I have and I do thanks. Not 100% but 99.8 percent charge back free.

Cant skip paypal I sell btc on ebay for pp. I dont want to stop because I get good margins although much higher risk to sell though ebay, I do also take a debit and credit through google checkout for my verified customers. They have to upload a copy of their drivers licence and fill out a form saying they wont charge back and then sign it with docusign. It is a little more work for me to take debit card. I also heard they where going to start charging higher prices for cc fees.

I know you aren't Murry rothbard? reincarnated?

Give the excess coins back to the people who donated them. Have them pledge the coins for forum use when needed. I am very interested to see what happens with this issue it will determine how much (if any) that I donate to the forum. 

Thanks.
I would really just like to get paid for verifying and insuring transactions with in the network. Maybe a one time fee for verification and and a ongoing fee for insurance. All sellers in the network refer new potential customers to me for verification. They would pay a subscription fee up front, then a fee every time I verify a new customer then a monthly issuance fee. The way to set up sellers is regionally as we added new sellers it would get more and more decentralized. Maybe getting to the point that the sellers are selling in their own city. Of course they could sell to people they know with out the verification process, obviously we wouldnt insure those transactions (unless the want us to)   

Busting right now how far is it going to crash down to?

It's coming down its raining outside there's no where to hide, it's coming down.

Oh I see that is great it would be even better if it wasnt necessary. I wonder if there would be limits to the protection. For instance if it fell from 31 to 2 would you still be protected? That is pretty clever way to solve the problem. I wondered why some say hedged.

I added google check out as a payment option for my customers. Google will consider all evidence that you provide in the case of disputes unlike PP.

I will check it out Thanks.

Another great business idea it to start an insurance pool to insure btc transactions, I would like to see the indvidual sellers contribute to the fund and then create a claims process. I have no idea how to make that run in a decentralized way, but in my view if the problem with individuals selling to one another is the risk then the way to fix it is to insure the transactions.

I think we are in perfect agreement here.  . I would like to see a network of regionally distributed verified exchanges run by individuals. The exchanges are a weak spot for btc. If gox gets shut down btc goes back to 2 bucks maybe less. I want it decentralized as much as is possible. As far as the previous comment by walter block I would say that those services do little to increase mass adoption of BTC. I see them as financial institutions that weaken BTC. People simply are not going to go and WU,MG,MP,BT, funds in mass. To me all road to BTC mass adoption run through PP. I dont like it but that is the way I see it. People have to be able to get coins without leaving the house or paying a bunch of fees. It has to be easy. If we had a network of sellers then we could monitor fraud, sell for multiple payment methods (PP, cash in person,bank transfers, barter), increase customer reputation reports and seller reputation reports, and hedge against market moves. A great business would be a reputaion/verification service, that would verify your identity and that you are the account holder and a history of trades. That is what is so powerful about the way that I handle scammers. I only allow people to buy from me who have liked me on facebook. So I know that one of two things are true. Either your are the account holder or someone has hacked your whole life. My selling procedure goes as follows. You like our page, you send and email form the email address associated with the account, sometimes I check the phone too then I check everything, The name on the PP matches the Fb the email matches the PP the location matches the address the Ip matches the address or region the phone matches. So either someone has assess your email, FB, Phone,and PP or you are the account holder. The other thing that I do is start with 1 coin then after 24 hours you can buy up to 5 then after another 48 you can buy up to 10 the limit is set at ten till 90 days has past after that 20 then after another 90 days we can raise limits again. So if someone scams me i know who they are and where the live and their family members. I had one person scam me under that situation. He is user name bogbrush on otc. But I know that his real name is scott harding and that he lives in durham,durham in the UK he has been put on my scammer wall (my personal list of confirmed scammers).. BTW if you want to add confirmed scammers let me know. Would prefer if you knew FB page but will post email or IP address. They must be confirmed scammers 

I do understand that. I am powerless to change anything, but ideas are more powerful than armies,governments and markets. Good ideas dont require force,people will adjust their behavior all on their own. The mindset of the market will change it will have to to survive. IMO. It will be interesting to watch. All of it is fascinating, we are living through an amazing time. 

The higest price was 31. something

  No that is very high risk. You are right I dont need BTC with or without it I will be fine. My business is salvaging pleasure boats. I buy them with bad transoms or engines or out drives then strip them down for parts.  

 

I have. My dad owns a software company that writes software to manage data centers and is partnered in another company DCN cables that makes custom length power strip whips with custom outlets and other data center hardware. So I have access to a mini data center that acts as their test bed, but it didnt look financially viable to mine btc when I looked into it. I just started looking into LTC which would be better for me because the data has lots of cpu's not a lot of gpu's. To be honest i consider that to all be tech guy nerd stuff. That is not my style is what i am trying to say, but i can get one of my dads's guys to start mining for me.   

Paypal has that kind of market with the dollar. I agree bitcoin is not the problem the problem is the market, but the market will change or die. LTC will help. I will be watching LTC to see how it behaves. Right now I am planning of dealing LTC and telling my customers to they can exchange for BTC, but i still have to wait for bank transfers. I really need PP sellers of LTC (which I am hoping will be easier to find) to keep me liquid and a constant supply of coins.

As long as the price keeps going up. I sell to the public so I have a decent idea of the number of new users coming on board. Obviously I dont know all of the market forces at play (no one does) but IMO their is not the market demand to justify the price. I have only been involved with btc or 6 months. When I got in it was moving every evenly upward. Once the price spiked my sellers ran out or started to try and F!@# me on the price. under that scenario I bear all of the down side risk. So I told my number 1 seller "why so I need you?" If I can just deal with the exchange. I told him that I can play the same game. (i can buy large quantities on a dip), but that is not really what I am trying to build. I dont care about getting the market moves (i know it can be a lot of money) I want to get paid for giving the people what they want. I want to get payed for serving my customers. I believe that the market rewards the people that do the most good. You shouldn't get paid for for hoarding like a troll you should get payed for sharing it to the world. I sell to people no one else would touch, new users, for PP. It is a lot of work to verify accounts and I still have charge back risk. I bought 6,600 in btc this year and have 0 coins right now I made about a 1000 selling the coins, not very good I know. In my other business I have 20,000 dollar months with 0 risk. I look at what I am doing as building a real market.

There is a difference between saving a speculating. It wont matter in the future. Once BTC loses it's monopoly status. Once the SR takes litecoin? And then all you hoarders are gonna hate life. I dont think this crash will play out like the last one. I dont think it will have a facilitating event like the mt.gox crash I think it will collapse under its own weight. It will be interesting to see how high followed by how low it goes.   

No the rising price is great for me on the way up I get the to get my tiddy"little" profit plus the market move, the problem is when the price moves become irrational. I bought close to 19 and then it corrected down to 17. I turn my coins over every 24-48 hours that math doesn't work out then when you factor in risk of a major correction I takes me out of it all together. I can park my money in to my business and get a 300-400 % return (over time) with zero risk. One of the main reasons that I am not selling coins right now is that I cant get them. Over the last 6 months I have gotten 3 sellers and one miner that sell to me for PP. Once the market exploded upwards, two sellers are out and one has tons of coins that he bought a .50 cents, but will not sell for a decent prices because he doesnt want to sell and miss the next move up. He quoted me at 26.68 when the spot was 24.9. I invest I do not gamble and right now I see a lot of gambling. I have a verified Mt gox and dwolla and a okpay but it takes forever to get them funded. I have to transfer from PP to bank to dwolla to mt.gox or PP to okpay to btc-e. Then I sell for PP and have to do it all over again. It is not possible for me to serve my customers without a steady supply or BTC for pp without holding onto large amount of coins, and I can take that kind of risk, right now. 

I like this guy he has a brain. It is easier for people to be mentally lazy. So just saying BTC will always go up and that you can have a financial plan that no intellegence is required for is popular. When BTC hit 20 or so. I took all of my money out of it and put it into inventory for my business. I get a 300-400% return with nearly zero risk. So you take advantage of wealth cycles. When the price stabilizes I will get back in.