Bitcoin Is Now a Payment Option for NoLuckNeeded Contests!
TDTAT
Posts: 109270
Joined: Mar 11, 2006 7:06 pm
Posted: Jul 23, 2017 9:41 pm
If you use Bitcoin and win a NoLuckNeeded.com contest, we are happy to pay via Bitcoin. Our other payment options are still available. Good luck!
shirlsplay
Posts: 17011
Joined: Apr 28, 2010 4:57 pm
Posted: Jul 23, 2017 11:22 pm
oh wow , That is awesome , I think next time i win a contest am going to do bitcoin. How do i set that up ? Thanks 
Cat50
Posts: 17579
Joined: Apr 18, 2017 10:34 am
Posted: Jul 24, 2017 9:58 am
Great news ty TDTAT
TDTAT
Posts: 109270
Joined: Mar 11, 2006 7:06 pm
Posted: Jul 24, 2017 12:41 pm
oh wow , That is awesome , I think next time i win a contest am going to do bitcoin. How do i set that up ? Thanks
I'm not a Bitcoin expert at this point, but you will need a wallet. I am using CoinBase. It's free to set up an account. I think you just need to set up an account and then set up your bitcoin wallet. I am setting up my wallet today so I will update this post with more information soon.
shirlsplay
Posts: 17011
Joined: Apr 28, 2010 4:57 pm
Posted: Jul 24, 2017 9:48 pm
OK , am going to follow how you do it . am going to coin base now to sign up . Thanks
shirlsplay
Posts: 17011
Joined: Apr 28, 2010 4:57 pm
Posted: Jul 24, 2017 10:07 pm
I just signed up and seen this .........BTC Buys/Sells/Withdrawals will be Temporarily Disabled on July 31
Due to a potential fork of the bitcoin blockchain, all BTC buys/sells and withdrawals will be temporarily disabled beginning on July 31.
now if you read the article which is kinda confusing to me , maybe we should go with a different company. am not sure.
Due to a potential fork of the bitcoin blockchain, all BTC buys/sells and withdrawals will be temporarily disabled beginning on July 31.
now if you read the article which is kinda confusing to me , maybe we should go with a different company. am not sure.
TDTAT
Posts: 109270
Joined: Mar 11, 2006 7:06 pm
Posted: Jul 24, 2017 11:13 pm
shirlsplay, Yes, I knew about that. If Bitcoin forks it will be across all sites. As far as I understand it is kind of like stock splitting. The wallets and bitcoin vaults are all safe, it is the buying and selling of bitcoin, the exchange, that will be shut down temporarily. You could wait to set up an account until after the fork if you'd like or find a different wallet. I don't know of another good one offhand, but I am sure there are some other good sites. I will so some research and let you know. If you find a good site, please let me know!
Here the email:
Dear Coinbase Customer,
We are contacting you to make you aware of recent developments in a number of proposals for technical changes to Bitcoin. All BTC stored on Coinbase will remain safe during these events described below.
The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.
To ensure the safety of customers’ funds, we will temporarily suspend BTC deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.
If you do not wish to have access to UAHF coins, and do not wish to access your BTC during the fork, you are not required to take any action.
If you do wish to have access to UAHF coins or access your BTC during the fork, you should send your BTC from Coinbase to your external address by July 31.
Here the email:
Dear Coinbase Customer,
We are contacting you to make you aware of recent developments in a number of proposals for technical changes to Bitcoin. All BTC stored on Coinbase will remain safe during these events described below.
The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.
To ensure the safety of customers’ funds, we will temporarily suspend BTC deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.
If you do not wish to have access to UAHF coins, and do not wish to access your BTC during the fork, you are not required to take any action.
If you do wish to have access to UAHF coins or access your BTC during the fork, you should send your BTC from Coinbase to your external address by July 31.
TDTAT
Posts: 109270
Joined: Mar 11, 2006 7:06 pm
Posted: Jul 25, 2017 12:13 am
We are not Bitcoin experts. People who have a lot of money stored in Bitcoin should consider their options. Bitcoin has been rising dramatically in value over the last few months, but no one knows what will happen on August 1st. This is what cho says about the potential fork.
From cho: "As of Aug 1st it could cause the currency to crash nobody knows. It sounds like some body wants to make a major change to the algorithm of blockchain to increase its availability which would decrease its value. As a result coinbase and I'm assuming most other wallets are protesting that change to protect the value of bitcoin causing the currency to split into two. I think the split currency will be worthless while the original will likely retain value."
From cho: "As of Aug 1st it could cause the currency to crash nobody knows. It sounds like some body wants to make a major change to the algorithm of blockchain to increase its availability which would decrease its value. As a result coinbase and I'm assuming most other wallets are protesting that change to protect the value of bitcoin causing the currency to split into two. I think the split currency will be worthless while the original will likely retain value."
shirlsplay
Posts: 17011
Joined: Apr 28, 2010 4:57 pm
Posted: Jul 25, 2017 12:34 am
Thanks TDTAT
lunadelmar
Posts: 13016
Joined: Jan 27, 2007 4:31 am
Posted: Jul 25, 2017 4:05 am
Thank you for keeping us informed , I would like to try Bitcoin but I think I will wait til August
debidug
Posts: 2122
Joined: Aug 07, 2009 1:21 pm
Posted: Nov 18, 2017 3:54 pm
If you use Bitcoin and win a NoLuckNeeded.com contest, we are happy to pay via Bitcoin. Our other payment options are still available. Good luck!
Oh my God Tawina, this is really good news, I just saw your post here about it!
"NLN' never ceases to amaze me!!!!!!!!!!
RGALP
Posts: 5577
Joined: May 03, 2006 8:41 am
Posted: Nov 18, 2017 5:15 pm
Great news I just signed up last night.....