, just as the banks do). Then a real physical card wouldn't be needed, reducing the cost of making such a venture. And voila, you've solved the number one problem with Apple Pay today - namely that it's NOT a global system. It only works with certain banks, and only in a few countries. |
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1) I'll let Satoshi answer this one.....
Satoshi Quote
July 9, 2010: "When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979."
"Brothers Nelson Bunker Hunt and Herbert Hunt attempted to corner the world silver markets in the late 1970s and early 1980s, at one stage holding the rights to more than half of the world's deliverable silver.[1] During Hunt's accumulation of the precious metal silver prices rose from $11 an ounce in September 1979 to nearly $50 an ounce in January 1980.[2] Silver prices ultimately collapsed to below $11 an ounce two months later,[2] much of the fall on a single day now known as Silver Thursday, due to changes made to exchange rules regarding the purchase of commodities on margin.[3]" ~SN
To address your point 1) above - it seems to me that a big holder with more bitcoins than the liquidity on the exchanges can keep pushing the price down, and thus keep buying at low prices. It requires much more money to do this with silver, and more people would care and interfere. |
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Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?
Bitstamp is what I'm using, although lately deposits have been getting a bit slower. |
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Any local miners here? I buy regularly for cash, KLCC area
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Ah...the beast awakens  Says the ManBearPig |
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I didn't get Goxxed this time. But I did get Stamped. Unable to log in throughout this farce.
I'm tempted to build my own exchange. With blackjack and hookers. Come to think of it, forget about the exchange.
Ah screw the whole thing.
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Having seen a lot of creative posts on this forum, I'd like to see some describing how the following hypothetical scenario would play out:
1. The US bows to the bitcoin community and declares bitcoin legal tender
2. Shortly after announces that citizen income tax in USD has been abolished, instead each citizen must pay 1BTC in tax.
3 Either:
a) They do NOT sell the bitcoins collected back into the market. Rather they are destroyed.
b) They start paying their expenses (and debts?) with the bitcoins collected
c) Be creative and make up some scenario
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Deciding to try day trading, one day before the fork split.
Bitcoins lost, lesson learned.
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Argh. Due to gox fail I lost 19 btc on a day where everyone else is celebrating. |
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Is this a case where one could legitimately "double spend" ?
If OP tried the same transaction again, this time with a fee, and it was picked up first because of this,
would the old transaction be discarded as a double spend?
Or would the new attempt be discarded simply for being newer?
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I believe you're not allowed to circumvent their payment systems.
However, there's nothing stopping you from putting ads in your app, and several services that give bitcoin for ads exist.
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Cheaper and warmer to buy a small African nation...
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Hmmm... and then there's that silly million dollar wall. I mean, if I had a million dollars and wanted to monetize them with BTC, would I put a wall at 30, or would I start buying and creating upwards pressure, perhaps in chunks of $100k? It's all very mysterious... stay tuned  That's where the pirate hid his treasure... at $30 |
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I've been aiding remittance to Malaysia and Norway using bitcoins.
(If anyone is interested in transfers of bitcoin to either country, or fiat between the two, please contact me.)
I was curious as to whether Ripple could add some value here, but I fail to see how exactly. If a client wants to give me $1000 on ripple, I'd have to trust him that amount first? I don't see how any merchant / service provider could operate like that, unless they really know their clients well.
What I initially envisioned was that a network of ripples would even out money transfers back and forth with an occasional settling of imbalances through a bitcoin transfer. Can someone help me outline how this could work?
I don't see bitcoin integrated in Ripple yet, so having a settlement of debts happen without the risk of one party not reciprocating is missing.
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rDrDCTWPAguTVYVjqpys8fsgR1x7BMoWRy
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Is MOLPoints something anyone can easily receive? If one wanted to sell bitcoin for it f.ex.?
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I also buy (and sometimes sell) in Malaysia (Kuala Lumpur for cash)
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I consider money to be exclusively debt
I just had to preserve that. |
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