Bitcoin discussion and news

[Jean-Luc]

It seems that others are now getting in on the act:

http://motherboard.vice.com/blog/the-ripple-economy-could-make-bitcoin-great

http://litecoin.org/

Somebody must be making (ordinary) money out of these schemes otherwise why are they being developed?

 

[Idaho]

Ripple is interesting. It's not quite the same thing as bitcoin. It's a sort of IOU exchange. Litecoin is the same, just a slightly different variation. Less intensive computing required and better suited to smaller transactions.

As to why - most are being developed by techies who are hoping their idea will be the next big thing.

 

[fredfelt]

Btcoin drops 50% in 2 days

Coincidence?

Silk Road suffers DDOS attack, TOR said to vulnerable

From that story this made me chuckle. The site's been running for years, so far it seems one person has been arrested after drugs were intercepted in the post. Perhaps there's one million dollars of sales a month. In response to the one arrest:

In a statement, local police said the arrest proved they were "one step ahead" of criminals on online networks.

 

[xes]

DHS have frozen bitcoin money transfers. (well, at least from Dwolla)
http://investmentwatchblog.com/financial-privacy-under-fire-dhs-freezes-bitcoin-money-transfers/

Financial privacy free of government intrusion and interference is dead.
In what seems to be the government’s latest attack on private transactions between individuals, the Department of Homeland Security has shut down funds transfers operated by mobile processing platform Dwolla, which is responsible for managing transfers for the BitCoin digital currency exchange.

More detailed information is a bit lacking at the moment, could this be the begining of the end?
What reasons could they have of closing down these transfers, Illegal activity using bitcoins maybe?

 

[camouflage]

DHS have frozen bitcoin money transfers. (well, at least from Dwolla)
http://investmentwatchblog.com/financial-privacy-under-fire-dhs-freezes-bitcoin-money-transfers/



More detailed information is a bit lacking at the moment, could this be the begining of the end?
What reasons could they have of closing down these transfers, Illegal activity using bitcoins maybe?

omg, pirate bay has been kicked off their internet hosting provider, is this the end of bit-torrent? panic and flee!

fuck dhs anyway, cheap shoddy furniture and always will be.

 

[Dr Jon]

US seizes top Bitcoin exchange as crackdown begins

The fiat money Mafia's sphincters are twitching.

 

[ExtraRefined]

The last time I sold some bitcoins, I met up with someone in a bar in Canary Wharf, sent a text, and got handed an envelope full of twenties. GL stopping that.

 

[camouflage]

The last time I sold some bitcoins, I met up with someone in a bar in Canary Wharf, sent a text, and got handed an envelope full of twenties. GL stopping that.

Those days are over, Facebook-tokens are the way forward, or Google-points, or Mastercard-bucks or whatever. If only you could imagine the Power of British Home Stores.

 

[Dr Jon]

Just spotted this:

Imagine A World With No Banks

 

[Dillinger4]

*bump*

pssst anybody know where I can exchange £s for bitcoins? Or buy any anyway at all?

 

[electroplated]

https://www.bitstamp.net works for me

 

[Dillinger4]

 

[miniGMgoit]

https://www.bitstamp.net works for me

What sort of transfer methods do they use for purchasing?
Can you do online transfers or anything?
Here in Australia you have to deposit cash into the bank in order to get bitcoins. I understand that you don't have that option in the UK. How's it actually done?

 

[electroplated]

I transfer from my bank account to bitstamp, wait for the transfer to clear (about 3 days) then I can use that to buy bitcoins. The whole thing is easy and done online, just annoying that it is not quicker.

 

[miniGMgoit]

I transfer from my bank account to bitstamp, wait for the transfer to clear (about 3 days) then I can use that to buy bitcoins. The whole thing is easy and done online, just annoying that it is not quicker.

Cool, a friend in the UK wants to get some bitcoins. I will tell them to get it via bitstamp then

 

[bi0boy]

I second bitstamp it seems the easiest way, although the bank transfer took 8 days for me and there was the £25 fee my bank charged.

 

[marty21]

http://www.wired.co.uk/news/archive/2013-06/17/london-bitcoin-pub

Now you can buy a pint as well it seems

this pub is down the road from me - I will still pay in cash

 

[marty21]

Article in the guardian today, apparently the Pembury has taken £800 in ale sales by bitcoin, enthusiasts are making special trips there .

 

[Idaho]

Buying drugs with bitcoins. What a novel idea!

 

[Grandma Death]

Im trying to deposit money through the bitcoin android app to silk road. Apologies if this is the wrong thread/forum. I keep gettin an error message saying 'problem sending coins'....any advice?

 

[Grandma Death]

*bump*

pssst anybody know where I can exchange £s for bitcoins? Or buy any anyway at all?

bittylicious

 

[joustmaster]

Im trying to deposit money through the bitcoin android app to silk road. Apologies if this is the wrong thread/forum. I keep gettin an error message saying 'problem sending coins'....any advice?

not used the app, my self.. but is everything ok with the address you are entering? maybe it has a space at the end by accident, or something.

 

[Grandma Death]

not used the app, my self.. but is everything ok with the address you are entering? maybe it has a space at the end by accident, or something.

Yeah tried a few times. Even sending money to my desktop wallet and same problem. Its the app that appears to be the problem.

 

[joustmaster]

Yeah tried a few times. Even sending money to my desktop wallet and same problem. Its the app that appears to be the problem.

have you tried switching it off and on again...


sorry, i don't have any proper suggestions.

 

[Grandma Death]

have you tried switching it off and on again...


sorry, i don't have any proper suggestions.

Yep.
Im finding this frustrating as Im trying to place an order for next weekend. It wont let me send my balance. Im going wait 24 hours and try again.

 

[Divisive Cotton]

It's not been mentioned much in the media but a lot of the key bitcoin exchanges have had their financial lifelines pulled from under them over the last couple of months.

For instance, it used to be reasonably easy to transfer money into mtgox using a service like Dwolla and OkPay but now those providers have pulled out. Now, from Britain, you have to make an international money transfer to a Japanese bank account account. It's a costly and time consuming process.

The value of these exchanges to Bitcoin is that they are the ones that have ended up setting the exchange rates. Although there hasn't been the panic that I would expect and the value of a bitcoin has help up reasonably well.

 

[Grandma Death]

Right Im struggling with this-its still not letting me send me 1bitcoin to an alternative wallet or even silk road. Any help would be appreciated

 

[joustmaster]

Right Im struggling with this-its still not letting me send me 1bitcoin to an alternative wallet or even silk road. Any help would be appreciated

Use a different app, or a computer, or one of those online wallets.

 

[Grandma Death]

Use a different app, or a computer, or one of those online wallets.

I know Im sounding thick here but whats in my wallet isnt being allowed to transfer anywhere-so how would I get it to another app or online service?

 

[joustmaster]

I know Im sounding thick here but whats in my wallet isnt being allowed to transfer anywhere-so how would I get it to another app or online service?

I don't really know. Just offering ideas. I use the application on a PC, and there is a small wallet.dat file that is your key to your account. This is the thing you back up or put on another computer. Is there one of those on the phone?

Might be a good idea to contact the app manufacturer..

Which of the apps do you use?