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Showing 20 of 23 results by BearKing55
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Board Collectibles
Re: 1BTC Casascius bitcoin sells for $7100
by
BearKing55
on 09/06/2017, 21:13:50 UTC
Are there any rules with ebay with selling bitcoin or bitcoin coins?


YES,
but you'll have to research that, I'm confused and they seem to change.

BITCOIN AS VIRTUAL Currency and all virtual currency; ebay RULES SAY may NOT be sold in their regular formats as auction OR fixed price listing. Must be handled in the far less popular "Classified ad" section.
 
YES I know, you're gonna point out that there are some bitcoin COINS listed,
This is because they are listed as "coins" or  "mining contracts".

when I talked to their customer service they just plain did not know how to handle a bitcoin COIN.  I chose to list under "mining contract" because mine was still loaded with a BTC value. IF it were a spent one I would choose "coins".




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Board Collectibles
Re: 1BTC Casascius bitcoin sells for $7100
by
BearKing55
on 09/06/2017, 18:06:49 UTC
I believe its because the type of metal is a valuable one which makes it much more valuable than its face value

Er, no. It was made out of brass by a car wash token company.

The value comes from the rarity, though it actually isn't that rare compared to other ones. It was the first though and many will have been abused as they were worth about $20-30 when new.
I wouldn't pay that much above the Bitcoin value for a brass coin, but on the other hand people are collecting bottle caps and other strange stuff, so who am I to judge.
I'm sure the buyer/collector is happy with it.
It's not a bad investment, because as time goes buy it gains its pure Bitcoin value and collectible value. Double win Wink


Yes
Rarity and Market and Collectible are the major factors.

BUT ALSO, collectibility on these first Casascius coins is dramatically better than most.
FIRST of a kind of money that may very well take over the world and be the future of money.

and it IS important to note these have value not dependent on the internet being available to USE - only to ultimately later redeem. IF the holder at that time so chooses.

and while others are now putting digital internet money on physical coin form. Casascius was the first to figure out how AND more importantly, I think his system was different and more anonymous than any current one is. and therefore more valuable in any local SHTF scenario.
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Board Collectibles
Re: 1BTC Casascius bitcoin sells for $7100
by
BearKing55
on 09/06/2017, 17:44:14 UTC
Unfortunately people can troll ebay auctions by bidding on items and not paying for them, sellers are unable to leave negative feedback for buyers. 

For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.

as the seller of this coin, I'd like to add:

IF you're looking to see if it gets relisted, I hope you saved the public key code to verify a "relist".

For I do have another one to list later - same other than code.

Buyer did pay me for it just fine,

I've sold a number over the years and have never been stiffed - YET!
I have seen ones I've sold get sold again later by someone else (some times not the buyer interestingly).
while we can't leave negative feedback, ebay WILL put a black mark in their history for winning a bid and not paying. They can be suspended or barred from ebay if it repeats.
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Board Bitcoin Discussion
Re: Bitcoin not legal tender in Canada
by
BearKing55
on 18/01/2014, 17:31:33 UTC
Another falsehood that the suggested FBI action to auction off their seized Bitcoins makes it legally recognized somehow.  This is no different from them selling off a car, house, boat, painting or anything else seized, they are simply selling an asset.

I don't see this as a "falsehood"!

The Govt does NOT auction off pot, counterfeits, forgeries, fake goods, ETC.

They ONLY auction articles that ARE LEGAL.

so IF they do auction any BTC's they ARE setting up a precedent for recognizing them AS a LEGAL product (by their existence, not necessarily ever use of them)
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Board Bitcoin Discussion
Re: Bitcoin not legal tender in Canada
by
BearKing55
on 17/01/2014, 20:13:03 UTC
Quote
When Government clearly states something isn't legal people automatically assume that means it's illegal.
They didn't say it isn't legal.

"legal" and "legal tender" are totally different things

If something is not legal, then it's illegal. If someone tried to pass off bitcoins to you as legal tender they could be charged as the tender isn't legal (aka is illegal).

Smiley


only in the same sense that if someone tried to pass off ROCKS to you AS Legal Tender it would be a crime of FRAUD (it would NOT be a crime of using illegal tender).

OTOH if you traded ROCKS for good or services without  the fraud/lie of claiming it was Legal Tender, it would NOT BE A CRIME.


now go back to above and substitute "BTC" for "ROCKS" and may be you're get the idea.

IOW we can trade ANY item for any other item - legally.
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Board Bitcoin Discussion
Re: Bitcoin not legal tender in Canada
by
BearKing55
on 17/01/2014, 19:10:38 UTC
I think what we're seeing is governments are just saying it's not a currency and will be treating/regulating like a commodity such as gold and silver bullion.  Those aren't technically currency either. 

TRUE


They did NOT say it was "illegal" by ANY stretch of the imagination.
contrary to what some people who can't use simple English, believe.
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Board Bitcoin Discussion
Re: Bitcoin not legal tender in Canada
by
BearKing55
on 17/01/2014, 18:52:16 UTC
Language makes a big difference,

BTC  IS Still LEGAL TO TENDER, (tender simply means to offer)

"Legal Tender" is a designation of how Government recognizes money simply for taxes and such as mentioned where it's offer MUST BE accepted.



That said, most people aren't smart enough to understand this simple concept and will shy away from BTC some times.
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Board Marketplace
Re: Pizza for bitcoins?
by
BearKing55
on 20/12/2013, 20:36:53 UTC
I also think he is so god damn rich right now.


I'd bet he doesn't even know he has the bitcoins.   would'vt been that memorable for a busy retauranteer.

OR  lost the code/key for them and/or the wallet some time after getting them.

OR sold them for a few dollars just after getting them.





anyone else curious how many bitcoins are now "orphans"Huh from people forgetting losing passwords???
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Topic OP
A TEN BITCOIN CASASCIUS 2012 Silver on ebay
by
BearKing55
on 20/12/2013, 19:32:58 UTC
Fully loaded Casascius 10 btc one troy ounce of silver mint condition with hologram intact - I'm original owner

I sold it at a much higher price last week JUST before China's anti bitcoin announcements so he backed out of paying. Back on at a lower price as a numismatic.

I only go into BTC by accident.
I started out accepting norfed silver at my restaurant www.GilliesConeyisland.com so I became interested in alternative currencies, but an intangible like btc didn't interest me until I heard about Casascius and had to buy a few from his very first announcements for keepsakes which I forgot about till the recent craze run up in price.



Once coin forms of BTC become common place, history should look back to "WHERE did this all start" and Casascius originals, may be a hit with numismatics.
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Board Beginners & Help
Re: How to Recieve BTC at my Restaurant
by
BearKing55
on 18/12/2013, 23:24:37 UTC
THANKS Much everyone, good advice.

AND more importantly, I think I have it now.

adding one thing, a tablet with just Bitcoin info on it (blockchain, prices, etc)

Can wait to get my first BTC now!!





ooooooooooohhhh, ONE more question
WHICH exchange rate will customers expect to use? seems like everyone is quoting different, sometimes dramatically different, rates at the same time.


I plan on holding them as BTC for future btc purchases rather than turning to cash daily.
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Board Beginners & Help
Re: How to Recieve BTC at my Restaurant
by
BearKing55
on 18/12/2013, 01:34:30 UTC

I just wanted to say hello...

I live by Port Huron, MI... If you start taking bitcoin I will make the hour trip to come eat there!  Cheesy

I used to go to swim meets in Mt. Morris when I was High School...


Hello!
Been fishing in Port Huron and driven thru many times, back when I used to travel to Canada


it'd be great to have you as a customers,

I'd even buy you a meal if you can show me how to accept those bitcoin in a manner my Cashiers can fairly easily understand, that doesn't require me to give out my security to all of them.
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Board Beginners & Help
Re: How to Recieve BTC at my Restaurant
by
BearKing55
on 18/12/2013, 01:25:54 UTC
Another consideration may be your accounting strategy. You could generate an address per customer in one business, while an address per transaction makes more sense in another.
I would think a restaurant could work fine with a basic QR at the register. If you do carry-out you may also want to have the address handy on the website. Using just the address like this means employees need little training to transact and are not themselves handling bitcoins. A customer pays to the provided address, the waitress checks a site blockexplorer.com to see the transaction. The wallet itself does not have to be online. It can be sitting in your safe deposit box.


THANKS, that is my next question............

you say "check a site blockexplorer"Huh Like I've any idea how.

I've been to them, but it seems to be lots of irrelevant numbers, often flying by.

is the waitress supposed to get some number, or address from the customer once they pay?Huh??
is does MY wallet have some kind of identifier that she punches in to see what has just transpired?

THANKS!!

Every transaction creates a unique transaction ID that is posted to the block.  Just paste the transaction ID into the search bar, and view the transaction there.

I greatly appreciate trying to help,

Problem is, I still have no idea where to find this "unique transaction ID that is posted to the block"

LIKE I said those numbers on that block just go flying by super fast and even if they didn't, I've no idea what they mean nor which one is mine, or the transaction that just happened.

sorry to be so ignorant on this, but I have not ever done this and everyone always answers me like I know SOME thing.

again, My thought was, I could post my wallet address or QR code for it,
without a quantity requested (cause it's always different for each customer), letting the customer enter how many btc
then a Customer will send to that address, from their smart phone or from one of the many notebooks many of them bring in to use my WIFI.

so you're telling me there is a "unique transaction ID", that part I get,
HOW and WHERE DO I GET TO BE ABLE TO SEE IT?HuhHuh?? to then enter it into the BlockChain,
THIS I NEED TO KNOW. 

Look at the customers phone and write down all those numbers?
give cashier access to my computer while I'm not here, with it's password and the password to my wallet so she can see it come in there?HuhHuh

HELP PLEASE
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Topic
Board Beginners & Help
Re: How to Recieve BTC at my Restaurant
by
BearKing55
on 18/12/2013, 00:33:05 UTC
Another consideration may be your accounting strategy. You could generate an address per customer in one business, while an address per transaction makes more sense in another.
I would think a restaurant could work fine with a basic QR at the register. If you do carry-out you may also want to have the address handy on the website. Using just the address like this means employees need little training to transact and are not themselves handling bitcoins. A customer pays to the provided address, the waitress checks a site blockexplorer.com to see the transaction. The wallet itself does not have to be online. It can be sitting in your safe deposit box.


THANKS, that is my next question............

you say "check a site blockexplorer"Huh Like I've any idea how.

I've been to them, but it seems to be lots of irrelevant numbers, often flying by.

is the waitress supposed to get some number, or address from the customer once they pay?Huh??
is does MY wallet have some kind of identifier that she punches in to see what has just transpired?

THANKS!!
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Topic
Board Beginners & Help
Topic OP
How to Recieve BTC at my Restaurant
by
BearKing55
on 17/12/2013, 18:29:22 UTC
I have a lot of questions,   mainly because I won't be the Cashier handling the transaction each time. (we're open 24 hours). www.GilliesConeyisland.com

but to handle them one at a time:

1. I keep hearing that you should change your receiving address but don't have to if anonymity is not a concern, and considering I'm pretty well known business -report things properly and pay taxes etc, being anonymous doesn't serve me much advantage I don't figure.

SO I figure I can just have a printed address and/or QRcode by the cash register for customers to pay to BUT half the time I hear you just need let customer have your address so they can send BTC to you YET the other half of the time I hear the receiving address has to be made up to be for a SPECIFIC Dollar/btc AMOUNT.


So I'm confused, does this mean my receiving address may or may not? have a dollar amount requested OR demanded? as part of it??

CAN the customer just scan or type it and then enter the dollar amount???

I know I'm missing something here and need to understand it before I go to the next step

HELP
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Board Off-topic
Re: Problems buying with bitcoins at restaurant.
by
BearKing55
on 16/12/2013, 03:15:33 UTC
Wait!.. So you are saying you can use Bitcoin to pay in restaurants Huh
Yes! There are many real-life businesses starting to accept Bitcoin Smiley


I was planning on starting to accept BTC at my restaurant  www.GilliesConeyisland.com
once I figured it out more,

reading this thread helped me out a LOT.
I WAS thinking about accepting them if paying in advance - to help get them confirmed, but now realize, that's silly - risk of double pay has to be much less than Credit Card cost even without the back charges!!


NOW, if someone can explain how I can have ALL the Cashiers trained to handle the RARE BTC transaction PROPERLY.
I'm not worried about it while I'm there, but when I'm not, some cashier has to have access first, to my computer (our POS doesn't touch the internet) and then on my computer, they'll need to see it accepted in my account?? with a password??
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Board Politics & Society
Re: Bitcoin Nation
by
BearKing55
on 16/12/2013, 02:52:07 UTC
a Nuclear aircraft carrier might be a good initial base to expand from.

of course, a way to flag it, or protect it is the critical question.
but all questions have answers, just some are super complicated.


Flagged by a any Nation initially, then.........
anybody read The Moon is a Harsh Mistress?"
the Moon began as an Earth colony,  then found out how to protect itself,

some things just take a long time to evolve,
the nay sayers on this subject, would have been the same nay sayers decades ago telling us that there can be no such thing as a FREE CURRENCY internationally used not controlled by any Government................

Most pirate bands have no guns and many that do have guns don't have many bullets or just have 1 gun So defense from pirates is not as big an issue any more unless you plan on going from port to port Because then you can't have guns on your ship But since we don't plan on docking anywhere we can have a small arsenal to defend from pirates And slowly develop a cheap long range defense like catapults or something but we don't want to start training snipers or anything just in case they get bored and turn their scope on the ship for a half hour while everyone tries to disarm them Having the rifles is not a bad idea but specializing someone for nothing but that is not a good idea

I was thinking more protection from other GOVERNMENTS.

UN or USA being the most dangerous to any Libertarian style community.

and wasn't thinking just "guns" as a method of protection, negotiations treaties various weapons, support from the "right country", laws ETC.
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Topic
Board Politics & Society
Re: Bitcoin Nation
by
BearKing55
on 15/12/2013, 23:49:24 UTC
a Nuclear aircraft carrier might be a good initial base to expand from.

of course, a way to flag it, or protect it is the critical question.
but all questions have answers, just some are super complicated.


Flagged by a any Nation initially, then.........
anybody read The Moon is a Harsh Mistress?"
the Moon began as an Earth colony,  then found out how to protect itself,

some things just take a long time to evolve,
the nay sayers on this subject, would have been the same nay sayers decades ago telling us that there can be no such thing as a FREE CURRENCY internationally used not controlled by any Government................
Post
Topic
Board Politics & Society
Re: Bitcoin Nation
by
BearKing55
on 15/12/2013, 16:28:09 UTC
http://oceania.org/images/old.3.jpg

sorta like this at oceania.org ??
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Topic
Board Beginners & Help
Re: Blacklist for scammers buying bitcoin and litecoin on Ebay with paypal
by
BearKing55
on 15/12/2013, 14:48:03 UTC
I have heard that selling bitcoins on Ebay using paypal is very risky. I have recently listed several small amount bitcoin sellings on Ebay and indeed received some scammers. Fortunately for me, paypal blocked most of them before I even received the money Tongue

I am wondering if it is a good idea to have a blacklist somewhere that we can check if a buyer is a scammer. Most sellers on ebay won't sell their coins to new ebayers and user with bad reputation. So creating a scamming account will be time consuming if we can have a such list so that every seller can have a check before sending the coin. Ideas? Huh

I think instead of working hard for one name here and there (which won't work most of time),

JUST change your SYSTEM for selling bitcoin on ebay.

The whole problem stems from ebay's requirement/need for proof of physical delivery of a physical good. Some sellers have overcome this by selling a cute related nick nack that offers a free bonus of X number of bitcoin - once the items shows as delivered, then send the bitcoin. This way the buyer can NOT (successfully) claim non receipt and ask for refund.  
iow ebay and paypal protection plan will side with you instead of them.
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Board Beginners & Help
Re: Where does everyone think Bitcoin will be in 6 months time? (Boom or Bust?)
by
BearKing55
on 14/12/2013, 16:09:42 UTC
Its been given a fair value of $1,300... does that mean that people think it will survive as a legitamite currency... rather than punt?

It already is a legitimate currency, but I'm sure it'll gradually gain more and more mainstream acceptance during 2014. I'm looking forward to watching it grow.

it will need much more than speculators or investors, like most people here seem to be.

the BASE Element for it's value will be growing EASY acceptance for things of true VALUE.

IOW, if you want to see it grow then help local bricks and mortar businesses accept it. and then YOU seek them out and tell others about them.