Here's a thread specificially for people like yourself. The thread is monitored by individuals who have funds in Mt. Gox and cannot withdraw through Dwolla, so they would gladly trade MTGUSD or BTCs with those who have Dwolla USDs: - http://bitcointalk.org/index.php?topic=78512.0You'll have no problem finding a counterparty, just be careful with whom you trade. The OP in that thread lists his #bitcoin-otc Web of Trust (WoT) history and it shows a pristine trading record. - http://bitcoin-otc.com/viewratingdetail.php?nick=gigavps |
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You don't actually ever touch the coins yourself with an MSP.
Or sell egiftcodes at least so that some other vendor (e.g., SpendBitcoins.com, BTCBuy.info, GiftCoin.net ) can sell them. |
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Catchy tune ... ended up being stuck in my head for a while after. |
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Frequently, I just need to get them some dollars, but I don't want to use traditional systems. So I'd like to send them Bitcoins and refer them to another local Bitcoiner who might be able to easily do the exchange and get them dollars.
[Update: Heh, pasted wrong reply in this post initiially. Fixed] So you want a cash out service. There should be plenty of people willing to buy bitcoins with cash, as there are no exchange fees or costs to transfer the cash after depositing at a bank. |
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Anyone attend? Did they wear Bitcoin shirts?
Pics?
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Very interesting indeed, now can anyone vouch if that site is legit?
I might have to try it out before the RMAH goes online.
edit: bah it seems it's not a site or exchange, just a thread with people posting their prices.
Ogrr is a special type of forum though. Ogrr.com serves as a wallet. And there is account-to-account (A2A) transfers, so you can send your bitcoins right from within Ogrr. Here's more info: - http://bitcointalk.org/index.php?topic=55577.0Just like here on BitcoinTalk, the use of forum history (including age of account) and post count are used as rough guides to evaluating trustworthiness. Ogrr also displays your wallet balance, so a trading partner can confirm that you truly have the necessary amount of funds in your account. Of course, that alone doesn't prevent a scam from occurring. They are discussing an escrow system for helping their trades but there's nothing decided on that: - http://ogrr.com/viewtopic.php?f=6&t=528#p1786That specific offer was from someone with just 2 posts so your concern might be warranted. What you could do is to see if that individual will work through a trusted escrow partner from the #bitcoin-otc Web of Trust (WoT). Essentially, you pay to the escrow, the seller sends you the Diablo 3 gold and you release the payment upon receipt. If you never receive the Diablo 3 Gold, you'ld need to give the escrow party access to your Diablo 3 account (with a temporary password) to verify, I presume, before you'ld get your bitcoins back: - http://webchat.freenode.net/?channels=#bitcoin-escrow - http://bitcoin-otc.com/viewratings.php - http://bitcoin-otc.com |
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Hawala is a term for where two or more hawalders work together to transfer funds from point A to point B. What you are describing instead is your wish to find someone selling buying bitcoins for and paying cash [Updated after reading reply]. That's a simple person-to-person exchange.
For the most part, Bitcoin can replace the Hawala networks. Instead of one international cash transfer transaction, there instead are two domestic cash transfer transactions with the crossing the border part occurring through Bitcoin's P2P network.
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I see there is buying and selling of Diablo III Gold on Ogrr: - http://ogrr.com/viewtopic.php?f=421&p=19473#p19473The offer there (10k for 200 mBTC) converts to per 2.0 BTC per 100K Diablo 3 Gold. So that's an offer to sell just over $10 per 100K at current exchange rates. This Diablo 3 Gold <--> BTC exchanging is going to get interesting. |
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Liberty Reserve (LR) is non-reversible, just as Bitcoins and (for the most part) MoneyPak codes are. With LR and MoneyPak there isn't much opportunity for escrow to be done, without there being fees and risks to the escrow partner. Do you have a trust rating on the #bitcoin-otc Web of Trust (WoT) perhaps so that a trader can be more comfortable entering this type of trade? (or, will you send the MoneyPak first if the trader has a good trust history with the WoT?) - http://www.bitcoin-otc.com - http://bitcoin-otc.com/viewratings.phpIncidentally there is a BTC -> MoneyPak service, http://BTCPak.com but they don't work with LR so this might be a useful service for some. I can however provide you with LR, Western Union, and Virtual Credit Cards.
So you are saying that you will also accept a MoneyPak code and will then pay out Liberty Reserve (or Western Union, or Virtual Credit Cards) for those MoneyPak funds? |
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Good to know, thank you. Why is there a hard limit at 100 and what happens if I go over 100?
Several forums that I've read recommend that I use a new address for each transaction. That would add up real quick.
The client tries to keep 100 unused private keys available in a "key pool". So the first time an address from your wallet receives a payment the client then marks that address as being used which brings the number of addesses in the key pool below 100. The client then adds a new one automatically. You can specify on startup a size of the keypool so that the client will keep a greater number or fewer number of unused keys. - http://en.bitcoin.it/wiki/Key_pool |
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He's essentially offering a CFD. It's a valid derivative, and only gambling insofar as much investing on exchanges is gambling. It's not kind of clean CFD because BTC is never converted into USD. I can not take long position I was thinking it looked like that was a request for someone to write (sell) a BTC PUT option (European style): - http://en.wikipedia.org/wiki/Put_optionThe variation though is that instead of exercising the option at the end you instead settle with the PUT writer for the difference between the strike price and spot price at expiration. Using your example, the PUT option you are looking to buy would look like this: Contact (Asset): 1 BTC Quantity: 1,000 contracts (of size 1 BTC per contact) Expiration: 6 months, Strike price: $5 Premium: .025 BTC (per contract) You are describing the need for a guarantee fro the PUT writer that the "BTCs will stay intact". Even with 2 of 3 (M of N), that is putting the PUT writer's bitcoins in escrow under control of a third party. What happens though if the price drops more than 50%? So let's say the exchange rate ends up $2.25. Thus the settlement is ($5,000 - $2,250) / ($2.25 BTC/USD) = 1,222.22 BC. The call writer owes you 1,222 BTC but there are only 1,000 BTC escrowed. |
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i was always curious how much a good miner earn in a month?
It depends on a lot of factors. Right now for anyone paying in the $0.20 or more range for electricity, for instance, is losing money when mining at current difficulty and market exchange rate with relatively efficient hardware (e.g., 5870s). So in those instances, it doesn't matter how little you pay for hardware, it currently is not worth it to send electrons through. |
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Upon investigating with blockchain.info it's showing that an hour after I deposited 32 bitcoins into instawallet.org they were split up and transfered to multiple other addresses.
InstaWallet is a shared (hosted) EWallet. The address you are given is simply a receiving address in InstaWallet's wallet.dat. Those coins will move and be sent out for transactions from other InstaWallet users, all whom share the wallet database with you. InstaWallet keeps track of accounts and will show you your balance. |
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