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181  Other / Off-topic / I bought a stunning engagement ring - directly with Bitcoins! on: April 15, 2013, 08:25:13 AM
I am proposing to my darling in about a week - and I just bought a beautiful gold & sapphire engagement ring using Bitcoins.
Yes - I paid for it entirely and directly in Bitcoins!

It was bought from David Fortier of Tip Top Gem in Thailand. (He sells loose stones on bitmit but also does custom jewelry)

I highly recommend David's work. He was extremely helpful and knowledgeable and sourced some stunning stones for me before having them set into an 18K white gold ring.

I suspect there have been other engagement rings bought with Bitcoins by now -  I remember this thread from Roger Ver, where he was attempting to buy a diamond engagement ring with Bitcoins - but I don't know what the outcome was:
https://bitcointalk.org/index.php?topic=74266.0;all

I only paid a bit less than 20 BTC - I'm not a Bitcoin mogul like Roger Ver!
At the time(s) of payment those Bitcoins were at a few different rates above $100USD/BTC - as I paid David as he sourced the stones and then again later for the final ring work.

The whole process really brought home to me how convenient Bitcoin is as a payment mechanism for projects.
The merchant can get fast payment so they're not out of pocket whilst sourcing materials.

I had the ring independently valued here in the Sydney CBD by a registered member of the National Council of Jewellery Valuers (Anania Jewellers) and they confirmed that the sapphires were genuine and as described and the gold tested as 18K.   They gave me a replacement value a fair bit higher than what I paid - so I believe David gives very good value for gems and jewellery.

My darling hasn't yet seen the ring - but once I've given it to her, I may post a photo here.

Edit: ok, I think my girlfriend is pretty unlikely to come into these forums unaccompanied by me.. so I'll put up the photos.
I'm no photographer - but I think these capture some of its beauty.





The 2 side stones are white sapphires. I like the idea of it being an all-sapphire ring.

182  Bitcoin / Press / Re: 2013-04-12 Roger Ver Rocks on FoxBusiness!! on: April 15, 2013, 02:59:14 AM
It's nice to have examples of merchants accepting bitcoins and converting part or all of them to dollars (Evr Bar NY) using BitPay and the bitcoinstore's example, where the merchant keeps the bitcoins.

Personally, I was not surprised by Roger's revelation in choosing bitcoin over dollars, but it's nice such confidence be shown on TV.

Reporter:

Quote
"Roger, you only take bitcoins exclusively in your online site. How is that working exactly? Do you hold them? Do you convert them back to dollars?"

Roger (in just 46 seconds):

Quote
"I'm confident that Bitcoin is the most important invention of the entire history of the world, since the Internet. And because the supply of bitcoins is limited, the price is gonna go up."

"So every order that we get at bitcoinstore.com, I just hold the bitcoins. I don't convert them into dollars. I trust bitcoins more than I trust dollars, euros or yen."

"And you can see around the world all the crazy things that governments are doing to debase their currencies. With bitcoins that can't happen. And it is protected by the laws of mathematics, not the laws of man. We don't know what the US government is gonna do with the dollar tomorrow (reporter agrees), what the europeans are going to do with the euro, and the japanese are going crazy printing japanese yen as well."

"With Bitcoin I don't have to worry about any of that. I know exactly how the Bitcoin protocol is gonna behave. I don't have to trust any government (reporter agrees again), politicians or someone else with my money. I have complete control about what I do with my own bitcoins. That'a a wonderful thing."


I thought it was a little unfortunate that he's holding all the coins.
...And I find the claim surprising - surely he means the profit component, not the whole lot. Does he really earn enough from his other businesses to pay for all the merchandise he sells on bitcoinstore?

If he had been converting to USD it would have provided a good counterpoint to the other guest's claim that Bitcoin is 'a game' and not a 'real monetary or payment system'.

183  Bitcoin / Bitcoin Discussion / Re: What are the biggest mistakes you've done with Bitcoin? on: April 10, 2013, 01:26:17 AM
Stopping my bitcoin miners back in 2010 because of a port conflict with Vmware. 
184  Economy / Marketplace / Re: Buy and Sell Bitcoins in Australia and New Zealand - Bit Innovate on: April 05, 2013, 03:58:04 AM
I'd love to use them, but I just can't justify paying twice the commission compared to MtGox.

Yeah.. that's what one of my friends said.  By the time she managed to set up a mtgox account and get funds into it - she paid much more than she would have at bitinnovate.
MtGox is good for catching a dip though.
185  Economy / Marketplace / Re: Buy and Sell Bitcoins in Australia and New Zealand - Bit Innovate on: April 05, 2013, 02:02:32 AM
Some of my acquaintances have bought using Bitinnovate - and one mentioned that the bank teller was curious about it and said that they had seen a few deposits to 'bitinnovate' in the past day.
That's just one branch - so they must be doing a fair volume of trade!

I've now sold a few times using this service and had no problems.

I do hope that Bitinnovate has good relations with their bank manager(s) and is doing all the right things as far as AML laws...  It'd be a shame to see this service get unwanted attention from regulators due to the sheer demand for the service!

Bitinnovate - do you hold some capital in reserve in a separate bank account so that if your main trading account is frozen, you can still return whatever was in-flight during the freeze (or at least a good proportion of it)?
186  Bitcoin / Hardware / Re: is it safe to set core frequency to 300Mhz (Extreme) for avalon? on: April 04, 2013, 10:02:00 AM
the default is 282, and hashrate is  60G.

Does anyone tried to set it to 300?


I tried mine at 300 for about 20 minutes.  The hash rate and the shares submitted didn't change.  So I put it back to 282.  My unit was in a cold room, 0 C.

Did you restart the cgminer process?  I'm definitely getting more hashes at the pool end.
187  Bitcoin / Hardware / Re: is it safe to set core frequency to 300Mhz (Extreme) for avalon? on: April 04, 2013, 09:56:17 AM
I've been running at 300MHZ for a couple of days (in an air conditioned room). It seems to give around 71GH.
188  Bitcoin / Press / Re: 2013-03-31 Forbes 'Is Bitcoin Doing Well Or Is It Just A Bubble?' on: March 31, 2013, 11:33:10 PM
Quote
Itís just not true that people are doing multiple billions a year of Bitcoin transactions. The number is well below that $ billion of the outstanding value of the currency.

It seems nobody in the comments section on Forbes has taken issue with this... so what is an approximate figure for the yearly USD value of Bitcoin transactions?
Is there a site with a regularly updated estimate of this?
189  Economy / Trading Discussion / jewelry - not much available for Bitcoin? on: March 30, 2013, 01:57:19 AM
I'm a bit surprised there don't seem to be more options to buy fine jewelry for Bitcoins by now.

There is allthingsluxury.biz :  some quite nice stuff - but a fairly narrow selection that have genuine gemstones or at the finer end of the spectrum.

tiptopgem.com in Thailand looks great for quality gemstones, and they also do custom work - but they don't really have a catalog of existing jewelry.



Dress jewelry in the sub $100 range seems to me to be the sort of thing a girl will pick up on a whim when looking at it in person.

A guy buying a gift...  well if they're anything like me, they are not interested in buying something cheap with glass.
I expected to be able to find more pieces in the USD $300+  range.

Anyone know of any other jewellery stores accepting Bitcoin?



edit: I mean come on - Bitcoin is not all just geeks who want computer gear right!??   Some of us have spouses/girlfriends/boyfriends to appease about the whole 'obsession' Wink

190  Bitcoin / Project Development / Re: Ask http://www.pozible.com to have bitcoin on: March 24, 2013, 08:02:54 AM
They tweeted positively about Bitcoin... about 2 years ago!
https://twitter.com/Pozible/status/68452112924803072

Time to prod them about it I think.
191  Bitcoin / Pools / Re: [20000 GH] BTC Guild - PPS/PPLNS with TxFees, Stratum+Vardiff ASIC Tested on: March 23, 2013, 02:37:00 PM
My account Looks good to me now Smiley
2 bad auto payments were removed - balance updated.
PPLNS shares all look reasonable.

192  Economy / Speculation / Re: CRASHHHHHHHHHH!!!11 on: March 23, 2013, 02:06:24 PM
The world is watching so lets not give them a repeat of the last crash without any flaw within Bitcoin itself.
There will be a final crash one day - hopefully not too long from now, so that it doesn't destroy too many people's savings - because there are indeed fatal flaws within Bitcoin itself. I just hope to be able to have some fun and take some of the wide-eyed fanboiz' money until then.

I too see a fatal flaw.
It's not clear to me that the Blockchain can be transported in the exodus to different star-systems once our Sun starts to die.  I just don't see how this can be done in a decentralized manner and still be considered the same Blockchain - especially, considering our ancestors decendants will possibly not be evacuating to a single new location.




FIFY

If you want to dig your ancestors out of their graves to send them on a starship you could, but I don't think any of them will be up to using bitcoins.


But surely 'we' being such technology fans - will have uploaded ourselves into computer systems or otherwise morphed - so 'humanity' as a whole can be (loosely) considered our ancestors . As mere un-enhanced humans will be the last to leave the planet - it's they who will last be using the original unmoved blockchain.

Well ok - yes  that was an embarrassing mistake   Tongue

193  Bitcoin / Pools / Re: [20000 GH] BTC Guild - PPS/PPLNS with TxFees, Stratum+Vardiff ASIC Tested on: March 23, 2013, 01:02:00 PM
Hmm.. another payment failed to come through. 
This one linked to: http://blockchain.info/tx-index/12044

194  Economy / Speculation / Re: CRASHHHHHHHHHH!!!11 on: March 23, 2013, 12:30:46 PM
The world is watching so lets not give them a repeat of the last crash without any flaw within Bitcoin itself.
There will be a final crash one day - hopefully not too long from now, so that it doesn't destroy too many people's savings - because there are indeed fatal flaws within Bitcoin itself. I just hope to be able to have some fun and take some of the wide-eyed fanboiz' money until then.

I too see a fatal flaw.
It's not clear to me that the Blockchain can be transported in the exodus to different star-systems once our Sun starts to die.  I just don't see how this can be done in a decentralized manner and still be considered the same Blockchain - especially, considering our ancestors will possibly not be evacuating to a single new location.


195  Bitcoin / Pools / Re: [20000 GH] BTC Guild - PPS/PPLNS with TxFees, Stratum+Vardiff ASIC Tested on: March 23, 2013, 10:31:10 AM
I see a payout on my btcguild account for 1BTC  at 2013-03-23 08:58:11 AM
Wondering why I wasn't seeing it in my wallet by now - I look at the 'Transaction Link' for it, and it links to:
http://blockchain.info/tx-index/12039 

Anyone know what this means?


196  Bitcoin / Hardware / Re: [AVALON] - I got my ASIC Thread (Batch #1) on: March 22, 2013, 12:35:50 AM
2 Avalons received in Sydney Australia
order number 3xx
197  Bitcoin / Hardware / Re: store.avalon-asics.com - "prepping for batch #3" on: March 18, 2013, 10:49:15 PM
Strange.... exciting?  Undecided

I can normally login and see me order status here:

http://store.avalon-asics.com/?product=avalon-asic-batch-2

But even that redirects to the 'prepping for batch #3' page.


Where's my batch #2 Unit!?!?

Not everyone has even received their batch #1 unit.
It seems to me that the tail end of batch #1 were a bit unlucky... with I suspect, the longest time between payment and delivery - all during a bull run in BTC prices just to add to the pain a little.
198  Economy / Service Announcements / Re: [ANN] BitcoinStore.com (Beta) - Electronics super store with over 500K items! on: March 17, 2013, 09:28:51 AM
Is the zendesk support system supposed to use the same login/pass as the main website?

I've been having trouble viewing my ticket - and password resetting doesn't work.
199  Economy / Service Discussion / Re: 2013-03-15 BTCGuild Scammed of 1.2k coins on: March 16, 2013, 03:37:46 AM
I don't even see why this belongs anywhere. Where is the info about the alleged scam other than in the title of this thread?  
What is the link to the BTC guild home page supposed to tell us?
200  Economy / Service Announcements / Re: Instawallet maintenance on: March 13, 2013, 04:55:32 AM
I believe this issue can also crop up if you use the instawallet android app.

It seems that the app can display a Bitcoin address which is no longer associated with the wallet.

I think a new version of the instawallet app needs to be released. If there had been a new version, I would have updated prior to using it.
It didn't occur to me that the Bitcoin address might have shifted underneath me!
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