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Now accepting Bitcoin payments

Topic closed. 48 replies. Last post 3 years ago by Gleno.

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Todd's avatar - Cylon 2.gif
Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23273 Posts
Online
Posted: May 13, 2014, 3:21 pm - IP Logged

As of today, Lottery Post accepts Bitcoin payments for membership upgrades and renewals.

Like PayPal payments, using Bitcoin will instantly credit the upgrade or renewal to your account at Lottery Post.

Bitcoin is a relatively new form of electronic payment that is completely anonymous and secure, and avoids the use of banks or credit cards.  Some of the more "tech-savvy" members of Lottery Post will probably know what it is, but people who aren't sure about it can watch the video below for an intro.

Of course, payments can continue to be made using PayPal or direct credit card method.  And as a reminder, when using a credit card, PayPal is always the preferred way of paying, because your upgrade will happen instantly, and you are not required to have a PayPal account in order to use it.

Here's a brief into to Bitcoin:

More information about Bitcoin can be found at bitcoin.org.

 

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    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
    Oklahoma
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    Member #82391
    November 12, 2009
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    Posted: May 13, 2014, 9:49 pm - IP Logged

    Thanks Todd..

    I Love Pink & Green 1908


      United States
      Member #128790
      June 2, 2012
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      Posted: May 15, 2014, 3:57 pm - IP Logged

      I thought I recently heard on the news that bitcoins were deemed worthless. I heard it on a radio news break about two or three weeks ago. Unless of course they made a comeback.

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
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        May 31, 2000
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        Posted: May 15, 2014, 5:10 pm - IP Logged

        I thought I recently heard on the news that bitcoins were deemed worthless. I heard it on a radio news break about two or three weeks ago. Unless of course they made a comeback.

        If you think so, feel free to spend your "worthless" bitcoins here.

        I would not trust a single thing said about Bitcoins in the mainstream news media.  They are truly clueless.

         

        Check the State Lottery Report Card
        What grade did your lottery earn?

         

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        Help eliminate computerized drawings!


          United States
          Member #128790
          June 2, 2012
          5431 Posts
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          Posted: May 15, 2014, 5:38 pm - IP Logged

          If you think so, feel free to spend your "worthless" bitcoins here.

          I would not trust a single thing said about Bitcoins in the mainstream news media.  They are truly clueless.

          I doesn't have any bitcoins, just curious.

            mikeintexas's avatar - tx avatar-1.gif
            Texas Panhandle
            United States
            Member #136843
            December 20, 2012
            1280 Posts
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            Posted: May 15, 2014, 9:51 pm - IP Logged

            I remember reading a story from last yr. about a guy in Norway or Finland who had bought the equiv. of $27 worth of Bitcoins back in 2009, forgot about them and then couldn't remember his password.  He finally figured it out and was astounded to find that his investment was worth over $800,000 now.  He's buying a home with it.

              JonnyBgood07's avatar - Patriots logo1.jpg
              Connecticut
              United States
              Member #61623
              May 29, 2008
              20581 Posts
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              Posted: May 15, 2014, 9:58 pm - IP Logged

              If you think so, feel free to spend your "worthless" bitcoins here.

              I would not trust a single thing said about Bitcoins in the mainstream news media.  They are truly clueless.

              I'm glad you said that because I was in awe when I saw "Overstock" have it as in option....hail to competing currencies!

              "No matter how bad things may get, I'd like to thank my middle finger

              for always sticking up for me.."

               


                mikeintexas's avatar - tx avatar-1.gif
                Texas Panhandle
                United States
                Member #136843
                December 20, 2012
                1280 Posts
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                Posted: May 15, 2014, 10:20 pm - IP Logged

                I'm glad you said that because I was in awe when I saw "Overstock" have it as in option....hail to competing currencies!

                And I read a while back that Germany has officially recognized it as a "financial instrument".

                "Hail to competing currencies", for sure!  A statement I'd expect from a fellow fan of the good doctor.

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
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                  Posted: May 15, 2014, 11:26 pm - IP Logged

                  As of today, Lottery Post accepts Bitcoin payments for membership upgrades and renewals.

                  Like PayPal payments, using Bitcoin will instantly credit the upgrade or renewal to your account at Lottery Post.

                  Bitcoin is a relatively new form of electronic payment that is completely anonymous and secure, and avoids the use of banks or credit cards.  Some of the more "tech-savvy" members of Lottery Post will probably know what it is, but people who aren't sure about it can watch the video below for an intro.

                  Of course, payments can continue to be made using PayPal or direct credit card method.  And as a reminder, when using a credit card, PayPal is always the preferred way of paying, because your upgrade will happen instantly, and you are not required to have a PayPal account in order to use it.

                  Here's a brief into to Bitcoin:

                  More information about Bitcoin can be found at bitcoin.org.

                  Thumbs Up Cool.

                    Todd's avatar - Cylon 2.gif
                    Chief Bottle Washer
                    New Jersey
                    United States
                    Member #1
                    May 31, 2000
                    23273 Posts
                    Online
                    Posted: May 16, 2014, 8:08 am - IP Logged

                    I remember reading a story from last yr. about a guy in Norway or Finland who had bought the equiv. of $27 worth of Bitcoins back in 2009, forgot about them and then couldn't remember his password.  He finally figured it out and was astounded to find that his investment was worth over $800,000 now.  He's buying a home with it.

                    That's a true story.  He actually bought an apartment building.

                     

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                      Drenick1's avatar - villiarna
                      USA
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                      February 25, 2014
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                      Posted: May 16, 2014, 8:31 am - IP Logged

                      I remember reading a story from last yr. about a guy in Norway or Finland who had bought the equiv. of $27 worth of Bitcoins back in 2009, forgot about them and then couldn't remember his password.  He finally figured it out and was astounded to find that his investment was worth over $800,000 now.  He's buying a home with it.

                      He was from Norway and cash out something like 20% to purchase a high end apartment in a very nice part of town.

                        Marilyn222's avatar - thumb 350-286546.jpg
                        Denver
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                        October 12, 2011
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                        Posted: May 16, 2014, 5:35 pm - IP Logged

                         The value of Bitcoins were initially highly volatile during the first few years of it’s inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.

                        White Bounce


                          United States
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                          Posted: May 16, 2014, 5:44 pm - IP Logged

                          I remember reading a story from last yr. about a guy in Norway or Finland who had bought the equiv. of $27 worth of Bitcoins back in 2009, forgot about them and then couldn't remember his password.  He finally figured it out and was astounded to find that his investment was worth over $800,000 now.  He's buying a home with it.

                          Do you mean he bought $27 worth of bitcoin stock and made $800,000?

                          To be honest once I forget my password, I never figure it out.

                          Unless I wrote it down somewhere.

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
                            New Jersey
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                            Posted: May 16, 2014, 6:04 pm - IP Logged

                            Do you mean he bought $27 worth of bitcoin stock and made $800,000?

                            To be honest once I forget my password, I never figure it out.

                            Unless I wrote it down somewhere.

                            There is nothing called "bitcoin stock".  One buys Bitcoins, not stock.  The guy purchased $27 worth of Bitcoins, and it was later worth $800,000.

                            He didn't forget his password.  He forgot that he had bought the Bitcoins a few years earlier, and when he remembered and checked it was worth a lot more.

                            Here's the story:  http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home

                             

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                            What grade did your lottery earn?

                             

                            Sign the Petition for True Lottery Drawings
                            Help eliminate computerized drawings!

                              Marilyn222's avatar - thumb 350-286546.jpg
                              Denver
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                              Posted: May 16, 2014, 6:09 pm - IP Logged

                              Public key encryption combines a public key and a private key. While the public key is available to anyone, the matching private key is stored securely in the digital wallet and is generally password-protected. Each Bitcoin transaction is signed by the private key of the initiating user, providing mathematical proof that it has indeed originated from the owner of the address, and preventing the transaction from being altered once it has been issued. Since the key pair is mathematically related, any data or information encrypted with a private key may only be decrypted or deciphered with the corresponding public key and vice versa.

                              White Bounce