OK here is another one THCBAy anyone use them?
https://www.thcfarmer.com/community/auctions/
Here is what they say about bitcoin..so many have asked so many questions i hope this can clear some up.
We will soon be accepting bitcoins as a new payment method on thcbay due to the increased costs of international post. Please take your time to read everything below so you can be ready when we start accepting bitcoins soon
Step 1 - What is a Bitcoin?
Bitcoin is a peer-to-peer decentralized electronic currency. Essentially, it’s similar to a bank account in that your money is stored as numbers in a database and the system shifts numbers from one account to another to make a transaction. The system is decentralized, however, so the database is stored on every participating computer
simultaneously.
Bitcoin is the first such distributed currency, and as a result of this architecture it has no middlemen to take fees from every transaction you make and it is not controlled by any organization or government.
Email lets you send messages free anywhere in the world. Skype does the same for telephone conversations. And now there’s Bitcoin, allowing you to send money from anywhere to anywhere with no restrictions or national borders for less than one cent per transaction.
Some Interesting Facts…
- Bitcoin is a digital currency
- Because it is digital, you can literally backup your money, so, when properly cared for, it can’t be:
- Lost
- Stolen
- Frozen or seized
- Allows a direct and immediate transfer of value between two people anywhere in the world.
- No banks, governments, or organizations control or influence it.
- Cannot be counterfeited, inflated, printed, or devalued over time.
- A peer-to-peer network functions as a distributed authority to record transactions.
- Bitcoin operates on free, open-source software on any computer or smart phone.
- There are no start-up, transaction, or usage fees.
- Purchases can be completely anonymous.
- Transactions cannot be reversed.
- Privacy is enhanced with Bitcoin and it reduces identity theft.
- Bitcoins can be exchanged in open markets for any other currency.
Step 2 - Get yourself a bitcoin address
What are Addresses?
Bitcoin payments operate like bank transfers. Each person has their own "account", called a Bitcoin Address. An address looks like this: 1MauqJEVKx7mohEXXaHXnn96RFvLEGnVjV
A person can have as many Addresses as they wish and store them together in an electronic Wallet.
So lets get you your first Address!
Online Bitcoin Client
For USA residents
https://coinbase.com is a online bitcoin wallet that allows you to send and receive bitcoins. Coinbase includes its own built-in exchange, allowing users to convert between bitcoins and US dollars directly through their bank accounts. Unfortunately, the bank account integration is only available inside the United States, and only a limited amount can be bought or sold at a time (initially 10 BTC, but able to be increased to 100 BTC through a verification process). For EURO residents you can use
https://blockchain.info
Desktop Software
MultiBit is a secure, lightweight, international Bitcoin wallet for Windows, MacOS and Linux
MultiBit makes performing Bitcoin transactions quick and simple
MultiBit comes in a variety of languages because Bitcoin is without borders
MultiBit is free and open source
You can download multibit here,
https://www.multibit.org
I have the Address, what do I need it for?
Well, an Address is like a bank account - before you can spend any money, you need to put some money in. You can use your Address to store more funds than you need for just one purchase, so you won't have to do the following steps each time you want to buy something.
Step 3 - Geting some bitcoins
As Bitcoin is a form of currency, it costs money. The easiest ways to get bitcoins are:
USA: https://www.coinbase.com - bank transfer
Euro: https://www.bitstamp.net - bank transfer
or you would use a website like
https://www.bitinstant.com its a new service that allows you to quickly and easily transfer funds into your online exchange account without delay. It provides a means to rapidly topup your account at one of several bitcoin exchanges. Methods of Payment: Cash deposit (7-11, Walmart, CVS, and Moneygram locations) or Dwolla.
Buy bitcoins locally worldwide
There is a number of people wanting to trade bitcoins locally. You can get in contact with them through the website
http://www.LocalBitcoins.com
Step 4 - Make a payment
I assume you have funds on your Address now. Good!
Find out the payment details
Find out what Address you need to pay your money TO and HOW MUCH you need to pay. It might be as easy as sending 1 bitcoin to 1MauqJEVKx7mohEXXaHXnn96RFvLEGnVjV, or a bit more complicated, as sending 123.12345678 bitcoins to 1MauqJEVKx7mohEXXaHXnn96RFvLEGnVjV. As you most likely will be doing this on your computer, just copy and paste everything.
Send the money
Go to the bitcoin client online or desktop. Find the location where you can input your recipient's Bitcoin address and amount and send the payment. It should be fairly straightforward.
Step 5 - the next level
You have gotten your feet wet with Bitcoin, but do you want to find out how deep the rabbit hole goes? This part of the guide is for people that want to advance their knowledge a step further than just a casual use.
There are many more aspects to discover about Bitcoin, too many to cover in this guide. If you have completed each step in this guide, you are already capable of using Bitcoin in most situations. To learn more, read this Wiki, ask questions on the
StackExchange, go onto the
forums, or read a comprehensive
master thesis on Bitcoin by ThePiachu. You now know everything you need to free your money from banks and fiat currencies.