Title says it all. I am wondering if there is a Meze Grill equivilant in the UK that accept BitCoins as payment?

Thanks!

Virtual, or online societies wouldn't work, in my opinion, because trade is usually done for physical things.

An earlier poster used the analagy of people saying they are an online king and demand taxes off of everybody. It's ludicrous.

I believe Bitcoins adoption will be slow as pockets of communities reach out to each other on a global level with ease, a level that couldn't be achieved with our surrent monetary systems, this will mean local businesses will eventually pop up.

Of course, if a country wishes to adopt BitCoin as their national currency, how on Earth will they get enough to support a national economy? Will the governmetn be expected to buy millions of BitCoins from the market?

I believe if this adoption were to take place, first the government would create a paper currency which would be backed by BitCoin, (more like digital coin not a certificate for redeemable BitCoin. Self-issued credit in terms of BitCoin) as that would be easier to distribute. They would also declare BitCoins as legal tender, so slowly but surely, BitCoins will be introduced into the national economy, but the economy isn't stunted by lack of BitCoins.

The reason BritCoin took off was because it was a place where buyers and sellers could meet and thus determine the price amongst themselves collectively.

If an exchange is to open in Australia, I reckon the same principle would make it flourish, rather than an exchange that buys and sells, because that is limiting the amount of buyers and sellers. Sure there is additional responsibilities attached to looking after the BTC and Australian Dollars, but as people trade more, the risk is lowered and you prove yourself to be trustworthy.

I woudl very much liek to see genjix and CCCMikey collaborate to produce a marketplace site, definately!

It is spent on paying off loans so that more loans to the government can be made - basically what you just said!

How do IBB get their money? Is it purely using investment by shares?

Do you offer current and savings accounts? I knwo that Islamic Bank of Britain do some. Their current account has no overdraft facility and they pay no interest, which they view as a loan to the bank payable on demand, and the savings accounts are like silent partnerships where the money is invested and a proportion of the profits are returned (but I think there are conditions on accessing money from this type of account)

Will you do something similar?

Nothing is wrong with BritCoin itself, but there must be SOMETHING wrong when it is reporting that a sale was made where somebody paid 10,000 pound for a BitCoin, I am certain that sale never went through or was for a small amount of BitCoins, it shouldn't have even got matched in the first place!

All the erroneous data needs to be cleaned out, when you look at BitCoin Charts and display the last 60 days' activity for BritCoin its all skewered because of this rubbish data!

yes

I noticed this as well, and it was messing up the graph big-time. It must be a bug or something.

Why has BritCoin been taken off the BitCoin Charts?

I think the question of the OP is how are the trades matched?

E.G.

If there is already a sell order at 10 each and you want to place a buy order at 12 each, how do the exchanges decide what is traded? Are they matched at 10 each, which is what the seller would accept, minimum, giving the buyer, effectively a discount.

OR

Is this settled at 12 each, which is what the buyer was willing to pay but giving the seller a better deal.

A dollar is a dollar, indeed, however what that dollar can buy for you constantly becomes less and less. This is shrouded with our wages going up making us think we get pay rises, and prices going up making us think that supermarkets want to make a larger profit. Compare and see how much bread your dollar could buy 10 years ago compared to how much bread it can buy now.

It depends on your point of view: Is the dollar going down in value is is everything else on the planet going up in value???

Talking about exchanges, does anybody know if there is an Indonesian BitCoin exchange (as in one for exchanging Rupiah into BitCoin and vice versa)?

This is exactly what I refer to. Is genjix aware of this?

Recently there have been unrealistic trades, apparently, shown on BitCoin Charts. Recently there were BitCoins sold for 5000 each, apparently?

Is something wrong with the site (Charts or Britcoin?) These can't be right.

Each share represents a portion of your company. For each share you sell, you have less ownership of the company.

But previous posters are correct. Once a company goes public, it is exactly that, owned by the public (the public that bought shares in the company, mind you)

Once a company goes public 100% of the company is up for grabs by anybody, you can only claim majority shareholder status if you own (bought) 50% or more shares of the company. And because you started the company in the beginning, true the company would have belonged to you, Dishwara, but as soon as you made it public, you immediately divorced yourself from the company unless you buy back your shares.

True, if you had a loan it would've been different, I guess this is the difference between a loan and shares.

If one is withholding shares from the market, one should either buy them immediately, or put them for sale immediately, if 2000 shares were issued, and you only bought 40 of them, I would agree with previous poster, this, unfortunately, doesn't make you the majority shareholder, I'm afraid.

Up again

Using Liberty Reserve to fund an mtgox account is best.

I would suggest steering as far away from paypal as possible. There was a previous merchant who bough and sold BitCoins using PayPal, however his accounts was frozen as PayPal do not allow currency exchange (implicitly meaning that they acknowledge BitCoins legitimacy as a currency).

Or you can buy them over-the-counter with somebody else who will meet up with you in person to exchange them with cash or give you a bank account to deposit the money into.

Thanks genjix for your efforts!

If you are so eager to buy BitCoins and the exchange is not doing it, perhaps you can buy some over the counter? I'm sure there's some guys in the UK willing to accept a bank transfer to send you some of their BitCoins.

At the time of writing this, there is a sell order for 18.21 BTC for 300GP making it 16.4745 GBP/BTC

However there is also a buy order for 45.2 BTC for 840 GBP making it 18.5841 GBP/BTC

A guy is willing to pay £18.5 for BTC and somebody is willing to sell for £16.47.

Is there a problem with the site where the orders are not being matched and the trade not happening?

Many thanks

Sultan