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1421  Economy / Service Discussion / Re: Who likes saving up to 35% on Amazon? I DO! on: March 18, 2015, 08:07:05 PM
My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.


How did you got scammed actually? Do they provide escrow? Were you a buyer (exchanged your BTC for amazon stuff)?


I ordered something, paid with Bitcoin, the buyer bought it and it was delivered, but then they claimed it hadn't been delivered and got a refund leaving the company out of pocket.
The company then got in touch with me to say that they will have to contact the authorities as I haven't paid for the item that arrived.  Purse say that I shouldn't worry though, so it's ok.  I'll say tell that to the judge when I'm in court.
1422  Economy / Marketplace / Re: UK non-electronic on-line shops directly accepting BTC? on: March 18, 2015, 06:48:25 PM

Do you know any UK (or EU) based on-line shops that directly accept bitcoins and are not limited to electronics/games etc?

I know there are businesses like cex, scan.co.uk, overclockers etc but all of them are limited to computer accessories and I'm looking for a place(s) that sell general goods (ie household, sport supplements etc).

If you know any, please share (but don't post links to untrusted sites created overnight)



I don't think this is an untrusted site that someone has created overnight!

http://www.wheretospendbitcoins.co.uk/

It's pretty slim pickings though, which is odd when it is easy to buy bitcoins in the UK, it seems like a good opportunity for someone to step in and fill that void.
1423  Bitcoin / Mining speculation / Re: Looking to get started with mining what to buy? on: March 18, 2015, 06:37:48 PM

I'd like to make some cash so i someday could make the money back.
Maybe buy another one or so Cheesy


Unless your electricity is free, don't mine! Even with the most expensive and most efficient ASIC miners, you will not see a ROI if your electricity costs are much above zero.
If you can use the heat given off your miner as a by-product, it could also be worth your while, otherwise seriously, save your money and buy some bitcoins if you fancy want to get involved!

Sorry if that isn't the answer you were hoping for.
1424  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2015, 06:32:19 PM
wow GBP / USD showing some bitcoin type volatility!
Why does dollar strength equal Bitcoin weakness though?
Soon after the forex markets went crazy, bitcoin fell like $20, that doesn't make sense to me!

All commodities went up strongly, oil, gold, silver, so it Bitcoin not a commodity then?  Is it a currency? then it should go up in $ too, like the pound and the € did, so we mustn't be a currency either... odd.
1425  Economy / Economics / Re: Will the Fed delay raising rates as oil collapses towards $20? on: March 18, 2015, 06:26:24 PM
I would love to see 20 dollar oil. Low energy cost can bring about a boom due to funds being freed up for other uses. Transportation costs also drop so consumer goods would be cheaper as well.

Look at the strength of the dollar to see where oil will go. If the dollar continues to rise oil will get cheaper.

Oil will not go down to $20.  It costs far more than $20 to extract a barrel of oil from the ground, especially in America with all the frackers.
Essentially only a few cheap and easy play remain viable long term at $20 a barrel, it would be below the historical low prices and cannot be maintained.

The price of gasoline has been steadily rising recently in America, figure that one out, so that won't be helping the economy.  Demand will also rise if gas prices fall, so expect a sharp rise when production falls and demand rises.
1426  Economy / Service Discussion / Re: Who likes saving up to 35% on Amazon? I DO! on: March 18, 2015, 06:19:43 PM
Purse partners with Coinbase to simplify your Amazon purchases with Bitcoins:

http://www.pymnts.com/news/2015/coinbase-puts-change-in-purse/#.VQm06Y7F9pU

Quote
Purse, a specialized bitcoin platform that lets customers buy products on Amazon at a discount, has partnered with Coinbase to simplify the process, the company announced on Monday (March 16).

Under the new agreement, Coinbase customers will be able to transfer bitcoin from their Coinbase wallets for Purse transactions. “At Purse we strive to make saving on Amazon as easy as possible. We’re happy to announce an update that will make it much easier for mainstream users,” Purse’s blog post said. “With our Coinbase partnership, shopping on Amazon will be as easy as checking out at a Coinbase merchant. Customers can transfer funds from their Coinbase wallet and start using Purse within minutes.”

The partnership with Coinbase will also help with the implementation of new apps and features, the post added, but gave no further details.

Purse’s appeal is built around the relative difficulty of spending bitcoin as well as the difficulty of acquiring it in the first place, and it uses Amazon’s wish-list feature to tackle both those problems. On the Purse platform, a customer who wants to buy a particular item from Amazon posts the item he wants to buy and the amount of bitcoin he’s willing to pay — usually at a discount from Amazon’s price. When a second party agrees to the transaction, the second party pays Amazon for the product and has it shipped to the original customer, who transfers the appropriate amount of bitcoin to the second party.

In effect, the original customer pays bitcoin to get a product from Amazon, while the second party uses a payment card or PayPal to acquire bitcoin.

Purse also recently opened a brick-and-mortar retail store in San Francisco’s Mission District called Nakamoto’s, where only bitcoin is accepted for purchases. The products Nakamoto’s offers are also priced at a 10 percent discount from Amazon’s prices, CoinDesk reported in February.





Win win for both companies, but most of all, to us Bitcoin customers!   Cool

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

I'd rather pay 35% more.  Anyway, everyone can buy Bitcoin easily nowadays, why would people buy them at a 35% premium? Because they are scammers..
1427  Economy / Service Discussion / Re: Evolution has run off with all user's funds on: March 18, 2015, 06:17:01 PM
The problem here is that someone who is probably just a bit of a tech nerd found an opportunity to do well for themselves using this new and exciting technology.  Soon enough he had 40k BTC under his control, that is $12million.  How many people here wouldn't at least consider running off with $12million in fairly anonymous money?

This guy will probably never see that much money again, he might be a nice guy, but money currupts, and we see it time and time again in the Bitcoin world, that's why you have to be very sure of where you invest your bitcoins.  I wouldn't be surprised if someone tracks him down or puts a bounty out to find him, I personally wouldn't be able to sleep or live with myself, but it is easy for me to say that when I don't have $12million under my control...
1428  Economy / Gambling discussion / Re: BEST SOCCER/FOOTBALL BETS !ODDS ARE ON YOUR SIDE!!!#BEST ✔✔✔(W60/L18) on: March 18, 2015, 03:07:53 PM
MATCHES FOR TONIGHT!!

1st match
Barcelona   -   Manchester City


DOUBLE CHANCE X2
Odd:3.05

2nd match
Dortmund   -   Juventus


DOUBLE CHANCE X2
Odd:1.70

3rd match
Partizan   -   Jagodina


Partizan wins
Odd:1.25


good luck!
Going for City away to Barca, brave! I will be going the other way and backing Barca, I just haven't seen the abilty to play in Europe yet from Man City.
I like the Dortmund double chance bet though, they just aren't very good at the moment, it will catch up with them sooner or later in Europe, as it has all season in the Bundesliga.
1429  Economy / Gambling discussion / Re: Betting On Cricket World Cup [Help Me Bet] on: March 18, 2015, 03:05:12 PM
I really cannot believe what has happened just now! SriLanka is all out for 133. What a brilliant performance by Imran Tahir and JP Duminy! This has been on of the best performances in a team in this world cup!
Its really sad to know that one of the teams, NZ or RSA will get kicked out in the SemiFinals Sad
Whom will you choose between NZ and RSA?
very shocking performance by Srilanka so i did not able to recover my lose of 0.10btc to bet on them,
hope will recover from tomorrow match to put bet India what a bad day.

Looks like the bookies managed to tempt  a lot of people into betting on Sri Lanka, by giving good odds on them.
The India match should see large bets placed on India. Odds aren't great though.

If that is the case, then the bookmaker did a very good job!  I have worked in the industry and when someone decides to push out the odds on a team they are basically sticking their heads out and it could very easily backfire.  Making SL longer odds against South Africa was pretty brave but will have reaped them the rewards they were after.

I may be aftertiming, but I fancied the Saffas, their batting just seems more explosive to me.
1430  Bitcoin / Bitcoin Technical Support / Re: New to Bitcoin - how to transfer bitcoins when Bitcoin-qt hasn't synchronised on: March 18, 2015, 01:41:14 PM
Hi,

I downloaded Bitcoin-QT two days ago and bought some bitcoins online and had them sent to my Bitcoin-QT Recieving address. It's taking ages though to synchronise (just downloaded the torrent file to speed it up) and I need to pay for an item. Any idea of what to do to access my bitcoins from somewhere else and then send them?

Thanks so much for your time
How far behind is your Bitcoin-QT now?  Instead of having to mess around with exporting and importing of your private keys, it could be worth just waiting until it syncs, if you are only a few weeks behind.
Obviously if you are still more than a few months behind, then you might be better off exporting the private key.
1431  Bitcoin / Bitcoin Discussion / Re: Adoption in terms of users on: March 18, 2015, 01:28:36 PM
We see articles guestimating the number of Bitcoin users. A general average seems to be about 1.5M currently.

We have also seen an article from Juniper describing about 5M users by 2019.

What are your general thoughts on user adoption per year, over the next 10 years, and why?

What will the curve look like?


I generally think of Bitcoin as a bit of a binary bet, either it will suceed and fluorish, therefore it will have far more than 9 million users in 2019, or it will fail and be used as play money by people who won't give up the ghost, so it will have lots less than 5 million users.

5 million would be a strange middle ground, meaning it is expanding, but it hasn't really cauugt on yet.  It is a guess based on the past, rather than the future, how many great new techmnologies expand, but slowly and consistently?  I think over 1 billion will have used bitcoin by 2019, but I think it could also fail or be adopted for something else and be used by almost no one...
1432  Economy / Economics / Re: ECB protesters clash with police in Frankfurt, Germany on: March 18, 2015, 01:24:01 PM
Well, it's the EZB, we are the EU now, so there's protesters from all over Europe. :·>
You can't really complain that in Germany they use the German acronym for the central bank!
It doesn't mean that Germany runs the EU or the EU central bank, but it would be stupid to call it the ECB - Europäische Zentralbank

I am pretty surprised at how it is kicking off in Frankfurt though. Most people in Frankfurt rely on the banks, so i would guess the people causing bother are coming in to demonstrate.
There seems to be a spate of demonstrations nowadays though, pro-pegida, anti-pegida, anti-airport stuff and now this...
1433  Economy / Speculation / Re: What will be the buttom of this CRASH? Whats your guess? on: March 18, 2015, 01:20:23 PM
I'll say that this dip will bottom out at $268 on Bitstamp.

Yes, I think that was it, and if it wasn't I don't really care anymore, the fundamentals keep getting better so people can dump all they want, soon enough there won't be enough to go around and we early adopters , like the very early adopters before us, will be laughing.
1434  Economy / Economics / Re: BANK RUN: Andorran and Spain banks go bankrupt, state refused to aid depositors on: March 17, 2015, 05:03:08 PM
The same thing could have been said about Bear Stearns or Lehman brothers a few years ago.
The whole system is so interlinked now, as well as being based on confidence, that one bank failing could easily lead to further bank runs and bankruptcies...
1435  Bitcoin / Mining / Quantum computing on: March 17, 2015, 04:57:19 PM
I understand that quantum computing will be a game changer in cryptography, but ignoring the fact that they would be able to crack the Bitcoin SHA-256 encryption, would they be amazing at bitcoin mining too?

Would they ruin crypto mining for the masses?
1436  Economy / Economics / Re: Bitcoin to replace cash? Maybe, but let's please first focus on Gold 2.0 on: March 17, 2015, 02:09:22 PM
Bitcoin to replace cash?
Maybe, but let's please first focus on Gold 2.0

Winklevoss twins believe bitcoin will ‘wipe out’ cash
http://nypost.com/2015/03/17/winklevoss-twins-believe-bitcoin-will-wipe-out-cash-in-future/

"Bitcoin won't replace national currencies"
"Bitcoin, The New Gold Standard by Wences Casares"
Video: https://twitter.com/brian_armstrong/status/577332571408756736


https://twitter.com/bitpump/status/577764206243614720
But I don't want Bitcoin to be a commodity.  It annoys me that peoply buy Bitcoin as an investment that they will just sit on and hope to increase in value.
Bitcoin is a new technology, no one went and bought the first generation iPods just to keep at home as an investment, they are supposed to be used.

In the case of Bitcoin, that means going out and spending you bitcoin, and sending them to people instead of cash transfers.  You can always buy more after you have used them, being Gold 2.0 is a bad goal for bitcoin to have.
1437  Economy / Speculation / Re: Who has more than 50 BTC? on: March 17, 2015, 02:05:43 PM
I personally think that Bitcoin is a risky proposition and thus you probably shouldn't have much more than 15% of your investment portfolio invested in Bitcoin.
50 bitcoins costs about $15k, so if you have more than $100k in savings/investments, then yes, I think 50 Bitcoins are very nice to have.

To be honest with you I would be happy to have that much free money around that I could happily sleep at night with $15k invested in Bitcoin, I am not there yet.
1438  Bitcoin / Bitcoin Discussion / Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow on: March 17, 2015, 08:04:20 AM

Quote



Cocker said he personally would not be sad to see the demise of the virtual currency. "Netsafe sees a lot of complaints here about Bitcoins being used as a payment mechanism for scams and I think whilst there are benefits in terms of innovation in the financial community, something which is as untraceable and uncontrolled as Bitcoins is not necessary the ideal solution.

"It is something we have only seen associated with negative activities. That's the nature of Netsafe's work, but that is what we have seen," he said.


Someone stole my bank card and used it to steal money from me, I personally wouldn't be sad to see the end of the global banking system because of this...
Bitcoin is used by a lot of scammers, but it is essentially like internet cash and cash is used for a hell of a lot more bad stuff than bitcoins are.

Still a shame though
1439  Economy / Services / Re: A small survey for 0.005 BTC on: March 17, 2015, 07:59:31 AM
Hi guys, you are welcome to finish this small survey and make 0.005 BTC: http://goo.gl/forms/zlG5gbv5QM

It might only be $1.50, but that was a very quick and easy survey.
I hope you don't sell the email addresses or spam heaviliy using the info from the survey..
1440  Economy / Trading Discussion / Re: Bitcoin Coupon on: March 16, 2015, 08:08:46 PM
Hey,

I'm looking for a site or a methode to create Bitcoin coupon Codes that I can send do people who redeem it then and get the BTCs instant.

You can print out Paper wallets and you can send them to people and they will get the bitcoins once they import the key in their wallet, like Electrum, Blockchain.info etc

And a other question:
Does anyone know a site where I can buy Bitcoins with a deposit Bonus?

Thanks Smiley

No, only gambling sites offer deposit bonuses and they come with huge wagering requirements.
You would have to be very sure that no one else gets to see the paper wallet, otherwise it could be emptied well before it actually arrives at the person you want to get the bitcoins.
You will also have to explain to them that they need to import the private key, then move the bitcoins to a different address in case someone got hold of the paper wallet info.  I guess it wouldn't really be suitable for people who are new to Bitcoin.

It seems like the whole point of bitcoin is that it isn't necessary to send money in this old fashioned way anyway, why can't you just get them to get a bitcoin wallet and send them the bitcoin!??
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