Thanks genjix for keeping us informed of what was going on. Looking forward to trading soon on your site!

BritCoin has plenty of volume, nowhere near the amount on MtGox, mind, but what kind of volume are you looking for?

Also trade for BitCoin in PayPal at your own risk, considering that they now acknowledge BitCoin, implicitly, as a currency as there was once a merchant who offered a PayPal to BTC service, but I believe his account was frozen, so if they find out you are buying BTC there may be a risk they'd shut your account too, and PayPal are notorious for this.

BitCoin-otc would be other option if you want to sell/buy BTC for cash, but as far as exchanges are concerned, BritCoin is doing a fine job, unless you plan to buy/sell 100,000s of pounds worth of BitCoin.

I noticed the site is back up again.

Does this mean we can now deposit/withdraw GBP/BTC into and out of BritCoin successfully?

Thanks to the dude who gave the ip address for the Britcoin site. It's worked well for me too.

Britcoin IS UK-based as you can do an instant-bank transfer to top up your account.

Could this be a DDoS attack? Or simply because loads of people are accessing the site?

I would like to also vouch for BritCoin.

I have successfully withdrawn money from the exchange and also successfully deposited money to the exchange.

I understand that people may be weary for it operating on bank transfers, but the creator seems trustworthy enough.

Very good exchange for those who live in Britain and wish to buy/sell BitCoins.

Just wanted to bump up this thread to all the UKers out there.

https://britcoin.co.uk

Very easy to get money in and out of the system, admin is trustworthy! Easier than jumping through exchange hoops to buy BitCoins otherwise!

Hey, I bought something from amazon.co.uk using your toolbar's link. But I don't believe I have received the rebate BitCoins!

What is the link for www.amazon.co.uk. I am about to buy something and I can't get to the link!

How much does it cost to ship them to UK?

Interesting idea.

The only way it would work is if one could sustain their lifestyle using BitCoins only.

After the government would seize your assets and you declaring yourself bankrupt after being summoned to court by the credit card companies, you shuold be able to buy all of your stuff back with BitCoins, but that would be a waste of time anyway, unless you took out a loan worth more than your actual worth.

Most huge loans are collateralised, so no way of making money there.

If you really believe in BitCoin, just buy more with every single penny you earn until eventually even the pennies you earn are actually BitCoins themselves.

How do you start using it?

Most of the BTC miners are in America, hardly any in any other countries, thus, naturally, there won't be many people selling BitCoins in other countries.

Only way to get the BitCoins into your country is to buy them or mine them.

So the best way to do this is to have a currency exchange very much like mtGox, where people's supply and demand will automatically set the price.

That is all you can do at the moment, considering that there is other way.

As for the first BitCoin town, that would help things ALOT because the villagers would work for themselves, earning and spending BitCoin. That would definitely bootstrap the BitCoin economy.

My name is Hasheem the Terrorist and I approve of BitCoin

I understand your point-of-view to a certain respect, certainly.

However regarding the early Gold rushers, what you find is that the constraint of unearthing Gold was physically limited. For example, if 100 people mined Gold in the early days, just because 3 people mine is 1000 years later, it doesn't increase their chance of finding gold.

However with BitCoin the frequency of unearthing fresh BitCoins is dependant on the amount of people mining for it. More people, less BitCoins distributed, less people, more BitCoins distributed. Of course, this is slowly decreasing every four years anyhow, I'm just saying that within the four years, it is down to the whim of the network.

I dislike the analogy of BitCoin mining to Gold mining.

There is one huge difference between the two:

With Gold the ease/difficulty of uncovering does not adjust according to the amount of human effort invested in attempting to find it, whereas BitCoin's "difficulty" is dependant on the amount of people attempting to mine it.

For example. If there were only 3 people in the network, they would each find it easier to earn BitCoins than 3,000 people in the network.

I just started on your game, I'm liking it so far!

How many BitCoins and how much per?

I live in the UK

grondilu, this is not entirely true.

because chances are when you borrowed the chocolate cake you would have stipulated how you would repay that debt, either as another chocolate cake or as USD or BTC, whatever. But that contract is verbally agreed BEFORE you take the cake. So at the time of the agreement you haven't gone into debt and so legal tender laws don't apply.

In the case of the restaurant. It would only apply if you rushed into a restaurant, ate the food, not knowing the price, then at the end of the meal you ask for the bill and the waiter goes: "that will be 3 goats please". You had not agreed to that in the beginning, because you assumed it would be USD, and the menu didn't show the price in USD. however in this case, the waiter is forced to accept USD as legal tender because you can't just walk out as you owe them payment for the meal you just had.

I hope this is correct. I may be wrong.

If you Encrypted your wallet, then took the binary of the file as a representation of letters and numbers, and then printed that on paper, that would safeguard your BitCoins, but then you'll have to wait for the network to re-establish itself after the fallout...