Until now, with PayPal, it was a case of the seller needing to trust the buyer. Now, the seller has security finally.

And nhodges, that is a great idea.

It would be a case of the buyer needing to trust the seller (IE, the seller has feedback and rep).

I would recommend you view my other thread ;-)

Store will be back up in a moment.

First, I apologize for my English. It isn't the best. I have only been speaking it for 2 and a half years now, so bear with me. If someone with perfect English could re-write this, I'd be very thankful.


As many of you are familiar with by now, selling Bitcoins on PayPal is not smart. Once you send the Bitcoins, all the buyer has to do is dispute the transaction, and you will lose out on your Bitcoins AND the money they paid you.

Well, there is a way to prevent this.

PayPal has always had ill-will out towards digital transactions. They prefer sellers dealing with actual physical items that can be tracked. So, rather then selling off a digital item such as a bitcoin, lets sell off something physical.

Bitcoin certificates.

If you print out a Bitcoin certificate, it is now a physical item. It can be shipped, and it can be tracked, unlike an actual Bitcoin. Sadly, a Bitcoin certificate isn't a bitcoin. It is a worthless item with no value. So... why not sell that along with our actual digital bitcoins?

If you have a buyer that wants to purchase some bitcoins from you via PayPal, follow these guidelines:

1. If you are selling through eBay or an online store, make sure the title is for a bitcoin CERTIFICATE. It is very important that they know the purchase is for the certificate. If they are doing a direct payment through PayPal, make sure they state in the notes that it is for a bitcoin certificate.

2. Describe that along with a certificate in the mail, they will be receiving an actual bitcoin. They will be getting both.

3. Print out your bitcoins, and ship them off to the buyers address. Make sure to ship it with a service that has tracking. THIS IS VERY IMPORTANT. If a buyer tries to scam you and get their money back, you will have proof that a certificate has been sent. Don't just do normal postage mail, a tracking number is needed.

4. After enough time has passed for your parcel to go out and the tracking number to generate (usually about 24 hours), send off the digital bitcoin. Make sure the buyer knows that the digital bitcoins won't come immediately. You need enough time to know your certificates are being shipped and the tracking number is generated.

If you follow these steps, you will have a foolproof way to sell your bitcoins with PayPal.

A tip, if a buyer tries to get you to not send the certificate, ignore it. The certificates must go out whether they want it or not. You NEED to have proof that a shipment has gone out.

Soon, I will update this post with some designs that you could use for your worthless bitcoin certificates.

I hope this helps you all out. :-)

Once again, if someone would very good English could re-write this, I'd be very thankful.

Received both of your addresses. I'll PM you when the tracking number for the certificates is up.

To ensure all goes well, the digital BTCs will be sent in 24 hours (as stated in store description). I have a reminder set to deliver them at 7 PM Eastern tomorrow. I will PM you when sent.

Please leave positive feedback when they arrive. :-)

I am selling some of my bitcoins. Price will change without notice as the exchange rate fluctuates.

I will ship, free of charge, 1 bitcoin certificate per BTC that you purchase from me. Shipment will include tracking. The certificate itself has no value. It simply states that you are the owner of 1 BTC. Actual bitcoins will be sent between 6 AM and 11PM Eastern Time.

I do not visit this website often. If you have questions, message me on my store. Contact me and I'll give you my phone number and skype name, so we can discuss your purchase if you'd like. You may PM me here on the forums, but it may take up to 24 hours for me to respond, pending how often I visit.

http://bit.ly/kdgu1r - My Store.

Turn your PC off, remove your CPU cooler, and turn your PC back on. Watch what happens.

Fail safe in action.

Don't worry about fires, it won't happen. Your PC will shut down WAY before that happens, whether you are CPU or GPU mining.

Precisely.

I browse wikipedia for knowledge, and I expect that knowledge to actually be true.

I fully support getting that page deleted, unless it is proven to be 100% accurate and true.

Brb, voting for it to be redirected.

I was thinking though, what about the future GPUs coming out? Surely with the way technology has progressed thus far, within a few years we will have GPUs pumping out 10x the current output of any current day top of line cards.

I whole-heartedly believe that unless you have any dedicated, full-fledged multi network mining rigs, you aren't going to make any decent profit in the future.

Sadly though, my knowledge over the subject is trivial compared to many other memebrs. I could just be spewing pure BS.

Right, because someone giving out free BTC or money is too poor to afford a website and domain name.

It's amazing how gullible some people are.

I'll pass.

Sadly, only 45 with my 4770.

I think it is a waste of your time.

Spend your time on something valuable.