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Thread: reddit now accepts Bitcoin

  1. #1

    Default reddit now accepts Bitcoin

    Pretty huge news as they have a ton of users. Spot is now $27 per coin.

    http://blog.reddit.com/2013/02/new-g...tcoin-and.html

    "Right now we're only accepting credit card payments from the US and Canada, but bitcoin payments can be made from anywhere in the world."
    The point...they get it.
    Last edited by Paladin69; 02-14-2013 at 04:25 PM.



  • #2

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    Yup, Bitcoin is chugging along very nicely
    My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right, tend to be unwilling or unable to accept blame )

  • #3

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    Yup
    42

  • #4

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    Reddit's CEO is a software engineer by trade and has been following bitcoin since the beginning. So props to him for making this happen. Would be great to see some other companies follow suit.


    I'm still waiting for a legit full featured bitcoin poker site to appear. Just need to reach the tipping point to drive investors in.
    "No matter how noble you try to make it, your good intentions will not compensate for the mistakes that people make; that want to run our lives and run the economy, and reject the principles of private property and making up our own decisions for ourselves." - Ron Paul

  • #5

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    I wish Steam would start accepting them, but it looks like Gabe is making his own currency scheme to allow foreigners to buy games easier. His team understands the value in having your own currency. Too bad his will be endless inflation.

    The best thing to do is reach out and send e-mails to companies for their support. We should really organize mailbombs.

  • #6

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    Quote Originally Posted by brandon View Post
    I'm still waiting for a legit full featured bitcoin poker site to appear. Just need to reach the tipping point to drive investors in.
    https://sealswithclubs.eu/

    It doesn't use government currency so it is legal.

  • #7

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    Who knew about Bitcoins in 2009, and why didn't you tell all of us here to buy some?
    • Negativity is ignorance, and ignorance is your own personal tyranny. It tells you how to act, how to talk, how to think, and what to feel. You will never see a world without tyrants until you release your own. ~Honored to be Among You

    How does Ron stay so calm?

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  • #8

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    Quote Originally Posted by Indy Vidual View Post
    Who knew about Bitcoins in 2009, and why didn't you tell all of us here to buy some?
    I didn't discover them until $6 spot in Summer 2012. They are worth $27 now. I wasn't nearly as lucky as those that got in for less than a penny spot. It pisses me off too but it will only go up from here IMO. It is a true market based entirely on supply and demand without any asshole banks paper shorting as is the case with silver. And as more get involved the price should just keep going up because of scarcity. And there will be plenty to go around because despite there only ever being 21 million in existence, it is divisible by 8 decimal places.

    I highly would suggest getting involved. It is never too late IMO.

    This guy is not computer savvy but he at least greatly understands the potential here...

    Last edited by Paladin69; 02-15-2013 at 10:58 PM.

  • #9

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    Quote Originally Posted by Paladin69 View Post
    I didn't discover them until $6 spot in Summer 2012. They are worth $27 now. I wasn't nearly as lucky as those that got in for less than a penny spot. It pisses me off too but it will only go up from here IMO.


    They were worth around $27 in 2011 as well, and then they crashed down to under $5. You didn't miss anything, it's been a gamble all along. No one knows what the future holds, but I bet you get another buying chance under $10 in the next couple years. The only people really making out here are the original miners from back in 2009/2010. They are doing great.
    "No matter how noble you try to make it, your good intentions will not compensate for the mistakes that people make; that want to run our lives and run the economy, and reject the principles of private property and making up our own decisions for ourselves." - Ron Paul

  • #10

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    Quote Originally Posted by brandon View Post
    They were worth around $27 in 2011 as well, and then they crashed down to under $5. You didn't miss anything, it's been a gamble all along. No one knows what the future holds, but I bet you get another buying chance under $10 in the next couple years. The only people really making out here are the original miners from back in 2009/2010. They are doing great.
    The first rise to $31 was definitely based on speculation as it happened almost overnight when Silk Road was reported by Gawker.

    Things have changed and if you look at a chart the rise has been much more steady.

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