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Bitcoins

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  • puk999
    puk999 Posts: 552 Forumite
    Ninth Anniversary 500 Posts
    Satoshi wrote: »
    I go into rarity of different physical stores of value later in the book.

    What book are you referring to?
  • Jegersmart
    Jegersmart Posts: 1,158 Forumite
    puk999 wrote: »
    What book are you referring to?

    It is the one he has been copying and pasting out of.

    The difficulty for Satoshi is that he has already proven to us that he knows and understands relatively little so not sure where this is going....

    imho
    J
  • DJBenson
    DJBenson Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Enjoy reading this thread and would like to ask one question without appearing either pro or con bitcoin.


    Has anyone bought at a low value and then sold high and has the money in the bank? because reading this thread I have yet to come across anyone who has banked profits.

    I'm on my third iteration of buy-low, sell-high with Bitcoin (buy @ 400-450, sell at 500-550) and have made a couple of hundred quid (money in the bank). I trade via Localbitcoins.com - on the whole it has been pretty pain free if not nail biting!!
  • Satoshi
    Satoshi Posts: 253 Forumite
    The book I was quoting from is Mike Maloney's latest.

    Anyway I am interested in buying something from http://www.overstock.com/

    I would just like to know what its like to buy using bitcoin.
  • csm888
    csm888 Posts: 112 Forumite
    Satoshi wrote: »
    The book I was quoting from is Mike Maloney's latest.

    Anyway I am interested in buying something from http://www.overstock.com/

    I would just like to know what its like to buy using bitcoin.

    Only U.S. customers can buy with Bitcoin at the moment
  • Satoshi
    Satoshi Posts: 253 Forumite
    csm888 wrote: »
    Only U.S. customers can buy with Bitcoin at the moment


    Shame. I can see in the near future there will be more options and more places accepting bitcoin.

    I wish I could be paid in bitcoin, this is also something I see in the future.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    Satoshi wrote: »
    I wish I could be paid in bitcoin, this is also something I see in the future.

    Change jobs, I'm sure you can find someone who'll pay you in BTC (as a BTC salary, not an exchange rate)

    Problem, though, is that you'll have problems paying your rent in BTC and real-world salary will swing wildly between being in gravy and starving on an unpredictable basis
  • Satoshi
    Satoshi Posts: 253 Forumite
    paddyrg wrote: »
    Change jobs, I'm sure you can find someone who'll pay you in BTC (as a BTC salary, not an exchange rate)

    Problem, though, is that you'll have problems paying your rent in BTC and real-world salary will swing wildly between being in gravy and starving on an unpredictable basis

    In the future I hope businesses could give the option of accepting crypto. I would love to let my custmoers pay in something other than fiat but its just not widespread enough yet.
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