That's going to be really tough to do.  Here is amethod:


With VirWoX you can buy SLL using PayPal or Credit Card, then trade SLL for BTC:
 - http://www.VirWoX.com


Now if you are buyng bitcoins to transfer funds, this method doesn't help much but I'll share it just in case.  You can buy physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin

You don't mention where you are.  There might be a digital currency exchange where you can buy a currency, such as Liberty Reserve, and then use that to buy bitcoins.  Some take credit card, though not many  Also, there is Bitcoin Nordic which takes CashU, and CashU takes UKash.  That means nearly a hundred countries combined are covered:

 - http://www.BitcoinNordic.com
 - http://en.bitcoin.it/wiki/CashU
 - http://en.bitcoin.it/wiki/UKash


Here's another possible method if you are in one of these countries listed below:

• Australia
• Austria
• Bahamas
• Bahrain
• Belgium
• Brunei
• Canada
• China
• France
• Germany
• Greece
• Guam
• Hong Kong
• Israel
• Italy
• Japan
• Kingdom of Saudi Arabia
• Kuwait
• Lebanon
• Malaysia
• Netherlands
• New Zealand
• Oman
• Palau
• Poland
• Portugal
• Qatar
• Republic of Ireland
• Saipan
• Singapore
• South korea
• Spain
• Switzerland
• Taiwan
• United Arab Emirates
• United Kingdom
• United States of America

There is an exchange in the Philippines that performs exchange to and from bitcoins, and they accepts GCash payments for the purchase of bitcoins.

So, ... to use transfer money to the exchanger's GCash mobile wallet, visit a Globe GCash Send-out location:

 - http://gcash.globe.com.ph/remit-paano-maghanap-intl.php  (scroll down and click on your country)

Coordinate first with the Philippine exchange:
 - http://bitcointalk.org/index.php?topic=88320.msg1087417#msg1087417

This is a newly discovered approach, so you might want to be cautious, like not send a large amount until you've done successful transaction to confirm that it works.

I happened across this press release:


I haven't used them.  They are based out of Russia.  They do claim to have representatives in a number of countries:

 - http://www.liteforexpartner.com/contacts/representative

Here is a profile:


 - http://www.pro-master.org/en/forex/liteforex/reg.htm

You can cash out to LR in a number of ways.  A few exchanges offer this.

- http://www.BTC-E.com  allows LR withdrawal, for example.

A comprehensive list of cash-out methods:

 - http://en.bitcoin.it/wiki/Selling_bitcoins

There's an interesting article about GoldMoney.  Have you seen it? 

 - http://www.runtogold.com/goldmoney/goldmoney-scam-goldmoney-fraud-complaints-problems/

I don't know who originally came up with idea of referring to Bitcoin as being "both the blood and the veins", but that would have been a perfect way to respond to this.  Bitcoin is both a store of value (blood) and the veins (payment network).

James Turk is describing how he does not believe Bitcoin has value as an asset.  But the question was simply asking when Bitcoin would be a payment method directly supported by GoldMoney.com.  Using the analogy for James Turk's company, Gold is the blood but there is no gold-based veins.  There was for a while.  GoldMoney used to have Metals Payments, where you could pay to another party some of your GoldGrams from your account.  Ruxum exchange (now defunct) once accepted GoldMoney metals payments as a deposit method in which those funds would then be used to buy bitcoins.  Late last fall, however, GoldMoney discontinued the GoldGrams metal payments system (except for those in the nation of Jersey, which is where GoldMoney operates from).

Now there are some innovations to watch in this space.  Some of the same innovation that is related to Bitcoin also works for precious metals.  We already have had an asset backed security on GLBSE.  That is not really the same as GoldMoney's service since with GoldMoney you can withdraw as physical ... with some restrictions.  Also the organization behind that specific GLBSE issue may not have been audited, the asset may not have been verified, etc.  And GLBSE itself as an exchange is not entirely without risk.

An upcoming  development to watch is Open Transactions (OT).   OT makes it possible for there to be a GoldMoney of the cyber-equities space.  This is discussed in the GoldMoney thread:

 - http://bitcointalk.org/index.php?topic=24714.msg523685#msg523685

And there have been other approaches discussed:
 - http://bitcointalk.org/index.php?topic=76318.0

BTC-e allows withdrawal using Liberty Reserve:

 - http://www.BTC-E.com

The full list of exchanges and their withdrawal methods:

 - http://en.bitcoin.it/wiki/Selling_bitcoins

each and every node verifies each block to ensure it complies with the protocol, or it rejects the block.  This has been coded (and tested) long ago.

Some believe that block reward drop is already baked into the current price.



Nobody knows the minimum level of mining capacity and its distribution that would still protect against an attack.  It has been estimated, however, that if an attack was done for financial benefit (i.e., using the attack to carry out a successful double spend)  then it is more than 10X more powerful than is needed to protect against that threat.  (i.e. it would cost millions of dollars to carry out an attack that would yield, at best, well under a million dollars worth of financial gain.

The reason the amount of hashing is so high is not that bitcoin needs such levels, but that the block rewards provides an incentive for this level of mining.  There's a big difference.   If hashing power drops in half after the block reward drops in half, we're still probably just fine.

Not sure if this will help, but in case you weren't aware -- you can buy bitcoins through LiqPay from Bitcoin-24.  OKPay then will take bitcoins directly to load funds.

 - http://bitcoin-24.com/deposit

The wallet tries to make it so the concept of transferring money occurs in a familiar context.

Technically, however, it does not work the way it seems.   Bitcoins don't "transfer" from one wallet to the next.    Transactions are simply ledger entries.   The wallet holds the private keys necessary to create a transaction that spends from the coins received.

So the client will compute a total, and show transactions.   But all that can be done using the blockchain, without even having the wallet.dat, and instead just knowing which Bitcoin addresses were in the wallet.

That's what a service, BTCBalance.net offers:

 - http://btcbalance.net

Taking BFL at their word, in about 90 days difficulty will be skyrocketing due to their shipping of ASIC models.  In less than thirty days after that (early December) the block reward drops in half to 25 BTC per block.

Just out of curiosity, since you decided to add capacity using GPU is this because you still think you can mine profitably by the end of the year, or do you plan to just mine on it while the profits are possible and then sell it without taking too much of a hit since there still is demand for it?

(Or, are you betting ASICs really are further out and won't see them in 2012, perhaps?)

When you say "would like to do this", what might you be referring to?

Bitcoin is a commodity.  Because only so many bitcoins exist and are issued at a fixed rate, they are used for speculation.   That is what most bitcoins are used for thus far.  Speculation does carry risks -- you may gain if the exchange rate rises or you might lose money if the exchange rate drops.

Others use bitcoins simply for trade.  There may be something you are looking for where the site or merchant accepts bitcoins.  In that instance, there's almost no risk because right after you buy bitcoins you send them to another party, so it probably doesn't matter what the exchange rate is -- the price you are paying to the merchant likely adjusts along with the exchange rate.

For many new arrivals here, the person first learned about bitcoins after reading that bitcoins are mined and that you can make money having your computer do mining. Unfortunately for most, that's either inaccurate or something that is more difficult than initially is let on.   To mine, you first need suitable hardware.   If you already have an ATI Radeon HD series GPU in your computer, and your electric rates are average or less (e.g., $0.15 per kWh), then maybe mining is something you might wish to pursue.  If you don't have that hardware, then know that mining requires investment in time and requires the expenditure of money for equipment.  The investment essential becomes a form of speculation on the future exchange rates and on the future levels of competition brought by other miners.

So, it is good that you are proceeding cautiously.   Welcome!

I think you are asking if you can convert bitcoins to dollars and send those dollars to someone else's bank account?

The answer is yes.  There are multiple ways, but one is to use an exchange that offers ACH withdrawal.

Two of the exchanges in the U.S. that offer this at no charge:

 - http://www.BitFloor.com
 - http://www.CampBX.com

To send the funds, you simply need that person's ABA# (bank routing number) and account number.  The recipient will need to provide this information to you -- the ABA and account number can be found at the bottom of a check. 

You could also withdraw to PayPal USd, providing the recipient's PayPal address as the recipient address.  One of the providers that offers this service is:

 - http://www.FastCash4Bitcoins.com

Instead of PayPal, there is another service, Dwolla, which works with bank accounts.   This would let you withdraw from certain exchanges to the recipient's Dwolla account.   Two exchanges that let you withdraw to any Dwolla account are:

 - http://www.CampBX.com
 - http://www.Intersango.com

There are even ways the person you are paying can get cash by doing an in-person trade.  This can be done using Locall Bitcoins:

 - http://www.LocalBitcoins.com

You could even use a service that will cash out bitcoins and send the dollars in the mail:

 - http://www.Get-Bitcoins.com

You've already missed out on a sale!


 - https://twitter.com/CharlieShrem/status/235841692098502656

Misreported or trading system glitch. 

The charts currently no longer show that, though the data on Bitcoin Charts still does.

If you can't find someone here willing to do a trade, there are some options.  Do you have a PayPal debit card?  If so, here are some methods:


With VirWoX you can buy SLL using PayPal or Credit Card, then trade SLL for BTC:
 - http://www.VirWoX.com

This does't help you right away, but in the future you can buy physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin


Here's one method those in the U.S. might be able to use to buy bitcoins using credit card.

There is a new money transfer service called Remitly.   They let you send funds, with the transaction funded by a credit card, to the Philippines -- via the GCash network.  This is primarily intended to be for remittance payments to the Philippines.

There is an exchange in the Philippines that performs exchange to and from bitcoins, and accepts GCash payments for the purchase of bitcoins.

So, ... to use Remitly, the send money form will ask for your name, address, date of birth, and last four digits of SSN. 

The Philippine exchange:
 - http://bitcointalk.org/index.php?topic=88320.msg1087417#msg1087417

Nobody except for you and a couple other wishful thinkers are trying to sell Bitcoin as being free of transaction costs.  Here's Gavin's take on the subject:






Proof-of-work alt coins all have the same problem as bitcoin -- computing costs, communications costs and storage costs make it impossible to provide free transactions.   Bitcoin is very low cost compared to all existing payment network alternatives.  Providing an EWallet or using EWallet services can provide options to make it operate with even less expense.  Open Transactions can provide this benefit as well.

Related threads:

 - http://bitcointalk.org/index.php?topic=94403.0
 - http://bitcointalk.org/index.php?topic=95218.0

I'm out of suggestions myself.  Perhaps Armory isn't synching with bitcoind.   

Perhaps you can post your question on the Armory thread?

 - http://bitcointalk.org/index.php?topic=56424.0

Can it be a hybrid, like how GLBSE works?   GLBSE says whether or not the asset issuer has provided identity but the issuer can operate under an alias such that nobody except GLBSE knows the issuer's real name.

Are you referring to a specific pool? 

Block generation is occurring as normal:

 - http://blockchain.info/blocks/1345240981413