When you buy a Post Office Money Order, they ask for the person to receive's it's name, and the recipient will have to show ID to actually get the money, so an escrow agent couldn't cash it for you.
The person buying the bitcoins would be making the money order payable to the escrow agent, not the person selling the bitcoins. |
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That sounds as convoluted as all hell, and more risky than just dealing direct with someone. Escrow not supposed to be that crazy.
That sounds like something a scammer would say. No it doesnt, are you serious? You want to send btc to someone, me send a money order to that person, ask that person to cash my money order, then buy you a new money order, and send it to you. How does that even make sense? You say you will send first in that instance...It would take me the same amount of time to just send you the money order, and not risk 2 people having my money, as opposed to just one trustworthy person. You are asking the escrow person to do a whole hell of a lot extra work for you.....good luck finding an escrow that doesnt mind running to cash and buy money orders all day lol. I'd like to think you are trustworthy enough to just send a money order to.... Two people don't have your money. Only the escrow agent. As soon as he successfully redeems your money order, the BTC are released to you--before the new money order gets to me. It's a little inconvenient, but a small price to pay for those who don't want to be scammed. Scammers are all over this forum, so you can't be too cautious. I like to think I'm trustworthy too, but that's not my call--it's the buyer's. I don't blame them for not trusting me because of all the scams that go on around here. For them, I'm willing to use escrow. |
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When you get a money order you fill it out yourself, so I doubt there is any way to track who actually cashed it. The USPS might do some legwork for you though, probably not without a lot of phone calls.
Those money orders are traceable by a phone call though as to if they are valid or not, so the dollar amount and validity are nothing to worry about.
Just seems simpler to send the money order to escrow. That way the BTC stay with him until he knows for a fact it's legitimate. No need to have postal workers investigate afterwards if someone is trying to scam. |
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That sounds as convoluted as all hell, and more risky than just dealing direct with someone. Escrow not supposed to be that crazy.
That sounds like something a scammer would say. |
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Wouldn't it be safer to send you the money order directly? Any postal clerk can verify whether it's been redeemed. I'm potentially interested in buying fractional bitcoins, but I do not want to make out a money order to anyone but the recipient.
Can any postal clerk determine who the money order was made out to and who redeemed it and how much it was for, or just that a particular money order has been redeemed? |
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Use escrow how? How do I escrow a moneyorder?
1. I send the BTC to escrow. 2. You send the money order to escrow. 3. Escrow cashes your money order to confirm it's valid, then buys a new one. 4. Escrow sends the BTC to you and mails the new money order to me. |
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accept paypal ? i will pay first
 I accept money orders. Use escrow and I'll even send first. |
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Looks like there was about 35 seconds of time travel involved between Block 274090 and Block 274091:
274091 (Main Chain) 2013-12-10 04:04:09 0000000000000003844d0b773b4c76d6b299c47c8a164efe040832c377c2d52e
274090 (Main Chain) 2013-12-10 04:04:44 00000000000000018bb7cc599ae2bd3e7492a1385f116a4b1d9f651f7b5c8d72
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Golds value is that people like to look at it and touch it, they think its pretty. This value is why people accept it as a payment of goods and services. Golds monetary value is therefore directly linked and dependent on it being pretty. If it would not have been pretty we would not want it and thus it would not be widespread money.
You cant seperate between money value and utility as gold is only money because it has utility (it being pretty).
Bitcoin has no utility (like being pretty) and thus its other aspects (scare, divisible etc.) are irrelevant.
In a free society, everyone should free to choose for themselves what they are willing to accept in exchange for the goods they produce or the services they provide. Bitcoins obviously don't meet your personal requirements and, fortunately, one of the best things about bitcoins is that using them is completely voluntary. I don't think you have to worry about a banker or politician ever forcing you to accept bitcoins. |
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I'm selling 2 BTC at the Bitstamp exchange rate. Doesn't have to be one buyer, I'm willing to sell smaller amounts to multiple buyers. Escrow welcome, as long as you're paying the fees. If we use escrow, then I will send the BTC first. Otherwise, you will be required to send your payment first and I will send the BTC after your money order is received. For those located in Southern California, I'm also willing to accept cash in person at Pechanga Casino, where there is plenty of security.
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Now lets look at gold. What is golds value to humanity? Well it looks pretty. If I wear it people will say: Wow that looks great I want it. Now do you agree that gold looks pretty? Well it doesnt matter. What you do know is that you also like pretty things. If you think gold is pretty is irrelevant.
What about tulips? Do you think they're pretty too? |
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It's a huge bubble! Dump your dollars before it pops!
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Logos, because I take into consideration the attributes that money is required to have in a logical manner and have concluded that Bitcoin is the closest thing to perfect money the world has seen to date. Those attributes being scarcity, divisibility, portability, fungibility, durability, system integrity, etc.
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The price of bitcoin is now dropping it is now at $945 and going lower and lower
I bet that the price of bitcoin will go to less than $100 before the year ends
How much do you want to bet? Yes, I'd like to take the OP up on that bet also. We can use escrow. |
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Gotta respect someone who can admit they were wrong. We all make mistakes, but few have the courage to admit it.
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It's pretty clear that he would rather see all of the people buying bitcoin, buying gold from him instead. But, I think his biggest problem is that he considers Mises' Regression Theorem to be gospel.
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I forgot my password to my Bitcoin wallet the other day, so I set about in desperation to find out if it was possible, to get it unlocked; I had (4.5 Coins) In this wallet, and Bitcoin prices were surging.
Do you mind sharing with us the addresses that the 4.5 BTC were in? |
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So is he saying Bernie Madoff was the largest ponzi scheme? Is this a "fact?"
He's saying Social Security is the biggest ponzi scheme. I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)
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