How to Buy Bitcoins Anonymously
Buy Bitcoins Anonymously
Richard Stallman Answers Your Questions
Samzenpus (5) writes “A while ago you had the chance to ask GNU and Free Software Foundation founder Richard Stallman about GNU, copyright laws, digital restrictions management, and software patents. Below you’ll find his answers to those questions.” Read more of this story at Slashdot.
A Safe How-To Guide for Buying and Using Bitcoin – PanAm Post (blog)
PanAm Post (blog)A Safe How-To Guide for Buying and Using BitcoinPanAm Post (blog)After you have your wallet established, the next step is to fill it up with bitcoins! The website best used for this service is Coinbase. While everything can be done anonymously with your wallet, buying bitcoins does require that you verify a bank …and more »
Questions and Answers
You can buy drugs anonymously with them, that must be a pretty good use for some people.
Check Http://bitcoincharts.com/markets/ for a list of all the Bitcoin Exchanges around the world. Choose one which is ideally in the same country/currency as yours or has the lowest cost method you can transfer currency to. For example if you live in Singapore, you would choose FYB-SG as it provides trading in your home currency and free deposit/withdrawals.
Another great resource to check is the Bitcoin Wiki Buying Bitcoins page,
Sign up at the exchange, deposit money into their account via one of their supported methods and place a buy order either at the market price or lower(if you can wait and think that the price might drop).
If you are not holding a large amount, using a web wallet like Https://blockchain.info/wallet/ might be worth the convenience.
If you prefer a desktop client, you can choose a thin client.
However, using any thin/web client requires trust on the server providing you with data/client.
If you are holding a significant amount of Bitcoins, you should opt for the original Satoshi client which does have the drawback of downloading the entire transaction history of Bitcoin so as to not have to trust any server or 3rd party for validity of transactions(This can take days to construct).
You can find a list of clients at Http://bitcoin.org/clients.html
Best is litecoin or Scrypt coin rigs.
Go to CanadaComputers.com or the store and have one of their geeks build you a budget miner.
7950 cards are the way to go, but if you’re going budget, 7850 cards will do the trick. 3 of them will get you about a MH/S which is decent. You’ll get .3 litecoins a day. Best is to learn the scrypt coin market, and play the market with other alt coins in the trading system.
I made 150$ in 24 hours mining an Altcoin and trading them for bit coin. Althought I sold for 1 satoshi and could have easily made 2-3 times more in a few weeks, i’m more than happy with 150$/Day. Just be good at detecting profitable new low difficulty coins and go with it. You’ll get allot of crappy coins, but you’ll get to understand how the market thinks. It’s a hobby and allot of fun.
I make about 400$ a month and spend $50 in electricity. It’s not a bad tradeoff. I paid my initial investment a couple of months ago.Now it’s pure cash.
Debating on buying more cards now. I saved up nought to buy 2 new systems. It’s all a gamble. Remember the key word here. HOBBY! 400/month for a 700$ budget setup with 3 cards is not going to make ends meet in Canada. But if you take that money and reinvest, you’ll be happy in the end I think.
If you wanna try the game, try buying 1 x 7850, they will get you about 350 kh/s if tweaked right and won’t cost much electricity. Buy a used computer from a second hand store. Just make sure it has a PCI-E 16 slot.
That system will take 3 months to pay off (while you learn)
The system will cost about $25-40 and the card runs about $230. So for under 300 you can have a little taste
of it. You’ll end up killing the system and buying a better MB that supports 3-4 GPUs in no time 🙂