We use Bitcoin ;)

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Linuxser
5921
Linuxser  

Seems we need a Bitcoin thread to discuss about due the growing popularity of this virtual money.

Forex-TSD is studying the idea of take Bitcoins as payment method and having our thread to discuss about pros and cons sounds as good approach.

You will find more information on the official Bitcoin page Bitcoin

As any other currency on Forex market bitcoins fluctuates against other currencies. The most know exchange is https://mtgox.com/

And there are charts and real time values at http://bitcoincharts.com/markets/

Some brokers started to take Bitcoins as payment method.

So. This is Forex talks too-.

ndsouz1
758
ndsouz1  

Hi Linuxuser,

I found about about the bitcoin too just today from a post on FF about a new broker that lets you deposit with this, bitforex or something.

Just downloaded their client/wallet or p2p software and its running, they state that it takes a whole day to synchronize the client with the p2p servers. I have it running, it's now about over 6 hours and it's still synchronizing lol

Will let you guys know how this works when I have my account with them.

Over here in India ex-changers are charging about 250 INR per bit coin, that would mean the value of 1 bitcoin is about $5 more or less in value, just to give you the idea of how much they are worth.

Regards,

Nick

BigJoe
1285
BigJoe  

For the hardcore users of bitcoin

Here you can follow the development of a mining hardware with a capacity of 60 GH/s :

https://bitcointalk.org/index.php?topic=147788.msg1613035#msg1613035

Linuxser
5921
Linuxser  
Big Joe:
For the hardcore users of bitcoin

Here you can follow the development of a mining hardware with a capacity of 60 GH/s :

https://bitcointalk.org/index.php?topic=147788.msg1613035#msg1613035

Thanks for the link. What about to start our mining community?

Besides.

Do you think as I think the main problem still is the easy access to the bitcoin exchange ???

Because funding does not relies on most known payment gateways several people find hard to access the market if does not takes PayPal or Credit Cards.

From the practical side looks great to avoid charge backs and swindlers. There are several payment processors you can use to fund your account but not widely known.

Youn can trade bitcoins by opening account. And to fund the account you can use:

Wire Transfer

E-Currencies supported by the AurumXchange

Bitcoin - For everyone.

Dwolla - Only for US citizens who have a verified account with us.

LibertyReserve - Through AurumXchange and Bitinstant only

OKPAY - For everyone has an OKPay account.

Japanese Domestic Transfer - For Japanese residents who have a verified account with us.

Technocash - Only for Australian residents who have a verified account.

Full official list is here: https://support.mtgox.com/entries/20490576-Withdrawals-and-Deposits

PayPal, Visa, Mastercard, etc are the daily shit you have to eat because no substitutes or real alternatives. Pushing the Government's regulations they managed to get the a monopoly within online transactions. But can ask to anyone just to confirm everybody hates PayPal, especially the merchants.

To universalize the market access and making it easy to everybody it's key for clean prices.

brendanfx
119
brendanfx  
Big Joe:
For the hardcore users of bitcoin

Here you can follow the development of a mining hardware with a capacity of 60 GH/s :

https://bitcointalk.org/index.php?topic=147788.msg1613035#msg1613035

Thanks for the link mate.

Linuxser
5921
Linuxser  

Year's trade

Myths are falling?

Limited supply means fair deflated prices.

Year's trade?

Better than gold trade in a decade?

Mladen Rakic
105469
Mladen Rakic  

It seems it is not a good time for that

Bitcoin fell 50% in just couple of hours

Files:
altoronto
317
altoronto  

Interesting and here is why,

Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges | TechCrunch

mladen:
It seems it is not a good time for that Bitcoin fell 50% in just couple of hours
Linuxser
5921
Linuxser  

Quite interesting. I'm just thinking why hackers do not attack any other market ? cbot or nyse are thousand times bigger

But beyond any conspiracy theory and as fanatic of raw economics, the concept of bitcoin is fascinating.

As example:

All currencies produces inflation because prices adjustments, offer and excessive demand and bla bla bla.

NO.

Inflation is one more product of the financial system. We can could have a free inflation world right now but Banks will stop to make money from thin air.

Mladen Rakic
105469
Mladen Rakic  

Or it is a war for the virtual money market already going on : Introducing Ripple, a Bitcoin Copycat - Businessweek

techmac
2976
techmac  

Competition causes reactions like that, and it is good. It was a bubble anyway

mladen:
Or it is a war for the virtual money market already going on : Introducing Ripple, a Bitcoin Copycat - Businessweek