30000 FTC bought at $0.09, now worth what? Like $1.20? That's HUGE.

so are people here mining.. or just buying and selling?

PPC/USD just got on BTC-E time to get on it?
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I think it's overpriced, but I bought in anyways. PPC going USD may cause a frenzy.

thanks for the explanations. I'm not saying that it's not a worthwhile investment, I just don't get exactly how it works, that's why I'm asking you experts :)

So the simple version is:

A person has a code stored on their computer or printed on paper. they say they want $10 for that code, for example. some one gives them $10 for it. Then that person goes to the next person and say they want $20 for that same code. Am I on the right track?

What I don't get is how do the retailers who accept these "codes" know that they will be able to get their money out? Say they have an item that they normally sell for $100. They took payment in 5 "codes" worth $20 each. Next day, the "codes" are only worth $10 each, seems to me that these "codes" fluctuate a lot. So essentially, the retailer takes a loss because they chose to accept "codes" for payment instead of actual currency. I think that maybe why only a handful of retailers are accepting these "codes" as form of payment. Regular currency doesn't fluctuate a whole lot, because governments do their best to make sure their money doesn't drop in value overnight.

Gonna drop buy waves to buy some BTC today. Buying online seems to take a while. =/

What do you guys use to buy BTC online.

Your describing a double spend attack. Once you trade a bitcoin it asks miners to process the transaction and to check if this particular bitcoin transaction has not already been sent. This is known as confirmations. 6 confirmations is legit, 3 is 99% legit. However, a successful attack on bitcoins will fork the network and the attackers bitcoins will be legit and all others will be considered illegitimate. Known as double spending.
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You seem to be pretty well in the know lol have you sold any in China and how did it go?

Was it easy to convert the RMB back to CAD?

Curious to know if anyone has successfully deposited to a bank from btcchina.com.. how smooth was the process, etc

Because if I ever do sell any, it'll be through there.

Why not OKCoin? They typically have a price premium for BTC. We are doing a test with OKCoin and BTCChina early next week, Bitstamp verification just finished today so we sent off a wire.

because btcchina is in english :fuckthatshit:

It's only a 100 RMB difference anyway

Hmm...
Reading and alot of people think China has already begun stockpiling Bitcoins.

interesting.

There are constantly rumors like that, people pumping and dumping. It's even more hilarious when they do it with altcoins.. go watch the trollbox on BTC-E it's actually pretty funny sometimes

Its been over a week since I tried to get verification for level 2 and nothing has happened... Has anyone had any luck recently?

Pretty sure it took me over a week with cavirtex, I guess it's understandable that their process is taking longer because a lot of people are probably interested in it
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The trollbox on BTC-E is hilarious.

I watched them egg people on for days to dump coins hahahaha.

This is a big deal. If you have LTC, hang onto it. This should drive the price back up to $50 or more

Technically, LTC has the potential to be 25% the price of BTC, since there is 4X as much of it out there... If it's traded on the big exchanges, who knows! :awwyeah:

Anyone selling bitcoin locally?

Anyone following or mining Quarkcoin? It's raised from $0.02 to $0.30 very quickly. Talk of it being added to BTC-e and one of the China exchanges.

lol e-currency now looking like the Wild West of penny stocks with dedicated pumping/dumping (more so for the Bitcoin spin offs)
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Where can you buy Quarkcoins?
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How do you get into to this bitcoin thing? But it sure looks like an easy way to retire.

BTC being used to sell dope etc...lolol
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16x9 on Global is doing a story about bitcoins tonight or you can watch it now with this link
16x9 | Global News

What was the tweet about? I just get an error when I try to load it. Roommates and I all decided to get in on LTC last week, what else is a university student to do while trying to study?
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