BitcoinJayk - how did you do a paper copy??
- http://www.BitAddress.orgif you don't want to trust that your computer is secure then here's an even more secure approach: Copy the HTML from BitAddress to a thumb drive. Boot from a liveOS (e.g., boot to an Ubuntu distribution image) Brian Krebs gives an example of doing this for online banking here: - http://krebsonsecurity.com/2012/07/banking-on-a-live-cd/Open the HTML from the thumb drive. Print. |
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Of course Bitcoin, as it exists today, won't have mass appeal. But even compared with a year ago, a flash in the pan really, it is riders of magnitude more secure and user-friendly now. Ya, bitcoin has really come a long way. It was just a year and a half ago where there was still an unclaimed bounty to figure out how to spend when all you have is a private key, for instance: - http://bitcointalk.org/index.php?topic=3638.msg51986#msg51986But Bicoin has a lot further way to go to catch up to the ease of use and security of its competitors. Being an open source project with no organization pursuing a vision and a budget to execute on it, it is then absolutely amazing what has been built for Bitcoin already. But bitcoin isn't the only payment system to end up here, late 2012, without having all the problems solved. The retail payments industry has attracted positively enormous amounts of funding and there really isn't any one model that is gaining traction. Because Bitcoin can basically copy whatever methods work for others, not being the first isn't necessarily a huge problem. For the non-technical end-user security issue, the resolution to that will probably be something along the lines of what Square is offering with their "pay with your name" retail payments service. This service uses the concept of geo-fencing. Meaning that a mobile app's function varies based on location. With "pay with your name", the backend host knows where the customer is (location based service on the user's mobile) so simply being present (within the geofence for that merchant) gives authorization allowing a merchant to perform a charge up to some level (e.g., purchases up to $20 at a Starbucks). Sure this is a centralized system but so are hosted (shared) EWallets (Coinbase, Paytunia, Easywallet) and there aren't many complaints by those users. The great thing about this is that nobody is forced to follow "the officlal method". There are methods of holding and using bitcoins that works for me that you wouldn't want to use because your tradeoff between convenience and security might be different. The financial service whose threat model mandates they use M of N signing for their cold wallet uses the exact same Bitcoin network as does the teenage patron at a coffee shop who pays using a mobile phone. |
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iam looking for an debitcard that i can fund with BTC.
anybody know service like this.
There are a number of prepaid cards which you can load using bitcoins. Moneycard from Walmart can be loaded with Moneypaks, for instance. OKPay offers a card that can be loaded using bitcoins, is another example: - http://en.bitcoin.it/wiki/OKPayBut you wrote in the title "anon." and that makes all the difference in the world. There is a thread where these are offered. I have no knowledge of them but wouldn't be surprised if there are particular risks to using these: - http://bitcointalk.org/index.php?topic=86382.160 |
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I've always held that Bitcoin and gold are so close to one another when contrasted with fiat that for a lot of conversations they can be considered identical. Yup. Take almost any goldbug article, do $ %s/gold/bitcoin/g and what you end up with makes nearly perfect sense to a bitcoiner. |
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It takes hours to download the whole history! And as it gets closer to finished it starts taking longer.. why does it have to do the whole thing?
To verify that transactions have not been previously spent, Bitcoin uses a chain of data blocks. This is called the blockchain.  - http://en.bitcoin.it/wiki/BlockchainSo to verify a transaction, there needs to be a chain with integrity, all the way back to block #0. The reason it starts to take longer with more recent blocks has to do with Bitcoin's growth as a payment network. In the past few months, half or more of those transactions are wagers from a single online gambling service, SatoshiDICE, incidentally If you are finding this to be too slow, make sure you are using the most recent release of the software (v0.6.3) as that has performance improvements. Also, if you are running on an encrypted filesystem, that will really bog things down. At some point in the future, the Bitcoin.org client will be getting a couple of improvements -- LevelDB (instead of BDB) for storage and Ultraprune, which will help make it so less storage will be necessary. Not all users need to run the full bitcoin.org client. Some would be just fine running Simplified Payment Verification (SPV) clients. Electrum is an example of a thin client that uses a server for transactions yet remains secure where the private key(s) are stored locally. There is no blockchain download required. |
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I think it's important in that it says the cash value of most e_payment transactions is going down while the bitcoin transaction fee's cash value is going up.
That's like Bill Gates saying he notices the prices at restaurants are going down while from my perspective they are going up. We both may be saying truth, but that is because the restaurants he frequents are different from mine. Bitcoin's minimum transaction fee is 0.0005 BTC. at $12 BTC/USD, that is less than a penny. Now I get that you are very concerned about how this penny is costly to those who live on a dollar a day. But the fee is and always has been a core concept with bitcoin -- it is just part of the deal. There are solutions, including those discussed on your thread for this topic: Should bitcoin lower the transaction fee? - http://bitcointalk.org/index.php?topic=101146.0 |
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Maybe OT's systems or walled-garden wallets can offer suitable cheaper transactions in the future but bitcoin is no way near mature/stable enough for that kind of adoption at the moment or in the very near future.
OK, how about simply changing who pays? Currently the fee is paid by the sender. There was a proposal where a third party could make a transaction that simply added to the fee paid on an existing transaction. I believe luke-jr had documented how that could be done. I don't remember the process. That way for merchants who wish to pay the fee for any payments received, the customer then does not incur the fee (well, not true, as the fee simply gets baked into the price of the goods or services sold -- but a fraction of a penny or whatever, that isn't significant.) |
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July 16, 2012
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Please be aware that withdrawals of funds are allowed only through Bitcoin in case you used this system for depositing in the account. Does this mean that you canīt buy USD with Bitcoins and withdrawal USD? But is seems you can deposit USD and withdrawal Bitcoins... I think it is the opposite. If you fund the account with bitcoins, that is the only method you are allowed to withdraw using. I think they do that so that they don't end up being used as an exchange that converts customer's bitcoin funds to and from other currencies. |
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hello, im looking for some bitcoins ( around 10)
i can go to the store and load cash onto a moneypak if anyone is interested.
If you can't find a trade here, keep in mind that there are cash deposit methods that are cheaper then MoneyPak at tens of thousands of locations, including: Major Banks, 7-11, Walmart, CVS, Moneygram locations, and much more: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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One thing that I have noticed getting setup is that the block chain download is a rediculous hurdle to getting started. This is obviously only going to get worse over time and will impact the overall scalability of bitcoin. A recent conversation on the topic, here: - http://bitcointalk.org/index.php?topic=99742.0There are at least two big changes coming up that improve things dramatically:
1) LevelDB switches out BDB for a better database, which can (on some types of hardware) give significant speedups
2) Pieter has implemented something he cals "ultraprune". Despite the name it does not prune (it lays the groundwork for that). It changes the database formats significantly, so the working set can fit entirely in RAM. This makes a massive difference, dropping block chain download time from hours to more like 20 minutes or less.
After that there are still more scalability improvements that can be made. But yes, long term, end users will run SPV clients like MultiBit and the problem will go away entirely.
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Thus, Sarah Palin, not Ron Paul nor Santorum nor Huckabee, is my Dark Horse candidate. And if Ron succeeds in this endeavor and gets Sarah's name officially on the ballot, I believe that she will win it so long as Romney cannot get 1144 on the first ballot.
Where's the BetsOfBitco.in predictions market bet for this? |
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Does anyone here already tried to buy coins using MrBitcoins ?
Is it reliable ?
Mr. Bitcoins is affiliated with CryptoXChange -- which has been around for over a year now. Because there is no per-transaction cost, you can try with a small amount, and then when you have bitcoins, do the same thing with a larger amount. There is no penalty for the small amount. Is there other easy ways to buy bitcoin in India ? You might find a digital currency exchange where you can then buy Liberty Reserve or something and convert that to bitcoin. It probably isn't easy or cheap. Here's one (which I know nothing about): - http://www.sitepanel.in/buy-now.html[Edit: or hey ... here's one that takes bank transfer and sells bitcoins: - http://www.ecurrencyzone.net/buy.php#3 ] |
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Yes, you can buy bitcoins from me through GCASH. I haven't had a transaction through this mode, though, and I'd like to try it out.
[Update: GCash no longer supported.] I happened to notice that there are GCash Send-out locations in each of the countries listed below:[removed] So, ... to transfer money to a GCash mobile wallet, visit a Globe GCash Send-out location (after coordinating with Mang Sweeney): - http://gcash.globe.com.ph/remit-paano-maghanap-intl.php (scroll down and click on your country) |
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