[Chugalug] Chugalug Digest, Vol 14, Issue 36
boodaddy at gmail.com
Fri Sep 6 14:20:13 UTC 2013
I have to say thats a pretty foolish assumption. BFL probably doesn't pay
their staff in BTC, they probably don't pay their utilities in BTC, and
they probably don't pay for their raw materials and greig goods in BTC.
It's just foolish to assume they have no faith in BTC because they operate
as an american company, with american employees, and amercian expenses.
Just for the hell of it:
(WordPress uses it because PayPal, which is horrible, blocks several
EFF accepts Bitcoin:
WikiLeaks accepts BTC: http://shop.wikileaks.org/donate#dbitcoin
Internet Archive accepts BTC: http://archive.org/donate/index.php
MonsterMegs accepts BTC:
DosBox has a Bitcoin Wallet for donations: http://www.dosbox.com/crew.php
(Look towards the bottom)
Reddit Gold with BTC:
An Article from Forbes on the top 10 sites accepting Bitcoin (Some I have
XOSkinks (Great phone skinks) accepty Bitcoin: http://xoskins.com/
There are several hundred sellers on Etsy accepting Bitcoin.
So, I found this vendors with a 5 minute google search. Does that seem like
a "scam"?? Certainly not.
On Fri, Sep 6, 2013 at 9:52 AM, Stephen Kraus <ub3ratl4sf00 at gmail.com>wrote:
> John, that means either: Butterfly has no faith in Bitcoins OR they cannot
> purchase their supplies with Bitcoins.
> It just further proves why Bitcoin is only worth something to someone who
> can change bitcoins into an actual physical currency.
> Butterfly Labs wants ONLY USD. Whether or not a third party can do the
> exchange for you does not change that they see no inherent value in
> accepting bitcoins directly.
> On Fri, Sep 6, 2013 at 9:46 AM, John Aldrich <jmaldrich at yahoo.com> wrote:
>> Quoting Mike Robinson <miker at sundialservices.com>:
>>> The "scam" issue arises from, not any technical fault of bitcoin
>>> per-se, but rather of human nature: "money for nothing." People can be
>>> and are persuaded to pay $5,000 USD for, literally, "a money-making
>>> machine." The system is based on "trust," basically in the complexity of
>>> a computer algorithm and on "one another" (most of whom are people you
>>> have never met and never will), yet it lacks recourse. Thus, the
>>> perception that "this IS a nugget of gold" can be fostered, and, having
>>> thus been fostered, it can and therefore will be abused. The one
>>> sure-fire way to turn a bitcoin into a fungible unit of currency is to
>>> build and to sell a money-machine for $5,000. (I don't see them saying
>>> that you can pay for 'em in bitcoin.)
>>> Technically, you are correct. You cannot **DIRECTLY** pay for a Monarch
>> or other Bitcoin mining device in Bitcoins. However they have a 3rd-party
>> who will exchange your Bitcoins for $USD and allow you to purchase from
>> Butterfly Labs using your Bitcoins. Likely for a small exchange fee.
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