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Steve (OP)
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February 12, 2011, 10:43:47 PM
 #1
There seem to be a lot of options for converting USD to BTC and vice versa...I'm a bit overwhelmed by those options.  What is the most cost effective (and trusted) mechanism to convert USD into BTC?  (I could do it from a US bank account or a credit card)
(gasteve on IRC) Does your website accept cash? https://bitpay.com
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Garrett Burgwardt
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February 12, 2011, 10:58:23 PM
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If you log onto the #Bitcoin-otc channel on freenode, lots of people trade there and there are ratings for all users. I'd highly recommend it.
Drifter
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February 12, 2011, 11:00:41 PM
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I'd say cash in mail is the cheapest option.
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Anonymous
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February 12, 2011, 11:32:41 PM
 #4
Quote from: TheKid on February 12, 2011, 10:58:23 PM
If you log onto the #Bitcoin-otc channel on freenode, lots of people trade there and there are ratings for all users. I'd highly recommend it.
Seconded.
Anonymous
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February 13, 2011, 12:05:11 AM
 #5
Quote from: Atlas on February 12, 2011, 11:32:41 PM
Quote from: TheKid on February 12, 2011, 10:58:23 PM
If you log onto the #Bitcoin-otc channel on freenode, lots of people trade there and there are ratings for all users. I'd highly recommend it.
Seconded.

Thirded  (is that a word ?)
nanaimogold
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February 14, 2011, 02:02:42 AM
 #6
Cash deposit to USA bank account.
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