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on: April 12, 2013, 12:44:36 PM

Quote from: Bitcoinista on April 12, 2013, 11:44:54 AM http://www.economist.com/blogs/freeexchange/2013/04/exchange-rates It's a well balanced article that addresses the volatility concerns and shows how Bitcoin needs to mature and succeed. What say you Bitcoinians? Read a similar analysis by a forum member here. His underlying doubt is that BTC will struggle to hit critical mass. I like to look at it demographically. The up and coming generations growing up with technology will embrace the logical reasoning and efficiency behind a system such at BTC. The technologically fluent will be the driver behind adoption toward critical mass. BTC may be volatile for years to come but the endgame seems the same, based on rational outcomes of our world (No ww3, deadly virus, asteroid, etc). I see it as a technology boom not so much a BTC boom....and who doesn`t love and want more technology? IMPO...

on: April 10, 2013, 03:17:18 PM

Quote from: Dabs on April 10, 2013, 08:23:53 AM Don't worry, I sold all my BTCs when it was in the $30. Now I can't even get one at the current price. What I did recently, was use bitaddress.org offline to generate one private key at a time, then use the compressed version. Then I generate a QR code, and print both public and private keys on one sheet of paper, blown up (resized) to take up half the page. Then I put that in a clearbook or envelope. Checked it out and that generator is straightforward and works like a charm. Perfect for a wannabe hoarder like me. For my technical ability I think paper wallet is a better solution vs encryption and constant backups.

on: April 09, 2013, 02:38:58 PM

Quote from: Dabs on April 05, 2013, 01:57:14 AM You have to balance security with convenience. It's convenient to use a shorter password, but it's less security. It's very secure to store on paper, but it's quite inconvenient. There is Armory, which attempts to make this more convenient. You need a separate offline computer, which can be any old (or new) cheap laptop, which is supposed to be never connected to the internet, ever, again. I personally prefer doing things myself, and offline backups of wallets work for me. Paper wallets will always work as long as you can read the paper, which is going to be a long time. Cold storage is supposed to take longer to do, so you do less frequent transactions. Thanks for your breakdown. I'll need to start studying these methods carefully. Don't want to jeopardize however few BTCs I have.

on: April 04, 2013, 12:41:49 PM

Quote from: jrlichtman on April 04, 2013, 11:55:48 AM Quote from: neuronet on April 04, 2013, 08:58:00 AM I had the same problem as you my friend. So all you need to do is create an account with LibertyBit. They allow email-interact transfers/ E-interact email transfers. Cost is $1.50 usually depending where you bank. 24 hours later voila money funded in your LibertyBit account. BTC prices from my experiences have been lower on LIbertybit vs Virtex. Virtex transaction fees are a cash grab at 1% while Libertybit is only 0.03%. Oh and btw you can also E-Interact withdraw as well!! Tried it and works like a charm. If only Mt.Gox and others offered this service..... Looks like they're raised their fees actually, but that's still convenient, since they do interac transfers for both withdrawals and deposits. If I'm not mistaken, Virtex only does interac withdrawals. They literally just changed there fees within the last day or so. Wow~business is booming i guess.

on: April 04, 2013, 11:46:30 AM

Quote from: gweedo on April 04, 2013, 06:23:06 AM Quote from: neuronet on April 04, 2013, 06:20:16 AM 2006 was too frustrated with the funding process to follow through with purchasing eventhough I firmly believed BTC was something to behold. Bitcoin wasn't around in 2006? You knew about bitcoin a full 3 years before it was launched and a full 2 years before it was announced? My bad, it was 2009. 06-09 is a foggy part of my life.

on: April 04, 2013, 09:09:14 AM

Wouldn't it be a bit onerous if you renamed/encrypted your wallet.dat file on a USB and then later on want to perform a quick transaction with someone? The steps of decryption, renaming and placing the file back in the proper file under the Bitcoin client doesn't seem conducive for regular usage. Would a paper method be as time consuming? Sorry but I'm addicted to efficiency and also plan for years down the road when maybe I might forget how to manage all the steps.

on: April 04, 2013, 08:58:00 AM

I had the same problem as you my friend. So all you need to do is create an account with LibertyBit. They allow email-interact transfers/ E-interact email transfers. Cost is $1.50 usually depending where you bank. 24 hours later voila money funded in your LibertyBit account. BTC prices from my experiences have been lower on LIbertybit vs Virtex. Virtex transaction fees are a cash grab at 1% while Libertybit is only 0.03%. Oh and btw you can also E-Interact withdraw as well!! Tried it and works like a charm. If only Mt.Gox and others offered this service.....

on: April 04, 2013, 06:20:16 AM

2006 was too frustrated with the funding process to follow through with purchasing eventhough I firmly believed BTC was something to behold. Forgot about it for a few years and voila. Had the same feeling when I bought Lululemon stocks at $32 a share. It was just much easier to buy stocks for me than BTC's. I agree that BtC has more upside potential than stocks for the perceivable future.

on: April 04, 2013, 06:13:36 AM

Please add me as well Thank you 17pjnx587yucbLrEaENbEkFHkYfBMfEfAw

on: April 04, 2013, 06:09:45 AM

Was interested in 2006 and was thinking of buying a bunch of BTCs but had a tough time buying from Canada. Kicking myself for not applying more diligence.

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