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1  Other / Beginners & Help / Re: Introduce yourself :) on: January 26, 2013, 07:27:55 PM
Welcome
2  Other / Beginners & Help / WTB UK PaySafeCard(s) / WTT BTC for UK PaySafeCard(s) on: January 26, 2013, 06:30:18 PM
Short version:

- I need (up to 10) UK PaySafeCard(s) with a total value of 60.89 EUR (one reputable seller; one transaction; I pay first)
- I do not live in the UK and thus cannot acquire them myself
- I will pay 23% over value for your PaySafeCard(s) - that's 75 EUR
- I will trade for BTC if necessary but prefer to buy with PayPal
- If you are only willing to use BTC you will have to wait a week for me to load the funds to my BTC wallet


Long version:

I subscribe to a Usenet server in the Netherlands (XSusenet.com) and my account is expired.  They have a Pay with PayPal link, but it has been broken for months and customer support is nonexistent.



The actual Usenet servers are still good though, and being based in the Netherlands they are immune to DMCA takedown requests, which means no failed downloads when I have them on my roster.  Incidentally, also it means I am losing a lot of downloads right now because I don't have them.

I picked up a U.S. PaySafeCard only to discover that PaySafeCards don't work that way.  UK sites take UK PaySafeCards only, and so on.

I have a Coinbase wallet, where I keep exactly 0.000000 BTC at all times.  When I need to use BTC, I load them up and send them off.  This process takes a week, so if I can avoid trading BTC I will.

I will buy your 5/10/15/20/50/60.89 EUR PaySafeCard(s) in PayPal EUR or USD, whatever you prefer.

As you know, PaySafeCards have a Control number (password) which is required to utilize funds from the card.  Therefore, there is no point in stepping through small transactions since there is no way to know if the cards are valid until I try to spend them.  This also means I will only buy your UK PaySafeCard(s) if you can sell me all 60.89 EUR worth.

I will send payment first.  Your PayPal email address or Bitcoin Forum username must be well reviewed in previous transactions, and or listed as Trusted on this website.

I will do business with the most reputable person who makes me a PayPal offer, or if no one offers for PayPal, the most reputable person who makes me a BTC offer.

I know the whole PayPal for PaySafeCard thing kind of makes this not applicable to a Bitcoin forum, but this appears to be the only trading platform on the Internet where I will be able to get UK PaySafeCards from a reputable source.

Also, I worked hard to put 5 posts in the Newbie forum so that I could move this thread.  Please don't delete it.
3  Other / Beginners & Help / Re: Newbie restrictions on: January 23, 2013, 11:56:02 PM
I only found this forum because I was looking for a place to do a currency exchange, so I am finding it difficult to make 5 meaningful posts in this here.  "WTT this for that" - done.  If only it was that easy.

I guess it makes sense for people who have serious (or potentially serious) involvement with Bitcoins though.  And I must admit I've learned a lot during the first few hours of this forced waiting period, like where Bitcoins come from (where babies come from?)...not that I needed to know.
4  Other / Beginners & Help / Re: Trust No One on: January 23, 2013, 10:53:06 PM
I use Bitcoins only as a means to an end.  A site that I need to send money to only accepts BTC, so I load up the funds needed on my Coinbase wallet, then send them away.  My wallet almost always carries a 0 balance.

Holding massive amounts of money in the form of Bitcoins is a potentially very dangerous endeavor.  Some folks mentioned "getting in early" on Bitcoins, which would be seeking to profit from a potentially upward shift in the exchange rate to a national currency.  This is like trading FOREX, only unlike FOREX there is not an entire country backing the value of Bitcoins.

Bitcoins are only as valuable as they are secure, employed, and sought after.  If Bitcoins are left behind for another form of virtual currency, and no one wants to buy them anymore, they will become worthless.  If businesses and privateers stop accepting Bitcoins, they will become worthless.  And if some major flaw in the security of Bitcoins is exposed, they will become worthless.

That's a pretty big risk, if you ask me - which nobody did.
5  Other / Beginners & Help / Re: Introduce yourself :) on: January 23, 2013, 10:38:01 PM
My name is Mike and I am not a fan of Bitcoins.

I discovered them a few weeks ago, when I found that a website to which I needed to send money would only accept Bitcoins as payment.

I find that Bitcoins, PaySafeCards, and other forms of virtual currency just make life harder for me.  As a 26-year-old American and a holder of multiple credit cards, I have no use for virtual currency; however, the fact that it exists means that sometimes I will be forced to use it, as was the case a few weeks ago.

I now find myself in need of a UK PaySafeCard, for which I will probably need to pay a certain amount of BTC.  This means I have to exchange currency twice, just to buy something that I need (because I can't get it anywhere else).
6  Other / Beginners & Help / Re: How did you get your first bitcoin? on: January 23, 2013, 10:17:54 PM
I bought my first (and only) Bitcoin about 3 weeks ago.

I wanted to upgrade my account on NZBsRus.com to a VIP account and they only take Bitcoins, so I opened an account with Coinbase and bought a Bitcoin with money from my bank.  Then I sent the Bitcoin to NZBsRus and got my VIP account.

Now I am exploring the prospect of trading Bitcoins for UK PaySafeCards, which I need to maintain my subscription to a Usenet server in the Netherlands.

Simply a means to an end.
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