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1661  Bitcoin / Hardware / Re: If order AVALON batch #3 when to expect to get it? on: March 28, 2013, 05:09:42 AM
They will start to delivery from May. When you will receive depends on your delivery destination and you payment order.

I'm out. Half decision was mine and then the whole decision was when they went out of stock.
1662  Economy / Currency exchange / Re: [Temporarily OUT OF STOCK] Bitcoins Direct - Private off exchange sales on: March 28, 2013, 05:08:21 AM
Hi opentoe, are you a customer of Bitcoins Direct? Would you sell me one of your coins?

Hello. Yes, I'm a customer but I'm looking to buy BTC myself right now. Just trying to avoid the back alley deals right now. Apparently ALL the major players are out of coin for some reason.


1663  Bitcoin / Hardware / Re: Avalon Batch 3 sold out already? on: March 28, 2013, 05:05:55 AM
Yeap. Wait for gen 2 Avalons or get some ASICminer shares. Those are valid choices.

I was on the fence really and a little nervous about ordering one. I stopped myself last night from ordering and I'm kind of glad I wasn't able to buy one.  It was all free money I had from my BFL refund I got back a while ago which I never transferred back to USD. It just kept growing and growing. I felt a little weary about once you have the unit your on your own. They don't have any customer service now, so I doubt they will have any later. And I don't even think everyone from batch #1 received all their units yet, no?



Batch #1 is shipped and Batch #2 will start soon.

I was under the impression not all of batch #1 was shipped yet. I knew several people got orders from on here and can count them all on my hands...I guess the other hundred don't use the forum?

1664  Economy / Currency exchange / Re: Looking to buy about $2200 worth bitcoin.... on: March 28, 2013, 05:04:35 AM


Ill take western union, liberty reserve or GDMP

Thanks

This is no escrow or protection for me, right?


sure if you want to pay for it.

I need to pay to protect money I'm giving out for something in equal value? Sorry, I'll pass on the one on one trade stuff. I guess I'll just stick with the major players. Thanks for the opportunity though.




lol...what? don't act like its uncommon for someone to charge a fee to hold escrow funds... you just assumed I wouldn't accept escrow.

Yea well good luck in your hunt for major players

No, sorry. I thought you meant you didn't want to use escrow at all and wanted me to pay the price if I lost everything. Miscommunication  there I guess. Sorry.
1665  Bitcoin / Hardware / Re: Avalon batch 3 is almost $6000 on: March 28, 2013, 03:23:35 AM
Why do we obtain the "price" of BTC from usd conversion whenever we compare historically, but never the other way round ? Shouldn't it be consistent ? If intrinsic value of BTC has increased, then current price of an object should cost less btc, and vice versa, Don't you think ?

So, it will be consistent if fiat conversion value/price is completely taken out of equation. Oh wait - then how do we measure the value ? Looks like we do not have any :-(
Normally you are right, given that the inflation of the USD is 0 (which it isn't). But mining equipment is a special case, because you have to account for opportunity cost, i.e. the increase in purchasing power of the BTC.

The problem of high inflation, high deflation and the likes is that it blows your mind when trying to plan in microeconomic terms. That's one of the reasons why economies go into recession when the monetary base becomes unstable.

I admit I don't understand the technical aspect behind the economics of this industry and while it considered an experiment people are still putting up thousands of BTC each day. For my stand point since I have to pay my bills in US Dollars and not BTC, I have to compare the BTC value against something that is worth something to me. A dollar. If I could pay my mortgage with btc and my cable bill, electric bill then I could understand more...but since I can't it is hard for me to wrap my head around the high price, which in my mind is 3 mortgage payments. It is so mind boggling! If the cost of it was $3k, I would do it.  I'm just more surprised they went from $1500 to $6000 in one swoop. I guess because of that large increase they are expecting BFL to deliver maybe? IF BFL does delivery, will Avalon even have a 4th batch? If not, then what about warranty and stuff like that? Hardware issues?

I apologize if I came off a bit aggressive in my original post. I just assumed that someone with over 250 posts on this forum would have some understanding of the underlying fundamentals.

In my opinion, the rise from 1500 to 6000 is due more to the rise in the trading price of bitcoin, and the comparative profit potential of a machine that can make 3 btc per day (currently)

As an example, consider that for the price of 3 months mortgage payments, you could purchase a device that would essentially print enough money to pay your mortgage each month. that's the way it would work if the price were fixed and the difficulty never changed.

The problem is, that the price is not fixed, and the difficulty does change. This means that there is a great deal of risk (and possible reward) involved in mining. There is no warranty, there are no guarantees. "You pays your money and you takes your chances."

If you really want to understand the aspects behind the driving forces of bitcoin, I suggest you start here -> The Money Masters <- that's where I started.

The road is long and winding. I cannot tell you where it might lead, all I can show you is the path.

:edit: if you watch the linked video, you will see that it is the ones that are in control of issuing the money that have the power. With the advent of bitcoin, that power has been distributed into the hands of the miners (and perhaps the people that create the devices that allow such issuance of money (ASIC producers)) This will perhaps explain why such a premium is placed on acquiring these devices.


Apology accepted. If post count matched up to knowledge level there would be A LOT of really stupid people out there. Smiley
1666  Other / Beginners & Help / Re: Official Newbie BitInstant Support Thread (Active Customer Support) on: March 28, 2013, 03:18:25 AM
How does the process work in buying bitcoin with Bitinstant via Dwolla or Mt. Gox?
1667  Economy / Currency exchange / Re: Looking to buy about $2200 worth bitcoin.... on: March 28, 2013, 03:03:44 AM


Ill take western union, liberty reserve or GDMP

Thanks

This is no escrow or protection for me, right?


sure if you want to pay for it.

I need to pay to protect money I'm giving out for something in equal value? Sorry, I'll pass on the one on one trade stuff. I guess I'll just stick with the major players. Thanks for the opportunity though.


1668  Bitcoin / Hardware / Re: Avalon Batch 3 sold out already? on: March 28, 2013, 03:01:30 AM
Yeap. Wait for gen 2 Avalons or get some ASICminer shares. Those are valid choices.

I was on the fence really and a little nervous about ordering one. I stopped myself last night from ordering and I'm kind of glad I wasn't able to buy one.  It was all free money I had from my BFL refund I got back a while ago which I never transferred back to USD. It just kept growing and growing. I felt a little weary about once you have the unit your on your own. They don't have any customer service now, so I doubt they will have any later. And I don't even think everyone from batch #1 received all their units yet, no?

1669  Bitcoin / Hardware / Avalon Batch 3 sold out already? on: March 28, 2013, 02:37:52 AM
Says they are sold out of both versions. Is this so?

1670  Economy / Service Discussion / Re: Coinbase is an Honorable Company[EDIT: Major Issues at CB now] on: March 28, 2013, 02:31:56 AM
I never had such a tough time to buy BTC. I refuse to pay crazy high fees. I'll stand my ground.

I think I'm ditching coinbase off my list of potential BTC suppliers. Not having the service available is essentially them not being in business. If only %10 of people are able to buy BTC from them %90 others will go elsewhere obviously.

I'm on the hunt!

1671  Economy / Currency exchange / Re: Looking to buy about $2200 worth bitcoin.... on: March 28, 2013, 02:27:33 AM


Ill take western union, liberty reserve or GDMP

Thanks

This is no escrow or protection for me, right?
1672  Economy / Service Discussion / Is Dwolla down? on: March 28, 2013, 02:24:48 AM
I haven't been able to access Dwolla's website. Anyone else?

1673  Economy / Currency exchange / Looking to buy about $2200 worth bitcoin.... on: March 28, 2013, 02:07:11 AM
Bitinstant's charge on this amount is %.89. Pretty good, but I'm having trouble funding my account. Is there an easier way?

1674  Economy / Service Discussion / How to purchase coins with Bitinstant with Mt.Gox / Dwolla? on: March 28, 2013, 02:03:44 AM
I have a fully verified Mt.Gox account. I also have a Dwolla account. I need to buy some bitcoin using Bitinstant, but finding the process odd. Where does the funding come from? I have a bank account attached to my Dwolla account, but Mt. Gox doesn't have bank account funding. What is the process/procedure to buy bitcoin with Bitinstant using Dwolla/Mt.Gox? Do I need to fund my Dwolla account, then send the funds over to Mt.Gox or somehow? If I could just add funds to my Mt. Gox I'd be ok, but I can't find a way to fund that account to buy bitcoin.

Thanks
1675  Economy / Service Discussion / Re: Coinbase is an Honorable Company on: March 28, 2013, 01:39:14 AM
There is a program that will automatically keep trying for you until they have some bitcoins to sell:

https://github.com/martindale/coinbase-trader

So coinbase has this problem so bad there are programs out there written to keep checking with coinbase on when they have coins available?

Maybe they should close doors and rethink strategy so they can actually be up and running again?

1676  Economy / Currency exchange / Re: CryptoCurrent // Bitcoin Sales - Simple & Secure on: March 27, 2013, 06:10:12 AM
I appreciate your opinion, but we firmly stand by our 5% fee for the time being.  Other companies like us have comparable rates, and even Bitinstant charges 3.99% fee plus the ZipZap fee, Bitcopia and Ziggap each have fees right around ours.  We have to cover our costs and feel our rate is very fair considering we pay the bank to handle our many cash deposits, we provide prepaid overnight shipping labels ($18-$30), etc.

I can respect it if/when someone disagrees, but for now, 5% is where we'll stay.  Smiley


I'm ok with the %5, and do think it is fair...just right now a little high for me that's all. Bitinstant has a %1.99 fee on buying from Dwolla. I actually forgot I had a verified Dwolla account. BUT also I've heard Bitinstant having big delays in transactions...so who the heck knows these days right. Will you guys ever incorporate funding from bank accounts?

And are you JonSnow from Game Of Thrones?



1677  Other / CPU/GPU Bitcoin mining hardware / Re: Miners! Did Bitfloor give you the shaft? on: March 27, 2013, 06:05:19 AM
I am seeking enough Bitfloor debt to make pursuing action against Bitfloor and Roman worthwhile.  Please see this thread.

https://bitcointalk.org/index.php?topic=159221.0

Mods, I hope you will tolerate the cross post since miners are the most likely to have been burned by Bitfloor and may not monitor the service forum.

What did bitfloor do?
1678  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 27, 2013, 06:03:53 AM
If you should blame anyone, look here

Blame anyone on what? You still haven't explained anything you are saying. I know, I'm a fool for even responding to this, it is hard to control.

This is a bitcoin forum and you are hiding being a newly created account because you are a coward to post under your real username. Then you post and talk about me. I didn't think I was that popular. If you want to promote me for free and waste your time and energy talking about personal people on a bitcoin forum then keep on going. I'll be happy to entertain and I'm %100 positive all people will become so bored they'll never read anything you ever post again. Trust me, my life is quite boring bro but if you want to me escalate me up on pedestal and popularize me I'm all for it! Trust me on this one, if I don't respond to your posts no one will except the young kids that thrive on social media drama on a bitcoin forum. If my life is interesting to you then dude you must really have a VERY boring life. Sorry about that.



Hahaha, this is classic. I didn't think anyone would actually fall for the old "73322363" trick.

Here: http://reface.me/status-updates/funny-facebook-status-update-profile-link/

It is quite funny. I really did not know about that and wondered why my boring life is interesting to anyone. Smiley
1679  Economy / Currency exchange / Re: FastCash4Bitcoins - over 275,000 BTC purchased - just 2.99% below spot every day on: March 27, 2013, 05:42:31 AM
I'm am so waiting for the day you guys come up with a site where your userbase can buy bitcoins. I've tried to purchase bitcoins today from three places and all three places were unable to process the transaction for whatever reasons. The only reason I didn't use or try to buy them from you was because I am unable to get to a bank to make a deposit.  After trying 3 times and striking out I've given up, I wish there was an easier way. Next time I'll try to plan ahead and just use TC and head to the 'el banko. Smiley



Have you tried localbitcoins.com? No bank needed for this one.

I've tried a lot of places, they are all just too expensive for me. I remember I use to buy bitcoin from tangible and they actually charged LESS then what the current rate was. How things have changed.

I can get around paying a %4 fee, but when the fees start to creep up towards %6 or higher it is just not worth it for me. Localbitcoins want $90/btc....not gonna happen. Too rich for my blood. Smiley

1680  Bitcoin / Hardware / Re: Avalon batch 3 is almost $6000 on: March 27, 2013, 05:39:31 AM
Why do we obtain the "price" of BTC from usd conversion whenever we compare historically, but never the other way round ? Shouldn't it be consistent ? If intrinsic value of BTC has increased, then current price of an object should cost less btc, and vice versa, Don't you think ?

So, it will be consistent if fiat conversion value/price is completely taken out of equation. Oh wait - then how do we measure the value ? Looks like we do not have any :-(
Normally you are right, given that the inflation of the USD is 0 (which it isn't). But mining equipment is a special case, because you have to account for opportunity cost, i.e. the increase in purchasing power of the BTC.

The problem of high inflation, high deflation and the likes is that it blows your mind when trying to plan in microeconomic terms. That's one of the reasons why economies go into recession when the monetary base becomes unstable.

I admit I don't understand the technical aspect behind the economics of this industry and while it considered an experiment people are still putting up thousands of BTC each day. For my stand point since I have to pay my bills in US Dollars and not BTC, I have to compare the BTC value against something that is worth something to me. A dollar. If I could pay my mortgage with btc and my cable bill, electric bill then I could understand more...but since I can't it is hard for me to wrap my head around the high price, which in my mind is 3 mortgage payments. It is so mind boggling! If the cost of it was $3k, I would do it.  I'm just more surprised they went from $1500 to $6000 in one swoop. I guess because of that large increase they are expecting BFL to deliver maybe? IF BFL does delivery, will Avalon even have a 4th batch? If not, then what about warranty and stuff like that? Hardware issues?

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