Ultimate Bitcoin Thread - Bitcoin rallying | TigerDroppings.com
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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

Ultimate Bitcoin Thread - Bitcoin rallying

Many of you have expressed an interest in my bitcoin threads, but instead of starting a new thread every time some news breaks, I figured I'd do a mega-thread similar to how Josh handles the Defense Distributed thread.

Bitcoin Basics

Bitcoin white paper (PDF) - This is the original white paper - it's pretty technical but it's still worth a read

Bitcoin FAQs & Bitcoin Myths - If you have any questions about bitcoin, I suggest you read the FAQ and Myths articles. If you still have questions, then please ask them here in this thread.

Wrapping your head around bitcoin - This is a plain language guide written by a bitcoin user

Are Bitcoins and Unusual Hats the Future of Currency? (YouTube Video) - A humorous yet easily understandable explanation of why bitcoins have value

The Future of Bitcoin - Great talk about what the bitcoin protocol is actually capable of


Khan Academy Course on Cryptography - Watch this to gain an understanding of cryptography. You will be a better person if you watch this and learn from it.

Government & Central Bank Responses to Bitcoin

FBI Fears Bitcoin’s Popularity with Criminals

European Central Bank on Virtual Currency Schemes (PDF)

Major Bitcoin News

WordPress now accepts bitcoins

Bitcoin-Central becomes first Bitcoin exchange licensed to operate like a bank

Reddit Starts Accepting Bitcoin for Reddit Gold

Need Bitcoins? This ATM takes dollars and funds your account


Discussions

Rick Falkvinge speech discussing the similarities between bitcoin and revolutionary technology of the past

This post was edited on 4/3 at 6:00 pm



WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
Where can bitcoins be used?

You can find a very long list here: https://en.bitcoin.it/wiki/Trade


Some prominent sites/services:

Reddit

WordPress

BitcoinWireless

BitMit (eBay for bitcoins)


How can you obtain bitcoins?

BitInstant - fast bitcoins with cash, transactions can be done at Wal-Marts and CVS stores, among others. HIGH FEES

Coinbase - ACH transfer from your bank account, takes about 4 days to get your bitcoins, but price is locked in when you make the purchase. VERY LOW FEES (only 1%)

LocalBitcoins - find people in your local area to meet up with in person to purchase bitcoins. I don't know what kind of fees, if any, are associated with that.

This post was edited on 2/16 at 12:18 pm


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
reserved


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
Some bitcoin humor:







This post was edited on 2/16 at 1:42 pm


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PhifeDogg
New Orleans Saints Fan
Stankonia
Member since Mar 2006
3469 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
Awesome! Can you include a list of marketplaces that accept btc? . I came across an eBay type site the other day, but don't remember the name..


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
look above in the 2nd post!
This post was edited on 2/16 at 12:00 pm


PhifeDogg
New Orleans Saints Fan
Stankonia
Member since Mar 2006
3469 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
Sorry.. I knew you were still working on this..

Bitmit is the one I was thinking of..

You also once mentioned a site that links you up with people to buy btc in person. I'm hoping that link is coming too..

This post was edited on 2/16 at 12:19 pm


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:


You also once mentioned a site that links you up with people to buy btc in person. I'm hoping that link is coming too..


I updated the second post again. Thanks for your questions. Let me know if you want me to include anything else.


J311slx
LSU Fan
Denham Springs
Member since Sep 2011
1790 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
awesome thanks wiki


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
I'm hedging my bets on the bitcoin bubble bursting again. I'll get in when it does. (Hopefully is goes back to $3/bc).


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22619 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

Hopefully is goes back to $3/bc


That would be pretty bad for a "currency," IMO. People expect some form of stability with a medium of exchange. I hope it just reduces it's inflated cost vs the dollar. I want to see someone like Ebay or Amazon jump on it for trade to force the govt to make a decision. That will give me comfort in using it.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

That would be pretty bad for a "currency," IMO. People expect some form of stability with a medium of exchange. I hope it just reduces it's inflated cost vs the dollar. I want to see someone like Ebay or Amazon jump on it for trade to force the govt to make a decision. That will give me comfort in using it.


BitCoin is bound for ups and downs given its growing audience. Its price is being demand driven to the extreme right now.

At one point BitCoin went from $32 to $3 per. I don't want to risk getting into it at this point when it's very possible that it shrinks again.

That doesn't take away its utility as a currency, only sets it back. But, it will become more and more stable.

As with the US dollar now, the only stability we have is that it is stably decreasing in value and has been for 100 years.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
It's up to $29.50. it's gaining value like crazy.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

(Hopefully is goes back to $3/bc)


More than likely not going to happen



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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

At one point BitCoin went from $32 to $3 per.


consider this trend:

After........................................ A Bitcoin has never been worth less than...
Feb-2011 $0.50
Jul-2011 (5 months later) $1
Dec-2011 (5 months later) $2
May-2012 (5 months later) $4
Oct-2012 (5 months later) $8


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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
35977 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
First page.



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boosiebadazz
Member since Feb 2008
47992 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
has a government taken a hostile position yet?


dante
LSU Fan
Kingwood, TX
Member since Mar 2006
9385 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
I have not read much of the material but let me put on my tinfoil hat and ask a question. What happens in the event of the electric grid going down for an extended period of time, how would you access the bitcoin?

ETA: Can you hoard a "physical" bitcoin?
This post was edited on 2/19 at 4:59 pm


NC_Tigah
LSU Fan
Member since Sep 2003
56197 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

has a government taken a hostile position yet?
Bingo!

Nominal value of totals in circulation make it extraordinarily subject to hostile action.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

has a government taken a hostile position yet?


Not yet. But can you clarify what you mean by hostile position?


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