Mining:
Subforums:

1) How to start\Faq`s, questions
2) Software
       1a) Windows (or Linux ETC based, dose not matter)
       2a) Other     (or Windows ETC based, on taste of moderator)
3) Hardware.
4) Pools related.
5) Other (rants, suggestions, conspiracy)

I made noise on several posts about lending liquidity to exchanges (because I found myself doing it involuntarily anyway.)  I got the following question:

  "Also, what benefits do you think holding a larger amount of BTC would have for an exchange? At this stage it just seems like a liability but I'd like to hear your thoughts."

My answers, most of which I pulled straight out of my ass just now:

1)  The primary thing I was thinking of was for futures and options, and that is what Jered (Tradehill) mentioned in his gracious response to my whining.  I think that CampBX was projecting something like a 50% margin which leaves need for some BTC to loan out to the (likely suicidal) trader.

2)  If exchanges have need to keep some sort of escrow in the form of BTC, it could be more convenient to satisfy liquidity needs from a different pool.

3)  The exchange could use it as working capital to fund expansions assuming there are not bound by "don't get high on your own supply" type regulations...if there are any regulations at all in this regard.

4)  An exchange, unlike almost any other entity, could give themselves a pretty healthy discount on conversion to 'official' currencies and they themselves fund different enterprises.

3 and 4 are basically a way for someone who has some excess liquidity in BTC to 'invest' in a way.

---

As for myself, I am neither a giant BTC holder, nor a very trusting person.  Before _I_ would do anything like this, I would want to see an established track record and a good bit of visibility.  I cannot see it being worth the time of any exchange, even if they had a need for the funds, to prove that they are trustworthy to my satisfaction.  Not for the kind of money _I_ have to play this angle at the present time.

I also cannot see there being enough value to be had to distribute much back to the 'investor'.  But who knows...I'm not an MBA (and indeed have no business or entrepreneurial experience at all.)

Hey folks,

Just wondering whether the following would word to avoid the income tax:

1. Receive Payments in Bitcoins
2. Buy Commodity using Bitcoins (such as Gold coins)
3. Sell Gold for Money

Where's my mistake or does it really work?

bosshyip

What happened to the adult site listings on the marketplace page? Why were they deleted?

So I'm looking at doing some basic little programming projects as I've finally found something with a small problem domain that I think I can solve.

I've seen some links to some bitcoin exchange value aggregators, that take the USD value from various exchanges and cut them together in JSON feeds.

Can anyone link me to this?  I can't remember anything about the threads other than these links, and I can't even come up with proper search terms to find them.

I want to write a little python program that grabs this feed and shows it in a nice little program.  That or a little android program that does it.  Either way it should be modestly rewarding and useful.

Thanks!

Hey all, this is my first post to Bitcoin. I don't get who or what creates the value backing the currency but I am always interested in money theory so I would like to investigate using it on my website. I've launched a quite different web directory that is set up to broker web traffic from website to website.

It offers free advertising but also offers opportunity to bid to get in higher positions. I would like to accept Bitcoin as payment but am having a hard time wrapping my head around distributing it as commissions.

You see, my web directory can be installed on any number of websites. Each site therefore contributes traffic. Each site also gets to offer paid positions for sale so the value of that position increases because the web traffic is aggregated. I pay each site 50% of the ad fee each and every month for any paid ads they sell.

So I would have to have them agree to get paid in non-redeemable-for-cash BitCoins right? They could use them to buy traffic themselves or buy other Bitcoin products from other vendors. Does that sound like how Bitcoins could be used on my site?

There's old computer equipment in our homes...but I wonder if there's a market for electronic junks in the bitcoin market

What are the best methods to trade with BTC to real money? Let´s discuss it here. My hope is that this discussions will increase the change options and services. I write down a list of known cashout services here, some of them I have checked on my own, others not so far.

By mail or mixed (multiple withdrawal options)
They won't allow any kind of exhange system, but if BTC is traded between people it shouldn´t be a problem. Chargebacks could be a problem, cause then the BTC change service would need to hold the bitcoins back for some days. The accounts of such an BTC change service is then under risk to be closed. So maybe they can only be used to trade person to person while using some kind of reputation system
Paypal.com
Moneybookers.com: No Chargeback?, MB-Debitcard with cashout for 1.80€ ww available
Paymate.com (US, AU, NZ)
Dwolla.org (US-only?)
Alertpay.com
Amazon Payments
Google Checkout
Popmoney.com
Serve.com
CertaPay.com (Canada only)
Checkfreecorp.com (US only?)
Alipay.com (biggest in China, cooperates with Paymate)

By cellphone using a cc or debit
Trading from card to card without giving your card number away. Registration is easier than at Paypal or Moneybookers, cause they don´t want a copy of your passport or something like this. Only card and cellphone needed.
Venmo.com (500$ wt-Limit)
Liqpay.com (Ukrainian)
Xipwire.com (US only?)

By flexible voucher (Code/Scan per Mail)
Can be used for online-shopping, but they can also be cashed into some debits/cc. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used. Scans of for e.g. Ukash cards are much more saver than a code per mail.
Ukash.com
Paysafecard.com
Moneypak.com

By specific voucher (Code/Scan per Mail)
like restaurants, amazon, etc. This is more shopping than cashout. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used, for e.g. Amazon may let you pay again if the voucher was illegal. They may also have been buyed by using a stolen card, and the person buying it gets the trouble. On the other hand, if these vouchers are coming from a reliable trader this may work very well.

Debitcards with multible cashin options
for e.g. the flexible vouchers above
Neteller.com

By other virtuell currency
Selling BTC for a virtuell currency and then withdraw this for e.g. by debitcard
Ecardone.com
Xmlgold.net
Wmtransfer.com (aka Webmoney, Russian)
VirWoX.com (Exchanger)

By money-transfer companys
There are alternatives to Western Union
Moneygram.com
Xoom.com (from US-Account or cc/debit)
Transferwise.com Bank2Bank incl. EUR2GBP exchange

By online-shopping / customer2shop
These processors can only be used for onlineshopping if the shop is accepted by them. Someone may open a shop for BTC-vouchers.
Cashu.com (Arab, withdrawal not possible)
Clickandbuy.com (German)
Allpayments.net (British)
Billsafe.de (German)

By payment processors
A BTC service could sell BTC directly to customers, if it has its own way to buy or get BTC
Mopay.com
Verotel.com
Plimus.com
2Checkout.com
Nochex.com
Free-merchant.com (Low Price Guarantee)
Hyperwallet.com (Payment platform for companys)
Propay.com

Directly to customers in RL
Gopayment.com
Squareup.com
Cash

Other
Ebay, by selling BTC vouchers
Debit-Gift Cards
Virtual debit cards
Checks
Money by mail
Bankwire

Please add more, and write to which category they could be counted. First it wasn´t my plan to update the first article permanently, now I may do this sporadically.