Buy CO2 with Bitcoins

[kseistrup]

Costs are 20,60 euros (around 80btc) per right plus 10 euros (around 40 btc) transaction costs

Not to be nitpicky, but…

Mt Gox says “{…,"buy":0.24,"sell":0.248,…}” and ECB says EUR/USD: 1.3260.  If we use the average of ‘buy’ and ‘sell’ we have BTC 1 = USD .244, and thus EUR 20.60 = BTC 111.95 and EUR 10 = BTC 54.34.

Btw, the EUR/BTC rate is broadcast here (and here) all weekdays.

Cheers,
Klaus

[BioMike]

@FatherMcGruder, rights are invalidated when bought through the NGO. You can't trade them any more (You would have to setup your own company and trade through that to do that). I also don't know how the price changes over time, but my guesses are not really profitable.

@kseistrup, I counted with 1 euro = 1 dollar and a rate of 1btc = 0.25 cents, due to the fact that bitcoinexchange is off-line and I don't know their conversion rate.

[FatherMcGruder]

rights are invalidated when bought through the NGO. You can't trade them any more (You would have to setup your own company and trade through that to do that).

I have a legal right to resell that ones that I have, but when you purchase from me, they have to be permanently retired.

Therefore, we should think of these carbon rights as indulgences more so than investments. Just wanted to be clear.