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121  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:37:52 AM
Yes, Canada does need it.

I did it for my country Tongue coming soon... as soon as I can code it, get a lawyer, and the appropriate accounts it will be here.
122  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:30:36 AM
It's nice to see right away that there would be an interest in a Canadian exchange.

I have just registered the domain and I will start work on coding a secure, user friendly interface.

I can't promise you guys a timeframe... This will be a HUGE project... but I have alot of time on my hands and I would like to bring something to the bitcoin community.
I will take my time and do it right. Hopefully we can have something operational in six to eight months.

Glad to see an interest and will see you all on in the future Cheesy
123  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:12:41 AM
Not to be rude, but I am a network security specialist. I am well aware of what would be required in setting up a secure exchange both technically and legally.
124  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:05:25 AM
Nothing would ever be sold lower then the highest bid price, thats for sure.
125  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:03:30 AM
You would be able to directly deposit USD, you would get the current exchange rate on converting it into CAD upon entering the trading account.
126  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 04:00:41 AM
If I were to take the time to setup a secure exchange, how many people would be interested in trading BTC with Canadian dollars??
127  Bitcoin / Bitcoin Discussion / Re: Mtgox hit $2.99 on: July 02, 2011, 03:58:08 AM
Thats enough for me lol

I think I will open an exchange for Canadian dollars.
I will look into what kind of accounts will be necessary to facilitate deposit/withdrawl in Canada and maybe make an exchange site.
128  Other / Beginners & Help / Re: Possible to Limit CPU/GPU Usage During Mining? on: July 01, 2011, 06:10:05 AM
I'm not sure that there is an easy way to limit the usage... I think most people are going for 100% usage maximum efficiency.

If you are upgrading you operating system I would suggest that you backup your wallet.dat to some sort of external medium.
That way if you do format the drive during installation, or loose your bitcoin install some other way you would still have a backup.
129  Other / Beginners & Help / Re: The price of the bitcoin on: July 01, 2011, 05:58:42 AM
Yes I agree, I think that bitcoin will be a great thing for us but we need to get alot more places accepting it.
I am doing something to help inform the locals in my area about it, and I of course will be offering services in bitcoin.

Mining for me is just something I can do with all my extra hardware, I haven't invested anything in mining yet although I have been considering expanding my mining operation.
Basically what I want to see is bitcoin accepted everywhere.... Well there are alot of people in there world, in order for the 21 million coins that will be made over time to be enough for all of us, they need to be of sufficient value that having very few ( or even less then one ) could be of use.

I think it will get there eventually if we all continue on not just mining bitcoins, but spreading the word to people that dont know about it and trying to get more places accepting it as payment
130  Other / Beginners & Help / Re: Bitcoin Businesses and Developers, Let's Get Started! on: July 01, 2011, 05:51:17 AM
I live in a small town and I offer computer repairs and upgrades for the locals. As well as that I do managed webhosting and dedicated servers.
Right now I am in the processes of redesigning my site, and I will be accepting bitcoin as payment for services there, and locally.
I will also put up flyers allover town with a notice about bitcoin, informing my locals that they to have the chance to earn (and pay me with) bitcoin.
I think this is a really good idea, and I never want to see a chargeback in my life!
131  Other / Beginners & Help / Re: Whitelist Requests (Want out of here?) on: July 01, 2011, 05:46:31 AM
I would like to be allowed into the rest of the forum.... I'm not really a newbie I have been mining for a while now and using linux for years and years.
I also do some web design, and programming in a few different languages.
I think that I will be a help to the forum community... Nobody will get mad at me for spammin! promise! Cheesy
(I'll even help out when I can too)

Thanks  Wink
132  Other / Beginners & Help / The price of the bitcoin on: July 01, 2011, 05:15:55 AM
Since I have started mining a few weeks ago, I have noticed the prices are pretty rocky, although reasonable... they were higher before.
Every time the difficulty increases, we mine a smaller amount of coins, for the same electricity costs.
It is taking a heavier and heavier hardware and electricity investments to mine a steady flow of coins.
I think we should all think about just how valuable our coins are and stop selling them for 15$ and prices like that.
Really, I think we shouldn't be selling any BTC for anything less then 20-25$.. and the price of the BTC should go up when it gets more expensive for us to mine.
I think Bitcoins can do very well, but they need to keep climbing in value in order to scale to a large enough economy size.

There is nothing wrong with the amount of Bitcoins that will be created, for once we have a clear understanding of how much of a certain currency their is.
I could imagine bitcoins being worth 10 million dollars each one day, but since you can break a bitcoin in to ten million peices... maybe a .00000001 of a bitcoin could buy us a pop one day.  Smiley

I think that it basically comes down to how we value the currency amongst ourselves... If you take the dollar, we have what? trilions and trillions of those?
When you look at it that way, it makes sense to value a bitcoin at more like 1000, or 10000$

Lets help it get there! Cheesy
133  Other / Beginners & Help / Re: Newbie restrictions on: July 01, 2011, 05:05:40 AM
These are good rules, helps keep the forums free of garbage.
134  Other / Beginners & Help / Re: Introduce yourself :) on: July 01, 2011, 05:04:39 AM
Well, I guess I don't have a choice but to post here the first time... Hi guys Cheesy
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