Resolved! Thanks Nelisky.
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Many people including myself can trade on mtgox or bitcoinmarket, etc very well and at reasonable spreads. there is no incentive to buy from you unless you 1) prove that you can be trusted and 2) offer a better price, at least 10% below current mkt price
The magic of bitcoin is that you don't have to be trusted. Once you send the coin. Bam. Perfect.
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It's great that you have bitcoin on there, but it doesn't seem right. There is no bitcoin exchange rate anywhere that I can see. If I start to trade 100BTC for Paypal it tells me I get $93.10. Obviously that isn't right, it thinks I want to spend $100 worth of bitcoin, but nowhere is it shown how much that is.
At the bottom of http://www.nanaimo-gold.com/rates.php one sees "Current BTC exchange rate is 0.081155 USD" And a link to "bitcoin data roundup", http://www.nanaimo-gold.com/get_bc_rate.phpAh, sorry. I must be blind. So it is that price, plus the 6.9% fee? Still pretty good.
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Nanaimo Gold trades in Bitcoin, Pecunix, c-gold, Liberty Reserve and HD-Money Accepting fiat payment via Western Union, MoneyGram, Money orders and Cash by Mail Trading in CAD, EUR, GBP and USD over 5 years experience. http://www.nanaimo-gold.comIt's great that you have bitcoin on there, but it doesn't seem right. There is no bitcoin exchange rate anywhere that I can see. If I start to trade 100BTC for Paypal it tells me I get $93.10. Obviously that isn't right, it thinks I want to spend $100 worth of bitcoin, but nowhere is it shown how much that is.
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Hmm.. Stefan hasn't responded to my 2nd email yet. I'll email him again in a couple of days. He's probably busy.
I've also contacted him about Bitcoin, but he seems to be pretty busy. I also don't think he really cares that much about money because he made a fortune as a software entrepreneur before becoming a full-time philosopher. But I think he would like the *ideas* behind Bitcoin. Maybe ask Satoshi to do an interview with him? I know he made some money, but he definitely wants to raise money from listeners, he mentions it in every third podcast. It makes complete sense to me, he is doing/has done an amazing amount of labor.
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There is no such thing as *positive social order*, there are people, if people freely choose to use it then it is positive for them.
If that was true, then everyone was free to do as they felt would most benefit them, be happy about it and it would be incredibly hard to control them. I mean, we would have to come up with religions and governments and, if all that failed, we would even need a way to control what they could own or trade, so as to force them to comply to a set of rules made up by some institution we would have to create just to make up those rules... oh... wait... You would probably need over a million police and soldiers to keep people from doing what they wanted to do... that doesn't seem possible... oh... wait...
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There is no such thing as *positive social order*, there are people, if people freely choose to use it then it is positive for them.
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When people make a reserve it can be impossible to win.
I bid high on something, but my bid only goes up to what it needs above the other bidder. This means I can't bid up to the reserve amount.
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Freemoney haha, settle down! I'm asking if it's legal per bit's own personal rules. He's the OP, he can make up his rules how he wants Okay. :-) I'm going to chill. I just refrained from making another snarky tax post in a different thread, I'm aware of my problem. I'll work on it, but no promises.
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So how would selling things for BTC as S3052 suggested work? You tell Ebay what the value of bitcoins is and pay them based on that?
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Are payments handled buyer-to-seller on Ebay? Or does Ebay act as money middleman?
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Right, all I was saying is that $1000/person/day really means "Keep all transactions under $1000".
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How could that possibly be illegal? And does anyone care? There is no freedom in following laws.
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The article is full of plagiarism from Bitcoin Market and bitcoin.org.
Hooray! Is it the April mag or the August? Is it just coming out now?
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You can't tell if trades with 15 different address are one person or 15 and neither can the IRS.
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The trades aren't "fake". It's just that the market right now is BTC vs "MTGOX USD" which will be paid at some point in the future by some undetermined method. Since this type of dollar is worth less than a real dollar a bitcoin is worth more of them. Make sense?
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I am very interested in this. It seems very hard to implement, but I really wouldn't know.
One thought:
Won't players need to send bitcoins to an 'account' so that each bet doesn't need to go through the bitcoin system and to verify for table stakes purposes? Do some multiple escrows hold this?
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People tend to get into things gradually. The example was just one of many possible ways for someone to get interested that didn't involve spending a lot of money upfront. Buying a small amount would probably be fine for most people, but that seems very hard now, since PP has chargebacks and new people have no reputation. So it would be nice if people could get a bit without having to wait a long time, hand outs are fine too, but I think they cheapen it a bit "oh, people just give these things away, they must not really be worth anything" sort of thing.
New people could earn bitcoins by joining talhoe lafs when bitcoin micropayment integration are built in. It make easy for people to earn a little bit of bitcoins. Sure, I didn't mean to imply that pooled generation is uniquely necessary or something. Eventually I hope there will be lots of microjobs people can do for BTC.
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In the >50% attack. A transaction can get an arbitrary number of confirms and then eventually be undone by the attacker making a longer chain that doesn't contain the transaction, then he can spend it again at will any time in the future.
So no, you can't tell until the transaction disappears at which point it will be too late.
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People tend to get into things gradually. The example was just one of many possible ways for someone to get interested that didn't involve spending a lot of money upfront. Buying a small amount would probably be fine for most people, but that seems very hard now, since PP has chargebacks and new people have no reputation. So it would be nice if people could get a bit without having to wait a long time, hand outs are fine too, but I think they cheapen it a bit "oh, people just give these things away, they must not really be worth anything" sort of thing.
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