So you're unwilling to send money to a seller via an irreversible payment method such as cash deposit on Localbitcoins but you expect sellers to take paypal? Really?

A simple google search will return you many horror stories of BFL non-deliveries or deliveries way after the promised date. Do you ever wonder why they only accept non-reversible payments like btc and bank deposits? So you can't initiate a chargeback when you've realized you've basically given them a 0% interest rate loan of $2100 with nothing to show for it.

Here's one of many stories about them:

http://www.reddit.com/r/Bitcoin/comments/1nv0w3/psa_dont_buy_anything_from_butterflylabs/

Interested in purchasing a USD card. Same questions as Afox.

Some additional questions;

1. How long does it take for these cards to arrive if shipped to the US (California)?

2. Easiest ways to reload these cards if I wanted to put funds onto the card?

3. Will these cards work with online retailers to purchase things like Amazon?

What reload methods are possible with this card?

Can I:

1. Send funds from my US bank account straight into the card's bank account?

2. Link the card with a US Paypal?

Early quantum computers exist already, and they represent a very real threat not just to bitcoin, but to cryptography as we know it. By the time someone deploys a quantum computer against the bitcoin network it will be far too late to do anything about it from a system-wide standpoint. Individuals can send their coins to fresh addresses (ones with no spending transactions) since the public key is obfuscated by a few rounds of SHA256, but I believe there is an inverse SHA256 function for quantum computers as well.

To adequately defend against a quantum computer Bitcoin will have to move to a different type of cryptography all together. To present Bitcoin's algorithm as "unbreakable" through a tantalizing picture and a few witty scientific sounding phrases is misleading.

2

The real world needs time to catch up to the new prices. The bitcoin price can't reach its full potential until the system around it reaches full potential, ie. ATMs everywhere, multiple competing hardware wallets, much smoother fiat/BTC exchange, clearer regulatory framework, better PoS systems, better mobile wallets. That endeavor is going to take much more than just one year.

I believe we'll get there, but we can't justify a full blown bitcoin price without first having the necessary infrastructure in place. Bitcoins are still FAR from mainstream.

Yes, but I would then have to buy something with the Amazon gift card and re-sell that right? Thought about doing that with iPads but it takes a bit of work and you could lose money in the process. ie I buy an ipad air for $500 and am only able to resell for $450.

There isn't really a market for reselling the gift cards here on craigslist and I'm hesitant to do business on ebay since it's paypal.

I'm a seller on localbitcoins looking for a few ways to receive money anonymously. With all the hub-bub about banks accounts being frozen just because a new buyer mentions he is making a cash deposit for bitcoins, I'd like to find more secure ways of securing a payment.

Methods I'm considering:

1. Cash by mail - A little risky and takes a while to reach you, but truly anonymous.

2. Western Union? - Do I need to provide my SSN to receive money?

3. Moneygram - Same question as WU

The true value in this phenomenon is the cryptocurrency technology, not bitcoin. Bitcoin is no better than the other alt coins. People who say otherwise are trying to protect their bitcoin holdings, but the truth will come out. This is a monetary exchange system based on science and mathematics, not human folly and emotion, so why would a store of value that does exactly the same as another and is just as readily available cost 1000 x more?

I believe eventually there will be about 6-30 commonly used coins, all with slightly different attributes, but all with roughly the same price or market cap. If bitcoin had a patent or intellectual property or even some technology that cant be replicated then it would BE the market, but it doesn't, and the reason those instruments are in available to businesses is because they are vital to maintaining a position within a market.

Also, i think bitcoin shooting off to such a price is also making people look elsewhere. I think its amazing price will be its downfall.

I read about this awhile back. It's great to see that the homeless are finding a way to support themselves through crypto-currency. I've spoken with a couple of homeless people here in California and their number one gripe is to have to beg and pander to survive. It really takes a toll on one's well-being to have to beg everyday to survive, to have food to eat. I guess with the advent of bitcoin and other currencies like it at least the homeless have a viable outlet to get by. And it shows how ingenius these people can be while trying to survive.

Yes, haha. Still at that part of life. I can dream right?

My wallet is at blockchain.info, how can I find out if they allow me to receive btc from the same address I sent it from?

Kraken on the rocks mixed with some Kahlua and Vanilla milk, is that weird?

Me, I would travel the world and make it a life goal to visit every single country. I would relax every day and try out all the different cuisine every country has to offer. I would spend my days backpacking across the country-side interacting with the locals. That'd be my dream "job". What about yours?

Do you mean have the same individual key on 2 drives? Like have 2 copies of the same wallet?

I'd like to purchase 2 of these cards but I have a few questions first:

1. How easy is it to transfer funds (USD) into this card account?

2. Which popular BTC exchanges do these cards work with?

3. If I wanted to sell Bitcoin on Localbitcoins, which method would I use to accept money into this card? (bank transfer, moneygram, etc)

Thanks!

Sure you could spend $2,500 for mining equipment, but on current calculations you'd be lucky to make back 80% of that based on continuing increased difficulty. It's been said before, if you can afford to spend $2,500, spend that on buying bitcoins and re-selling it for a profit if you really are looking to make money.

So I link this card to my Paypal account and send funds from my Paypal to the card account itself. How long does it take to take the money from the card account through an ATM? 1 week? 1 month?

This is with a USD card by the way, thanks.

Yeah I had a sony usb drive fail on me after only 2 months so I'm a little wary of using usb storage. What I would do is just put my paper wallet into a metal safe if you're worried about a fire.

I wanted to start this topic as a tip for fellow newbies who are trying to secure their btc from an online wallet to an offline source. I had some trouble with this when first starting out and it was a bit frustrating so I wanted to give everyone a look-see at the method I used. It was very easy to do.

This can be confusing and nerve-wracking to do, if you have never done it before. This is what I have done:

The one-time operation of setting up an offline-only brainwallet/paperwallet:

1. put a new USB stick into computer A (online machine)
2. Go to https://www.bitaddress.org/bitaddress.org-v2.4-SHA1-1d5951f6a04dd5a287ac925da4e626870ee58d60.html
3. right click on the page and Save as.. -> Webpage, complete
4. Download this onto the USB stick as well: https://www.strongcoin.com/downloads/offlineTransaction.zip
5. remove the USB stick from the online computer, and put it into computer B (offline computer. For this, I just use a Raspberry Pi)
6. Open The bitaddress.org page on the offline machine, and go to the brain wallet tab.
7. Create an alphanumeric passphrase, which generates your public/private keypair.
8. Save the public key (your wallet's address) into a file on the USB stick, and call it publicKey.txt (or whatever you want)
9. Write down the passphrase that you used to generate the public/private keypair and put the paper in a safe, safe deposit box, treasure chest that you bury in your backyard, or wherever else you like (or, if you're sufficiently paranoid, just remember it)

Done and done,