You're losing out man. Franck says you're an idiot for not taking quatloos.

A friend of mine from turkey. When there was the mortgage crash, his bank Country Wide failed. He called me, freaking out. I said you're fine its insured. Then he saw and couldnt get over how seamless it was and how his money was fine.

My friends with less than $100k in Cyprus banks could get that back already, from this week at rate of $20k wire a day. Can't say the same of my friends with less than $100k in Epassporte wallets :)

Sorry, that comment was just retarded. And you i know you know that.
Dumb troll.

You're getting beyond pathetic.
You're acting like a fucking baby right now.

I am not a gambling man. If I were to ever use bitcoins as a payment option for a site membership, I would never hold any bitcoins in reserve.

A person pays $10 to $20 in bitcoins, and as soon as humanly possible, I would want that money wired into my account.

I think coinbase pays out once daily (but I could be wrong). There is always the chance that the exchange goes up or down a bit before you get paid, and that is a risk, but if you cash out on a daily basis the risk is relatively low. Even if the currency crashes 100% the most you would lose is one day of bitcoin join sales, so no big deal.

I would not trade or horde bitcoins however, as again, I am not a gambling man.

They payout once per day but the btc is converted to USD within 15 minutes, I believe even with an exchange rate guarantee.

I was surprised so many businesses selling tangible products are accepting BitCoins. The volatility alone makes it a problem. Even when BitCoins were under $1, the daily swings make it difficult to make steady profits. If you buy a product wholesale at $10 and expect to sell it at $15 and you have BitCoins swinging from $5 to $20 you have to adjust your price in real time. Not a way to make customers happy or insure you make a profit. Although I think most of these businesses are accepting BitCoins for the publicity or thought BitCoins would just keep rising.

If you shoot your own porn, once you break even everything else is profit. So it doesn't matter if you make $5 or $20 in BitCoins it's all profit.

Why won't BitCoins go mainstream? Once the IRS and state departments of revenue see mainstream businesses start accepting BitCoins rest assured those businesses will be getting more intense audits. Bars, a business already notorious for not reporting all income won't have to worry about audits. State liquor control will just prevent bars from accepting BitCoins or lose their liquor license.

Mt. Gox claims to be an exchange where a buyer and seller meet. That's the way the NYSE works, almost. Prices rise and fall on demand. But sometimes there are order imbalances (too many buyers or sellers). To smooth out imbalances, a broker agrees to become an Order Maker in one or more stocks. He personally keeps an inventory of shares and sells these to buyers or buy from sellers. But a run up or down even an Order Maker can't prevent prices to skyrocket or drop like a rock. In extreme cases the market closes.

Mt. Gox is a Order Maker. Prices shot up to $250, people decided to cash out. Mt. Gox couldn't keep an orderly market and had to close the market. There may have been some ddos, but it sounds to me more likely Mt. Gox is closing the market. Proof is Mt. Gox is a Order Maker is that they restrict sales to 1000 BitCoins per day. If they were just an exchange they wouldn't care how many BitCoins trade per day.

:1orglaugh:1orglaugh:1orglaugh

Nobody here seems to understand this for some reason. And it's so simple.
You sell your product for 50 dollars in bitcoins and have it exchanged to dollars within 15 minutes. What is the problem exactly? Yes bitcoin goes up and down but you have to ge extremely unlucky to lose a lot in those 15 mins. It might happen every once in a while but it will also go up every now and then.

You people make a problem of something that isn't a problem In the first place.

We have no problem with the volatility because it is converted to USD almost immediately. We now retrieve the live exchange rate and show bitcoin prices on our join forms.

Thanks for all of your input NYMD, you seem very knowledgeable regarding this billing method.

I also found a bitcoin facebook group, for whatever it's worth...

http://www.facebook.com/groups/BitcoinNYC/

It's a private group, but they grant approval rather quickly.

Semi-related...

Bitcoin Mining Seminar in NYC...

http://newyork.craigslist.org/mnh/syd/3752230198.html

E-gold had their office raided and shut down, where is Bitcoins office?