Be sure to bitcoins with an how accountant or better yet cash tax attorney so your discussion are covered by attorney client priveledge i guess. Bitcoins are a purely electronic currency. I think it would be stupid. Select Amount to Exchange. News articles that do not contain the word "Bitcoin" are usually off-topic. As long as there is a Out Road, there is a demand for bitcoin. What kind of bunk is that?
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Oddly enough, I'm OK with that. Transactions are usually done via deposits or wires to your bank account, after which you are expected to transfer the agreed amount of bitcoin to the specified address. And then take that deed down to the court house and register it. In the meantime, here's a list of various methods: In america you could do this in every state i beleive property transfers are usually covered by state laws and all are consistent with the exemption of lousianna which has some old french law history.
Bitcoins entering the how we generated a unique deposit address where you should send your Out. We previously collected donations to fund Bitcoin advertising cash, but we no longer accept donations. There will be plenty of individuals cash will sell you large things for out. You bitcoins even get bank notes redeemable Bitcoin "vouchers" from a trusted party. How buy a cash bitcoin atm machine and load it with some of your bitcoins as people buy them.
I am happy to announce that www. This new service allows sellers of bitcoins to list their bitcoins for sale on our website for free. We find the buyers of the bitcoins for the sellers, and instruct the buyers to deposit cash into the seller's personal bank accounts. We had our first round of bitcoins loaded onto the site yesterday, and within a couple of hours, the bitcoins were purchased and the seller received a cash deposit for the bitcoins deposited into his bank account. The seller received full current MtGox rates, and did not incur a single cent in fees.
Cash was deposited into the seller's account and the buyer of the bitcoins is just as happy with the service as the seller. I started a thread at Bitcointalk. With that being said, if you own bitcoins and want them sold without incurring any fees, you can load them for onto our site for free. We will find a buyer for you who will deposit cash into your personal bank account. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.
Log in or sign up in seconds. Submit link NOT about price. Submit text NOT about price. Bitcoin subscribe unsubscribe , readers 11, users here now Bitcoin is the currency of the Internet: You can also explore the Bitcoin Wiki: Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. No referral links in submissions. No compilations of free Bitcoin sites. Trades should usually not be advertised here. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here.
New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. Related communities Sorted roughly by decreasing popularity. Welcome to Reddit, the front page of the internet.
Become a Redditor and subscribe to one of thousands of communities. This is an archived post. You won't be able to vote or comment. Want to add to the discussion? By contributing processing power, you enter yourself into the hourly lotteries. The actual face of these lotteries seem to shift with the winds. For the processing power that the program needs, it has been found that most gaming quality GPUs are far better suited than the CPU.
There have been other efforts to collectively mine through mining pools, and various other community efforts.
Note that if you plan to mine for bitcoins, you will need to remember that your processing power isn't free. If you're leaving your computer on to run additional cycles, then that's extra wear-and-tear on the machine and additional electricity costs.
Keep that in mind before you go whole hog. Once you have some Bitcoins, you can look into trading them on the existing coin markets. Note that these basically work like stock markets in many places. You can place a sell order and name the price that you want.
Buyers will also be naming their prices through bids, and once a bid matches your price, the order will be filled. Once again, the market for bitcoins is quite volatile, which means that marketplaces seem to rise and fall at rapid rates. Gox appears to be a fairly stable marketplace. Gox - This is one of the biggest marketplaces, so it's a good option. That said there are some initiatives to offer physical coins for example https: Take a look at http: You could print the secret information that you can use your Bitcoin with, but it is not quite the same as cash.
You could even get bank notes redeemable Bitcoin "vouchers" from a trusted party. That is pretty much what cash is. You would also take a lot of unnecessary risk, which could give you the authentic cash experience.
Yes, you can hold a "physical bitcoin" in your hand. You can trade it from person to person, and eventually turn it back into a digital coin if you wish. However, most often you will be only dealing in digital bitcoins. You don't need a bank account or a credit card to use those. They are stored in a so called "block chain" - a ledger of all transactions on bitcoins.
In order to spend them, you need your Bitcoin address and its private key - a really big random number. You can store it as a QR code, a file on a computer or anything, but you do need some special program to use those. If you are looking for an anonymous method of converting Bitcoins to cash, you should look at www. They will even send you your payment without you needing to show any ID. Completely anonymous way of converting your Bitcoins to cash.
There's Coinbase tied in with US banks, wires and withdrawals have fees but much faster to use than MtGox. That leaves localbitcoins and the far more suspect http: There are Robocoin ATMs now in general circulation but for traders, fees can be a problem.
If you can stick with BTC you'll do fine, but converting to cash is slow and costly. One option is to circulate through arbitrage and keep trading until 'enough' margin is available to dump a stack of coins in the market by discounting. The more we use and develop BTC, the better for us all. The value is increasing rapidly in the BTC market. How else can we sell our BTC for cash?
Lets keep working on this. One final word, please be very informed before looking at Ripple. Here's some food for thought. Search ripple scam for comment No, you can't hold a bitcoin in your hand. But you can hold a wallet though: Holding a wallet in your hand is holding a sheet of paper with a buch of numbers and letters which are the public and private key that refer to your wallet Actually the private key is the only one needed, with it you can generate the public one.
The accounting information is held in the blockchain spread arrown the world in thousands of computers. You don't need banks with bitcoin, your wallet is all you need and with your wallet you can buy in any store that accepts bitcoins.