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Can't people in the UK just use US sites likes CampBX or Bitcoin-24 etc for buying and selling? I don't see why we need a GBP-based service as the currency conversions should be trivial.
 
The weekly coin dump:

fDrxAMi.png
 
Idaho said:
The easiest way is to go here: http://bitcoin.org/en/choose-your-wallet

BitcoinQT is the basic. You can install that on your machine, and it will give you addresses to send your bitcoin too.

These wallets will need to be opened and run, so that they synch with the "blockchain" - the list of transactions.
Click to expand...
I just got my wallet but I dunno what to do with it now.
EDIT-I just opened my wallet and it is syncronizing with network, looks like it' s gonna take ages cos of all those 'blocks' whatever they are.
Anyone know how I find my wallet address?
Do I have to wait till it's finished synchronizing before I buy?
Thanks
 
Yes - that wallet is like an email client, if you will. When you buy bitcoins, you can generate an address for people to send to you. When you first open that wallet it may take an hour or so for it to catch up with the block chain.

But please do a lot more reading. I know it makes your head hurt - it did mine. But don't buy without understanding it.
 
sleaterkinney said:
Do you have to pay CGT on profits or does it count as a currency transaction?
Click to expand...

You have to pay CGT on currency trade profits too - if the currency was bought with the intention of speculating.

The good news is that the CGT allowance for the year is £10k per person.
 
Idaho said:
Yes - that wallet is like an email client, if you will. When you buy bitcoins, you can generate an address for people to send to you. When you first open that wallet it may take an hour or so for it to catch up with the block chain.

But please do a lot more reading. I know it makes your head hurt - it did mine. But don't buy without understanding it.
Click to expand...
On Wiki, it tells you how to secure paper and hardware wallets, but not software ones, please could you signpost me to instructions on how to secure my bitcoin-qt wallet?
Thanks

PS please ignore, I just found it. I'm getting tired now lol
 
I just read 'securing your qt wallet', and it hasn't gone in at all-I cannot make sense of it.
Sounds like you gotta be really careful as well in case you lose coins.
It doesn't tell you how to back up the wallet though, but it seems necessary.
Looks like I am gonna be up all night waiting for this wallet to sync.
 
Thanks. Please could you signpost me to instructions for backing up my wallet, there is none on wiki?
It says on wiki "Do connect the bitcoin client and IRC via Tor.", how do I do that, i am currently in firefox and didn't have to do anything with my browser to open bitcoin qt.
Sorry for all the ?'s
 
junglevip said:
Is that all?
Click to expand...

No, I can't type.

For some context here; USD M1 money supply is about $2.4 tn. US GDP is about $15.9 tn. If bitcoins were used for even 10% of drug transactions at a similar velocity, bitcoins would be worth on this alone a total of $40 bn, or at least $2,000 each.
 
ExtraRefined said:
No, I can't type.

For some context here; USD M1 money supply is about $2.4 tn. US GDP is about $15.9 tn. If bitcoins were used for even 10% of drug transactions at a similar velocity, bitcoins would be worth on this alone a total of $40 bn, or at least $2,000 each.
Click to expand...

Nice...
 
ExtraRefined said:
No, I can't type.

For some context here; USD M1 money supply is about $2.4 tn. US GDP is about $15.9 tn. If bitcoins were used for even 10% of drug transactions at a similar velocity, bitcoins would be worth on this alone a total of $40 bn, or at least $2,000 each.
Click to expand...
Rick Falkvinge of the Pirate party has said if it gets 1% of the forex trade a bitcoin will be worth about a 1,000,000 usd
 
DrRingDing said:
They'd have to find a way of shutting down Tor.
Click to expand...

When all else fails there is 'sneaker net'. Its also possible to create local private networks, there is too much comms gear out there to prevent those that want to use it from doing so imo
 
DrRingDing said:
Hi Grit,

I the information can be found in the previous posts. If you have any further questions please feel free to email me.

Kind regards,

RingDing
Click to expand...

I don't have to read them to tell you its complete Fuck all tbh.
 
junglevip said:
Rick Falkvinge of the Pirate party has said if it gets 1% of the forex trade a bitcoin will be worth about a 1,000,000 usd
Click to expand...

That's like saying "If just one in a hundred people in the UK buy my special tulip bulb, I'll be a millionare - think how many people have gardens or window boxes!"
 
bi0boy said:
That's like saying "If just one in a hundred people in the UK buy my special tulip bulb, I'll be a millionare - think how many people have gardens or window boxes!"
Click to expand...

Or like saying 'If my granny had balls she'd be my grandad' I feel RV knows a bit more about virtual currency than you do about horticulture
 
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