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June 28, 2024, 01:53:37 AM *
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1  Economy / Currency exchange / Re: realBTC <-> goxBTC (serious trading only) on: February 21, 2014, 02:25:55 AM
buying 25-50 gox btc for .25btc a piece! will use and cover escrow costs if nessecary, pm me
2  Economy / Currency exchange / WTB Gox coin for real btc w/ escrow on: February 21, 2014, 02:18:57 AM
Looking to buy around 20-50 goxcoins for real btc through the use of an escrow, pm me your price and we can negotiate and decide on an escrow
3  Economy / Gambling / Re: >>Insanity Dice<< Legit 60x2 [Great Specs] [Trusted Hosts] [Bils Paid Out] on: July 14, 2013, 08:38:50 PM
Sounds legit only if u livestream the whole process though, like someone else said u can just keep recording random.org. If you live stream it and go through the whole thing seamlessly its okay. All the people saying there are legit websites out there, Just-dice is down 2k, so they are obviously due for a win because there expected profit is through the roof, and I'm in the U.S. so Satoshi Dice is blocked.
4  Economy / Speculation / Re: $5000+ bitcoin? on: June 13, 2013, 04:31:22 AM
I feel this depends on how well adopted bitcoins become. At the moment, I don't think bitcoins can reach mass adoption like credit cards because of problems with blockchain size, and TPS limit. Also, Frankly, and sadly, I just feel the average person can't be hassled to deal with bitcoins. People can't even take control of their health, day to day finances, and debts and now you expect people to safely secure their bitcoins, spend time getting verified, moving money and buying bitcoins? If there's one thing that credit card company's did right is they made it easy for people (at least in comparison to bitcoins or cash) to secure and transfer their money, while at the same time extending credit. Lose your CC? call the company they can get it deactivated. identity theft? most companies will refund. Need points, cashbacks, rewards, Cash withdrawal around the globe? we got you. Heck I don't even bother with cash most of the time unless I'm going to chinatown (those guys are always cash only, maybe bitcoins would work for them?)  because the convenience of using a credit card is just that much higher

The other argument is over anonymity. In most cases anonymity is pretty overrated. While I want my purchases and transactions to be private, I also don't want my money to not be under my name or traceable when stolen. Just like you wouldn't keep thousands off dollars in cash under your mattress, but instead rather have the bank hold it in your name, where consumer protection laws can help a great deal to alleviate any crises, you wouldn't want to keep thousands of dollars in such a manner where they can't be effectively traced back to you.

Ultimately, even though I love bitcoins, I wouldn't see myself using it to buy items which break easily, such as electronics, or for large purchases, like airplane tickets, cars, electronics, nice dinners etc. using a card gives me more flexibility, rewards, and consumer protection. 2.5% is a small fee to pay to get all these advantages ( I pay everything with credit card and just pay it cash at the end of the month, the benefits are just too good to pass up).

The other argument is over anonymity. In most cases anonymity is pretty overrated. While I want my purchases and transactions to be private, I also don't want my money to not be under my name or traceable when stolen. Just like you wouldn't keep thousands off dollars in cash under your mattress, but instead rather have the bank hold it in your name, having tons of bit coins, whether in an offline wallet or otherwise, leaves it with little way of connecting the bitcoins to you.


I guess what I mean to say is, bit coins, and its current state, just isn't scaleable and as convenient to use as other forms of purchasing.

So what do I think bitcoins are good for? I think bit coins is good for large transactions or transactions where anonymity is crucial or transactions where being able to dispute payment is high. Of course instead of trusting your credit card company to handle in any issue, one of the persons in the transaction would have to go first , so trust is not in a large organization which can have tons of reputation on the line.  

Overall. Bit coin is a currency that fits a very  specific niche and is, as many have already said, and experiment, one that has highlighted how dated and cumbersome banking currently is. Hopefully, banks around the world find a way to standardize transfers and make the available 24/7 within the next 10-20 years. If banking systems cannot catch up to the current globalized 24/7 high paced, instant communication world we live, then maybe, maybe do I see bitcoins becoming worth 1000$+
5  Other / Beginners & Help / Re: BTC Global: trustworthy? on: June 12, 2013, 08:10:35 AM
anbody know anything at all?
6  Other / Beginners & Help / BTC Global: trustworthy? on: June 12, 2013, 06:00:13 AM
So I got involved in the BTC global Pre-Ipo auction. They have a great site, tons of on-site information, some cool articles etc, but have yet to really show their faces or make any strides. What does everyone think about them and should I trust them?
7  Other / Beginners & Help / Re: I am in this newbies section the whole day and my total login-time is 2 hours?? on: June 10, 2013, 04:53:29 AM
I think you have to refresh the page quiet and alot and be active. I feel like there is some sort of sweet spot where no interaction past x amount of time makes all prior time spent useless. in other words there is a deadline by which u have to refresh the page before the time you have spent prior to refrshign counts
8  Other / Beginners & Help / Re: First time miner with some questions on: June 06, 2013, 01:00:37 AM
The way  I look at it, GPU mining is borderline dead unless you really know what you are doing and/or have discounted electricity or utilies included in your rent or something similar. Everday more and more ASics are introduced into the network, making GPU's less and less viable as time goes by. Personally I would save up and invest on the best asic miner u can buy if you are serious about mining.
9  Other / Beginners & Help / Re: Using two 7950s on: June 06, 2013, 12:50:37 AM
if u just want bang for buck i think 7850's are your best bet. Personally i think all the new Asics out and their affordability has made bitcoin mining with GPU's pretty bad, think even the electricity might cost you more. So unless you have electricity paid for, or just want to mine in the background, it might not be worth it.

Also make sure to use a mining calculator to find out what your expected profit is etc..
10  Other / Beginners & Help / Re: Im a fool, encrypted wallet.dat , need advice on: May 16, 2013, 10:35:33 PM
I don't know what to tell u man, hope you get it solved. Thats the problem with passwords for stuff like this you can forget whenever. just like people here recommend having an offline bitcoin address, I have an offline computer where i keep all my passwords offline and off the net. Best bet is just ot have a usb drive/harddrive/sd card with an os and the information and keep it hidden in your house. that way someone has to physically go to your house, locate that usb/sd card, launch it, etc.
11  Other / Beginners & Help / Bitcoin confrence/convention:what to expect on: May 15, 2013, 05:47:43 AM
hey guys im new here and excited about the new convetion happening this weekend and just wondering what can we expect and what does everyone hope to hear. I just bought my first bitcoins today (right before the dwolla/mtgox issue) and am excited to see what is in store for the future
12  Other / Beginners & Help / Where can I find an easy to understand guide to securing your BTCs on: May 09, 2013, 08:53:56 PM
Hello, I'm new the community but have been following bitcoins for a while since i read about them 3 years ago. I am going to buy some soon and was wondering if anyone could send me to a good, solid guide that is easy to understand for securing your bitcoins. all the ones I've read so far are complicated and other things. I'm not looking for paper wallets or anything, just a way to back up my wallet in a a strongly encrypted form on multiple disks or something of the sort. thanks a bunch !
13  Other / Beginners & Help / Re: hello everyone. on: May 09, 2013, 07:47:32 PM
Just join as well, really want to get more involved in the bitcoin community. Anyone know a decent easy to understand guide to securing your bitcoins accross multiple computers? thanks
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