the shipping they pay in USD and they pay their suppliers in USD, so all the bitcoin would amount to is collecting fees from currency exchange Correct, until they have a place for those bitcoins to go (i.., employees, suppliers or investors) then they would likely be cashing out most of (or all of) those bitcoins that they've received. However, - Credit card transactions can be reversed by the payment network. Bitcoin payments are irrevocable. This is attractive to a merchant -- especially a low-margin merchant like NewEgg. - Credit card transactions incur a fee. Newegg probably gets about $0.98 for every $1 charged. With bitcoin, the transaction fee is paid when the transaction is sent. Even then the fee is fraction of the fee that the payment card networks charge. - Credit card transactions don't clear immediately. The settlement process takes a day or two or more before NewEgg's bank has the money. Bitcoin transactions "clear" in about an hour. And .. NewEgg's competitors will discover bitcoin as well. For NewEgg to compete, they may be forced to accept bitcoin or else lose those sales: - http://twitter.com/#!/ComputerGeeks/statuses/86467167851266048Incidentally, there's another vendor offering NewEgg prepaid virtual gift cards as well: http://www.BTCBuy.info (NewEgg, Amazon, Walmart, and Buy.com gift cards) |
|
|
|
if a wallet gets revoked with 1m in it, I think the intent was that a stolen wallet could no longer receive payments and I didn't see anything from the OP that had anything to do with keeping previously received funds in a stolen wallet from being spent. But I agree with your argument that this revocation concept is not really necessary nor desirable (and likely to not work anyway since it only takes one miner to miss or ignore the revocation request and the transaction gets included in a block regardless.) |
|
|
|
we are finally live and let Canadians Buy and Sell BTC Added to wiki using basic template. Please feel free to edit / improve. - http://en.bitcoin.it/wiki/VirtEx |
|
|
|
They are out of beta now, and ready for biz. I have been dealing with them for the last month, and I have no issues with them, a bit impressed actually.. Incidentally, the announcement thread is: - http://forum.bitcoin.org/index.php?topic=25312.0 |
|
|
|
(Note: this work only for standard tx) Right, so I spend to that "revoked" address using an ewallet provider and the coins don't come back to me. Better to just understand that addresses are not permanent, and when spending to always request the payment address when creating each payment. |
|
|
|
If this is of any assistance, it appears that bitcoins can be cashed out into BRL using Bitcoin Argentina. I don't know what method they employ to make that happen, but noticed it on their wiki article: - http://en.bitcoin.it/wiki/Bitcoin_Argentina---------- Traduzidos usando o Google Translate: Se isto é de qualquer assistência, parece que bitcoins podem ser sacados em BRL usando Bitcoin Argentina. Eu não sei o método que eles utilizam para fazer isso acontecer, mas notou-lo em seu artigo wiki: - http://en.bitcoin.it/wiki/Bitcoin_Argentina |
|
|
|
I think you should be able to buy with pre-paid Visa and Mastercards..stuff you would buy in like a supermarket. In the U.S. that is available now, using MoneyPak http://en.bitcoin.it/wiki/MoneyPakYou buy it at Wal-Mart and elsewhere for $4.95 + whatever amount you wish to send. Then you redeem the code at an exchange where MoneyPak is accepted. There are more options similar to this coming in the next few months. |
|
|
|
|
This site has gone away, apparently.
|
|
|
|
Is the site down or is it somthing on my side? The site has been down for several weeks now. Bitcoin Brasil hasn't updated its site in a while either. http://bitcoinbrasil.blogspot.com/ I wonder if that still is an option available. |
|
|
|
Buylr.in is trusted service I have bought LR from them 4-5 times .
The Buylr.in site now shows that the site is temporarily closed. - http://buylr.inTradeHill now now allows INR banking transactions. Deposit Rupees to TradeHill from any bank in India. Withdraw INR from TradeHill to any bank in India. The INR market on TradeHill is pretty thin yet, but that will likely change once a lilttle more INR volume appears making it attractive to Bitcon traders who perform arbitrage. - http://www.tradehill.com/MarketData/INRWith PayPal now forcing all transactions in India into the banking system, Bitcoin and Liberty Reserve are about the only online payment methods where funds received can then be used for spending right away: See for more on that: - http://www.bitcoindia.com/post/7092954587 |
|
|
|
Received at this address
2011-06-16 | 0.05 BTC
2011-06-19 | 0.07 BTC
2011-06-23 | 0.08 BTC ok so the date and amt makes perfect sense but how do you tell if it means sent or received. does | mean sent or received or am I missing something obvious? Well, I didn't include the Type column because I only cared about showing the transactions for type Received. If you look at the Block Explorer for that address, there are three rows, each showing Received. - http://blockexplorer.com/address/1KaKfWKk8busvMEzS7GXLrY8ENRMVUHt3e |
|
|
|
|
Wow, sorry. I had a context switch problem (from just working with an exchange rate when buying bitcoins to looking at this where the exchange rate is used for selling bitcoins).
|
|
|
|
|
T-Mobile prepaid virtual gift cards.
|
|
|
|
So in total, now www.btcbuy.info is now trading BTC for Amazon, Newegg, Walmart and buy.com Very cool. The exchange rate is currently 0.72 BTC per $10 card. (i.e., uses 1 BTC = $14.08 USD) [Edit: That is more than 10% below the spot price on Mt. Gox, and even more below the 24 hour weighted average.
That's quite a deal!
Is that offer good, or are there data issues?] |
|
|
|
that link just shows me a bunch of keys and numbers. I can't see any information there. There are three columns that matter, Block, Amount and Type. In the Block column are dates. In the Type column is either Received or Sent. And then there is the amount column showing the amount of BTCs in the transaction. From that data, the following table can be created: Received at this address 2011-06-16 | 0.05 BTC 2011-06-19 | 0.07 BTC 2011-06-23 | 0.08 BTC The original post was 2011-07-01, so all of these transactions occurred prior to the post. In other words, this solicitation has not yielded any contributions yet. |
|
|
|
A Bitcoin buy site where you can buy Bitcoins instantly using credit cards or bank accounts or paypal etc Since digital currency purchases are against PayPal's terms of service, no site will be able to offer that. The closest might be how on VirWoX you can buy Second Life Lindens (SLL) with credit card and paypal, then trade those SLLs for BTCs. It isn't cheap, but it is doable. As far as bank accounts, in the U.S. there is Dwolla for that. Then from Dwolla you have your choice of exchanges where you can convert Dwolla to Bitcoins (e.g., ExchangeBitcoins.com, Mt. Gox, TradeHill, and more.) in some other countries, bank transfers straight to the exchange are possible. - http://en.bitcoin.it/wiki/Buying_bitcoinsThere are new exchanges and payment methods being added at an increasing rate. And yes, there is even more to be done. But neither credit card to bitcoin nor PayPal to bitcoin are likely to happen. Unless it is P2P, with your friend, a family member or a neighbor. |
|
|
|
|
Show Posts
