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Started By
Message
re: Oh No, Bitcoins Trading <$100...
Posted on 5/3/13 at 2:24 pm to joshnorris14
Posted on 5/3/13 at 2:24 pm to joshnorris14
quote:
If I had a BitcoinATM in my city I'd use that instead of having to go through the hurdles of getting verified on Gox
But then you would have to take your Spiderman PJs off, get dressed, drive over to the ATM and do the transaction. All for something that is supposed to be done easily online anyway. What am I missing?
I think you are just enamored with the novelty of this monumentally stupid machine.
2
Posted on 5/3/13 at 2:26 pm to Broke
quote:
But then you would have to take your Spiderman PJs off, get dressed, drive over to the ATM and do the transaction. All for something that is supposed to be done easily online anyway.
Yea, I had to do pretty much the same thing earlier to put money through BitInstant. Only it was a MoneyGram at CVS. A little more inconvenient.
Posted on 5/3/13 at 2:38 pm to Broke
quote:
But then you would have to take your Spiderman PJs off
That line made me
. 
Posted on 5/3/13 at 2:41 pm to joshnorris14
quote:
Yea, I had to do pretty much the same thing earlier to put money through BitInstant. Only it was a MoneyGram at CVS. A little more inconvenient.
Is there no way to make a conversion from say a checking account to fund it?
Posted on 5/3/13 at 2:43 pm to joshnorris14
quote:
Only it was a MoneyGram at CVS
How anonymous were you?
Posted on 5/3/13 at 2:52 pm to Broke
quote:
Is there no way to make a conversion from say a checking account to fund it?
Yes. Coinbase allows this. You place an order with them, say for 1 bitcoin at $100. They will initiate an ACH transfer from your bank account. When it clears (takes about 4 days) they will give you the bitcoin you purchased and you can then either store it on their servers or send it to another bitcoin address of your choosing.
Posted on 5/3/13 at 3:10 pm to LSURussian
quote:
How anonymous were you?
I wore my spiderman mask...
Posted on 5/3/13 at 3:26 pm to WikiTiger
quote:
They will initiate an ACH transfer from your bank account. When it clears (takes about 4 days) they will give you the bitcoin you purchased
In the transaction, who is at risk for currency fluctuation? Does the conversion rate lock in at initiation of the ACH?
If I initiate for 1BTC @ $100 and the price 4 days later moves to 1 BTC = $50 do I get 2 BTCs or still just 1? Conversely, if it goes to 1BTC = $200, do I only get .5BTC? 4 days seems like a lifetime.
Posted on 5/3/13 at 3:36 pm to Waffle House
quote:
In the transaction, who is at risk for currency fluctuation? Does the conversion rate lock in at initiation of the ACH?
If I initiate for 1BTC @ $100 and the price 4 days later moves to 1 BTC = $50 do I get 2 BTCs or still just 1? Conversely, if it goes to 1BTC = $200, do I only get .5BTC? 4 days seems like a lifetime.
They offer an option. The default is that the price is locked at the time of purchase, however, you can opt to take the exchange rate risk if you want. (ETA: That exchange rate risk option is a new feature and I don't know how it's been working out or its even utilized much.)
This post was edited on 5/3/13 at 3:38 pm
Posted on 5/3/13 at 3:55 pm to joshnorris14
Josh how upset do you get in class when a teacher disagrees with you? Pipe bomb mad or revolver mad?
Posted on 5/3/13 at 3:59 pm to Broke
quote:
Pipe bomb mad or revolver mad?
What is this, the 20th century?
I get anon vs HBGary mad.
Posted on 5/3/13 at 4:06 pm to LSURussian
Yikes. I was just goofing.
Posted on 5/3/13 at 4:22 pm to LSURussian
Isn't that the kind of gun John Malcovich used in "In the Line of Fire"? Josh is gonna brain some Statist Mother frickers
Posted on 5/3/13 at 4:37 pm to Vols&Shaft83
I thought about that. It also looks like the top off of a 409 bottle.
This post was edited on 5/3/13 at 4:40 pm
Posted on 5/3/13 at 4:41 pm to Vols&Shaft83
quote:
Isn't that the kind of gun John Malcovich used in "In the Line of Fire"? Josh is gonna brain some Statist Mother frickers
Good luck tracing it back to me
Posted on 5/3/13 at 4:41 pm to LSURussian
In all fairness to Josh on that one, 3D printing actually will be a huge game changer but the technology still has a way to go.
There are a couple game changers on the technology front from shale, 3D printing, various forms of fuel and various other organic creations through algae, and I've seen some very early outlines for water purification technology that are complete game changers to developing countries. All of these have a ways to go to actually get to the game changing area but the direction is encouraging.
There are a couple game changers on the technology front from shale, 3D printing, various forms of fuel and various other organic creations through algae, and I've seen some very early outlines for water purification technology that are complete game changers to developing countries. All of these have a ways to go to actually get to the game changing area but the direction is encouraging.
Posted on 5/3/13 at 4:43 pm to BennyAndTheInkJets
quote:
water purification technology that are complete game changers to developing countries
Graphene?
My rankings for game changing technology that I know of (not including hydrogen fusion because I think it's too far away to list)
1. Graphene
2. 3D Printing
3. Crypto-Currency.
Posted on 5/3/13 at 4:44 pm to BennyAndTheInkJets
quote:
In all fairness to Josh on that one, 3D printing actually will be a huge game changer but the technology still has a way to go.
I'm surely not knocking 3D printing. It's very intriguing. And I think within the world of printing it's a game changer. And for other applications also. But it has to become semi affordable and fairly dependable. The good thing about technology is that prices usually decline rapidly after initial introduction to the market.
Posted on 5/3/13 at 4:46 pm to Broke
quote:
The good thing about technology is that prices usually decline rapidly after initial introduction to the market.
You can get a quality printer for $2,000.
You can get a hobby printer for $800.
The price is driving down fast and the printers are getting increasingly better, quicker.
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