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Back to the Topic: Why is Lindenlabs still ignoring Bitcoin ? Even Paypal has integrated Bitcoin: http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/ The things i would like to see: Bitcoin payments inworld and on the marketplace Cash withdrawal and deposit on Lindex Cutting the propietary solution Lindendollar I've phoned with the phone support of Lindenlabs and asked him why they are still ignoring Bitcoin and that Lindenlabs said years before they are doing this step due to money laundering. He loughed and said: that was only a fake reason because they are interested in controlling the currency - on this way they could decide how much and when the Lindendollar can be converted to real $ and keep the rest in their own pocket. This is a good technique to get a big credit from the Secondlife inhabtitants. I am not sure if we should accept this. BTW.: The Bitcoin Bubble is going on ...

Bitcoins can be accepted without Problems in Secondlife. You can even make a "Bitcoin accepted" Banner in front of your shop.

Oh really Storm ? Seems there is now a open discussion about Bitcoin in the Forum and i am still waiting for the big crash of Bitcoin Bitcoins can be accepted without Problems in Secondlife. So there is now an other alternative Currency to Lindendollar.

Thats it ! There are some shops in Secondlife, which are accepting Bitcoin now ! As well as some Landlords ! Thumbs up !

Mhh, where are all the Contra Bitcoin Guys now ? We are all waiting for the Big Bitcoin Crash ... After correction phase hovering at around 666$ it seems that Bitcoins continues its Crusade ... 6666$ the next target ?

Hey Medhue, the for the good Bitcoin Information ! Are you accepting Bitcoin in your Shop ? If yes, i am going to spend some at your Shop.

Storm Clarence wrote: Bitcoin is trading at 300USD which is over 70% lower from the start of the *dares* by Suds to short in order to prove him wrong. Well, he was not only proven wrong - he has to be a lot poorer today than he was last week. I'm glad I wasn't long snakeoil. TIP OF THE DAY: Never, ever take trading advice from people on the Internet who think they understand but absolutely do not. As was proved in this thread over and over again. No - I am not trading at mtgox Maybe you should mention the correct price at other exchanges. A lot of people think mtgox is not solvent but mtgox doesnt play a big role anymore. Its 700$ and this is not 70% lower ... just to remember you spikes are not representative for Bitcoin. Bitcoin was around 400$ weeks before and got to 1000$ again. If you look at the history you will see that this is nothing special for bitcoin. Its still bullish if you look at a wider not so tight timeframe. And to tell you again - ive bought bitcoin at a much lower price. The actual protocol problem is known a long time (2-3 years) but the real problem is that some exchanges implemented it in the wrong way. Similar to your local Bank ATM, with a fake mask ATM in front of it or people phishing your online bank account. I am sure you wouldnt call this secure as well, but i am sure you dont care about. BTW: With threads like this you are doing not a big favor to yourself ... but its your decision. http://community.secondlife.com/t5/General-Discussion-Forum/Trolls/td-p/2495749/highlight/true

reymarkperry wrote: Read this article from Bitcoin Daily and find out what are the businesses that accept bitcoin as payment http://bitcoindaily.com/leisure/. Thank you reymarkperry. I've made a similar list as well. But some people just dont want to read it. I have to take a look as well.

Qie Niangao wrote: I'd feel better about it if reymark actually were Sudo's alt but the style is quite different, and I don't see Sudo presenting as such an unwitting congregant at the "believe in the power of bitcoin" revival tent. It reminds us that many ordinary folks are putting hard-earned savings at risk with bitcoin, and will be very lucky not to be parted with that money. One wonders how many of them lost everything when Silk Road 2 got wiped clean. No its not my alt Qie - thank you. My point of view is that Bitcoin is very interesting as an alternative payment option combined with bitpay.com together. Its better than to trust Paypal only. I would not be impressed if a sellers Paypal account is being frozen due to virtual cuba wares. If this seller is from Spain for example, Paypal could just ignore european laws. Would not be the first time Paypal is doing this practice. BTW: The richest man Asias is investing in bitpay.com. His name is Li-Ka Shing (investing over Horizons Ventures, early investor of Facebook and Skype) Source: http://techcrunch.com/2013/12/27/asias-richest-man-invests-in-bitpay/

Sassy Romano wrote: Now you're just using an alt to reply to yourself. I for one don't need to read anything. I can do all my payments both send and receive in currencies that work just fine, I don't need to have any interest whatsoever in Bitcoin. Remember, it's not legal tender and at that point, there ceases to be any interest in it. I might as well trade in grass clippings. Mhh the discussion starts to get interesting now. Sassy - this in not my alt. I think you mean the guy up to you. You should accept maybe that there are more Bitcoin users out there reading this thread as well. But its hard to conversate with people Contra Bitcoin. You have interesting arguements but assumptions like this is a little bit childish now. Sassy one question: as far as i know you are selling a lot of sex articles, like Sassy Bad Day Skirt isnt it. Did you know that a lot of children and adults are buying your skirt as good rape equipment? Or would you say this is a stupid assumption. To make it clear: your skirt can be used in a good or bad way, like bitcoin as well. I would like to use Bitcoin for faster withdrawals and to be more independent from LL in the case of bankrupcy. Using Bitcoin is as legal like using your Sassy's Bad Day Skirt. Its just business nothing else. But to return to the discussion: Which arguments speak against Bitcoin when Bitpay.com is integrated in Secondlife ? With Bitpay you can get your USD or whatever much faster with no risc due to price fluctuations. BTW: Bitcoin IS a LEGAL tender (in USA) - USA itself is selling at the moment the complete Silkroad Money from the FBI. Its just an other assumption from you, that Bitcoin is not legal. Sorry, but it IS.

Storm Clarence wrote: Sudoquai Wonder wrote: Kwakkelde Kwak wrote: Sudoquai Wonder wrote: The question is: What is the asset, what is the base currency and what is the bubble? You cant argue Bitcoin is a Bubble ready to burst based on two articles. If you are absolutely sure, you can open a Forex Account and just Short Sell Bitcoin. If you are right you will make a lot of money with this bet! I wouldnt do that at the moment. Next target is around 10.000$ - like it or not and it will move to this direction. Maybe not tomorrow but it will. My reservations aren't based on two articles. History (short as it may be) shows the bubble effect, remember the 30-2 dollar drop? The 2 dollar is still higher than the "real value" of the asset, which is of course nothing. Short selling by myself won't be very wise, not right now at least, but what if the biggest bitcoin hoarders would do just that? You'd see the value drop from close to 1000 to 0 in a heartbeat. I won't be buying or shortselling anyway. I don't see bitcoins different from any other asset and I don't like to speculate, call me conservative. As the US goverment stopped the gold standard they've opened the possibility to make unlimited dues, which cant be returned. The US government for example has this problem actually NOW at the moment. They would like to decrease the dues, but they cant. Every half year they are increasing the dues together with the oposition and this leads to inflation first and then to hyperinflation or a hair cut. Maybe not this year but it will happen. The reason the gold standard was abandoned, was to prevent hyperinflation. It doesn't rule out the possibility of course. The value of money is based on trust, much like the bitcoin. The big difference is, normal money is regulated much better and like it or not, people have more trust in normal money than in bitcoins. Anyway, here's an article on the gold standard. Particularly this sentence: “Most economists now agree 90 percent of the reason why the U.S. got out of the Great Depression was the break with gold,” said Liaquat Ahamed, author of the book Lords of Finance. Bitcoin dropped already from 1200$ to 500$. The market didnt accept this price - correction phase is already over hovering at around 1000$. As well as the 30$ to 2$ drop - this past correction is over. ... Again, you were dead wrong. It's just beginning. You are playing a game you simply do not understand. Period. You just don't get it! You have already lost over 30 percent of your money since you started this OP. Ride it out a little longer perhaps you will lose 75% by end of 1st quarter. Lol! Storm - you CAN short Bitcoin but there is no reason to do it (go to Avatrade). Your Timeframe is some hours, maybe days. I've bought Bitcoin at much more lower levels. So i cant see any loss looking at my initial investment ... I can sleep very well. BTW: A good trader never invests his whole wealth in one basket ... but dream on And good as i am i am telling you - Bitcoin is "bubbling" and "bursting" every year. But the "bubble" is always bigger then the "burst" - hopefully i could help you. The last "bubble" and "burst" was at April 2013. And yes: After each bubble Bitcoin is loosing 75% of its value - gaining 1000% after correction. But do what you want, i am not your mum or dad ... and discussions like this are very off-topic for me. Nobody is forcing you to use Bitcoin. Have a nice day.

Qie Niangao wrote: This was all over the news yesterday. Not that I'm a huge fan of Apple, but the move does illustrate the massive power of Cupertino. The reports of enraged Bitcoin believers smashing their iPhones for a promised Nexus 5 replacement are also hilarious. Two things about that: The (quite impressive) Nexus 5 is so inexpensive as to be the rounding error on Bitcoin's daily volatility, and WTF are Bitcoin faithful doing, owning non-jailbroke iPhones? This flock is so ripe for fleecing! Great Since Steve Jobs is dead Apple is doing the biggest **bleep**, like at lifetimes when Steve Jobs was out of Apple. And of which "Power of Cupertino" you are talking about? Bitcoin is a threat for them. Google likes Bitcoin and are thinking about integrating it in Google Wallet, which is used for paying Android Apps. Its well known that Apple is doing this because they cash 30% of all Appstore earnings. Bitcoin is a threat for them going around this. They are as well thinking about an own "crypto" currency. I think it will be more like these childish Amazon Coins. Here are Bitcoin Users using IPhone (as a contrary picture to the "power of cupertino") : https://www.change.org/petitions/apple-allow-bitcoin-wallets-on-the-iphone I wish Apple all the best with this decision. Google doesnt need any wishes - they know what they do.

madman626 Fall wrote: I don't think my bank would take your silly bitcoin either ,, I dont blame LL one bit for not talking them ,, you don't like it easy go play with your bitcoin else where. Is your Bank taking your silly L$? And the question is if Bitcoin needs a Bank to be accepted or if Bitcoin is its own bank. Bitcoin is widely accepted, you can easily pay with it ... Look at what in Cyprus happened. People trusted their Bank in Cyprus and the government just took a "small" amount from peoples Bank account to pay back their dues. And in Cyprus people bought a big amount of Bitcoin to save their money. I dont know where you are living, but if it is USA the same can happen to you in the near future ... So if you trust your Bank - just do it. Fact is Banks dont like Bitcoin because they dont know it is friend or foe. I wouldnt underestimate it.

Storm Clarence wrote: You can't short bitcoin. So what are you talking about? You can my friend, you can. Bitfinex, Avatrade and for sure some other Inform please, then think and then talk ...

Its only a contra argument. The guy says with other words, these companies are money laundering companies. Back to the topic: Will Bitcoin be accepted by the Local Payments Program? Its more a question directly to LL because the phone support is so weak and quiet. BTW: i see the same "Contra Bitcoin" guys in every thread i've opened and it has nothing to do with my topic, steph and co.

Kwakkelde Kwak wrote: I am sure it will burst eventually. I just can't predict when it will burst. LOL Shortsell bitcoin and prove me that you are right. BTW: i never play lottery.

Strange - i've thought the same. But - can you prove it ?

Kenbro Utu wrote: Sudoquai Wonder wrote: Its even listed, wellknown and traded in Forex: Feel free to find Lindendollar in Forex. Could you buy DIRECTLY a House, Car or whatever you like with Bitcoin? Yes you can. Could you do this with Lindendollar? No, you cant. That is wonderful. Perhaps you are confused about what Linden dollars are. It is strictly a currency for in-world transactions in Second Life. It was never intended to be a real currency. In fact, Linden Lab strictly restricts its use to Second Life, and they do not even define it as a currency. They define it as such: "Linden Research, Inc. (“Linden Lab”) operates a virtual world platform known as Second Life (“Second Life”), and makes available for use in Second Life a virtual token or virtual “currency” element (referred to as “Linden Dollars”) intended solely for use to access virtual objects in Second Life, and affiliated websites operated by Linden Lab including, but not limited to, https://marketplace.secondlife.com. Why are you even trying to compare it to any other type of currency? I don't believe anyone even stated it was "a reliable currency." It is only valuable as long as Second Life exists. I get you like Bitcoins and believe in them, but I don't understand your apparent crusade to thrust them upon Second Life and the users of this forum. Perhaps it would be prudent for you to go evangelize somewhere that you would be appreciated. It does not appear this forum fits the bill. You try to explain me that i am **bleep**ed up, when Secondlife doesnt exist anymore? I think your argumentation is very weak - if L$ is only good for SL, then i am thinking about what all the big creators selling you and me stuff in SL are doing the whole day? Collecting L$ to buy toys in SL? Sorry

Gadget Portal wrote: I'm not sure you know what "fanboy" means, as you call someone else a fanboy while you flood the forums about how great bitcoin is... Bitcoin IS great - and a forum is an open discussion plattform. Your opinion is as welcome as my opinion. If this "flood" is to much for you, than just ignore it. People with the same opinion are glad to read this, and i am sure there a many

steph Arnott wrote: Sudoquai Wonder wrote: The real world still thinks Secondlife = Child Porn ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Have no idea were you got that from. As for Bitcoins,, good luck getting rich. I will still stay with paper money, because my grocer shop only accepts hard cash. You clearly do not understand why paper or alloyed coinage exists. Cut 20% off the end of a note and it is still worth the same value printed and the off cut is valueless, file off the edges of gold coins and its value decreases but still has the face value guaranteed and the fileings still have value. Debasing Also gold is rarther heavy to carry around. On a note: Gold has a very unusual property, what ever it is alloyed with it can still be separated . Is your local grocer shop accepting L$ or my local currency ? I would say - no.

You are talking about money laundering with Bitcoin. Do you call the following organizations money laundering organizations? - Ebay (Thinking about offering Bitcoin as payment option) - Google (Thinking about integrating Bitcoin as payment option in Google Wallet > Android Apps) - Zynga (Accepting Bitcoin) - Overstock.com (Accepting Bitcoin for payments) - Virgin / Virgin Galactics (Richard Branson - Accepting Bitcoin) - US government (Accepting Bitcoin for Donations, Selling Bitcoin from criminal organizations) - 20.000 shops worldwide, feel free to google them all. Sorry to say that, but you sound like a fanboy. Who told you that i would like to cash them out to $ for example. It is okay for me to pay with Bitcoin and accepting them. No need to "cash them out" BTW: If you want to exchange Bitcoin to $ or whatever local currency you use, you have to verify at an exchanger of your choice. This exchanger usually needs your passport and a provement of your address. Didn't notice that LL is doing that. In my opinion its easier to launder money with L$. If you would like to launder money it would be better just accepting L$ instead of Bitcoin.

Kwakkelde Kwak wrote: Sudoquai Wonder wrote: The question is: What is the asset, what is the base currency and what is the bubble? You cant argue Bitcoin is a Bubble ready to burst based on two articles. If you are absolutely sure, you can open a Forex Account and just Short Sell Bitcoin. If you are right you will make a lot of money with this bet! I wouldnt do that at the moment. Next target is around 10.000$ - like it or not and it will move to this direction. Maybe not tomorrow but it will. My reservations aren't based on two articles. History (short as it may be) shows the bubble effect, remember the 30-2 dollar drop? The 2 dollar is still higher than the "real value" of the asset, which is of course nothing. Short selling by myself won't be very wise, not right now at least, but what if the biggest bitcoin hoarders would do just that? You'd see the value drop from close to 1000 to 0 in a heartbeat. I won't be buying or shortselling anyway. I don't see bitcoins different from any other asset and I don't like to speculate, call me conservative. As the US goverment stopped the gold standard they've opened the possibility to make unlimited dues, which cant be returned. The US government for example has this problem actually NOW at the moment. They would like to decrease the dues, but they cant. Every half year they are increasing the dues together with the oposition and this leads to inflation first and then to hyperinflation or a hair cut. Maybe not this year but it will happen. The reason the gold standard was abandoned, was to prevent hyperinflation. It doesn't rule out the possibility of course. The value of money is based on trust, much like the bitcoin. The big difference is, normal money is regulated much better and like it or not, people have more trust in normal money than in bitcoins. Anyway, here's an article on the gold standard. Particularly this sentence: “Most economists now agree 90 percent of the reason why the U.S. got out of the Great Depression was the break with gold,” said Liaquat Ahamed, author of the book Lords of Finance. Bitcoin dropped already from 1200$ to 500$. The market didnt accept this price - correction phase is already over hovering at around 1000$. As well as the 30$ to 2$ drop - this past correction is over. We could really discuss the whole day, Kwak. But like i've suggested: If Bitcoin is a bubble, and you are sure then just shortsell it - i wish you good look and all the best with this bet. I wouldn't do that, at least not at the moment. Maybe in 5-10 years you can think about it. Maybe ...

Kwakkelde Kwak wrote: You do understand what an asset bubble is right? I thought this article explained the bitcoin bubble quite well. This one too. Hoarding will drive up the price of anything. Wasn't that the main reason the US government stopped using the gold standard in the 1930's? Backing money with gold seems more risky than not doing so. One also has to wonder how bad normal inflation is. A dollar might be worth 25 times less than a century ago, but more people are able to buy a house, a car, a new kitchen, plenty of food, go on vacation etc. etc. Hyperinflation is always a risk, but a bursting bubble is a higher one if you ask me. Therefor (among many more reasons) I have more trust in "normal" currency than in bitcoins. But what do I know? I'm not an economist. The question is: What is the asset, what is the base currency and what is the bubble? You cant argue Bitcoin is a Bubble ready to burst based on two articles. If you are absolutely sure, you can open a Forex Account and just Short Sell Bitcoin. If you are right you will make a lot of money with this bet! I wouldnt do that at the moment. Next target is around 10.000$ - like it or not and it will move to this direction. Maybe not tomorrow but it will. A higher price means, trust is growing and it looks very good at the moment. Bitcoin is nothing else than a money transaction system like Paypal, Western Union or whatever. Fact is - you cant prove it is a bubble. So there is no point argueing against. BTW: you are absolutely right that a deflationary currency is not good at all > Deflation Spiral. As the US goverment stopped the gold standard they've opened the possibility to make unlimited dues, which cant be returned. The US government for example has this problem actually NOW at the moment. They would like to decrease the dues, but they cant. Every half year they are increasing the dues together with the oposition and this leads to inflation first and then to hyperinflation or a hair cut. Maybe not this year but it will happen.

bigmoe Whitfield wrote: Gadget, he's never going to understand this. if the lab does take them, I'm out, my company is out, we will be done. because it leaves to much risk involved and he'll come in say "what risk" oh money laundering, more legal issues for the lab, I can go on and on with him on this, but I am going to take the higher route and avoid getting myself into trouble. I toly you my answer: If Paypal is accepting Bitcoin, and you are using Paypal for withdrawals i would like you to guarantee me that your company is out of here. If Lindenlabs is doing the same without Paypal there is no difference. The only contra Point is that it has to be changed fast. But if you can change your Bitcoins the same second at Lindenlabs directly and automatically you cant argue, that you would have some disadvantages. If you have, feel free to explain them to me.

Gadget Portal wrote: Dude, get over the bitcoin thing. It's not happening. Not only is it a legal mine field, but it's not worth it due to the conversion rate. Bitcoins aren't accepted here. Obsessing over it is making it seem like you're eager to cash in on a scam. If it is happening or not is written in the stars. The conversion rate is not a problem, when you use a payment processor as middleman, because you are getting dollars or whatever you like in the same minute. And as far as i know Secondlife is used a lot for money laundering in the past with normal Lindendollars, so i can see no difference. Pro Bitcoin: i can change it wherever i like, pay with them wherever i like. If i pay to you 10k Linden its a legal minefield as well, because there is no contract exisiting. It works only on the Marketplace buying goods with Lindenlabs as middleman. I would say: its the choice between 2 devils, if you know what i mean.