[Chugalug] Chugalug Digest, Vol 14, Issue 36
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:
> (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
> already mentioned:)
> 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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