Anyone who is mining 'other' coins, are just trying to make a quick buck, they have no interest in the currency succeeding.
I assure you 100% you are wrong. I have never exchanged my Litecoin for Bitcoin nor do I plan to, however I do plan to at some point buy some Litecoin with Bitcoin to support the miners efforts on this side. Interesting talks regarding 'other' coins here in this article http://bitcoinmedia.com/luke-dashjr-throws-book-at-solidcoin/, worth reading the comments too
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I am very satisfied with Athul's response
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My guy keeps leaving. Brb
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So I'm also of the opinion that there isn't really any official position on bitcoin from Amazon, and near term adoption as a payment method is unlikely.
I don't think so either, but let's keep all these inquiries going
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Dollars to doughnuts that Amazon already has a crack staff that would be able to think of a way to ensure that Bitcoin's "flaws" would not effect their internal system that they create to accept and track Bitcoin. Bitcoin's next stages of evolution may no longer take place on forums, on the Stackexchange, in mom's basement's worldwide, but behind a corporate entity that has the knowledge on what Bitcoin needs to be put into a real world situation. I also wouldn't be surprised if some forum members and other notable Bitcoin developers start getting offers from said entities to give themselves a boost. "Bit Pay, now sponsored by PayPal"
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Coinabul, edit the first post with a challenge to people to "see for yourselves" and a link so people can chat it up too Mass inquiries is just as good as mass promotion I would think. Dear lord if there is any indication that Amazon would legitimately start accepting Bitcoins, it's time to sell the car! And wait three days for that cash to make it to an exchange
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We have more users than that show has viewers I bet A really great episode, definitely a file to throw on a usb stick and pass around to people. Enjoyed the show enough too, not my style, but respect for the nighttime drama show that involves something like Bitcoin, and in such a specific and real way
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Thats the pirating spirit Thanks Cory and chsados, it is appreciated
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P2Pool would get more love it it was on Windows as a click to install, way more love.
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Reddit is a great place. /r/Bitcoin already exists. I am pretty sure Bitcoin has made the front page of multiple reddits before and will again. Don't spam that place, if there is real big news that is happening, post it then. Edit: http://www.reddit.com/search?q=bitcoin&sort=top been in Economics and Technology a few times. Maybe with the tv show that is coming up today have a post in some television related /r/ with the headline "Scamming Technology Bitcoin Featured in Primetime Tonight!"
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I have never seen such a harsh case of haters going to hate than this thread existing Someone needs to make a purchase of some chill pills.
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Thanks to his stupidity, we might eventually be able to track good 'ole Tom down.
I am trying to follow this, but to simplify it, a Bitcoin business of some kind would have to be involved to confirm the identity of a person who is trying to spend the Bitcoin? Is this where Mt Gox comes in? I figured a person would be smart enough to spend the coin on goods and services rather than try and exchange it out for cash in front of everyone's face. Or it is done little by little daily or something. Someone call Bruce or the Bitcoin Police? Or were they doing more damage than good for this cause?
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Just read an article that had the writer reply to some comments made post article, found it interesting. Here is the full article first. How I became a Bitcoin traderBy Matthew DeBord
Readers of DeBord Report will know that I've become embroiled in a controversy/experiment involving Bitcoin, the cyber- or crypto-currency that's captured the hearts and minds of some passionate supporters in the technology world. In response to some commenters on the posts I've written so far, I decided to buy and trade some Bitcoin, just to see how it would go.
I suppose I could call this "Bitcoin Challenge" to parallel the "Bike Challenge" I'm also currently engaged in.
There are some superficial similarities. I haven't ridden a bike anywhere in more than a decade. I've also never traded currencies — or much of anything else.
However, my sideline career trading BTC is off to a decent start. I don't know why, but the price of Bitcoin has been headed up of late. Because this is just an experiment and not an attempt to make real money, a few weeks back I purchased $10 of Bitcoin. I bought BTC at $3.90 and, a few minutes ago, sold it at $5.40.
I wound up making $3.70, roughly, on the trade, after the fee charged by Mt. Gox, a Bitcoin exchange. I had to make the trade because I'd set a conservative 20-percent return objective and an optimistic 25-percent objective. A return of 37.5 percent meant that I'd beaten my optimistic goal by more than 10 percent. Just for some perspective, the total real return in the S&P 500 since the 1950s is only 7 percent.
Also, as you can see, I picked the $10 amount initially because it makes it easy for me to do the math.
What I'll do now is wait until the price either falls to my previous 25-percent goal and reinvest the original $10; or if the price keeps going up, I'll bank the original $10 and invest the $3.70. This will enable me to devise a sort of long-short position — I don't know if you can trade BTC short on Mt. Gox — by putting my profit at risk and letting the $10 sit around waiting for the price to fall to jump in.
I welcome anyone who wants to pick this strategy apart to do so because I have no idea what I'm doing...for now! http://www.scpr.org/blogs/economy/2012/01/04/4168/how-i-became-bitcoin-trader/After the article someone made the comment, "You are acting like a day trader in a volatile market. This will be the way of BTC for a while until distribution is wider and assessments of its value is better understood." to which Matt replied This is actually why I'm doing this. I'm trying to prove -- to myself -- that BTC is actually something you trade rather than something you use to buy stuff. An instrument, not a currency. However, I've just gotten started and have some other tricks in mind. Thanks for your comment. I do not know this guy or his history, but it seems if you want to start making money with Bitcoin with a guy who claims he has no idea what he is doing for now, Matt is your man.
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Perhaps a marketplace subforum forum of some type would have been better suited for a sale or auction.
I do not recall anyone successfully posting a domain name at ridiculous prices ever having success trying to do so in the "Bitcoin Discussion" forum. I don't know if it is a maturity thing or just plain lack of research that would motivate someone to post such things here.
I did look at the other domains at the Graficonet domain store, and that has to be the most random collection of names I have ever seen, not sure if they are all yours anyways. I would take this CoinExchanger domain and start selling to not Bitcoin people, but rather just a large established merchant and sell them on not only the name itself but ideas on what they could do with it. I know no one likes marketing, but I could see the value of this domain being around the current market value of 900btc, $6,210, if not more if you sell it harder than making a post on a Bitcoin forum.
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He also said there is a digital currency called "Coins" originating in California that he claims is doing very well, even better than Bitcoin.
Haven't heard of that, and haven't seen it brought up in here before, so I'm not sure how well it can be doing First they invaded my Winamp plugins, now they invade our wallets WildCoins http://www.wildtangent.com/wildclub
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Noticed in the comments a plug for http://www.staremagazine.com/ which did or does accept Bitcoin, on top of being I think one of the earlier merchants to try out Bit Pay, so in a way porn did really come through, because I believe Bit Pay is going to be one of the bigger technologies to push Bitcoin.
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