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Message
re: Major glitch in Bitcoin network sparks sell-off
Posted on 3/12/13 at 1:53 pm to Broke
Posted on 3/12/13 at 1:53 pm to Broke
quote:
I don't think you know what I'm asking. I want you to send me a bitcoin in the US Mail. Stick that fricker in an envelope and mail it to me. Is that possible?
There are physical bitcoins available. Although, they don't really mesh with the spirit of bitcoin, IMO.
https://www.casascius.com/
I could also print out a bitcoin private key that contains 1 BTC and mail that to you, if that tickles your fancy.
This post was edited on 3/12/13 at 1:54 pm
1
Posted on 3/12/13 at 2:14 pm to WikiTiger
I have another question related to bitcoin. As the value of bitcoin increases, it seems as the costs of conducting business in bitcoins become more out of whack relative to USD (or other stable currencies). Are websites constantly updating the price goods to the current trading value? As bitcoins appreciate in value, don't companies just make additional money by not updating their website/pricing.
Right now that website prices out USPS Priority Mail (flat rate, tracking, and 3-5 day delivery) at BTC0.20. The relative value of those shipping costs are $9.00. Currently on USPS, it would cost $2.30 to ship. For USPS Express Mail (flat rate, tracking, 1-2 day delivery, signature required): BTC1.05 which is over $47 to ship. On USPS it is around $18 to ship.
I would be curious to check back on that pizza website to see if instead of paying the ~$2 fee to conduct the transaction is now closer to ~$5
ETA: BTC symbol didn't translate over.
Right now that website prices out USPS Priority Mail (flat rate, tracking, and 3-5 day delivery) at BTC0.20. The relative value of those shipping costs are $9.00. Currently on USPS, it would cost $2.30 to ship. For USPS Express Mail (flat rate, tracking, 1-2 day delivery, signature required): BTC1.05 which is over $47 to ship. On USPS it is around $18 to ship.
I would be curious to check back on that pizza website to see if instead of paying the ~$2 fee to conduct the transaction is now closer to ~$5
ETA: BTC symbol didn't translate over.
This post was edited on 3/12/13 at 2:17 pm
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