Sheriff Bart
Footballguy
I downloaded Bitcoin Core. Now what?
TIA,
An old guy
TIA,
An old guy
Last edited by a moderator:
Paypal me your cash and I will purchase them for you. You also get a free set of steak knives if you send in the next 10 minutes.I downloaded Bitcoin Core. Now what?
TIA,
An old guy
Nobody knows! I did some Googling it said I needed to download it.what is a bitcoin core?
JFC, what a PIA. Thanks for the explanation.Sign up for Circle or Coinbase, from whom you'll purchase Bitcoin (BTC). Once you have BTC, you can send and receive it based upon giving your receiving address or sending the BTC to someone else's BTC address, which would be provided to you by Circle or Coinbase or the receiver, respectively. If you're sending or receiving for something against the TOS of Circle/Coinbase, and I'll use offshore gaming in this example, you would want to transfer to and from these third parties through an intermediary wallet such as Blockchain.
HTH
It's surprisingly easy actuallyJFC, what a PIA. Thanks for the explanation.
I find your world confusing and scary but I just bought some Bitcoins. Now let me see if I can get it into my gambling account.It's surprisingly easy actually
my advice:I find your world confusing and scary but I just bought some Bitcoins. Now let me see if I can get it into my gambling account.
Thanks GB. When I hit to make a deposit I don't get an address to send the funds to.my advice:
1. open an account at Circle and buy some BTC.
2. open a wallet at blockchain.
3. transfer BTC from Circle to blockchain wallet
4. make deposit at offshore sports book with BTC. they will provide you with an address to send the funds to.
5. ship BTC from blockchain to sportsbook.
6. make wagers
7. profit?
you must be doing something wrong.Thanks GB. When I hit to make a deposit I don't get an address to send the funds to.
launder?So Bitcoin is basically a way for people to launder their money so they can gamble online?
Gambling and buying drugs.So Bitcoin is basically a way for people to launder their money so they can gamble online?
Yeah I think it can take up to 30 minutesNM, it shows pending
Hey now, BTC is legit. I mean, BTC sponsored the St. Pete Bowl, how could it not be?Gambling and buying drugs.
what do you think "launder money" means?So Bitcoin is basically a way for people to launder their money so they can gamble online?
Well, the moving to Blockchain to make transfers seem legitimate/not to or from gaming sites to Coinbase/Circle is kind of similar to replacing drug money with that of cash only businesses IRL for cartels. But its mere existence or possessing BTC is not "washing" your funds. Circle could easily ban a user if they suspect the user is transacting BTC with gambling, TOR network hidden sites, etc. without taking extra steps to shield this activity or "wash" the funds.what do you think "launder money" means?
It's easier to buy bitcoin than it is to get the quote feature of this board to work properlyJFC, what a PIA. Thanks for the explanation.
Harsh but fairIt's easier to buy bitcoin than it is to get the quote feature of this board to work properly
Too lazy to look for myself. I deposit to __________ directly from Circle. Why is this a bad idea?
https://www.reddit.com/r/sportsbook/comments/3m5bud/bitcoin_betting_guide/Warning: Do not transfer these bitcoins directly to a gambling site. Transfer them to another wallet (or two) in between. If you transfer straight from Coinbase or Circle to a gambling site, they may be able to figure that out and ban you from using their services in the future.
It violates their TOS and they close your account or something like thatToo lazy to look for myself. I deposit to __________ directly from Circle. Why is this a bad idea?
Congratulations! You've successfully changed your real currency into online currency, washed it through an intermediary and deposited it illegally in order to secure yourself an investment with an inherent -5% ROI !Got it!
really?Congratulations! You've successfully changed your real currency into online currency, washed it through an intermediary and deposited it illegally in order to secure yourself an investment with an inherent -5% ROI !
Yes --and historically Bitcoin has proven to be a stable commodity with little to no downside risk. It'll probably go up even more before it comes crashing down yet again. Rinse. Repeat.really?
https://www.coinbase.com/charts
1BTC = $654 (+$362 since last year)
I'm no mathematician, but +124% in a year seems a lot better than -5%.
I thought he was talking about sports wagers.really?
https://www.coinbase.com/charts
1BTC = $654 (+$362 since last year)
I'm no mathematician, but +124% in a year seems a lot better than -5%.
That only happens (generally speaking) with the sportsbooks where the fiat currency is BTC. You're f'ed if the currency goes against you, and that can go the other way as well to be devil's advocate.Congratulations! You've successfully changed your real currency into online currency, washed it through an intermediary and deposited it illegally in order to secure yourself an investment with an inherent -5% ROI !
Doing so was so much easier before innernets.Congratulations! You've successfully changed your real currency into online currency, washed it through an intermediary and deposited it illegally in order to secure yourself an investment with an inherent -5% ROI !
really?
https://www.coinbase.com/charts
1BTC = $654 (+$362 since last year)
I'm no mathematician, but +124% in a year seems a lot better than -5%.
So moving my 401k to BTC is a bad idea?Yes --and historically Bitcoin has proven to be a stable commodity with little to no downside risk. It'll probably go up even more before it comes crashing down yet again. Rinse. Repeat.
Edit- In November 2013--a bitcoin was valued at over $1230. It's totally normal for a currency to essentially lose 50% of it's value over a 3 year period.
brother if your currency investment isn't fluctuating +/- 50% at the drop of a dime what are you even doingYes --and historically Bitcoin has proven to be a stable commodity with little to no downside risk. It'll probably go up even more before it comes crashing down yet again. Rinse. Repeat.
Edit- In November 2013--a bitcoin was valued at over $1230. It's totally normal for a currency to essentially lose 50% of it's value over a 3 year period.
Thank you Bob.I thought he was talking about sports wagers.
If the US Dollar moves 10%, that's a huge deal to basically every multinational company - if the dollar moved 50%, there would be some crazy #### going on globally.Yes --and historically Bitcoin has proven to be a stable commodity with little to no downside risk. It'll probably go up even more before it comes crashing down yet again. Rinse. Repeat.
Edit- In November 2013--a bitcoin was valued at over $1230. It's totally normal for a currency to essentially lose 50% of it's value over a 3 year period.
That was a fun time. A lot of bitcoin true believers thenYes --and historically Bitcoin has proven to be a stable commodity with little to no downside risk. It'll probably go up even more before it comes crashing down yet again. Rinse. Repeat.
Edit- In November 2013--a bitcoin was valued at over $1230. It's totally normal for a currency to essentially lose 50% of it's value over a 3 year period.
In all seriousness, I find the whole bitcoin thing tremendouslyinterestingconfusing.