99Bitcoins - How to Buy Bitcoin in 2020 | Mine Bitcoin

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to ENG [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to u/TridentGermes [link] [comments]

Subreddit Stats: giftcardexchange top posts from 2011-01-04 to 2019-03-16 04:52 PDT

Period: 2992.96 days
Submissions Comments
Total 999 12367
Rate (per day) 0.33 4.13
Unique Redditors 620 3223
Combined Score 7720 17263

Top Submitters' Top Submissions

  1. 492 points, 40 submissions: Fishering
    1. [H] Many Amazon Gift Cards [W] Nothing (63 points, 34 comments)
    2. [H] Many Amazon Gift Cards [W] Nothing (47 points, 39 comments)
    3. [H] Many Amazon Gift Cards [W] Nothing (AGAIN) (47 points, 43 comments)
    4. [H] Giveaway Amazon Gift Cards [W] You To Spread Holiday Spirit! (33 points, 47 comments)
    5. [H] Many Amazon Gift Cards [W] NOTHING (29 points, 48 comments)
    6. [H] $20 Amazon GC [W] NOTHING (again) (28 points, 147 comments)
    7. [H] Thanksgiving Pachinko Game Day 1 of 5 [W] You to win some of the $2650 in Prizes (23 points, 759 comments)
    8. [H] PayPal/Google Wallet/Square/Bitcoin [W] Gift Cards (22 points, 14 comments)
    9. [H] 5x$5 Amazon GCs [W] You To Have a Merry Little Christmas (11 points, 74 comments)
    10. [H] Lots of $1 Amazon Gift Cards [W] Nothing! (10 points, 23 comments)
  2. 132 points, 1 submission: luciphora
    1. [H] $10 Amazon GC [W] Your updoots (132 points, 176 comments)
  3. 109 points, 1 submission: Saikou0taku
    1. [H] $1.45 Bestbuy Giftcard [W] Goodwill/upvotes/to brighten your day $0 (Free) (109 points, 2 comments)
  4. 95 points, 6 submissions: yuv9
    1. [PSA] Moderator Account Compromised (25 points, 0 comments)
    2. [PSA] GCXrep Reopened + New flair mods (23 points, 79 comments)
    3. [PSA] Scam Alert (23 points, 40 comments)
    4. [PSA] Scam Alert - Help us by reporting shady accounts (12 points, 45 comments)
    5. [PSA] GCX Rep Maintenance + Reminders (7 points, 19 comments)
    6. [PSA] Free Background checks + reminders + news (5 points, 24 comments)
  5. 78 points, 4 submissions: ChamakhsUglyHaircut
    1. [H] 500th Trade Giveaway! [W] Nothing (51 points, 154 comments)
    2. [H] 500th Trade Giveaway Winners [W] Their Payment Info (13 points, 13 comments)
    3. PSA: Watch out for my Impersonator, ChamakhsUglyHairout (11 points, 5 comments)
    4. [H] PayPal [W] Amazon @ 90% (3 points, 38 comments)
  6. 78 points, 1 submission: Bluboon
    1. [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam (78 points, 55 comments)
  7. 65 points, 6 submissions: PenguinWithRabies
    1. [H] $5 Amazon GC [W] A Voodoo Doll of the Person Who Scammed Me Here Yesterday and/or $4.35 PayPal (27 points, 10 comments)
    2. [H] $3 US Amazon Code [W] Evil lair inside a volcano somewhere on the English countryside or PayPal (14 points, 13 comments)
    3. [H] $3 US Amazon GC [W] Working time machine in fair or better condition OR $2.50 Paypal (10 points, 9 comments)
    4. [H] $20 Uber eGift Card and $5 Amazon GC [W] $16 and $4.25 PayPal or Gene Wilder resurrected as my personal attack zombie for the combo. (7 points, 4 comments)
    5. [H] $5 Amazon GC [W] 4.30 CashApp / Zelle or Tasteful Recent Nudes of the Queen of England (4 points, 5 comments)
    6. [H] $15 Apple App Store / iTunes [W] Square CashApp / Zelle / Painful death of the bot that is going to automatically comment (3 points, 10 comments)
  8. 64 points, 7 submissions: linkandluke
    1. [PSA] My Paypal account got permanently limited because I sent money using "Friends and Family" (22 points, 198 comments)
    2. [PSA] This one is obvious but still linkandlukc is not me (13 points, 3 comments)
    3. [PSA] tkotejebe is on and currently trying to scam! (9 points, 7 comments)
    4. [H] paypal [W] Mcdonalds (6 points, 10 comments)
    5. [H] Paypal / Skrill [W] Amazon and Nintendo Eshop (or anything I can use to buy Eshop)! (5 points, 0 comments)
    6. [PSA] Setting up Google Wallet (GW), linking your bank, Sending/Receiving money and Transferring money! (5 points, 34 comments)
    7. [H] Paypal [W] Steam, Amazon Code(s) and Gamestop/EBGames (4 points, 11 comments)
  9. 53 points, 11 submissions: vyprus2208
    1. [H]$50 AUD PSN [70%]Paypal (9 points, 1 comment)
    2. [H] $50 USA PSN (2×$25) [W]80% Paypal (5 points, 8 comments)
    3. [H]$50 PSN Canada GC [W]80% Paypal (5 points, 5 comments)
    4. [H]$50 USA PSN GC [W]85% Paypal (5 points, 1 comment)
    5. [H]$50 USA PSN GC [W]85% Paypal (5 points, 14 comments)
    6. [H]Paypal [W] 10€ Paysafecard (5 points, 1 comment)
    7. [H]$20 USA PSN Giftcard [W]85% Paypal (4 points, 3 comments)
    8. [H]$25 Canada ITunes GC [W]85% Paypal (4 points, 1 comment)
    9. [H]$25 USA PSN GC [W] 85% Paypal (4 points, 4 comments)
    10. [H]€30 Steam Giftcard [W]85% Paypal (4 points, 1 comment)
  10. 53 points, 5 submissions: BigBen2010
    1. UPDATE: The Scammer List link has been updated to make it easier to recognize scammers (23 points, 11 comments)
    2. [H] Knowledge [W] You to know most things on eBay are 20% off for the next 7 hours (14 points, 6 comments)
    3. [H] $1 Paypal [W] $2 Dunkin cards (8 points, 11 comments)
    4. If you have a GCX Beginner flair but have 5 or more trades please leave a comment here (4 points, 275 comments)
    5. [H] $.75 PayPal [W] $2 Dunkin cards (4 points, 17 comments)
  11. 51 points, 6 submissions: aghuman1
    1. 10k subscriber giveaway! (21 points, 70 comments)
    2. aghumon1 is impersonating me (aghuman1), linking to my rep profile (7 points, 6 comments)
    3. [H] $100 Starbucks [W] $60 Paypal/$57 Bitcoin (6 points, 2 comments)
    4. [H] $50/$100 Starbucks [W] $30/$60 Paypal or $28/$56 Bitcoin (6 points, 7 comments)
    5. [H] Paypal, BTC [W] Amazon CANADA (6 points, 25 comments)
    6. [H] $1000 Amazon balance [W] Bitcoin/Crypto (5 points, 25 comments)
  12. 50 points, 1 submission: dylanplayspkmn
    1. [PSA] Fellow exchangers! Net Neutrality is up for repeal by the FCC. If it gets voted out, ISPs like Verizon have the right to block websites like Reddit, or charge for other websites like YouTube. (50 points, 6 comments)
  13. 44 points, 3 submissions: mn_sunny
    1. [PSA] Fake GCX Profiles -- Make sure to look at the URL! (30 points, 12 comments)
    2. [H] 90% Paypal [W] $80 Amazon (10 points, 10 comments)
    3. [H] 90% Paypal [W] $80 Amazon GC (4 points, 13 comments)
  14. 42 points, 6 submissions: mangaza
    1. [META] $20 Starbucks eGift Card for $10 via Cashstar Promotion (US only) (17 points, 8 comments)
    2. [PSA] 20% off GameStop, Toys R Us, Whole Foods Market and more Gift Cards (7 points, 10 comments)
    3. [H] $15 Fandango Tickets [W] $7.50 (5 points, 6 comments)
    4. [H] $15 Fandango Tickets [W] $7.50 (5 points, 31 comments)
    5. [H] Lots of $15 Fandango Tickets [W] $7 Google Wallet or $7 Amazon (4 points, 6 comments)
    6. [H] Uber $10 off next ride unique codes [W] $5 (4 points, 1 comment)
  15. 40 points, 8 submissions: CaliSweeper310
    1. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (6 points, 4 comments)
    2. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (6 points, 7 comments)
    3. [H] 2x $25 Domino's Pizza Gift card [W] 85% (5 points, 5 comments)
    4. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (5 points, 5 comments)
    5. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (5 points, 3 comments)
    6. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon & Walmart (5 points, 10 comments)
    7. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (4 points, 3 comments)
    8. [H] 80% PayPal, Google Pay, Square Cash and Zelle [W] Amazon (4 points, 9 comments)
  16. 38 points, 8 submissions: seeldoger47
    1. PSA: $15 off orders of $75 from eBay (7 points, 3 comments)
    2. [H] Amazon, Bitcoin, Google Wallet, Paypal, Square Cash, & Venmo [W] Amazon.com, Amazon.co.uk, Amazon.ca, Amazon.de, Amazon.es, Amazon.fr, B&N, Best Buy, eBay, Gamestop, Gyft, and Target (6 points, 6 comments)
    3. [H] BCH, BTC, Circle, Google Wallet, ETH, LTC, Paypal, Skrill, Square, Venmo [W] Apple, Amazon (.ca | .co.uk | .com| .de | .es | .fr | .it), Barnes & Noble, Best Buy, B&H, Dell, Delta, eBay, Gamestop, Google Play, Gyft, Home Depot, Hulu, iTunes, Lowes, Newegg, Target, Verizon, Walmart (6 points, 46 comments)
    4. [H] BTC, Circle Pay, Google Wallet, Ethereum, Paypal, Skrill, Square Cash, Venmo [W] Apple, Amazon (.co.uk | .de | .es |.it), Arrow Films, Barnes & Noble, Best Buy, B&H, Dell, Delta, eBay, Google Play, Gyft, Home Depot, HPB, Hulu, iTunes, Lowes, Newegg, Spotify, Target, Verizon, Walmart, Zavvi (5 points, 3 comments)
    5. [H] $75 (3 x $25) Amazon [W] Circle Pay, Google Wallet, Paypal, Square Cash, Venmo (4 points, 6 comments)
    6. [H] $75 (3 x $25) Amazon [W] Circle Pay, Google Wallet, Paypal, Square Cash, Venmo (4 points, 1 comment)
    7. [H] BCH, BTC, Circle, Google Wallet, ETH, LTC, Paypal, Skrill, Square, Venmo [W] Apple, Amazon (.ca | .co.uk | .com| .de | .es | .fr | .it), Barnes & Noble, Best Buy, B&H, Dell, Delta, eBay, Gamestop, Google Play, Gyft, Home Depot, Hulu, iTunes, Lowes, Newegg, Target, Verizon, Walmart (3 points, 20 comments)
    8. [H] BTC, Circle Pay, Google Wallet, Ethereum, Paypal, Skrill, Square Cash, Venmo [W] Apple, Amazon (.ca | .co.uk | .com | .de | .fr | .es |.it), Arrow Films, Barnes & Noble, Best Buy, B&H, Dell, eBay, Gyft, HPB, Hulu, Newegg, Target, Verizon, Walmart, Zavvi (3 points, 14 comments)
  17. 37 points, 2 submissions: ProblemHaters
    1. [PSA] Beware of my impersonator! (31 points, 15 comments)
    2. [H]$5 Amazon GC [W] Paypal (6 points, 1 comment)
  18. 36 points, 1 submission: iliketoworkhard
    1. Gentle reminder to people frequently shopping from amazon to use smile.amazon.com. (36 points, 5 comments)
  19. 35 points, 4 submissions: BKLCL
    1. [PSA] How to use GCXBot effectively and trade safely! (13 points, 15 comments)
    2. [Q] BrokeMember and I are thinking of starting a regular thread where we will raise donations for the mods to say thanks for all their hard work. More details are in the post; leave a comment for suggestions/if you are interested. (12 points, 32 comments)
    3. [H] Bot [W] Test Results (5 points, 18 comments)
    4. [PSA] You can use "!check usernames" to manually call the bot to generate user summaries for specific users! Click this post to go to my original bot post that describes how we, as a community, can come closer to eliminating impersonators from this subreddit! (5 points, 1 comment)
  20. 34 points, 3 submissions: undertale1997
    1. [PSA]PayPal now charges a flat fee of 3$/5$ for every transaction if you arent in the same country (17 points, 17 comments)
    2. [H]Giftcard of your choice for 5$ [W]Nothing well your comment anyway (12 points, 44 comments)
    3. [H]League of Legends Riot Points 3x10$ (30$) [W]70% PayPal (5 points, 12 comments)
  21. 33 points, 4 submissions: 555VS66
    1. [H] 1 free rental from redbox [w] nothing (19 points, 4 comments)
    2. [H] 1 redbox rental [W] air (7 points, 2 comments)
    3. [H] 1 free rental from redbox [w] nothing (4 points, 3 comments)
    4. [H] 1 free rental from redbox [w] nothing (3 points, 3 comments)
  22. 32 points, 3 submissions: MrAahz
    1. [PSA] Where to Check Gift Card Balances (27 points, 16 comments)
    2. [H] eBay Spotify Riot Points eShop MORE! [W] CashApp Google BTC PayPal more (3 points, 10 comments)
    3. [H] Starbucks, Uber, Whole Foods, Southwest, Nordstrom, Safeway, Albertson's, Sephora, Airbnb, AMC, Regal, DSW [W] Google Pay, Crypto, Zelle or PayPal @ 89% (2 points, 5 comments)
  23. 31 points, 1 submission: Hokily
    1. [PSA] crack_cocaineee is a thief. he does not come through. i lost 20$ to him and am very upset. (31 points, 16 comments)
  24. 31 points, 1 submission: OKNoah
    1. [Q] Scammer is faking post replies and reputation. (31 points, 26 comments)
  25. 30 points, 8 submissions: YvngJxsh
    1. [H] $100 PSN [W] 85% Paypal (4 points, 6 comments)
    2. [H] $150 Itunes GC [W] Paypal (4 points, 4 comments)
    3. [H] $150 Itunes GC [W] Paypal or Bitcoin @75% OBO (4 points, 6 comments)
    4. [H] $175 Amazon GC Balance [W] 90% Paypal (4 points, 8 comments)
    5. [H] 80% Paypal [W] PSN CARDS (4 points, 6 comments)
    6. [H] PayPal [W] PSN Cards @80% (4 points, 3 comments)
    7. [H] $100 PSN (2 x $50) [W] 85% PayPal (3 points, 1 comment)
    8. [H] $175 Amazon GC Balance [W] Paypal (3 points, 3 comments)
  26. 30 points, 3 submissions: brokemember
    1. [PSA] Venmo - PayPal Alternative for US Traders (12 points, 41 comments)
    2. [Q] Donations for GCX (12 points, 43 comments)
    3. [PSA] Donations for GCX (6 points, 10 comments)
  27. 30 points, 2 submissions: GCXmods
    1. Welcome to /GiftCardExchange! We are currently closed for the holidays and will be back December 27th. Click here for a beginner's guide of how this all works! (17 points, 10 comments)
    2. [PSA] New Rules Regarding Amazon Balance (13 points, 21 comments)
  28. 27 points, 5 submissions: playingghost
    1. [H] $50 HelloFresh, $100 Nakedwines gcs [W] Happiness (7 points, 2 comments)
    2. [H] $75 Bestbuy GCs [W] 88% Paypal (6 points, 6 comments)
    3. [H] $75 GameStop gcs [W] 83-85% Paypal (6 points, 1 comment)
    4. [H] $400 Amazon balance [W] 90% Paypal (4 points, 6 comments)
    5. [H] $84.72 Bestbuy GCs [W] 88% Paypal (4 points, 2 comments)
  29. 25 points, 5 submissions: transcriptionPigeon
    1. [H] PayPal [W] Amazon | 88% Rate (7 points, 24 comments)
    2. [H] PayPal [W] Amazon GCs | 90% Rate (5 points, 47 comments)
    3. [PSA] Because scammers are impersonating me and other traders so often, here's what I'm thinking of doing... (5 points, 10 comments)
    4. [H] Verified US PayPal [W] Amazon Codes or Balance @ 90% Rate (4 points, 35 comments)
    5. [H] Verified US PayPal [W] Amazon Codes or Balance @ 90% Rate (4 points, 8 comments)
  30. 25 points, 3 submissions: rundmcc
    1. [PSA] Target - 10% Off Gift Cards Today (13 points, 11 comments)
    2. [PSA] Redbox - 35% off $10, 40% off $20 (7 points, 0 comments)
    3. [PSA] $5 Amazon Credit w/ $25 Amazon Gift Card Purchase (5 points, 6 comments)
  31. 25 points, 1 submission: CyberInferno
    1. [PSA] Toys R Us gift cards expire on April 14 (25 points, 1 comment)
  32. 23 points, 4 submissions: hellr4isEr
    1. [GIVEAWAY] $5 Target GC - Details inside (8 points, 41 comments)
    2. [GIVEAWAY] $5 Amazon GC - Details inside (6 points, 18 comments)
    3. [GIVEAWAY] Round 5 - $10 Walmart GC (5 points, 35 comments)
    4. [GIVEAWAY] Round 3 - $10 Target GC (4 points, 34 comments)
  33. 23 points, 3 submissions: mikewhoneedsabike
    1. [H] $1 venmo [W] Google Local Guide Atom Code (9 points, 47 comments)
    2. [H] $1 venmo [W] Google Local Guide Atom Code (9 points, 26 comments)
    3. [H] 50 cents Venmo/Google Wallet [W] T-Mobile Tuesday ATOM code (5 points, 9 comments)
  34. 23 points, 1 submission: shane1027
    1. [META] Can we please create a Confirmed Trade Thread or Sticky somehow? (23 points, 155 comments)
  35. 22 points, 4 submissions: isaihtb11
    1. [H] $9.25 PayPal [W] $1 Amazon (8 points, 5 comments)
    2. [H] $1 Amazon GC [W] Nothing (5 points, 8 comments)
    3. [H]$50 PSN [W] 75% Google Wallet (5 points, 3 comments)
    4. [H] $110 PSN [W] 70% Google Wallet (4 points, 2 comments)
  36. 22 points, 1 submission: 0neg33k
    1. [Q] WARNING dkim324 a known scammer and is actively PMing people to try to scam them (22 points, 27 comments)
  37. 21 points, 4 submissions: Brooshie
    1. [H] PayPal [W] $20 Amazon.US GC (6 points, 7 comments)
    2. [H] PayPal [W] Amazon.US GC (5 points, 3 comments)
    3. [H] PayPal [W] Amazon.US GC (5 points, 8 comments)
    4. [H] PayPal [W] eBay GC (5 points, 1 comment)
  38. 21 points, 4 submissions: TheTimeMage
    1. [H] 85% PayPal [W] Amazon GC, eBay, Chilis, Chipotle, Dominos, Buffalo Wild Wings (8 points, 20 comments)
    2. [H] 85% PayPal [W] Amazon GC, eBay, Chilis, Chipotle, Dominos, Buffalo Wild Wings (5 points, 15 comments)
    3. [H] 90% PayPal [W] eBay, Amazon GC, Walmart, GameStop, Best Buy (5 points, 23 comments)
    4. [H] 85% PayPal [W] eBay Amazon GC (US, JP) Best Buy / GameStop (3 points, 20 comments)
  39. 21 points, 4 submissions: goodtimeshaxor
    1. [H] BTC/Crypto, Paypal, Google Wallet, Chase QuickPay, Zelle, Steam [W] Apple, Wal-Mart, Amazon GC, Target, Dell, Kroger, Clothing/Fashion Stores, Restaurants, MANY OTHER GIFT CARDS + (7 points, 16 comments)
    2. [H] BTC/Crypto, Paypal, Google Wallet, Chase QuickPay, Zelle, Steam [W] Wal-Mart, Target, Amazon GC, Fashion Stores, Restaurants, MANY OTHER GIFT CARDS + (5 points, 4 comments)
    3. [H] BTC/Crypto, Paypal, Google Wallet, Steam [W] Apple, Wal-Mart, Amazon GC, Target, Dell, Kroger, Clothing/Fashion Stores, Restauarants, Other+ (5 points, 19 comments)
    4. [H] BTC/Crypto, Paypal, Google Wallet, Chase QuickPay/ Zelle, Steam [W] Costco, Whole Foods, Wal-Mart, GameStop, Amazon GC, iTunes, PSN, Target, Fashion Stores, Restaurants, MANY OTHER GIFT CARDS + (4 points, 17 comments)
  40. 21 points, 1 submission: RKFtw
    1. [PSA] eBay- 15% off everything TODAY ONLY (21 points, 30 comments)
  41. 21 points, 1 submission: h3ct1k
    1. [H] $25 Buffalo Wild Wings [W] Naughty America/Brazzers account (21 points, 9 comments)
  42. 20 points, 4 submissions: Bited09
    1. [H] Paypal/Crypto [W] Toys R US(Any Amount) (7 points, 4 comments)
    2. [H] $75 Amazon Gift Card [W] BTC (5 points, 3 comments)
    3. [H] Crypto/Paypal [W] Amazon,Apple,BestBuy,HomeDepot,Lowe's,Macy's,Newegg,Nike,Nord,Target,Steam,Walmart..etc (5 points, 14 comments)
    4. [H] Paypal/Crypto [W] Amazon,Apple,BestBuy,Walmart,Lowes (3 points, 13 comments)
  43. 20 points, 1 submission: ibanezjerk
    1. [H] $0.19 left on Bed Bath & Beyond GC [W] nothing. Just hate clutter. (20 points, 3 comments)
  44. 19 points, 4 submissions: Entroduction
    1. [H] $30 Guardians of the Galaxy 2 Fandango Code/Gift Card [W] $12 Paypal (6 points, 8 comments)
    2. [H] Free Fandango Gift Cards [W] Your Participation (5 points, 50 comments)
    3. [H] $30 Guardians of the Galaxy 2 Fandango Code/Gift Card [W] $12 Paypal (4 points, 1 comment)
    4. [H] $30 Guardians of the Galaxy 2 Fandango Code/Gift Card [W] $6 Paypal/Bitcoin (4 points, 4 comments)
  45. 19 points, 4 submissions: edsmart123
    1. [H] 4 dunkin donuts gift cards ($2 each), 4X 1 night redbox rental code [W] offers (7 points, 10 comments)
    2. [H] 4 dunkin donuts codes from t mobile [W] offers (4 points, 16 comments)
    3. [H] 4-5 Dunkin Donuts 2 dollar gift cards [W] Paypal (4 points, 16 comments)
    4. [H] t mobile baskin Robbins codes [W] offers (4 points, 2 comments)
  46. 19 points, 4 submissions: summerofsin
    1. [H] $100 Amazon GC [W] Paypal 92% (5 points, 3 comments)
    2. [H] $150 Amazon GC [W] 92% Paypal (5 points, 3 comments)
    3. [H] $40 Steam [W] Paypal 92% (5 points, 3 comments)
    4. [H] $100 Amazon GC [W] Paypal 92% (4 points, 8 comments)
  47. 19 points, 3 submissions: instantcol
    1. [H] Bitcoin [W] Amazon gift cards at 80% (8 points, 12 comments)
    2. [H] Verified Paypal/Bitcoin [W] Amazon gift card at up to 89% (6 points, 13 comments)
    3. [H] Bitcoin/Paypal [W] Amazon GCs @ up to 89% (5 points, 13 comments)
  48. 19 points, 1 submission: valentin68
    1. [PSA] Warning another impersonator (19 points, 35 comments)
  49. 18 points, 3 submissions: Auracity
    1. [H] $231.39 in different Amazon Gift Cards [W] 90% Paypal (9 points, 18 comments)
    2. [H] Amazon Gift Cards (Canada) [W] 85% Paypal (6 points, 15 comments)
    3. [H] Amazon Gift Cards [W] 88% Paypal (3 points, 25 comments)
  50. 18 points, 3 submissions: PuttPutt7
    1. [H] Verified Paypal @ 85% [W] Amazon Gift Cards / GoP. Anything up to $100! New traders welcome (9 points, 19 comments)
    2. [H] Verified Paypal @ 85% [W] Amazon Gift Cards / GoP any amount! New traders welcome (5 points, 4 comments)
    3. [H] Verified Paypal [W] Amazon Gift Cards @ 87%. Anything up to $100! New traders welcome (4 points, 22 comments)
  51. 18 points, 2 submissions: dragonslayer6699
    1. [H] $900 United Airlines flight voucher (no fare restrictions, valid until 1/18/2020) [W] $750 Venmo, PayPal (11 points, 5 comments)
    2. [H] $900 United Airlines flight voucher (any United flight, no restrictions) [W] $750 Venmo or PayPal (7 points, 13 comments)
  52. 18 points, 1 submission: laylawhitexxx
    1. [H] $961 Amazon GC balance [W] Paypal or Bitcoin (18 points, 42 comments)
  53. 17 points, 4 submissions: World_Chaos
    1. [H] Paypal [W] Amazon GC (5 points, 21 comments)
    2. [H] Verified Paypal [W] Amazon Gift Card Offers (5 points, 24 comments)
    3. [H] $500 Paypal [W] Amazon 85% (4 points, 10 comments)
    4. [H] $700 Paypal [W] Amazon GC (3 points, 13 comments)
  54. 17 points, 3 submissions: evanhuttonfc
    1. [H] 85% PayPal [W] Amazon GC US (6 points, 9 comments)
    2. [H] 85% PayPal [W] Amazon GC US (6 points, 20 comments)
    3. [H] 85% PayPal or CashApp [W] Amazon GC USA or Balance (5 points, 14 comments)
  55. 17 points, 2 submissions: Teeny_Ginger_18
    1. [H] $125 iTunes GC [W] $100 btc, PayPal via Gyft.com, Hotels.com GC via Amazon Balance, or Amazon GC (11 points, 5 comments)
    2. [H] $125 iTunes Giftcard [W] $110 Amazon GC or Bitcoin (6 points, 3 comments)
  56. 17 points, 2 submissions: X3n0bL4DE
    1. [H] $39 Amazon Balance (x2) [W] $33 Paypal (9 points, 17 comments)
    2. [H] $39 Amazon Balance [W] $32 Paypal (8 points, 14 comments)
  57. 17 points, 1 submission: DapperFisticuffs
    1. [PSA] Active Impersonator: DapperFistcuffs (17 points, 4 comments)
  58. 17 points, 1 submission: arbituser
    1. [PSA] prateck07 is impersonating prateek07 (17 points, 13 comments)
  59. 17 points, 1 submission: cyanletters
    1. [H] $20 Brookstone Gift Card (Expires Today) [W] Nothing (17 points, 2 comments)
  60. 17 points, 1 submission: rdewalt
    1. [Q] DO NOT TRADE WITH ME. Someone has compromised my account and been using it to try and scam you. (details inside) (17 points, 15 comments)
  61. 16 points, 4 submissions: ukfan515
    1. [H] (9) $10 Amazon GC [W] 87.5% Paypal (5 points, 5 comments)
    2. [H] $60 Amazon GC [W] 90% Paypal (4 points, 4 comments)
    3. [H] $91 Amazon GC [W] 90% Paypal (4 points, 3 comments)
    4. [H] $95 Amazon GC [W] 90% Paypal (3 points, 3 comments)
  62. 16 points, 3 submissions: HomieGenie
    1. [H] Xbox Live 12 Month Gold [W] $40 PayPal (7 points, 0 comments)
    2. [H] $2 Baskin Robbins Code [W] $1 PayPal (5 points, 1 comment)
    3. [H] 2x $10 iTunes GC [W] 85% PayPal or $10 Amazon GC each (4 points, 7 comments)
  63. 16 points, 3 submissions: MAlpha17
    1. [H] $10 PSN [W] PayPal (6 points, 11 comments)
    2. [H] VRV $10 [W] Paypal (6 points, 1 comment)
    3. [H] $10 PSN [W] Offers (4 points, 22 comments)
  64. 16 points, 2 submissions: Katzuhiki
    1. [PSA] jhon679 is an active scammer who is banned. (10 points, 20 comments)
    2. [QUESTION] How do you ensure that the GC you traded for will be safe and not used right after the completion of the trade? (6 points, 26 comments)
  65. 16 points, 2 submissions: PizzaRatsBrother
    1. [H] $14 Amazon GC [W] 85% Cash App or proof your large dog pooped on a Square executive's doorstep (11 points, 11 comments)
    2. [H] $35 in PlayStation Store ($25 and $10) willin to separately sell [W] Cash App 75% (5 points, 8 comments)
  66. 16 points, 1 submission: beckyvz18
    1. [H]$100 wine voucher[W]Nothing (16 points, 33 comments)
  67. 15 points, 3 submissions: snoopzprodigy
    1. [H] $10 Amazon GC [W] 85% Paypal (7 points, 4 comments)
    2. [H] $10 Spotify Gift Card [W] PayPal, Offers (4 points, 2 comments)
    3. [H] $10.50 Venmo [W] Food GCs, Any Offers (4 points, 15 comments)
  68. 15 points, 2 submissions: CodingCore_
    1. [H] $8 Paypal [W] $10 Google Play GC (10 points, 3 comments)
    2. [H] 88% Paypal [W] Amazon GC (5 points, 8 comments)
  69. 15 points, 2 submissions: Gizmoiscute
    1. [H] $5 e-codes Your choice [W] PayPal Offers (8 points, 3 comments)
    2. [H] 2- AMC Black Movie Tickets, 2 large drinks, 2 large popcorns [W] PayPal $25 (7 points, 1 comment)
  70. 15 points, 2 submissions: Vearax
    1. [H] 85% PayPal [W] US Amazon GC(s) (8 points, 18 comments)
    2. [H] iTunes GC [W] Paypal %85 (7 points, 5 comments)
  71. 15 points, 1 submission: Parasoccer
    1. [H] $50 fitbit coupon [W] NOTHING (15 points, 6 comments)
  72. 14 points, 3 submissions: MonPetitCoeur
    1. [H] $5 Starbucks GC [W] $4 Amazon GC (6 points, 9 comments)
    2. [H] $5 Amazon GC [W] 90% Paypal (4 points, 3 comments)
    3. [H] $50 Krispy Kreme GC [W] $43 Paypal (4 points, 3 comments)
  73. 14 points, 3 submissions: XDireInsanityX
    1. [H] 12 nonths Xbox Live Gold [W] $40 PayPal (6 points, 6 comments)
    2. [H] $50 Xbox Gift Card [W] $43 PayPal (4 points, 6 comments)
    3. [H] $50 Xbox Gift card [W] $42.5 PayPal (4 points, 5 comments)
  74. 14 points, 3 submissions: awesomeness2078
    1. [H] 90% PP [W] 10$ Amazon GC (5 points, 1 comment)
    2. [H] 95% PayPal [W] 35$ Amazon GC (US) (5 points, 4 comments)
    3. [H] 93% PP [W] Amazon GCs US (4 points, 4 comments)
  75. 14 points, 2 submissions: CasualObserver89
    1. [H] PayPal [W] To Be Scammed (9 points, 17 comments)
    2. [H] PayPal [W] $20-$99 Amazon GC (5 points, 8 comments)
  76. 14 points, 1 submission: Acefink
    1. [H] $1,500 in steam gift cards [W] Venmo, PayPal, BTC at 82.5% (14 points, 81 comments)
  77. 14 points, 1 submission: Ccj911
    1. [PSA] KaIN7 (I) Impersonating KalN7 (L) (14 points, 8 comments)
  78. 14 points, 1 submission: exaltare
    1. [H] 3 x Six Flags 2019 Gold Season Passes [W] PayPal, Amazon GCs, Best Buy, Microsoft, XBox (14 points, 12 comments)
  79. 13 points, 3 submissions: Jevans223344
    1. [H] 5x $50 google play cards [W] $200 Paypal (5 points, 3 comments)
    2. [H] 92% PayPal [W] Ebay giftcards up to $100 (5 points, 5 comments)
    3. [H] $8 PayPal [W] $10 iTunes gift card (3 points, 1 comment)
  80. 13 points, 3 submissions: joq83755
    1. [H] $2000+ Amazon GC (25/50) [W] 90% Cryptocurrency. (5 points, 5 comments)
    2. [H] $50 Ticketmaster Ticket Cash Code [W] $25 PayPal or Venmo (4 points, 3 comments)
    3. [H] 15x $5 Microsoft Store Gift Cards [W] 85% PayPal or Venmo (4 points, 5 comments)
  81. 13 points, 3 submissions: nadiahamilton
    1. [H] $86 amazon gc [W] 80% bitcoin (5 points, 2 comments)
    2. [H] $86 amazon gc [W] 80% bitcoin (4 points, 2 comments)
    3. [H] $86 amazon gc [W] 80% bitcoin (4 points, 8 comments)
  82. 13 points, 3 submissions: sketchymidnight
    1. [H] PayPal [W] PSN $10 (5 points, 3 comments)
    2. [H] PayPal [W] Amazon, Nintendo eShop (4 points, 7 comments)
    3. [H] Paypal [W] Origin Gift Card / Credit (4 points, 2 comments)
  83. 13 points, 2 submissions: davidmanedoe
    1. [H] Buffalo Wild Wings $25 GC [W] $20 Venmo (8 points, 14 comments)
    2. [H] $10 Chickfila Card [W] $8 Venmo (5 points, 7 comments)
  84. 13 points, 1 submission: Apocalypse_Gladiator
    1. [PSA] nihilstic_janltor is impersonating nihilistic_janltor (13 points, 15 comments)
  85. 13 points, 1 submission: Hyper-Silence
    1. [H] $656.92 Best Buy Store Credit [W] $550 Verified PayPal, local meetup, Venmo (13 points, 13 comments)
  86. 13 points, 1 submission: RV_123
    1. [H] Suspicious Account [W] Nothing (13 points, 8 comments)
  87. 13 points, 1 submission: Shortbus316
    1. [PSA] Beware of scammers... I received a PM from what seemed like a legit trader. (13 points, 25 comments)
  88. 13 points, 1 submission: Two-Tone-
    1. [H] $15 US Apple gift card [W] A $10-$15 donation to a reputable charity (13 points, 9 comments)
  89. 13 points, 1 submission: glatts
    1. [H] $2500 [W] $3000 in Brookstone gift cards (13 points, 23 comments)
  90. 12 points, 3 submissions: AndreaBeaudin
    1. [H] 90% PayPal [W] Amazon.com GC($20,$30,$40,$50) (6 points, 21 comments)
    2. [H] 90% PayPal [W] Amazon.com GC (4 points, 40 comments)
    3. [H] PayPal 90% [W] Amazon.com GC (2 points, 18 comments)
  91. 12 points, 3 submissions: vorter
    1. [H] 75% Zelle/Paypal/Venmo/GooglePay/ApplePay [W] iTunes/AppStore GCs (Amazon GCs @80% & Steam/UbeLyft/Nintendo/Xbox/FoodDelivery too at rates 60-65%) (5 points, 5 comments)
    2. [H] 80% Zelle/Paypal/Venmo/GooglePay/ApplePay [W] iTunes/AppStore & Amazon GCs (Steam/UbeLyft too but at lower rates) (4 points, 27 comments)
    3. [H] 80% Zelle/Paypal/Venmo/GooglePay/ApplePay or BTC/Crypto at 5% less [W] iTunes/AppStore GCs (Amazon GCs 80% & Steam/UbeLyft/Nintendo/FoodDelivery too at rates 60-65%) (3 points, 17 comments)
  92. 12 points, 3 submissions: weebae
    1. [H] Verified PayPal [W] Amazon Gift Cards, Amazon Gift of Prime (5 points, 11 comments)
    2. [PSA] Office Depot offering $20 off purchases of $100 Gift Cards (In-store only / YMMV) (4 points, 9 comments)
    3. [H] Verified PayPal [W] Google Play Gift Cards (3 points, 2 comments)
  93. 12 points, 2 submissions: AemonDK
    1. [H] 12 months xbox live gold digital code UK [W] £30 paypal or giftcards (8 points, 4 comments)
    2. [H] 12 months xbox live gold digital code UK [W] £30 paypal or giftcards (4 points, 4 comments)
  94. 12 points, 2 submissions: BABarista
    1. [H]5x $5 Atom Movie Code [W] $1 Paypal each (7 points, 13 comments)
    2. [H] 2X Medium 1 Topping Papa Johns Pizza Code [W] $3.5 amazon or paypal for each code (5 points, 9 comments)
  95. 12 points, 2 submissions: Icecream_Store
    1. [H] BR Stuff [W] nothing (6 points, 3 comments)
    2. [H]Sonic Steam Game, 4$ Hitman movie [W]Nothing (6 points, 3 comments)
  96. 12 points, 2 submissions: Sparklepop
    1. [H]PayPal, [W]$20 Steam GiftCard (8 points, 9 comments)
    2. [H] $85 Sephora, [W] $65 PayPal (4 points, 9 comments)
  97. 12 points, 2 submissions: akaToph3r
    1. [H] $15 GILT [W] Nothing (No really, it's free) (7 points, 8 comments)
    2. [H] 2 x 14-Day Xbox Live Trial Codes [W] Nothing (5 points, 5 comments)
  98. 12 points, 2 submissions: sorenxv
    1. [H] AUD 20 Target Australia GC [W] AUD 15 paypal (8 points, 4 comments)
    2. [H] AUD 20 Target Australia GC [W] AUD 10 paypal (4 points, 4 comments)
  99. 12 points, 1 submission: Dabbing_Samurai_Umu
    1. [H] 21 Dollars PayPal [W] 20 Dollars PayPal (12 points, 11 comments)
  100. 12 points, 1 submission: False1512
    1. [H] Free Movie Ticket from Atom Ticket App [W] Good Luck (12 points, 6 comments)

Top Commenters

  1. Fishering (901 points, 594 comments)
  2. linkandluke (451 points, 323 comments)
  3. Fishering_BOT (390 points, 383 comments)
  4. BigBen2010 (357 points, 259 comments)
  5. bg_20 (325 points, 221 comments)
  6. brokemember (285 points, 194 comments)
  7. hacksorskillbot (257 points, 245 comments)
  8. PlebeianGentleman (234 points, 2 comments)
  9. sabin357 (226 points, 146 comments)
  10. yuv9 (213 points, 120 comments)

Top Submissions

  1. [H] $10 Amazon GC [W] Your updoots by luciphora (132 points, 176 comments)
  2. [H] $1.45 Bestbuy Giftcard [W] Goodwill/upvotes/to brighten your day $0 (Free) by Saikou0taku (109 points, 2 comments)
  3. [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam by Bluboon (78 points, 55 comments)
  4. [H] Many Amazon Gift Cards [W] Nothing by Fishering (63 points, 34 comments)
  5. [H] 500th Trade Giveaway! [W] Nothing by ChamakhsUglyHaircut (51 points, 154 comments)
  6. [PSA] Fellow exchangers! Net Neutrality is up for repeal by the FCC. If it gets voted out, ISPs like Verizon have the right to block websites like Reddit, or charge for other websites like YouTube. by dylanplayspkmn (50 points, 6 comments)
  7. [H] Many Amazon Gift Cards [W] Nothing (AGAIN) by Fishering (47 points, 43 comments)
  8. [H] Many Amazon Gift Cards [W] Nothing by Fishering (47 points, 39 comments)
  9. Gentle reminder to people frequently shopping from amazon to use smile.amazon.com. by iliketoworkhard (36 points, 5 comments)
  10. [H] Giveaway Amazon Gift Cards [W] You To Spread Holiday Spirit! by Fishering (33 points, 47 comments)

Top Comments

  1. 160 points: PlebeianGentleman's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  2. 83 points: deleted's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  3. 74 points: PlebeianGentleman's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  4. 50 points: deleted's comment in [H] PayPal/Google Wallet/Square/Bitcoin [W] Gift Cards
  5. 48 points: deleted's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  6. 38 points: Fishering's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  7. 37 points: Fishering's comment in [H] PayPal/Google Wallet/Square/Bitcoin [W] Gift Cards
  8. 35 points: SolarTsunami's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  9. 30 points: BigBen2010's comment in [H] $187 Paypal [W] Steam gift cards and to discuss a mod's recent scam
  10. 26 points: Garwald's comment in [PSA] Free background checks
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Reaistically, how often do you use Bitcoin - and how do you use it?

I would say that on average I make 2-3 purchases a week with Bitcoin. The most common places I use it in no particular order:
Not very often do I concern myself with the exchange rate because A. The larger discounts I get from the above sites, and B. I'm frequently acquiring Bitcoin for my stash.
Today there is very little I can't buy with Bitcoin that I want. For example I can buy a hamburger using Bitcoin, but I might not be able to buy a certain specific brand of burger. Things I can't buy with Bitcoin or its just too much work for me: Cell phone service, car insurance, rent. Those are literally the only major things I buy which can't be acquired using Bitcoin in some fashion.
All in all, as a lower middle class male, Bitcoin has made my life easier (due to btc appreciation and constant discounts from merchants)
submitted by Logical007 to Bitcoin [link] [comments]

At the very least, Bitcoin is better than Amazon virtual currencies.

Cardhub estimates there are over $44B in gift cards alone in the US that are left unused.
Corporate Virtual Currencies * Gift Cards * Credit Balances on User Accounts * Airline Miles * Hotel Points * Other Loyal Points * Gift Certificates
We estimate there are $15B in Amazon virtual currencies alone (including balances on user accounts). Today, this exceeds the entire market capitalization of Bitcoin. To be fair, Amazon gift cards are worth more than all others. They command the highest market rate (97-99¢ per $) on secondary exchanges because lots of people shop on Amazon. But if you try to sell Amazon gift cards, the buy rate is 68¢ because marketplaces bake in fraud risk. Unlike most gift cards, there’s no way to check a gift card balance without irreversibly loading it on a Amazon account. Thus, the mechanisms for getting in and out of Amazon gift cards are terribly inefficient.
9+ Reasons Why People Have Leftover Amazon Gift Card or Credit * Received as gift * Purchased from a gift card reseller (CVS, Gyft, eGifter) * Received as payment for taking surveys (GiftHulk, SwagBucks) * Received as payment from Mechanical Turk * Received as payment from Amazon Associates * Received as payment for exchanging other gift cards * Received as award for Amazon Credit Card * Received for promotion * Others
There’s an entire economy built around Amazon virtual currencies. The Bitcoin economy is much larger - Purse users can shop on Amazon in addition to the 60,000+ other merchants.
On Purse, you can sell your Amazon credit and Amazon Gift Cards for Bitcoin. The spread on our exchange is much tighter than gift card exchanges that rely on fiat payment systems, and we only charge 1%.
We believe Bitcoin is better than any other currency before it, but one thing is clear - Bitcoin trumps corporate issued virtual currencies.
submitted by PurseIO to Bitcoin [link] [comments]

4/11/14 - China, Mt. Gox buyout, Gyft Cloud, BIT & new bitcoin symbol

http://www.moneyandtech.com/apr11-news-update/
Happy Friday with today's top news in Money & Tech:
As the situation in China continues to develop, the People’s Bank of China clarified in a statement that they have no intention of banning bitcoin. The statement went on to say that “Bitcoin is more a kind of tradable and collectible asset such as stamps, rather than a payment currency,” implying that they are actively considering how to treat the digital currency. They did not however comment on the current bank account closures.
A group of investors has offered to buy bankrupt exchange Mt. Gox for a token payment of one bitcoin according to the Wall Street Journal. The group has outlined plans in their offer to revive the fallen exchange, by setting aside 50 per cent of its transaction fees to pay back burned customers and other creditors over time. However, the acquisition will first need to get approval from the Japanese bankruptcy court.
Popular digital platform Gyft is launching their new service Gyft Cloud, which they are calling “the ultimate mobile gift card solution.” Merchants will now be able to sell gift cards that customers can store on their mobile devices, and then refill anytime without credit card transaction fees. Gyft Cloud will not support bitcoin directly, but merchants will be able to use BitPay to sell cards in-store or on Gyft.com.
SecondMarket CEO Barry Silbert announced a milestone on Twitter Thursday, posting that the Bitcoin Investment Trust he founded now holds over 100,000 bitcoins, worth approximately $40 million at the present exchange rate. This is good news for the Bitcoin Investment Trust, as it prepares to open its doors to more than its current, accredited clientele. This milestone for the company also demonstrates that investor interest in bitcoin is continuing to rise.
A group of industry members have come up with what they believe is a better bitcoin symbol than the current vector-based logo, with the help of Paris graphic design studio ECOGEX. The new symbol is already an existing Unicode character, which would make it easier to use in different fonts and formats. Several bitcoin companies have already adopted the new symbol, including ZeroBlock, Lamassu and Tip4Commit. However, many members of the community are still divided on which symbol they think is best.
We’re ending this week of Money & Tech exclusives with a special treat. We recently got to sit down with 9 year old bitcoin expert Sophie, to hear her perspective on digital currency and recent headlines. Watch that video here: http://www.moneyandtech.com/9-yr-old-explains-bitcoin/
submitted by moneyandtech to BitcoinMarkets [link] [comments]

Gyft is the Bitcoin consumer's only good app.

On Friday, Barry Silbert tweeted his "wish list" of the top five companies he hoped would soon accept bitcoin, and asked his followers which merchants were in their top five. Some of the most popular responses were Amazon, Target, Whole Foods, and Zappos, which ironically are all companies that work with Gyft, the mobile gift card company that is probably the industry's most crucial and useful consumer bitcoin app.
One of bitcoin's biggest challenges is its lack of clear consumer use cases today. Unless you are a crypto-anarchist who is willfully "opting out" of the traditional banking / credit system, a privacy nut, a black market consumer, a bitcoin paper millionaire who spends bitcoin as a diversification strategy, or a prolific micro-tipper, you are better off using a debit or credit card for your day to day commerce. Said another way, bitcoin simply doesn't make sense for 99% of consumers.
I saw this first hand last week when I paid for dinner at a bitcoin-friendly sushi restaurant in my neighborhood. I transferred the $72.88 due through the merchant's BitPay account with bitcoin from a Coinbase wallet that appeared to be worth $73.24. Sure, that $0.36 "surcharge" might only be a half percent, but when you add it to the 1% cash back I was foregoing (2-3% for some credit cards that have better restaurant rewards), the merchant's bitcoin savings were simply additional costs incurred by me. I was spending bitcoin that had appreciated 30% in the past week and it annoyed me; how would consumers interested in a more stable bitcoin feel about that hidden fee?
Of course, I was at one of the few restaurants in my city that accepts bitcoin period. Forbes' Kashmir Hill demonstrated (for the second year in a row) how difficult it still is for any bitcoin enthusiast to live life without cash or credit cards. Hill's week using nothing but bitcoin in San Francisco showcased how there are not yet any reliable transportation vendors, point of sale systems or ATMs to make life on bitcoin truly viable. Instead, she spent much of her first post praising the existence of Gyft and its role as the bitcoin consumer's bridge to the non-speculative investment (aka "real") world where bitcoin can be used.
(http://www.forbes.com/sites/kashmirhill/2014/05/06/living-on-bitcoin-a-year-later-will-it-be-easie)
Gyft has, in fact, solved many of the early consumer use case problems for bitcoin. For starters, the company's mobile app has not been banned by Apple, making it usable for the millions of iOS faithful who might not exchange their iPhone simply to dabble with a new payment technology. Gyft also offers a 3% credit on bitcoin purchases, passing the cost savings back to the consumer and ensuring that I'll never see a surcharge for using bitcoin through Gyft as I will at my sushi restaurant. Finally, Hill outlined the life-saving utility of Gyft during her week-long experiment - gift cards to CVS, ride-sharing service Lyft, Fandango, etc. - that stems from its partnerships with over 200 retailers.
Hill said it best: "Gyft is a very easy way to convert Bitcoin into usable money — without ever actually turning it into cash and paying the 1% fee charged by exchangers like Coinbase and Bitpay. Gyft absorbs that conversion fee for consumers, and at a lower rate due to its volume."
Are there any other consumer applications that even come close to encouraging greater consumer adoption of bitcoin?
submitted by twobitidiot to Bitcoin [link] [comments]

Who says people don't spend bitcoins?

It's almost black friday and bitcoins just blew past 1000$.
I've just blown a tenth of my stash on electronics, gifts, clothes and a brand new high-powered self-built desktop which I plan to run as a full bitcoin node. And of course the mandatory yearly order of alpaca socks. PSA :- if you haven't got alpaca socks yet, you should. They're beyond awesome.
Mostly through gift cards from gyft except for the desktop parts... damn you newegg. Take my bitcoins already.
It could go higher tomorrow but some shiny new stuff today is worth more than pieces of paper tomorrow. Plus at this rate, I'll be able to get even more shiny new stuff tomorrow anyways.
What did you buy with bitcoins on this holiday season?
submitted by 26671 to Bitcoin [link] [comments]

4/11/14 - China, Mt. Gox buyout, Gyft Cloud, BIT & the new bitcoin symbol

http://www.moneyandtech.com/apr11-news-update/
Happy Friday with today's top news in Money & Tech:
As the situation in China continues to develop, the People’s Bank of China clarified in a statement that they have no intention of banning bitcoin. The statement went on to say that “Bitcoin is more a kind of tradable and collectible asset such as stamps, rather than a payment currency,” implying that they are actively considering how to treat the digital currency. They did not however comment on the current bank account closures.
A group of investors has offered to buy bankrupt exchange Mt. Gox for a token payment of one bitcoin according to the Wall Street Journal. The group has outlined plans in their offer to revive the fallen exchange, by setting aside 50 per cent of its transaction fees to pay back burned customers and other creditors over time. However, the acquisition will first need to get approval from the Japanese bankruptcy court.
Popular digital platform Gyft is launching their new service Gyft Cloud, which they are calling “the ultimate mobile gift card solution.” Merchants will now be able to sell gift cards that customers can store on their mobile devices, and then refill anytime without credit card transaction fees. Gyft Cloud will not support bitcoin directly, but merchants will be able to use BitPay to sell cards in-store or on Gyft.com.
SecondMarket CEO Barry Silbert announced a milestone on Twitter Thursday, posting that the Bitcoin Investment Trust he founded now holds over 100,000 bitcoins, worth approximately $40 million at the present exchange rate. This is good news for the Bitcoin Investment Trust, as it prepares to open its doors to more than its current, accredited clientele. This milestone for the company also demonstrates that investor interest in bitcoin is continuing to rise.
A group of industry members have come up with what they believe is a better bitcoin symbol than the current vector-based logo, with the help of Paris graphic design studio ECOGEX. The new symbol is already an existing Unicode character, which would make it easier to use in different fonts and formats. Several bitcoin companies have already adopted the new symbol, including ZeroBlock, Lamassu and Tip4Commit. However, many members of the community are still divided on which symbol they think is best.
We’re ending this week of Money & Tech exclusives with a special treat. We recently got to sit down with 9 year old bitcoin expert Sophie, to hear her perspective on digital currency and recent headlines. Watch that video here: http://www.moneyandtech.com/9-yr-old-explains-bitcoin/
submitted by moneyandtech to Bitcoin [link] [comments]

[ANN] getBspendB.com, the new way to BUY and SPEND bitcoins!

Introducing: getBspendB, the new way for you to GET and SPEND bitcoins!
getBspendB is a marketplace that connects bitcoin "Spenders" and bitcoin "Buyers" by leveraging Amazon wishlists. By creating a platform for Buyers to easily, safely, anonymously, and quickly purchase bitcoins, the Spender gains wide selection of Amazon merchandise at BELOW FIAT prices.
So how does GBSB work?
  1. First, the Spender creates an Amazon wishlist and shares the wishlist link featuring delicious coconut water priced at $26.99 with GBSB. The price is calculated and discounted (at 4% during beta), so the order will cost $25.91 or ฿0.2029*). If Spender's account balance is sufficiently funded, the order will be place in the orderbook for Buyers to grab.
  2. Bitcoin Buyers shares with GBSB how much BTC he wants to buy. GBSB returns him several similarly valued options to choose from. Buyer then purchases the products in the wishlist and selecting the Spender's hidden ship-to address (known only to Amazon).
  3. Amazon ships the items directly to the Spender. Buyer provides the tracking number to GBSB and Spender for an ETA.
  4. Upon receiving, Spender confirms with GBSB that package has arrived, and the bitcoins (minus a 5% fee) are released from escrow. Buyer can then withdraw the bitcoins to his private wallet, or use it as he wishes.
Seems kinda complicated you might say. There are so many parties involved in this single transaction.
Our Implementation focuses on the user experience. We aim to make the entire transaction eat no more than 20 minutes of each user's time. GBSB aims to be a fresh and unconventional method of exchange, that addresses several problems in the bitcoin ecosystem.
Currently available options for Buyers
It's too difficult to acquire them and buy things with them.
-theymos, admin of bitcointalk.org
It has only gotten harder since.
  • Traditional exchanges like BitStamp and MtGox are easily the cheapest methods of purchasing bitcoins in volume. However, an international wire costs at least $50 in wire and deposit fees while taking 2-5 days before reaching BitStamp. This high barrier prevents anything less than several thousand dollar transactions economical. The long paper trails and heavy scrutiny may be an additional concern for customers that value privacy. Policy transparency vary between exchanges: BitStamp provide timely warnings for customers to accommodate for regulatory conformity, while MtGox has been less inclined to disclose their situation.
  • Fixed rate meta exchanges such as the US based Coinbase takes advantage of the ACH system to remove the transfer cost completely. The 1% fee makes Coinbase a top choice for US buyers after the initial gauntlet. ACH has higher fraud risk than wire transfers, so Coinbase wisely minimize that risk by curating clients through ever-increasing levels of personal information verification steps, limiting customer purchasing power, and delivers bitcoins some point between 3-60 days (average is closer to 7 for the first time user). Occasionally clients report of being declined after days of waiting or frustration over verification steps. Coinbase's operation is highly opaque, with security holes that by pass limitations, sudden changes due to manipulation, and knee-jerk policy changes without warning. Coinbase however is backed by Silicon Valley big shots, so they are well funded enough to absorb the cost of the occasional mishap.
  • Since regulatory pressure tightened, the most recommended and fastest growing exchanges are decentralized exchanges, namely localbitcoins. The unqiue ability for closely proximate bitcoin traders to meet in person and safely trasact using good old cash. They help build personal relationships and trust between traders and provides an outlet for newer users to learn from more experienced ones. Of course, there is the occasional awkwardness, or the nearest seller being 3 hours away, or the insurmountable fear of leaving your basement (it's okay, we understand). Localbitcoin's online exchange is another method that offers any payment option imaginable by hundreds of bitcoin sellers online at all times. Prices vary, methods vary, user honesty also vary. This is perhaps the only major exchange at the moment that preserves anonymity of trades resonably well today. The reason for their success, is the same for bitcoins. Decentralization; peer-2-peer. I am a huge fan of localbitcoin and often traded there. However, their seemingly weekly feature updates, unintuitive UI and choice of words make navigation a bit tedious.
The GBSB Experience - Buyer
getBspendB is partly modeled after localbitcoin's decentralized nature, but serving a different purpose and offers many advantages over localbitcoin from Buyers' perspective. A fixed rate and fewer standardized options won't force Buyers from learning about all the different payment methods, or choosing between vendors based on their rate and reputation. The process needs only 20 minutes over 3 vists to the site, and 2-3 day wait to become the newest proud bitcoin user. Buying bitcoins is now literally as easy as shopping on Amazon.
  1. First visit requires registration, and selection a wishlist of suitable value to purchase for. Confrm the purchase after paying (Protip: Amazon Prime is your friend) and come back when Amazon has shipped.
  2. The second visit simply involves pasting the tracking number so everyone knows package ETA.
  3. Once package arrives, Spender confirms, Buyer logs back in one final time to withdraw the bitcoins.
Currently available options for Spenders
actual stuff selling for cheaper than dollars, rather than for more money than dollars
-nanotube, founder of #bitcoin-otc and Web of Trust, in private IRC conversation
The purchasing power of bitcoin has significantly improved in the past several months. 3 new types of "general stores" like Amazon have emerged on the scene.
  • The oldest is bitcoinstore. Users generally report competitive prices but tedious user experience. Bitcoinstore is in a unique position to be the Amazon of bitcoin, but they do not seem to be making an effort to improve the UI and search functions of the site, making potential savings less desirable. The sophisticated bitcoin users understand that time = money.
  • Another class of options is the all4btc and the defunct bitspend.net model. These services allow users shop as they normally would on their favorite sites, but rather than buying via credit card, they'd submit the item to these services, which return with a price in BTC to pay including an added processing fee for their effort to manually purchase the item for the customer. A more serious flaw of these businesses is an issue of unproven security and additional party to trust with your personal information. All4btc claims a 5% fee, but a quick test using same coconut water resulted in an invoice of ฿0.3672* or $46.08 in market USD cost. It wasn't clear as to what caused 70% markup, but the average US bitcoiner who probably has credit cards (or access to gift cards) has no economic incentive to pay any additional fee. There was a fee to buy bitcoins, so certainly there shouldn't be another to spend them. All4btc does have a seemingly cool chrome plug-in that can simplify purchases, but I got an error while trying to install so was not able to test. Bitspend is now defunct, partly due to their quick success and unscalability. Because orders were processed manually, the appearance of security and professionalism brought in enough customers that they were more often offline, waiting for mtgox withdraws. Abusing Amazon Prime TOS, Chase credit card benefits, and endless money cycling basically forced the bank to close their accounts.
  • Finally, several gift card vendors like gyft and egifter opens up many great merchants, including Amazon, to bitcoin consumers. Users comments are generally very favorable. The only drawbacks are the additional middlemen, smartphone app is sometimes required, and the bitcoins are likely converted directly to USD thus not actually expanding the bitcoin economy. Selection is wide enough such that if one dares to risk most of his net worth in bitcoin, he can at least stay alive.
    *rate of $125. 
The GBSB Experience - Spender
Because merchants benefits form near zero transaction costs of bitcoin and zero fraud risk, the reputable and competitive merchant must reduce the price (about 5%) on items paid in bitcoin. Given the hassle and cost of acquiring bitcoins, zero premium is still an uneconomic choice for the consumer. This lack of economic benefit is the sole barrier preventing bitcoin from becoming the glorious currency it should be. We aim to keep the fee low enough so that it's always cheaper for Spenders to replaced spent coins from exchanges in order to create a deep market for Buyers.
Remainder in comments
Or get on the list now!
submitted by getBspendB to getBspendB [link] [comments]

IF BITCOIN BREAKS THIS LEVEL - PRICE WILL EXPLODE!! BTC PRICE RIGHT ON THE EDGE BITCOIN IS FALLING RIGHT NOW!!! THIS IS WHY!!! URGENT: BITCOIN IS ABOUT TO EXPLODE - Here's Our Target (btc price prediction today news market ta) BITCOIN BREAKOUT IMMINENT!!!  $7,000,000,000,000 PRINTED BY THE FED!! BRRRRR WARNING!!!!! BITCOIN 50% DUMP IN 10 DAYS!!!??? + A Secret 40% Altcoin Trade

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IF BITCOIN BREAKS THIS LEVEL - PRICE WILL EXPLODE!! BTC PRICE RIGHT ON THE EDGE

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