I don't see why bitcoin would be widely used there yet. The MPisa service already seems to give the ability for individuals to transfer money between themselves within the country, and it is probably more expensive to use bitcoin rather than Western Union to transfer money into the country because of the fees, inconvenience and risk currently associated with buying and selling bitcoins.

I think these fees, inconvenience and risk for conversion betweeen bitcoin and fiat are possibly the most important indicator of the viability of the bitcoin economy, and I'd love to quantify them in different countries, and track them over time. Specifically, I'm interested in the percentage cost to transfer fiat to bitcoin and bad again to fiat.

Think about how hard it is explaining bitcoin to an average American who has access to 1st world services, internet etc. Now think of how hard that would be to explain to someone who has no concept of what the internet is.

Did my first trade on this site and bought 4 netflix codes from Lucas. I had some trouble with it, pm'd him here and he helped me right away. Great customer service, keep it up!

OP wants 0.1 BTC. Refuses to send anything as collateral. Offers up his Youtube channel as collateral?..? Who loans to these types of characters?

First off, I would not even consider selling btc with a reversible payment transfer method such as the bank transfer you mentioned. Your primary question is akin to asking "If I sold my gold to someone and he used that gold to fund mass genocide in Eastern Sudan, would I be held responsible". Why would you be held liable for what someone does with your product? Surely if I sold a block of Lego to someone and he used it as a bludgeoning murder weapon I wouldn't be expected to stand trial for it right? Now on the other hand if I had inside knowledge of the buyers intentions and failed to express my due diligence that would be a different story altogether.

There are certain nuances to your question that you need to clarify. Are you aware that the btc you sold will be used for illegal activities. If yes, possible trouble for aiding and abetting. Do you have an interest in the buyers successful transaction? That is would you stand to illegally profit from the transaction somehow? There's just so many variables to think about here I could go on and on.

Has anyone ever bought these on coingig? It seems like it would be extremely easy to post an unlimited number of 5 star feedbacks to yourself on the same day and nobody would even know. The feedbacks don't even have dates on them and you can't even look at the history of the seller, only like the last 5 items he's sold.

I just don't want to buy one of these, load it onto my Starbucks card and then realize that they were bought with stolen credit cards. That would be a bummer.

Are you still selling? It says not available in the store.

Do you have the sellers username and ad so that other users can avoid the same mistake?

I'd totally tip her if I was eating there! Seems like an interesting person to talk to. She's obviously informed about bitcoin and knows enough of her stuff to go out and get her address printed on her shirt. I wonder how many "What's a bitcoin?" she gets from people. She's spreading the btc love, we should all tip her a bit!

Reminds me of this funny article from New Zealand. The parents wanted to name their kid "4Real" but it was rejected by the authorities. Hah, think about the school jokes --"Are you...4Real?". They ended up naming their kid Superman.

http://news.bbc.co.uk/2/hi/6937327.stm

Have you tried exercising in the mornings? It helps get those feel goods hormones floating around and personally makes me feel a lot better for the rest of the day. You could start with simple stuff if you've never really worked out. Try some lunges in place or jogging in place for 10 minutes but at a high intensity. Just ask if you need more suggestions.

I would live in Japan. Beautiful country overall and close to the rest of the world, aka not the U.S. I wouldn't have to spend a boatload of money to travel to Europe, Asia or Australia if I lived there as well.

Could someone explain to me how bitcoin, a deflationary currency, is supposed to be successful when it rewards those who hang on it it? A currency like that would inherently lead me to believe that no inroads would be made in the future in regards to it's development because who wants to build bitcoin ATMs when not enough people are spending btc or accept bitcoin as a payment if there aren't enough spenders? While fiat currency has many many flaws, it spurs spending. You wouldn't want to keep your fiat in cold storage somewhere under that mattress of yours when you know it would be worth less next year!

You'd go out and spend it on something hoping to retain that value! By my understanding, this is the opposite for bitcoin. We've all heard the phrase "BUY AND HOLD"--is this literally what people will constantly do in the future with bitcoin? How will anything develop if there's no demand to spend in the short term?

Thanks for the good read. So basically the Romans, well a certain portion of them at least, devalued their own currency until it was worth nothing? Is that the gist of it? What if they hadn't done this and kept the Denarius at a certain percentage of silver? Interesting theories to think about!

Sorry I had a couple of more questions before making a purchase. I am a seller on Localbitcoins located in the U.S. Which payment method would I chose in order for the buyer to load their funds into my account? I see a couple of methods on Localbitcoins that may be possible;

1. International bank wire, any specific information I would need?

2. Western Union money to the account somehow?

3. Deposit cash into the account somehow?

4. Load Moneypak cards onto the account?

5. Bank transfer, but this account is Polish and most of my buyers will be from the US. How does this work?

I was under the impression that Paypal would be able to do "domino" chargebacks. No matter where he sends those scammed funds, his bank account, his other business Paypal account, they would all eventually be charged back to the source.

Excuse my ignorance, but how does someone like this scam with Paypal? I thought you can just initiate a chargeback if he didn't deliver on the bitcoins? Is he somehow withdrawing the paypal funds before a chargeback can be done? I thought Paypal would hold his funds if a dispute comes up?

I actually think competition is a good thing. Sure at the end of the day, 90% of new alt coins that come out are junk! but the other 10% may be revolutionary. That innovation will not have been realized if everyone were to be content with just Bitcoin, Litecoin and Peercoin.

Just my .2 btc

I'll test this out for you and report back. I'm always down to try something new. I don't know what could have been so hard about giving a little feedback that all the other testers just withdrew your btc and ran. That's kinda rude.

So you're unwilling to send money to a seller via an irreversible payment method such as cash deposit on Localbitcoins but you expect sellers to take paypal? Really?

A simple google search will return you many horror stories of BFL non-deliveries or deliveries way after the promised date. Do you ever wonder why they only accept non-reversible payments like btc and bank deposits? So you can't initiate a chargeback when you've realized you've basically given them a 0% interest rate loan of $2100 with nothing to show for it.

Here's one of many stories about them:

http://www.reddit.com/r/Bitcoin/comments/1nv0w3/psa_dont_buy_anything_from_butterflylabs/