10 ms·

MtGox launches Bitcoins.com, an information site for all things Bitcoin

112 points by theboywho 13y ago

lingben 13y ago
Under "protection": "The nature of Bitcoin means that, compared to credit cards or other financial tools, your identity is safer from theft. Your level of privacy is up to you, and in the online world privacy and protection are an asset." This is hilarious. Right now basically every week we have news of millions of dollars worth of bitcoins being stolen from sites. In contrast, with a credit card every client has full protection including fraud, charge-backs, returns, etc.
- pilker09 13y ago
  > Right now basically every week we have news of millions of dollars worth of bitcoins being stolen from sites. Rule 1: If you store your bitcoins with someone else, they'll most likely get stolen. People need to learn how to store their own bitcoins or they'll end up not having any.
  - stingraycharles 13y ago
    Out of curiosity, what is the best way to store bitcoins? Have your wallet synchronized with a third-party backup provider?
    - pilker09 13y ago
      Here's my method, further down the comments: https://news.ycombinator.com/item?id=6814692 https://news.ycombinator.com/item?id=6814692
    - alexro 13y ago
      http://www.reddit.com/r/Bitcoin/comments/1pxycu/tutorial_how_to_create_a_safe_paper_wallet_for/ http://www.reddit.com/r/Bitcoin/comments/1pxycu/tutorial_how... http://www.reddit.com/r/Bitcoin/comments/1pxq6s/can_we_get_a_stickied_post_on_keeping_bitcoins/ http://www.reddit.com/r/Bitcoin/comments/1pxq6s/can_we_get_a...
- wcummings 13y ago
  Saying CC's have robust fraud protection is equally misleading, imo. They require you trust every merchant, website, waiter, etc to not abuse your information. Chargebacks just shift the cost of the merchant, most of the time, and as best I can tell PCI exists mostly to shift liability around.
  - bunderbunder 13y ago
    In the USA, credit cards don't do anything protect anybody from fraud. However, they have extremely robust mechanisms in place for shuffling around the consequences of all the rampant fraud that results from their complete failure to offer even the barest minimum of fraud protection. So as a consumer I get to feel protected all the same.
- alexro 13y ago
  How about having your funds sliced by sort of Cyprus scenario? How about getting ill for half a year and finding out that the inflation has eaten most of your savings away?
  - jonknee 13y ago
    I'll take my chances on a major currency (Euro/USD/GBP) over BTC in terms of volatility any day. You could find out that your BTC savings have become nearly worthless in six months. Or if you are unlucky enough to have a debt in BTC you could find out your debt has skyrocketed because of more BTC speculation (imagine you had a 1000BTC loan back when it was $10 a coin).
    - GhotiFish 13y ago
      yikes!!! That's actually terrifying. The dark side of inflation.
      - sireat 13y ago
        The dark side of deflation actually.
  - gaadd33 13y ago
    What major currency has such hyperinflation that it would eat away savings in half a year?
    - GhotiFish 13y ago
      half a year? Nothing comes to mind. Interestingly, 10 years is a different story! http://www.economist.com/content/big-mac-index http://www.economist.com/content/big-mac-index
- bunderbunder 13y ago
  At the same time, seems like the credit industry was kind of asking for this kind of thing when they decided to muddy the waters by spin doctoring "credit card fraud" into "identity theft"
- devcpp 13y ago
  Like they said, "Your level of privacy is up to you". It seems like most people are competent enough to manage keeping their wallets safe...
deleted 13y ago
[deleted]
oleganza 13y ago
They do not emphasize wallet security issues enough. Before buying any serious amount of BTC user must ensure: 1. Software that he uses actually encrypts wallets (BitcoinQT by default does not!). 2. His wallet is backed up in 3 places. 3. Backups actually work and he tried them. 4. His computer is not infested with malware. 5. He has multiple wallets and money is spread across all of them. So that if he one days makes a payment, enters a password and virus steals his coins, he will not lose everything. Blockchain.info is a great service, but only when you enable 2-factor authentication (otherwise your encrypted wallet can be bruteforced offline) and make sure you get backups by email. Finally, everyone should remember: THERE IS NO "FORGET MY PASSWORD" BUTTON. If you own your coins, be it in BitcoinQT, Electrum or Blockchain.info, you must own your password. You lose it - you are done. People are not used to it. They should be.
- iand 13y ago
  > 1. Software that he uses actually encrypts wallets (BitcoinQT by default does not!). Are you sure about that? Can you point to a discussion where it says BitcoinQT doesn't encrypt by default. Googling found me nothing.
  - oleganza 13y ago
    You have to turn it on. If you create yet another wallet, it's easy to forget that.
- sehrope 13y ago
  > Blockchain.info is a great service, but only when you enable 2-factor authentication (otherwise your encrypted wallet can be bruteforced offline) and make sure you get backups by email. 2-factor auth does not and cannot protect against offline bruteforcing, quite the contrary, it's only relevant for online authentication with a service provider. In your example it would be for authenticating with blockchain.info so they could perform an action on your behalf. Assuming they use your actual password as a master key to unlock a wallet they store on your behalf, the 2-factor piece is just extra security they are providing for actions performed through their site. 2-factor auth does nothing to prevent someone from trying to brute force the private key or pass phrase for your wallet. I'm all for using 2-factor auth (I personally have it enabled on every site/service that supports it) but it's only for securing online access to an external service.
dcc1 13y ago
Its just a shameless attempt to advertise mtgox, who by now pretty much pissed off everyone in the bitcoin community with their crap. Remember it was mtgox who caused the last crash and have since continued to screw users while getting into all sorts of trouble in US for dodgy going ons
- user24 13y ago
  except it barely mentions mtgox. If it wasn't in the title of this submission, I wouldn't know it was by mtgox.
  - chrismorgan 13y ago
    Ditto. It really does seem to be quite generic.
  - TomGullen 13y ago
    Don't know if I'd trust MtGox not to evolve it into an advertising platform in the future when it starts pulling in nice traffic.
- clamprecht 13y ago
  They link to two competitors: Bitstamp (a direct competitor), and Coinbase (a semi-competitor).
  - dcc1 13y ago
    Yes they do but for exchanges list MTgox is first for merchant services MTgox is also first despite being barely used when compared to bitpay or coinbase
- Beldur 13y ago
  From their press release: ,,We’ve recently released the launch version of bitcoins.com, an information site for all things Bitcoin. The site is not centered on MtGox specifically and we've tried to keep it as neutral as possible in order to promote Bitcoin."
infocollector 13y ago
Can we automatically downvote all Bitcoin news please? Seems like every owner of Bitcoin these days is either busy writing a blog or making a Bitcoin related webpage? - Ponzi
- user24 13y ago
  > Can we automatically downvote all Bitcoin news please? Good idea. An entirely decentralised, pseudonymous, secure way of exchanging money is not something hackers are interested in.
- TomGullen 13y ago
  Why so bitter? For me it's the most fascinating area in technology at the moment.
- iand 13y ago
  Items on the front page reflect the interests and preferences of the community. This is not broadcast media force feeding you.
ck2 13y ago
Now that is a clean, friendly design. I wonder how long until we need a crypto-currency lobby for congress.
- VMG 13y ago
  There already are: http://www.theguardian.com/technology/2013/aug/26/bitcoin-lobbyists-us-authorities-scrutiny http://www.theguardian.com/technology/2013/aug/26/bitcoin-lo...
- chrismonsanto 13y ago
  > Now that is a clean, friendly design. I was pleasantly surprised to find that the header wasn't fixed. I can't wait until that fad dies out.
  - djf1 13y ago
    What is wrong with a fixed header? Isn't it more convenient than scrolling back to the top of the page to access important links? The only possible issue I can think of is if screen space is limited.
    - chill1 13y ago
      Fixed headers consume vertical screen space -- permanently. Instead of allowing you to scroll down to have maximum vertical space for the content.
Aardwolf 13y ago
How to actually get bitcoins? I mean, seriously, I tried, but all my attempts were futile. Why can't I just use a credit card or similar and buy bitcoints? Back when they were $100, I really wanted to buy a bitcoin, spent half a day on it, but didn't manage to. I gave up everytime I needed to do something strange involving permissions with my bank. Is there an easier way to get them? I live in Europe by the way. Thanks!
- pilker09 13y ago
  > Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
  - Aardwolf 13y ago
    Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
    - pilker09 13y ago
      I don't have a good answer for that as I no longer buy bitcoins. My methods from when btc were cheap will no longer work.
    - vetinari 13y ago
      For example, you can trade at bitstamp.net using SEPA transfers.
    - bnr 13y ago
      http://howtobuybitcoins.info/ http://howtobuybitcoins.info/
    - vbuterin 13y ago
      If you are in the US, http://coinbase.com http://coinbase.com In Canada, http://cavirtex.com http://cavirtex.com or https://vaultofsatoshi.com/ https://vaultofsatoshi.com/ If you are in Europe, http://bitcoin.de http://bitcoin.de , http://bitcoin-central.net http://bitcoin-central.net , https://www.bitstamp.net/ https://www.bitstamp.net/ If you are anywhere, check out your local Bitcoin meetup group.
thomaslutz 13y ago
Has MtGox resolved their withdrawal issue yet?
bernatfp 13y ago
I wonder how Mt. Gox dares to spend their time creating this (which is nice by the way) instead of solving their withdrawal issues and finishing their new trading engine integration, which is pissing off many of their customers. The only reasonable explanation is that they have given up on decreasing their churn rate and instead they are focusing on acquiring newbies into their platform. Actually this is kind of sad...
- lubos 13y ago
  Do you honestly think that any programmer who works on Mt.Gox core product would have anything to do with this simple static information site?
  - bernatfp 13y ago
    No, but I guess this affects the public image of the company. My understanding is that any serious company with issues of this magnitude would solely focus on sorting that out first and doing nothing else than that.
    - bobbles 13y ago
      Throwing more programmers at a problem is not a real way to actually solve that problem. This argument is similar to those people asking things like 'why does india care about protecting animals when they cant even feed their humans'. Solving one problem does not mean the other problem isnt still trying to be solved.
- yapcguy 13y ago
  A friend copied an e-mail that MtGox sent to them today: <snip> Dear MtGox Customers, Thank you for your patience during an incredible year for Bitcoin and MtGox. We’ve not been able to communicate as we may have wanted, but we’ve been working tirelessly in the background and we’re looking forward to even more progress in the coming weeks, which we’ll be announcing soon. We have four developments that we are proud to announce today: Introduction of the MtGox OTP Card Increased limit for SEPA withdrawals from Poland A modified trading interface Trade with no fees from Bitcoin Black Friday through Cyber Monday ... Additional Points: To increase the speed of Bitcoin transactions, we will now require all Bitcoin transfers to pay the standard 0.001 BTC network fee. The fee will be charged separately from your balance.
canistr 13y ago
The idea of using Bitcoin at this point in time to physically purchase goods and services is ridiculous given the speed of speculation. Hypothetically, why should I pay someone 0.5 BTC at $1000/BTC if in a couple of days I know it's going to rise to $1000+/BTC? Obviously the seller is betting on their value going up, but at this point, there's no reason to do anything except hold onto your BTC until the market actually stabilizes or even crashes.
- giarc 13y ago
  In 2010 a guy paid 10,000 BTC for 2 pizza's, probably roughly equivalent to $40. 10,000 BTC today = $10.5 million USD.
  - canistr 13y ago
    Which is precisely my point. What incentive is there for the buyer to spend their BTC if the future value will dwarf the present value of the good they are spending it on?
    - ElbertF 13y ago
      What incentive is there for the buyer to spend their money on anything if they could be buying Bitcoin?
  - hcarvalhoalves 13y ago
    > 10,000 BTC today = $10.5 million USD Does that valuation mean anything? What about liquidity? If I had 10 k BTC today, could I trade that for $ 10.5 M on the spot? http://buttcoin.org/easy http://buttcoin.org/easy
- user24 13y ago
  This question comes up frequently. The best thing to do if you want to buy something for $500, is buy $500 in bitcoin and then pay with bitcoin. This way your 'stash' isn't eroded and you contribute to the bitcoin economy.
bachback 13y ago
Wonder how rich these guys are now. The exchange will not survive, because it is horribly architected.
Datsundere 13y ago
How about they process things faster. Maybe add direct deposit like coinbase from bank but make it faster with less fees. Bitcoin wiki is already very good.
wpietri 13y ago
But what was wrong with the name Mtgox? That seems perfectly consumer-friendly to me.
heliodor 13y ago
Under "top 8" exchanges they list MtGox first. Does not inspire confidence in them in light of the news about BTC China being the biggest. They claim the rankings come from Bitcoin Charts, yet on there BTC China has 60% more volume than MtGox.
GigabyteCoin 13y ago
Wow, they used a BFL Jalapeno as their example miner: http://www.bitcoins.com/assets/img/illustrations/digitally_created.png http://www.bitcoins.com/assets/img/illustrations/digitally_c... Interesting choice...

112 points by theboywho 13y ago

Under "protection": "The nature of Bitcoin means that, compared to credit cards or other financial tools, your identity is safer from theft. Your level of privacy is up to you, and in the online world privacy and protection are an asset." This is hilarious. Right now basically every week we have news of millions of dollars worth of bitcoins being stolen from sites. In contrast, with a credit card every client has full protection including fraud, charge-backs, returns, etc.

pilker09 13y ago
> Right now basically every week we have news of millions of dollars worth of bitcoins being stolen from sites. Rule 1: If you store your bitcoins with someone else, they'll most likely get stolen. People need to learn how to store their own bitcoins or they'll end up not having any.
- stingraycharles 13y ago
  Out of curiosity, what is the best way to store bitcoins? Have your wallet synchronized with a third-party backup provider?
  - pilker09 13y ago
    Here's my method, further down the comments: https://news.ycombinator.com/item?id=6814692 https://news.ycombinator.com/item?id=6814692
  - alexro 13y ago
    http://www.reddit.com/r/Bitcoin/comments/1pxycu/tutorial_how_to_create_a_safe_paper_wallet_for/ http://www.reddit.com/r/Bitcoin/comments/1pxycu/tutorial_how... http://www.reddit.com/r/Bitcoin/comments/1pxq6s/can_we_get_a_stickied_post_on_keeping_bitcoins/ http://www.reddit.com/r/Bitcoin/comments/1pxq6s/can_we_get_a...
wcummings 13y ago
Saying CC's have robust fraud protection is equally misleading, imo. They require you trust every merchant, website, waiter, etc to not abuse your information. Chargebacks just shift the cost of the merchant, most of the time, and as best I can tell PCI exists mostly to shift liability around.
- bunderbunder 13y ago
  In the USA, credit cards don't do anything protect anybody from fraud. However, they have extremely robust mechanisms in place for shuffling around the consequences of all the rampant fraud that results from their complete failure to offer even the barest minimum of fraud protection. So as a consumer I get to feel protected all the same.
alexro 13y ago
How about having your funds sliced by sort of Cyprus scenario? How about getting ill for half a year and finding out that the inflation has eaten most of your savings away?
- jonknee 13y ago
  I'll take my chances on a major currency (Euro/USD/GBP) over BTC in terms of volatility any day. You could find out that your BTC savings have become nearly worthless in six months. Or if you are unlucky enough to have a debt in BTC you could find out your debt has skyrocketed because of more BTC speculation (imagine you had a 1000BTC loan back when it was $10 a coin).
  - GhotiFish 13y ago
    yikes!!! That's actually terrifying. The dark side of inflation.
    - sireat 13y ago
      The dark side of deflation actually.
- gaadd33 13y ago
  What major currency has such hyperinflation that it would eat away savings in half a year?
  - GhotiFish 13y ago
    half a year? Nothing comes to mind. Interestingly, 10 years is a different story! http://www.economist.com/content/big-mac-index http://www.economist.com/content/big-mac-index
bunderbunder 13y ago
At the same time, seems like the credit industry was kind of asking for this kind of thing when they decided to muddy the waters by spin doctoring "credit card fraud" into "identity theft"
devcpp 13y ago
Like they said, "Your level of privacy is up to you". It seems like most people are competent enough to manage keeping their wallets safe...

deleted 13y ago

[deleted]

oleganza 13y ago

They do not emphasize wallet security issues enough. Before buying any serious amount of BTC user must ensure: 1. Software that he uses actually encrypts wallets (BitcoinQT by default does not!). 2. His wallet is backed up in 3 places. 3. Backups actually work and he tried them. 4. His computer is not infested with malware. 5. He has multiple wallets and money is spread across all of them. So that if he one days makes a payment, enters a password and virus steals his coins, he will not lose everything. Blockchain.info is a great service, but only when you enable 2-factor authentication (otherwise your encrypted wallet can be bruteforced offline) and make sure you get backups by email. Finally, everyone should remember: THERE IS NO "FORGET MY PASSWORD" BUTTON. If you own your coins, be it in BitcoinQT, Electrum or Blockchain.info, you must own your password. You lose it - you are done. People are not used to it. They should be.

iand 13y ago
> 1. Software that he uses actually encrypts wallets (BitcoinQT by default does not!). Are you sure about that? Can you point to a discussion where it says BitcoinQT doesn't encrypt by default. Googling found me nothing.
- oleganza 13y ago
  You have to turn it on. If you create yet another wallet, it's easy to forget that.
sehrope 13y ago
> Blockchain.info is a great service, but only when you enable 2-factor authentication (otherwise your encrypted wallet can be bruteforced offline) and make sure you get backups by email. 2-factor auth does not and cannot protect against offline bruteforcing, quite the contrary, it's only relevant for online authentication with a service provider. In your example it would be for authenticating with blockchain.info so they could perform an action on your behalf. Assuming they use your actual password as a master key to unlock a wallet they store on your behalf, the 2-factor piece is just extra security they are providing for actions performed through their site. 2-factor auth does nothing to prevent someone from trying to brute force the private key or pass phrase for your wallet. I'm all for using 2-factor auth (I personally have it enabled on every site/service that supports it) but it's only for securing online access to an external service.

dcc1 13y ago

Its just a shameless attempt to advertise mtgox, who by now pretty much pissed off everyone in the bitcoin community with their crap. Remember it was mtgox who caused the last crash and have since continued to screw users while getting into all sorts of trouble in US for dodgy going ons

user24 13y ago
except it barely mentions mtgox. If it wasn't in the title of this submission, I wouldn't know it was by mtgox.
- chrismorgan 13y ago
  Ditto. It really does seem to be quite generic.
- TomGullen 13y ago
  Don't know if I'd trust MtGox not to evolve it into an advertising platform in the future when it starts pulling in nice traffic.
clamprecht 13y ago
They link to two competitors: Bitstamp (a direct competitor), and Coinbase (a semi-competitor).
- dcc1 13y ago
  Yes they do but for exchanges list MTgox is first for merchant services MTgox is also first despite being barely used when compared to bitpay or coinbase
Beldur 13y ago
From their press release: ,,We’ve recently released the launch version of bitcoins.com, an information site for all things Bitcoin. The site is not centered on MtGox specifically and we've tried to keep it as neutral as possible in order to promote Bitcoin."

infocollector 13y ago

Can we automatically downvote all Bitcoin news please? Seems like every owner of Bitcoin these days is either busy writing a blog or making a Bitcoin related webpage? - Ponzi

user24 13y ago
> Can we automatically downvote all Bitcoin news please? Good idea. An entirely decentralised, pseudonymous, secure way of exchanging money is not something hackers are interested in.
TomGullen 13y ago
Why so bitter? For me it's the most fascinating area in technology at the moment.
iand 13y ago
Items on the front page reflect the interests and preferences of the community. This is not broadcast media force feeding you.

ck2 13y ago

Now that is a clean, friendly design. I wonder how long until we need a crypto-currency lobby for congress.

VMG 13y ago
There already are: http://www.theguardian.com/technology/2013/aug/26/bitcoin-lobbyists-us-authorities-scrutiny http://www.theguardian.com/technology/2013/aug/26/bitcoin-lo...
chrismonsanto 13y ago
> Now that is a clean, friendly design. I was pleasantly surprised to find that the header wasn't fixed. I can't wait until that fad dies out.
- djf1 13y ago
  What is wrong with a fixed header? Isn't it more convenient than scrolling back to the top of the page to access important links? The only possible issue I can think of is if screen space is limited.
  - chill1 13y ago
    Fixed headers consume vertical screen space -- permanently. Instead of allowing you to scroll down to have maximum vertical space for the content.

Aardwolf 13y ago

How to actually get bitcoins? I mean, seriously, I tried, but all my attempts were futile. Why can't I just use a credit card or similar and buy bitcoints? Back when they were $100, I really wanted to buy a bitcoin, spent half a day on it, but didn't manage to. I gave up everytime I needed to do something strange involving permissions with my bank. Is there an easier way to get them? I live in Europe by the way. Thanks!

pilker09 13y ago
> Why can't I just use a credit card or similar and buy bitcoints? Chargebacks are the reason. If you buy a bitcoin with a credit card and I send you a bitcoin, you can get your money back from the credit card company and keep my bitcoin.
- Aardwolf 13y ago
  Ok, so how to get a bitcoin (well 0.1 btc for me now that they are 10x as expensive as last time I looked) in a practical way without credit card?
  - pilker09 13y ago
    I don't have a good answer for that as I no longer buy bitcoins. My methods from when btc were cheap will no longer work.
  - vetinari 13y ago
    For example, you can trade at bitstamp.net using SEPA transfers.
  - bnr 13y ago
    http://howtobuybitcoins.info/ http://howtobuybitcoins.info/
  - vbuterin 13y ago
    If you are in the US, http://coinbase.com http://coinbase.com In Canada, http://cavirtex.com http://cavirtex.com or https://vaultofsatoshi.com/ https://vaultofsatoshi.com/ If you are in Europe, http://bitcoin.de http://bitcoin.de , http://bitcoin-central.net http://bitcoin-central.net , https://www.bitstamp.net/ https://www.bitstamp.net/ If you are anywhere, check out your local Bitcoin meetup group.

thomaslutz 13y ago

Has MtGox resolved their withdrawal issue yet?

bernatfp 13y ago

I wonder how Mt. Gox dares to spend their time creating this (which is nice by the way) instead of solving their withdrawal issues and finishing their new trading engine integration, which is pissing off many of their customers. The only reasonable explanation is that they have given up on decreasing their churn rate and instead they are focusing on acquiring newbies into their platform. Actually this is kind of sad...

lubos 13y ago
Do you honestly think that any programmer who works on Mt.Gox core product would have anything to do with this simple static information site?
- bernatfp 13y ago
  No, but I guess this affects the public image of the company. My understanding is that any serious company with issues of this magnitude would solely focus on sorting that out first and doing nothing else than that.
  - bobbles 13y ago
    Throwing more programmers at a problem is not a real way to actually solve that problem. This argument is similar to those people asking things like 'why does india care about protecting animals when they cant even feed their humans'. Solving one problem does not mean the other problem isnt still trying to be solved.
yapcguy 13y ago
A friend copied an e-mail that MtGox sent to them today: <snip> Dear MtGox Customers, Thank you for your patience during an incredible year for Bitcoin and MtGox. We’ve not been able to communicate as we may have wanted, but we’ve been working tirelessly in the background and we’re looking forward to even more progress in the coming weeks, which we’ll be announcing soon. We have four developments that we are proud to announce today: Introduction of the MtGox OTP Card Increased limit for SEPA withdrawals from Poland A modified trading interface Trade with no fees from Bitcoin Black Friday through Cyber Monday ... Additional Points: To increase the speed of Bitcoin transactions, we will now require all Bitcoin transfers to pay the standard 0.001 BTC network fee. The fee will be charged separately from your balance.

canistr 13y ago

The idea of using Bitcoin at this point in time to physically purchase goods and services is ridiculous given the speed of speculation. Hypothetically, why should I pay someone 0.5 BTC at $1000/BTC if in a couple of days I know it's going to rise to $1000+/BTC? Obviously the seller is betting on their value going up, but at this point, there's no reason to do anything except hold onto your BTC until the market actually stabilizes or even crashes.

giarc 13y ago
In 2010 a guy paid 10,000 BTC for 2 pizza's, probably roughly equivalent to $40. 10,000 BTC today = $10.5 million USD.
- canistr 13y ago
  Which is precisely my point. What incentive is there for the buyer to spend their BTC if the future value will dwarf the present value of the good they are spending it on?
  - ElbertF 13y ago
    What incentive is there for the buyer to spend their money on anything if they could be buying Bitcoin?
- hcarvalhoalves 13y ago
  > 10,000 BTC today = $10.5 million USD Does that valuation mean anything? What about liquidity? If I had 10 k BTC today, could I trade that for $ 10.5 M on the spot? http://buttcoin.org/easy http://buttcoin.org/easy
user24 13y ago
This question comes up frequently. The best thing to do if you want to buy something for $500, is buy $500 in bitcoin and then pay with bitcoin. This way your 'stash' isn't eroded and you contribute to the bitcoin economy.

bachback 13y ago

Wonder how rich these guys are now. The exchange will not survive, because it is horribly architected.

Datsundere 13y ago

How about they process things faster. Maybe add direct deposit like coinbase from bank but make it faster with less fees. Bitcoin wiki is already very good.

wpietri 13y ago

But what was wrong with the name Mtgox? That seems perfectly consumer-friendly to me.

heliodor 13y ago

Under "top 8" exchanges they list MtGox first. Does not inspire confidence in them in light of the news about BTC China being the biggest. They claim the rankings come from Bitcoin Charts, yet on there BTC China has 60% more volume than MtGox.

GigabyteCoin 13y ago

Wow, they used a BFL Jalapeno as their example miner: http://www.bitcoins.com/assets/img/illustrations/digitally_created.png http://www.bitcoins.com/assets/img/illustrations/digitally_c... Interesting choice...