Well, if Paypal touches Bitcoin I have no doubt what they will end up producing is a steaming pile of crap.
Agreed. But at the same time, it will make trading Bitcoins easier and more accessible for a large part of the population. See, most of the vendors in Localbitcoins charge a 5% premium. What is wrong with Paypal, if they charge a 3% commission and make Bitcoins easier to exchange?  If PayPal doesn't have seller protection, it's going to be much higher then 3%. It's up to 30% right now I believe. |
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BlackHalo beta still scheduled for public release or someone going to get some cheap coins?
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Following on from the above.
Current market cap is $10,371,296.
If, today, we had a voted-on to-do list, and everyone contributed 1% of their holding towards paying for X work to be carried out, we would raise $103,713.
For that amount of money, we could get a fair amount accomplished. Enough, such that upon release, the new work would raise the market cap by comfortably more than 1%. That would represent a decent ROI.
Now, let's say we do this every couple of months ( to take into account administering the process and doing the work - some work will take longer than 2 months, some less ). The value of BC will increase at regular intervals, for very good, solid reasons, without P&D.
Such a process would allow us to invest a small percentage of our holding with reasonable certainty that we will get a good return. Many of us will choose to sell some BC at the point of release of the work that has been paid for, to recover our investment and turn a profit. This builds good liquidity, brings in new money, etc.
It would mean we could see very good return at regular intervals, would erase the need for large numbers of people waiting for the big pump to make a quick buck, dumping in the process.
This leads on to the following possibility.
As the value of BC ( and BTC ) increase, so does the value of that 1% voluntary contribution.
Not everyone will be willing to voluntarily contribute even 1%. Not everyone will be aware of it. However, let's say that, instead of the 1% staking interest being paid back to the address that generates it, it is paid to an address that serves as a 'development' kitty.
Not everyone keeps their wallet open to stake, but as the value of BC increases, the 1% generated by those that do stake will cover for those that don't. It will probably, over time, generate an excess. In this case, the stake could be split between dev kitty and the generating address. Or, the excess could be donated somewhere ( towards education centered around this type of technology, for instance ).
A thought ............
This is a great idea. Instead of donate 1%. We should call it Donate your Stake or Stake for Developers. Now we spin it around so you're not losing anything from your original stash. This way it will be less than 1% |
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Hello,
Sorry for the noob question, but i never used paypal to sell or buy BTC, I only used paypal to get paid in Odesk:, so what is this chargeback with paypal? How can someone scam you buying your BTC with paypal?Thanks!
BR
Gondel
Send you PayPal payment. You send BTC to buyer. Buyer does a chargeback from credit card. Your BTC got stolen. That's a simple way of putting it. |
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What happened there in a few words? 90 minutes waiting for 3rd confirmation of some BTC on its way to Mintpal now... sucks, but since someone keeps dumping away this time it might be a good thing since i will get BC a bit cheaper than i would have an hour ago  From what I can tell someone who had control of the Crypt account started posting FUD: Hidden premine. Everyone started panicking. Someone checked Github no premine. Price recovered. Cloakers saw a buying opportunity dumped Cloak for Crypt. Both coins have recovered -20%. Edit: Only 9.7 BTC to 25.7K so once someone wants to start buying should head up there quickly. |
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I don't have crypt or cloak, but thought it was funny how cloak got pulled into this. |
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Major scandals going around Cryptcoin and possibly Cloakcoin. Still researching. Massive drop on MP. Hopefully money comes here! Ole Reliable! |
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If there is a charge-back, PayPal will expect you to cover it. If you don't they freeze/close your account same as if it were fiat. Not sure what you think would be different.
We're talking about BTC. There's no chargebacks. Let's get some terminology straight here. Chargeback do not equal PayPal disputes. They are different things. Chargebacks are taken care of with credit card while PayPal disputes involve only PayPal.
Nothing chages for PayPal or Buyer or Seller as far as BTC integration goes.
Buyer buys something for BTC, BTC goes to PayPal who than transfers it to $ and holds just like they hold fiat. When all requirements are met, they send $ to seller (or mybe there would be option to convert $ to BTC and send BTC to seller if he wishes).
If chargeback happens (in period while PayPal holds BTC/fiat), PayPal just returns BTC/fiat equivalent to buyer.
Only thing that changes is that, PayPal is now in control of chargeback decision. Now, credit card houses are one that decide will there be chargeback or not in most cases, not PayPal, with BTC PayPal could actualy start protecting Seller too.
There is no chargeback. Like I said, that involves credit cards only. You can only open a PayPal dispute. It's pretty much seller protection. So I'd require the buyer to pay with BTC and not accept their credit card if I deem them untrustworthy. That was my entire point in the original post. Back then I had perfected a way to require buyers to use PayPal funds to pay rather then credit card which gave me almost the same protection as BTC. I knew the system inside out and wrote the PayPal Virtual FAQ on this hence my name. bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.htmlNo one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time. Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks. Then there's the issue about withdrawls in BTC and having your PayPal account hacked. Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual. Well thats pretty interesting I had to sign a notary form saying I wouldn't sell BTC for paypal or face permanent account closure haha. When and why did you have to do this? I am interested... That was awhile go when BTC was a more sticky subject and PayPal had strict "anti-currency" restrictions. They felt it was a threat to them so anyone buying or selling BTC with PayPal had account closed or what happened to Maidak. |
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Why not team up with other coin devs to put a joint effort that will beat Bitcoin?? Maybe Pavel + XCoin Dev + SCoin + VCoin Dev = Stronger BC >> LTC >> DRK >> BTC If you cant beat them join them. Strength by association! Are you serious? You know all the altcoins you named came after us. They obviously didn't wanted to team up which is why they made their own altcoins. |
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Some people probably needed btc urgently, otherwise i cannot explain the big sells...
Any comments?
IMO BC lacks innovation... I have said this over and over and over.... David is saving our ass form BC being at 15k. What is Legionare group doing? Why is the community not paying Pavel to finish POS 2 Why not add any interesting innovation? All I see is bull shit from all except from Dave Zimbeck. I love you man, you are my hero! ------------------------------------------------ I am still waiting for replies regarding this bull shit!Any info on this Maarten?? Also no clear information here; http://www.reddit.com/r/blackcoin/comments/28hnzs/so_what_is_this_node_thing_not_annon/Here is a quote from Vizique: All in good time! 
It's worth the wait, it's going to be the talk of the town.....
No, no spoilersYou say BLK lacks innovation and then list a bunch of ways BLK is being innovative. |
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Random idea to increase distribution: Kickstarter project, "group buy blackcoin". Include goodie package & information etc.. Target group: people inclined to buy into digital currency.. people who like decentralization. Maybe someone - who has used kickstarter before? - can pick that up. That's how we'll grow.. Distribution  I like it! I've done some crowdsourcing for work. Some goodies could include a few limited cryocards (if they're still available). What kind of levels are you thinking? Could be a good time to implement while we have MBA to help promote. Interesting. How would the group buy work when it's time to buy? They'd be pissed if it was post-Black Halo. haha Maybe setting something after Black Halo has been out for a little while might be good to generate interest. |
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Some people probably needed btc urgently, otherwise i cannot explain the big sells...
Any comments?
that (maybe even for the reason to buy DRK on the low) or an attempt to create a panic in the wake of the DRK sellout to get cheap BC before the next run. No "real" reason for this at all. This. Always will be people chasing short term gains. Once BlackHalo has ETA or just released, price will skyrocket. Unless you're sitting next to the computer on reddit, you're going to miss out. I think it should be announced strategically. Monero is going show up on MintPal on Monday if not before plus possibly another MintPal coin this weekend. Wednesday or Thursday is probably a good time. I expect there will be less hype over whatever coin on that day. |
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bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.htmlNo one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time. Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks. Then there's the issue about withdrawls in BTC and having your PayPal account hacked. Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual. Well thats pretty interesting I had to sign a notary form saying I wouldn't sell BTC for paypal or face permanent account closure haha. Things change, man. Nice to see you around! |
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bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.htmlNo one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time. Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks. Then there's the issue about withdrawls in BTC and having your PayPal account hacked. Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
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Yes, that is correct. If the buyer/seller never reach agreement, no one will get their money back. The coins would essentially be destroyed. (At least for this simple contract.) Is this some kind of joke ?. You could possible lose thousands of BC on a trade if it went wrong?. Well, assuming my understanding is correct, yes. But the idea of it is that this should be a very rare event - not many people would decide to do the equivalent of lighting hundreds of dollars on fire. That's one of the simplest versions of the contract. You could also set up a contract to allow arbitration I believe (though that requires trusting that the arbiter and other party won't collude against you.) You set up a multi-sig account that requires 2 of 3 keys to send, and if you can't agree, the arbiter could step in for a fee. The arbiter could set up his service to use a standard fee/agreement, and you may not need to contact or pay the arbiter anything unless he is needed. This version isn't as trustless as the original though. Not sure if I'm reading the correct part. But I read somewhere about using divisible currencies to trade little bits until they all correspond to the whole and trade? So if you do get scammed, you lose a tiny bit. Otherwise the other party loses just as much as you. Same trust system that's based on staking. If you screw the system, you stand to lose it all. Am I understanding this correctly? Certainly better arrangement then 1 party gets everything first. |
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LOL some guy just bought everything right away because of that!
I was like "MAX BORGES" lol
Dammit could you have waited a little longer! I was buying everything up to 23K!
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No idea. I'm buying! |
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Just search #cloak or #cloakcoin a bunch of non spam comes up on twitter.
Who did you find? I couldn't find any twitter account that fit my parameters. Usually too much spam. Basically I want to set it up so almost every single Tweet notification from my Cloakcoin follower is "I need to buy Cloakcoin now" or "Sell Cloakcoin now" Very hot news that moves the price. My goal is to set up my twitter account for every single one of the top altcoins. |
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Anyone tweeting about #Cloakcoin with just Pump announcements? Most twitters are full of Cloakcoin spam which I'm not interested in.
There are no pumps run on this coin. It's as natural as your mother's unshaved schmutzpocket the dudes on a spam tour across the threads, I just saw the same spam on cinni thread. Yes. Because I can't seem to find anyone. Pump as in just "Dev announcements." Why is there no one out there? 'Alty' is his twitter name forgot the @name though. Search alty his dp is a picture of a cartoon rocket. He announces Alty has too much spam on his twitter which is why I'm not following him. |
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