Buying bitcoin from Facebook friends

[Elwar]

So this site http://www.friendswithcoins.com/ is working on facilitating people buying bitcoins through their Facebook friends. Purchases posted on people's walls giving Bitcoin a lot more exposure with the ability for people to easily buy bitcoins from their friends (using things like PayPal or other simple pay services).

This could drive the Bitcoin price up quite a bit if people start seeing a lot of their friends buying bitcoins and decide to jump in.

It would be legal for Chinese people to buy from their friends through something like alipay (China's version of PayPal with over 550 million people).

With over a billion Facebook users all over the world this could tap a huge market of online users even bigger than China.

[HairyMaclairy]

Nice but doesn't fix the China problem. Third party payment processors not dealing in bitcoin means Alipay can't do it until the rules change.

[Bitcoin Oz]

This will just cause massive facebook hacking and paypal scamming. Do not want.

[Jbanna]

and also China doesn't allow facebook...

[Wilhelm]

Yes I will buy a bitcoin from facebook and not get scammed in the process

[Elwar]

Yes I will buy a bitcoin from facebook and not get scammed in the process

Buy from Facebook? Facebook hacking?

The only interaction with Facebook is a list of people's friends and posts to the wall. Hack Facebook all you want, the seller still has to recognize the buyer as one of their friends before sending any bitcoin.

Or don't sell to someone you don't trust. Do you people have a bunch of scammer friends or something?

[john_doe]

You don't really need a site for this. Just ask your friend (through Facebook chat or whatever you want) and that's it.

[GigaCoin]

make one for twitter, even better.

[Stormalong]

Don't understand the negativity in this thread, this seems like a great idea. I signed up. We'll see if any of my friends bite.

Of course, I've been suggesting they buy BTC since it was $60 or so. To my knowledge none of them have.

The only things that concerns me is the FwC wallet. I'd tell my friends to get Electrum and transfer out of the FwC wallet ASAP. Its great for usability, but if this is some kind of scam thats how they are going to do it.

[Elwar]

Don't understand the negativity in this thread, this seems like a great idea. I signed up. We'll see if any of my friends bite.

Of course, I've been suggesting they buy BTC since it was $60 or so. To my knowledge none of them have.

The only things that concerns me is the FwC wallet. I'd tell my friends to get Electrum and transfer out of the FwC wallet ASAP. Its great for usability, but if this is some kind of scam thats how they are going to do it.

I agree, it helps that people will have a friend who will be people's "online Bitcoin consultants" to help them through the whole process.

A lot of people do not know anything about Bitcoin but know enough that they want some. Going through a friend is how most people get started. I have sold to friends and just e-mailed them their public/private keys and they sent me money via PayPal. Not the best way to do it, but it works. Though private keys in e-mail is pretty unsecure as well. I then told them how to download a wallet and move it to their wallet.

[cointouch]

After much frustration with exchanges I built http://www.cointouch.com/ to find friends of friends that want to trade bitcoins.

The site shows offers to buy and sell from within your extended social network. Prices are pegged to market prices (MtGox or CoinDesk), at your chosen spread, and thus automatically update every minute. There are no fees, no delays and no BS.

USD, GBP and EUR supported. Currently supports Facebook login. Google and LinkedIn coming soon. More altcoins also coming soon.

Any feedback, please drop me a tweet @cointouch

Thanks, and I hope you find the site useful

[piramida]

After much frustration with exchanges I built http://www.cointouch.com/ to find friends of friends that want to trade bitcoins.

The site shows offers to buy and sell from within your extended social network. Prices are pegged to market prices (MtGox or CoinDesk), at your chosen spread, and thus automatically update every minute. There are no fees, no delays and no BS.

USD, GBP and EUR supported. Currently supports Facebook login. Google and LinkedIn coming soon. More altcoins also coming soon.

Any feedback, please drop me a tweet @cointouch

Thanks, and I hope you find the site useful

Nice idea but unfortunately site would not be useful without friends also using it. And I seriously doubt any friends who don't use exchanges would find your service. So, chicken and egg problem, no point in registering. But nicely done.

[cointouch]

I have a reasonable amount of liquidity in my CoinTouch network, and individual bids/offers for more than 5 BTC.

Personally, I much prefer trading larger BTC amounts with my extended social network than on centralised exchanges full of strangers.

You might find more than you expect in your CoinTouch network. It's only a couple of clicks to get started:

https://www.cointouch.com/