One of the biggest barriers to getting into bitcoins is the tedious process of going through several payment processors to actually get the bitcoins... Besides cash itself, the other alternative I can see would be money orders where you know that you can cash it without having to worry about check fraud and waiting for it to clear.
So, why don't more exchanges have this as an option?
Money orders, like checks and other demand instruments, are reversible (in certain circumstances), while bitcoins on the other hand, are not. "A money order can be lost or stolen and there are procedures for reporting that. Losses could occur even weeks after the check has cleared" - http://en.bitcoin.it/wiki/Payment_methods |
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At the time, it may have been hard to forge an alternate history for the coins, but 10 years later, it may be much easier. The software doesn't work that way. Old transactions are not discarded. Also, the ability to spend your bitcoins requires the encryption keys that are in your wallet. - http://en.bitcoin.it/wiki/How_bitcoin_works#Cryptography |
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although I can transfer $$ into my account with them (from my Australian bank account to an Australian bank account held by them) I cant see any option to transfer $$ out to an Aussie bank account (only bitcoins).
There are a few individuals on the #bitcoin-otc marketplace who will buy bitcoins and send payment in AUD bank transfer: - http://bitcoin-otc.com/vieworderbook.php?eitherthing=AUD Obviously you'ld want to use an escrow if the counterparty doesn't have a good trust history in the OTC WoT (Web of Trust) There also was rumblings of some type of exchange. Have you chatted with others in #bitcoin-aus ? http://webchat.freenode.net/?channels=#bitcoin-aus |
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What about the option of using something like dropbox?
Though it might work if you can ensure that only one computer will ever run the client at a time, the likely even bigger problem is that for that method to work you would have Dropbox backing up your wallet.dat without encrypting it first. http://en.bitcoin.it/wiki/Securing_your_wallet#General_Solutions "Your wallet.dat file is not encrypted by BitCoin. Anyone who can access it can easily steal all of your coins" So again, the answer is no -- do not try to share the same wallet on more than one computer. |
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I am trying to not have to worry about the delay in Mt. Gox's SEPA transfer, and perhaps Liberty Reserve purchase through another exchange may be easier Use LIberty Reserve through an exchange as the last resort. If you have a method of getting funds to an bitcoin exchange without having to route it through LIberty Reserve, the end result will likely be less expensive. I would like to try depositing some CAD or USD or EURO Generally, an individual generally only has one of those. For instance, if you life in the U.S., you generally aren't interested in depositing some EUR. Take a look here, and if you still have questions, feel free to ask. - http://en.bitcoin.it/wiki/Buying_bitcoins |
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So what if you're selling BTC to someone, and they want to pay via PayPal? I was thinking you could mail them a USB stick or DVD or something with the BTC on them, hang on to the tracking number, and use that as your proof on PayPal if they tried to overturn it? Paypal warns: > The following are examples of items/transactions not eligible for PayPal Seller protection. > Claims or Chargebacks for Significantly Not as Described. > Intangible items, including Digital Goods, and services. > Items that are not shipped to the recipient address. If you originally ship the item to the recipient address but the item is later redirected to a different address, you will not be eligible for PayPal Seller protection. A dispute with one or more of those and kiss your PayPal monies goodbye. Even with a tracking number. Other reasons PayPal will honor a dispute by the buyer: - "my dog must have placed that order" - "It was Wednesday" - etc. https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=ua/UserAgreement_full |
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I'd like to know if I am the only one something like this happened to The closest thing I can think of is where I registered (with some other service, not Mt. Gox) two usernames without realizing it. Logged in as the wrong one and saw no activity. I placed an order and I sent 10.5 btc in. The way you wrote it confused me. Just to make sure I follow, You had a balance after adding Dwolla and using that balance placed a buy order which got a partial fill. You then, coincidentally, did an Add Funds -> Add Bitcoins entered 10.5 and then clicked Send Bitcoins. Then you sent 10.5 BTC to the address that you got from Mt. Gox: 1PsAZgtbsYLEqo7k1gxakyyYgRRhUoSrDS It should be easy for someone at MtGox to check to see if the address I sent it to was one generated by them It should be easy for the accountholder to check to see what that address was, on-demand, at a later time. Mt. Gox doesn't provide that, but it should, in my opinion. So I listed that under the exchange's Criticism section. Maybe this will change when the site gets an update. - http://en.bitcoin.it/wiki/MtGox#CriticismAs far as no longer seeing any of the transactions or the funds added, hopefully the exchange can identify what the problem is. |
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I was under the impression that certain strong forms of encryption were illegal in the 'land of the free', on the pretext of fighting bogeymen. Presumably this is not the case? This excellent podcast covers that: "The History of the Cypherpunks" - http://www.bitcoinmoney.com/post/6136537609 |
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But maybe Visa and Mastercard don't want to deals with bitcoins? Yes, for two reasons: 1.) They don't want you to speculate using their money. This is the same reason you cannot add money to an E-Trade account using Visa and Mastercard either. 2.) Bitcoin is not only a formidable competitor to them, it is is more likely something that will be eating a good chunk of their business. The longer they can avoid competing with Bitcoin the better. That being said, it is doubtful Square will know for what reason you swiped a credit card through your friend's iphone, for instance. So they likely aren't stopping it from happening entirely but they are keeping using credit that way to a manageable level. |
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Here's the current block count: - http://blockexplorer.com/q/getblockcountThe address shows it was included in Block 129543, so once the client is caught up and includes that block the transaction should show. Is it still not showing? If so, there is the -rescan option on the client that can force it to re-scan the blockchain. |
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What would the economy of Bitcoin be like if it were used in virtual online world like Second Life? Would it be more "fun" to spend Bitcoin in a virtual environment? On a related note, from a co-founder of Second Life: - http://www.coffeeandpower.com |
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What do you guys think a world would look like where everyone can see what everyone else spent their money on. They could see you paid for a nose job, you could see they are tiling the kitchen, Sounds like WingCash - http://forum.bitcoin.org/?topic=4232.0 If I remember correctly, there weren't too many bitcoiners who were fond of the idea. Feel free to use it and report back though. |
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I'd happy being able to give the client a local IP and have it copy over the first 100,000 or so blocks quickly.
You can tell the client to connect only to the ip address of another client on your LAN: see: -connect=n.n.n.n http://en.bitcoin.it/wiki/Running_BitcoinI don't know how much faster blocks are downloaded though -- the amount of time isn't necessarily spent entirely on transferring. If you have a new wallet (no transactions yet), you can download the blockchain files: http://sourceforge.net/projects/bitcoin/files/Bitcoin/blockchain/Because your client relies on the integrity of the blockchain when processing blocks, you don't want to just use a torrented copy. Down the road, on the roadmap to Bitcoin 1.0 is a lightweight client that stores "headers only" so the time for a new installation to get to "ready" state will be shorter at some point. |
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I got an email today stating simply " your account has been suspended". No reason., I cant login and I have money waiting to be transferred. Frustrating!
Interesting. This is the first report of this that I've seen. Their terms of service are: http://www.dwolla.org/help/terms-of-use/Might one or more of those have been a factor? e.g., Multiple Accounts or an incorrect address? |
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