31–40 of 151 posts
Wonder how much of that is being spent on the Silk Road?
Or the other vice, SatoshiDice[1]. [1]: http://satoshidice.com/
No, seriously, once a currency gets to the point hookers accept it, it's indisputable that it's real.
Be careful with coinbase When they were trying to raise money as part of the founders club, they broke a few regulations: they originally were supposed to raise their set limit within 8 weeks and when they missed it they extended the time by 2 weeks and when they missed THAT they extended the timeline by 4 more weeks. At the end they only made their target by a last minute injection from may have been an insider. On…
I just realize that my comment came across wrong. I am very interested in Bitcoin - I just want coinbase to come clean before I put my money and trust in them
Any word on when they'll support purchasing from a UK bank account? Most of the other options are a bit more convoluted than the straight-forward system Coinbase seems to use.
That's a good question. I'm waiting for Bitcoin-Central.net to support IBAN accounts before I intend to buy some Bitcoin myself, but it would be nice if Coinbase could do what they did so they can sell Bitcoin in Europe, and also though IBAN accounts.
[1] https://intersango.com/fees.php
[2] https://support.mtgox.com/entries/20490576-Withdrawals-and-D...
I'm curious about the wording. Is "bought or sold $1M" equivalent to saying $500k changed hands?
I think a fair way to read it is that $1M worth of transactions occurred of which Coinbase made some money.
My question, is how can they lock in the price 5 days ago for me. Are they selling me the coins 5 days ago and buying it on the market today? It seems like there would be a lot of risk in doing that.
I think Bit Coin is a fad... it will be replaced. Canada's 'Mint Chip' is catching up quickly and it is a superior product/currency.
Bitcoin shows us some cool stuff, but it's not sufficient for real-world everyday use. It will be an ancestor to a truly disruptive online currency imo. The network has too many fundamental inaccessibilities to make it plausible outside the elite nerd and/or money laundering sector.
I think Bit Coin is a fad... it will be replaced. Canada's 'Mint Chip' is catching up quickly and it is a superior product/currency.
So I just bought 2 bitcoins on Coinbase (my first purchase congrats to me!) but it's been pending for 5 days and says it will clear today. My question, is how can they lock in the price 5 days ago for me. Are they selling me the coins 5 days ago and buying it on the market today? It seems like there would be a lot of risk in doing that.
Wonder how much of that is being spent on the Silk Road?
Or the other vice, SatoshiDice[1]. [1]: http://satoshidice.com/
I'm no economist but this is how I see a fiat currency like bitcoin deriving value. Even if no one used bitcoin for a currency, there would be some people who would be interested in buying some just for the novelty of it. That alone gives it a non-zero value. From there, if it has the properties of being a useful medium of exchange, people will use it as such. Over time, the value grows as the amount of "float" (value exchanged into it) grows.
So I just bought 2 bitcoins on Coinbase (my first purchase congrats to me!) but it's been pending for 5 days and says it will clear today. My question, is how can they lock in the price 5 days ago for me. Are they selling me the coins 5 days ago and buying it on the market today? It seems like there would be a lot of risk in doing that.