Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


11 posts


#85368 17-Jun-2011 21:31
Send private message

Anyone have any thoughts on if this will get banned at some stage ?

There is lots of talk in the Bitcoin Forum about bad trades on Ebay and paypal have had issues who own Ebay. 

I ask because actually purchasing Bitcoins is not as easy as a ATM transaction unless you are mining, so purchasing these through a easy tradme transaction seem like a good way to go.

Love the de-centralized concept of bitcoins, although from 0.20usd last year to up to 30usd over the last month its pretty volatile and made a few early adopters theoretically quite rich fast.


Create new topic
1598 posts

Uber Geek
Inactive user

  #482409 18-Jun-2011 00:05
Send private message

At first I thought you meant it was a payment option, but no, its just an auction. I can see governments cracking up about taxing it since its theoretically anonymous (to my understanding).

305 posts

Ultimate Geek

  #482422 18-Jun-2011 01:38
Send private message

This might fall under Trade Me's banned/restricted items:

Creator of Tallowmere.



11 posts


  #482462 18-Jun-2011 10:08
Send private message

I have emailed trademe for their official position, based on this i think purchasing bitcoins plus a small transaction fee should be the go.

Unless you want to go through several exchanges which is a pain. 



11 posts


  #482621 18-Jun-2011 17:04
Send private message

And the official trade Me reply.

Thanks for contacting us.

Currently, we don't allow the sale of Bitcoins or similar digital currency, as we feel that the potential risks to buyers outweigh the benefits of allowing them to be sold.

I hope this helps, but if you've got any other questions, please reply and we'll answer your email as soon as possible.

Kind regards,

Trade Me Support.

So i guess that settles that for now.

152 posts

Master Geek

  #483076 20-Jun-2011 11:08
Send private message

Seen this?

World's First Virtual Heist? BitCoin User Loses $500,000
Online theft is a fact of life nowadays, but yesterday a BitCoin user woke to find his haul of virtual currency had been plundered.

A user with the handle allinvain found 25,000 BitCoins had been stolen. If the thief were to cash out, he or she would net just about $500,000 at current BitCoin-U.S. dollar exchange rates.

Assuming the story isn't fabricated, allinvain's story could represent the world's first heist of virtual money. It's almost certainly the biggest.


11 posts


  #483430 20-Jun-2011 21:58
Send private message

Yes this is a real threat especially with a single Bitcoin now worth anywhere in the region of 15-30 USD$ each, they seem to wildly fluctuate which makes life interesting if your selling things for bitcoins.

The suggestions are:

General Solutions
Your wallet.dat file is not encrypted by BitCoin. Anyone who can access it can easily steal all of your coins. Use one of these encryption programs if there is any chance someone might stumble upon your wallet.

  • 7-zip - Supports strongly-encrypted archives.

  • AxCrypt

  • lrzip - Compression software for Linux and OSX that supports very high grade password protected encryption

  • TrueCrypt - Volume-based on-the-fly encryption (for advanced users)

  • WinRar - Commonly used archive software that supports verification records and encryption.

Create new topic

News »

Huawei launches IdeaHub Pro in New Zealand
Posted 27-Oct-2020 16:41

Southland-based IT specialist providing virtual services worldwide
Posted 27-Oct-2020 15:55

NASA discovers water on sunlit surface of Moon
Posted 27-Oct-2020 08:30

Huawei introduces new features to Petal Search, Maps and Docs
Posted 26-Oct-2020 18:05

Nokia selected by NASA to build first ever cellular network on the Moon
Posted 21-Oct-2020 08:34

Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18

Synology unveils DS16211+
Posted 17-Oct-2020 20:12

Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06

Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47

OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52

Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34

Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29

AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13

Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57

Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.