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

Post by canistr » Thu, Nov 28, 2013, 4:18 PM UTC

user24 wrote: post #65

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…

This question comes up frequently. The best thing to do if you want to buy something for $500, is buy $500 in bitcoin and then pay with bitcoin. This way your 'stash' isn't eroded and you contribute to the bitcoin economy.

Post by yapcguy » Thu, Nov 28, 2013, 4:28 PM UTC

bernatfp wrote: post #35

I wonder how Mt. Gox dares to spend their time creating this (which is nice by the way) instead of solving their withdrawal issues and finishing their new trading engine integration, which is pissing off many of their customers. The only reasonable explanation is that they have given up on decreasing their churn rate and instead they are focusing on acquiring newbies into their platform. Actually this is kind of sad.…

    Introduction of the MtGox OTP Card
    Increased limit for SEPA withdrawals from Poland
    A modified trading interface
    Trade with no fees from Bitcoin Black Friday through Cyber Monday

Post by salient » Thu, Nov 28, 2013, 4:33 PM UTC

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...

Post by sehrope » Thu, Nov 28, 2013, 4:37 PM UTC

oleganza wrote: post #56

sehrope wrote: post #49

Earlier quoted context omitted.

> 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.

Post by devcpp » Thu, Nov 28, 2013, 4:42 PM UTC

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…