92 replies to this topic

[Hyperlynx]

This is a phenomenally bad idea, not unlike Bitcoins themselves.

[Syllogy]

Goldmember, on 31 May 2013 - 08:33 AM, said:

The difference is that gold and oil are physical products and you would have to ship them over to PGI. Meanwhile a digital currency is designed for trade on the Internet so the hurdles of handling are not present.

You know what else buys things on the internet without handling it? Money.

If you have bitcoins, exchange them for real currency, and then spend that money.

[Aslena]

I at all of this thanks

[Aurrous]

Syllogy, on 31 May 2013 - 07:49 AM, said:

If PGI accepted other forms of commodity trade, I will start paying them in bacon. Much cheaper than buying MC with cash, and still more valuable than bitcoins.

I thought bacon was real currency in some parts of Canada..

[MechFrog1]

This is the worst idea since making the Flea a playable mech.

[LoneKipper]

Seeing as PGI probably don't want to buy drugs or pictures of children, I don't think they'd be interested in taking bitcoins.

[Vasces Diablo]

Goldmember, on 31 May 2013 - 03:15 AM, said:

The bitcoin value in USD is now quite stable

Calling a "currency" that has the backing of no recognized government authority stable.... Yeah, you lost me there.

Not that I don't love the concept of bitcoin, but make no mistake: it's a commodity, not a currency.

[Goldmember]

Rytheo, on 31 May 2013 - 08:38 AM, said:

Bit coins literally climbed to 8x their starting value and dramatically collapsed back down to 130 dollars a butt in the space of 4 months, if thats stable man whats your definition of unstable?

What you should be asking is what is my definition of now. The answer is that it is not things that happened back in the days of the Cyprus crisis when the Russians fled the Cyprus banks (or the rumour of it) with the following speculation, that is history.

LoneKipper, on 31 May 2013 - 10:45 AM, said:

Seeing as PGI probably don't want to buy drugs or pictures of children, I don't think they'd be interested in taking bitcoins.

Most people I know use bitcoins to buy graphics cards. I dont know what people you hang out with.

Vasces Diablo, on 31 May 2013 - 11:32 AM, said:

Not that I don't love the concept of bitcoin, but make no mistake: it's a commodity, not a currency.

It is both obviously. It is better as a commodity, I agree, but that could change.

[Sephlock]

Aurrous, on 31 May 2013 - 10:25 AM, said:

I thought bacon was real currency in some parts of Canada..

That's not Bacon, it's HAM! -- I'm really sad I couldn't find a clip of Johnny Bravo saying that .

[Slashmckill]

Syllogy, on 31 May 2013 - 07:49 AM, said:

If PGI accepted other forms of commodity trade, I will start paying them in bacon. Much cheaper than buying MC with cash, and still more valuable than bitcoins.

I'd prefer to use Bison Dollars over Bacon, It's money you can trust! (also i'd rather eat the bacon than trade it.... mmmmm baaaacon.)

Edited by Slashmckill, 31 May 2013 - 01:58 PM.

[Rytheo]

Goldmember, on 31 May 2013 - 12:48 PM, said:

What you should be asking is what is my definition of now. The answer is that it is not things that happened back in the days of the Cyprus crisis when the Russians fled the Cyprus banks (or the rumour of it) with the following speculation, that is history.

The cause really doesn't matter though, and since this has not been the first major bubble and won't be the last it seems really short sighted for you to pretend its the cause of wholly temporary phenomena. (also since the baseline was at 30$ per bitcoin in january and february when that money moves out of bitcoin permanently the shares will massively fall again)

Massive volatility like that for whatever the reason completely undermines the bitcoins function as a currency.

[Hammerfinn]

Isn't this the gig that's getting investigated for money-laundering?

[Sephlock]

Hammerfinn, on 31 May 2013 - 02:04 PM, said:

Isn't this the gig that's getting investigated for money-laundering?

What, you don't want your money to be clean?

[Sephlock]

https://en.bitcoin.it/wiki/Weaknesses

[Sephlock]

http://www.csoonline...ight-on-bitcoin
Online money laundering bust casts light on Bitcoin

Already, an illegal drug site accepts Bitcoins, but experts say it is unlikely to fill the void for cyberiminals left by Liberty Reserve

inShare4

» 1 Comment
By Antone Gonsalves


May 30, 2013 — CSO — The take-down of Liberty Reserve, which authorities described as a multibillion-dollar online money-laundering operation, raises the question whether Bitcoin could evolve into an alternative for cybercriminals.
The U.S. attorney's office in New York on Tuesday unsealed an indictment against the operators of Liberty Reserve, which provided the financial infrastructure for criminal activity ranging from credit-card fraud and identity theft to child *********** and narcotics trafficking. Five of the seven defendants, including founder Arthur Budovsky, were in custody in Spain, Costa Rica and New York.
What made Liberty Reserve so successful was the anonymity it provided its users. The company's complex system used third-party exchangers that actually handled the transactions and credited or debited Liberty Reserve accounts. As a result, Liberty Reserve collected no banking information.
With Liberty Reserve out of business, what else could support anonymous transactions? The answer is decentralized online currency, such as Bitcoin.

[LordBraxton]

I was on the deepweb at a public library once

you can buy pretty much ANYTHING with bitcoins

like slaves

or mountains of *heroin

Edited by LordBraxton, 31 May 2013 - 07:40 PM.

[Hobietime]

Aurrous, on 31 May 2013 - 10:25 AM, said:

I thought bacon was real currency in some parts of Canada..

Don't be ridiculous! That's maple syrup.

But seriously, why would you want to spend bitcoins on MW:O? I mean, it's not like you need to hide video game addiction from the government.

[Sephlock]

Hobietime, on 31 May 2013 - 07:58 PM, said:

Don't be ridiculous! That's maple syrup.

But seriously, why would you want to spend bitcoins on MW:O? I mean, it's not like you need to hide video game addiction from the government.

You do if you live in China (or Korea).


*edit* or Vietnam. Wow. In Asia, they no love video games LONG time..

Edited by Sephlock, 31 May 2013 - 08:05 PM.

[POOTYTANGASAUR]

Goldmember, on 31 May 2013 - 03:15 AM, said:

The bitcoin value in USD is now quite stable and many online vendors are accepting this currency as payment purchases. There are a few loops to jump through to sell the bitcoins and transfer them to your bank account, especially for users living in countries outside the US.

At the same time most coins are mined using powerful GPUs, so I suspect that a lot of the miners are playing this game, and would love spending the coins here rather than losing a large portion to transfer fees etc.

Take all this together, and I think that you have a great potential for making money by accepting bitcoins as payment for MC.

"stable" there was a crash that made many people lose all or alot of their bitcoins im not ******* with any currency like that until it is actually "stable" and im hoping they don't allow bitcoin because of its constant change they would have constant changes in game which would often need a patch

[Sephlock]

How about World Of Warcraft gold, then? http://www.geek.com/...ective-1106111/

• There are roughly 11.5 million WoW subscribers around the world. That’s more than the population of Cuba or New York City.
  
• North American and European players produce $800 million per year in revenue, larger than the GDP of Samoa. This figure doesn’t include the other 5.5 million subscribers in Asia who make up 48% of WoW’s players.
  
• Subscribers in America spend an average of 22.7 hours a week playing WoW as opposed to 35 hours at work and 39.25 hours watching TV.