bitcoincostarica (OP)
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Activity: 10
Merit: 0
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January 09, 2014, 08:26:23 PM |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Buffer Overflow
Legendary
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Activity: 1652
Merit: 1015
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January 09, 2014, 08:51:44 PM |
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So tell me again doomsters, you can't actually spend Bitcoin on anything? Just listen to the silence.  |
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neilcoleman78
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Activity: 34
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January 09, 2014, 09:05:08 PM |
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This was much needed.. Now just sit and wait as other merchants follow..
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quone17
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January 09, 2014, 09:15:32 PM |
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I am actually excited about this. I would think other retailers will wait and see how Overstock does. How will Overstock convert it into fiat though? I thought exchanges needed to be regulated and there weren't any in US?
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Henark
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January 09, 2014, 09:20:43 PM |
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Now it's time to ask for Shipito.com for the Bitcoin acception! |
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bitcoincostarica (OP)
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Activity: 10
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January 09, 2014, 09:23:14 PM |
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I am actually excited about this. I would think other retailers will wait and see how Overstock does. How will Overstock convert it into fiat though? I thought exchanges needed to be regulated and there weren't any in US?
Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how. Cheers |
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Carlton Banks
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Activity: 3430
Merit: 3071
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January 09, 2014, 09:36:57 PM |
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Overstock.com sell cars. A wide selection, from what I'm seeing.
Big news.
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Vires in numeris
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giszmo
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Activity: 1862
Merit: 1105
WalletScrutiny.com
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January 09, 2014, 10:36:10 PM |
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Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.
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| ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology)
WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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Akka
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Activity: 1232
Merit: 1001
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January 09, 2014, 10:37:06 PM |
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Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.
Bitcoin Payment option is US only  (at least that's the issue for me) |
All previous versions of currency will no longer be supported as of this update
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 09, 2014, 11:19:49 PM |
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great news. i would love to buy something but i guess from europe its impossible?
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bobdude17
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January 09, 2014, 11:20:42 PM |
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Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.
Bitcoin Payment option is US only (at least that's the issue for me) |
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 09, 2014, 11:29:59 PM |
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Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.
Bitcoin Payment option is US only (at least that's the issue for me) thx |
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bitcoincostarica (OP)
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Activity: 10
Merit: 0
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January 09, 2014, 11:48:02 PM |
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Is it me or has the market been pretty calm after this announcement. What do you guys think? I wonder if thats it!  |
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btbrae
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January 10, 2014, 06:58:14 AM |
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No Bitcoin option in the UK...
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ti3go
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Activity: 10
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January 10, 2014, 08:25:18 AM |
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It's now time to spend some bitcoins to show them that was a good idea |
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kjlimo
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Activity: 2086
Merit: 1031
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January 10, 2014, 03:10:56 PM |
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I am actually excited about this. I would think other retailers will wait and see how Overstock does. How will Overstock convert it into fiat though? I thought exchanges needed to be regulated and there weren't any in US?
Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how. Cheers Yep, this will certainly hurt Bitpay a smudge, but I'm guessing it'll ultimately help more than hurt. |
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Mowcore
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January 10, 2014, 03:51:52 PM |
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"I'm a big fan of Bitcoin … Regulation of money supply needs to be depoliticized. "
-Al Gore, Former US Vice President and
Winner of Nobel Peace Prize I have nothing against this, none what so ever...just.. doesn't Al Gore have an issue about Co2 and ye ol' climate? lol. |
✰Humble Weekly Bundle.✰Pay What You Want. Redeem on Steam. Support charity. Pay with BTCitcoin now!✰--> Paypal 
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kjlimo
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Activity: 2086
Merit: 1031
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January 10, 2014, 04:24:46 PM |
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Is it me or has the market been pretty calm after this announcement. What do you guys think? I wonder if thats it! I think there's a fair bit of growth built into the market if you're talking about the price of bitcoin... So I wouldn't expect a pop after this. We'll see if there's a sell off, but I'd assume the market has been expecting this for a while. I think the next mark will be when Overtsock releases how much it has improved their bottom line, perhaps on their earnings call. |
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bitbouillion
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January 10, 2014, 05:56:51 PM |
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Yep, this will certainly hurt Bitpay a smudge, but I'm guessing it'll ultimately help more than hurt. Competition is good, and isn't that a motto of Bitcoiners? |
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