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21  Other / Beginners & Help / Re: Introduce yourself :) on: July 12, 2012, 02:44:43 PM
hello. i am mentalove. nice to meet you
22  Other / Beginners & Help / Re: BTC -> Gold Bars or BTC -> USD? on: July 12, 2012, 02:38:56 PM
Coinabul.com seems to be the most popular bullion vendor for BTC.

they charge way over spot
23  Other / Beginners & Help / Re: MtGox, are people still having issues with their withdrawals? on: July 12, 2012, 02:23:17 PM
Presumably, there's lots of people who have no problems.

Presumably, there's enough money in their bank to cover all depositors.

Presumably, Bernie Madoff had all his investors' money tucked away just waiting for them to withdraw it all.

Presumably doesn't mean anything is true, at best it means you hope it's true.

MtGox persistently refuses to undergo an audit and refuses to prove to anybody that they have any or all depositor money... not even just for the BTC alone, where doing so would be as simple as using the "sign message with private key" feature.

I operate a brick-and-mortar small business in the payroll industry where bringing in an auditor annually is just a routine part of doing business and is expected by many of my clients, and all of the larger ones.  It's really not a big deal, the auditor's job is to provide an independent written opinion that what you say you do is what you do, and his fee is less than the cost of 1 month of office rent.  Getting audited is about as simple as paying the fee, having the auditor come out, show him whatever he wants to see (he gives a list in advance before even coming), and then sign off on his report.

I have been prodding MtGox to get an audit since May of 2011.  Them getting an audit is a 110% reasonable expectation, yet they don't even pretend they'll consider it - they immediately start coughing up reasons why they "can't".  The fact that MtGox offers excuses, excuses, excuses, and more excuses at the prospect of such an audit and won't prove any BTC ownership either, is everything I need to know to AVOID doing business there.

Thanks for this info casascius. I assume you would recommend www.bitinstan[Suspicious link removed]m instead ?
ps. i ordered a physical bitcoin from your site and i cant wait for it to arrive. They look really cool in the pictures Smiley
24  Other / Off-topic / Re: Let's Count to 21 Million with Images on: July 12, 2012, 02:16:00 PM
25  Other / Beginners & Help / Re: Hey, this is a scam right? on: July 12, 2012, 02:11:22 PM
Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

troll ?
Bitcoins do not require new investors to work. It should be entirely stable on it's own. The magic ingredient is confidence, as will all non backed currencies. Bitcoin is a powerful idea many people are interested in.
26  Other / Beginners & Help / Re: Turning BTC into cash. on: July 12, 2012, 02:07:49 PM
How about FastCash4Bitcoins ?

Step 1) Create a sales order.
Step 2) Send your bitcoins to the unique single use deposit address provided.
Step 3) Get cash.
Step 4) I lied there is no step 4.

You lock in a price BEFORE depositing the coins.  No exchanges; no excuses; just fast payouts!

If you want to create an order to test it out.  Any unfunded orders simply expire after 15 minutes so there is no obligation.



this site looks good, thanks you Smiley
27  Other / Beginners & Help / Re: Newbie restrictions on: July 12, 2012, 02:03:56 PM
I spent over an hour trying to figure out why i couldn't post  Sad
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