Absolutely true! How many immigrants send money home from developed countries (UK, US, EU, etc.) to their home country? Millions...and that means hundreds of millions of dollars is flowing through these transmitter services. Bitcoin can absolutely provide a better option - lower fees, easier transaction, faster transaction, potential for asset appreciation.

Credit card fees are consistent, Bitcoin price is not consistent. Businesses have a hard time making the business case to get involved because they risk so much with the wild swings of the Bitcoin to Fiat price. That's really the main reason.

TL:DW, would appreciate a summary from the OP if he rally wants us to have a discussion - what's your opinion?

I can understand the lesser than two evils...the first evil is Greece going on as is (spending more than they earn), the second evil is resorting to a deregulated, untested, completely new and wildly volatile currency.

What if the swing between BTC and Alt Currencies go the other way? We could lose one BTC in a week!

Which alt currencies do you trade regularly with success?

Now the Greeks want to spread their misfortune and lack of desire to work for their prosperity? Don't punish the German people because you're not happy with what the EU has decided of your fate. The EU is based out of Brussels anyway, why not boycott Brussels if you want to keep consistent with your discontent. Merkel is merely the current leader of the EU, she doesn't make all the decisions.

Maybe the Greek people should boycott their own Government - including denying pension payments - as a measure of saying - you can't lead us and we won't be led by you.

https://digatrade.com/

Just came online in Canada in the last month...anyone using it yet?

I'm setting up this thread for comments on people's first use and reviews of the exchange.

They have no way to initiate payment automatically like they can with a credit or debit card. I can't request or demand payment from a Bitcoin address. That automated, Uber-initiated payment authorization is a key part of their transaction process.

Agreed.

Sorry I was a bit of a catalyst to a side conversation that hijacked your thread, Blazed. I only started by commenting on the sale price proposed by a legitimate offer. I didn't intend for that comment to take us off course (but I did respond to those off topic comments, so I enabled it to happen.)

These conversations are fun to have, I hope others believe so too.

Their intent to use Citicoin (in part) to benefit the poor and "unbanked" is admirable. This sector of consumers offers less incentive for corporations to pay attention because there isn't much if any revenue to be gained, yet these people have desires and need for services as much as any other consumer...just on a smaller monetary scale. This could enable some better wealth creation by those sitting "at the bottom of the pyramid". I'd love to see how serious their convictions are on this part of the Citicoin project.

I'd also be curious how governments would use it within their current monetary system.

Dazed, you can use a multiplier on anything you're or I are trying to value in comparison to something else where those two items can easily be compared in terms of value or price. SO yes, I'd value a Morgan Dollar to another US silver dollar (different time period, not Morgan) in terms of a multiplier. Or to compare the price of gold coins from two different governments (e.g., Maple Leafs vs. Kuggerands.) People value companies in terms of multipliers too. There's a lot of uses for it.

The key thing here is that it's not my mathematical formula, it's not arbitrary. It's not like i've determined what the multiplier is - it's literally the sale price divide by face value.

Here's a link to "Valuation Multiples" to help you understand its economic definition -> https://en.wikipedia.org/wiki/Valuation_using_multiples

"Usefulness: Valuation is about judgment, and multiples provide a framework for making value judgements. When used properly, multiples are robust tools that can provide useful information about relative value." (Quicksilver, you should read this wikipedia link, I think it would help you understand. You keep quoting Nubbins and his comments don't speak to multiples at all.)

You can decide to use this information or not, but its not my opinion it's a factual way to express market value. The best part is that it's really simple! In no way am I saying that 2.1x SHOULD be the valuation for the BTC10 coin, i'm just trying to understand how the market values these coins. In my experience the lowest valuation is for standard BTC1 coins. The tenths get valued higher as do the halves...which is kind of crazy to me.

The higher the face value of the Casascius coin the lower the relative premium that's assigned to it's sale price...that's very odd to me, especially when the highest face value coins are the most scarce.

A grading thread would be very cool. If you want me to set it up for you, i'm happy to do so...just don't want to step on any toes (as they say...)

Dude, you're making about BTC0.5 per week from your signature campaign, that equates to posting 100s of posts a week, how is this not enough for you? You're crushing it!

Yeah, spot on. This is a really interesting point, especially given how easy it is to buy bitcoin. I wonder if it's proof of the global nature of this community, meaning that a lot of members come from countries where 1 bitcoin is A LOT of fiat? Or perhaps implies that a lot of members are young and don't have the extra cash.

...bitcoin does in fact reach the moon. (Except for one, gotta keep one for good luck!)

Xapo also claims to mix or scramble payment received so no one can track your balance if they've used a payment address in the past.

The bitmixer might be the right option for you but if you don't want to the third party involvement, check out Xapo.

I'd love to be in the room when these ANACS folks grade a coin to see what they're really seeing, what they're discriminating between from one coin to the next. They all look so perfect to me, but obviously I'm not an expert.

It seems like a true statement that their could never be other MS68 graded coins like these in the future, especially given the small quantity in existence.

Dazed, don't be a fool.

Valuation multipliers aren't reserved for some things people purchase and not for others. It's a mathematical way to compare the bid or offer price of two different things that cannot otherwise be easily compared. Here's an appropriate example for you: One cannot compare the sales price between a physical 1BTC coin and 10BTC coin because the stored value in one is ten times the other AND there's no generally accepted treatment of the premium that should be applied to each. The only way to equally, fairly compare the prices is by using a valuation multiplier.

The Casascius tenths have gone for 20x face, the 1BTC has gone for 2-4x face depending on the type of coin (i.e., brass or silver), and denominations above have rarely if ever been sold publicly so there's no real information the potential price range.

If you think that valuations are reserved for select items or aren't relevant, you're wrong. Now, you can choose not to agree with a valuation multiplier or think about the formula for price differently - that's completely fine, should be encouraged! But until someone buys these coins and the price is public we have no real way to assess what the price should be, hence my multiplier valuation comment.

Yeah man, this is a good point. Nothing is ever truly safe if it isn't in your hands, in your possession. Same goes for bitcoin, and probably more so than fiat. I can't hold bitcoin in my hands as I can gold, silver, cash. Even if I'm holding a Casascius coin, it only represents value, I still have to go to a network system to retrieve or use the bitcoin stored on that coin. And in a lot of cases the blockchain is more dangerous than governments, while there isn't a government behind it (that can be corrupted) there's no one with central control so if it breaks or disappears no one has any ownership of fixing it. There's no one to "attack" publicly for mistakes made.

I think diversification is the best move. Don't put everything in one place so that if that one place falls apart you aren't left with nothing!

Is there any discussion over what they want the parts for?

Challenging debate, disturbing all around...all sides.

Just a clever way for a few obscure lawyers to try to make a name for themselves, become seen as the first authorities over the subject. Their work, while important and I'm sure very full of appropriate expertise, is only their opinion of how things should be done or a summary of the very few laws that exist or how to apply bitcoin within the existing legal structure.

The best thing about this is that people who are not developers or "counter culture" are taking bitcoin seriously...spending time learning about it...spending time researching it...spending time talking about it. It's a great thing.