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TL Store: Now accepting Bitcoin! - Page 6

Forum Index > TL Community
134 CommentsPost a Reply
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gold_
Profile Joined December 2010
Canada312 Posts
Last Edited: 2013-12-04 01:07:48
December 04 2013 01:00 GMT
#101
Cool, just randomly selected someone on the first page for a gift TL+ to try it out. See how it goes.

So easy to gift people with Bitcoins. Should really add a gift multiple users though.
+
I am from Canada, eh!
Marou
Profile Blog Joined April 2010
Germany1371 Posts
December 04 2013 01:13 GMT
#102
On December 04 2013 10:00 gold_ wrote:
Cool, just randomly selected someone on the first page for a gift TL+ to try it out. See how it goes.

So easy to gift people with Bitcoins. Should really add a gift multiple users though.


HAHA Thanks :D
twitter@RickyMarou
PooLsharK
Profile Joined August 2011
Germany179 Posts
December 04 2013 01:19 GMT
#103
On December 03 2013 21:41 boxerfred wrote:
Show nested quote +
On December 03 2013 21:34 ROOTSasquatch wrote:
I once did some free coaching and the guy insisted on paying me 15 bitcoins, I had no idea what they were at the time so when I reformatted my computer I didn't bother saving the wallet .

Seems like so many places are starting to use bitcoins though so It's nice that TL is too!



some guy lost his hard drive with the key to a hell of a lot bitcoins. that equaled a loss of more than a million dollars if I remember correctly. you should've kept them


http://www.liveleak.com/view?i=50b_1385680184
Dang ol' pretty pretty pizza
Marcus420
Profile Joined January 2011
Canada1923 Posts
Last Edited: 2013-12-04 01:41:48
December 04 2013 01:39 GMT
#104
On December 04 2013 10:00 gold_ wrote:
Cool, just randomly selected someone on the first page for a gift TL+ to try it out. See how it goes.

So easy to gift people with Bitcoins. Should really add a gift multiple users though.

Woah cool, thanks!

Guess ill return the favor
disciple
Profile Blog Joined January 2008
9071 Posts
Last Edited: 2013-12-04 03:01:22
December 04 2013 02:59 GMT
#105
On December 04 2013 09:45 Pittski wrote:
BitCoins are cool and all, but They still have a lot of work ahead of them to equal out the amount of stress it puts on your PC. Also there was a scam going on either this year, or last year where someone in a major company included the bitcoin script into a program where anyone who got the program on their computer it was being used for his profit. The person was obviously caught and the the program was fixed, but A lot of people computers were reported damaged from the stress.

Also, if you come to think of it. Bitcoins can ultimately really hurt the World Economy if it picks up. Since its basing its currency off thin air. It will increase national debt since it is not being produced off a Gold amount.


No currency uses a gold standard anymore. € $ are all 'based off thin air'. Your thought process is correct, its just being going on for a while now and bitcoins wont be the start of it.
+
Administrator"I'm a big deal." - ixmike88
Orcasgt24
Profile Joined August 2011
Canada3238 Posts
December 04 2013 03:31 GMT
#106
This currency seems shady as fuck. If it gets TL money then all the power to ya to accept it. I'll stick with my credit card.
In Hearthstone we pray to RNGesus. When Yogg-Saron hits the field, RNGod gets to work
Amazonic
Profile Joined September 2010
Sweden239 Posts
December 04 2013 05:10 GMT
#107
Sweet! Mining as we speak, happy to see more and more merchants accepting cryptocurrency.
"Amazing how something so simple as a fat person and gravity can be so amusing. Classic!"
Sufinsil
Profile Joined January 2011
United States760 Posts
December 04 2013 05:33 GMT
#108
On December 04 2013 05:39 Oakenshield wrote:
Show nested quote +
On December 03 2013 22:37 Marcus420 wrote:
On December 03 2013 22:31 deathgod6 wrote:
April Fools' came early.

we will be laughing when bitcoin doubles in price again



Bitcoin supporters only talk about the profit a few of them made, and never talk about the thousands of hours and dollars wasted and lost. Or the times it's been hacked. Or the fact that almost no one accepts it except for a now defunct illegal drug trade website. I'm really shocked that Team Liquid would even want bitcoins, I imagine they got some kind of a special deal from the company. This isn't a criticism, just genuine shock.


Shock you did not bother to fully understand how well supported bitcoins are now.

I am able to easily buy a gift card for Amazon, GameStop, Target and other stores via Gyft instantly. How I paid for half of my PS4 on black friday.
Sufinsil
Profile Joined January 2011
United States760 Posts
December 04 2013 05:36 GMT
#109
On December 04 2013 05:42 FabledIntegral wrote:
Would it be possible to invest in bitcoins by simply buying one now and sitting on it, and hoping it appreciates in value? Similar to gold?


Lots of people do that now, just like any other currency exchange market. The risk is it is extremely volatile right now. It was nice the .3 bitcoins I had mined went from $30 to $300 in 2-3 weeks.

Now it is so slow to mine it is not worth it anymore really. Difficulty and how many miners there are nice are to high. Wish I had done it 2 years ago when my 7950 was new.
peanuts
Profile Blog Joined May 2012
United States1225 Posts
Last Edited: 2013-12-04 08:47:05
December 04 2013 08:15 GMT
#110
Glad to see TL hopping on the bitcoin train. It's certainly an interesting idea, and the future will be interesting for the currency. Wish I had gotten in on it sooner. We stopped operating our bitcoin farm at school back in early 2012 because we thought it wasn't going to be worth it in a few months. Sold most of our bitcoins the following weeks, cashed out with $7,500 (split between 15 people)... Wish we had waited. Could be rolling in money. :c
Writer"My greatest skill is my enjoyment of the game" - Grubby | @TL_Peanuts
GeorgeyBeats
Profile Joined April 2011
United Kingdom338 Posts
December 04 2013 12:27 GMT
#111
This is pretty cool.

How long until TL accepts esports dollars as an official payment method?
How many bears could bear grylls grill if bear grylls coud grill bears?
Izanagii
Profile Joined May 2011
Spain14 Posts
December 04 2013 13:18 GMT
#112
If you were one of the people I gave $1 to 9 months ago here:

www.reddit.com/r/starcraft/comments/19utdu/hey_rstarcraft_its_my_7th_cake_day_and_youre_my/

you should now be able to buy a t-shirt @ TL.net. By design, this is how a deflationary, open-source, decentralized currency is supposed to work.

I won't ever give investment advice, but remember the old chinese proverb: "The best time to plant a tree is 20 years ago, the second best time is today".

Enjoy!
“The more I practice, the luckier I get.” - Gary Player
AlternativeEgo
Profile Joined August 2011
Sweden17309 Posts
December 04 2013 14:47 GMT
#113
On December 04 2013 22:18 Izanagii wrote:
If you were one of the people I gave $1 to 9 months ago here:

www.reddit.com/r/starcraft/comments/19utdu/hey_rstarcraft_its_my_7th_cake_day_and_youre_my/

you should now be able to buy a t-shirt @ TL.net. By design, this is how a deflationary, open-source, decentralized currency is supposed to work.

I won't ever give investment advice, but remember the old chinese proverb: "The best time to plant a tree is 20 years ago, the second best time is today".

Enjoy!


You planted that t-shirt for me but I didn't care to give it water. Apparently it died 21 days later. I am sorry.
Mark Munoz looks like Gretorp
aFganFlyTrap
Profile Joined May 2010
Australia212 Posts
December 04 2013 16:11 GMT
#114
On December 04 2013 05:39 Oakenshield wrote:
Show nested quote +
On December 03 2013 22:37 Marcus420 wrote:
On December 03 2013 22:31 deathgod6 wrote:
April Fools' came early.

we will be laughing when bitcoin doubles in price again



Bitcoin supporters only talk about the profit a few of them made, and never talk about the thousands of hours and dollars wasted and lost. Or the times it's been hacked. Or the fact that almost no one accepts it except for a now defunct illegal drug trade website. I'm really shocked that Team Liquid would even want bitcoins, I imagine they got some kind of a special deal from the company. This isn't a criticism, just genuine shock.



You havent been staying up to date then i guess.. More and more merchants are taking up bitcoin every day. From Wordpress to your local bar down the road. Places like Amazon etc are going to be accepting bitcoin in the near future too.
aFganFlyTrap
Profile Joined May 2010
Australia212 Posts
December 04 2013 16:18 GMT
#115
On December 04 2013 09:45 Pittski wrote:
BitCoins are cool and all, but They still have a lot of work ahead of them to equal out the amount of stress it puts on your PC. Also there was a scam going on either this year, or last year where someone in a major company included the bitcoin script into a program where anyone who got the program on their computer it was being used for his profit. The person was obviously caught and the the program was fixed, but A lot of people computers were reported damaged from the stress.

Also, if you come to think of it. Bitcoins can ultimately really hurt the World Economy if it picks up. Since its basing its currency off thin air. It will increase national debt since it is not being produced off a Gold amount.



That was ESEA(not that big of a company) who coded it into their anti cheat program/login system. They just settled in court for a million dollars in damages. Not that big of a story. especially if you are using it as a cautionary story not to get into bitcoin.


AySz88
Profile Joined March 2011
United States83 Posts
Last Edited: 2013-12-04 16:24:59
December 04 2013 16:24 GMT
#116
On December 03 2013 22:37 Marcus420 wrote:
Show nested quote +
On December 03 2013 22:31 deathgod6 wrote:
April Fools' came early.

we will be laughing when bitcoin doubles in price again

Not the people trying to actually spend bitcoins instead of hoarding them. It's acting more like "artificial gold" than currency, with this whole deflationary bubble going on. (edit: To clarify, accepting bitcoins is a no-brainer; it's the spending them that's questionable....)
sc14s
Profile Joined March 2011
United States5052 Posts
December 04 2013 19:20 GMT
#117
On December 03 2013 21:34 ROOTSasquatch wrote:
I once did some free coaching and the guy insisted on paying me 15 bitcoins, I had no idea what they were at the time so when I reformatted my computer I didn't bother saving the wallet .

Seems like so many places are starting to use bitcoins though so It's nice that TL is too!

15x ~1100 atm .. $16500. Thats a whoopsie

At least i dont feel as bad for losing the two that i had when my HDD went out.
Bogeyman
Profile Joined May 2010
Sweden307 Posts
Last Edited: 2013-12-05 10:08:01
December 05 2013 10:04 GMT
#118
Could someone explain to me the idea behind generating bitcoins by letting computers "mine" them? This is exactly the kind of economical... well, bullshit to put it bluntly, that makes me lose faith in... humanity? Making money out of nothing just makes me think of blowing balloons. How can it possibly be that with a super computer, perhaps designed for this single purpose, one can create huge amounts of money? Why would we pay "real money" (let's face it, money is just an agreement of worth) for these mined bitcoins? Why would we support such a crazy system?

Quite frankly though I'm the kind of person who in some ways also hate the stock market for similar reasons.

Anyway... seeing as there's really no risk from TL's side (as has been mentioned earlier in this post) I can completely understand this move. I'm just not liking some aspects of the system. That said, I'm not so sure it's much worse than how other currencies are handled. I guess I'm just a bitter man.

edit: also, it feels extremely unsafe to "store the money" on your harddrive. Sure, you can drop your wallet and lose money, and sure your bank could burn up in flames (figuratively speaking), but having a harddrive die doesn't feel like a way I'd be willing to lose all my money.
Prillan
Profile Joined August 2011
Sweden350 Posts
December 05 2013 10:32 GMT
#119
On December 05 2013 19:04 Bogeyman wrote:
Could someone explain to me the idea behind generating bitcoins by letting computers "mine" them? This is exactly the kind of economical... well, bullshit to put it bluntly, that makes me lose faith in... humanity? Making money out of nothing just makes me think of blowing balloons. How can it possibly be that with a super computer, perhaps designed for this single purpose, one can create huge amounts of money? Why would we pay "real money" (let's face it, money is just an agreement of worth) for these mined bitcoins? Why would we support such a crazy system?

Quite frankly though I'm the kind of person who in some ways also hate the stock market for similar reasons.

Anyway... seeing as there's really no risk from TL's side (as has been mentioned earlier in this post) I can completely understand this move. I'm just not liking some aspects of the system. That said, I'm not so sure it's much worse than how other currencies are handled. I guess I'm just a bitter man.

edit: also, it feels extremely unsafe to "store the money" on your harddrive. Sure, you can drop your wallet and lose money, and sure your bank could burn up in flames (figuratively speaking), but having a harddrive die doesn't feel like a way I'd be willing to lose all my money.

You're missing the other point of the mining side. The mining is mainly to verify transactions, to make them permanent and for doing that you get a reward. Note that this reward is the same, globally, no matter how many miners. There will still only be 25* bitcoins awarded every 10 minutes. This means that if you had close to 100% of the network (practically impossible) you'd still be capped at 25 bitcoins per 10 minutes. By giving an incentive to mine bitcoins you promote decentralization since every one wants a part in it. This in turn increases the security of the network which makes it harder to control by a central authority, e.g a large government.

The value of bitcoin lies in it fast global decentralized system where you can send transactions almost for free and that's why people are willing to pay money for it.**


Yes, there is a risk with storing it on your hard drive. However, for example Armory lets you create a simple paper backup that you can store wherever you want in case you forget your password or your hard drive fails. Some people even store these backups in bank vaults.
Bitcoin is still in its infancy. The ground work is done and the system works. What is left is services built on top of the protocol to make it all easier to use. I'm sure that there will be more services acting as banks in which you can keep your money if you're worried.

Please keep asking questions, and try to keep an open mind. That's the way one learns new things.

* See here about reward halving; https://en.bitcoin.it/wiki/Controlled_Currency_Supply
** Some people are in it for the speculation hoping to get rich quickly and easily, I'm not one of them.
TheBB's sidekick, aligulac.com | "Reality is frequently inaccurate." - Douglas Adams
R1CH
Profile Blog Joined May 2007
Netherlands10342 Posts
December 05 2013 10:51 GMT
#120
As much as I like the decentralized mining argument, when the next and future generation of ASICs are out, mining is going to become the domain of those who can afford huge datacenters and ridiculous setups like this. This basically means only a handful of such companies will be producing blocks and thus in control of the entire bitcoin network, which is a worrying thought. What if they decide to require a minimum TX fee or only confirm blocks from their "financial partners"?
AdministratorTwitter: @R1CH_TL
TL+ Member
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