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Bitcoin nodes surged to 200k

getaddr.bitnodes.io

11–20 of 28 posts

Re: Bitcoin nodes surged to 200k

#11
post #7

People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?

One relatively easy route is to setup a coinbase account, link it to your bank account, and have your coins converted and deposited from there.

Re: Bitcoin nodes surged to 200k

#13
post #7

People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?

localbitcoins.com or bitcoin-otc.com (irc). Buy peer to peer and then sell to your non-technical friends or friends of friends with a 5-10% markup. It is best to not look at it as a "problem" but rather as a entrepreneurial opportunity.

Re: Bitcoin nodes surged to 200k

#14
This is _highly_ misleading. The actual number of nodes that they're measuring is 11,664, which is a sudden increase from a slowly declining level of about 4,400 as of a month ago.

The 196,123 number is a count of the number of distinct IP addresses being rumored between nodes. Most of them are never working garbage sent into the network by confused software, misguided would-be DOS attackers, etc.

Re: Bitcoin nodes surged to 200k

#16
post #8
post #7

People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?

It depends heavily on where you are, which bank you're with, with whom you're a citizen of, and a myriad of other factors. Canadians may have an easier time than Americans, but Britons will be SOL.

> Britons will be SOL

Is it that hard to set up on BitBargain?

Re: Bitcoin nodes surged to 200k

#17
post #7

People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?

If they're in the UK or USA they can contact me and I'm pretty happy to convert. (Shanee753@gmail.com). We can trade face-to-face if you're near the south of the UK. I have a number of good reviews on independent which I can provide. Generally I use the bitcoin-otc chat on freenode which seems pretty good.

Re: Bitcoin nodes surged to 200k

#18
post #7

People keep asking me "What is the best way to convert my bitcoins to cash?"... anyone know a good answer that you know works (first hand)?

I have successfully used localbitcoins.com, using National Bank Transfer. Use their escrow service. Note that you probably do not want to sell to people through paypal (they can easily reverse the transaction), nor to people though other easily reversible payment services.

Re: Bitcoin nodes surged to 200k

#19
post #14

This is _highly_ misleading. The actual number of nodes that they're measuring is 11,664, which is a sudden increase from a slowly declining level of about 4,400 as of a month ago. The 196,123 number is a count of the number of distinct IP addresses being rumored between nodes. Most of them are never working garbage sent into the network by confused software, misguided would-be DOS attackers, etc.

If the actual number is still doubling rapidly from a recent nadir, isn't the implication the same?

Also, for people who don't see this as natural (and I agree that it looks almost mechanical), is this a misguided "51%" attack? (Seems unlikely given that if you have the resources for that, you also probably understand how it works.) Just curious what people see this sudden change as representing.

Re: Bitcoin nodes surged to 200k

#20
post #8

Earlier quoted context omitted.

It depends heavily on where you are, which bank you're with, with whom you're a citizen of, and a myriad of other factors. Canadians may have an easier time than Americans, but Britons will be SOL.

> Britons will be SOL Is it that hard to set up on BitBargain?

It is not smooth at all: https://bitbargain.co.uk/trade-bitcoins-app

Not to mention the 0.4XBT non refundable seller application fee.

For a one-off "I want to cash out" use case this is completely unworkable.

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