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  1. #81
    Join Date
    Sep 2007
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  2. #82
    Join Date
    Feb 2007
    Location
    New Jersey

    eBay Now Accepting Bitcoin!

    Didn't someone ask on another thread whether they could buy the Duke Championship ring being auctioned on eBay using Bitcoins?

    Well, almost...

    http://bits.blogs.nytimes.com/2014/0...core-ipad&_r=0

    Braintree, the payments processing company owned by eBay, said Monday that its customers would soon be able to accept Bitcoin, the digital currency popular in some tech and finance circles.

    The company, which eBay bought for $800 million in cash one year ago, is considered a more developer-friendly division of PayPal, eBay’s online payments behemoth. Many of Braintree’s clients are tech start-ups like Uber, Airbnb and TaskRabbit, businesses that are looking for easy ways to integrate payments into their products for a low cost.
    Rich
    "Failure is Not a Destination"
    Coach K on the Dan Patrick Show, December 22, 2016

  3. #83

  4. #84
    Join Date
    Sep 2007
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    Undisclosed
    Bank robbery in the Twenty-first Century:

    http://money.cnn.com/2016/08/03/tech...ked/index.html

  5. #85
    Join Date
    Feb 2007
    Location
    Orlando, FL
    Quote Originally Posted by OldPhiKap View Post
    Bank robbery in the Twenty-first Century:

    http://money.cnn.com/2016/08/03/tech...ked/index.html
    I read that this morning and immediately thought of you. Hope your bitcoins are safe
    Coach K on Kyle Singler - "What position does he play? ... He plays winner."

    "Duke is never the underdog" - Quinn Cook

  6. #86
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by tbyers11 View Post
    I read that this morning and immediately thought of you. Hope your bitcoins are safe
    They're plenty safe. I buried them in the back yard.

  7. #87
    Join Date
    Feb 2007
    Location
    Orlando, FL
    Quote Originally Posted by OldPhiKap View Post
    They're plenty safe. I buried them in the back yard.
    That's a great idea. The hackers will never look there.
    Coach K on Kyle Singler - "What position does he play? ... He plays winner."

    "Duke is never the underdog" - Quinn Cook

  8. #88
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by tbyers11 View Post
    That's a great idea. The hackers will never look there.
    Do these folks somehow need to launder their stolen bitcoins? Given that they are unique, aren't they instantly identifiable if spent?

    You could buy a hell of a lot of car washes for $65 mil.

  9. #89
    Join Date
    Feb 2007
    Location
    The City of Brotherly Love except when it's cold.
    Quote Originally Posted by OldPhiKap View Post
    Bank robbery in the Twenty-first Century:

    http://money.cnn.com/2016/08/03/tech...ked/index.html
    Always keep a reasonably up to date paper copy of any and all financial account(s) that you cannot afford to lose. I'm not kidding.

  10. #90
    Quote Originally Posted by OldPhiKap View Post
    Do these folks somehow need to launder their stolen bitcoins? Given that they are unique, aren't they instantly identifiable if spent?

    You could buy a hell of a lot of car washes for $65 mil.
    "Instantly" isn't quite right, but on those whole, yes. People often erroneously describe Bitcoin and certain other cryptocurrencies using blockchains as anonymous, when in reality Bitcoin is perhaps the least anonymous currency in existence - that's fundamental to the mechanics of the blockchain ledger. There is just a layer of separation between wallet and wallet owner that obscures owner identity.

    I haven't looked into it in a while but there was at least one service available that could be used for enhancing wallet privacy (and facilitating laundering) by acting as an intermediary between many users, splitting coins in many transactions such that wallets could be identified as part of a large network of transactions but the actual transaction of interest would be obscured.

  11. #91
    alteran is offline All-American, Honorable Mention
    Join Date
    Feb 2007
    Location
    Durham-- 2 miles from Cameron, baby!
    Quote Originally Posted by BLPOG View Post
    "Instantly" isn't quite right, but on those whole, yes. People often erroneously describe Bitcoin and certain other cryptocurrencies using blockchains as anonymous, when in reality Bitcoin is perhaps the least anonymous currency in existence - that's fundamental to the mechanics of the blockchain ledger. There is just a layer of separation between wallet and wallet owner that obscures owner identity.
    Yeah, but the layer between the wallet and the wallet owner is what we would typically think of as anonymity. We may know the Bitcoin involved is stolen, but we don't know whose hands actually did the stealing.

  12. #92
    Join Date
    Feb 2007
    Location
    New Jersey
    I don't know about you, but I'm going all in...

    https://www.yahoo.com/news/bitcoin-j...or.html?ref=gs
    Rich
    "Failure is Not a Destination"
    Coach K on the Dan Patrick Show, December 22, 2016

  13. #93
    Join Date
    Sep 2007
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    Undisclosed

  14. #94
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Quote Originally Posted by OldPhiKap View Post
    I am starting to think the bitcoin thing may not be all that great at protecting your money.
    Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?

  15. #95
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Seeing as this is the bitcoin collector thread...

    I found this column amusing. It is titled: "All this bitcoin stuff is fake"

    Instead of telling me computer words about what these digital currencies are, tell me this: Is it better than cash? That I hold in my hand? That buys me a burrito? That buys me a basketball? That buys me a house? That buys me a fighter jet? Is it better than that? No it is not. You are engaged in a massive global act of speculation that will inevitably crash and burn and leave people like you gnashing your teeth and rending your garments and searching your soul about why you went out and spent all your real money on fake “coins” that don’t “exist” except in everyone’s “imagination.”
    Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?

  16. #96
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by JasonEvans View Post
    Seeing as this is the bitcoin collector thread...

    I found this column amusing. It is titled: "All this bitcoin stuff is fake"
    Nice.

    Although there are those that say since we've gone off the gold standard, our fiat currency only has value so long as people have faith in it and give it credit.

    I just don't see how Bitcoins are given value by vendors, but I guess if enough take 'em then it's a true supply and demand bartering widget.

  17. #97
    Join Date
    Feb 2009
    Location
    Wilmington, NC
    Bitcoin futures to be traded on Nasdaq in 2018? Some of you bean counters tell me what this really means.



    https://www.cryptocoinsnews.com/nasd...tures-trading/

  18. #98
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by left_hook_lacey View Post
    Bitcoin futures to be traded on Nasdaq in 2018? Some of you bean counters tell me what this really means.



    https://www.cryptocoinsnews.com/nasd...tures-trading/
    Short Bitcoin, go long on Dutch Tulips.

  19. #99
    Quote Originally Posted by left_hook_lacey View Post
    Bitcoin futures to be traded on Nasdaq in 2018? Some of you bean counters tell me what this really means.
    If there's money to be made, then a market will develop.

  20. #100
    Join Date
    Feb 2007
    Location
    Washington, DC area
    Quote Originally Posted by Jeffrey View Post
    If there's money to be made, then a market will develop.
    with a lot of hedging...

    -jk

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