OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).
He received the funds via an app on his phone - Mycelium..
The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?
Thanks in advance.
It might help if you asked yourself what you are doing and why. Why does your friend need exchange commodities? Food? Rent? Real estate? To pay his/her employees? Who does he need to procure whatever it is from? Apparently he wanted the coins so you sent them to him. What's the problem? How could we possibly help you with the information you have given us? I don't think you have covered the whole thread. Look at this. As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.
Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.
Most people are not in a position to do this.
Prior to doing it this way or if their are some issues with the account she would use Western Union.
I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.
At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.
I guess bitcoin just isn't ready for these communities yet.
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if you want to help bitcoin to succeed - you have to use it i suppose.. the thing that matters is not how much you hold but how much you use  if nobody uses it and everybody just holds do you think btc will be a success ? i doubt it..  Exactly this ^. At our current rate, bitcoin isn't looked upon as a currency. It's more of an investment. Of course you are looking to make a profit, but do you sell your fiat to make a profit like how you would do so here? Our current value and position will count on those who generally have large amounts of btc in their back pockets. |
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By reading the few posts before me, I would say that bitcoin is for primarily to be used within developing or developed countries. In under developed countries, the poverty would not allow people to use bitcoin as they would not have the correct resources to access and use bitcoin to it's full potential.
In an under developed country the people that would be able to use bitcoin may not have a good enough technical knowledge for in order to understand what they're doing. They may just treat their wallets as another piece of software on a machine, which could always be recovered by downloading again if something has to happen.
Obviously you can do that,but what happens when they haven't backed up?
This goes for the same with the financial aspects as since it's so easy to use bitcoin on illegal activities.
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That's a pretty decent wpm rate. Learning a programming language would be best for you as well as completing Essays and articles for others. It's not really the typing speed that matters, it's usually about the language you're writing in - I'm talking about articles and so forth - you'd need to at least have a good understanding of your topic as well as being fluent in the language you're writing in.
Look at Amazon Mechanical Turks , there's usually a lot of transcription work needed to be done. You might do well with that. They also pay a decent rate.
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Complete bullshit and scam. If you buy, don't expect a single thing shipped.
Judging by your posts and history, I see you say everything is bullshit and a scam and a rip off, I'm guessing you're just sour in life. You openly state that PrimeDice sounds like a scam. Enough said. They have been paying users forever. Are we allowed to offer a cash back program if somebody buys with our referral link? |
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“when its price is low enough”.
Is this not what everybody does? If you're looking for a small quick profit purchasing at it's lowest it key. If you don't mind securing a "trust fund" with Bitcoin you can buy at any price and hope in the long run that your coins will be %50 more of the value you bought them for. |
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I haven't got any time to make a design for myself, I'll just stick with the current "got bitcoins" design. What sizes do they come in? If the cuts aren't different and if they're adult sizes, I'll probably be a small to medium.
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I think we are missing the point here... OP's imaginary story has hit the nail on the head - truth is Bitcoin is not ready for remittance around the world, not without support of WesterUnion or MoneyGram like services able to exchange it to local currencies. Bitcoin is too new and not very good at most things it's designed for. With time this will change but for now we just have to take a punch instead of sending Namibian man to a Machete exchange (sorry, local bitcoins).
It's either he actually sent the £1000 or he's trying to spark a discussion with the quoted post above. Bitcoin isn't for the world to use as of yet, it's impossible to have everyone use it as of their remote locations or their status in the economy. With the limited amount, I doubt it will be used by a country as their main type of currency. To tie in with the OP, Bitcoin is still in its early stages. That should be expected, not everyone will be able to convert. If he's dealing with £1000 surely he should have a bank account, he should at least be able to find an exchange online or a person who's willing to trade. |
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I'm online and available to handle a trade for you. Don't worry- It's all free.
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As long as you guys don't spam the group every 30 seconds  . I'll create a new skype username for the forum soon and I'll pm you. Thanks for the offer. We only spam food. Canned spam. And only once a minute. The offer remains, seriously. Really it's a bunch of cryptopreneurs and service providers. I think the tone is pretty good right now. Would be happy to see you there. We have some ideas for this services project. Don't worry. I'll make something and give it to you latest by tomorrow. |
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For what country are these keys for? Spain? If so, do you have any US cards?
They work worldwide. How many do you have? What would you ask for all of the and a price for each when buying at bulk? I sold 72 yesterday, so right now I only have 29 on stock. Watch your inbox, will send you something soon. |
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For what country are these keys for? Spain? If so, do you have any US cards?
They work worldwide. How many do you have? What would you ask for all of the and a price for each when buying at bulk? |
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I vouch for Muhammed Zakir. He's shown to be trustworthy so far. I have not used him yet for any transactions but I'm sure he can fulfill yours.
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As long as you guys don't spam the group every 30 seconds . I'll create a new skype username for the forum soon and I'll pm you. Thanks for the offer. |
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For what country are these keys for? Spain? If so, do you have any US cards?
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Would I be eligible for a sample card? Are there any age restrictions that tie with this?
Yes, and currently at least 18yo. This can change later. Thanks! Dammit. I'm not eligible for it in that case, another 2 years till I'm able to use it.  |
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Vod shouldn't be removed from the default trust list. If you make a decent polite appeal he would most likely take it into account.
He does his job well by marking scammers here. He hasn't marked you with anything,why are you complaining? What's wrong with being a "MicroSoft shill"?What have they done to you? There were a few members removed from the default trust list recently namely redsn0w and bitpop.
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Would I be eligible for a sample card? Are there any age restrictions that tie with this?
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Bullshit gift cards. I bought some cards from this guy using alt accounts, just to test them out. ALL cards went bad within 1-2 weeks. OP, can you explain why they went bad if they were obtained legitimately?
best to use in 5 days thanks you @@ What? These cards won't "go bad" in 5 days if they weren't illegal. Way too good to be true, most possible money laundering by OP with StarBucks GC. Buyers stay away and buy legitimate cards. you think the sellers above 35% is legal >> ?? I believe sellers who sell legitimate gift cards. |
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we should start to use more site which ask only btc as a payment, but even than there is the problem that those site will dump the coins for fiat..., i don't see a solution until bitcoin will reach fiat status as adoption
Well there is an obvious solution in what you just said, but that will possibly even cause more problems and relies on the good will of a individual or company. What they could is accept Bitcoin as a payment, but without Bitpay and such. They'd need hold their coin and work with fiat. But this is where it becomes useless, this doesn't help adoption at all. Nothing really change, maybe we would have a temporary increase in price (if the merchant really got a lot of coins). I think that's it, so it is pretty much useless. people are also still afraid of 51% attack, there is a solution on the way for this(supernode), were the longest blockchain mean nothing
Bitcoin is vulnerable to 51% indeed, but there is something that people obviously don't understand. It is much much easier to hack a bank, than to pull off a 51% attack. Adding to that, if we were to boycott websites/stores that don't accept bitcoin as we don't have much of a following to achieve this. Also as of the extremely unstable price of bitcoin businesses would need to convert the btc immediately in order to combat a loss. I doubt they'll take the risk to be able to hold on to it for a long period of time. Bitcoin is vulnerable to 51% indeed, but there is something that people obviously don't understand. It is much much easier to hack a bank, than to pull off a 51% attack.
It's a lot cheaper to hack a bank as well if you're just going to be doing that over the internet. However the consequences are less severe if you pull a 51% |
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