How to Get a Custom Bitcoin Address

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Probably one of the most “uncomfortable” issues about Bitcoin is the fact that your Bitcoin address looks like you just made up a bunch of random numbers and characters. Luckily there are a few ways you can customize your Bitcoin address so it will look more appealing. None of the ways I will present in this post will be perfect but you can choose the one the suits you the most. Option #1 – 3rd party fully customized name Onename.io is a service that claims to be “your digital passport around the web”. By creating a simple username of Onename (for example mine is simply “Ofir”), you can have people send you Bitcoins to that username. Unfortunately this will only work with wallets that are compatible with the Onename API and there aren’t many at the moment. This is the equivalent of having a username at Coinabse for example and then being restricted to using it only when someone sends you Bitcoins through Coinbase. So the pros are very obvious – it’s easy to use and the name looks pretty. The cons are that you don’t have full control over you private key (which is a big no no in the Bitcoin …

5 Ways to Buy Bitcoin with Paypal – Scams and Legit ways

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  There’s no news to the fact that Paypal has been denying people the ability to buy Bitcoins with their services. It’s written loud and clear in Paypal’s TOS that they do not cover digital goods and this leads to the issue of chargeback. Hence anyone trying to sell Bitcoin with Paypal will probably be suspended from Paypal. Having said that, there are still a few options to be able to purchase Bitcoins through the use of a Paypal account. Most of them are far from perfect but if you need to acquire a small amount and it’s a one time thing you may want to consider them. Option 1 – Buy Bitcoins with Paypal through Virwox This is probably the oldest and most tried out system in the book. We’ve written about this method many times and it seems to work pretty good. The main cons of buying through Virwox is that the fees are extremely high (can amount to around %15) and sometimes you just don’t get approved. The pros is that it’s tried and tested, meaning low scam possibility. Option 2 – Buy Bitcoins with Paypal through Local Bitcoins Local Bitcoins is a market place of buyers and sellers of …

Payment processor Neteller changes company policy to add Bitcoin option

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  Neteller, the well-known global payment solutions provider, has announced the integration of a new Bitcoin deposit feature. A representative for the company revealed that the new option could be launched as early as this Thursday (26th). The decision represents a fundamental change in Neteller’s policy, the site Coindesk reports. The payments processor and prepaid card provider had previously changed its terms and conditions to prohibit “trade, exchange, purchase or sale of Bitcoins, or any other virtual currency.” A press release issued this Wednesday (25th) by Optimal Payments – the parent company that operates the brand Neteller – explains that the process of adding the Bitcoin payment option to the company’s system was handled through a partnership with BitPay. “Neteller already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions,” said Joel Leonoff, president and CEO of Optimal Payments. “We recognise the important role that cryptocurrencies play in the future of payments and we look forward to working with BitPay as the acceptance rate grows.” To avoid any consequences caused by Bitcoin’s volatility, the merchants using Neteller’s system and the new Bitcoin option will be able to immediately convert the cryptocurrency into fiat currency …

Provably Fair: A Fair Game?

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“Provably fair” is a term you’ll see at most bitcoin/crypto casinos. A game can be called provably fair, if the results of it are generated by both a client (clientseed) and a server part (serverseed), allowing you to verify the outcome, checking the house results. At least, that is the theory. But there are ways a casino can manipulate your bets depending on the implementation. There are many variations of provably fair solutions. In this article we will have a look at the past and current implementations, on and off blockchain seed generation, and some of the pitfalls of “provably fair” implementations. When is provably fair compromised? When the client knows the serverseed and vice-versa (knowing the result before the bet) When the client does not know the hashed serverseed before betting (because of the editing of the serverseed during the bet) Abuse of the serverseed variables, for example: betId (frontrunning certain bets of larger volume over lesser bets) Sneaky editing of the clientseed for favourable outcomes (1,l,I and 0,O substitution in combination with an ambiguous font) ‘random’ disconnection bugs (the server can decide not to reply to the results, but silently returns the funds used for that bet. So …

Porn.com and Bitcoin

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  December, 2013, the top adult site Porn.com (Alexa global rank — 835) started accepting Bitcoin for the membership. Although there are about 4.2 million websites with adult content, and accepting Bitcoin is quite common among them, the news about Porn.com quickly went the round of the Internet village. Was it good or bad? Let’s reflect upon it. Porn Industry: How Big is the Fish? According to stats, $3,0175.64 is spent on pornography every second. And every second, 28,258 people in average are viewing pornography. The fish called ‘porn industry’ is really big, growing and global. After all, it requires only Internet connection. Like Bitcoin does, doesn’t it? And it seems that the anonymity feature of Bitcoin is incredibly suitable to the industry where you won’t freely share your identity details. David Kay, the marketing director at Porn.com’s parent company Sagan Ltd: “Privacy and confidentiality are paramount when joining an adult service for the majority. In general you can surf porn.com for free, anonymously but if you want to upgrade to the premium services you have to enter a method of payment which historically has been credit card. In order for the transaction to process you have to include your …

The Era of Bitcoin Merchants or Why Go Crypto?

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If you look at Coinmap, there are bitcoin accepted spots almost all over the world with the largest concentration in the USA, Europe, and South-East Asia. Small shops and big stores, cafes and restaurants and overall service industry joined the usage of bitcoin. In addition, more and more online giant companies, like Microsoft, Wikipedia, WordPress, are becoming bitcoin-friendly. Bitcoin merchant list is growing every month so that the variety of services you can pay in bitcoin is increasing enormously in comparison to the last year despite the drop of bitcoin price since January, 2014. Dell Among Bitcoin-Friendly Giant Merchants Dell, one of the largest computer technology company, started to accept bitcoin in 2014 and recently widened its scale of bitcoin use to the UK and Canada. So it is claimed as one of the biggest bitcoin accepted business with the annual revenue of more than 56 billion dollars. Before Dell, the richest bitcoin merchant was Dish Network, American satellite service provider, with the annual revenue of nearly 14 billion dollars. In fact, by increasing the number of bitcoin-friendly countries Dell showed its growing trust in “the world’s most widely used digital currency”. Merchants Open New Audiences With Bitcoin Surely, the …