Tried using my debit card, denied. Had the funds available. Contacted support by phone, they said that it is a known issue, that their fraud algo is too strict at the moment, I asked if I would be able to buy using bank account (still waiting on the small deposits to come in), and they said maybe, but were not sure.
I am not a fraudulent person, hopefully they fix this part soon, so I can use this service and leave CB forever.
Is Coinbase really that bad? I have seen a lot of people complaining about them but I've never used them personally. I don't trust businesses operating out of apartments unless they're running a garage sale. LOL I did just use Circle and it was faster than using my Wells Fargo account online. I can't believe Bitcoin finally got a service that's operated by seasoned professionals. What a pleasure it was to use. Most of the online bitcoin business websites I've used so far left me feeling like I was dealing with the mafia in a dark room, like I was doing something illegal. |
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Do not. I repeat: Do NOT invest in bitcoin. Already since I making my post, price fall below $360 on bitstam exchange. I tried to warn you!
If you buy bitcoin, all you will have to pass to your kin is a sad story of deception and regrets. Max out your company's sponsored 401k plan or invest in shares of my berkshire hathaway. Make your children and future kin proud.
--Waren Buffet
You misspelled your name. lol |
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Well that's an interesting turn of events. lol |
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Thanks Warren,  Whenever I want advice on new technology I like to hear from a senior citizen. That's what I think about when I see Ron Paul. |
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It doesn't really matter about what I say on the form now, it is completely legal for the Australia America Secret Police to enter my house unannounced, install a bitcoin wallet on my computer, notify the welfare authorities, and if I tell anyone what happened I could face 10 years in jail.
edit. They could also shoot me and all my family and they can't be prosecuted and any journalist that reports on it can also receive 10 years in jail
You misspelled America LOL - that's a good one. |
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It doesn't matter. They are using daily ledgers to prove they have control over a physical asset which is really no proof at all. When a company wants to make it seem like they have this killer idea that's so wonderful it's sure to be stolen at any moment they use the marketing phrase "patent pending". That just means they applied for a patent. It does not mean the idea is great. I could apply for a patent on electric shoes that squirt anal lube that doesn't mean anyone will buy them. I will buy them, fantastic idea. I always want to kick Josh's ass. With your shoes, my foot will go straight into his fcking anal!. I better get my patent application in right away. |
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It doesn't matter. They are using daily ledgers to prove they have control over a physical asset which is really no proof at all. When a company wants to make it seem like they have this killer idea that's so wonderful it's sure to be stolen at any moment they use the marketing phrase "patent pending". That just means they applied for a patent. It does not mean the idea is great. I could apply for a patent on electric shoes that squirt anal lube that doesn't mean anyone will buy them. |
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Soon enough someone may be able to get the Lego Concentration Camp set with BTC to go along with those Disco Hitler Babies But yah that is certainly weird stuff right there. Jesus, kill it with fire. I can't believe I clicked that link. Now I can't sleep. |
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I think they're based in the USA.
Indeed they are. A US company can't just go overseas and start trading in drugs that are illegal in the US. It's not ok for them to launder money in Somalia either.
Those were never the issues under discussion.
They need to comply with US law or prohibit US customers from using their service.
That IS somewhat related to one of the issues under discussion - specifically, there is no reason for customers outside the US to be held to US law. I imagine if, say, a Chinese financial company insisted that its American customers comply with Chinese laws that there would be howls of outrage. Circle offers a separate ToS document for its international customers, but in it the requirements are to follow US law, plus several more arbitrary capricious restrictions that I cited. What they do to and with their US customers is not my area of concern - my issues are with their treatment of international customers. I am not American. Besides, it's a business. You can always refuse to do business with them and pick a company based in Somalia to do business with. LOL
Of course I will not do business with them. No international person will unless they are willing to be bound by US law, plus the other onerous limitations I cited. Consider, for instance, the millions of people who live in jurisdictions where online gambling is legal. They cannot use Circle without acting as though they live in a jurisdiction where it is not legal. American companies will become international pariahs if they keep to this course. The world is much bigger than the US and Somalia. Finally - I am astonished that nobody seems concerned that this company - the hot new place to buy BTC on credit - has calmly announced that it will, as they put it - Circle reserves the right to monitor for payments that relate to (long list plus)... any other matters which we communicate to you that are unacceptable from time to time. They will watch how you spend your BTC and if they do not like it they will cut you off. Nobody has even blinked at this - on an international BTC forum. Wowsers! I hear you and agree that US businesses are screwed. Hell, I agree that the US legal system is screwed. I don't blame any non US citizen for avoiding our businesses. My country has been heaping laws for civil rights, animal rights, consumer protection rights, women's rights, children's rights, Native American rights, and plant life rights on top of our heads for so many years that now no one has any rights. I think Circle will be a good thing for Bitcoin adoption in America. Finally pussy Americans will have a company they can go to that they aren't afraid will go out of business for lack of compliance. I'd be more concerned about their spying on transactions to comply with AML/KYC laws if they were the only game in town. I'm a proud American - I'm used to not having any freedom and being spied on all the time. I certainly don't fault you for not using them though. |
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All of the items in that list look illegal to me, at least in the US.
First, I cited the international rules. Circle makes you certify that you are NOT an American resident before these apply. (The American rules are even tighter). American rules and laws do not apply in other jurisdictions, yet this ToS attempts to impose them on what Circle has been calling forty percent of the global population. In any case, I highlight some of the list items with my observations parenthesized: lottery contracts, layaway systems, or annuities (not illegal anywhere, as far as I know - annuities, in particular, are a classic financial refuge for widows and orphans, and layaways were a staple of the pre-debt epoch); controlled substances including but not limited to (blah blah. Controlled in what jurisdiction - rules vary all over the world, and this ToS is for international customers); goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction (blah blah. Think about it. It says ANY jurisdiction. That includes North Korea as well as Kansas); weapons of any kind, including but not limited to (blah blah. Weapons in whose eyes - is a butter knife a weapon, is an idea a weapon - Circle has sole discretion in deciding); any Restricted Persons or persons or entities located in Restricted Territories (blah blah - no donations to whistle-blowers if they are on some State hit list - Circle is international except for the parts of the world that are out of fashion, and such fashions change like hemlines); court ordered payments, structured settlements, tax payments, or tax settlements; (there are news items most days that some jurisdiction or other is planning to accept tax payments in crypto, but you will not be able to pay with your Circle account) blah blah, or multi-level marketing program (legal and widespread in the States, legal in most jurisdictions); and finally - the one that will get anyone sooner or later says - any other matters which we communicate to you that are unacceptable. Corny example of why this is a very alarming ToS document - a person living in, say, Germany, can not buy a deck of playing cards and pay with BTC from a Circle account without violating the ToS because that could be interpreted (at the sole discretion of Circle) as facilitating gambling activity. If you think I am exaggerating, reflect that Coinbase has allegedly been cancelling customer accounts recently because it believes some BTC in their accounts had passed through gambling sites. This ToS tries to separate BTC into good and bad BTC, and attempts to destroy fungibility. I do think this stuff matters a lot, if cryptocurrency matters in the first place. Statecoin is not the answer to the problems with fiat, imho. I think they're based in the USA. A US company can't just go overseas and start trading in drugs that are illegal in the US. It's not ok for them to launder money in Somalia either. They need to comply with US law or prohibit US customers from using their service. Besides, it's a business. You can always refuse to do business with them and pick a company based in Somalia to do business with. LOL |
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I was ready in 2013. I've already made so fucking much money with Bitcoin and bought back in to make more.
That means that you've been successful with it, not that its been a success unto itself. There's a distinction. Lots of us have made lots of money via bitcoin, but that doesn't necessarily mean that bicoin itself is becoming successful. I'm the only one that matters so it's very successful. LOL I really started believing Bitcoin would be around forever in late 2012, early 2013. That made me sell at the beginning of every panic sell off and buy back in at a stable bottom. We're nearing another stable bottom right now and I've been buying in 25 coin increments for every $20 drop in price starting at $440. Everyone else is just seeing what I've seen for a long time. |
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I was ready in 2013. I've already made so fucking much money with Bitcoin and bought back in to make more.
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I was wondering if they pay electricity more then $200000 now..
Their electric bill was around $60K/month. Nah, they're stealing electric from their neighbor. The neighbor just thinks his wife is leaving the lights on when she goes out for the day. lol |
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They ebay sellers sold it not only for profit but to make money from them as well, kinda makes you think the ebay seller knew that the BFL were gonna take longer with the preorders or more like forever.
Most of the eBay seller accounts were BFL sock puppet accounts. They we're selling their equipment through eBay for a markup over their own ridiculous price. Didn't anyone else figure that out? I had an argument with an eBay BFL seller here long ago and reported his sale to ebay then told him in the thread that I did it. Ebay pulled his ad and closed his account. Josh got in the thread and started ragging me out hardcore. What does that tell you? |
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I have posted this elsewhere. Please forgive the duplication. The topic seems important enough to justify it, imho.
As far as I can see, Circle will work out fine unless or until you want to spend your BTC. Do not let the boiler plate text make your eyes glaze over. Read the fine print!
From their service agreement - their INTERNATIONAL service agreement, of all things:
-- snip --
17. Restricted Activities
Using the Services to make the following types of payments is prohibited, and Circle reserves the right to monitor for payments that relate to:
any Restricted Persons or persons or entities located in Restricted Territories (as each term is defined in Section 29);
weapons of any kind, including but not limited to firearms, ammunition, knives, or related accessories;
controlled substances including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories;
gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, lotteries, games of chance, sweepstakes, games of skill that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing;
constitute money-laundering or terrorist financing;
any sort of ponzi scheme, pyramid scheme, or multi-level marketing program;
goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction otherwise constitute counterfeit goods;
debt settlement, refinance, or credit repair services;
court ordered payments, structured settlements, tax payments, or tax settlements;
the sale of money orders or cashier’s checks or any unlicensed money transmitter activity;
lottery contracts, layaway systems, or annuities;
counterfeit goods; or
any other matters which we communicate to you that are unacceptable from time to time and which, for example, may be restricted by our and your payment partners.
In the event that Circle learns that you are making any such prohibited payments, Circle may suspend or terminate your Circle Account.
-- end snip --
They are planning on weeding out the criminal scumbags that have littered Bitcoin from day one. It is their business you know. If they're not interested in dealing with Silk Road or breaking the law that might simply mean they don't want to share a cell with Charlie Shrem. Think about it a minute. They must comply with local laws to the best of their ability to remain in business. All of the items in that list look illegal to me, at least in the US. |
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I see a lot of others are all in and going down with the ship, any descent is treason... I support digital currency in fact I think it is the most important thing that we could achieve in our life times.. That is why I hate to see so much wasted time and effort on a concept that cant work. I dont have a profit motive.. I know that is unfathomable around here but I am not in digital currency for personal enrichment. I dont say it is a failure because it hasn't made me rich, I say it is a failure because it cant replace government issued fiat.
I've seen this so many times here. Bitcoin isn't working for you therefore it isn't working. There are so many different reasons to use Bitcoin. Speculators want volitility for profit, some early most late adopters want to see a massive increase in price for profit, antiestablishment types want to see it replace fiat to end government misuse of funds, humanitarians want it used in Africa to end oppressive control of the poor, exchanges want to reap their steady profit, businesses want to accept it to increase their sales, criminals want to use it as a new method of stealing from simpletons, gamblers want to use it to skirt around local gambling laws and so on and so on. The truth is it will never work for everyone forever. If you're one of the antiestablishment types you may never get your wish but that doesn't make it a failure for everyone. |
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How long has it been since they updated the wiki? MtGox Live Traders Forum - MtGox Support lol |
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Finally, a Bitcoin financial services business that's not run either by ex cons or by wet behind the ears children out of their apartment in San Francisco. Very good news!
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to the mooN!!!!!!!!!!!   |
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