Buy Newegg gear using Bitcoin • Hacker News Board

Re: Buy Newegg gear using Bitcoin

#71

Post by joev » Fri, Jun 10, 2011, 2:53 PM UTC

jrockway wrote: post #44

trotsky wrote: post #24

Say I'm in the US, but I have an overseas website hosting a browser exploit kit that pushes a trojan to non NATO type countries that steals their bitcoin wallet and mails it to me. I then spend those bitcoins with a US service like this and get a US company to ship goods to a US address. Let's even say the US service knows I'm shady but doesn't care as long as my bitcoins show. Who of any of us are breaking laws? My…

I have trouble believing that you'd get very far calling up the FBI to report that someone hit you on the head with a hammer for the purpose of stealing the $100 cash in your wallet. Basically, petty crimes are not important. Especially to the FBI. Whether Bitcoin or USD, they don't care. (Relevant internet meme: honey badger.)

They apparently care about a missing hockey puck.

"[The] FBI's Regional Crimes Task Force in Chicago reviewed the Chicago police sergeant's video and determined with "100-percent certainty" that Miller picked up the puck."

http://sports.espn.go.com/chicago/nhl/news/story?id=6452071

Re: Buy Newegg gear using Bitcoin

#72

Post by OPAS » Fri, Jun 10, 2011, 4:24 PM UTC

simplestuff wrote: post #13

ineedtosleep wrote: post #3

Considering how much people are charging in BTC for goods and services currently and the difficulty of earning BTC, I'd rather spend real currency. Note that I didn't check the Newegg BTC prices. I'm only applying what I've seen so far and expecting nothing different from bitspend/Newegg.

This is perfect for me as someone who does not live in the US. I live in Peru, don't have access to real electronics, cannot order from newegg without a US credit card / US address. If this site really does mail forwarding, then it would be awesome for me. I just wish they also did clothes, books, maybe amazon.com or something.

You can use a package forwarding service to get shipping to Peru (or any other country) from US stores that don't ship outside the US. You can get a US address, order from Newegg (or any store you want) and forward your items to your country. See http://www.opas.com/how-it-works.php

Re: Buy Newegg gear using Bitcoin

#73

Post by kelvie » Fri, Jun 10, 2011, 4:51 PM UTC

jes5199 wrote: post #32

It's still really, really hard to obtain bitcoins. And until that changes, what good does it do to be able to spend them?

It's getting easier in Canada at least; an exchange just started up at http://www.cavirtex.com -- With email Interac transfers, you can get funds in and out within an hour or two.

The site's still in beta, though, but the devs hang out (and are responsive!) in the Canadian bitcoin irc channel, #bitcoin-cad on freenode.

Re: Buy Newegg gear using Bitcoin

#74

Post by nico » Fri, Jun 10, 2011, 8:40 PM UTC

jrockway wrote: post #45

drhodes wrote: post #16

How are you guys mitigating the volitility. Arbitrage? Seems to me with +- 10 USD in one day, if an order comes in during a top when the quote from newegg is for $20K and suddenly the exchange tanks you'll be stuck with a heavy loss. Of course, it works the other way too...

Good point. Where can I buy Bitcoin FX options ? If I am a business with Bitcoin exposure, I want to be able to hedge that. What do the markets think about this idea?

https://bitoption.org/