Why not put that free time into a second job and put the earnings solely into Bitcoin? You will probably make more that way than with any other method.
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Another great business idea it to start an insurance pool to insure btc transactions, I would like to see the indvidual sellers contribute to the fund and then create a claims process. I have no idea how to make that run in a decentralized way, but in my view if the problem with individuals selling to one another is the problem then the way to fix it is to insure the transactions.
why don't you set up a competitor to localbitcoins? i don't know anything about them but they seem to be one of a kind. i would think there'd be room in the market. Yeah, similar network idea, but via PayPal, not cash... As a web-developer and entrepreneur, that's something I could be interested in being involved with. Fully vet the individual exchangers, and maybe set up an insurance system whereby they pay you a small fee in exchange for insurance as well as the exposure through your network. No idea how to price that; would obviously require an understanding of fraud rates and so forth to price properly... But I really like the idea of a network of *verified* exchangers using PayPal. As noted, they'd need to be vetted *well*, and would have to agree to the business model you set forth (which minimizes fraud-risk via various checks, etc). If it can be structured in such that they get some insurance out of it, and you get the stability of premiums (and can use the float to offset some currency risk), it could be pretty nice. What about skipping Paypal and just using a credit card processor? Cant skip paypal I sell btc on ebay for pp. I dont want to stop because I get good margins although much higher risk to sell though ebay, I do also take a debit and credit through google checkout for my verified customers. They have to upload a copy of their drivers licence and fill out a form saying they wont charge back and then sign it with docusign. It is a little more work for me to take debit card. I also heard they where going to start charging higher prices for cc fees. It would be nice if somebody could create an exchange where people can get money in through a credit card processor, using models similar to those discussed here to minimize the risk of chargeback. Somebody was floating the idea of doing this with paypal, but I think the idea is even better if paypal can be skipped altogether.
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I know you aren't Murry rothbard? reincarnated?
Lol, I wish. No relation.
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I deleted my Coinbase posts on other threads.
So far my coinbase experience has been positive overall. The first issue I have had was this order that I thought was canceled, and that appears to have been a mistake. The unconfirmed transaction issues last week and the zero balance issues were minor annoyances; I'm sure they would've been worse for me if I were more dependent on coinbase at this point. But in my opinion they were resolved acceptably, and I'll bet if Coinbase hadn't been so busy with those last week, support would've told me my order was still active and told me how to view it.
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I stand corrected.
I think I've been making a mistake this whole time. If so, I apologize to coinbase.
My bitcoin purchase is not visible under "Transactions," which is why I have been convinced my purchase was canceled. But it is visible under Buy/Sell bitcoin -> Transfer History. It is there, and it is correct, and I have nothing to complain about other than possibly the fact that the user interface is a bit confusing.
My apologies to Coinbase. They have had an extremely rough week and been under a ton of pressure, and here I am clogging up their pipes with a clueless newbie issue, and worse, damaging their reputation. I will continue to use Coinbase in the future, and will continue to recommend them and I look forward to watching them grow.
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I got another reply from Coinbase. This time they resolved the zeroed out balance. But my 1.0 BTC purchase from last Wednesday is still gone without a trace, and there was nothing in the Coinbase response that addressed or even acknowledged it.
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I noticed that bitinstant no longer shows an option to send coins via Coinapult or directly to a bitcoin address.
It sounds like everybody is running out of bitcoins everywhere.
Nope; I was wrong. According to Yankee, they were under attack for awhile and removed the option during that time.
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I noticed that bitinstant no longer shows an option to send coins via Coinapult or directly to a bitcoin address.
It sounds like everybody is running out of bitcoins everywhere.
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I've received a response from coinbase, but it seems to be a form response about the unconfirmed transaction issue they had last week. I'm aware of that issue; in fact, I explained it to several people here. I thought it was very interesting and was only slightly inconvenienced. But my issue is separate, I believe: I bought 1.0 BTC from Coinbase, and my purchase has disappeared with no notice. Now I have an additional issue: the rest of my coinbase balance has zeroed out for no reason.
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I've seen a couple of comments that coinbase is "out of coins," like over on this thread: https://bitcointalk.org/index.php?topic=144189.0;allHas anyone seen this from some official source? Is that the reason why my order was canceled? Would like to hear something official from coinbase.
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Wednesday I purchased 1.0 BTC from Coinbase (at the beginning of the downturn, for about $24.50). Thursday, this transaction showed as pending with an ETA of next Wednesday. But yesterday, the transaction had completely disappeared, without a trace. There is no record of my purchase in Coinbase any more. I did not receive any notification of my transaction being canceled or of my transaction being deemed "at risk."
I have contacted coinbase support, PMed Brian Armstrong on this site, and also tried to contact Coinbase through twitter. So far I've received no response at all.
I would like to know what happened and whether or not I'll be able to continue purchasing through Coinbase in the future. I'd like to get some closure on this and get going getting my 1.0 BTC somewhere else, or get my transaction to come back into existence preferably with the same original ETA. I'd like to hear something.
Resolved, see below (clueless user / awkward interface)
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I like 'coin, but it'll probably never catch on. Any of the above might be permissible if you'd fix the problem "alot" in your poll and say "a lot" instead. That's going to grate on me all night long!
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"Alot" isn't a word in English so I didn't pick that option Word.
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Will you please consider supporting TRC and PPC on the site? While it won't earn everyones trust back, it will certainly help for some to see a more fair support of other alt-Coins as well.
I'd like to see TRC and other altcoins as well!
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Mostly bitparking, which is my favorite so far.
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where does my Bitcoin client download the public keys of others?
Keep in mind that the bitcoin client doesn't know the public key of others until there is a transaction with a payment to from that address. FTFY Huh? You can't send a payment to an address without the bitcoin network then becoming aware of that address the payment is sent to. As soon as that transaction is broadcast then each node becomes aware of the address if it hadn't known of it previously. That's true, but an address is not a public key. An address is an irreversable hash of a public key. You can't turn an address into the corresponding public key. The public key is only disclosed when a transaction spends from that address. (I think I have this right, but someone correct me if I'm wrong.) Because an address is a hash of a public key, you can think of them as the same thing for the purpose of simplification and understanding. But technically they are different.
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Thanks, Brian. Made for some excitement. We don't have enough of that around here.
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blockchain.info now shows these transactions with 23 confirmations, but coinbase still shows them with 0.
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How can I do that? I use Bitcoin-Qt and Electrum and would be nice to move my little coins without pay more money than I have I have to say I don't actually know. I'm fine with paying the fees. If it's not a feature you can set in the menus, you can recompile the client to just not include fees. The point is that the protocol, in and of itself, doesn't require fees. The catch is that individual miners may require fees. I think there has been talk of making the fees more relative in the future, such that the client would observe how long it takes transactions to get included in a block based on fee, and suggest something appropriate relative to how quickly you want your transaction included.
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