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Baby steps. Try starting out using an eWallet, such as MyBitcoin: http://www.mybitcoin.com http://www.mybitcoin.com Then buy your Bitcoins with PayPal here:
by sgornick 16y ago
Baby steps.
Try starting out using an eWallet, such as MyBitcoin:
http://www.mybitcoin.com http://www.mybitcoin.com
Then buy your Bitcoins with PayPal here:
http://coinpal.ndrix.com http://coinpal.ndrix.com
use the bitcoin address generated at MyBitcoin. You'll get your bitcoins in less than an hour at MyBitcoin.
Then those bitcoins can be spent using your example, at StrongGames.
- clistctrl 16y agoThanks! this actually answers many of my questions.
- lutorm 16y agoSo if I put my bitcons on MyBitcoin.com, I'm under the impression that they have complete control over my wallet. Just like if I gave my wallet to someone and asked them to please accept payments on my behalf. Correct? That's an awful lot of trust to put in a random website. If they decide to run the website until they are sitting on enough coins and then just transfer them to themselves, is any court going to believe me when I claim they stole my money?? The fundamental problem I have with Bitcoin web transactions is that it requires trusting the other party, since I can't exchange the goods at the same time. How do I make that determination and what recourse do I have if I'm defrauded? This would seem to be the fundamental obstacle to adoption to me.
- SkyMarshal 16y agoMy understanding is that every bitcoin contains the entire block chain which contains a record of every transaction made in the network. A transaction is basically three pieces of data: private key signature of the sender/payer, public key of the receiver/payee, amount of bitcoins. The blockchain is very difficult to counterfeit, so theoretically a site like MyBitcoin.com can't actually 'control' your wallet or transfer all the bitcoins to themselves, at least without all the private keys of their depositors.
- tocomment 16y agoI just installed the bitcoin software and bought some bitcoins at your link and I got this email: "...If the block count in your client matches the one shown at bitcoinwatch.com, your client should already show the transaction. Otherwise, wait for the two block counts to match..." My block count says 51,486 but the one at bitcoinwatch.com is over 100,000. Why aren't they the same? Will they be?
- mattfawcett 16y agoYes, because you have only recently installed it will take time for your client to download all the current blocks.