That could have been more clear.
Added to the GLBSE article on the Bitcoin wiki: Fees
The list of fees can be viewed once logged in.
New asset fee: 8.0 BTC
Dividends fee rate: 0%
Sell fee rate, paid by seller: 0.5%
Buy fee rate, paid by seller: 0.5%
Transfer fee rate, paid by seller: 0.2%
Trade fees are MAKER/TAKER, that is if you place an order, and it goes on the orderbook, then you pay 0% fee, if the order gets matched with another order then you pay the trade fee(buy OR sell fee, not both).
- http://en.bitcoin.it/wiki/GLBSE#Fees - https://glbse.com/portfolio/fees <-- Need to be logged in to view. |
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I have been thinking about creating a rather serious bond at GLBSE.
I have been reading their terms, but I didn't find anything about the fees.
What are ALL costs of using GLBSE for investors and bond operators both?
If there are none how do they make their money?
Added to the GLBSE article on the Bitcoin wiki: Fees
The list of fees can be viewed once logged in.
New asset fee: 8.0 BTC
Dividends fee rate: 0%
Sell fee rate, paid by seller: 0.5%
Buy fee rate, paid by seller: 0.5%
Transfer fee rate, paid by seller: 0.2%
Trade fees are MAKER/TAKER, that is if you place an order, and it goes on the orderbook, then you pay 0% fee, if the order gets matched with another order then you pay the trade fee(buy OR sell fee, not both).
- http://en.bitcoin.it/wiki/GLBSE#Fees - https://glbse.com/portfolio/fees <-- Need to be logged in to view. |
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Look for payza, egopay exchange
to LR,Neteller, mtgox coupon,btc-e coupon.
If you are having trouble finding a trade for this, one of the approaches that I've seen work is where there is something that can be bought with those funds and that item then is traded for the hard money option you are looking for. For instance. in the U.S., MoneyPak is hard to trade into bitcoins but it can be used to buy Amazon gift cards. There is a greater demand by bitcoiners for the AMZN gift cards than there is for the MoneyPak. |
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however max loss would be the % difference in the bid ask spread. (i.e. user sells $1,000 worth of BTC and only gets $997 worth of USD). It is a pretty weak attack vector and certainly less profitable than session jacking.
Well, with no OTP on login or a jacked session it is not unfathomable that the account could be used to trade away all the funds from the account over a series of trades versus being unable to withdraw due to that being protected with OTP. That could have been the real reason there was this "algo freakout" a couple months back:  - http://bitcoinmagazine.net/wp-content/uploads/2012/08/bot-runs-amok-on-mtgox.pngThere's list of the two-factor authentication methods the different exchanges offer here: - http://bitcoin.stackexchange.com/a/4114/153If there are additions or corrections, there is a comment facility for those registered or PM me here on the forum. |
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they start losing interest when they realise they need to do stuff like bank transfers or getting very specific hardware to just be "in it". They also don't want to meet strangers to buy something they still don't quite understand, or to pay a premium for using UKash or other stuff they also don't know most of the time. Well, not everyone in Europe is as hard to convince. A dentist in Finland accepts it. That dentist and maybe staff can spend them at Vegemesta sandwich shop which also accepts it. - http://vegemesta.com/Room 77 in Kreuzberg Germany accepts it. In addition to locals who mine, tourists might specifically patronize the place. Carena Bar in Greece: - http://bitcoin.travel/carena-bar-restaurant/B&B Del Corso in Napoli - http://bitcoin.travel/bb-del-corso/Even at 2,700 meters up bitcoin is accepted.  - http://rojacherhuette.mascht.com/So ... it seems tourism-related businesses are the first to accept bitcoins. Presumably, they pay their staff and expenses in fiat so anyone local offering to buy the bitcoins off their hands for them probably now has a local supply. But seriously ,... you think doing a SEPA transfer to BitSTAMP is really too hard? - https://it.bitstamp.net <-- Italian translation. |
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Libertopia is an annual festival of peace, freedom, music, community and ideas that will change the World. San Diego CA Oct 11-14 2012 - http://libertopia.org - https://twitter.com/libertopiafest @LIbertopiaFest - http://libertopiafestival.wordpress.com/Speakers: - Stefan Molyneux (Freedomain Radio), Master of Ceremonies - Johann Gevers (CEO Monetas, building Open Transactions) - Trace Mayer (Run To Gold, and frequent contributor here on BitcoinTalk forum) - Doug Casey (Casey Research) - Jeff Berwick (Dollar Vigilante, and host of Anarchast) - Richard B. Boddie - Ernest Hancock (FreedomsPhoenix.com) - Anglea Keaton (Producer of Antiwar Radio) - J. Neil Schulman and dozens more: - http://libertopia.org/speakers-2/ |
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So what will it be? Save 3% by paying with bitcoin, or would you rather "pay with your face?"
Or both: Jack Dorsey, Twitter, Square founder: "Bitcoin is an amazing movement.." If it becomes huge and accepted in the world, Square will accept it. - http://bitcointalk.org/index.php?topic=109375.0 |
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The only REAL thing Square has on bitcoin is that it's "more normal and less innovative" so people understand it more quickly. This is but a temporary advantage.
Jack Dorsey, Twitter, Square founder: "Bitcoin is an amazing movement.." If it becomes huge and accepted in the world, Square will accept it. - http://bitcointalk.org/index.php?topic=109375.0 |
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If Dorsey is into it then a lot of other people will get into it. The man is practically the only cocaine powered fairy godmother of tech companies.
Exactly. Because you have other tech names like Django core developer Alex Gaynor doing everything he can to crap on bitcoin: - https://twitter.com/alex_gaynor/statuses/82543631940075520On supporting the use of Bitcoin for software-developer tipping platform GitTip: Please don't do this, I know that I, and many others, don't take bitcoin very seriously, and projects that use it are similarly often not taken seriously. - https://github.com/whit537/www.gittip.com/issues/14#issuecomment-6166095So it is good to see @Jack not dismissing Bitcoin out of hand as something they might use some day. (though it would be cannibalistic as Bitcoin is not just a currency but a payment system, but hey -- if Square wants to add the capability where they become a front-end for Bitcoin transactions and save a little on interchange fees, that would be fantastic for Bitcoin!) I described how today a merchant can use Square's register even though Bitcoin is the payment method: How to accept Bitcoin payments: Purchase an iPad Purchase an iPad stand (which has a swivel base) - http://www.tinkeringmonkey.com/square-register-standFrom an iPad download the iOS version of My Wallet from BlockChain.info/wallet: - https://blockchain.info/wallet/iphone-app# (and click "View download instructions) Download Square Register app:  - https://squareup.com/registerRing up sale and accept cash, credit card, or bitcoin. When ready for payment, tap Charge. The following is displayed:  For bitcoin payments, use the [  ?] app to convert the USD price into an amount of Bitcoins. - [source of such an app to be determined yet. Blockchain for Android does this, but Apple kicked Blockchain for iOS out of the App Store. For now, http://Preev.com will suffice.] From the Blockchain/wallet My Wallet website click Receive Payment and enter the amount of BTC to accept. This will show the QR Code. Swivel the iPad stand so customer can scan the QR code with their mobile Swivel back and watch for Payment details to show the payment received (a few seconds in most instances) On Square Register app, enter the USD amount and tap Tender. Print a receipt for customer. Print a second receipt and write down amount of BTC payment for reconciling by back office. Say thank you to customer. And perhaps a thank you to Square for the free, advanced point-of-sale app: - https://help.squareup.com/customer/portal/articles/385188-square-register-how-do-i-process-a-cash-payment- |
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The article says "As of October 9th, " so this restriction isn't in place just yet. What I am curious about is: “For example, we do not provide users the ability to transact in local currency or withdraw to local bank accounts. I wonder how many other countries are like that too. So if they were willing to accept PayPal for payment, their thinking must have been that since it has spending power it can be accepted instead of cash -- simply as a store of value. So the move from PayPal to Bitcoin shouldn't be that much of a leap to them then. Just last week was the crackdown in Argentina on the use of credit cards to take advantage of the difference between the black market exchange rate for the local currency (ARS) versus the official, regulated rate. Jon Matonis' article on it: - http://www.forbes.com/sites/jonmatonis/2012/09/04/argentina-begins-tracking-all-credit-cards/What can be bought in Argentina is UKash -- which can be used at Bitcoin Nordic and Mercabit.ue (Actually, Bitcoin Nordic accept CashU, but funds from UKash can be loaded to a CashU account, and then transferrred to Bitcoin Nordic.) - http://www.BitcoinNordic.com - http://www.Mercabit.euOther than that, there are no good cash-out methods in Argentina nor currency exchanges, though ARS is an asset on GLBSE for electronic pesos. The way it works is that your 1 share of ARS is backed by 1 peso kept in a bank. You can redeem yoru shares of ARS and request physical delivery. But also, there is account-to-account (A2A) transfer on GLBSE, so you can essentially trade pesos (ARS) by transferring shares using GLBSE (small transaction fees can apply for larger transfers). - https://glbse.com/asset/view/ARS - http://bitcointalk.org/index.php?topic=91814.0 |
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I'm trying decipher this. In the end, those currencies that fail to adapt to upcoming regulation will be shuttered while those that remain may see the market as it now stands disappear. Which I take means that if the only reason the currency was gaining traction was because it could be used anonymously, once KYC is required for businesses that accept it those merchants will no longer have the customers. Fair argument. There's no doubt government could make the hassle of using bitcoin greater than its value to a merchant or to consumers. In its place will be an opportunity to supplant conventional means of payment by offering convenience unlike anything currently offered by established financial players. I'm drawing a blank here. If bitcoin can make it what offers "convenience unlike anything currently offered" wouldn't be hampered by the same KYC or other restrictions that impact Bitcoin? |
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So I'm unclear ... does the merchant bear the risk of a double spend if one happens?
I now see how this is configurable by the merchant: HIGH speed confirmations typically take 5-10 seconds, and can be used for digital goods or low-risk items. LOW speed confirmations take about 1 hour, and should be used for high-value items. So High risk/speed is 0/unconfirmed (presumably). and Low risk/speed is six confirmations (presumably), ... what is Medium risk/speed? One confirmation? I see that if there was a double spend, the merchant is alerted by e-mail and POST. If at any point we detect a payment to be INVALID you will receive an email and a secure POST immediately. This will only happen if you select the Medium or High risk settings. There is no chance of an invalid payment for Low risk settings. |
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says Anthony Gallippi, co-founder and CEO of BitPay. "By accepting bitcoin, a business can receive a payment from any country, instantly, with no risk of fraud.” "instant" and "no risk" are pretty concrete terms. From another thread: [double spending] is not a problem for any business that uses Bit-Pay. We notify them (or their server) immediately when the payment is received with 0 confirmations. We have never seen a double spend in over a year and over 5000 transactions. But, for high dollar amounts, there's no problem in waiting for an hour to be sure.
So I'm unclear ... does the merchant bear the risk of a double spend if one happens? So then to get "no risk of fraud" the merchant would need to wait the certain level of confirmations appropriate (e.g., six confirmations)? If so, then one word or the other between "instant" and "no risk" is inaccurate. Obviously, for a bricks and mortar business like a restaurant this isn't a concern, but perhaps I am selling expensive software online for digital delivery (and thus it is downloaded before I as a merchant might discover a double spend had occurred. |
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Wound be cool if I could hook up a bar-code scanner with prices. or just a USB number pad soo my teller can enter the price in USD then the customer see's the price in bitcoin. The Blockchain for Android (which is tied to your Blockchain.info/wallet ) lets you enter the price in USD (in the amount field click the "pen" to edit the currency) but it just converts using the BTC/USD rate. Also would like to see an APP I can set the conversion rate. Prefable in real time on a website I control. Allowing me to pad it a bit to help me avoid any volatility issues. If you use BitPay, they take care of any volatility issues. So from your tablet you simply load your merchant checkout page, enter the amount (in USDs if you wish), click Checkout Now and then BitPay presents an invoice with the QR code for the customer to scan. The QR code includes the amount of BTCs. If your account is set up to keep the proceeds as BTCs, then the fee is 1%. If you want USDs instead, then the fee is 3%. But that conversion to USDs happens at the price at the time of sale, so you aren't exposed to exchange rate risk. They will then send the USD amount as an ACH/Direct Deposit transaction. Here's an example of the merchant's side: - https://bitpay.com/m/428316/checkoutIt would be nice for a merchant solution where there is no intermediary, and that will likely be built as there are more and more brick & mortar merchants coming on board. When rolling your own though, there is still the risk to accepting payment on zero confirmations: - http://en.bitcoin.it/wiki/Double-spending |
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version message: version 60001, blocks=198574
Are you sure it hasn't caught up? Block 198,574 would have been about current for the time you posted. (it's always running in the background) Just checking... rule #1 with electronics and software says that when stuck, reboot. Have you tried closing the program and re-launching it? It is a shot in the dark, but who knows. |
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