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Finnish:
1) Tee tunnus osoitteessa
blockchain.info/wallet
2) Osta bitcoineja osoitteessa
localbitcoins.com
3) Bitcoineja voi säästää, käyttää
kullan ostamiseen tai rahan lähettämiseen
ulkomaille
4) Voit vaihtaa bitcoinisi käteiseksi
osoitteessa localbitcoins.com
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Things are slowly moving forward. Couple of new features:
- Online "cash out" ads, or sell ads. You can add possibility for "cash out", for example with paypal. Obviously reputation matters in these deals hugely.
- Now if you choose "SEPA" option for online ad, it will show in the whole EU automatically.
Our next focus will be improving the reputation system and trying to implement some way against spammy ads etc.
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Honestly, if whoever this Satoshi person was wanted to do anything nefarious or silly, why would they make it open source and available for everyone to look at? The logic some people use for this kind of thing doesn't make sense.
Do you honestly think that bitcoin would have gained traction while being closed source?  |
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Digital currencies don't care if the world is ready.
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Currently many of the location searches are not working, I'm trying hard to fix them.
A seller/buyer search would be fine. You can just use localbitcoins.com/p/<username>/, for example localbitcoins.com/p/kangasbros <- my profile |
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I was trying to sell 1BTC earlier (online bank transfer with escrow), I filled out the form correctly as I usually do but my advertisement always says I have no BitCoins or I'm on vacation. (I had 1.01 in my wallet).
So I topped up my balance to 2BTC, and then tried again to sell 1BTC, but still the same thing.
Is there a minimum for selling online using escrow?
Hi, the minimum is 2 BTC, it will soon be changed to 1 BTC. Currently many of the location searches are not working, I'm trying hard to fix them. |
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Honestly I don't see the benefits in this business model. Buyers will avoid it, since there is no protection, and for the sellers it is still as expensive as bitmit & other similar marketplaces which attract buyers because of the escrow and feedback mechanism. The reputation is a problem already in clearnet services, and when this advocates more anonymous markets using tor the reputation problem will be even more pain in the ass.
I would suggest switching the business model to something more market-placey. The conventional webshop model doesn't work in bitcoin world IMHO. Just my 2cents.
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So what is the smallest usable transaction that is possible with bitcoin?
Can this figure be made smaller or is that a hard fork problem?
It is dynamic problem. Currently smallest possible transaction is very low, because feeless transactions are allowed to block chain. However the fees will rise as bitcoin becomes more popular, so will the smallest usable transaction. I don't think that is an urgent problem at all to bitcoin. And I don't recommend trying to solve the problem by arguing on the internet forums, or spamming the developers. There are lots of alternative cryptocurrencies, it is best to try developing those if you are interested in microtransactions. Bitcoin itself doesn't need to be usable for those IMHO, at least urgently. |
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Bitcoin doesn't work with microtransactions, deal with it. Essentially low enough transactions have negative value, because it costs more to use them than they have value. Or maybe now you will get some transactions done for free, but soon that won't be the case any more. So the "free bitcoins" site are actually "free spam" sites - great concept!
Of course you can leave them to your wallet and try to use them slowly alongside regular transactions.
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The problem with small transactions such as these is that they have essentially negative value. It will soon cost more to spend them than their face value is  You know, the miners will want their fees. |
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But that's not what happened. Those extra coins are somewhere in localbitcoins but not in my wallet. I don't know how to get them back.
Any advice? Thanks
Hi, the case is now resolved. The temporary wallet over-fundings were automatically returned if they were cancelled, but in this case the the escrow was resolved and the funding hit the wallet after that. We'll fix this special case to automatically return the bitcoins to seller from the temporary wallet. "Purchase Bitcoins Online, ..." worldwide
Small tweak?
We are making some changes here, which will enchange the online selling visibility. Its really annoying! More and more spammers and dead accounts. Browsing the ads for active and solvent traders is like grave digging.
Inactive accounts with old ads should be deleted. Please muck out the stable!
We are working on this. We have currently expiration time for the inactive advertisers, the next step is creating some kind of barrier to creating lots and lots of ads. |
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Some country-related cover here: localbitcoins.com/statistics
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But my ignorance aside what sealed the deal for me is the amount of money the founders are set to make from it. You can almost feel the greed surrounded by this Ripple stuff.
I see no problem with this. However the project is closed source which doesn't promote trust in the system otherwise. |
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Arbitrage opportunities will vanish once someone produces a Ripple client that merges the view of order books from multiple exchanges.
All business opportunities will vanish if we fast-forward enough time to the future... |
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Example:
Bistamp issues ripples in USD and BTC
mtgox issues ripples in USD and BTC
These can be withdrawn and deposited at will. Then these can be traded on free markets, without fees. And if the transfers are isntant, it is also very useful for those who do the arbitrage.
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I hate all the fees.
I hate the spammers who bloat the block chain. |
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Yeah as I looked the deposit/withdrawal methods with btc-e are really weird. And it wasn't clear what the fees were.
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Nanaimogold always sells bitcoin for less than Gox.
It's not a platform where you have to wait for another trader to accept your offer, it's a real exchange service. You just make your spend and receive your bitcoin - no waiting for someone else to counterparty.
Payment options are pretty limited... And if I go with Western Union, the fees are so high that the fact that the bitcoin prices are 0,01 cent cheaper hardly matters |
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I guess I'll try bitcoin-24 then! Nice that they have clear fee structure now.
Anyone here knows what is the liquidity/spread/volume like?
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