https://www.spendbitcoins.com/places/
I glanced through that site. I didn't see a single thing that would interest me.
I glanced through that site. I didn't see a single thing that would interest me.
BitCoin - Intellectual Fraud or a Stunning Idea??
- Thread starter gmst
- Start date
It is very fair from working. Mt. Gox was down for an hour today, and generally it is very hard to get approved for an account. bitcoin-central has been down since BTC reached 100$. For the average person it takes a great deal to try to find an exchange what one can use and trust.
http://www.reddit.com/r/Bitcoin/comments/1bl32i/it_appears_that_mtgox_is_down_ive_got_nothing_on/
Bottomline is, it is like the wild,wild West out there in the early days. The so many not very well established exchanges are not all trust worthy. Some can and will disappear overnight. The secrecy encourages fraud and the decentralization doesn't help charge backs...
3 years from now we can get back to the topic of Bitcoin working or not...
You're missing the point. The purpose of BTC isn't to be exchanged for USD or EUR. It's for buying and selling goods and services directly.
Yes, it's not there yet. But as has been pointed out already, it's the wild west. A major financial crisis (bigger than the US bank bailout, bigger than the Cypriot haircut) may push things in that direction when so-called "real" currencies will become nearly worthless.
Yes, it's not there yet. But as has been pointed out already, it's the wild west. A major financial crisis (bigger than the US bank bailout, bigger than the Cypriot haircut) may push things in that direction when so-called "real" currencies will become nearly worthless.
I am not missing anything. And you are right, it should be a currency, instead of an investment vehicle.
And that was my point in the other thread, as long as my coins appreciate 20% in a day,the hell for sure I am not spending them, but saving.... Once volatility dies down, we can start to talk about its currency status...
Sierrachart announced integration of bitcoin as a trading service at some future date. I guess that means we would have a bitcoin account and we could trade about anything with it? I have an IB account and I can trade a zillion different things with it but it's limited to financial instruments...
Hey guys get this, you can have a negative commission with Bitcoin:
"If you place limit orders, consider bitfloor. They have a "maker/taker" fee structure, and if you're a maker, that is if you place a limit order that is not immediately executed, your commission when the order is filled is -.1%. That's right, a negative commission. bitfloor is paying you to provide liquidity."
"If you place limit orders, consider bitfloor. They have a "maker/taker" fee structure, and if you're a maker, that is if you place a limit order that is not immediately executed, your commission when the order is filled is -.1%. That's right, a negative commission. bitfloor is paying you to provide liquidity."