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Bitcoin - ###Mod Note in 1st Post - Please Read###

HardyBuckFan · 2010-12-27 23:20:10

Can anyone explain to me in plain english what bitcoin is? see it popping up a bit, know its something to do with an online currency, how does it work? Mod Note: FINANCIAL ADVICE Disclaimer: This is not a financial advice forum. Any opinion offered, in any guise, is to be taken as opinion, and nothing else. That means that…

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#512 06-01-2014 2:43pm
Tiddlypeeps

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Where are those guys who keep posting the bubble chart gone? :P

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#513 06-01-2014 2:46pm
Mint Aero

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Tiddlypeeps wrote: »

Where are those guys who keep posting the bubble chart gone? :P

She's on the Up again

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#514 07-01-2014 12:32am
Dean820

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Go bitcoin!

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#515 07-01-2014 1:58am
Arawn

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I see companies like vuze are starting to ask for donations in bitcoin now

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#516 07-01-2014 9:21am
howamidifferent

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Arawn wrote: »

I see companies like vuze are starting to ask for donations in bitcoin now

Linky?

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#517 07-01-2014 11:20am
Arawn

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howamidifferent wrote: »

Linky?

open vuze and it pops up

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#518 07-01-2014 12:04pm
Genghiz Cohen

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Zynga might start taking BTC now as well.

http://www.latimes.com/business/money/la-fi-mo-zynga-bitcoin-price-tops-1000-20140106,0,7065005.story

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#519 07-01-2014 12:33pm
AtomicHorror

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Tiddlypeeps wrote: »

Where are those guys who keep posting the bubble chart gone? :P

No wait, this is the real bubble now. Don't ask me when it will pop though. I just know for definite that it's a bubble.

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#520 07-01-2014 1:27pm
Genghiz Cohen

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Does Boards.ie have any plans to accept BTC for subscriptions?

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#521 07-01-2014 1:42pm
hatrickpatrick

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Sorry I know this is a bit off topic, but is there anywhere one can directly buy LITEcoins with either credit card or paypal? All of the Litecoin exchanges I've seen insist that you first sign up for obscure middleman/third party payment services (like Paypal), I'd much rather find somewhere that'll sell them directly. Anyone?

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#522 07-01-2014 1:59pm
nyarlothothep

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hatrickpatrick wrote: »

Sorry I know this is a bit off topic, but is there anywhere one can directly buy LITEcoins with either credit card or paypal? All of the Litecoin exchanges I've seen insist that you first sign up for obscure middleman/third party payment services (like Paypal), I'd much rather find somewhere that'll sell them directly. Anyone?

I don't think they're sold directly anywhere. You could buy a certain amount worth of bitcoin and then exchange it for litecoin.

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#523 07-01-2014 5:26pm
AtomicHorror

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Genghiz Cohen wrote: »

Does Boards.ie have any plans to accept BTC for subscriptions?

Or tips jars...

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#524 05-03-2014 12:12am
IvaBigWun

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http://www.rte.ie/news/business/2014/0304/600063-bitcoin-atm/

Ireland is about to get its first Bitcoin ATM when the machine is installed in a cafe in Temple Bar in Dublin.

It is expected to be online in the next couple of days.

The machine will allow users to exchange cash for Bitcoins.

Users will need to have a digital wallet set up in which to store their virtual currency.

They will scan their digital wallet, insert cash into the machine, and then have their purchased Bitcoins placed into their digital wallet.

Bitcoins are currently not recognised or regulated by the Central Bank and so anyone buying the virtual currency is not entitled to any protection.

The ATM is being placed in Hippety's Cafe, Wine Bar and Gallery on Fownes Street by a company called Bitvendo.

It describes itself on its website as being owned by a consortium of investors spread across three continents.

The company said it intends to roll out several ATMs in Ireland and in the UK during this year.

Bitcoin is a virtual digital currency, which is not backed by real assets and has no central authorities governing it.

Each Bitcoin is introduced to the system slowly over time, surrounded by a complex mathematical puzzle, and can only be unlocked by experts using high-powered computers - a process known as mining.

This slow release guards against inflation, and a finite number of 21 million Bitcoins will have been released by 2140.

The arrival of the first Bitcoin ATM in Ireland comes amid growing scepticism about the stability of the currency, following the collapse last week in Japan of the world's biggest Bitcoin exchange, Mt Gox.

It filed for bankruptcy protection on Friday, saying it may have lost some 850,000 Bitcoins worth $477m due to hacking into its faulty computer system.

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#525 05-03-2014 3:07pm
Freddie Dodge

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IvaBigWun wrote: »

http://www.rte.ie/news/business/2014/0304/600063-bitcoin-atm/

Lovely unbiased article. Gox hasn't been the largest exchange for many a day. Blip.

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#526 05-03-2014 3:15pm
Tiddlypeeps

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I'm amazed that Bitcoin is holding it's value so well among all this turmoil. I really expected the price to crash right down to possibly double digits if countries started legislating against it or if large exchanges started to go under. Both of those have happened and it's still holding at 600/700 dollars.

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#527 05-03-2014 4:00pm
Menas

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Yup, I had thought this would be the biggest collapse since tulips, but was wrong. Bitcoin is holding its price over the last few weeks.

Now whether you choose to see that as half its December value or 60 times its value from 2 years ago depends on your outlook.

I see the Japanese are taking steps to regulate it. I suppose this can only help Bitcoin move from the perception that it is a speculative investment to a real currency alternative.
Time will tell.

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#528 05-03-2014 4:00pm
I Heart Internet

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I will give you 3 magic beans for you bitcoin.

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#529 05-03-2014 4:11pm
whisky_galore

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I Heart Internet wrote: »

I will give you 3 magic beans for you bitcoin.

I'll give you an imaginary elephant for your bitcoin.

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#530 05-03-2014 4:26pm
[Deleted User]
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id like to get me some of them Coin Bits.

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#531 05-03-2014 4:53pm
--Kaiser--

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Trigger Happy wrote: »

Yup, I had thought this would be the biggest collapse since tulips, but was wrong. Bitcoin is holding its price over the last few weeks.

Now whether you choose to see that as half its December value or 60 times its value from 2 years ago depends on your outlook.

I see the Japanese are taking steps to regulate it. I suppose this can only help Bitcoin move from the perception that it is a speculative investment to a real currency alternative.
Time will tell.

Let's see how the price holds up after the below news

Flexcoin shuts down after 897 Bitcoins hacked and stolen

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#532 05-03-2014 5:03pm
Tiddlypeeps

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Thats another one that screams inside job to me. The technology to keep bank accounts secure has existed for a good while now, there is no excuse for lax security in that regard.

If the prices are holding fairly strong through the whole mtGox thing so I can't see this having much of an effect. Half a mill worth of bitcoins isn't really that much in comparison to mtGox's losses which if I recall correctly were close to half a billion.

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#533 05-03-2014 6:00pm
safetyboy

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https://twitter.com/Baggot_Inn/status/440942941566033920/photo/1

baggot inn accepting now.

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#534 05-03-2014 7:25pm
alb

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I Heart Internet wrote: »

I will give you 3 magic beans for you bitcoin.

Deal, if you can send the magic beans to me peer-to-peer over the internet, without depending on any 3rd party, ensuring that I can trust you also did not give them to anyone else. That's how we roll with magic Internet money these days.

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#535 05-03-2014 7:48pm
MyPeopleDrankTheSoup

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damn, i really was hoping BTC would drop sub-$200 with the mt. gox meltdown. was going to buy a few.

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#536 07-05-2014 12:04am
IvaBigWun

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http://www.boards.ie/vbulletin/showpost.php?p=90237515&postcount=9526

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#537 07-05-2014 1:10am
Jester252

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Man Bitcoin is tanking. While Dogecoin is holding steady.

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#538 07-05-2014 5:51pm
alb

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The dogecoiners sponsored Josh Wise in the NASCAR Talladega race last weekend.

Imagine tearing around the track at 200mph trying not to wreck yourself and having the doge meme staring back at you from the rear of the car in front. The internet is amazing.

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#539 12-05-2014 2:33pm
bur

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where is the place to go for bitcoins? want to pay as little transaction fee as possible.

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#540 12-05-2014 6:24pm
alb

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bur wrote: »

where is the place to go for bitcoins? want to pay as little transaction fee as possible.

I've used kraken.com and had no problems.

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#541 12-05-2014 6:32pm
safetyboy

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bur wrote: »

where is the place to go for bitcoins? want to pay as little transaction fee as possible.

try this if you want to buy localy and not use banks and ****e http://mycelium.com/

GSM charge 3 times the amount steer clear.

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