There are more ways to exchange bitcoin for goods and services right now than you seem to think.

I have no need or particular desire to convert bitcoins to any other kind of currency, and I'd accept them instead of cash without thinking twice. I prefer them to USD as a store of value because I'm not very risk averse.

If you set up a computer with a blockchain.info wallet or something, you could train your cashiers to use it to request bitcoins based on the order total and price on bitstamp, which gives the customer a QR code they can scan. One they receive payment, they give the customer their order. You could maybe print a receipt like it's a cash payment with a note that it was a btc transaction, and use that for proof of purchase and for tax/accounting purposes.

Not sure if it's worth it, but it would definitely be cool.

I am looking to get short bitcoins (short contract, maybe a week, as much as 10k$).

If you want cheap long exposure PM me!

I assume you're paying a vig for this? If so, how much?

Those who want to long BTC usually pay a very large vig.

I will be asking for no vig!

¿Que? If I want to long bitcoin I just buy bitcoin on an exchange. There is no way to take a short position on any exchange.

think hes referencing the 1-5% vig being used in the HSNL transfer thread for btc, or the exchange fees you pay on coinbase, bitstamp, etc

Someone's been scammed it seems like

You don't have to give it away. You bet with house money, it goes to the house. Simple as that. You rig it so he runs it up real good and then falls down. It's entirely possible to rig just-dice with its parameters such that an inside player can know he will win or lose against the house.

Yes, but the investors get the money, not the "house". An investor who came in right before he dropped 9k btc made a nice chunk of change.

Not if they used said investors money to make the bet.

http://bitfinex.com

Not possible. The site bankroll increased by the stated amount and is held in a known address where that amount can be easily verified.

Shhhh I wanted to see TomCollins actually try and prove one of his many ridiculous statements for once.

An additional benefit people don't consider is that unless you make detailed plans or trust someone in a case of a death, all your bitcoins are lost. This is a good thing for the price of bitcoin, your lost wealth is divided equally among the community. Thus along with coins that are lost, rounding errors of small wallets, hard disk crashes, and accidental deaths with no passwords the natural deflation might be as high as 5% a year (better interest than a bank or any bond). Most of the silk road fortune could be lost resulting in deflation.

The amount you invest doesn't matter. I ran the numbers a few days ago and it looks like a ~45% annual ROI based up the current invested and average amount gambled in Nov. This changes on how much is invested and how many bitcoins are gambled.

You have to consider the risk of losing your bitcoins. There's some chance that the owner could steal them, a security flaw, owner get's kidnapped and forced to give up the coins, etc.

When ROI was closer to 100% I was fine with my risk. I'm going to divest half of my coins pretty soon if ROI doesn't improve.

Currently there is very little variance, but when a whale plays variance is significant. I was down 25% at one point. There hasn't been serious whale action in a few weeks. I personally wouldn't risk more than 10% of my coins.

Saw this was interesting:

http://www.zerohedge.com/sites/defau...11/Bitcoin.pdf

Hedge fund manager afaik, saying Bitcoin could be worth $1mm each

back to 370. nice recovery. i got burned a little trying to flip. lost some of my profits from the way up

I wrote about Bitcoin on my blog:
https://www.scirra.com/blog/tom/4/bi...re-looks-bleak

If anyone has any comments about it I'd be grateful!

gox with 50 minutes of lag lol

Looks like it put in a double bottom on the dip. Seems anytime we double bottom like we did it goes right back to business as usual. I picked up some for a short term trade. I also think if this thing is going to have a huge pullback it is going to happen fast like it did the first crash. Therefore any dips that hold should be good buying opportunities for short term trades.

I am still looking to get short bitcoin, anyone interested in getting long exposure cheap?

I can't imagine anyone doing this. Surely someone who would let you short would want some vig plus escrow. The hassle of mitigating counterparty risk, where said counterparty (you) is taking on unlimited downside exposure, is not worth a little bit in fees from buying through normal channels.

im new to this, please explain how it works. the terms, around how much you wanna bet. you know, any kind of useful information. i might even take you up on it.

The correct way to do this is to borrow all the bitcoins you can, and dump them on the exchange. Then buy them back when you want to close out the position.

Fair play going through the FOI procedures and documenting it all. I haven't been keeping up with any of this and hadn't realized your Bitcoin anchor plans were scuppered, sorry to hear about that. Were Barclays the only bank that would even talk to you?