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Now accepting Bitcoin payments

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

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Marilyn222's avatar - thumb 350-286546.jpg
Denver
United States
Member #117684
October 12, 2011
552 Posts
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Posted: May 16, 2014, 6:12 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 are different Bitcoins depositories in the world.

White Bounce

    Gleno's avatar - Lottery-001.jpg
    New Jersey
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    September 25, 2009
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    Posted: May 16, 2014, 6:18 pm - IP Logged

    Bitcoins are out of my league but it's great to read the news. If Todd accepts them for payment then He is obviously more in the Know, than most.

    Yes, the Media has strange way of keeping financial news muzzled away from us less sophisticated folks.  Just wondering what site really provides good financial info and news, and know that  it  does not come cheap.

    Are The Financial Times Newspapers a reliable source of info for jackpot winners or is it focused for the super rich and business magnates? 
     Have nothing against the super rich or business tycoons but they are more than just a curiosity. No doubt, they are very shrewd with money management and the ways of accumulating more wealth.   Just asking...

    Wink

      Marilyn222's avatar - thumb 350-286546.jpg
      Denver
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      Member #117684
      October 12, 2011
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      Posted: May 16, 2014, 6:22 pm - IP Logged

      Bitcoins are out of my league but it's great to read the news. If Todd accepts them for payment then He is obviously more in the Know, than most.

      Yes, the Media has strange way of keeping financial news muzzled away from us less sophisticated folks.  Just wondering what site really provides good financial info and news, and know that  it  does not come cheap.

      Are The Financial Times Newspapers a reliable source of info for jackpot winners or is it focused for the super rich and business magnates? 
       Have nothing against the super rich or business tycoons but they are more than just a curiosity. No doubt, they are very shrewd with money management and the ways of accumulating more wealth.   Just asking...

      Wink

      The mechanics behind digital currency appear complicated, but the major problem facing it is easy to understand. What would keep you from using it more than once? Assuming your digital currency was placed in your digital wallet, why couldn't you send it out to multiple people at the same time? With traditional currency there is a physical exchange, and unless you have exceptional resources that allow you to counterfeit, you can only use it once until you earn it back.

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        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 16, 2014, 6:25 pm - IP Logged

        The mechanics behind digital currency appear complicated, but the major problem facing it is easy to understand. What would keep you from using it more than once? Assuming your digital currency was placed in your digital wallet, why couldn't you send it out to multiple people at the same time? With traditional currency there is a physical exchange, and unless you have exceptional resources that allow you to counterfeit, you can only use it once until you earn it back.

        No, this is not an issue with modern crypto currencies like Bitcoin.  You cannot spend amounts more than once and you cannot send the same Bitcoin to multiple people.

         

        Check the State Lottery Report Card
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        Sign the Petition for True Lottery Drawings
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          Marilyn222's avatar - thumb 350-286546.jpg
          Denver
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          Posted: May 16, 2014, 6:30 pm - IP Logged

          I'm talking about counterfeit. Although you can only spend it just once.

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            Marilyn222's avatar - thumb 350-286546.jpg
            Denver
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            Posted: May 16, 2014, 6:32 pm - IP Logged

            Smile

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              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
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              Posted: May 16, 2014, 6:33 pm - IP Logged

              I'm talking about counterfeit. Although you can only spend it just once.

              Right.  With Bitcoin counterfeit is not an issue.  It's much easier to counterfeit a $100 bill.  Nobody has figured out how to counterfeit a Bitcoin.

               

              Check the State Lottery Report Card
              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, 6:35 pm - IP Logged

                True...and they cannot wash monies with it too since it is electronic.

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                  Marilyn222's avatar - thumb 350-286546.jpg
                  Denver
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                  Posted: May 16, 2014, 6:37 pm - IP Logged

                  My point is that...Bitcoin is the future currency.

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                    Marilyn222's avatar - thumb 350-286546.jpg
                    Denver
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                    Posted: May 16, 2014, 6:44 pm - IP Logged

                    Unless handled properly, otherwise.

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                      Artist77's avatar - batman14

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                      Posted: May 16, 2014, 7:40 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.

                      Yes and this is a direct word for word quote from youtube and various other sites. Always more proper to give attribution or use quotation marks when you cut and paste blocks of text over and over and over (multiple ones in this thread).

                      J'aime La France.

                        mypiemaster's avatar - 2015021003pileofcash
                        JACKPOT HUNTER

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                        Posted: May 16, 2014, 10:52 pm - IP Logged

                        Plagiarism is highly frowned upon. Always give credit where credit is due. When will the Chief Bottle Washer start carrying {materials}books about all these CRYPTOCURRENCIES, or does he already?

                        http://ecx.images-amazon.com/images/I/51cWdrjcgvL._BO2,204,203,200_PIsitb-sticker-v3-big,TopRight,0,-55_SX278_SY278_PIkin4,BottomRight,1,22_AA300_SH20_OU01_.jpgBORROW THIS ONE FOR FREE AT A*****.COM. It is very good for beginners.

                        Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                        Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                          Marilyn222's avatar - thumb 350-286546.jpg
                          Denver
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                          Posted: May 16, 2014, 11:24 pm - IP Logged

                          Plagiarism is highly frowned upon. Always give credit where credit is due. When will the Chief Bottle Washer start carrying {materials}books about all these CRYPTOCURRENCIES, or does he already?

                          http://ecx.images-amazon.com/images/I/51cWdrjcgvL._BO2,204,203,200_PIsitb-sticker-v3-big,TopRight,0,-55_SX278_SY278_PIkin4,BottomRight,1,22_AA300_SH20_OU01_.jpgBORROW THIS ONE FOR FREE AT A*****.COM. It is very good for beginners.

                          Understandable. Satoshi Nakamoto is the founder of Bitcoin it was indtroduced in Jan. 3, 2009.

                          White Bounce

                            duckman's avatar - ducklogodrake64x64
                            Jacksonville Florida
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                            Posted: May 17, 2014, 12:28 am - IP Logged

                            Bitcoin is not without its risks and scandals. I've been following the Mt. Gox Bitcoin scam/scandal/hack/etc and this illustrates one problem for Bitcoin.

                            From the wiki:

                            "Mt. Gox was a Bitcoin exchange based in Tokyo, Japan. It was launched in July 2010, and by 2013 was handling 70% of all Bitcoin transactions. In February 2014, the Mt. Gox company suspended trading, closed its website and exchange service, and filed for a form of bankruptcy protection from creditors called minji saisei, or civil rehabilitation, to allow courts to seek a buyer. In April 2014, the company began liquidation proceedings. It announced that around 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. Although 200,000 bitcoins have since been "found", the reason(s) for the disappearance�theft, fraud, mismanagement, or a combination of these�are unclear as of March 2014. There has been some speculation of hackers being responsible for the missing Bitcoins, but no case has been proven..."

                            Forbes also had an interesting article on the Mt. Gox collapse a couple of months ago.

                              Artist77's avatar - batman14

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                              Posted: May 17, 2014, 6:58 am - IP Logged

                              I think 99.9% of the LP members know my plagiarism comments were referring to Marilyn only. It seems to be her thing to try to show her alleged "sophistication." She does it so often and to such a high degree, I wanted to point this out.

                              J'aime La France.