[Chugalug] Chugalug Digest, Vol 14, Issue 36

Stephen Kraus ub3ratl4sf00 at gmail.com
Fri Sep 6 14:51:15 UTC 2013


All valuable trading commodities for sure.


On Fri, Sep 6, 2013 at 10:20 AM, Lynn Dixon <boodaddy at gmail.com> wrote:

> 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:
>
> http://www.namecheap.com/support/payment-options/bitcoin.aspx
>
> http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/
> (WordPress uses it because PayPal, which is horrible, blocks several
> countries)
>
> EFF accepts Bitcoin:
> https://www.eff.org/deeplinks/2013/05/thank-you-bitcoin-community
>
> WikiLeaks accepts BTC:   http://shop.wikileaks.org/donate#dbitcoin
>
> Internet Archive accepts BTC:  http://archive.org/donate/index.php
>
> https://www.humblebundle.com/
>
> MonsterMegs accepts BTC:
> http://blog.monstermegs.com/2012/12/27/we-now-accepts-bitcoins-for-our-web-hosting-services/
>
> DosBox has a Bitcoin Wallet for donations:  http://www.dosbox.com/crew.php
> (Look towards the bottom)
>
> Reddit Gold with BTC:
> http://blog.reddit.com/2013/02/new-gold-payment-options-bitcoin-and.html
>
> An Article from Forbes on the top 10 sites accepting Bitcoin (Some I have
> already mentioned:)
> http://www.forbes.com/sites/jonmatonis/2013/05/24/top-10-bitcoin-merchant-sites/
>
> 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>:
>>> [mega-snip]
>>>
>>>> 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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>>>
>>
>>
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>
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