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11-29-2013, 11:12 AM
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#301 | | My homepage has been set to RS
Join Date: Jun 2006 Location: Deutschland
Posts: 2,402
Thanked 900 Times in 387 Posts
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| Quote:
Originally Posted by StevenDuang  over 60k worth of NMC -.- and FTC is not worth much so that's okay... 1200 LTC is 45,6 as well... damn. | 30000 FTC bought at $0.09, now worth what? Like $1.20? That's HUGE.
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FOR SALE: 14'' MR2 MK1 wheels with 90% rubber $130, FD RX7 Transmission $200, Hitch Mount Snowboard/Ski rack w/ THULE clamps, locks $200. PM me for details!
If this is still in my sig, it's still avail.
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11-29-2013, 11:49 AM
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#302 | | Captain Happy Bubble is my Homeboy
Join Date: Feb 2009 Location: Around the Town
Posts: 303
Thanked 65 Times in 29 Posts
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so are people here mining.. or just buying and selling?
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CA_FTW Says ^^^^^^^^^^
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11-29-2013, 12:06 PM
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#303 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 39,479
Thanked 16,089 Times in 6,561 Posts
Failed 2,165 Times in 747 Posts
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PPC/USD just got on BTC-E time to get on it?
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11-29-2013, 12:13 PM
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#304 | | Zombie Mod
Join Date: Aug 2003 Location: Langley
Posts: 9,937
Thanked 5,256 Times in 1,582 Posts
Failed 120 Times in 54 Posts
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I think it's overpriced, but I bought in anyways. PPC going USD may cause a frenzy.
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Romans 10:9 | |
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11-29-2013, 01:11 PM
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#305 | | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
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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.
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Fast, Reliable, Cheap
A car can be only 2 out of the 3.
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11-29-2013, 01:27 PM
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#306 | | Need to Seek Professional Help
Join Date: Mar 2007 Location: Richmond
Posts: 1,098
Thanked 206 Times in 71 Posts
Failed 68 Times in 16 Posts
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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.
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:o
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11-29-2013, 02:17 PM
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#307 | | 14 dolla balla aint got nothing on me!
Join Date: Jun 2005 Location: pew pew lazer
Posts: 663
Thanked 20 Times in 15 Posts
Failed 2 Times in 2 Posts
| Quote:
Originally Posted by xpl0sive 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. | 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. Posted via RS Mobile | |
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11-29-2013, 03:26 PM
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#308 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,194
Thanked 1,343 Times in 629 Posts
Failed 66 Times in 38 Posts
| Quote:
Originally Posted by dna82 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.
Posted via RS Mobile | 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?
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11-29-2013, 04:12 PM
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#309 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 54,722
Thanked 25,608 Times in 8,971 Posts
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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.
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11-29-2013, 04:19 PM
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#310 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,640
Thanked 4,144 Times in 1,261 Posts
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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.
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I'm old now - boring street cars and sweet race cars. | |
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11-29-2013, 04:22 PM
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#311 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 54,722
Thanked 25,608 Times in 8,971 Posts
Failed 1,572 Times in 718 Posts
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because btcchina is in english 
It's only a 100 RMB difference anyway
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11-29-2013, 07:10 PM
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#312 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
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Hmm...
Reading and alot of people think China has already begun stockpiling Bitcoins.
interesting.
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11-29-2013, 09:39 PM
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#313 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 54,722
Thanked 25,608 Times in 8,971 Posts
Failed 1,572 Times in 718 Posts
| Quote:
Originally Posted by subordinate 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
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11-29-2013, 10:11 PM
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#314 | | Diagonally parked in a parallel universe
Join Date: Jun 2010 Location: bc
Posts: 1,483
Thanked 1,730 Times in 374 Posts
Failed 362 Times in 92 Posts
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Its been over a week since I tried to get verification for level 2 and nothing has happened... Has anyone had any luck recently?
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Our greatest glory is not in never falling, but in rising every time we fall.
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11-29-2013, 10:42 PM
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#315 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 39,479
Thanked 16,089 Times in 6,561 Posts
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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
Posted via RS Mobile | |
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11-29-2013, 11:32 PM
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#316 | | I want to be a person and not an icon.
Join Date: Jan 2010 Location: Mugello
Posts: 4,179
Thanked 5,286 Times in 892 Posts
Failed 829 Times in 182 Posts
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Originally Posted by SkinnyPupp 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 | The trollbox on BTC-E is hilarious.
I watched them egg people on for days to dump coins hahahaha.
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11-30-2013, 01:15 AM
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#317 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 54,722
Thanked 25,608 Times in 8,971 Posts
Failed 1,572 Times in 718 Posts
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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!  | |
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11-30-2013, 12:50 PM
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#318 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
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Anyone selling bitcoin locally?
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ATTACK
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11-30-2013, 02:44 PM
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#319 | | My homepage has been set to RS
Join Date: Jun 2006 Location: Deutschland
Posts: 2,402
Thanked 900 Times in 387 Posts
Failed 395 Times in 107 Posts
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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.
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FOR SALE: 14'' MR2 MK1 wheels with 90% rubber $130, FD RX7 Transmission $200, Hitch Mount Snowboard/Ski rack w/ THULE clamps, locks $200. PM me for details!
If this is still in my sig, it's still avail.
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11-30-2013, 03:08 PM
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#320 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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lol e-currency now looking like the Wild West of penny stocks with dedicated pumping/dumping (more so for the Bitcoin spin offs)
Posted via RS Mobile | |
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11-30-2013, 03:15 PM
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#321 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,194
Thanked 1,343 Times in 629 Posts
Failed 66 Times in 38 Posts
| Quote:
Originally Posted by falcon 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. | Where can you buy Quarkcoins? Posted via RS Mobile | |
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11-30-2013, 04:18 PM
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#322 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
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How do you get into to this bitcoin thing? But it sure looks like an easy way to retire.
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11-30-2013, 04:59 PM
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#323 | | I AM
Join Date: Apr 2009 Location: Vancouver
Posts: 1,466
Thanked 1,329 Times in 294 Posts
Failed 149 Times in 42 Posts
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BTC being used to sell dope etc...lolol
Posted via RS Mobile | |
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11-30-2013, 05:02 PM
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#324 | | Banned By Establishment
Join Date: Mar 2002 Location: Vancouver
Posts: 7,413
Thanked 660 Times in 199 Posts
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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
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Why are you reading this? | |
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11-30-2013, 05:03 PM
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#325 | | 14 dolla balla aint got nothing on me!
Join Date: Jun 2008 Location: Richmond
Posts: 679
Thanked 236 Times in 90 Posts
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Originally Posted by SkinnyPupp https://twitter.com/coinbase/statuse...79640341917696
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! | 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? Posted via RS Mobile | |
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