I think it's because a lot of people are buying up bitcoins before ACIS comes out capital controls and devaluation make the dollar worthless.
Fixed |
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Regarding fees: Just a tiny ($0.25?) ACH fee and a thin buy/sell spread compared to most other US-based services
$0.15 and 1% i'm interested in hearing from someone who's actually used them. i assume you have? so does it take 2-3 days? do they only use ACH? can one use email to initiate a tx? As far as I know you can only use ACH there. I've bought about 150 bitcoins that way. My last transaction was initiated Friday morning and is supposed to be complete by the end of business hours on Wednesday. As far as email goes I know they have some merchant tools that let you send an invoice via email and they have some APIs, so maybe it's possible to do what you want. |
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Regarding fees: Just a tiny ($0.25?) ACH fee and a thin buy/sell spread compared to most other US-based services
$0.15 and 1% |
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As far as I know you can use BitInstant with any MoneyGram location, and those are virtually everywhere.
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If you want to buy bitcoins right now take cash out of an ATM and use BitInstant.
If you are willing to wait 5 business days for an ACH withdrawal to clear then use Coinbase.
I haven't found a good solution for recurring periodic buys yet. I'd like to be able to buy bitcoins via ACH deposit but nobody offers that yet. Setting up an ING checking account in order to move dollars into Bitfloor might come close but there aren't many bitcoins for sale over there.
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I can't get past this idiocy: The other disadvantage of a commodity money is that someone has to produce the commodity. Labor and capital are expended in locating and mining gold, a real cost. David Ricardo, writing about two hundred years ago, pointed out that a tax on gold mines whose output was used entirely as money in the taxing country and provided all of its money was a burden-free tax—not only did it impose no excess burden (cost to taxpayers above receipts to government), it imposed no burden at all. A smaller amount of gold was mined but the value per ounce was greater, resulting in the same total value of gold money at a lower production cost—and it is the value, not the weight, of money that mostly determines its usefulness. Fiat money represents the limiting case, where "production cost" is in effect all tax. David Ricardo's argument is the kind of magical thinking that a 5 year old should be able to debunk. |
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Although increasing it to the max. needed would make it impossible for the average user to run a full node. So increasing it would only be feasible as soon as a significant amount of Web-servers are running full nodes. If Bitcoin grows to the point at which it is handling that many transactions per second the "average users" will be businesses. Currently these businesses are collectively spending hundreds of billions of dollars to move money around, so if they switch to bitcoin and spend just 1/10 of their previous costs on mining there will be plenty of resources available to solve the problem. |
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Of course, a bank could could instead charge no interest and just rely on the increase of the value of bitcoins to make a profit. No, it couldn't. Lending without nominal interest is never profitable because the lender could get the same benefit by just holding on to the money without the risk of default. |
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(And ideally, does reoccuring transactions without too much bother)
- walletbit
Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
Bitcoin to ?
None I know that go from fiat to coins.
Bitpay will convert to USD, MXN, CAD, EUR and GBP ...we only accept fiat if you first use it to buy Bitcoins  You guys would be even more awesome if you could find a way to navigate the regulatory hurdles and add that to your offerings. People who get paid in dollars and want bitcoins need payment processing too. |
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I don't like this talk that money is not wealth. It is wealth, If nobody had money, that would not be of any consequence to the total wealth of mankind, utility of all goods would still be there. I agree with the latter statement, and I'm concerned about how you don't appear to notice how it clearly contradicts the former. |
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The problem with taking in as much revenue as he would through Bitcoin is cashing it out. Totally impossible today, even if you utilized all the on and off-exchange markets...including Coinabul.
If Mega customers are buying bitcoins to pay for their subscription and Kim will have no trouble at all selling his. |
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Translation: they dont need money they need property rights. They also need Western governments to stop sending "assistance". Free food either gets dumped into their cities and destroys the ability of local farmers to make a living, or else it gets resold on the open market so that the dictators ruling them can raise cash to buy weapons (from those same Western countries). |
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Claimed and proven:  Sorry, that's not proof. I could make a screenshot image that shows me as being Dread Pirate Roberts with an account balance of BTC90,000,000. If you posted a public GPG key in your Silk Road profile, and signed a message here with that same key, it would prove that you control both accounts. |
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Payroll services are definitely money transmitters. What legally makes a payment processor different from a money transmitter? |
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Not using my real ID as I don't want people to know that I'm handling so much money.
I will use MoneypakTrader or MoneypakTrader.com (if "." is allowed), it is not useful right now.
I will not use pgp unless it will guarantee sale/s, there are better alternatives (privnote/readthenburn). Those two services don't prove identity. You claim to have extensive feedback on Silk Road and claim to have done business on #bitcoin-otc. I could claim to be any user on #bitcoin-otc and the only way to prove it would be to sign a message with my public key. Any reputation you've accumulated via the #bitcoin-otc WoT is useless in this situation if you're not willing to cryptographically prove that you're the person you claim to be. |
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Do you have a history with the #bitcoin-otc Web of Trust (WoT) or will you provide identity? I have done my past business outside the forum and WoT, using Silk Road mostly. But I'll try to get some of my customers to leave feedback for me here and on WoT.
I should have the site developed a little over the coming days/weeks, but this thread is mostly for feedback.
I'd recommend customers start with small amounts of coin/$ until There is some feedback on here showing the service is trustworthy.
Can you update your original post with a link to your WoT identity, and a link to your public key, and sign the original post with the public key tied to your WoT identity? |
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Requires sending me: MP loadable Debit Card #, zip code registered in, and BTC for how much you want loaded. Why do you require this information instead of sending your customer a Moneypack code? |
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So that's what steganographic messages look like.
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