Austin gun shop accepting Bit Coin

[breakingcontact]

Where does one acquire these "Bitcoins"? Do you trade dollars for bitcoins?

You get them as change after we using bitdollars in vending machines. Actually I think there is an exchange but probably lots of sharks in that water. I'd have to do some research before jumping in.

Sent from my SAMSUNG-SGH-I747 using Tapatalk

 

[Southpaw]

Where does one acquire these "Bitcoins"? Do you trade dollars for bitcoins?

How to Buy Bitcoins in United States (USA / Northern America)

 

[Phoneguy]

You can still create your own bitcoins but it is very slow to do so. And unless you have access to free electricity, it's might not be worth it.
NewsLobster (Y)^_°(V) - How to get started using your GPU to mine for Bitcoins on Windows
https://bitcoin.org/en/

Here is the current US Market data (updates automatically).
Bitcoin Charts / Markets / USD

Bitcoin Wiki

 

[RACER X]

It's like buying a foreign currency and then selling it later, it's very volatile so you could lose our you could gain.


Recently a guy was arrested fur laundering $ for the Russian mob

 

[benenglish]

Like anything, it's hard to tell in the early days if something is going to catch on. Here's my favorite story about someone who took a quick look at bitcoins early on and didn't appreciate their potential enough to bother to keep track of his.

Oops.

IT pro says he threw out 7,500 bitcoins, now worth $7.5 million | Ars Technica

 

[Phoneguy]

And when the FBI took down the Silk Road (drug distribution website) owner, they "took control" of 28.5 million dollars in bitcoins. The central bank doesn't want competition. The 1% doesn't want it to become a "legitimate" currency even though it kinda has. And the US government has been told by politicians' rich friends, banking industry, etc that they don't want it.

 

[benenglish]

And when the FBI took down the Silk Road (drug distribution website) owner, ...

Browsing Silk Road was fun. I never did any business there and they weren't limited to drugs (though the volume of the drug sales dwarfed everything else put together) but the place was a fun onion to peel. I haven't visited the new Silk Road. I wonder if it's as viable as its predecessor.

 

[M. Sage]

OK, so bitcoin is a commodity? Let's say that I use bitcoin to purchase a pistol and at that time the market is soft, then would the pistol cost me more? But then the seller holds his bitcoin then the the market goes up and he cashes out, would he increase his profit two ways? First he got more bitcoin from me at the time of the transaction, plus the increase in market value at the time of the exchange? That will take buying toilet paper to a whole new level!!

hardcase60

Yes to all, and the same holds true of Dollars, Pesos, Yen, Euros, and every other currency out there.

 

[Edwarethered]

Easiest way to get in is to get on one of the newer coins that you can exchange for bit coin, mine the hell out of them on your PC untill the difficulty gets too high, Convert them over to Bitcoin, then start the process over on the next new coin. Mining bitcoin with any degree of success at this point takes a computer set up far beyond what most of us here probably have.

 

[35Remington]

This is a cool way to buy them. I hope it catches on: RoboCoin, The First $20,000 Bitcoin ATM, Now Available For Pre-Order | TechCrunch


RoboCoin, a kiosk that allows you to trade Bitcoin for other currencies, is now available for pre-order and should be shipping for “Fall 2013.” Lest you decide to become the Bitcoin bank for your neighborhood, remember that the machine costs $20,000 ($18,500 for early birds) and can currently trade BTC for USD.
The device is essentially a hardened, ATM-like machine with biometric time locks and privacy-shielded touchscreen. It can accept and dispense cash (and is “International denomination-ready”) and is Wi-Fi and 3G-enabled.
According to a blog posting the team is ready to change the way Bitcoin is bought and sold.
“RoboCoin represents a compelling investment for business owners,” they write. “They’ll earn a percentage of transactions and attract Bitcoin’s loyal user-base, while also offering unprecedented access and ease-of-adoption to Bitcoin newcomers. Furthermore every Robocoin on the market increases Bitcoin liquidity and usage, putting upward pressure on the digital currency’s valuation, awareness, and legitimacy.”
Robocoin first surfaced in in San Jose at a Bitcoin conference and is directly competing with Lamassu Bitcoin Ventures Bitcoin ATM. This model connects directly to Mt. Gox or Bitstamp, two BTC exchanges, for instant funding.
Having a real, working ATM will add a considerably energy to the Bitcoin market. While these units are arguably expensive (a cheap ATM tops out at about $3,000) it’s clear that the back end is what matters here and not the box. Wheeling one of these into, say, a hacker conference or other con would get you plenty of traffic and improve the standing of Bitcoin in general. Once BTC to other currency transactions are commonplace, it’s clear that cryptocurrencies may have even more of a fighting chance.

 

[Anger]

why can't this thread die ?

 

[35Remington]

why can't this thread die ?

The thread, or the bit coin discussion? The thread is here because you just bumped it up.

 

[Anger]

The thread, or the bit coin discussion? The thread is here because you just bumped it up.

dam me, dam me to hell you dirty apes (said with Charlton Heston accent)

 

[Edwarethered]

dam me, dam me to hell you dirty apes (said with Charlton Heston accent)

Heh, You double bumped it. My turn now. Meanwhile, the value of bitcoin went up again. I now have approx $4.91 worth of coin

 

[Nate C]

Last week the BTC-to-USD exchange rate was at $895. This morning it was at $105. This afternoon it was back at $695. If you are into currency speculation, you'd be better off sticking with the Iraqi Dinar.

 

[Southpaw]

Silk Road 2 Hacked: Entire Bitcoin Wallet Drained, $2.7 Million Stolen

“It takes the integrity of all of us to push this movement forward,” Defcon said. “Whoever you are, you still have a chance to act in the interest of helping this community.”
“Being a part of this movement might be the most defining thing you do with your entire life. Don’t trade that for greed, comrades.”

Yeah... that'll get it back!!!

 

[benenglish]

Silk Road 2 Hacked: Entire Bitcoin Wallet Drained, $2.7 Million Stolen

Damn. Just...damn.

 

[Das Jared]

Damn. Just...damn.

How would I go about browsing silk road? Or is it something I should just avoid altogether

sent from Jennifer Lawrence's bedroom

 

[Phoneguy]

How would I go about browsing silk road? Or is it something I should just avoid altogether

Deepnet or Deep Web is the 95% of the web that the sheeple don't go to. I use a Linux machine. Too many vulnerabilities with Windows. There is much discussion about when browsing Deepnet that nefarious folks are scanning for access to any computer attached. Most folks disable their microphones and disable/unplug their webcams. It's not a bad place but there are more than a few "bad" areas.

Deep Web - Wikipedia, the free encyclopedia
https://sites.google.com/site/howtoaccessthedeepnet/working-links-to-the-deep-web
https://www.torproject.org/
INFOGRAPHIC: Exploring the Deep Web with Semantic Search

 

[benenglish]

How would I go about browsing silk road? Or is it something I should just avoid altogether

How far can I boil it down and still keep you safe?

Silk Road is a hidden service (aka onion site) accessible only via anonymizing, encrypted routing software.

The easiest intro that's also safe would be:

1. Download TAILS from https://tails.boum.org/download/index.en.html
2. Burn it to a CD.
3. Boot your machine from that CD.
4. Browse. For destinations, see tip #2, below.

Tips and caveats.

1. By default, TAILS does not touch your hard drive. You won't be able to save data to it or access it while using TAILS. Until you understand the risks, use all default settings. When you feel you're ready to mess with that default, come back and ask me why I think it's necessary to downgrade to version 21 to keep finer-grained control of your online safety. You may decide I'm being alarmist and ignore me but at least let me give you some input.
2. The easiest source of initial links is Wikipedia. After booting into TAILS, look up the Wikipedia article on TOR. (So you'll recognize it when you see it again, it's here: Tor (anonymity network) - Wikipedia, the free encyclopedia ) At the end of the article (here: Tor (anonymity network) - Wikipedia, the free encyclopedia ), there are onion links to both The Hidden Wiki and Silk Road. From those two starting points, you can find links to take you pretty much anywhere on the onion network.
3. Never use TOR to visit any web sites on the clearnet where you have an identifiable presence. Never identify your real-world self while on any darknet. Keep your darknet and clearnet lives entirely separate.

That's as brief as I can be and still feel that I won't be getting anyone in any trouble.

When the onion network and router get to be too simple and mainstream for you, come back and ask me about I2P and Freenet.

ETA -

1. Onion routing is slow; do not expect onion sites to pop up in your browser like on clearnet. It's more like using a 300bps analog modem.
2. Regarding Freenet, if anyone reading is active, don't ask me for trust. I don't run private. I don't want your node identification and won't provide mine. I shouldn't have mentioned Freenet but I couldn't resist the joke.