How To Buy Bitcoin – Step One

Like a lot of people these days, I have a PayPal account I use fairly often. The other night, my boyfriend and I wanted pizza. The problem was, that, while our PayPal balance was high, our checking account balance was not. PayPal funds take three to five days to withdraw and transfer to your bank account. We wanted pizza tonight, not a week from now!

Foxton even claims that the Silk Road is “one of the main drivers of liquidity in bitcoin, and one of the main places people spend them.” When one considers that both Bitcoin and Silk Road are virtually impossible to track I wonder how he could possibly know this. A recent survey of the demographics of Icomarkets.com at Zero Hedge found that the most common use of bitcoins (55%) was for donations, and 11% of respondents had used it to buy drugs. But Foxton probably imagines headlines are economic indicators when the raw data won’t due.

Get a miner. There are a number of mining options for multiple platforms although OSXusers may find themselves in a bit of a pickle. Miners utilize spare GPU cycles to power the mining operation, similar to services like SeTi. Miners, however, use these types of cycles to help handle peer-to-peer processes connected with bitcoins. Therefore by doing “work” you are preserving the network as well.

Please note that this is not intended to endorse the taste or quality of any restaurant. The only intent is to give some direction to those who have money in their PayPal account and want to use it to order food.

12/4: The Heartland Poker Tour 2012 Player of the Year, Greg “Fossilman” Raymer, talks about how the game has changed since he won the WSOP Main Event in 2004. [Visit Website] [Download MP3].

To cancel your account please login to your account and click on “Account” and then “Delete Account”. Then click on the link “Click here to delete your account”. Then click “Ok” to confirm the account deletion. After that all your content, including user information and logs, will be permanently removed from our server.

12/13: With the Ante Up Poker Tour visiting Red Rock in January, we thought it would be good to have its tournament director on the show to tell us all about the series. [Visit Website] [Download MP3].

He received 30 bitcoins, which were worth about $1,000 at the time. Today the same amount of the currency is worth $3,600. Recently Dr. Lee’s office performed the first ever Bitcoin ultrasound, and hopes to soon help conceive the world’s first Bitcoin twins.

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