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Title: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: talkinrock on January 03, 2011, 03:04:21 AM @Moderators, can you please delete this thread?
I'm no longer using Bitcoin, and am trying to remove my presence on the Bitcointalk forum... Thanks! -talkinrock Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: Anonymous on January 03, 2011, 03:11:46 AM It's nOt the person using bitcoin who needs the good reputation imo.
Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: FreeMoney on January 03, 2011, 03:28:18 AM It's nOt the person using bitcoin who needs the good reputation imo. I've said this before and almost said it again, but I didn't because I realized we will want him to send first which means he has to trust us to send at all. Once we send he knows we were trustworthy and that's it, but we won't know for sure about him for a while (months?). So you kind of need trust both ways in this trade. Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 03, 2011, 04:15:43 AM Indeed, trust both ways is necessary.
All that said - consider using #bitcoin-otc for your transaction. We have a web of trust and all. :) http://bitcoin-otc.com Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: Nefario on January 03, 2011, 04:21:40 AM Isn't it a little dangerous to accept payment from PayPal? If the payee changes their mind PayPal can revoke the payment?
I'm not exactly sure but I know enough about paypal to be careful about them, why doesn't talkinrock just buy from mtgox? Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: Anonymous on January 03, 2011, 12:01:11 PM Paypal is all some people can use for buying online. Letting people buy small amounts of bitcoins to build their reputation is a small risk to take.
Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: Nefario on January 03, 2011, 12:16:29 PM Hey guys, I would just like to let you know I'm a teenager and I don't have a credit card or any sort of steady income, so my Paypal account is my main source of cash for me. Mt. Gox doesn't accept PayPal or Debit, or even Credit for that matter. And I don't know much about the financial world, Nefario, because, as I mentioned, I'm a teen, but as far as I know, PayPal is one of the safest ways to pay online. If I'm wrong about that, somebody please correct me. And I looked at BitCoin OTC, and it looked fairly complicated, but when I have more time, I'll take a look at it. I guess I was hoping Bitcoin would be a nice to way for me to manage money, but it looks fairly complicated, even for someone like me who deals with programming web design related things, mobile phone apps, and software on a daily basis. If anyone could please help me with using Bitcoin, or would like to buy from me, that would be appreciated. I know I have no way to prove that I am who I say I am, or that I'm trustworthy, but I don't know how to improve my rep without buying from someone first. And since Bitcoin Market isn't accepting registrations, and there are no markets that use PayPal or credit cards open (at the moment), I don't know how to improve my rep right now. I didn't know mtgox does not accept paypal (I've never done business with him). There are two practical ways to get bitcoins, one is to buy them(this is what you wanted to do), the other is to trade; either a good or a service. Maybe you have some skill, something you are good at that you can do for bitcoin payment? Or you could sell something. I was not saying you're not trustworthy, I was simply saying that there is a risk accepting payment from paypal. Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: mndrix on January 03, 2011, 03:21:07 PM Hi there fellow Bitcoin users! I just started using Bitcoin today, and I would like to purchase Bitcoins through Paypal from somebody who has a good reputation. For those finding this thread later, there's CoinPal (http://coinpal.ndrix.com) which sells Bitcoins for PayPal. The process is automated, so buyers usually get their coins within about 2 minutes of payment. Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: nanaimogold on January 03, 2011, 06:16:57 PM Frankly, for a Paypal or other reversible transaction to be safe, the receiver must trust the spender. Not just to be a straight shooter, but also to understand the risk of chained freezes that occur when stolen funds are passed to a third party.
The OP concerned primarily with the receiver being trustworthy clearly indicates that he does not understand this and could be unwittingly passing stolen funds. $11 is only a small amount, but any amount of stolen PP is enough to get accounts frozen and create huge hassles for those involved. Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 03, 2011, 08:59:20 PM Going back to what I said before about me not realky knowing much about Bitcoin, if anyone could give me a link to a tutorial or detailed description of how it works, that would be greatly appreciated. The bitcoin.org FAQ, wiki, and Wikipedia description didn't really answer my questions, so any help besides those two sources would be appreciated. If anyone wouldn't mind taking a moment of their time and explaining a brief overview in a paragraph or so of how this thing works, you would be my lifesaver for today. Seriously, I would REALLY appreciate any help, tutorials, or "paragraph descriptions" a great deal. I don't know if I'm wrong about this, but do your Bitcoins grow over time like interest? That's probably the one main question I don't understand, and if anyone could answer that, I would be very grateful... https://en.bitcoin.it/wiki/Getting_started https://en.bitcoin.it/wiki/How_bitcoin_works start with those, and follow the links. :) Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: FreeMoney on January 04, 2011, 09:29:10 AM Did you ever get someone?
Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Anonymous on January 04, 2011, 08:49:13 PM Ive been busy.
:) Its christmas holidays you know :P Title: Re: I will buy Bitcoins via Paypal ($11.36 USD for Current Mt. Gox BTC Rate) Post by: nanaimogold on January 04, 2011, 10:36:02 PM @Nanaimo - As I mentioned, I'm only a teenager, and I guess I am beginning to understand this type of "stuff" about the financial world and monetary accounts and such, but I guess the only real way to learn and build a rep anywhere, including Bitcoin, is to get experience (in this case by selling and buying), as you sort of said, in a sense... ... I said Paypal sucks and is totally inappropriate as a vector for currency exchange. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 04, 2011, 11:02:50 PM I guess I don't understand: I always thought that PayPal is one of the safest ways to do business online. What is so bad about it, in your opinion? chargebacks. it's safe to give it... not so safe to receive it. so for example... you pay someone via paypal, they send you bitcoins. then you claim you never received goods, and chargeback the receiver. now you walk away with both the bitcoins and the usd. another alternative: someone uses stolen paypal account, receives btc... then real owner comes in and goes 'zomg, someone used my account, paypal help me', and paypal does a chargeback. end result, still the same that seller of bitcoins has ended up with nothing. so in other words... paypal is very safe for the buyer of goods... but not safe for the seller. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Mahkul on January 05, 2011, 12:22:26 AM So I guess it's a matter of trust, then. Basically, the only way I can do PayPal transactions with (most) people on here is if I have a good rep, am I correct? It seems so. Unless you have someone who is trusted around here and could vouch for you? Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanaimogold on January 05, 2011, 04:06:19 AM So I guess it's a matter of trust, then. Basically, the only way I can do PayPal transactions with (most) people on here is if I have a good rep, am I correct? No. Fuck sakes. Just start at the top and read this thread again. Not only does the receiver have to trust you not to screw around, he has to trust that you know the PP is good and that you are not just a unwitting link in a chain of theft. That $11 PP you want to spend might be hot before you received it yourself. 45 days from now, everyone who touched that $11 might have their account frozen. You can't know, it's not about your "rep". Paypal is not a suitable vector for currency exchange. It works only for illiquids such as subscriptions. The safety that PP brags about is all buyer protection and the friendly Nigerians know exactly how to screw you over with that policy. You know my face is blue, but understand; all this shit has been hashed over for so long already. It's always the same old crap. e-gold debuted in '97 - this issue is not new. Paypal does not work for this task. The end. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: FreddyFender on January 05, 2011, 04:12:07 AM Thanks Nanaimogold,
We all know deep down that theft is too easy in forums and blogs. We will all benefit when postings are show to be scams or lose/lose endeavors. Fight da fight! Eh? Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 05, 2011, 04:17:38 AM Not only does the receiver have to trust you not to screw around, he has to trust that you know the PP is good and that you are not just a unwitting link in a chain of theft. That $11 PP you want to spend might be hot before you received it yourself. 45 days from now, everyone who touched that $11 might have their account frozen. You can't know, it's not about your "rep". if the guy is pulling from bank balance, then there's no issue about 'chains of theft'. you only need to trust the sender not to be a dick, and that's all. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanaimogold on January 05, 2011, 04:30:09 AM Not only does the receiver have to trust you not to screw around, he has to trust that you know the PP is good and that you are not just a unwitting link in a chain of theft. That $11 PP you want to spend might be hot before you received it yourself. 45 days from now, everyone who touched that $11 might have their account frozen. You can't know, it's not about your "rep". if the guy is pulling from bank balance, then there's no issue about 'chains of theft'. you only need to trust the sender not to be a dick, and that's all. True enough. But consider that he does not know that, and we can't know where he got his PP. talkinrock is not being personally insulted here. Chances are that his $11 PP is OK and chances are he would not mess around. But as a business policy, PP can't be acceptable for trade into cash. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 05, 2011, 04:42:16 AM True enough. But consider that he does not know that, and we can't know where he got his PP. talkinrock is not being personally insulted here. Chances are that his $11 PP is OK and chances are he would not mess around. But as a business policy, PP can't be acceptable for trade into cash. indeed, running a business of trading 'cash-like goods' for paypal is dangerous. but occasional one-off p2p small trades... are probably ok if you can establish trust. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Anonymous on January 05, 2011, 08:49:34 AM True enough. But consider that he does not know that, and we can't know where he got his PP. talkinrock is not being personally insulted here. Chances are that his $11 PP is OK and chances are he would not mess around. But as a business policy, PP can't be acceptable for trade into cash. indeed, running a business of trading 'cash-like goods' for paypal is dangerous. but occasional one-off p2p small trades... are probably ok if you can establish trust. I agree with that. I would never set up a currency exchange using paypal either. :) Am I right that mass pay uses money from bank accounts ? Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: mndrix on January 05, 2011, 04:27:37 PM Am I right that mass pay uses money from bank accounts ? I think Mass Pay's only requirement is that it must be funded from PayPal balance, not from a credit card. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: mndrix on January 05, 2011, 04:34:15 PM True enough. But consider that he does not know that, and we can't know where he got his PP. This is probably the most important point to remember when dealing with PayPal. As an example of how fraud trickles through the PayPal network via unwitting accomplices, see the story at http://www.aboutpaypal.org/stolen_accounts_fraudulent_funds_on_paypal Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Nefario on January 06, 2011, 12:37:10 AM no steady flow of income from a full-time job? What do you do then? Well you do what you would normally do, get a job....that pays bitcoin. It's not complicated and actually when using bitcoin it's easier to understand than in the normal economy. In normal life you try to "get a job" and you "get paid" for "working", this is how most people see it. But actually you get paid for doing something for someone that they think is valuable enough to pay you for. You COULD just try to buy your way into the bitcoin community with outside cash, but why bother, why not just work for someone who will pay you bitcoin? What can you do? What are you good at? Tell us? Everyone can do something, you must have some kind of skill that is worth payin for. Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: kiba on January 06, 2011, 12:46:02 AM My dad, as much as I beg him, almost never lets me take a single penny out of my bank; he most definitely would NEVER let me do a transaction, especially a wire with it with some unknown person online! My dad (the techie of my parents) also will not let me link my bank account to my PayPal, so I rely solely on him putting money in my PayPal for me, as well as deposits from transactions for various "self-employed" jobs I do. With bitcoin, teenagers can achieve independence from their own parents, and parents do not have to worry about credit card debt! Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Anonymous on January 06, 2011, 01:56:33 AM One option would be to wait for 180 days before releasing the coins lol.
Thats not realistic though . Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: davout on January 06, 2011, 10:37:24 AM But what if you're a kid like me with no bank account, except one VERY small one that has a no steady flow of income from a full-time job? What do you do then? My dad, as much as I beg him, almost never lets me take a single penny out of my bank; he most definitely would NEVER let me do a transaction, especially a wire with it with some unknown person online! My dad (the techie of my parents) also will not let me link my bank account to my PayPal, so I rely solely on him putting money in my PayPal for me, as well as deposits from transactions for various "self-employed" jobs I do. And as far as I know, I don't think you are able to buy Pecunix or Liberty Reserve currency with PayPal or a debit card, are you? Otherwise, I would be using one or both of those two services. Cash in the mailTitle: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: Vinnie on January 09, 2011, 10:33:01 PM I know it's already been said, but #bitcoin-otc!
Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: nanotube on January 09, 2011, 11:02:37 PM I can't seem to figure out how IRC clients work. I tried mIRC and some other one (I forget the name), but I just couldn't get it to work! If anybody could give a link to a foolproof, step-by-step tutorial on setting up freenode or any IRC client tutorial (NOT the crappy and basic eHow and Wikihow tutorials), I would appreciate it very much. your browser is the easiest. just clicky this link: http://webchat.freenode.net/?channels=#bitcoin-otc Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: talkinrock on April 10, 2014, 06:23:17 AM @Moderators, can you please delete this thread?
I'm no longer using Bitcoin, and am trying to remove my presence on the Bitcointalk forum... Thanks! -talkinrock Title: Re: I will buy Bitcoins via Paypal ($10.00 USD for Current Mt. Gox BTC Rate) Post by: jakedeez on April 10, 2014, 05:59:00 PM @Moderators, can you please delete this thread? I'm no longer using Bitcoin, and am trying to remove my presence on the Bitcointalk forum... Thanks! -talkinrock Sketchy! ;) |