Hey Zero,
Thanks for the detailed response and you're right about my post, now that I look at it , I really can't even make anything out myself what I was onto (or just ON, for that matter)
I mashed up 2 or 3 or maybe lots of things all together in such a way that it turned out to be..NOTHING. Please ignore that and yes I shall most definitely take all other discussions related to bitcoin in their appropriate sections next time but please let me explain the things which are relevant to this thread and the Debit card in discussion as a few users have pointed out the non-availability of it as well:
1. Bitcoin is a digital currency. Everything can be a currency when there is someone that accepts it as a currency (like us).
Yes exactly and who is deciding the acceptance of the Countries listed on Spectrocoin's website? If its the decision by the service provider themselves then I would like to know why? some regulatory issue, legal or what ?
2. The bitcoin community is not bitcoin itself, however bitcoin is dependent on the community, if we don't mine/develop it, it won't get this far.
Yes sorry i was referring exactly to the community, like you said if the community
wasn't there then it wouldn't get this far. So , not being a brat complaining here but just trying to re-phrase that if this virtual debit card is meant for Bitcoin users then shouldn't it try to reach as far as the community has? Another thing, did a small UAT on spectro site and found out users from non-supported Countries are allowed to register , setup a profile, select their non-supported Country from the list ,top up vouchers from almost all the Telco operators in their Country, buy gift cards and yet not allowed to get the debit card, why?
I think the users who are just about anywhere on earth can/should buy and sell bitcoins and that's what I always thought,loved and praised most about bitcoin besides other things.
Being in the IT/Telco industry myself, I think its never a service provider issue as they would always want a bigger base and more reach of the audience, its usually the payment processor such as the bank and their ATM consortium / interbank limitations doing this , maybe it was an option for the service provider to select a tariff from the payment processor to select either global ATM networks or just a few certain ones depending on the budget? Were there any usage statistics / ARPU / Potential growth calculated region wise ? what is this segregation based on? Then again, I also think this is sometimes confidential , if it is then its understandable and OP can give me a shut up call , no issues at all
3. Bitcoin is decentralized, but PayPal is centralized. Bitcoin cannot be manipulated by one person without the majority agreeing on it (forks). PayPal however, could file bankruptcy and run away with the money.
Yes but what difference does it make to the users who don't have either? It's the same thing, we can only hear about it but never get to use it.
People in India and a lot of other Countries had been flippin at Paypal not being available to this date. So if a service such as Spectrocoin is competing centralized processors like paypal and offering something better then why is it not trying to reach more Countries? It is no doubt that the base and the volume of South East Asia is HUGE for this kind of thing. There has to be a reason for this, hopefully its not the same as Paypal's and declaring us as Fraudalent even now while MasterCard/Visa had been working perfectly since forever and the banking technology/security is also pretty up to date. Seems Paypal always is "increasing their security" everyday as evident from their posts and news and are always spending a lot of funds to look after VPNs/Socks5/RDP/ etc just to make sure not even their OWN users can access the service outside a certain radius when they need to. They tried taking over digital payments and they failed in acquiring a loyal base while other players and Telcos came in the picture. Anyway, this topic becomes a separate discussion so i'll just leave it here.
4. Like said, Mastercard/visa are all centralized. The goal of bitcoin is to bring a decentralized payment method to the world.
Yes my bad I don't know why I wrote MC/VISA there when its not even mentioned on the site lol , maybe i was confusing it with some other bitcoin card page I had it open at that time. But question again, why is it not available to every ATM in the world then? Oh and If its due to an absence of a "proper licensed BTC exchange" or maybe that KYC/AML thing whatever (which I am reading a thread on too as I write this) then don't you think it kind of makes it a little centralized?
Edit : BTW , Found this while going through the T&C on Spectrocoin's site :3. YOUR PREPAID CARD
3.1. Subject to the restrictions set out in this Agreement, you can use the Prepaid Card at most locations that display the MasterCard Acceptance Mark or Visa Acceptance Mark, either online, or on the telephone. ok so yeah, MC/VISA is there, so yes it is centralized and it connects to "most" locations, it has got to be the ATM consortium issue or limitation with the partner responsible for POS/ATM transactions.
5. First, you say bitcoin shouldn't be another PayPal. Now you suddenly say that they should partner with a bank. (Which is impossible to do) WHAT?!. Bitcoin itself cannot partner with banks (just like any other currency), but a bank can implement bitcoin into their ecosystem.
Ok your statement has confused me even further, so is it the bank that's implementing bitcoin into their system with Spectrocoin ?
what I meant originally was that if this card allows POS/ATM on global banking kiosks/equipment AND charge a fee to the end users for it then there has to be a bank network or at least some payment processor doing the transaction on bank's behalf taking a rev. share no?
6. No idea what you are talking about to be honest. If you mean the transaction fees - it let's miners verify the transaction by including it in the mined block. They don't do everything for free.
Wow .. whatever it was , it wasn't certainly Miners or their transaction fees, this is new to me , yeah I have not read or known anything about miners except the part where they kind of make new coins with a maths machine or something, i'll read up !
I would recommend you to read through the description of "bitcoin" again and rather ask questions instead of complaining.
This post shouldn't be placed in a "service" thread. Post a thread in the "Bitcoin discussion" section.
Really sorry once again if it seemed like I was complaining dude! just trying my best to contribute and help the community grow!
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