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1  Economy / Speculation / Re: Bitcoin: The Quants Dream. on: September 20, 2011, 07:53:37 AM
How can you say this? Dwolla doesn't compare at all to Bitcoin.

- Dwolla's fee is 100x higher than a typical Bitcoin fee of 0.0005 BTC
- Dwolla is only available to 4% of the world's population (US only), compared to Bitcoin available to 30% of the world population (2 billion people online)
- Dwolla accounts can be seized and frozen, Bitcoin is immune to this
- Dwolla can reverse transfers received by merchants (see TradeHill case), whereas a Bitcoin txfer confirmed by 6 blocks pretty much guarantees it is irreversible
- Dwolla users forfeit all anonymity by having to provide a proof of ID, at least Bitcoin make pseudo-anonymity possible
2  Economy / Speculation / Re: Bitcoin: The Quants Dream. on: September 20, 2011, 05:57:51 AM
- they are a way to instantly send money across the world with very low fees - Already exists without risk of Bitcoin exchange rate fluctuations.
- they are decentralized; no authority can freeze or seize your assets - Also applied to gold
- they are pseudo-anonymous; contrary to traditional financial systems - Also applies to credit cards [sic, I think general.crackdown meant preloaded debit cards]

Notice how you suggest 3 mutually exclusive solutions. For example: you cannot instantly (in minutes) send gold across the world to an anonymous peer, e-gold is dead, preloaded debit cards are freezable and not decentralized, etc.

Bitcoin satisfies all 3 at once, and conveniently. That's what makes it powerful & valuable. Think of it as digital gold.
3  Alternate cryptocurrencies / Altcoin Discussion / SELLING 35000 i0coin for .0003 BTC on: September 19, 2011, 02:41:14 AM
See https://bitcointalk.org/index.php?topic=44553.0
4  Economy / Speculation / Re: Bitcoin: The Quants Dream. on: September 18, 2011, 09:59:51 PM
Bitcoins have value. They are a currency (because people are willing to trade goods/services for them) that provide unique, valuable features:

- they are a way to instantly send money across the world with very low fees <- this is valuable
- they are decentralized; no authority can freeze or seize your assets <- this is valuable
- they are pseudo-anonymous; contrary to traditional financial systems <- this is valuable

You can't argue against the above. These features alone give them at least some value... and I would argue a LOT of value.
5  Other / Beginners & Help / Re: Is it hard to buy & sell bitcoins? on: September 18, 2011, 09:42:07 PM
It works... when the exchanges aren't down..
6  Other / Beginners & Help / Re: SELLING 35000 i0coin for .00025 BTC on: September 18, 2011, 08:56:06 PM
i0coin client download: https://github.com/fusebox/i0coin

ElectricMucus: I said I will send the coins FIRST. (I bought them, did not mine them).

Also... I am raising the price: .0003 BTC. Still cheaper than i0exchange! PM me if anyone wants them.

PS: I am not a newbie. I just post rarely on the forums.
7  Other / Beginners & Help / SELLING 35000 i0coin for .0003 BTC on: September 18, 2011, 07:37:02 AM
I'm TIRED of this shitty i0exchange that is always down when I want to sell.

I GIVE UP and SELL all my coins, thirty five thousand of them for .0003 BTC each (cheaper than i0exchange). Obviously I have no rep so I can send fraction of the coins first, you pay a fraction, (I need to trust you too), then we exchange the rest.

pm me
8  Bitcoin / Mining / Buying OEM cards in bulk from distributors on: April 25, 2011, 09:43:12 AM
Does anybody have experience buying graphics cards in bulk from distributors (Ingram, Avnet, etc) as an individual customer? I am talking $15,000 or more. Preferably in OEM/non-retail packaging.

Please share your experience if you can.
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