TippingPoint (OP)
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May 21, 2013, 02:35:04 AM
Last edit: May 21, 2013, 04:30:46 AM by TippingPoint |
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I received about $1200 USD worth of Bitcoins while engaged in internet commerce. I needed some cash to pay a bulldozer operator. I had never purchased any Bitcoins, so I did not have an online account to cash them out. So I looked around for some options. I found some local Bitcoin dealers on Craigslist http://www.craigslist.org/about/sites , and then noticed some of the same ones on LocalBitcoins.com https://localbitcoins.com/I ended up contacting a dealer who was only about two miles away from me. He sounded knowledgeable, confident, and was not "tricky" or evasive. We arranged to meet in a "safe location" that had security cams and free WiFi. I transferred my Bitcoins to an Electrum wallet on my laptop, and drove to meet him. We met. I booted up my laptop, I connected to the WiFi, I showed him the Electrum balance, he counted out the hundred dollar bills on the table (which I politely did not touch), he emailed me his Bitcoin wallet address, I transferred the Bitcoins to his wallet while he was monitoring the block chain, and I picked up the money and left. I had arrived in the future. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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happybolla
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May 21, 2013, 02:37:34 AM |
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Thank for share
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Panth
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May 21, 2013, 03:01:00 AM |
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Thanks for sharing your story. I've traded on Localbitcoins several times and loved it, the built in escrow was great as well as the SMS code integration.
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s40ward
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May 21, 2013, 03:49:02 AM |
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That's awesome!  |
"The time you enjoy wasting is not wasted time." -Bertrand Russell
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freedomno1
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Learning the troll avoidance button :)
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May 21, 2013, 03:50:22 AM |
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That is a tipping point thanks for your share
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Believing in Bitcoins and it's ability to change the world
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carbocation
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May 21, 2013, 04:34:22 AM |
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Somehow the fact that you needed to pay a bulldozer operator makes this story more interesting. It's like the old school meeting the new school in a good way.
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DannyHamilton
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May 21, 2013, 05:04:11 AM |
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I received about $1200 USD worth of Bitcoins while engaged in internet commerce. I needed some cash to pay a bulldozer operator.
What a shame you couldn't convince the bulldozer operator to accept payment in bitcoins. I assume you at least asked? It would be a true shame if he was willing to accept bitcoins, but neither of you thought to mention the possibility to the other. |
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FinShaggy
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Google/YouTube
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May 21, 2013, 08:09:59 AM |
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Glad to hear everything went well  |
If everyone is thinking outside the box, there is a new box.
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qwerty1231121
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May 21, 2013, 08:22:54 AM |
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That's great, hope that WDC will eventually allow the cryptocoins to arrive before he stopped counting the $$. That way the poor guy would not have to wait for the blocks to confirm (takes an hour sometimes).
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maz
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May 21, 2013, 08:23:05 AM |
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The future eh? hmm I imagine a bitcoin watch or even a ring that lets you transfer funds by a handshake! lets get this simpler!
thanks for the experience.
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FinShaggy
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May 21, 2013, 08:39:23 AM |
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The future eh? hmm I imagine a bitcoin watch or even a ring that lets you transfer funds by a handshake! lets get this simpler!
thanks for the experience.
That's a pretty cool idea... First we need gamboy type trading cables that connect 2 USBs and a screen. |
If everyone is thinking outside the box, there is a new box.
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Dexter44
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May 21, 2013, 08:45:44 AM |
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Never sell bitcoin online
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CoinCpu
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May 21, 2013, 08:50:00 AM |
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Thanks for share, very helpful
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caveden
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May 21, 2013, 08:54:01 AM |
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I received about $1200 USD worth of Bitcoins while engaged in internet commerce. I needed some cash to pay a bulldozer operator.
...
I had arrived in the future.
Not yet. You'll be there the day the bulldozer operator gladly accepts your bitcoins.  |
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madkind
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May 21, 2013, 09:08:05 AM |
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I wish I could do the same in my country.
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valdepretium
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May 21, 2013, 09:25:02 AM |
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Nice writeup, seemed to go smooth. How did you decide the exchange rate? Did you agree to a price before, or during the actual sale? Also, which exchange rate did you use? Mt.Gox? How many confirmations on the blockchain did he wait before he was satisfied? Hand-to-hands are the way to do it... (just ask Stringer Bell) |
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Coin4me
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May 21, 2013, 10:14:05 AM |
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Nice post
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naphto
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May 21, 2013, 10:26:45 AM |
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he counted out the hundred dollar bills on the table (which I politely did not touch)
lol'ed |
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ghibly79
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Crypto entrepreneur and consultant
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May 21, 2013, 10:30:13 AM |
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Definetly another trade option to explore, thx.
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jamiecon
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May 21, 2013, 10:45:01 AM |
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That's great, hope that WDC will eventually allow the cryptocoins to arrive before he stopped counting the $$. That way the poor guy would not have to wait for the blocks to confirm (takes an hour sometimes).
Sounds like the perfect opportunity for a cup of tea and a chat! |
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