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Is this more profitable than simply trading BTC for XPM on an exchange?
Please let me know your experiences!
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Ok, let's do it  PM sent with info. I have replied to your PM just to clarify a few things before we start the distribution |
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I did get a draft (but that wasn't really what I expected ..).. I wouldn't say this is a scam yet, sometimes life gets in the way.
Dear TradeFortress and Bit777. My deepest apologies life indeed has got in the way over the last two weeks and I am truly sorry for leaving you both in the lurch. TradeFortress you will have the amended draft in your inbox within half an hour (I am also going to offer you half of your BTC back - as you had already submitted the BTC payment before I became unwell and have been waiting all this time), and Bit777 I will PM you now. Thank you for giving me the benefit of the doubt and sorry again. psybits |
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BTC1.25
bit777 is the current highest bidder for BTC1.25. Less than 12 hours to go until the end of the auction! |
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At the end of the day... Bitcoin is cool. It's new and fresh and entirely unprecedented in so many ways. If you can't appreciate that, if you've seriously studied and wrapped your head around how it works and you didn't have many sleepless nights than just leave - we won't miss you  |
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That is to send to their paypal account not to be able to withdraw it to a bank accunt!
That is just saying someone in those countries can open a paypal account but they cannot withdraw the cash to a bank account in their country!
Anyone can open a BTC wallet in 2 seconds, it is a level playing field there is no red tape and no BS.
Dude. Are you serious? You are telling me that you can use bitcoins for P2P payments. I am telling you that you can do the same thing with Paypal, cheaper, in all of the places that you claimed that people couldn't. The only thing that matters is liquidity -- and there is no question that mobile/web payments providers will continue to ramp up services in developing countries. You can't withdraw BTC to a bank account in your country, can you? Much of this discussion is about people without bank accounts. I really don't see where you are going with this. The point is that people can exchange value cheaply without banks. There are many, many ways to convert Bitcoins to local fiat everywhere in the world (which is a factor in liquidity). To be able to purchase locally with funds locked in a paypal account doesn't seem the same, does it? Why are you guys getting so angry go back to inflationary fiat only designed to keep you on the mouse wheel the rest of your life if you love it so much! |
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That is to send to their paypal account not to be able to withdraw it to a bank accunt!
That is just saying someone in those countries can open a paypal account but they cannot withdraw the cash to a bank account in their country!
Anyone can open a BTC wallet in 2 seconds, it is a level playing field there is no red tape and no BS.
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I gave legitimate reasons in my post that was responded to with swearing and racism. You probably need to be educated to really understand what I was saying. Some people just don't "get" Bitcoin and if they don't it's not my problem For real? You certainly didn't respond to much of my post. I will rebut you now, but considering your incessant whining about "swearing" and repetition of the same "revolution" talk, I'd drop the attitude. If you want to educate us, please go ahead. But don't repeat the same baseless shit over and over when someone rebuts you. Yeah, that's right. I said "shit." When someone asks about utility, no one cares about an "art experiment." If you want to spread gospel, take it outside the speculation forum, because we're not all pigs here. A few quick examples but really you guys should do more research!
That we disagree ≠ I haven't done research. - There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.
- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog. Again, that people can use bitcoin as currency doesn't mean that the unbanked and those who otherwise use mobile payments don't prefer services like payza, m-pesa, fortumo, text2pay, impulsepay, junglepay, onebip, boku, zong, venmo, dwolla, or dozens of other mobile services... or prepaid cards linked to digital wallets. There's only 11 million bitcoin addresses; zong has served triple that number of customers alone. Paypal has moved into mobile payments as well -- where is it "virtually impossible" to open an account? All you need is a phone and an email address. Re fees, some of these services allow for free/cheap micropayments, or at least schedules that rival or best bitcoin. With e-commerce, these providers often charge the customer no transaction fees and instead pass them on to the merchant. Payza users can receive up to $400 a month free (sending money is free), which is significant in re to remittances. Certainly beats 7% or 15% you might pay on a single bitcoin micropayment, since you bring it up. Admittedly, once you start taking in enough money, you'll get hit with 25 cent transaction fees, which means you probably wouldn't want to receive less than ~$1.50 - $2 at a time to stay in that range. If you use Paypal as a digital wallet (not as a merchant), then transferring money to friends and family is free. Outside the US, 0.5% to 2%, tops. So let's say I want to pay someone $.50. If BTC=$100, and tx fee = .0005, you pay 10% / $.05 with bitcoin. With Paypal, 2% or less / $.01 or less. Yeah, Paypal wins. - Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.
This "bitcoin revolution" stuff doesn't add anything. Like other web/mobile payment systems, you can send/receive money virtually instantly to an electronic address. Yes, it's not tied to a government -- but we're talking about utility here, not political philosophy and idealism. I was referring to hate the face's swearing. You make some interesting points (unlike hate the face) but I just don't have time to research and respond to each one. However, on the Paypal worldwide page it does state "Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account.I doubt someone in Botswana has a US bank account. We take so much for granted. Anyone, anywhere in the world can get a BTC wallet in 2 seconds and begin sending and receiving BTC to anyone, anywhere else on the planet. If you can't see the beauty of this you're in the wrong forum. In re to utility I actually find BTC far, far easier to use than traditional online banking services and apparently so do a lot of other people. |
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I gave legitimate reasons in my post that was responded to with swearing and racism. You probably need to be educated to really understand what I was saying. Some people just don't "get" Bitcoin and if they don't it's not my problem |
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that's the ticket, keep ignoring anyone who doesn't see your grand vision of a future dominated by Bitcoin
"oh you don't think I'm right? Ignored!"
that is a surefired way to appeal to the masses
Daaw someone needs a hug. And I'm sure you can inform us of all the "surefired" ways to appeal to the masses on bitcoin. lol now I can see what you said ha ha. Swearing, being rude, racist, slamming homeless people any sane person would ignore you. |
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the speculation bubble is deflating.. just like last time. it will be in the 50s in a month or two. that is what happens when you have more sellers then buyers.
everyone is quickly realizing that there is little point in buying bitcoin right now unless you plan to speculate. and the speculators are drying up. so get the
hype machine rolling again guys. you need fresh meat.
Actually the exchange rate has nothing to do with Bitcoin's intrinsic worth as a disruptive technology / art experiment |
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Sorry all I can see is "This user is currently ignored."
You need to chill out go get a massage or something - if you can afford it.
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A few quick examples but really you guys should do more research!
- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world . LOL, I forgot about all those untapped internet markets in Africa and the Middle East. I'm sure all 12 people who would be interested would agree with you, but until you can sell blood diamonds or car bombs via BTC, I think you are over-estimating the importance of these markets. - Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog. Talk about digging for reasons to defend yourself, that is the biggest crock of shit I've ever heard. Are we talking about giving homeless people spare change or making donations online? The words "fast, easy, and convenient" should also never be used in the same sentence as Btc, puhh-lease - Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.
Anyone can participate in other currencies as well, it's called getting a fucking job. So delusional it's funny at times Ok you have degenerated to swearing and in fact this whole conversation you have been rude many times unlike me. I can't be bothered picking apart the twenty or so fallacies in your arguments (or your conflation of my points with counter arguments that do not even address what I actually said) - I have better things to do than write an essay right now. You can't troll me goodbye and ignored. |
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I'm curious -- in regards to products you can buy with bitcoin (and not fiat? more conveniently than fiat?) what are you talking about, some more examples, web sites? From the perspective of someone who isn't actively involved with bitcoin and thus wouldn't be holding it, is this still true? I just don't see it.
A few quick examples but really you guys should do more research! - There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world. - Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog. - Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily. |
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well you can't save everyone I guess
enjoy your bitcoin banks and investment funds
and your comically confident oxymorons
A diverse ecosystem is a healthy one. |
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Well just wait for the Bitcoin banks, Bitcoin ATM's, (more) Bitcoin investment funds.
I know a number of people working on some very, very serious projects.
Bitcoin has gained massive traction in the last few months and this will only continue.
You are freaking out over nothing.
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This is my last contribution to this thread. http://www.newscientist.com/article/mg21929256.100-bitcoin-sells-out-as-big-business-moves-in.htmlHave a great day dude. P.S I base my opinions on my own research and analysis too. When I found BTC it took me two weeks of serious study late last year to really wrap my head around it in a serious way. I don't see what the problem is - if Bitcoin doesn't get legitimate it will be made illegal - period. It is extremely easy to pass legislation which would cripple Bitcoin - I am not going to say how in this thread however! |
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Of course the black market aspect is there - but it is NOT the only reason BTC exists and to say BTC relies on black market transactions only for its current value is in fact a very outdated and incorrect point of view. Silk Road's popularity was about the same when the value was $13 so are you saying all the rest of the increase of the market cap is from other black market activity only? When SR was down for over 48 hours (and no one knew if it was coming back) it hardly affected the price of BTC at all. I don't use the service at all but as I actually follow everything happening in the Bitcoin ecosystem I was aware of this. Have you done a google news search for Bitcoin yet? EDIT: Here I'll help you: https://www.google.com/search?hl=en&gl=uk&tbm=nws&authuser=0&q=bitcoinI hope it helps you realize Bitcoin is far, far more than just a tool for the black market. It could be argued Silk Road was important in the evolution of Bitcoin - but now? Bitcoin as a whole has outgrown it and I would argue it is irrelevant as more and more investors and entrepreneurs are seeing the more revolutionary aspects which Bitcoin brings to the table. |
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It is a common myth that BTC is for black market purposes only. This article shows that most Bitcoin users do not even take drugs (I am in this demoagraphic): http://www.zerohedge.com/news/2013-03-10/demographics-bitcoinMany people, including me, are captivated more by the technological aspects of the currency, and how different it is to anything which has come before, more than the black market aspect (myself included). It is as revolutionary as the invention of the Internet itself, and is the first P2P currency to EVER be created. Only those with small minds only focus on the black market aspect. A cursory google news search for BItcoin will reveal much activity from angel investors and legitimate companies doing things which have never been done before. Stop spreading this trash talk. |
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