- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Joining the bitcoin parade
Posted on 2/3/14 at 4:41 pm to WikiTiger
Posted on 2/3/14 at 4:41 pm to WikiTiger
BTW, just to give y'all an idea of what the daily bitcoin news looks like, r/bitcoin's front page right now includes the following headlines:
CheapAir.com adopts Bitcoins to book hotels!!
Land Rover Dealership Accepting Bitcoin
Australian legal firm accepts Bitcoin as valid currency
NETBOX - The first Czech ISP to accept Bitcoin
We are pleased to announce that we are the first plastering company in the world which accept Bitcoins.
New restaurant in Poland accepting bitcoin
and that's just for today. everyday has a similar number of headlines announcing new companies accepting it. some days even have announcements of large well known business announcing they accept it. it's growing by the day. keep your head in the sand at your own peril
CheapAir.com adopts Bitcoins to book hotels!!
Land Rover Dealership Accepting Bitcoin
Australian legal firm accepts Bitcoin as valid currency
NETBOX - The first Czech ISP to accept Bitcoin
We are pleased to announce that we are the first plastering company in the world which accept Bitcoins.
New restaurant in Poland accepting bitcoin
and that's just for today. everyday has a similar number of headlines announcing new companies accepting it. some days even have announcements of large well known business announcing they accept it. it's growing by the day. keep your head in the sand at your own peril
This post was edited on 2/3/14 at 4:42 pm
7
Posted on 2/3/14 at 4:52 pm to WikiTiger
Land Rover 
prob gonna need this when the feds seize my assets in Bitcoin
quote:
Australian legal firm accepts Bitcoin as valid currency
prob gonna need this when the feds seize my assets in Bitcoin
This post was edited on 2/3/14 at 4:54 pm
Posted on 2/3/14 at 5:11 pm to WikiTiger
quote:
it's growing by the day. keep your head in the sand at your own peril
Are you going to continue to claim you never advise others to buy bitcoin?
Posted on 2/3/14 at 5:25 pm to WikiTiger
quote:
keep your head in the sand at your own peril
To be fair, there's not much in the way of peril.
If bitcoin becomes the universal currency tomorrow, guess what? I'll be using bitcoin.
As far as "investing" in it, I'll pass but not to my peril. It could go up, it could go down, it could stay the same. I'm not comfortable putting money on it so I won't. Bitcoin is no different from thousands of other investment opportunities on that score.
Posted on 2/3/14 at 5:32 pm to WikiTiger
quote:
Australian legal firm
quote:
Czech ISP
quote:
first plastering company in the world
quote:
restaurant in Poland
Well shite, I'm convinced.
Posted on 2/3/14 at 6:53 pm to WikiTiger
What laws of the universe did Ross Ulbricht break?
Posted on 2/3/14 at 7:17 pm to WikiTiger
quote:
WikiTiger
I wonder if Ebay/Paypal jumping on board will cause them to rethink their crappy position.
Probably not.
Posted on 2/3/14 at 7:55 pm to joshnorris14
Were you stoned when you made the "pug" comment?
Posted on 2/3/14 at 8:47 pm to LSURussian
Were you stoned when you compared bitcoins to beanie babies?
Posted on 2/3/14 at 9:01 pm to Jwodie
Please explain Bitcoin to me. And then explain why Bitcoins are different from Beany Babies.
Posted on 2/3/14 at 9:09 pm to RhodeIslandRed
quote:
Please explain Bitcoin to me. And then explain why Bitcoins are different from Beany Babies.
Bitcoin is a protocol that acts as a publicly audited ledger of ownership that allows for trustless peer to peer transfers. The first application of the bitcoin protocol was cryptocurrency, but more applications will follow.
Beanie Babies are stuffed animals.
Posted on 2/3/14 at 9:11 pm to ItNeverRains
quote:
I know nothing about this, but I am interested.
quote:
shite if i could put down $800 i have now, and get 20k for it to pay off remaining student loans etc in 4 years, i'd do it.
No shite you would do it. No offense to you, as I don't know a ton about Bitcoin either, but you comments say everything anyone needs to know about investing in Bitcoin. It's become mainstream and every Joe Schmoe "investor" wants to get a piece of the pie. This is when these kinds of things typically collapse.
Also, calling anything this volatile a "store of value" is retarded.
Posted on 2/3/14 at 9:15 pm to joshnorris14
No. What was the pug reference?
Posted on 2/4/14 at 3:05 pm to WikiTiger
Proud new owner of a few BTC!
Wiki - my stash is currently resting in Blockchain. Would you suggest removing it from there into a paper wallet or am I good leaving it on there?
Wiki - my stash is currently resting in Blockchain. Would you suggest removing it from there into a paper wallet or am I good leaving it on there?
Posted on 2/4/14 at 4:31 pm to Jwodie
quote:
Wiki - my stash is currently resting in Blockchain. Would you suggest removing it from there into a paper wallet or am I good leaving it on there?
If you don't plan on spending it there is no reason you should keep it in a hot wallet. Back it up, offline storage, paper wallet.
Posted on 2/4/14 at 4:50 pm to WikiTiger
I bought a case for my HTC One phone and the site (American) had an option for bitcoin payment.
where I am lost on this is if I would have chosen the option, what information would I have to have to use it? How would I have a bitcoin "wallet" or account of bitcoin?
Where can I buy bitcoin to keep until used. And would a site like that know the value that day of the coins and adjust what % of my coin they need to pay for my purchase.
example: NOT factual #s. If I have one bit and it's worth $1000 and I buy a $50 item, how do they that amount of my one bitcoin to match what I owe them?
where I am lost on this is if I would have chosen the option, what information would I have to have to use it? How would I have a bitcoin "wallet" or account of bitcoin?
Where can I buy bitcoin to keep until used. And would a site like that know the value that day of the coins and adjust what % of my coin they need to pay for my purchase.
example: NOT factual #s. If I have one bit and it's worth $1000 and I buy a $50 item, how do they that amount of my one bitcoin to match what I owe them?
Posted on 2/4/14 at 5:24 pm to Geauxld Finger
Posted on 2/4/14 at 5:30 pm to Jwodie
quote:
Wiki - my stash is currently resting in Blockchain. Would you suggest removing it from there into a paper wallet or am I good leaving it on there?
I don't trust online wallets. You should research how to store it yourself securely.
Posted on 2/4/14 at 5:31 pm to GeeOH
quote:
If I have one bit and it's worth $1000 and I buy a $50 item, how do they that amount of my one bitcoin to match what I owe them?
bitcoins are currently divisible to 8 decimal places and that can be changed in the future if more are ever needed.
so, at $1000 per bitcoin per your example, $50 would be 0.05 bitcoins.
Posted on 2/4/14 at 5:34 pm to GeeOH
quote:
what information would I have to have to use it?
you need a bitcoin wallet. there are many options available. you can either host your own wallet locally on your computer or smartphone, or you can let a third party host it for you if you want.
quote:
How would I have a bitcoin "wallet" or account of bitcoin?
you just create one with a third party wallet provider, or you install the software on your computer or smartphone and create your own wallet.
quote:
Where can I buy bitcoin to keep until used.
you can use coinbase.com. they are currently the easiest, but it's still not super easy to buy bitcoins. it will eventually get easier though.
quote:
And would a site like that know the value that day of the coins and adjust what % of my coin they need to pay for my purchase.
yes. merchants that accept bitcoin typically price their goods/services in US dollars (or their own local currency) and then calculate the bitcoin price based on the current exchange rate.
Page 5 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News