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MtGox launches Bitcoins.com, an information site for all things Bitcoin

bitcoins.com

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Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#51

Post by jonknee »

alexro wrote: post #30
lingben wrote: post #23

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…

How about having your funds sliced by sort of Cyprus scenario? How about getting ill for half a year and finding out that the inflation has eaten most of your savings away?

I'll take my chances on a major currency (Euro/USD/GBP) over BTC in terms of volatility any day. You could find out that your BTC savings have become nearly worthless in six months. Or if you are unlucky enough to have a debt in BTC you could find out your debt has skyrocketed because of more BTC speculation (imagine you had a 1000BTC loan back when it was $10 a coin).

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#52

Post by theboywho »

Aardwolf wrote: post #32

How 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…

>> How to actually get bitcoins?

There are lot of services that allow you to buy Bitcoin and people have already listed a few, but here's another option:

Start charging for Bitcoin. It's funny how few people think about this.

"How to get USD?" You do some work that another person is willing to give you USD for.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#53

Post by canistr »

The idea of using Bitcoin at this point in time to physically purchase goods and services is ridiculous given the speed of speculation. Hypothetically, why should I pay someone 0.5 BTC at $1000/BTC if in a couple of days I know it's going to rise to $1000+/BTC? Obviously the seller is betting on their value going up, but at this point, there's no reason to do anything except hold onto your BTC until the market actually stabilizes or even crashes.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#54

Post by wellboy »

Aardwolf wrote: post #32

How 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…

www.virwox.com and you can get up to $390/day through credit card or paypal instantly.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#55

Post by oleganza »

jonknee wrote: post #47
oleganza wrote: post #37

Earlier quoted context omitted.

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…

Have you not heard of cash? It's probably the easiest way to get BTC as well.

It's also riskier and a lot more expensive. Bitcoin holders are scattered across the globe. Finding a seller nearby is hard.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#56

Post by oleganza »

sehrope wrote: post #49
oleganza wrote: post #3

They 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…

> Blockchain.info is a great service, but only when you enable 2-factor authentication (otherwise your encrypted wallet can be bruteforced offline) and make sure you get backups by email. 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…

In case of Blockchain.info, wallet decryption happens in browser. The server sends you an encrypted wallet if you know user ID and provide 2-FA code. Without the code, anyone who knows your user ID will get the encrypted wallet and bruteforce it offline. With 2-FA they'd have to hack into your email or phone to get the code or hack into your email or computer to get your encrypted backup.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#57

Post by giarc »

canistr wrote: post #53

The idea of using Bitcoin at this point in time to physically purchase goods and services is ridiculous given the speed of speculation. Hypothetically, why should I pay someone 0.5 BTC at $1000/BTC if in a couple of days I know it's going to rise to $1000+/BTC? Obviously the seller is betting on their value going up, but at this point, there's no reason to do anything except hold onto your BTC until the market actual…

In 2010 a guy paid 10,000 BTC for 2 pizza's, probably roughly equivalent to $40.

10,000 BTC today = $10.5 million USD.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#58

Post by salient »

pilker09 wrote: post #33
Aardwolf wrote: post #32

How 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…

> 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.

What about Paypal? It seems to me they could really advantage of this by becoming the defacto way people use to buy Bitcoins (or at least one of the most popular methods). It's too bad they are so shortsighted about it, and only see Bitcoin as a threat.

Yes, Bitcoin is a threat, for the whole financial system for that matter, but it's much more of a threat for those who don't adopt it than for those who do. At least if Paypal adopted it, they could remain relevant in the future, and people would still use them.

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#59

Post by simonebrunozzi »

taigeair wrote: post #46
Aardwolf wrote: post #32

How 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…

I was the same. I tried to use BTC-e, Canadian one, and coinbase. None worked and took too long. So... I got a forex account and bought a position on BTC. It's the fastest way in. 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...

Interesting. Can you send me more info?

Re: MtGox launches Bitcoins.com, an information site for all things Bitcoin

#60

Post by obi-nine »

oleganza wrote: post #55
jonknee wrote: post #47

Earlier quoted context omitted.

Have you not heard of cash? It's probably the easiest way to get BTC as well.

It's also riskier and a lot more expensive. Bitcoin holders are scattered across the globe. Finding a seller nearby is hard.

Try http://localbitcoins.com
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