Bitcoin Forum

Hello, I wanna introduce to you SatoshiSMS (https://satoshisms.com (https://satoshisms.com)).
What is this?, We're going to sell BTC using SMS Premium as the only payment method. We're on a validation proccess with a great SMS gateway provider.
If you wanna know how much you get for a SMS just send me your country and your mobile service provider.

Real example:
Country: Spain, 1 SMS, you pay 6€, you get 500.000 satoshis.

I know it's gonna be really useful for those people which have a lot of SMS credit but lost it all because they didn't spend it. Instead of letting your operator take away your money every month you can use our website and get some bits to gamble, invest, save, whatever you want...

If you would like to invest with us or ask any doubt, send me a PM.

Have a nice day :).

Sounds like a good idear... I'll keep an eye on your thread, and would like to see some rates for my surrounding country's (because i know several people in the surrounding countrys)

The Netherlands
Germany
Belgium
France
...

What if I have a free SMS plan ? Like right now I get to use 20 SMS daily free of cost.So I should get free satoshi's or you have your own sms service provider wherein my regular sms plan costs are not applied ?

I don't know how the OP's system will work exactly, but i do know a lot of those free SMS plans will still bill you for premium SMS's... I guess it'll depend on your specific contract.

Too many constraints here,I just thought about it for 2 minutes and here's one more,you can only buy a particular amount of sats at one time .The sms charges are limited to something like 0.25 cents and you get equal amount of sats for the same amount.If you want to buy more you gotta send multiple sms's multiple times.

It sounds new and very interesting. How about Russia? And still would like to know how it will be paid? By the way, there are many free SMS tariffs.

I'm still waiting on the OP's plans for other countrys.

I do hope it's cheaper than the spanish plan: 6€/SMS gets you 0.005BTC -> but at preev rate this equals ~1.9€.
I like the concept, but the prices need to be better in order for this to succeed, 300% markup is a bit to much IMHO

Country: Netherland. 1 SMS, you pay 1.5€ and get 130.000 satoshis.
Country: Germany.
4 prices for 1 SMS:
1.99 € = 180.000 Satoshis
2.99€ = 340.000 Satoshis
3.99€ = 450.000 Satoshis
4.99€ =  600.000 Satoshis
Country: Belgium
2 prices for 1 SMS:
1 € = 50.000 Satoshis
2 € = 110.000 Satoshis
Country: France
1.5€ = 140.000 Satoshis
2.0€ = 200.000 Satoshis
3.0€ = 260.000 Satoshis
4.5€ = 410.000 Satoshis
Country: Netherland. 1 SMS, you pay 1.5€ and get 130.000 satoshis.
Country: Netherland. 1 SMS, you pay 1.5€ and get 130.000 satoshis.

Theres a lot of operators on Russia, can you tell me one? most of them will give us between 20% and 25% and you got -2% on Satoshis.

That is really expensive 130 000 satoshi is only €0.49 worth and you ask 3x the original price.

and your SMS Biller accept that you are selling Bitcoin?

The whole idea of using sms for bitcoin has been done,I recall a site that was connected to SealswithClubs that you could buy bitcoin through
sms and the price was almost double what you got. This is how the money is made because people are desperate if they are looking at SMS in most instances for bitcoin.
Its also something that gets scrutinized and shut down a lot of the time,depending on the Country.

Its good to see new services to buy bitcoins, but in my opinion its very expensive. I know that sms operators have high commissions. But you could try to offer better prices on firsts days (for users who want to test it). Or discounts packs (sending a bonus of bitcoins) with 5 or 10 Sms premium.

How will you be protected by chargebacks or fraud?

How much can I buy from Latvia? Tele2 provider