Under "protection": "The nature of Bitcoin means that, compared to credit cards or other financial tools, your identity is safer from theft. Your level of privacy is up to you, and in the online world privacy and protection are an asset." This is hilarious. Right now basically every week we have news of millions of dollars worth of bitcoins being stolen from sites. In contrast, with a credit card every client has ful…
MtGox launches Bitcoins.com, an information site for all things Bitcoin
41–50 of 119 posts
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#42Earlier quoted context omitted.
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#43Earlier quoted context omitted.
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#44Earlier quoted context omitted.
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#45Earlier quoted context omitted.
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
In Canada, http://cavirtex.com or https://vaultofsatoshi.com/
If you are in Europe, http://bitcoin.de , http://bitcoin-central.net , https://www.bitstamp.net/
If you are anywhere, check out your local Bitcoin meetup group.
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#46How to actually get bitcoins? I mean, seriously, I tried, but all my attempts were futile. Why can't I just use a credit card or similar and buy bitcoints? Back when they were $100, I really wanted to buy a bitcoin, spent half a day on it, but didn't manage to. I gave up everytime I needed to do something strange involving permissions with my bank. Is there an easier way to get them? I live in Europe by the way. Than…
Let me know if you want a referral.
Also it's more liquid than buying actual BTC and then selling them I think. Just be careful about using leverage.
I left finance in 2009. I never thought I'd get back into trading...
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#47How to actually get bitcoins? I mean, seriously, I tried, but all my attempts were futile. Why can't I just use a credit card or similar and buy bitcoints? Back when they were $100, I really wanted to buy a bitcoin, spent half a day on it, but didn't manage to. I gave up everytime I needed to do something strange involving permissions with my bank. Is there an easier way to get them? I live in Europe by the way. Than…
Its hard because it's easy to own and secure Bitcoins, but impossible to own money in USD, bank accounts or paypal. It's all a huge network of promises based on debt. When you transfer bitcoin, you really transfer ownership forever. When you transfer digital dollar, you just rely on a bunch of intermediate agreements to hold true unless judge decides another way. Paypal payments are reversible, CC payments too. Even…
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#48How to actually get bitcoins? I mean, seriously, I tried, but all my attempts were futile. Why can't I just use a credit card or similar and buy bitcoints? Back when they were $100, I really wanted to buy a bitcoin, spent half a day on it, but didn't manage to. I gave up everytime I needed to do something strange involving permissions with my bank. Is there an easier way to get them? I live in Europe by the way. Than…
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#49They do not emphasize wallet security issues enough. Before buying any serious amount of BTC user must ensure: 1. Software that he uses actually encrypts wallets (BitcoinQT by default does not!). 2. His wallet is backed up in 3 places. 3. Backups actually work and he tried them. 4. His computer is not infested with malware. 5. He has multiple wallets and money is spread across all of them. So that if he one days make…
2-factor auth does not and cannot protect against offline bruteforcing, quite the contrary, it's only relevant for online authentication with a service provider.
In your example it would be for authenticating with blockchain.info so they could perform an action on your behalf. Assuming they use your actual password as a master key to unlock a wallet they store on your behalf, the 2-factor piece is just extra security they are providing for actions performed through their site. 2-factor auth does nothing to prevent someone from trying to brute force the private key or pass phrase for your wallet.
I'm all for using 2-factor auth (I personally have it enabled on every site/service that supports it) but it's only for securing online access to an external service.
Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin
#50Earlier quoted context omitted.
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?