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06-02-2011, 04:33 PM | #176 |
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+1. I'm too stupid for TOR, but I find this interesting.
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06-02-2011, 04:40 PM | #177 |
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I've been running the bitcoin client since this thread was started, and I've got a whopping balance of 0.00... so disappointed.
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06-02-2011, 04:43 PM | #178 | |||
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so it has seller/buyer feedback, escrow accounts, PGP encryption for the PMs and the 'orders' disappear once placed.
the 'items' page always has the current FX rate in the lower left corner the way I gather this works is you pay cash for a gift card visa, then deposit that to a 3rd party that works with one of their partners to convert the cash to bitcoins then place an order - when the order arrives you complete the transaction and the seller gets the bitcoins it seems way skewed to the buyer - I wonder what kind of fraud protection there is for sellers Quote:
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06-02-2011, 04:45 PM | #179 | |
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Quote:
http://freebitcoins.appspot.com/ |
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06-03-2011, 11:53 AM | #180 |
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Ok so I've downloaded it and have it set to run on my work machine. 64 bit Windows 7 brand new, with processor and video card for 3D modeling so I know I've got the horsepower (and I don't have to pay for electricity)
I wish I knew more about this, though. I'm just participating without really KNOWING what it is that I'm doing. |
06-03-2011, 12:05 PM | #181 |
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The faucet is giving out .02 due to the current bitcoin value.
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06-03-2011, 01:13 PM | #182 | |
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06-03-2011, 01:23 PM | #183 |
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Is it worthwhile to hook my other ATI card up in Crossfire?
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06-03-2011, 01:31 PM | #184 |
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You can use both cards, just load another instance of the mining software and tell it which device to use. Some people report problems with crossfire enabled.
Here is a list of mining hardware and how they perform: https://en.bitcoin.it/wiki/Mining_hardware_comparison As a very rough approximation, right now you can generate 3-4 bitcoins in a 24hr period with 1000Mhash/sec computing power (~3x 5870 GPUs) |
06-08-2011, 04:40 PM | #185 | ||
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http://arstechnica.com/tech-policy/n...r-currency.ars
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With all that said, I wonder why the mexican drug cartels are not using bitcoin |
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06-08-2011, 05:31 PM | #186 |
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i need Wired to put together an awesome info-graphic to explain all of this cryptographic register block movement and other such things that I don't really grasp right now.
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06-08-2011, 05:57 PM | #187 | |
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Quote:
Here's what I see. The fact that you use this to transfer/exchange money makes it valuable. As people who need to do that learn about, they will buy into it, making it worth more. (against the dollar) Theoretically it's not the value going up, it's the dollar going down. You could put away $100K into bitcoins, take it out 10years from now and that amount of bitcoins will be worth way more than $100K, unless magically the economy drastically improves to 1950's money. I think this is an opportunity to get in while the gettin's is hot and then get out when you've made a little chuck and then maybe leave some in there to see how it plays out. |
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06-08-2011, 06:46 PM | #188 |
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I'm a little suspicious of the origins, who made it and the real reason it was created. also slightly suspicious of the way you can generate them by keeping a script running on your machine that uses up spare CPU cycles -- although I get that there are people who pay through the nose for the power of cluster computing other than that, it's like the ultimate evolution of paypal. now if we could walk into stores and start buying bitcoins the way we buy gift cards, that would be a good step forward for the program. |
06-08-2011, 06:51 PM | #189 | |
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06-08-2011, 07:07 PM | #190 |
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IMO, if there is some sort of stable $:BC:£ then I am all for BCGCs.
Last edited by DoctorNick; 06-09-2011 at 10:08 PM. |
06-08-2011, 07:14 PM | #191 |
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no, but I can go to any teller machine and withdraw my PayPal cash. PayPal is part of the system, it doesn't seek to create a new one -- as a matter of fact, although a subsidiary of ebay, PayPal is run by Chase. bitcoin seeks to be a system in and of itself, it needs a way for people to buy in with cash |
06-11-2011, 11:15 AM | #192 | |
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06-11-2011, 01:00 PM | #193 |
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Gubment about to get involved. Might be time to take your winnings and run.
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06-11-2011, 02:07 PM | #194 |
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06-11-2011, 05:00 PM | #195 |
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This is fascinating. I really wonder how this will all turn out. Now that the government has taken an interest in it due to the illegal drug sales it should get interesting. I doubt it will shut the whole thing down, but the currency exchange portion is definitely going to be tough to keep up.
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06-11-2011, 05:15 PM | #196 |
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if people traded bottle caps for drugs, they would try to outlaw the bottle caps instead of acknowledging that they are wrong and that by keeping the drugs illegal they are going against the will of the people and behaving like the very king that America was created for people to get away from.
Last edited by Qcanfixit; 06-11-2011 at 05:24 PM. |
06-11-2011, 05:17 PM | #197 | |
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06-11-2011, 06:29 PM | #198 | |
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06-11-2011, 07:03 PM | #199 |
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06-11-2011, 07:46 PM | #200 |
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Can anyone tell me what this is? Posted by Lulzsec...
http://blockexplorer.com/block/00000...df8d580a080f0e Bitcoins are dumping value big time. The value went from 30 to around 10 in a few days. |
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