[X] My Assistant

Considering I'd lose like 33% of the donation from fees, I'd want to have 1 Bitcoin to make up for it.

That's why I asked Tenboro for a wallet address so i can send him the Bitcoin's directly, Avoiding all fee's 100%!

You lose approximately 0% from straight Bitcoin donations.
Forbes had an [www.forbes.com] op-ed on that. Considering how many other "alternate" currencies there are, a ban that singles out Bitcoins would be a quite exceptional validation of the whole system.

The problem is the transfer from real money to bitcoin. The transfer process has a fee of like 35 USD total? 10 from the bitcoin vendor and then the bank fee?

Unless someone has a suggestion on a cheaper alternative instead of a bank transfer.

Heck, can I just mail tenby a check for like 100 USD worth of bitcoins and then transfer that?

Or to anyone else who wants to sell me 100 USD worth of bitcoins by check >.>

This post has been edited by MikukoAya: Feb 28 2013, 03:19

Another note on the Forbes article: If the US somehow banned all sites from converting bitcoins to USD, people would still be able to do "in person" transactions for cash.

There's sites like this for instance:
[localbitcoins.com] https://localbitcoins.com/

The problem is the transfer from real money to bitcoin. The transfer process has a fee of like 35 USD total? 10 from the bitcoin vendor and then the bank fee?

Unless someone has a suggestion on a cheaper alternative instead of a bank transfer.

Heck, can I just mail tenby a check for like 100 USD worth of bitcoins and then transfer that?

Or to anyone else who wants to sell me 100 USD worth of bitcoins by check >.>

Err... I can see that being a problem with customs. Could try a E-Bank email transfer?

Err... I can see that being a problem with customs. Could try a E-Bank email transfer?

Can you explain how that works? 0_o

Btw, 10 usd would be about 0.33 Bitcoins right? I'm not monitoring the exchange rates that closely.

This post has been edited by MikukoAya: Feb 28 2013, 18:49

You can check MtGox's main page. At the very top, they display the highest, lowest, and average cost for 1 BTC. it's constantly fluctuating, which is why Tenboro has to add 10% margin value to the amount of BTC you donated to him. But it should cost ~30 USD for 1 BTC.

Edit: Just to clarify, that's the value of BTC for MtGox. Different exchanges might have different values, just as one currency exchange agency might have a different value from another. I just chose MtGox since Tenboro's using it, and they displayed the values for easy reference.

This post has been edited by Valkrey: Feb 28 2013, 19:12

Currently around the 33:1 $/BC mark

This post has been edited by Herp in your Derp: Feb 28 2013, 19:33

Tenboro, I sent you a PM asking for a wallet for direct transfer. Oh, you already saw it.


Just spent like 110 USD to buy bitcoins. Hopefully the exchange won't kill my coins x.x

At work so I have to wait for this stupid thing to sync

Now at 96% x.x I wonder if...

x.x It might be faster to just wait till I go home... Hmmm..... collect my dawn now or wait and risk it...

I'm probably going to lose so much of my btc from the exchange process and the rise/fall but meh. If I can get a gold star then I'm happy.

Does Tenboro like VGcats? Cus I swear his icon reminds me of VGCats.

This post has been edited by MikukoAya: Mar 1 2013, 02:18

Forbes had an [www.forbes.com] op-ed on that. Considering how many other "alternate" currencies there are, a ban that singles out Bitcoins would be a quite exceptional validation of the whole system.

If any of the other alternate currencies become successful enough that you can actually use them, then I would expect them to be targeted too.

If it works for now, then fine, but I don't see any convincing argument in that article that total war can't occur. He in effect tells governments, "You can't win, so don't start", and they don't tend to go for that one.

Besides lobbying, fear of the unknown is another reason they'd try to ban new transaction processing systems. They don't want to allow that scenario he hopes for, where they lose all ability to track income and transactions, under any circumstances.

Another note on the Forbes article: If the US somehow banned all sites from converting bitcoins to USD, people would still be able to do "in person" transactions for cash.

...and if your local government had been persuaded to ban it, in-person transactions would be illegal too, and there would be stings.

The statement I was responding to was, "At least PayPal can't fuck with this one." I'm thinking that PayPal will pull out all the stops to fuck with it, since their very survival depends on it.

This post has been edited by mechafujoshi: Mar 1 2013, 02:26

If any of the other alternate currencies become successful enough that you can actually use them, then I would expect them to be targeted too.

If it works for now, then fine, but I don't see any convincing argument in that article that total war can't occur. He in effect tells governments, "You can't win, so don't start", and they don't tend to go for that one.

Besides lobbying, fear of the unknown is another reason they'd try to ban new transaction processing systems. They don't want to allow that scenario he hopes for, where they lose all ability to track income and transactions, under any circumstances.
...and if your local government had been persuaded to ban it, in-person transactions would be illegal too, and there would be stings.

The statement I was responding to was, "At least PayPal can't fuck with this one." I'm thinking that PayPal will pull out all the stops to fuck with it, since their very survival depends on it.

Paypal will freeze your account if they find out that you are using paypal to buy bitcoins >.>

Granted, paypal will freeze your account for just about anything...

It cost me like 110 usd to send like only a few Bitcoins x.x It feels too darn expensive.

This post has been edited by MikukoAya: Mar 1 2013, 12:01

It cost me like 110 usd to send like only a few Bitcoins x.x It feels too darn expensive.

Would you feel better if you could get a hundred bitcoins for $100? It doesn't matter how much one bitcoin costs when you use it as a transfer mechanism.

Incidentally, the first withdrawal hit my bank account today. So far so good. Hopefully I'll have time to work on the donation interface and instant payment notification stuff this weekend. When that's all done, you won't even have to PM me for anything unless you want to do a direct donation.

Would you feel better if you could get a hundred bitcoins for $100? It doesn't matter how much one bitcoin costs when you use it as a transfer mechanism.

Incidentally, the first withdrawal hit my bank account today. So far so good. Hopefully I'll have time to work on the donation interface and instant payment notification stuff this weekend. When that's all done, you won't even have to PM me for anything unless you want to do a direct donation.

That might be true but it just feels so demotivating to see the numbers go down, lol.

But meh, the end result is what is important XD

That might be true but it just feels so demotivating to see the numbers go down, lol.

But meh, the end result is what is important XD

Yep, you've got your star and I'm working on mine. My bank is even more sharky than yours (probably because it's regional and uses more intermediaries). It would cost me about $57 in fees (including the 1k Yen fee on Mt Gox's side) to move $100 there. Needless to say I'm looking for ways around that. Dwolla looks to be useable once I get my scanner out of the moving box. Right, need a Verified account, about that. . .

I find it frustratingly ironic that to actually use a currency that's in part designed to avoid having to go through a pile of clunky financial systems. . . I have to go through a pile of clunky financial systems, or find a bill addressed to me. Given that none of the utility accounts on this apartment are in my name, Mt. Gox won't take bank statements, and all of my employers except one are utterly incompetent at updating addresses, this is gonna be fun.

Edit: Fortunately, I just found the letter I'm looking for, and at least they aren't functionally retarded. Might actually be able to do this then.

This post has been edited by PK678353: Mar 2 2013, 00:55

It looks like the [support.mtgox.com] support page of Mt.Gox recommends [www.aurumxchange.com] AurumXchange ("AurumXchange is an official funding partner of MtGox.") as some alternative method to transfer money into your/a Mt.Gox account. Most the options to add funds as I've seen on the Mt.Gox sites either seem to be a bit of a hassle and time consuming, more so when I'm currently not even in the same country as my bank. The mining system almost looks like it could potentially screw over my monthly data limit.
Also: From what I understand of the support page, we may be able to use VISA and Mastercard sometime in August or September (estimate).

If the bitcoin system currency is relatively new, there's a good chance the value of each bitcoin will increase some more the upcoming few months due to demand and its limited supply. It seem to currently be at roughly 35 USD for 1 BTC.

It's steadily increase in ER is not so much age, rather that it has come into more public prominence lately. It's already experienced both substantial valuations and devaluations in the past.

Yep, you've got your star and I'm working on mine. My bank is even more sharky than yours (probably because it's regional and uses more intermediaries). It would cost me about $57 in fees (including the 1k Yen fee on Mt Gox's side) to move $100 there. Needless to say I'm looking for ways around that. Dwolla looks to be useable once I get my scanner out of the moving box. Right, need a Verified account, about that. . .

I find it frustratingly ironic that to actually use a currency that's in part designed to avoid having to go through a pile of clunky financial systems. . . I have to go through a pile of clunky financial systems, or find a bill addressed to me. Given that none of the utility accounts on this apartment are in my name, Mt. Gox won't take bank statements, and all of my employers except one are utterly incompetent at updating addresses, this is gonna be fun.

Edit: Fortunately, I just found the letter I'm looking for, and at least they aren't functionally retarded. Might actually be able to do this then.

Good luck!

Oh? More convenient payment options may be available if I verify my account humanity first?
The verification with a scan seem to be my current obstacle. I guess I'll have to somehow get shit scanned to get my star support our lovely Tenboro.

It seems the only way for me to add funds to Mt.Gox is through bank transfer, and this appears to come with hefty fees attached. (IMG:[invalid] style_emoticons/default/dry.gif) I guess I'll have to look for another way...

A few years ago i thought about mining coins but after much research it turned out to be worthless since there are/were loads of Russians with low watt GPU's and server racks full of cheap mobo's just running continuaslly farming everything and then buying more hardware with it to increase their output leaving all the personal computer users with almost nothing to show for their long wait.

Looking at the bitcoin-USD exchange rate history, it appears that acquiring just 1 bitcoin today might just fund an entire gold star donation by the end of April. As long as you held onto it until then. (IMG:[invalid] style_emoticons/default/smile.gif) Although it might not do that at all...

Hmmm...this could get interesting for this little community.