Something Awful on the Bitcoin Crash "How idiotic can you be? Converting your life savings to a trendy nerd currency less dependable than Linden dollars? Are you a lunatic, or was the promise of a new tax-free future living out of your bug-out bag too much to ignore?"
Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING BTC-E.com To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification. Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world. BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums. Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load. You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins Bitfloor.com Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems. Bitstamp.net Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts. Bitcoin-24.com Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways. Vircurex.com Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it. Cavirtex.com Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling. LibertyBit.com https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded). Bitcoin China https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal Check english forums to see if anybody exchanging Alipay or taking wires. CampBX.com Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified. Bitcoin-central.net Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire. VirWoX.com You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them. Or course there's all the fixed price exchangers https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak ==============R U L E S ================================
Learn to use #bitcoin-otc, you'll thank me later. It has the most buying/sell options. Use localbitcoins.com too if you can to avoid bullshit exchange problems
ALWAYS USE 2-FACTOR ID ON EVERY EXCHANGE
Always use 2-factor ID on the email you used to sign up for the exchange
Don't click any links in BTC-E.com chat trollbox!!!
Don't click any links PM'd to you on BTC-E.com from other users
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011. Great successez!
These guys are spamming the forum with offers of cheap bitcoins. The obvious question is who in their right mind would sell way below market price? This is a long-running scam in the Second Life Linden Dollar world (another virtual currency which converts to fiat). They spammed the forums with offers of an exchange rate too good to be true, collect your credit card info, then steal your money and don't deliver a thing. Fortunately, bitcoin allows a method to prove they own coins to sell. Ask them to send you a message signed with their private key, and their public address. If the message can be decoded with their address, they have proved they own the account, and you can check the balance and transaction history. Of course, they won't be able to do this, because it's a scam, but in general bitcoin allows you to check up on sellers, and this is a very useful feature. Edit: fixed text to read "signed with their private key"
A guide to using Silk Road, specifically for /r/UKtrees
Hey all, I’ve seen a few posts on here asking about using Silk Road to purchase trees. I’m not an expert, but I have used it successfully a few times now, so I figured I’d write a guide to help anyone out. 1. Getting on Silk Road. Silk Road exists on what is commonly referred to as the ‘Hidden internet’, or ‘Deep Web’; Websites on the hidden internet are not indexed and thus not accessible by regular search engines or DNS lookups. You can do more research on this if you want - to be perfectly honest, I don’t understand it entirely - but you don’t need to. To access Silk Road and the rest of the Hidden Internet, you need to download a piece of Software, called Tor. This software allows you access hidden websites via a regular browser window. Just head to Tor’s Website and click the download. Once the files are downloaded, unzip and click Start Tor. To head to Silk Road, enter the following address silkroadvb5piz3r.onion You’ll need to make an account, this is pretty straight forward. (Make sure you remember your pin. You don’t need it when logging in, but you do need it when confirming transactions. Also, your pin doesn’t actually have to be a ‘pin’, mine is just another regular password) Note: Due to the nature of the Onion network/service, it’s quite slow. And a busy site like Silk Road can be even slower. So, it may be that you have trouble connecting. If it doesn’t work, hit refresh a couple of times, and then just try again later. I usually have better luck in the morning 9pm-12pm and late evening 10pm-4am 2. Bitcoin. Bitcoin is a decentralised peer 2 peer based currency. Essentially, it’s an untraceable and anonymous currency. Purchasing Bitcoin can be a little tricky, there are a number of ways to do it. There are exchanges such as MTgox and Intersango, and many direct Bitcoin purchasing sites such as Bitstamp, and BitInstant. The problem with many of these sites is they operate outside of the UK, and as such getting money into them can be tricky. They tend not to accept debit credit cards, and often require bank transfers via IBAN. However, banks will often charge you a fee for using IBAN (I know Natwest charges £10). These websites will allow you to deposit money into your account, and then place orders to convert that money into Bitcoin. Other easier websites are Virwox, and Block Chain. With Virwox, you first need to convert currency into Linden Dollars (SLL) (a currency used in the game Second Life) then into Bitcoins. However, Virwox does not allow for fractions of bitcoins, which means you can easily end up being just shy of a full bitcoin and having ‘worthless’ SLL. One nice thing about Virwox is that they accept UKash vouchers. So if you want no trace of your purchases, you can go buy UKash vouchers at any Paypoint and then deposit those. Block Chain used to only be depositable via Barclay’s Pingit, but has since opened up regular bank transfers, I found this worked really well the last time I used it, so I’d recommend it. You can also buy bitcoins in person by searching on Local bitcoin. In addition, there are also people selling Bitcoins on Ebay, but very overpriced, so I wouldn’t recommend that. There are a tonne of places to buy bitcoin, some accept cash/cheques in the mail as well. You can always find more by googling. 3. The purchasing process. You need to send your purchased Bitcoins to your SR account, you can find your bitcoin address under ‘Account’ at the top of the screen. It can take a few hours for the transfer to take place. Once in your account, you’re ready to purchase, simply find whatever it is you wish to buy, click add to cart, and then head to the checkout. Select a postage method for your items and click go to confirm the postage. Now, you need to input your address and your pin. Now, you might have heard of PGP encryption by this point, it’s a form of public/private key encryption used on SR to protect the addresses of its users. For this, I’m just going to steal mr_kyitty’s guide from this thread.
Get gpg4win, install, and open 'GPA'
Now you need to make your own key. Go to Keys>New Key, and follow the prompts. Use a fake name/e-mail. Before entering a passcode, write it out (the longer the passcode, the better, and you have to enter it every time you encrypt something). Once that's done, you have your own key.
Import the seller key from the seller page. To do this, copy the public key from the page, paste it into a blank notepad file, and save the file. Then click 'Import' in GPA and load that file. You now have that seller's public key.
To encrypt your address, open the clipboard in GPA and type in your address. Click encrypt, select the seller's public key, and in the lower box, check "sign" and select your own key. Then you will be prompted to enter your passcode. Once complete, copy the block from the clipboard and paste it into the address box on the shopping cart page.
I’d like to add, that you don’t need to ‘sign’ the encryption. What this does is allows the seller to verify that you are the actual sender of the message. However, I’d argue this isn’t entirely necessary, as it will also require you to post your public key somewhere. Click to confirm the transaction, and that’s the order placed. It will now show up under your ‘orders’ section. You’ll notice an option to ‘finalize’. Silk Road uses escrow, i.e. they hold your money when you place an order, and when the order is confirmed to have gone through (after x days) the money will be sent to the vendor. You can Finalise early, by clicking the finalise button and sending them their payment. It’s common courtesy to do this once your item has arrived. If an issue arises, you can click resolve, and attempt to claim a refund/resolve the issue. I don’t have any experience with this so I’d recommend you search /silkroad for advice if you need assistance on resolving a matter. Some vendors might ask you to finalise early before they will send your order. Now, this is actually against Silk Road policy, but its common for vendors to ask for this from first time buyers. Personally, I would say just don’t do it. You never know what’s going to happen. But generally speaking, a vendor's reputation is probably worth more than your particular order, so the risk of being 'ripped off' is low. Still, I wouldn't recommend it. 4. Additional Comments Do I recommend it for weed? I started using SR Last year after I moved back home from Uni, because I no longer had a dealer. Personally, if I had a choice, I would choose to buy from a dealer every time. SR is a lot of hassle, so I wouldn’t recommend it for your general Eighth or quarter, unless you have no other connection (as is unfortunately the situation for me). However, there are a variety of strains and products available, ranging from hashes to oils to edibles, so some of you might like to have those options. In terms of price, I’d say it’s fair. A lot of Weed vendors will have a standard strain that they’ll sell for a (roughly) standard £20/eighth. You will generally be spending a little more given the nature of the process. Is it risky? In terms of general legal risk, you can't control what people send to you. If there's no record of you having bought it (Which there isn't, buying bitcoins is not a crime) then you should be fine. In terms of 'Will I get scammed risk' - it's just like ebay, people value their reputation. Buy from high repped vendors, and you should be fine. Anyway, that’s all folks, I hope you’ve found this helpful. If you have any questions, leave a comment, and I’ll do my best to help you out. Also, if any other more experienced SR users have noticed any mistakes or things I should alter in this guide, please leave a comment and let me know, and I’ll make the necessary amendments. And here are some other great subreddits which you may also find useful. /SilkRoad - For everything Silk Road. /Bitcoin - For everything Bitcoin. /onions - For everything hidden internet.
One method to buy bitcoin with fiat is first to buy Second Life Linden (SLL) with Paypal, and then to use the Virwox exchange to convert the SLL to bitcoin. Some people say that they have used this method several times with no problems, but others are furious that Virwox scammed them out of their money when they tried to withdraw their bitcoins in the final step. (Have a look at these reviews of the service; they are mostly bad.) I have some questions about this:
Is there any way to predict who is likely to be successful in this process and who is likely to get ripped off? For example, does it help to have a reasonably old Second Life account?
Virwox is an official Linden Dollar Authorized Reseller, and the terms and conditions of this arrangement prohibit them from selling things of value in exchange for SLL. So why are they even allowed to sell BTC in exchange for SLL?
Given that Virwox is somehow allowed to sell BTC for SLL in this way, why do they appear to have no competition? Why doesn't a US company start doing what Virwox claims to be able to do, but do it reliably instead? (Virwox is based in Austria.)
I would probably use this service to buy BTC if it didn't have so many extremely negative reviews. This process can also be used in reverse to convert BTC to SLL, and then to convert SLL to Paypal, and in contrast, that seems to be reliable. If anyone has any insight into these matters, I'm very interested to hear it.
Intrinsic value doesn't count when the "value of exchange" is highly efficient.
Many financial experts denying the "value of exchange". My answer to these experts would be
Intrinsic value doesn't count when the "value of exchange" is highly efficient.
If you are having an efficient platform, just like the worldwide spread of dollar, you can detach it from the things that gives it an intrinsic value. Here is the news (in dutch) https://fd.nl/beurs/1200677/is-de-bitcoin-volwassen-aan-het-worden Google translation Is the bitcoin getting grown up? The price of the bitcoin continues to rise. According to some analysts, the digital currency is becoming an ordinary investment category, also for institutional investors. Is the bitcoin indeed getting grown up? Wim Boonstra - Special Advisor and Economist at RaboResearch "I'm pretty sceptical about the bitcoin as a coin. Whatever you turn or turn it, it's a coin that is not covered by anything in any way, like deposit money is covered by the bank's assets. That means that the bitcoin can not be appreciated either. You can of course always use something as an alternative to regular money. If we agree tomorrow that we convert everything into potatoes, the price of potatoes is rising enormously. Then you have a hype, and at some point it runs out again. If the value of the bitcoin increases due to the fact that other digital coins are linked, it seems to be a pyramid game. There is now no economy running on the bitcoin. The inherent supply restriction means that such an economy could only grow as prices drop, in a structural deflationary system. That's even more primitive than the gold standard. In addition, you can not have a national means of payment that is extremely suitable for illegal transactions. And then there is the question: who deserves this? Somewhere people need to get very rich here, like Mr. Linden with his Linden dollars. If my pension fund were to step into the bitcoin, I would seriously worry. " Harrie Dielen - investment strategist at PGGM "I see no reason why institutional investors would invest in the bitcoin. Before considering an investment category, it must meet a number of criteria and the bitcoin does not meet any. An expected return can not be determined, and the risk is very difficult to estimate. There is hardly any sustainable aspect, and if any, it's negative because of the possible link with crime. And how is liquidity? An etf could help, but I still do not know what the characteristics of the investment are. Such an etf is no more than a package. Moreover, this matter is very complex. For pension fund managers it is difficult to understand, and that is a requirement that regulators make. Managing a limited number of investment categories, so you can not complete the portfolio with a thousand complex products. The bitcoin is certainly not at the top of the list. I see one plus point. The bitcoin is a category with a correlation of about zero with other investments: it does not necessarily go down as other categories do. The same goes for scratchcards. That's why that plus is so small, that does not weigh the disadvantages. " Valentijn van Nieuwenhuijzen - Investment Strategist at NN Investment Partners "If you look at it professionally, the bitcoin is not really a category for big investors, at least not yet. An etf could help, which offers a channel for institutional investors, because they are not signing up for a digital platform. Bitcoin is called digital gold. The offer is limited, and there are some markets where the digital currency is used as a vehicle to convert assets into foreign currencies. This is especially true in countries like China, where you still have a lot of capital restrictions. Therefore, the bitcoin volatility is closely linked to the performance of the Chinese supervisor. You can wonder if institutional investors are putting money into such a risky tool, in a possible tulip mania. And there are not so many that are heavily invested in the Argentinian peso: it's quite a risk you take. There is also the danger that the bitcoin becomes a kind of blood diamond. The shadowy aspect of many things that the currency is used for will continue to cling. One question is, therefore, whether the bitcoin will conform to the requirements of institutions, or to stay out of it because it was not intended. "
I just earned .0055 BTC! EarnCrypto is a new resource for bitcoin, litecoin, namecoin, gaia cash, imvu, linden, stardollars.
ref / non-ref By completing tasks, watching videos, and downloading mobile apps they reward you with cryptopoints which can be converted to bitcoin, litecoin, namecoin, gaia cash, imvu credits, secondlife linden, stardollars with dogecoins coming very soon. 1000 cryptopoints = 1 US dollar – I received my first deposit of .0055 btc after reaching 4000 cryptopoints. I received payout in BlockChain wallet within 2 hours. Recommendation: SuperSonicAds Mobile scored me the majority of the points – I downloaded apps to my Iphone. Be sure to follow the link to chosen app or you won't get the credit. I put in less than 2 hours of time. For installing Expedia's app alone I earned 879 cryptopoints, but most are around 250. They have added resources for earning points 2 days in a row (Matomy yesterday and PeanutLabs today).
There are many ways to get some bitcoins. You can get some with mining but for being honest this ways is actually more expensive than buying some. I had good expierence with Virwox (www.virwox.com). There you can buy Bitcoins with Paypal. They take a - in my opinion huge - provision but its the easiest way to get bitcoins within hours. First you have to buy some Linden-Dollars there but then you can convert them to Bitcoins. The fee in sum is about 10 % I think but its fast. Be careful because when you buy bitcoins there with your creditcard or with paypal or other payment methods you are NOT anonymous. So you have to tumble your coins, ie. with bitcoinfog (www.bitcoinfog.com or http://foggeddriztrcar2.onion/). You can also send your bitcoins to different wallet addresses to tumble them but they do it for you for a small fee. Be warned. Bitcoins are not 100% anonymous!!! Other ways to get some Bitcoins? Buy them on marketplaces like localbitcoins.com - there you can also buy bitcoins from people near to your area by cash for example. Use ebay! There you can buy also Bitcoins but they are not cheap!!! and so on! You like my tutorial? Register here for Agora: http://agorahooawayyfoe.onion/registeev7yTopdlU or donate: 16uMbEbDz2iDNjVxZmagYU7ZG1SaAsB81h
I've been following bitcoin for a while. I've even had ideas for bitcoin related business, however without the time or capital to invest in them I've seen myself beaten to the punch time and time again. So rather than get invested in a new idea only to see someone beat me to it, I've decided to try an earn some cred as a futurist. So here's my prediction: When bitspend came out I was already in talks with some friends to get some programming help for an almost identical project. (Though my plan was the leverage the Amazon API so as not to get bogged down by manual orders the way bitspend seems to have). I originally believed I was 6-months ahead of the curve when all of a sudden, wham - there it is. And the thing that comes next is a pretty straightforward extension. Bitcoin POS systems that use an online trusted third party to prevent double-spend attacks. The idea is simple. Some amount of the buyers bitcoins are held in an online wallet who's direct controls are under the control of the third party (call them "bitcoin trust authority" or something) You slide your card and then enter a time-based authentication code similar to blizzards authenticator (although the hardware is largely irrelevant. You could do this just with smart phones). The third party sends the bitcoins to the seller and disallows any attempt at a double spend. This way transactions can be considered complete even at the "unconfirmed" stage. Transaction fees can be tiny in this scenario. And the seller can simply have their address be one of the many wallets (such as linden dollars, OKPAY, or even MtGox if I understand correctly) that automatically converts BTC into dollars (if they are so inclined). The hardware is cheap, the infrastructure is cheap, and the market is just about ready. We'll see these soon.
The page provides the exchange rate of 1 British Pound Sterling (GBP) to Linden Dollar (LD), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 British Pound Sterling (GBP) to Linden Dollar (LD) from Saturday, 24/10/2020 till Saturday, 17/10/2020. The page provides the exchange rate of 1 Linden Dollar (LD) to US Dollar (USD), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 Linden Dollar (LD) to US Dollar (USD) from Saturday, 24/10/2020 till Saturday, 17/10/2020. The page provides the exchange rate of 1 Bitcoin (BTC) to Linden Dollar (LD), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 Bitcoin (BTC) to Linden Dollar (LD) from Tuesday, 18/08/2020 till Tuesday, 11/08/2020. 0.001 Bitcoin to EUR (BTC to Euro) BTC to EUR (Bitcoin to Euro) Euro to Costa Rican colons (EUR to CRC) 0.00184116 BTC to USD (Bitcoin to United States dollar) Euro to PKR (EUR to Pakistani rupee) 600 United States dollars to Haitian gourde (USD to HTG) 0.0018 BTC to USD (Bitcoin to United States dollar) 0.0001 BTC to EUR (Bitcoin to Euro) Die Seite bietet dem Wechselkurs 1 Linden Dollar (LD) um Bitcoin (BTC), der verkauf und der conversion-rate. Außerdem fügten wir die liste der beliebtesten umbauten für die visualisierung und die history-tabelle, die wechselkurs-Diagramm für 1 Linden Dollar (LD) zu Bitcoin (BTC) von Dienstag, 13/10/2020 bis Dienstag, 06/10/2020.
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