If you want to sell on ebay ,they stated that they only cover physical items ,you are free to offer services or digital items but in the case of a dispute or claim you will not be covered and could receive a warning .

I want the community to specifically point out that blockchain info is a bitcoin trusted public source that provide a searchable database to close the chargeback scam down on bitcoin transactions .

This service would be tracable unlike other digital /virtual items services ,in effect exclude bitcoin from this blanket ban they currently have .

For now I just want to show Blockchain.info as a reliable source to prove bitcoin actually was sent to the buyer .It will be a big hurdle crossed if people could simply contact them pointing this fact out .Then we can possibly add other obstacles.

The faster the hashrate in the network the higher difficulty gets, simple .no affect on price .
less miners, difficulty reduces or rises by less.No affect on price .

Potential affects :-

More miners ,more bitcoin for sale, price reduces .(need more buyers to stabilise price )
less miners putting bitcoin onto market, price rises .(need more sellers to stabilise price )

Difficulty is to control mining ,a block of bitcoin currently 25BTC will be created by mining on average every 10 minutes till 2140 .

ps . what difference does cleaning hardware have to do with anything ,cleaning equals taking dirt of bitcoin

I see this bubble analogy being banded about .

What makes anything a bubble ?

A bubble as I understand is something that is artificially pumped up with no real underlying market to support the bloated price ,so eventually the overinflated balloon has to burst and return to the underlying market price as made by the real economic market .

An example I have, Is the policy in the UK were the government has taken funding from all public services and reallocated it to give people loans so they can afford the 20% deposits they need to buy property .

The bubble in our housing market is caused by this artificial pump by our government ,Now we know the bubble will burst, when the government first remove this loan feature ,which they just have started to do, then the pin that will pop this particular bubble will come when after the next election they allow the artificially low interest to rise to their natural rate which will quite quickly be 6% ish.
Property prices will crash and all the people who overextended themselves by taking the government loan for deposit initiative .

The bubble will pop and the price of property will crash to the real market value which is :- (3 times average wages will equal the price of an average house). average wage currently, UK 30,000 = average house real price 90,000

The current average is around 200,000 pounds or around 7 times average income .,so obviously either wages rise to average 65,000 or house prices reduce to 90,000 natural supply demand and loan structure .

Government create bubble =keep interest rate at .5% artificially and loan people deposits allowing people to purchase what they cannot afford .

We can see this bubbly it is so obvious

Now given my example how does this relate to bitcoin .
From what I know there is no government or bank or any one individual or even group of individuals capable of creating artificial price increases ,there are high wealth people able to move price higher but it would not benefit any one ,it would benefit every single holder of any amount of bitcoin .

pyramid scheme = benefit a few not masses ,The opposite happens with bitcoin .
pump and dump = benefits a few ,the dump happens once and the few that benefit exit with fast profit . Bitcoin has had big highs over its 5 year existance and also large drops but this multiple highs lows eliminates this as a bubble since the dump reduces price to worthless and it never recovers leaving the masses with worthless holding ,since bitcoin is held by millions of individuals all over the globe using bubble beside bitcoin is becoming increasingly ludicrous .

My question is why would a highly publicised economist like schiff with a great reputation keep saying these things ,I would love him to explain how is it even possible to honestly with a straight face say these silly statements .

Millions can mine ,so millions own a part of bitcoin .
millions can buy ,so millions lose or gain from highs or lows
What small group of people would benefit if this was some elaborate scheme ?
The merchants accepting bitcoin is growing daily providing a base market value .
The only thing that can send bitcoin to worthless is a major flaw in the protocol everything else sends it higher ,surely there is no were for a scheme to be had from bitcoin ?

Minimum balance limitations
 You need to have at least the advertisement minimum sell limit and 1 BTC available in your LocalBitcons.com wallet.


This is a copy paste from localbitcoin.com

Here is a link :-
https://localbitcoins.com/guides/how-to-sell-bitcoins-online

the text is half way down.

No issue with buying just 1BTC to sell as far as I am aware

In my conversation they do not know what a bitcoin address is let alone how to generate one ,explaining that you can download a wallet anywere but have 100's of addresses seemed to be complicating the conversation so to keep it simple I kept to a wallet and one address .

Their quote is that they do not support digital /virtual goods being sold since they have no way of tracking them,therefore cannot offer buyer/seller protection .

I feel baby steps are required ,if we could focus on them just using blockchain info as their officially accepted  proof to at least prove a seller actually sent the coins to the address supplied by the purchaser this would be one big step for bitcoin.While giving bitcoin sellers some security .

I see what you mean ,I was more implying that at the moment none of these companies are aware of a ledger .
Since blockchain info is a public blockchain and have a easily searchable database I was thinking they would be the place to go for ebay and paypal to use as their official go to record to prove a bitcoin transaction happened to close down the current paypal scam being used on legit bitcoin sellers .

We all have the ability to download the blockchain but the problem with such as ebay or paypal is they need to work with a company which is a hurdle for our decentralised individual versions of the blockchain in bitcoin-qt. So when I say official I mean a none bitcoin companies official .

If there are any reason anyone knows of, that this would not be appropriate for them for any reason please speak.

I will check point one but from what I was lead to beleive you can sell as small amount as you like but must hold one bitcoin on the exchange at all times .Will provide evidence directly from localbitoin directly either way .

Cannot see what you are correcting in my initial statement . I stated blockchain info can be used by paypal/ebay as an easy to access public record of any transaction  .What are the factual errors please ?
Is Blockchain not the best way for these companies to officially verify transactions ?

I just want to say that even though you may get a response of "we do not allow the sale of digital " from any communications ,each effort will add weight to the overall community bitcoin adoption .

Much like every pound /$ saved in bitcoin takes 15 away from the banks power .

The simpler the letter the more they will understand .

Just include in the letter that paypal is being used to scam people out of bitcoins .
Blockchain,info has an official ledger of all transactions .
Therefore to close this scam down and protect bitcoin sellers could they look into officially recognising Blockchain info as legitimate proof that bitcoin seller actually transfered his bitcoin to the buyers supplied bitcoin address  to eliminate scam chargebacks .

If you talk to paypal ask if they would consider adding the option to verify a bitcoin wallet with them to purchase items ,and that they could use blockchain in the event of a dispute .The buyer and seller would need verified wallets .

I have just spoken to paypal .
The representative was not aware of blockchain info .
I explained the way it works by recording all legit transactions and the confirmation process .

I suggested people verify a wallet address with them to allow them to offer protection to buyers or seller of bitcoin and purchasing of goods through a verified bitcoin wallet all confirmed by blockchain.info .

Paypal are open to policy changes/ additions and this information will be put forward .

If there is enough interest they will look to work with Blockchain info .

So it is now up to us to communicate with them .

A simple e-mail or phone call  and every one will add to blockchain being adopted as an officially recognised ledger for them to prove transactions happened.

We in bitcoin know its an official global ledger of transactions ,e-bay or paypal do not ,please support this and maybe soon ebay/paypal could be friendly to us .

I have today spoken to e-bay about protection for bitcoin sellers .

The representative outlined their concerns with digital items including ,games ,antivirus software .
They can offer protection for physical goods because they know how to track postage and that the buyers actually received the goods bought .
But any virtual,digital goods are impossible to track so they blanket do not protect these transactions .
You can put up adverts and sell but if you have a dispute or your advert reported it is likely to end in your adverts being taken down and a warning of some sort issued .

I explained that unlike other digital items the protocol behind bitcoin is an official record of every transaction of every bitcoin transfered from one address to another and that they could turn paypal and ebay into an acceptable place to sell bitcoin simply by understanding and accepting blockchain.info as an official record of bitcoin transactions .

I explained that if they implemented a policy that officially recognised blockchain info as a receipt and proof of transaction they could protect buyer and seller .
paypal protects buyer .
Blockchain protect seller .

I also explained that the other option was to sell on localbitcoins.com but they need you to have a margin of one bitcoin to trade there which currently stands at around $900 /600pounds which is to much for small players .E-bay which has currently no minimum would therefore be preferable with a minor tweek in policy .

I would like the help of the community to turn paypal and ebay into bitcoin friendly environments .

The more people that phone ebay /paypal asking for blockchain info to be recognised as an official form of ledger to prove the seller transfered the coin to the address supplied by the buyer ,the more likely they are to implement this policy .
All we need is people to pick up the phone and request blockchain info be official proof of transaction .
I do not think their is a big conspiracy against bitcoin they currently do not know how to track transactions ,please let them know .

Thank you peeps .

There are lots of people selling Bitcoin on ebay ,they have a crpto currency section for it so I cannot see it being an issue .

They will not let you accept bitcoin as payment for goods ,all my adverts that offered bitcoin as a payment option were taken down .

So many people I see on the forums throwing money at pre orders that never deliver on time .

Check the history of the manufacturers delivery record .
Up to now most manufacturers only seem to deliver once difficulty reaches a point were breakeven is impossible .
Highly suspect they use your money to mine then dispatch them ,I may be wrong but without any proof to the opposite it seems suspiciously likely .

It may be very surprising to believe but central banks actually make money out of nothing yep NOTHING .

The money from nothing is lent to high street banks at 0.5 %

In Britain every pound can be lent out by the high street around fifteen times .

Who eventually pays for this money ,us suckers, every single bit of it .It is called true inflation which is currently running at 10%.

Google = Re-hypothecation ,fractional reserve banking , for the 10% inflation check out food and fuel/commodity prices 2003 and compare to 2013 commodities .then come back and correct me .

Bitcoin is the peoples chance to fight back against banksters .

1) No re-hypothecation .

2) No fractional reserve thievery .

3) Deflation were stuff gets cheaper . this is the "garlic bread" of finance ,it is the future .

If people actually knew how the banks backed by government really worked there would be a revolution .

I cannot see many people willing to part with bitcoin when you only registered a couple days ago so have no history .

take your time visit the mining section.
What is the rush for mining equipment ?
What manufacturer will not accept cash ??
If you do get the coin you will still probably have months before you see a return ,do some small transactions for coin and build up a rep then it will be easier .

I have a few usb asics mining in uk ,nice to see something UK based since everything seems dominated by usa.

I wanted to start a business that accepts bitcoin but all the payment processors are eur or usd not one gbp based tool .

None of my customers would want the hassle of doing sepa or international currency to get some work done  to their properties .

I personally have 11 usd asicminers in oil in my garage in the Uk ,they have been there for about 3 months and never get above 22 degree's celsius. Did this to test the theory.

My garage is made of Brick and concrete and is very cold even in summer ,my parents have a solid concrete garage that seems to be cold even in summer .

So my suggestion for larger scale building is scale up what I got .

1) Solid brick/concrete structure .

2) Built in the shade of larger buildings .

3) place harware in mineral oil .

I personally have no oil pumps or fans  ,but if heat does cause issues circulate the oil in copper tubes through a container of cold water and back into the hardware containers control the circulaating pump with a pulse wave modulating controller to maximize cooling .

In the 3 months I have done this my asics and my graphics card for gaming have worked without issue .

If you mean mainstream as in Mass population using it as a payment tool ,then I believe one thing will make it happen and that is the paying population need to be able to buy the exact same item cheaper by simply using bitcoin .

If online retailers or bick and mortar were to pass on some of the savings from not using paypal and credit cards and highlight this with a price comparison then the paying public would seek out places to obtain Bitcoin .
I truly believe until the public can see a clear reason to use it (the cheaper items ) them adoption buy consumers will struggle .

The main percentage that use bitcoin use it to store wealth just like gold and protect against fiat re-valuations by individual economies .

The current european/British legislation being implemented were depositor funds will be used to bail out banks should incentivise any depositors to think twice about holding cash in any bank .