BITCOIN: MONEY FOR THE INTERNET GENERATION

History:

In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System.

This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust". In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John’s.

On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or "block chain" which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoinsOn 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in Bitcoin's history.

Buying Bitcoins/Litecoins with $CAD

1. Fill out the BUY form on the Buy/Sell page. Specifying the amount of $CAD you wish to spend on Bitcoins/Litecoins, and your wallet address that you want to receive the purchased Bitcoins/Litecoins at.
2. Choose your payment method, and follow the instructions that are emailed to you.
*Payment forms accepted are - cash in office, cash through express mail,online banking, and Interac^® Online.*
3. When we receive the payment, we will deposit the Bitcoins/Litecoins to the provided wallet address. * Please note orders must still be approved manually on our side before bitcoins/litecoins are sent, typically Mon-Fri 9-5.

Selling Bitcoins/Litecoins and receiving $CAD

1. Fill out the SELL form on the Buy/Sell page. Specifying the amount of Bitcoins/Litecoins you wish to sell.
2. Select your requested payment type, and enter other payment details as necessary.
*Current payment forms accepted are - cash in office, cash through express mail, and direct deposit.*
3. Click continue and confirm all the information is correct.
4. Click the confirmation button to obtain a wallet address to deposit your Bitcoins/Litecoins into.
5. Deposit Bitcoins/Litecoins within 3 hours.
6. When we receive the Bitcoins/Litecoins (only 1 confirmation required), we will send your $CAD payment.
7. If you make multiple sell orders in one day, please be aware that we will only deposit/mail out one payment per business day.
8. Please note that cash orders by express mail are fullfilled based on the order they are recieved, and available cash. This can create delays on completing orders. If time is an issue please look at getting your account verified and using our direct deposit option.

WATCH HOW IT WORKS:

HOW IT WORKS

Frequently Asked Questions

• What is a Bitcoin? Go to bitcoin.org for more info
• What is and where can I get a Bitcoin Wallet? Go to bitcoin.org choose your wallet page for more info.
• Do you operate outside of Canada? No. We can currently only service Canadians, living in Canada.
• What is Litecoin? Go to litecoin.org for more info
• What is and where can I get a Litecoin Wallet? Go to liteaddress.org for more info, and to get your wallet
• Do deal with any other CryptoCurrencies other than Bitcoins and Litecoins? Currently, no.
• Why real cash? Because like Bitcoins/Litecoins, its 100% irreversible. There's No chargebacks, No stolen credit cards, No scams.
• Can I cancel my order after I've sent payment? Yes, as long as we haven't already sent you the Bitcoins/Litecoins. Please contact us ASAP and we will return your payment to you, minus a return processing fee of $20 or 4% of the amount, whichever is GREATER.
• Can I send a cheque? No.
• Can I send a money order? No.
• Can I pay with credit card? No.
• Can I pay with paypal? No.
• Can I pay with wire transfer? No.
• Can I pay with email money transfer? No.
• Why can't I pay with <insert one of the above>? Because they are all susceptible to fraud.
• Will you ever accept <insert one of the above>? Maybe, if we can find a way around the potential fraud, or if you convince us you're not a fraudster (aka repeat customers!).
• Can I put a $0.85 stamp and send you the money using letter mail? Yes if you really want to, but at YOUR OWN RISK. If it gets lost in the mail, too bad, we can't do anything for you. If we say we didn't get it, we didn't get it, no arguing. We highly recommend against it. Use something that can be tracked!
• I live in/near Ottawa, can I deliver the money in person? Sure. The address on the form can be accessed mon-fri 7am-6pm. You can slide it under the office door (NOT THE FRONT BUILDING DOOR) if you want to remain anonymous. Or feel free to come in and say hi (usually someone is in the office mon-fri 9-5). The 3 hour rate guarantee does not apply for payments left outside of business hours.
• You sent me the wrong amount of BTC/LTC/$CAD! for my CASH order. We only guarantee the posted rate when you place your order for 24 hours for cash in mail, and 3 hours for cash in person. After that we reserve the right to adjust the amounts based on current market conditions.
• You sent me the wrong amount of BTC/LTC/$CAD! for my BILL PAYMENT order. We do not guarantee any rate for Bill Payment orders, since we have no way of knowing how many days it will take the banks to credit our account the money. Bill Payment orders are processed based on your specified preference; either IMMEDIATELY at the RATE when its received, or you can choose to have us HOLD your payment until you manually execute it at a rate of your liking. This setting can be found under the Bill Payment Preferences Page.
• When I sell coins, how many confirmations are required before payment? We require only 1 confirmation.

Cash/XpressPost Frequently Asked Questions

• When I sell coins, and receive cash via xpresspost, is there any guarantees? We guarantee that the package will make it to Canada Post and be assigned a Tracking Number. Canada Post (supposedly) guarantees delivery of said package once its in their system, however, should a package be mis-delivered by CP and not tracked down, there is nothing we can do. We will not re-send payment for lost/stolen/mis-delivered packages once they leave our hands. By choosing this payment option, YOU assume all risks.
• Why won't you re-send cash for lost/stolen/mis-delivered packages? Because we have already been scammed by people claiming they never received their package (and thus, us trying to be nice and re-sending it and eating the cost on our side), when CP clearly has indicated that it was delivered to the correct address, and support ticket investigations have lead to confirmation of delivery.
• When I sell coins, and receive cash via xpresspost, can I leave off my name as to remain semi-anonymous? By not including your name in the mailing address, we will mail it anyways, however you open yourself to further risk of package mis-delivery by Canada Post, and make it much harder to track down lost/stolen/misdelivered packages.
• When I sell coins, and receive cash via xpresspost, can I get "Signature Required on Delivery"? Yes! If you would prefer signature required, simply indicate that in the mailing address section when you fill out the form, or if you dont think of it till after, simply send us an email and we will add the "Signature Required on Delivery" option.
• When I sell coins, and receive cash via xpresspost, is there any insurance on the value? No, Canada Post does not allow insuring cash.

Dell now accepts bitcoin

How to pay with bitcoin:

·  When you’re ready to make a purchase, just add your items to your cart, fill out your shipping details and choose Bitcoin as your payment method. When you submit your order, you’ll be taken to Coinbase.com to complete your purchase.  · From here, you can choose to pay directly from your bitcoin wallet by using the generated payment address or by scanning the QR code with your smartphone. Or, if you have a Coinbase account, you can log in and send payment directly.  · Once your payment has been processed, you’ll be returned to Dell.com for order confirmation. It’s as simple as that!

Valeur actuelle de Bitcoin

Valeur actuelle

News de Bitcoin

The Rise and Rise of Bitcoin