So easy to gift people with Bitcoins. Should really add a gift multiple users though.
TL Store: Now accepting Bitcoin! - Page 6
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gold_
Canada312 Posts
So easy to gift people with Bitcoins. Should really add a gift multiple users though. | ||
Marou
Germany1371 Posts
On December 04 2013 10:00 gold_ wrote: Cool, just randomly selected someone on the first page for a gift TL+ to try it out. See how it goes. So easy to gift people with Bitcoins. Should really add a gift multiple users though. HAHA Thanks :D | ||
PooLsharK
Germany179 Posts
On December 03 2013 21:41 boxerfred wrote: some guy lost his hard drive with the key to a hell of a lot bitcoins. that equaled a loss of more than a million dollars if I remember correctly. you should've kept them http://www.liveleak.com/view?i=50b_1385680184 | ||
Marcus420
Canada1923 Posts
On December 04 2013 10:00 gold_ wrote: Cool, just randomly selected someone on the first page for a gift TL+ to try it out. See how it goes. So easy to gift people with Bitcoins. Should really add a gift multiple users though. Woah cool, thanks! Guess ill return the favor | ||
disciple
9069 Posts
On December 04 2013 09:45 Pittski wrote: BitCoins are cool and all, but They still have a lot of work ahead of them to equal out the amount of stress it puts on your PC. Also there was a scam going on either this year, or last year where someone in a major company included the bitcoin script into a program where anyone who got the program on their computer it was being used for his profit. The person was obviously caught and the the program was fixed, but A lot of people computers were reported damaged from the stress. Also, if you come to think of it. Bitcoins can ultimately really hurt the World Economy if it picks up. Since its basing its currency off thin air. It will increase national debt since it is not being produced off a Gold amount. No currency uses a gold standard anymore. € $ are all 'based off thin air'. Your thought process is correct, its just being going on for a while now and bitcoins wont be the start of it. | ||
Orcasgt24
Canada3238 Posts
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Amazonic
Sweden239 Posts
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Sufinsil
United States760 Posts
On December 04 2013 05:39 Oakenshield wrote: Bitcoin supporters only talk about the profit a few of them made, and never talk about the thousands of hours and dollars wasted and lost. Or the times it's been hacked. Or the fact that almost no one accepts it except for a now defunct illegal drug trade website. I'm really shocked that Team Liquid would even want bitcoins, I imagine they got some kind of a special deal from the company. This isn't a criticism, just genuine shock. Shock you did not bother to fully understand how well supported bitcoins are now. I am able to easily buy a gift card for Amazon, GameStop, Target and other stores via Gyft instantly. How I paid for half of my PS4 on black friday. | ||
Sufinsil
United States760 Posts
On December 04 2013 05:42 FabledIntegral wrote: Would it be possible to invest in bitcoins by simply buying one now and sitting on it, and hoping it appreciates in value? Similar to gold? Lots of people do that now, just like any other currency exchange market. The risk is it is extremely volatile right now. It was nice the .3 bitcoins I had mined went from $30 to $300 in 2-3 weeks. Now it is so slow to mine it is not worth it anymore really. Difficulty and how many miners there are nice are to high. Wish I had done it 2 years ago when my 7950 was new. | ||
peanuts
United States1224 Posts
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GeorgeyBeats
United Kingdom338 Posts
How long until TL accepts esports dollars as an official payment method? | ||
Izanagii
Spain14 Posts
www.reddit.com/r/starcraft/comments/19utdu/hey_rstarcraft_its_my_7th_cake_day_and_youre_my/ you should now be able to buy a t-shirt @ TL.net. By design, this is how a deflationary, open-source, decentralized currency is supposed to work. I won't ever give investment advice, but remember the old chinese proverb: "The best time to plant a tree is 20 years ago, the second best time is today". Enjoy! | ||
AlternativeEgo
Sweden17309 Posts
On December 04 2013 22:18 Izanagii wrote: If you were one of the people I gave $1 to 9 months ago here: www.reddit.com/r/starcraft/comments/19utdu/hey_rstarcraft_its_my_7th_cake_day_and_youre_my/ you should now be able to buy a t-shirt @ TL.net. By design, this is how a deflationary, open-source, decentralized currency is supposed to work. I won't ever give investment advice, but remember the old chinese proverb: "The best time to plant a tree is 20 years ago, the second best time is today". Enjoy! You planted that t-shirt for me but I didn't care to give it water. Apparently it died 21 days later. I am sorry. | ||
aFganFlyTrap
Australia212 Posts
On December 04 2013 05:39 Oakenshield wrote: Bitcoin supporters only talk about the profit a few of them made, and never talk about the thousands of hours and dollars wasted and lost. Or the times it's been hacked. Or the fact that almost no one accepts it except for a now defunct illegal drug trade website. I'm really shocked that Team Liquid would even want bitcoins, I imagine they got some kind of a special deal from the company. This isn't a criticism, just genuine shock. You havent been staying up to date then i guess.. More and more merchants are taking up bitcoin every day. From Wordpress to your local bar down the road. Places like Amazon etc are going to be accepting bitcoin in the near future too. | ||
aFganFlyTrap
Australia212 Posts
On December 04 2013 09:45 Pittski wrote: BitCoins are cool and all, but They still have a lot of work ahead of them to equal out the amount of stress it puts on your PC. Also there was a scam going on either this year, or last year where someone in a major company included the bitcoin script into a program where anyone who got the program on their computer it was being used for his profit. The person was obviously caught and the the program was fixed, but A lot of people computers were reported damaged from the stress. Also, if you come to think of it. Bitcoins can ultimately really hurt the World Economy if it picks up. Since its basing its currency off thin air. It will increase national debt since it is not being produced off a Gold amount. That was ESEA(not that big of a company) who coded it into their anti cheat program/login system. They just settled in court for a million dollars in damages. Not that big of a story. especially if you are using it as a cautionary story not to get into bitcoin. | ||
AySz88
United States83 Posts
On December 03 2013 22:37 Marcus420 wrote: we will be laughing when bitcoin doubles in price again Not the people trying to actually spend bitcoins instead of hoarding them. It's acting more like "artificial gold" than currency, with this whole deflationary bubble going on. (edit: To clarify, accepting bitcoins is a no-brainer; it's the spending them that's questionable....) | ||
sc14s
United States5052 Posts
On December 03 2013 21:34 ROOTSasquatch wrote: I once did some free coaching and the guy insisted on paying me 15 bitcoins, I had no idea what they were at the time so when I reformatted my computer I didn't bother saving the wallet . Seems like so many places are starting to use bitcoins though so It's nice that TL is too! 15x ~1100 atm .. $16500. Thats a whoopsie At least i dont feel as bad for losing the two that i had when my HDD went out. | ||
Bogeyman
Sweden307 Posts
Quite frankly though I'm the kind of person who in some ways also hate the stock market for similar reasons. Anyway... seeing as there's really no risk from TL's side (as has been mentioned earlier in this post) I can completely understand this move. I'm just not liking some aspects of the system. That said, I'm not so sure it's much worse than how other currencies are handled. I guess I'm just a bitter man. edit: also, it feels extremely unsafe to "store the money" on your harddrive. Sure, you can drop your wallet and lose money, and sure your bank could burn up in flames (figuratively speaking), but having a harddrive die doesn't feel like a way I'd be willing to lose all my money. | ||
Prillan
Sweden350 Posts
On December 05 2013 19:04 Bogeyman wrote: Could someone explain to me the idea behind generating bitcoins by letting computers "mine" them? This is exactly the kind of economical... well, bullshit to put it bluntly, that makes me lose faith in... humanity? Making money out of nothing just makes me think of blowing balloons. How can it possibly be that with a super computer, perhaps designed for this single purpose, one can create huge amounts of money? Why would we pay "real money" (let's face it, money is just an agreement of worth) for these mined bitcoins? Why would we support such a crazy system? Quite frankly though I'm the kind of person who in some ways also hate the stock market for similar reasons. Anyway... seeing as there's really no risk from TL's side (as has been mentioned earlier in this post) I can completely understand this move. I'm just not liking some aspects of the system. That said, I'm not so sure it's much worse than how other currencies are handled. I guess I'm just a bitter man. edit: also, it feels extremely unsafe to "store the money" on your harddrive. Sure, you can drop your wallet and lose money, and sure your bank could burn up in flames (figuratively speaking), but having a harddrive die doesn't feel like a way I'd be willing to lose all my money. You're missing the other point of the mining side. The mining is mainly to verify transactions, to make them permanent and for doing that you get a reward. Note that this reward is the same, globally, no matter how many miners. There will still only be 25* bitcoins awarded every 10 minutes. This means that if you had close to 100% of the network (practically impossible) you'd still be capped at 25 bitcoins per 10 minutes. By giving an incentive to mine bitcoins you promote decentralization since every one wants a part in it. This in turn increases the security of the network which makes it harder to control by a central authority, e.g a large government. The value of bitcoin lies in it fast global decentralized system where you can send transactions almost for free and that's why people are willing to pay money for it.** Yes, there is a risk with storing it on your hard drive. However, for example Armory lets you create a simple paper backup that you can store wherever you want in case you forget your password or your hard drive fails. Some people even store these backups in bank vaults. Bitcoin is still in its infancy. The ground work is done and the system works. What is left is services built on top of the protocol to make it all easier to use. I'm sure that there will be more services acting as banks in which you can keep your money if you're worried. Please keep asking questions, and try to keep an open mind. That's the way one learns new things. * See here about reward halving; https://en.bitcoin.it/wiki/Controlled_Currency_Supply ** Some people are in it for the speculation hoping to get rich quickly and easily, I'm not one of them. | ||
R1CH
Netherlands10340 Posts
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