Seems like I have to trust him that he has cash and is going to show up to the meet.  But yet he doesn't have to trust me and I have to prove I have the btc.  Doesnt make sense to me.  With hearing exchanges shutting accounts for using localbitcoins I am only doing face to face transfers.

Anybody that has the knowledge to hack this device has the knowledge to also know that even at 100% income there still losing money after electricity cost.  I don't see this as a issue.  I'm smart enough to know I'm going to buy a $20 toaster rather then a $10 asic toaster that raises my electric bill a few bucks a month.  These products are for people that will never look into how mining works.

I only sell face to face.  But I've had messages from people that say they won't meet me unless I put the btc in escrow first to prove I have them.  They say they don't think I'll show up to the meet unless I prove I have the funds.  Could this be a scam of some sort?  I like to just get the money then transfer using my phone at the same time.  To me it doesn't make sense to go through all the trouble of making g a ad for the sole purpose of wasting 5 minutes of somebody's time.  Is there a way to scam somebody out of escrowed coins?

This wil be for non bitcoin experts that dont understand electricity costs.  They will jump at a cheap appliance that makes them bitcoin.

Electricity cost would put you in a negative profit every month.  I think the idea is to get these into peoples houses that arnt bitcoin experts and don't understand how much electricity ASICs use.

What will happen in a few hours?

Most people did not hold long enough to sell at $1000.  If they bought for a few bucks or mined tons of them they sold at the $32 or $200 bubble.

GBTC has been trading for 2 days.  Shares have went for a premium over market price.  Demand outweighs supply.  All asks are being bought.  Most shareholders don't want to sell.  Flop?

I cant even get my wallet to sync.  Seems like you have to be a master coder to work around all the bugs with this complicated coin.  Now dev controversy with other coins and a 15% drop in price?  Im done with this coin.

What if case goes under?  Are your bitcoins locked since there servers cant verify the transaction?

Buyers wont need to wait for asks.  Shares will be available for market price.  Right now on gbtc demand is higher then supply.

I like the ask for $500,000 per coin.

Isn't coinbase the only USA exchange?  And there compliant.  Ripple is shit.

GBTC has started trading with no affect on market price...yet.  Only been 2 days.  Next significant date seems to be may 18th when NASDAQ Stockholm begins trading xbt provider which says they will back all shares bought with bitcoin.  Seems like this could have a much more immediate affect on price.  Volume will also be waaaay higher to start.

This just shows how undervalued bitcoin is.  I guess miners and speculators are happy only getting $236 per coin.  Rather then pulling there coins off the order books and letting the price go up.

Winklevii are probably foaming at the mouth after seeing these shares go for over double market value.  Probably on the phone with the SEC right now lol.

Ya I guess I'm thinking more down the road.

Some investors might not even know they own bitcoin now.   There portfolio says 10% investment high risk tech stocks.  So there broker is going throw money where they need to.

Nobody is buying or selling actual bitcoins with gbtc.  They are shares of stock.  Completely separate.

Good lord.  It was the first day of trading gbtc and the reasonable asks were instantly bought.  Give it some time.