Do people pay for porn these days? Weird.

I would feel bad enough paying in BTC for a computer game that gave me hundreds of hours of entertainment.

Letting go of BTC that one day will be worth vastly more to pay some cam girl to shove a breadmaker up her arse would haunt me for the rest of my life. The two seconds of dribbling orgasm it financed wouldn't really make up for it.

The article says Quardriga didn't keep any books. They're handing over the full database they have but that info might be garbled and meaningless. I don't see how they can bill you without a full rundown of everyone's moves.

Hopefully they won't have enough evidence to make anyone's life difficult and this should be a lesson to the rest of us.

That's a sensible comment on Mr. Facts's part.

Unless it's a super focused sale like mining gear or physical bitcoins you're reducing your market by a factor of several thousand or more. You may also end up accepting much less just to make the sale after weeping with joy when someone finally expresses some interest.

I would totally sell stuff for BTC in the way I previously had access to - fixed prices and guaranteed sales from an established company. Beyond that I might attempt it for fun but would have no expectations of success.

I'm willing to sacrifice mine if it feeds someone.

As a bonus there's loads of food already lurking in it already. The recipient can expect some week old smoked salmon, oodles of raw liver and a pan fried tumour from a retired police horse as an extra special treat.

I would be utterly flabbergasted if binance had a formal relationship with visa.

They don't do kyc until a certain amount, skip jurisdictions ona whim and keep their server location secret.

I'm amazed whoever is giving them visa service would risk their relationship.

But... it's a fact. We all know it. Actual usage for actual things has always been a tiny percentage. Most of it is coinage moving around in search of more dollars. Merchant takeup probably peaked in 2014 and has been slowly fading ever since.

Maybe because they're outside the EU?

Crypto debit cards qualify as prepaid cards. The EU placed a total limit of 200 Euros on a prepaid card with no ID. Maybe there's a similar limit but higher one if you're verified. And in a few countries you can't withdraw more than 1000 Euros in cash from any bank account.

If I were running a full node I'd be minded to bill Coinbase for the extra gigabytes they've made me buy and index.



I can't think of any other service that would have this much impact so it wouldn't really matter. And the doubly odd thing is that Binance make good money batching and charging the same fees as before. Coinbase could've made a shit ton if they'd put this in place earlier doing something similar.

The Bitpay card, the American one, is probably the oldest continuous card of them all but it does indeed look like they're not issuing them normally, but I'm not sure whether that's because I'm looking from Europe where we can't get them anyway.

This article was updated 1 day ago so US cards are still active - https://support.bitpay.com/hc/en-us/articles/115005033763-Where-is-the-BitPay-Card-available-

I remember they've had some weird service restrictions for a bit, you couldn't do cashback or ATM withdrawals for a while, maybe they're working on a new provider but keeping the old card going.

Their EU card was issued by Wavecrest like the Xapo one and all the others. They all died at the same moment a couple of years ago.

It's $440 plus 18 per cent of your BTC/BCH. Some day that will indeed be $4000. It won't be for a lengthy while yet. The Fortress offer would be more meaningful if we knew for certain when people would be paid out. If it was looking like another year or two I'd take their dollars and buy BTC with it, if I still had the appetite for it by this point.

Advcash has been mentioned above. They're Russian. I don't know anything about them.

I've had many crypto cards in the past. All of them had very low ATM limits. Bitpay withdrew ATM withdrawals completely for several months in the US. It's an option they're probably paranoid about.

Then Wirex or Coinbase will be your main options. Wirex limits ATMs to 250 per day.

https://wirexapp.com/fees-and-limits

Coinbase limits you to 500 Euros per day with a ATM, but only 200 per month is free from ATMs above the normal fee. It's 2% after that so a cash withdrawal would be 4.5%.

https://help.coinbase.com/en/coinbase/trading-and-funding/other/coinbase-card-faq.html

You need to state what country you're in to get the most useful answers.

In the US you have the Bitpay card and little else for now, but it's likely Coinbase may launch again now as they're an official Visa partner. There's also the card from crypto.com but I'm not sure how available they are.

In Europe the main options will be Coinbase and Wirex. They'll all have pretty high fees for ATM stuff and low limits. Coinbase costs 2.5% per transaction, Wirex costs 1% to load and they also add a spread which is usually 0.5-.07% on top.

Outside Europe and US I'm not sure what's left at the moment.

No idea where the $4000 figure has come from.

I'm not sure how up to date this is but this has been referred to in the past - https://www.ozcoin.com.au

"The formula is: $440 per coin plus $0 damages (damages only apply to fiat, not BTC) plus 18% of your bitcoins plus the same number of bitcoin cash (dollar numbers in USD)."

Perhaps I should've rephrased that - what's it going to cost to use? Nothing is free. The Coinbase card is about 2.5%. Wirex is around 1.7% when you factor the spread they sneak in on you. You're not going to get a market rate for something like this. It costs money to run.



No way in hell would Visa do a deal with Binance directly. Coinbase is the first official partner and that took years and they're vastly more established and legit. It'll be a third party who already have a relationship with Visa of which there are thousands. The question is which one because they'd be very stupid to risk that relationship dealing with a company with no KYC at lower amounts and a fondness for skipping jurisdictions when times get hard and lying about it at other times.

Fortress buy your claim from you now for a reduced rate and they claim it themselves when the process is complete. As you point out there's still a lot of potential friction ahead which makes their offer one that I myself would probably take up.

One of the core organisers of Gox victim groups took a similar deal which paid a fair bit less and then walked away from the whole thing.

Anyone know what the fees will be?

I'd like to know who their card partner is. Binance have so many things in the air I'm not sure I trust them to do their due diligence. I can imagine it might go the same way as Wavecrest cards and shut down without any notice unless they've done it right.

No card issuer will want anything to do with them if they're not KYC all the way. Let's hope they don't have some fly by night pricks doing the cards. They might have just grabbed the nearest operation they could find.

I'm a Kraken girl myself. I've never had any trouble with it after several years, though it certainly sounds like others have and the 2FA hacks are weird and worrying, but it's constantly adding interesting new features and may end up a complete one stop shop for me including OTC. That's if they don't rape me along the way.

I'm interested to see what Square come up with. Jack Dorsey is funding a lightning network development kit. That could make a big difference in new apps and UI.

https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06

As for vanilla Bitcoin I'm not sure I'm objective enough to know what needs doing. It all looks relatively simple to me. There are certain things that will never, ever change such as the lack of reversibility and responsibility for your own keys. If you can't hack it then third parties may do some of the heavy lifting for you. I expect this to increase over time.

What country are you in? You might have something local.

In the UK there's a chain of second hand stores that dealt in phones and games that used to pay out in BTC. I got rid of a lot of crap in 2015 and that junk earned me a lot of money.

Craigslist has a pay in crypto option I believe but I presume buyers will prefer to deal with you in person. As above there's Open Bazaar but hardly anyone uses it.

What stuff are you looking to sell?