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Coinbase has high daily limits and can connect directly to your bank account for inexpensive transfers. The times I have used them have gone smoothly and quickly.
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Create a bitcoin wallet (preferably a paper wallet if you want to store the coins for a long period of time securely). Then, send all your bitcoins to the wallet address from your miner account.
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The first site that comes to mind when reading your post is DollarVigilante.com. You may get some good inspiration from there.
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Cool...thx for the post. I hadn't been to that site before. Great, now ANOTHER distraction. LOL No problem. It does look like an easy way to spend your coin at local businesses. I haven't used them though, so I can't vouch for how good the service is. |
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In my experience paper wallets are really easy to access, just swipe them into a service like blockchain.info when you are ready to use them.
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I never used them, but I did read the same thing about them shutting down. It's been a while since I fired up TOR, so not sure how accurate this is.
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Well, it is "wasted power" for sure. My 6000 kH is benefiting me only while consuming energy that doesn't benefit anyone else. Would be cool if there was some benefit for sure.
The benefit is the entire bitcoin infrastructure. Mining is not solving useless calculations, it is processing the transactions needed for the currency to work. Instead of paying money to large banks for all the infrastructure they require, we are using some computing resources. |
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I'm tired of reading news articles criticizing the massive computing power used in BTC mining as a waste. Can these large media corporations not afford a bit a fact checking. They only need to dedicate an hour or two to research the way bitcoin works before writing about it, but evidently that is too much for the modern news writing/click-baiting generation. On a positive note, it is really encouraging to see that the bitcoin infrastructure has grown to the point where the danger of a single entity taking control of it has almost completely faded.
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Competition is a good thing. There's room for multiple successful crypto currencies, and competition will weed out the ones that have flaws.
The problem is most are just clones of BTC that really offer nothing new. The ones that offer nothing shouldn't gain much traction and will die off. I haven't invested any time or money into the alt-coin currencies, but I don't see them as a threat either. It is possible that some will provide good concepts which can either cause the currency to take off on its own or the benefits could be added to BTC in the future. |
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The price seems relatively stable and its tracking with gold which is interesting. Technically we are getting a glimps of what the world would be like if bitcoin only traded with bitcoin and not with other currencies much. A glimps of a post dollar world. Bitcoin has not crashed! It can't if big trades to currency are not available.
There are now many more ways to get bitcoin for other money. but these are small transactions.
I don't object to the reporting rules as they stand; The terrorism threat is real and the drugs dangers are real. However the precedent is a problem. As Satoshi said Wikileaks and by inference Silk Road were bad calls. As they say in the Q continuum: "Dont provoke the Borg!" Build up step by step. Be ready when the Fiat currency monster stumbles. Its too big to push.
I was really surprised that there wasn't a crash when the news came out. As soon as I read it I was watching the price, getting ready to buy BTC. While I never got my dip in price I was looking for, I was encouraged by the stability of the currency through it all. Hopefully it is a good sign for the future of BTC. |
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Why don't you code out a proof of concept and then show it to people to get feedback? Unless you are trying to get people to help you with building it.
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I'm surprised that Ebay allowed you to sell BTC there in the first place. I was pretty sure it was against their policy to sell digital currency.
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Competition is a good thing. There's room for multiple successful crypto currencies, and competition will weed out the ones that have flaws.
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While I think a Bitcoin ATM would be awesome, especially if it were two way, it looks like it will be a very tough battle to get it out to the public and keep it going. Physical units are too easy to regulate and confiscate.
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I saw some news today mentioning that Butterflylabs was shipping out more units. I don't agree with the way they have gone about conducting their pre-orders, as it seems very shady, but it looks like they could be starting to deliver on their promises. As more of these ASICs are out in the wild, it will be interesting to see how quickly they devalue.
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