This was not clear, a natural reading of "FREE from funding fee" is that it is free to fund. Also you say the fee is charged to YOU right after saying it is FREE to the customer. AND all this was in answer to a question about something that would be competitive to Dwolla which is free for transfers under $10 and only 25 cents for large transfers. however, if you are willing to wait 1 to 3 business days, you can fund your MtGox account by sending a wire transfer. Funding by Wire is currently FREE from funding fee. There is a $10 receiving fee charged to us by our bank. It will be actually faster than waiting to get your Dwolla account funded according to our own experience. Please visit: |
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Edit: Even bitinstant's fees are too high in my opinion. never used them yet but I would not waste 4% of my money just so I can get an instant transfer. I rather wait.
Sounds reasonable for the fraud that can be committed against bitinstant. There is no possibility of chargeback for cash deposits through the method that both Bitinstant and us use. Do you also use TrustCash? |
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Charlie, I consider you a friend too, and that is why I was surprised by that post. I am not accusing you, I simply do not understand the logic of CosbyCoin here. Seems that when we have news releases there is always somebody ready and able to comment on fee issues, when our fees, in reality are not much higher or lower than competing exchangers. In any case, your personal word is sufficient for me. My apologies. I look forward to keep working with you guys. Roberto Our rates were 4.49% NOT 4.99%
Roberto, please do not stoop down an accuse me of having a "sockpuppet"
You and I have been doing business for a few months and even considered us friends.
I am welcoming competition, but do not play a cat and mouse accusation game it just shows how unethical you are.
I think EVERY member of this community can attest to BitInstant being fair and honorable
Charlie
Just because there are illogical people on the internet doesn't mean they are your awesome professional competition. (I'm not Charlie or Yankee in case you were wondering.) |
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Blocks will always be produced, it's just that in 130 years they won't get any NEW coins. They'll be rewarded only by transaction fees.
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The first Back to Back Tourney was great. 10 players, first place was 1500 and if Al wins again tonight he'll get the 330 in rake from last night plus tonights rake. Come bust him and keep it growing.
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I honestly feel that you guys are in complete denial of what's going on, I see it as reverse hype. Trying to boost an opinion based on so called "really bad news" that aren't actually all that bad. It doesn't help arguing about it though, we will find out who is right.
Just watch now as with the decline, suddenly there come more negative news. Let’s see who is in denial about what actually happened. Perhaps now we will finaly learn who the other 4 victims of the Linode hack were, and how big their losses were? Faucet, Slush, Bitcoinica, Coinworker and Trade Hill, leaves 3. Do we know any more? But also some could have had multiples. |
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New promo tournament starts tonight, very early tomorrow morning actually.
Back-to-Back Bonus Tournament: Daily at 1am ET, 300 + 33 buy-in. 100% of the rake from the tournament goes to the progressive prize which is paid in full to anyone who wins this tournament twice in a row.
Do they have to play and win it on consecutive days, or just 2 times in a row that they play it? You must win two consecutive tournaments to get the prize. The rake from the current night's tournament will also go to the prize. The rake is 33 chips per player and I'm going to round up for simplicity, 100 chips for every 3 players. So if there are 12 players for 10 nights in a row before someone wins back to back the prize they will get (in addition to winning first place twice) would be 4000 chips = 4BTC. I don't know how long this promo will last, but at some point I'll announce that it will be over the next time someone wins the prize, I won't cancel it while there is a standing prize. |
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New promo tournament starts tonight, very early tomorrow morning actually.
Back-to-Back Bonus Tournament: Daily at 1am ET, 300 + 33 buy-in. 100% of the rake from the tournament goes to the progressive prize which is paid in full to anyone who wins this tournament twice in a row.
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The number of confirmations should be custom. For some things (an exchange) 6 is reasonable, for access to a cheap download it completely wrecks the service and ought be 0 confirmations. For most things that are being shipped customer should get a message that they are paid after 0 confirmations and the merchant should get the go ahead after 6 or whatever.
But I haven't even used it, maybe the definitive solution already allows this.
This configuration is to be set on the merchant side. Our Magento module (and any module we release after that) will include this setting. Right now we only allow two values, either confirm payment at 0 confirmations (instantly when the transaction is seen) or at 6 confirmations. Note that when sending from an MtGox account, there is no need for confirmations. Nice. |
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That can't be done now, but I wonder about a system that let a tx essentially say. "This input can be used for any tx as long as the coinbase transaction of that block has an output to [recipient address] equal to [amount].
Feels like there might be problems with it. Multiple people paying the same address in the same block...?
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This sounds great. - Customers can pay in BTC from their Bitcoin program (6 confirmations)
- Mt.Gox account holders can pay from their Mt.Gox accounts, allowing for instant checkout (and impulse buys, oh my’s)
I wonder what the '6 confirmations' means. Will it take 6 confirmations until my purchase goes through if I use Bitcoin? If this is the case the video is not a good use-case for buying a map to the nearest Starbucks. Is this to avoid double spends or is this to promote Mt.Gox accounts? The number of confirmations should be custom. For some things (an exchange) 6 is reasonable, for access to a cheap download it completely wrecks the service and ought be 0 confirmations. For most things that are being shipped customer should get a message that they are paid after 0 confirmations and the merchant should get the go ahead after 6 or whatever. But I haven't even used it, maybe the definitive solution already allows this. |
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My ad is still not up, do they go up manually I guess? Is mine all in order and just waiting? User freemoney.
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Does Dwolla still work with Gox? It's cheap and only one other account to set up.
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How much faster will it make my Jamaican run? He's pretty fast already in case that matters.
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Don't worry, the bar is set pretty low as to what constitues a legit bitcoin business! One metric is that scammers have made hands over fist more then what legitimate services have offered.
This is to be expected really. Scammers (usually) have short time preference and we're just getting started. People who are building good brand equity and reputation will make a buttload eventually. |
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A small thing. You should consider accepting 0 confirmation transactions. This is not a situation where you are going to possibly be ripped off, worst case scenario is that someone gets a few cents worth of free service. And it just isn't going to happen anyway. 0 confirms where appropriate makes bitcoin more useful and satisfying too imo. (And it would give a slight edge over that other very similar ad site that takes hours to put me back up after I expire).
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I just bought an ad, username: freemoney
It seemed the price per click was the same at 100 and 1000 so I don't know if the 80% discount for orders over 200 clicks was applied or not.
edit: of course I'll take the 500 also.
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The less you debate about Bitcoin the more gets done > more applications > more users > more profit.
That is great advice. It would really be nice if Bitcoin were a 'silent giant'. The best businesses are those no one even knows exist. One thing to keep in mind with Bitcoin is that it is a sterile asset, even more so than gold in my opinion, and as such and any increase in the value of bitcoins is a result of wealth that was already produced and stored in some other form being transferred to the holder of the bitcoins. Why even let people know their wealth is being siphoned away as Bitcoin grows? That's not true. For example we need tons of staff and huge secure buildings and trucks to secure dollar transactions. When we switch to Bitcoin we save are wealthier and more value is stored in Bitcoin than previously was stored in dollars. From a more individual perspective we are wealthier when we move our commerce into the Bitcoin realm because we save tx fees. |
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