Singaporean spent $16000++ at TI4 Seattle Secret Shop to resell in Singapore

It looks like a Singaporean went to Seattle for TI4′s secret shop and threw a cool $13,000 USD (around $16k++ SGD) spread out over 8 buyers for the great swag there.

demiheroes

http://www.reddit.com/r/Dota2Trade/comments/2az4lq/psa_ti4_info_from_secret_shop/

[PSA] TI4 INFO FROM SECRET SHOP

*RTB bought at least $13000 worth of stuff, rofl

[–]lankytwatshttp://steamcommunity.com/profiles/76561198125579578[S] 16 points

he spent $6700 himself in one trip, and then i talk to two guy with 8 bags of stuff that were working for him. Apparently he bought everything possible in one trip.

I know it’s not really my business, but I think it’s ridiculous that somebody is allowed to buy that much stuff.

[–]swangfulhttp://steamcommunity.com/profiles/76561197963323303 3 points

hes a trader that is well known for dropping 10k last year and making a profit of 40k

also known for other misc trading IE sven commander set, flowering treants etc.

The user with the great dota loot:

http://www.reddit.com/user/rtb123

Looks like he is selling his leftover TI4 Secret Shop Stuff, at a steep premium.

He’s more than happy to redirect the flow however:

[Q] Singapore – The international 4 Secret shop by rtb123in Dota2Trade

[–]rtb123[S] 1 point

Like what I already mention above, I am not forcing people to buy from me. You guys can get from Kevin or even Yammy if you guys want to get it cheap.

I am only selling to people who wants it, it’s up to them to decide if they want to get it or not.

As a matter of fact, hi guys if you guys want to get it cheap just go to buttsoupz, he will only be charging a $10 fee for it. Here’s the link

.

http://www.reddit.com/r/DotA2/comments/29sssi/buying_stuff_from_ti_for_singaporeans/

Surprise! Dell now takes Bitcoins

dell bitcoin

In a surprise move, Dell is the next major retailer to take bitcoins.

(it won’t be useable for dell financial services)

They have partnered with Coinbase for this move:

Bitcoin payments welcome

How to pay with bitcoin

Step 1 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.
Step 2 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.
Step 3 Once your payment has been processed, you’ll be returned to Dell.com for order confirmation. It’s as simple as that!

 

And their Faq

Bitcoin FAQs

What is Bitcoin?

Bitcoin is a distributed peer-to-peer network offering a payment system based on “bitcoin”, a completely digital form of currency. Bitcoin can be transferred instantly and securely between any two people in the world.

Why is Dell accepting bitcoin?

Bitcoin is a new payment option intended to offer even more flexibility for customers. Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs.

What are the benefits of bitcoin for consumers?

You have complete control over your bitcoin, so your bitcoin account isn’t tied to any financial institutions, can’t be frozen and carries lower transaction fees than most major credit cards.

How do I obtain bitcoins?

To get bitcoin, first you’ll first create a bitcoin wallet. This is the account from which you can send and receive bitcoin. Once you have a wallet, you can purchase bitcoin from an exchange that converts traditional currency to bitcoin. Bitcoin can also be mined, though this requires high levels of processing power.

What is a bitcoin wallet?

A bitcoin wallet is a secure way to store your bitcoin balance. You can send and receive bitcoin from your wallet at any time, from anywhere in the world, so long as you have an internet connection. You can sign up for a wallet from Coinbase.com.

Is bitcoin secure?

There are thousands of computers (“miners“) constantly running software to ensure the safety of the bitcoin network, which has never once been compromised.

What is Coinbase?

Coinbase is the world’s largest platform for buying and selling bitcoins for US dollars at the current market rate. As both an exchange and a bitcoin wallet, Coinbase offers a place to securely store, send and receive bitcoin with minimal to no fees, and can process bitcoin payments to Dell even without a Coinbase account.

Where can I find more information on Bitcoin?

Please visit Bitcoin.org or their Wiki FAQ for more information.

Can I use bitcoin to make my payments to Dell Financial Services?

No. Financing through Dell Financial Services is only based on U.S. dollars in the United States.

How do I get support for my bitcoin purchase?

For information concerning changes, cancellation and refund policies, please review the Bitcoin Terms and Conditions . For general order support, please visit Dell Support.

Golden Doomling looks to take the Cake for TI4 Secret Shop

golden doomling


Such spectacular

It looks like the new round of golden roshans, with the Gold Doomling being a drop from the digital item Genuine Gold Trove Cask, that is itself a rare physical drop from a golden figurine roll of the demifigurine series (physical).

http://steamcommunity.com/market/listings/570/Genuine%20Gold%20Trove%20Cask

gold trove price chart

it peaked at quite the high of $374, or about 12 demi figurines.

The drop rate of the gold trove cask might be 1 in 6 or 1 in 11?

Price Update:

Looks like Golden Doomling had an initial sale of around $1200 to $1500 (6 Dragonclawhooks), as well as a cash sale of $1300

http://en.reddit.com/r/DotA2/comments/2azrd7/golden_doomling_ingame_preview/

Apparently the gify came from someone who struck gold.

And then Hotbid

Reddit hunts for it on the Steam Marketplace

http://steamcommunity.com/market/search?category_570_Hero[]=any&category_570_Slot[]=any&category_570_Type[]=any&category_570_Rarity[]=tag_Rarity_Immortal&appid=570&q=golden#p1_default_desc

 

It remains to be seen what insane price this gold doomling can fetch!

Will it reach the 12k of the Golden Baby Roshan?

 

Gamepedia has the other (more common) possibilities in the golden trove

http://dota2.gamepedia.com/74_-_Gold_Trove_Cask

Regular

Very Rare Bonus

Redditor argues case for Bitcoin 10% cheaper over Credit Card in Fraud Prevention

What do you think?

Bitcoin is MUCH cheaper for retailers than processing any other form of payment (self.Bitcoin)

submitted by Anen-o-me

For the longest time we’ve been saying that using bitcoin is at least 1 – 3% cheaper in efficiency than any other form of payment for online or distanced transactions, due not needing to pay credit card companies.

But as we’ve seen more online retailers adopt bitcoin, the market has begun to provide a significant number of data points on just how much cheaper bitcoin actually is for retailers.

And the answer is, at least 10% cheaper. Why is this?

When it was small stores and indie producers offer 10% discounts, I considered it more of a fluke, but now we have NEWEGG offering 10% off for bitcoin use, and some indies have gone as high as 15% or, rarely, 20%.

The simple fact is that the savings are due to bitcoin’s favorable reversal of fraud liability. And I’ll tell you why this is a very good thing for everyone.

Before, using online payments with credit or debit, the buyer can reverse the charges essentially at any time, claim fraud, etc. Even after the delivery has taken place.

So while retailers have been paying 1% – 5% to payment processors just for the ability to take credit cards generally, the fact is that this isn’t the end of the costs associated with credit cards.

Retailers also carry transaction insurance to cover fraud. They often rent the card-processing terminal on a monthly or yearly basis. And when fraud does get alleged, they face chargebacks which they just have to eat, they have virtually no power to contest these, and it’s impossible to find the actual buyer who can just disappear into the woodwork.

But note what happens when the tables are turned by the way that bitcoin payments work.

The buyer sends an irreversible transaction, for free or extremely low cost, a mere tip, to the seller whom is now guaranteed to obtain that money.

Now, can the seller, the company, just disappear into the woodwork? Nope. They have both a public face and a reputation to uphold if they expect to keep selling to people. And if they do defraud you, you can easily track down responsible parties and file suit.

A bitcoin-centric world creates a situation where buyers who don’t want to risk being defrauded need only stick with reputable sellers.

This is a vast improvement over today’s world where chargebacks are taken as a continuing and unpreventable problem by retailers.

Retailers are discovering then that taking bitcoin is the best of all worlds, and offering significant incentive to buyers to use bitcoin preferentially!

What happens when businesses realize that accounting in bitcoin is far cheaper than other methods?

We’ve still only scratched the surface, guys.

Ben Lawsky gives peek at BitLicense regulations

Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations. (self.Bitcoin)

submitted by BenLawsky

Hi Reddit – This is Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS). As some of you may remember, I stopped by Reddit for an AMA in February while DFS was in the process of developing a regulatory framework for virtual currencies.

Today, DFS is announcing that we’re publishing that proposed framework for public comment. A copy is available here on the DFS website.

The regulations will be formally published in the July 23, 2014 edition of the New York State Register – which starts a 45-day public comment period. After that public comment period, the rules are subject to additional review and revision based on that public feedback before DFS finalizes them. For information on how to submit a formal comment for DFS consideration under the NY State Administrative Procedures Act (SAPA) after the proposed regulations are published, please visit the New York State Register’s website.

In developing this regulatory framework, we have sought to strike an appropriate balance that helps protect consumers and root out illegal activity – without stifling beneficial innovation. These regulations include provisions to help safeguard customer assets, protect against cyber hacking, and prevent the abuse of virtual currencies for illegal activity, such as money laundering.

We recognize that not everyone in the virtual currency community will be pleased about the prospect of a new regulatory framework. Ultimately, though, we believe that setting up common sense rules of the road is vital to the long-term future of the virtual currency industry, as well as the safety and soundness of customer assets. (We think the situation at Mt. Gox, for example, made that very clear.) Moreover, given that states have specific regulatory responsibilities in this area, we also have a legal obligation to move forward on this framework.

By the same token, we also recognize that – like any part of the financial industry – no regulatory framework can ever completely eliminate the risks customers face when dealing with financial firms. As such, we’ve included a strong set of consumer disclosures to help make sure customers have the information they need to make the choices that are best for them.

While this is not a formal AMA, I’ll try to stop by this thread (and chime in from time to time) during the course of the public comment period. (However, to be clear, if you wish to submit a formal comment under our state regulatory process, you will have to visit the New York State Register.)

As the first state to put forward specially tailored rules for virtual currency firms – continued public feedback will be an important part of finalizing this regulatory framework. We look forward to carefully and thoughtfully reviewing public comments on our proposal.

Reddit: Wells Fargo makes first Home Loan Approval from Bitcoin Assessment

According to the redditor,

http://www.reddit.com/r/Bitcoin/comments/2aw40l/wells_fargo_used_my_bitcoin_as_an_asset_to/

Wells Fargo used my Bitcoin as an asset to approve my home loan. (self.Bitcoin)

submitted by bitcoin-ian

My Wells Fargo banker just called me to let me know I’ve been approved for my first house. The underwriters used my Coinbase transaction history as proof of assets. He says its the first time they had every used it for an approval.

If true, this is quite the first, and quite a bit of news. It might also take collateralization to new levels.

This isn’t the first time Wells Fargo has taken a step with bitcoin however, and if real, could lead to other developments in the sector.

Another redditor also seemed to have done similar mortagage procedures at two smaller banks:

[–]evolvdone 35 points

I used coinbase as well to get my pre-approval for a mortgage. I had to ask coinbase support to write me a letter though to make it more official looking. It worked at two different small banks.

The coinbase documents for the Wells Fargo entry can be accessed at

http://www.pdf-archive.com/2014/07/17/bitcoindocs/bitcoindocs.pdf

wells fargo bitcoin

Korean LoL Sleeping “Beauties” becomes fellow “models” with G Dragon

lol sleeping

Two Koreans dozed off at a League of Legends match and were captured on camera, becoming famous sleeping beauties, especially with their reactions when they were woken up.

LG has made them more famous by making them into an ad, their other model being G Dragon.

Wonder if something like this may take place in Seattle for Ti4

More at allkpop

http://www.allkpop.com/buzz/2014/07/lg-uplus-trolols-and-broadcasts-two-boys-napping-on-tv-while-watching-lol

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