Bitcoin Forum
March 01, 2017, 06:14:04 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 458 »
501  Bitcoin / Legal / Re: Bitcoin is Money, says Federal Court on: August 07, 2013, 06:48:51 PM
It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as currency. However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.

I pull up to my grocery store with a couple garbage bags of aluminum cans and get a receipt. I then go into the store and purchase goods and services.  I can also cash it out to dollars.   I could even trade that receipt with someone else for cash and they can then go into the store to purchase goods and services, or get cash out.

So if I ran an investment "fund" where you send me 100 aluminum cans and I promise to deliver 107 cans back to you in a week, all of a sudden aluminum cans become securities [Edit: money] too?    I'm hoping so, as that will make me feel less guilty each time I pick up a 6-pack of beer on the way home -- it's an investment! [Edit: simply my way of changing my asset allocations to diversify the forms of money I may hold].

But I'm presuming the form of value is irrelevant (whether it be gold, bitcoins or beanie babies) and instead the matter entirely has to do with the offering where there is the expectation for profit.
502  Economy / Trading Discussion / Re: Dollar cost averaging on: August 05, 2013, 04:53:24 AM
Coinbase offers recurring transactions.

That's to authorize a certain amount of bitcoins to be pulled by another Coinbase user/merchant.   I don't believe it will buy coins if there aren't enough in the wallet at the time the send is attempted. 
503  Economy / Economics / Re: The very sad truth about Bitcoin : It might die to gambling on: August 04, 2013, 07:12:48 PM
Bitcoin will end up being held by gambling businesses.

And then?
504  Economy / Collectibles / Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) on: August 03, 2013, 11:11:31 PM
reports from DefCon 21 that the tamper-proof holographic seal on Casascius physical #Bitcoins has been defeated.

Waiting to learn of the method.
505  Economy / Currency exchange / Re: Best cards to load and cash MoneyPaks? on: August 02, 2013, 11:28:49 PM
I'm planning on loading the cards to $3-4k and cashing out a Money Order once. Any suggestions?

You might consider the Western Union prepaid card then.
Send or receive a WUŽ Money Transfer transaction with your prepaid card

506  Economy / Trading Discussion / Re: Dollar cost averaging on: August 01, 2013, 03:11:20 AM
Where is the best place these days to buy a fixed amount of BTC per week in USD; e.g. $10/week for an extended period?

Are you able to transfer the funds in advance and just have them converted to BTCs on a schedule, or are you looking for a way to have bank transfers on a schedule which are then converted to bitcoins when the transfer completes?

I suspect back when Mt. Gox had supported the ability to place unfunded buy orders you could then schedule Dwolla to send funds on a recurring schedule.  So then every time the funds hit Mt. Gox the open BUY order would instantly convert those USDs to BTCs.

But now that Mt. Gox no longer supports Dwolla (after FinCEN seized the account), I'm unsure of any other method that would be similar.
507  Economy / Service Discussion / Re: Anyone used Tranzfers to deposit Bitstamp (UK) on: August 01, 2013, 02:48:09 AM
Not good

I better do some further research......
That'll then get closed  Angry

Maybe will add support for UK banks:
508  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: July 31, 2013, 10:01:18 PM
Bank of Thailand Governor Prasarn instructs Bitcoin exchange to halt trading
July 29, 2013
Location: Bangkok, Thailand

Abstract: Following a conference by the Bank of Thailand, Bitcoin Co. Ltd, of Thailand was advised to halt trading between bitcoins and Thai Baht until further notice.

Here's an article which includes a translation from the Thai newspaper in which Governor Prasarn was quoted.

This has been covered in all the finance and tech media, Wired, Ars Technica, The Register, The Verge,, etc.,
509  Economy / Service Announcements / Re: [ANN] - a location-based bitcoin to cash marketplace on: July 31, 2013, 05:54:47 PM
I've got a question as to how a certain situation should be resolved.

Let's say there is some technical issue at the time of the exchange, where the seller sends the SMS text message to release the funds but there is no SMS text response from Local Bitcoins (e.g., service stops servicing SMS texts temporarily).

If the release was processed and the funds did transfer, then the buyer might receive a text notification that the transfer has completed, but that is if the buyer has verified an SMS number with a LocalBitcoins account (and for anonymity the buy may not have that established).

And then let's say that neither the seller nor the buyer has web connectivity to determine whether or not the funds truly had transferred.

Then that puts these two in a predicament.  Neither the seller nor the buyer knows if the coins transferred.   But if it was a technical issue in getting the SMS text response, then the transfer did occur.  If the buyer has not yet already handed over the cash then the seller is at risk of a loss if the two agree to part ways (as the seller can't force the buyer to wait, or to visit another location where web access is available).   If the seller has already received the cash, the buyer would then be at risk of a loss in trusting the seller to later transfer the coins if that had not already actually occurred.

I don't know -- perhaps there being a voice response (IVR) system available would be something that would help in this instance?  Or perhaps a phone-based support method such that the buyer can call to verify whether or not the seller released the funds?

Or how about this phone-based support being able to help these two parties who don't trust each other to resolve their situation.
510  Bitcoin / Development & Technical Discussion / Re: Cancelling unconfirmed transactions on: July 31, 2013, 07:39:14 AM
I know there are good reasons but to the casual observer and user it does seem that Bitcoin is a bit rough-and-ready if transactions can get "stuck" in cyberspace and the sender can't do anything about it.

There is different behavior based on the client.

With Bitcoin-Qt/bitcoind, the client (if left running) will sporadically attempt to re-broadcast the transaction indefinitely.   If the reason it doesn't end up in a block is because it is a low-priority transaction and a fee wasn't paid then there is no solution other than to perform wallet surgery (using a tool like jack jack's pywallet utility) to delete the unusable transaction.  

The hybrid E-Wallet from behaves differently.  It will eventually stop retrying (in about a day) and the transaction removed from the wallet, allowing the user to try to spend the fund again.

I'm not familiar enough with Multibit, Electrum and other clients to know their behavior.

As far as the ability to bump an existing transaction there have been two approaches, ... "parent pays for child" and "replace by fee", however neither is targeted for inclusion in any specific upcoming release.
511  Bitcoin / Alternative clients / Re: Recovering Bitpak private keys in wallet.dat on: July 30, 2013, 09:23:45 PM
Yes, I'm referring to the iPhone client progam call Bitpak.

OK, that's a different client from the one I was thinking of (which was an Android app).

You might try to PM the author.  Here's a thread on it.
512  Economy / Service Discussion / Re: Exchanges that support CurrencyFair or TransferWise? on: July 30, 2013, 09:10:40 PM
Long live CurrencyFair!


Statement from CurrencyFair regarding them blocking transfers to Bitcoin exchanges
513  Economy / Gambling / Re: bitZino - Bitcoin Casino - Blackjack, Roulette, 3 Card Poker, Slots and more! on: July 30, 2013, 08:46:28 PM
but if you can adjust the numbers, well we have a whole different ballgame.

And fortunately, BitZino is "provably fair" by providing a hash of every deck before each play so that it can later be determined that the numbers were not "adjusted".  

That is a feature you don't get in Vegas (yet), and not a feature provided even with all bitcoin-related online gambling. But with bitZino (and other "provably fair" gaming services), with every hand is the hash which will match the secret given after each play to ensure the sequence of cards in the deck was random (based on the seed provided by your browser) and did not change during play.
514  Bitcoin / Development & Technical Discussion / Re: Cancelling unconfirmed transactions on: July 29, 2013, 08:16:11 AM
Still, it took a good 45 minutes instead of the expected < 5 seconds to appear in the destination wallet.

That's normal (and desired) behavior.

If you want to force a re-broadcast to occur on-demand:
515  Bitcoin / Alternative clients / Re: Recovering Bitpak private keys in wallet.dat on: July 29, 2013, 08:07:55 AM
I'm trying to figure out what happened to the private keys which were used by the older iPhone bitpak client.

Are you referring to the mobile app that had been named BitPay (unrelated to BitPay the payment processor)?  [Edit: Nope, BitPak for iOS not BitPay for Android]

If so, those never used private keys but instead connected to InstaWallet.

I think the app allowed a way to reveal the InstaWallet URL, but either way it is a moot point.  InstaWallet has closed its redemption period -- no new claims are being honored.  
516  Bitcoin / Development & Technical Discussion / Re: JavaScript Library to Sign Transaction on: July 29, 2013, 06:25:37 AM
|I have been looking at the Bitcoin-JS library and I don't think it has what I need.  Perhaps I am mistaken...?

The Javascript code from BrainWallet can be used to show how this can be done:
517  Other / Off-topic / Re: New "Dipjar" credit card tipping system is "absolute game changer" on: July 29, 2013, 05:38:00 AM
Once it arrives, the server staff can slap a QR code with a Bitcoin address on the side and whenever anyone goes to swipe, remind the tipper that if they send as Bitcoin the server staff receives 100% of the proceeds themselves, no intermediary.

Or a separate placard, with info:

518  Economy / Service Discussion / Re: Is send-shared actually opensource? on: July 24, 2013, 08:03:36 PM
As stated in
it's open source might be referring to simply the license of the javascript from their MyWallet (web-based) application so that you are permitted to use that source, change it, etc.

They've never shared the source for their back-end.

519  Bitcoin / Bitcoin Discussion / Re: Do many of you contribute to the bitcoin wiki ? on: July 24, 2013, 09:11:47 AM
Does it still charge to do so?

There is an amount required as a custom anti-spam measure.  It is an amount of bitcoin worth like $1.

Perhaps if you ask here for sponsor for some edits that you plan to make, someone will agree to reimburse you for the BitcoinPayment fee after seeing those edits completed.
520  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 23, 2013, 06:32:24 PM
What would the be the chance these open outcry markets for Bitcoins happening (now in NYC (weekly), L.A. (monthly), San Diego (weekly), San Francisco (weekly), Miami (first one this week), Toronto (first one next week), Berlin (first one this week), and more likely to come) ... would bring an opportunity to expand into bullion and e-bullion sales as well?   (e.g., for DYM shares through Ripple trades, or for physical (e.g., Eagles) or for junk silver?).  Here are links to the individual events:

Amagi Metals to Lose Bank Account

Introducing Ripple Currency: DYM

I see there was one bullion trade at a recent San Fran Buttonwood event:

Why the Only Real Way to Buy Bitcoins Is on the Streets
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 458 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!