And difficulty going up just means there are more miners.
It is a misconception is that difficulty drives price.
But as price changes difficulty does change. Since as price goes up it attracts more miners.
Price determines difficulty. Not the other way around.
 However, the stronger the vault the less objection there is to storing wealth within it: http://www.bitcoinmoney.com/post/3573286726 Twitter: @BitcoinMoney |
|
|
|
See: CoinTumblr, which the wiki states as being mentioned first on the 26th though the link shows the 12th as its post date.
Fixed. Perhaps I should create an account on the wiki to correct this...
You could even earn bitcoins for helping! https://en.bitcoin.it/wiki/Bitcoin:Contributors_awardOf course that's not to say that I don't appreciate the news postings. I (and I'm sure others as well) are very glad of your efforts.
   |
|
|
|
Here's an update, this time US housing priced in gold ounces:  The chart measures the average US home price, divided by the annual average ounce price of gold. The bottom in house prices could take a while to reach yet. Article: http://www.marketoracle.co.uk/Article18219.html |
|
|
|
Got unwanted items lying around? Ship them off to a used goods exchanger, such as Gazelle (in the U.S.) or SpeedSell (in the U.K.) (SpeedSell will even drop by and do a pick up). Both provide compensation for the items in the form of PayPal, which you can then use to buy Bitcoins on CoinPal. http://www.Gazelle.comhttp://www.SpeedSell.co.ukhttp://CoinPal.ndrix.comThanks to noagendamarket for pointing out these offerings: http://bitcoin.witcoin.com/p/269#r-461I used the Comments form to provide feedback to Gazelle asking them to add Bitcoin as one of the methods they use to pay for the goods. |
|
|
|
|
I would have used CoinCard just now. I printed postage using PayPal -- with the transaction totalling about $1.50. Because I previously had sent money and drained my PayPal account to $0, I now will have a second ACH transaction by PayPal that will draw the $1.50 from my bank account.
I'ld much rather have been able to pre-fund my PayPal account with the $1.50 using CoinCard and then that ACH transaction would not have been necessary.
Bitcoin's utility just keeps increasing, day after day.
|
|
|
|
I want greater control over the escrow ending date. Contracts generally have specific date for things to happen and ClearCoin should match that practice by allowing me to specify the exact date (and time?) that the escrow ends.
Easy to do. How critical is time? Plus or minus 1 hour would be easy. The ability to pick a specific date would be more than adequate for my purposes. A contract would likely have a specific time so simply knowing what time ClearCoin will use so that the details in the contract can be written to match would be fine. Probaby should use a UTC for that. |
|
|
|
Incidentally, I had just assumed the words mediator and arbitrar meant the same thing. Guess not: Both can be binding; however, it is customary to employ mediation as a non-binding procedure and arbitration as a binding procedure. http://library.findlaw.com/1999/Jun/1/129206.html |
|
|
|
1. Give Bob (the person receiving the coins) a way to setup the escrow and send a link to Alice (who controls the account).
That might be nice. Here's a question though. If I'm willing to pay the escrow fee, I'ld like to be able to do that such that by the time my trading partner sees the escrow account the fees have already been paid. However if the transaction never happens (e.g., my trading partner backs out and doesn't end up sigining in to ClearCoin) then is there a way for me to get the escrow fee that I prepaid back? 2. Let Bob and Alice agree (in advance) to refund the bitcoins to an arbitrary address instead of a fixed list of charities. Like a mediator's address? This is the most critical feature, IMO. Though it will be awkward to try to obtain in advance a bitcoin address for the mediator for each transaction. Hmm ... 3. If the coins are refunded to charity, show Alice and Bob the transaction ID so it is easier for them to make sure ClearCoin isn't taking the coins.
If they are a 501 (c) 3 (U.S. charitable organization) , I might like that so that, at a minimum, I have a "receipt" to claim that refund as a charitable contribution. General feedback, criticism, etc. is also very welcome! - I want greater control over the escrow ending date. Contracts generally have specific date for things to happen and ClearCoin should match that practice by allowing me to specify the exact date (and time?) that the escrow ends.
- Will the threshold continue to be 100 BTC? When ClearCoin started, that 100 BTC represented about a $25 max amount. Today that is about a $93 amount. I'ld like to know if there is a general USD dollar amount target for the "no fee / fee" threshold, or can I cound on up to 100 BTC being free for quite some time yet?
- Jurisdiction: Might there be plans for a ClearCoin service residing in a different jurisdiction?
- Anonymity: Currently if my Google account gets hacked, then my ClearCoin escrows are vulnerable should the attacker know that I use ClearCoin. Are there any plans to allow registration using an authentation method other than a Google account?
|
|
|
|
One other thought: I do expect a drop in bitcoin prices as a result of this service being released into the wild. Bitcoin miners like myself who were saving up to meet the 800 dollar minimum required to get a wire transfer out of MtGox will now be able to sell their bitcoins much more cheaply and easily.
This isn't the first "redeem bitcoins for PayPal" option out there: But it certainly is convenient (immediate and a competitive rate). I agree that it will increase Bitcoin's utility as a currency. I don't know if I'd go so far as to expect it to significantly affect the exchange rate in the markets for bitcoins, except possibly in this one way: Assuming CoinCard executes the trade on Mt. Gox immediately, it is possible that CoinCard's volume will cause volatility on the weekend as the outflow cannot be matched with corresponding incoming funding to Mt. Gox until the following week. It wouldn't surprise me to continue seeing a pattern of the BTC/USD market rate dropping on the weekend and jumping back when newly added funds arrive Monday afternoon through Thursday. |
|
|
|
And on slightly related note, there's another open source project that possibly might be of interest to some here: BOSS Open Source Teller System Demo: http://oswco.com/teller [I don't believe the source has been released yet] |
|
|
|
One thing he said to me, which I think has a lot of merit, is this:
"I am surprised that there's no answer or question for "how to sell bitcoins" on their FAQ."
Fantastic suggestion. The Wiki now features: http://en.bitcoin.it/wiki/Selling_bitcoins |
|
|
|
PayPal payments are sent using MassPay, so you pay no fees to receive the payment, however the convenience fee is a little higher to cover the costs on my side. A vendor of mine accepts for payment only credit card and PayPal currently. I do know from her kvetching that she loses 3% or so in fees each time I pay her. I'ld like to make use of CoinCard to help with that. If I use for the paypal address HER address instead of mine, then when she receives the payment from CoinCard she'll get the entire amount that was sent -- no fees to her! http://www.paypal.com/us/cgi-bin/webscr?cmd=_batch-payment-benefits-outsideThe only problem is that when she sees the incoming payment transaction there's no way for her to know that the payment came from me -- it doesn't show my customer number or an invoice number that the transaction is paying. Would it be possible for CoinCard to include an optional memo / comments field that will be included with the payment? Well, two problems. If for some reason she says she couldn't find payment, I wouldn't have a transaction number that she could use to search for the transaction either. Would it be possible for the acknowledgement page (after my bitcoin payment to CoinCard is received) to display the PayPal transaction number as well? At some point hopefully we can just skip this silly step of using PayPal as intermediary and I can just to send her payment in bitcoins directly where she, in turn, uses bitcoins to pay her vendors and staff. Until that time, however, I'm happy to have CoinCard. |
|
|
|
I got it. Took 5 confirmations.
Are you sure 5? When I was updating the Mt. Gox page on the wiki I paid fairly close attention and didn't see it appear until after my local client showed 6 confirmations. Doesn't mean it hasn't changed since on Mt. Gox though. Would someone else be able to confirm that it is 5? http://en.bitcoin.it/wiki/Mtgox#BTC |
|
|
|
I also have contact the Support from Ebay and asked for the official acceptance of the Bitcoins and I'm wait for a reply from the support.
For the U.S.: Sellers can't require buyers to pay using methods that aren't allowed on eBay or that they didn't include in their listing. For details, see the accepted payments policy. http://pages.ebay.com/help/policies/accepted-payments-policy.html http://pages.ebay.com/help/pay/accepted-payment-methods.htmlI suppose if you listed bitcoin as an optional alternate method for payment, ... and perhaps gave a 3% discount even as an incentive (the same amount you'ld lose to PayPal), then that might enable you to operate without violating eBay's policy yet still make it so some will likely pay with bitcoins. |
|
|
|
|
Show Posts
