If Argentina is Cyprus 2.0 that'll make Portugal = Cyprus 3.0. Then the fiat downfall of Spain -> EU -> (nearly everywhere else) -> USA.

Yeah looks really, really sweet. I also dig that exhaust port...I can only imagine how hot those things will get. TBH though, I wonder how many people will actually be placing those miners in data centers due to the 2000W+ power draw

If you are in the USA I will accept your offer. PM me for the address to send the coins to.

I have 1 for sell. Asking 0.2BTC

Selling 3 fury miners with their power supplies. Taking offers in Bitcoins only. Free shipping to the USA, you pay shipping for international buys.

Current price is 0.06BTC per 1.3Mh/s Fury, shipped to the USA.

So if bitfinex forces them to sell, what this means that if the price hits $540 we will then have a crash? How much volume of BTC would be force-sold at this level? Thanks for the help understanding this guys

Can someone explain this sentence to the non-finance literate?

"Conclusion if we break below $550 I expect the market to get VERY fast with cascading margin calls on bfx. Admittedly we might need some FUD to get there but those price levels are at least in sight "

Is that article behind a paywall? I actually didn't know WSJ did that...

Or one could argue that buying oil with "massively inflated usd" is actually better than using your "forever increasing value of a deflationary bitcoin". Bitcoin needs to be able to be used for purchases (which it now can at a small selection of major retailers), but to become a true economy we need suppliers to accept it and for retailers to offer it to their employees as their bonus or percentage of their income (props to overstock on this part).

Create the entire market loop and bitcoin adoption will be unbelievably rapid.

Well I'm not sure what country you live in but if your looking to buy bitcoins you can use coinbase.com and if you add a credit card to file you can instant buy bitcoins and they are immediately added to your account for spending. If you're from Europe or other countries you could also wire money to bitstamp and buy bitcoins off the exchange there.

As far as you selling a product which requires the person to pay their cash, which then gets converted to bitcoin and then gets sent to you, all in 1 transaction...that does not exist, nor will it ever probably exist due to digital fiat transfers being reversible while bitcoins are not (no exchanger would want to take the risk and lose all that money).

Your best bet is to offer a discount for bitcoin purchases and then let the customers buy the bitcoins on their own and then send them to you for your good/service.

Did you buy anything with bitcoin from a website that required your contact information? This could include mining hardware, bitmit (old) or other cryptocurrency auction websites, or any other source? Do you use your same forum name here as you do on other forums or online services that may have your contact info?

I completely agree that grocery stores would be great. It makes bitcoin spendable in a market that we all need to use in order to survive...food. I rarely spend bitcoins, but if my grocery store accepted Bitcoins I would definitely use them (and buy more to replenish supply of course), especially if they offered a discount since they would save money by not having to pay credit processor fees and reduced fraud risk.

I also think that the biggest and most impactful "market" would be suppliers, if the people that supply the physical stores accepted bitcoins, then the stores could accept bitcoins, keep a large percentage of the bitcoins as actual bitcoins (instead of instantly converting it to cash) and then pay their suppliers in bitcoin. Their suppliers can then pay their workers in bitcoin, the workers can then use their bitcoin in stores and the "wheels go round and round" creating a full bitcoin economy.

Don't get me wrong, I like the idea of having an offline PC/laptop for cold storage. Or even USB's inside of a safe etc. But I don't see this mitigating against disasters such as fires, floods, earthquakes, tornadoes and so on. Backups would have to be stored in multiple locations (in case of natural disasters it couldn't be a safety deposit box in the surrounding cities because they would be destroyed too). And having cold storage in large objects makes them very non-portable.

I do like the idea of the Trezor, question is if people will find security flaws or exploits in the upcoming few months (and will they public publish them?).
I don't like pure paper wallets, just due to paper being so vulnerable to disasters, water, condensation, fading of ink, decay, fire etc. But I do think they could be used as short term cold storage.

I could actually see a country starting its own centralized version of a true cryptocurrency, if for nothing else but to be able to track everyone's spending. Force people to use only 1 public address and then you can monitor all money movements, find out who the organized crime is and their partners, find "terrorists" etc etc.

I'm definitely not in favor of this, but I can imagine it occurring. Hopefully they will all dump it ASAP for Bitcoins, but IDK who'd buy that crap.

With a system like the blockchain where it is essentially a large public ledger, if you get rid of the anonymity of the addresses, it becomes the ledger from hell. Allowing anyone to know exactly where you spend every dime, how often, on what dates and your total net wealth. That's simply....to much.

Dark and mysterious. I personally like it, but the public may not....then again the public doesn't like a lot of things.

Box do these vendors keep any of the BTC or do they convert 100% of it to cash with Bitpay? What would you say the average sale amount in Bitcoin was for? You mentioned food (which is cheap) to art (could be expensive?). And did vendors wait for 1 confirmation or did they accept the transaction with 0 confirmations? (I'm not familiar with the GUI of bitpay)

What's entertaining is that the phone is called an "M-Horse", sounds like a new age Trojan Horse, or better yet a Mycelium-Horse

If there is any spyware and you lose some BTC, this phone shall be forever known as the digital age's "Trojan Horse".

Something tells me that the phone numbers were collected in some other manner and the scam artists are just hoping that people have blockchain wallets without 2FA.

Honestly I think comparing fiat to the amount of btc desired is a fair way of stating how much purchasing power of bitcoin you want during a point in time (now) where the purchasing power of bitcoin fluctuates.