Just came out. Looks like it could be good:

https://www.youtube.com/watch?v=vmGDcDmu6ak

Tell your friend to post a video with the sign. And post the picture from different angles and different sources.

Anyone can photoshop a Bitcoin QR code.

Imagine a major company actually keeping this currency:

The price fluctuations are not that bad. If you are living paycheck to paycheck you may want to re-think your spending habits. If you are able to wait between the time you are paid until either A: the price goes up or B: you get paid again, then you will always be spending at or above the amount of money you earned on pay day. Do this long enough and you will eventually double one of your paychecks.

For me it is ideal because I am paid in dollars but live in Europe. Selling bitcoins via localbitcoins I actually make a 10% profit on every euro that I convert. By doing this I am basically getting at least a 10% raise plus the amount of extra value I get by only spending when the price is higher or equal to the amount of my paycheck (the price does go up between paychecks at times as well).

And if all you do is get paid in bitcoin and don't try to time it by spending when the price is high you are essentially dollar cost averaging, so over time your pay averages out.

Through brawker.com this was already possible. Unfortunately they are no longer around but it does create a vacuum that needs to be filled.

I could see this being done using OpenBazaar and maybe a browser plugin.

And yet people continue to give these people power through their tax dollars.

Giving someone power then getting upset with them for abusing it is not the path forward. The first step is to figure out how to stop giving them power.

One of the European card swiping machines (Indego?) had the software capability added that allows for paying with Bitcoin. Apparently the retailer just has to add that functionality (like downloading an app).

I can easily see a future where card swiping technology just includes Bitcoin payment software as a default. The retailer might not even know or care, it'll just be another payment method on his machine.

Anything from the book is probably less information than you could get from reading bitcointalk for about an hour.

Here is an article by the book's author last year:
http://tech.mit.edu/V134/N5/wire1.html

Looks like he just regurgitates the obvious. It is most likely geared toward the non Bitcoin user.

Never knew of the ability to give your private key on MtGox. Seems like a ridiculous method of deposit unless they immediately moved the coins to an address that they fully controlled. And only verified the funds once those coins had moved.

You do not own coins unless you (and only you) have the private key.

If your employer pays you via direct deposit you can use Bitwage to get paid in bitcoins.

I have been getting paid in bitcoins since the beginning of 2015 via Bitwage. As for price fluctuations, I get paid every 2 weeks which is good for dollar cost averaging. On top of that, usually if the price goes down after I get paid I hold off on any spending I can hold off on for those 2 weeks. If the price jumps up quickly I buy those things I've been putting off.

Congrats on your investment into some alt.

Good luck reaching the network effect somewhere so you can become rich. Don't invest more than you can afford to looose.

price up 25 cents today


Da moon!!!?!

I have an Esso card through the military instead of needing to go on base to fill up.


As for ATMs, I think there are only 2 in Germany and they are only for buying bitcoins.

Last week on Facebook:

Ok, a few people asked for me to update with any difficulties I run into with this.

I usually do not buy bitcoins through localbitcoins but I stuck an ad on there anyway a long time ago at a percentage that I did not think anyone would ever take, and since Germany blocked localbitcoins I cannot edit my ad so everyone in Germany is locked into how we were in December. (I probably shouldn't be saying on a public forum that people can still get to those ads...so shhh).

Anyway, I get a message from someone who really needed some money. He arrived in Germany to work and the ATM ate his card. He tried to get his wife to Western Union him some money but he had a hard time finding one and the fees were more than my ridiculous exchange rate (20% discount). So he contacted me and I really could not pass up such a rate so I gave him all the cash I had available. I had deposited a lot the week before so I only had a few hundred euro available. I had a few sales so I had some spending money again but he contacted me again a week later. He was moving into an apartment and needed some money. I again gave him everything I had, only a few hundred euro.
Long story short, I was starting to run out of food and money for spending.

Usually I have cash around so it's no big deal. I finally had to go into my big pile of coins that I've been amassing since I arrived in Europe. Fortunately they have a 2 euro coin and I just throw those to the side like they're quarters. I was fine but that was the first time I felt the pinch of not being able to access my money and taught me that I need to keep some reserves around just in case. Fortunately rent is not due until the end of the month and I have enough people buying bitcoins that I am caught up now but that gave me a flashback to the college days of scraping up change for food.

The problem I see now is getting dollars. I work for the military so I can use the Commissary to buy cheap American food but they only take dollars. I also fill up my gas card with dollars which gives me US prices at the pump. I did fill that up with $200 last month and I drive a Smart car so I should be good for about half a year. I was thinking maybe I could buy popular gadgets for 35% off on Amazon through purse.io and sell it to people on post for dollars through the local craigslist. And I think it is better that I not eat American food anyway, it's probably healthier to spend the extra few euros for German food. I just need to get used to less preservatives means cooking things quicker.

I am looking to go on a vacation in France next week so we'll see how that goes.
 

Interesting, I bought a car in Germany last fall. I had no cash and to transfer that much over would have taken days. I could take money from my US bank account at the ATM at a heavy conversion and ATM fee which had a limit of 4-500 euro per day so it would have taken me 10 days of doing that to get the cash. Instead I went on localbitcoins and got 5000 euros for my 12 bitcoins (price was higher at the time) and paid the private seller in cash. It is probably different for me since I go through the military for registration. That was a hassle of its own.

What part of Germany are you in?

funny, you proved my point

We should have nanosecond confirmations.

I want my block confirmed before the transaction. That can only be done if we move to nanoseconds.

Whoever suggests anything else just doesn't want Bitcoin to evolve. That's probably why Satoshi left.

I was thinking of this. I saw a cop talking about skimmers where someone can get your card info and then program a card with another device to have all of that information.

What if such a programming device was small enough to fit in your pocket and bluetooth enabled. When you want to pay for something you send bitcoins to a site that charges a card with that exact amount and then sends that card's data directly to your card device. You pull it out and pay for whatever. Then you put the card back in and it zeros out the card info.

Bonus if the device was card sized and fit into slots.

First thing I thought when I saw that was...why is the only useful thing to do with Dog coins is to give them away.

They're so worthless that the most join you get from them is by getting them out of your wallet as fast as possible.