@whorable Bud your clearly grasping at straws now and are not willing to understand how bitcoin works. You may be a better candidate for the supervised transactions of the bank. In the interest of those who do want to understand why bitcoin is the biggest development in finance since the credit card here are the answers to the questions your struggling with. So pay by check? Write out a check and send it in the mail? I could do that if I like waiting weeks for my order. I have not done that since the 1990's. And what 3% are talking about? There is no such thing. Well, unless you use a credit card, that WILL cost you 3% But OK, I could hand over my identity with a check. I could also mail them a sock full of pennies. You complain?! If the merchant wants to make more money off bitcoin users, he's free to do so. Absolutely correct. Just as I am free to shop for the best deal and drive down prices. Ain't capitalism grand! All the people in the "Scam accusations" section of this forum also say they'll use the courts. In reality, that nearly never happens True. But that is because they do not deal with registered, licensed businesses. I have never lost a Satoshi to a scam in 6 years of use. If someone insists on "investing" a scheme to double their coins then they have other problems. Well sure, that's the topic, "Why would customers use Bitcoins?" Even in your chosen scenario -- dealing with a bitcoin enthusiast who is also a metals dealer -- paying by check proves cheaper than paying with BTC.
Once we take into account that you have to *buy* BTC, incurring exchange fees & time to set up exchange account, risk of exchange goxing u up the a, or having to use localbitcoins (typically more than the 3% you would have paid for CC/PP transaction, plus risk of getting robbed), bitcoin stops making sense altogether None of those things apply to me. I have always made money trading with BTC. And a check is not cheaper. It is a longer wait, a riskier method, but not cheaper. Perhaps you just need to research ways to use BTC, you are describing the most inefficient way to obtain and use them. |
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Hell, tulips would have been a better choice for that basket case.
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We need to bring back civics education.  |
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Just checked the website. No discount for BTC, I call shenanigans  And Amagi Metals is known for shady business practices (quick bitcointalk search shows this https://bitcointalk.org/index.php?topic=1456781.0 as second result), so you buy with $1311.37 worth of BTC & get a brick in the mail 3 months later, SFYL. With CC? No prob, get your money back  I'm not sure what you are looking at? They most certainly do offer a discount for cash sales, including bitcoin. I have bought as much as 10oz. at a time and saved thousands. This is also true at Overstock and most retailers who take bitcoin. Check again. I'm looking at their website, https://www.amagimetals.com/ Please show me how to get my BTC discount. If you claim that you got cash discount, pay cash, problem solved, no need to buy bitcoins and pay exchange fees. Just go to the website and... Never mind here is an SS:
The high price is what you pay, the low price is what bitcoiners pay You may think you are not paying for the Tx, but Visa is not a charity and someone MUST pay. Sure somebody pays. It's not the customer though, it's the merchant. The same merchant that doesn't give me a discount for using BTC. The customer always pays. Every other entity in the deal is there to make money. It may not be on the tag, but it has to be factored into the price. If the merchant is not sharing the benefit of using BTC then I would complain. Most of the businesses I have helped to accept BTC have gone with a payment processor like BitPay. They take 1% as a fee, which is 1/3 the cost of a visa Tx But BitPay also doesn't offer the most important service Visa provides: BitPay will not give you your money back when Amagi screws you. 
Ron D.
Morristown, NJ
27 friends
3 reviews
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1.0 star rating
7/14/2015
I would be vary wary of this company. Customer service is terrible and behavior is extremely suspect. I had ordered from them once previously and had some minor issues but overall the order was fine. Now however, the number is disconnected and they do not really answer customer service inquiries. I would not do any business with this company.
Big Sky A.
Monarch, MT
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7 reviews
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8/26/2015
CAUTION!!! This company sent out another customers personal information via email to me. Probably a mistake but COME ON ARE YOU KIDDING ME!!! This information in the hand of the wrong person, you know nothing good will come of that! In one of Amagi Metals email reply to me was another customers personal information. I called that customer and warned him what had happened. Customer service is nonexistent. Amagi did not answer any of the questions I sent them. Yes they replied to each email as if they had never read the email I sent. I requested for my funds to be returned. NEVER HAPPENED!!! They would not answer my requests. I tried for 4 days in a row to call them via telephone with no luck as the number listed on their website and their fax number were out of service.
Scott R.
Austin, TX
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1.0 star rating
6/27/2015
Beware! Criminal behavior by this company! Phone number has been disconnected, company is out of business, and company is not fulfilling orders nor answering emails anymore! However, they are stealing people's money who place orders with them online and then pay with Bitcoin or check.
http://www.yelp.com/biz/amagi-metals-denver I can't say much about Amaigi's business. Other that they have handled tens of thousands of dollars of my BTC and have come through every time. If they did try something illegal then Tony (BitPay) would drop them. BitPay is a good business I trust, but it's not their job to settle disputes. If I wanted money back I would use the courts.
If Amagi is your concern then try http://www.jmbullion.com or https://www.bitgold.com. You will see the same discount.
What you are talking about now is a business that takes BTC and not BTC itself. You are overpaying compared to those of us who use bitcoin. |
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We need to mail a link of this info to Craig Wright, apparently Satoshi has forgotten how to do it. |
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As much as I am convinced CW is not Satoshi I do not know this for a fact. Failing to provide the proof he claimed was coming is a huge red flag, but not really proof he isn't. [/devil's advocate]
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Jezee guys he is just asking us to look at the code. It's not a bad idea to peek at the publicly available source code from time to time. Fortunately this is an open source project and that allows us to be certain that nothing malicious is in the code. I'll go through it tonight and see for myself. A "backdoor" is not hide-able in the source.
Specifically I am not alleging something is maliciously hiding in the source code. I am asking if the double hashing could possibly be itself a cryptographic hole that enables someone to preimage via collisions an existing signature so as to prove they signed a message from that key. Apparently the double hash is also on the public key as well as on the hash that is signed? If true, this means that someone might be able to preimage a collision on the hash(hash(public key)) and thus spend other people's coins as well. So more of an exploit then? IMO, these are good questions to ask and if someone thinks it's just a misunderstanding then let's enlighten each other instead of bashing the questioner. I would also like to hear an answer to your question. |
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I don't see why "cheapest, fastest, most secure" is not enough? I have saved hundreds of dollars in fees.
Say i buy an Oz. of gold from Amagi (or whoever). It is $1350.58 if I used a credit card. If I instead use bitcoin I pay only $1311.37.
If I pay with a credit card the seller has to wait for verification to send with confidence. If I pay with bitcoin the money is theirs within an hour and they know it can't be clawed back.
If I pay with credit card I must expose all the information needed to steal from me. If I pay with BTC the seller does not even know who paid. Which is no big deal for them.
cheap? I pay ZERO fees when I am using my card, it's instant and "secure" enough (nothing is secure on internet). the seller doesn't have to wait. if it's a merchant, he can get the money from bank same day or next day. yes, you "expose" the information BUT you can make chargeback while with bitcoin you can say "bye bye" to your funds. BTC wasn't made as a payment system. first, it's limited as volume of coins and second, it's hard to be understood by the normal people. You may think you are not paying for the Tx, but Visa is not a charity and someone MUST pay. Assuming you don't fall for their debt traps then the fees are paid by the seller who raises prices accordingly. As a business owner I assure you that your purchase is far from instantaneous. It typically takes days to weeks to receive a settlement and sometimes takes months. The problem is still why it should be better for the merchant, not the seller. I imagine most of the merchants would need to convert the bitcoins back to fiat, and that would have a fee, which could be higher than visa's or mastercard's fee. On the other hand it would be profitable if the merchant is able to buy the products he sells directly in bitcoins.
Most of the businesses I have helped to accept BTC have gone with a payment processor like BitPay. They take 1% as a fee, which is 1/3 the cost of a visa Tx. Just checked the website. No discount for BTC, I call shenanigans And Amagi Metals is known for shady business practices (quick bitcointalk search shows this https://bitcointalk.org/index.php?topic=1456781.0 as second result), so you buy with $1311.37 worth of BTC & get a brick in the mail 3 months later, SFYL. With CC? No prob, get your money back I'm not sure what you are looking at? They most certainly do offer a discount for cash sales, including bitcoin. I have bought as much as 10oz. at a time and saved thousands. This is also true at Overstock and most retailers who take bitcoin. Check again. |
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Jezee guys he is just asking us to look at the code. It's not a bad idea to peek at the publicly available source code from time to time. Fortunately this is an open source project and that allows us to be certain that nothing malicious is in the code. I'll go through it tonight and see for myself. A "backdoor" is not hide-able in the source.
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That was my first thought as well. This looks like B.S. And i don't think it's the same domain as his real website. it is indeed. I checked today wikipedia and it was the same domain before and after the update. https://en.wikipedia.org/wiki/Craig_Steven_WrightOh yeah, you are right. It is apparently him. Well this ends it for me. This dude is not Satoshi. So far the only thing I have seen that supports his claim is his claim. |
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That was my first thought as well. This looks like B.S. And i don't think it's the same domain as his real website. |
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I would predict another correction - because it is clear that he cannot be trusted with those 1M BTCs (plus he has financial problems).
I personally don't expect that he is Satoshi - but he might have learned/cracked/hacked some of the private keys - so this show can take a little bit longer.
Well, they are his coins (Satoshi). Knowing that the big wallet can still be accessed would cause me to devalue bitcoin a bit just as knowing the coins are in "limbo" would cause me to consider a higher valuation. But who am I to decide who is deserving? |
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Buy them on the open market. Not hard at all.
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If I were Satoshi I might be tempted to sign a message stating that I am Craig Wright. I would then disappear again and be less worried that ever about being discovered. It would be quite a shock to Craig also, assuming he in not Satoshi.  |
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I don't see why "cheapest, fastest, most secure" is not enough? I have saved hundreds of dollars in fees.
Say i buy an Oz. of gold from Amagi (or whoever). It is $1350.58 if I used a credit card. If I instead use bitcoin I pay only $1311.37.
If I pay with a credit card the seller has to wait for verification to send with confidence. If I pay with bitcoin the money is theirs within an hour and they know it can't be clawed back.
If I pay with credit card I must expose all the information needed to steal from me. If I pay with BTC the seller does not even know who paid. Which is no big deal for them.
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That would not be a problem for bitcoin. It may make a lot of people sad to see the price in such an environment. But bitcoin is a computer program and does not need your money. It would scale down, however there would still be nodes and the system would carry on. It was working fine when the price was $0.50 and would work fine if it was $200.
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We require and trust in mathematics for verifying bitcoin, are we now going to trust hearsay to verify Satoshi?
The decentralized nature of Bitcoin means that no one person and/or entity should not be able to say with authority what to do (eg just because satoshi says something does not necessarily mean he is right just because "he is satoshi"). Satoshi should have sufficient amounts of money to reasonably not be interested in trading with people here, along with the fact that he is likely to be the target for a lot of scams so I think it is unlikely he will engaging in any kind of trading. Playing a bit of devils advocate, I might ask why you think so much trust should be placed into satoshis identity. You bring up something interesting I think. Should we trust Satoshi? None of us really know him or his character. We love his idea, but as far as I know he is an awful person who eats children and kicks dogs. I suppose he is just a stranger to me and I can't trust that. |
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I think next he will claim to be Steve Jobs.  |
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Wrong section. Move this to "fantasy and fiction" as it doesn't belong here.
LOL, I grew up in a LEO/intelligence family and it is always entertaining to see what people think the CIA does. Comedy gold.  |
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Wow, that's crazy. No it isn't, it's now in 2016 entirely expected behaviour from both Andresen (reckless and self-promoting) and Core team (cautious and considered) They clearly state that it is because the account is suspected of being compromised and not the reasons you mentioned. |
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