gotta wonder why MtGox always has BTC pegged a good $50 more than every other exchange, especially when their service is dismal.
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Kwoody, did you transferred coins or did you exchange them to currency?
The car was purchased purely in BTC. I have not tracked those coins since the transaction. Finding a real estate agent in the USA that will take BTC is proving to be a challenge. As for stores and places like target, you can buy Gift Cards for Target using BTC. It's far from perfect, but at least it's possible to facilitate a transaction at a retail store, essentially using BTC as payment.
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Bitcoin does not simply die in a fire. Bitcoin IS the fire.
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I recently bought a 2010 BMW with Bitcoin, and am currently looking for a real estate agency in Seattle or Denver who would deal strictly in Bitcoin, to the point where I can buy a condo outright with Bitcoin and not have any fiat mortgage to deal with. I intend to spend roughly half of what I've got.
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china wants its citizens to have faith in the US to delivery on the treasury bonds and other US debt instead of falling back on something like bitcoin. maybe china is afraid that a real monetary revolution is going on here, fiat paper currencies are weakening, and the US debt won't matter if the USD is replaced as the global reserve currency "Nooo, we like US treasury bonds, not Bitcoin!"
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so far the mtgox low for the past week was 455 usd. if it doesn't drop below that in the next few days, chances are that's the new floor.
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as much as i'd love to think about a $3k+ BTC this time next year, i don't think it'll happen. china embracing BTC a monthish ago was a huge catalyst for BTC market growth. something of this magnitude needs to spark a chain reaction of adoption in order for a 30x + increase in value to happen again. BTC is attractive because it comes off as being a low cost, GLOBAL payment network. excluding China from a GLOBAL payments system is bad news. when it comes to trading, especially in exports, China is a key player. without China, Bitcoin's "global" payment network seems weaker to the layman. and unfortunately, the layman's perspective is the one that matters when it comes to investing in the marketspace of innovation.
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so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?
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i wonder how pissed the winklevii are. or how pissed the winklevii's investors are. wonder if they've sold yet.
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chip fabs likely have something to do with it. could also be testing the resilience of bitcoin itself. chances are the bankers are just afraid. any number of plausible scenarios, really.
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Unavailable to view in USA. Summary?
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in 1.5 years anybody involved with bitcoin to the point that they're willing to operate as a node, will likely be able to afford vast amounts of space. I spent 0.4 on a 500gb ssd and the current blockchain doesn't even put a dent in it. while conventional hard disks aren't growing very large in size as time goes on (i think largest commercial drive right now is 4 or 5TB?), the size of ssd's are growing rapidly. just a couple years ago ssds were available in pretty much 3 sizes. 32gb/64gb/128gb, now there are 2tb+ ssds. in 6 years, bitcoin will either fail or the only nodes necessary to run will be mining pools, the operators of which have made fortunes by now with the 3%ish they've been taking all these years, along with tx fee bonuses. it's also 6 years to figure out a solution to the issue, such as p2p distribution as others have mentioned.
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lost 225 BTC "purchasing" ASIC hardware that never existed, from a guy named Tom based in the USA no less. he still sells fpgas on btcfpga.com. this happened about a year ago when btc was worth $12
edit: looks like btcfpga.com has changed since last i looked. i hope that dick got what was coming to him.
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I would totally go buy one with BTC if I were 1000km away from nearest location
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How long does it take for MtGox to complete an international wire transfer to the US once "Funds are on their way" and a successful withdraw is initiated? Anybody have recent experience pulling USD out of Gox? Thanks.
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Given the markup on these, I'm more likely to report your website to the department of treasury than I am to make a purchase on your website.
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I'll get you a .iso for BTC0.01
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this is the reference design, yes.
shipping to Germany would be $50 according to UPS International shipping calculator.
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As title says. Card is a "GV-R695D5-2GD-B" model. This card features a dual BIOS. I have flashed the first BIOS with a shader unlock, as was popular to do with the 2GB models of the 6950. The card has been running stable and performing flawlessly for nearly 2 years with this BIOS mod. This is NOT the 6950->6970 mod that increased clock speeds and increased voltage; that mod tended to brick 6950's as the vram got too hot under the new voltage settings. All the BIOS does is unlock the shader cores, from the stock 1408 of the 6950 into the full 1536 of the 6970, but clock speeds and voltage remain at 6950 speeds. Without any voltage modifications this card will pull 405KH/s with scrypt mining, given a bit of overclocking. I will honestly say that I did GPU mining with it from mid-2011 to late-2012, but I can also honestly say that the temperature of the card never exceeded 65C and the fan was never above 75%. The memory clock was turned down to 400mhz and the rig itself was a well-ventilated fullsize tower case. The card runs absolutely flawless, and I have used compressed air on it to blow it relatively clean of dust. It has been sitting on a shelf for about 3 months, as the machine it was used in has been turned into a gaming/nvidia box. The card was powered by an 80+ Bronze TX Series Corsair PSU, which was attached to an APC Battery Backup unit. Asking BTC0.125+shipping, or $120+shipping. Will update BTC price if exchange price goes crazy. Comes with original box and a crossfire cable. I will ship worldwide because buyer pays shipping. Shipping is from East Coast USA. http://www.tweaktown.com/reviews/3788/gigabyte_radeon_hd_6950_2gb_video_card_overclocked/index.html
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Rumors are dangerous, so long as idiots believe them.
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