empowering
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Activity: 1078
Merit: 1441
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April 30, 2015, 03:56:57 PM |
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Dat is a quote.... not a trade.. unless you know something we do not? (or can see 15 minutes into the future) do none of you click hyperlinks? lol Oh right... yeah. Funny one  |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2015, 03:58:31 PM |
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oblox
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Activity: 1442
Merit: 1018
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April 30, 2015, 04:03:44 PM |
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You guys... click the link... trollface.
</facepalm>
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 04:04:30 PM |
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Dat is a quote.... not a trade.. unless you know something we do not? (or can see 15 minutes into the future) do none of you click hyperlinks? lol You douche! I was salivating like crazy! |
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Jammalan the Prophet
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April 30, 2015, 04:06:10 PM |
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Dat is a quote.... not a trade.. unless you know something we do not? (or can see 15 minutes into the future) do none of you click hyperlinks? lol Really disapointed , I was expecting some p0rn |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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April 30, 2015, 04:23:45 PM |
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Oh good... he has finally flipped (NLC)
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Cassius
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Activity: 1764
Merit: 1031
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April 30, 2015, 04:24:58 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. That certainly removes the biggest barrier to bitcoin adoption -- which is bitcoin itself. No. This is abundantly clearly not what they're doing. I can't tell any more if you mean it or are trolling, but it's rather silly. |
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empowering
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Activity: 1078
Merit: 1441
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April 30, 2015, 04:27:26 PM |
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Interesting. I have long thought that someone would do this.. |
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JorgeStolfi
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April 30, 2015, 04:29:28 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. How did you figure it out all this? Or do you suggest that's what YOU would do if you were willing to start a company that clearly supports BTC in the first place?  Please ignore my cheap shot about "the main barrier", and tell me what is wrong with my description of Circle's new service. Circle may have intended to be a bitcoin-centered company when it was created. However, BitPay's numbers show that the market for fiat-to-bitcoin and bitcoin-to-fiat services is small and shrinking, and the chances of recovering the VC investment and making a profit out of them are slim. Circle and Coinbase must have realized this a year ago already. So Circle (and Coinbase) are adding fiat-to-fiat services, whose market is orders of magnitude larger -- perhaps using bitcoin internally, but only if and when it pays. From the quotes in teh article, it is evident that GS and IDG are interested in Circle as a digital payment processor, not as a bitcoin exchange. In case someone is wondering, none of that 50 M$ will go into buying bitcoins. VC investors do not give money to startups for the startups to play the market with it, or invest it in something else. If GS wanted to invest in bitcoin, they would do it themselves. Charlie Lee explained that himself when he was asked how many million would Coinbase invest in BTC. |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 04:32:01 PM |
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With the amount of VC money they have attracted it will be interesting to see what they will make of it. However, a space heater where the user keeps all the BTC sounds more sensible. 25% is a scam. |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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April 30, 2015, 04:33:50 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. How did you figure it out all this? Or do you suggest that's what YOU would do if you were willing to start a company that clearly supports BTC in the first place? Please ignore my cheap shot about "the main barrier", and tell me what is wrong with my description of Circle's new service. Circle may have intended to be a bitcoin-centered company when it was created. However, BitPay's numbers show that the market for fiat-to-bitcoin and bitcoin-to-fiat services is small and shrinking, and the chances of recovering the VC investment and making a profit out of them are slim. Circle and Coinbase must have realized this a year ago already. So Circle (and Coinbase) are adding fiat-to-fiat services, whose market is orders of magnitude larger -- perhaps using bitcoin internally, but only if and when it pays. From the quotes in teh article, it is evident that GS and IDG are interested in Circle as a digital payment processor, not as a bitcoin exchange. In case someone is wondering, none of that 50 M$ will go into buying bitcoins. VC investors do not give money to startups for the startups to play the market with it, or invest it in something else. If GS wanted to invest in bitcoin, they would do it themselves. Charlie Lee explained that himself when he was asked how many million would Coinbase invest in BTC. By god you are short sighted. The projects that you keep trying to talk for, are not as short sighted imo. |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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April 30, 2015, 04:38:57 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. How did you figure it out all this? Or do you suggest that's what YOU would do if you were willing to start a company that clearly supports BTC in the first place? Please ignore my cheap shot about "the main barrier", and tell me what is wrong with my description of Circle's new service. Circle may have intended to be a bitcoin-centered company when it was created. However, BitPay's numbers show that the market for fiat-to-bitcoin and bitcoin-to-fiat services is small and shrinking, and the chances of recovering the VC investment and making a profit out of them are slim. Circle and Coinbase must have realized this a year ago already. So Circle (and Coinbase) are adding fiat-to-fiat services, whose market is orders of magnitude larger -- perhaps using bitcoin internally, but only if and when it pays. From the quotes in teh article, it is evident that GS and IDG are interested in Circle as a digital payment processor, not as a bitcoin exchange. In case someone is wondering, none of that 50 M$ will go into buying bitcoins. VC investors do not give money to startups for the startups to play the market with it, or invest it in something else. If GS wanted to invest in bitcoin, they would do it themselves. Charlie Lee explained that himself when he was asked how many million would Coinbase invest in BTC. Ok, I'll humour you. What happens when a Circle customer wants to buy something over the web from a merchant who isn't a Circle user? Maybe they use BitPay, or another service, or they're happy accepting funds in bitcoins. Do they: 1) Send a cheque, and inform the merchant by email (followed by a phone call) 2) Make a SWIFT transfer 3) Bridge the gap in some other way? Don't you also think a start-up company (the clue's in the phrase) might anticipate a growth in their chosen sector? |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 04:42:56 PM |
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Bitcoiners are the easiest troll bait ever
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bassclef
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April 30, 2015, 04:49:46 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. How did you figure it out all this? Or do you suggest that's what YOU would do if you were willing to start a company that clearly supports BTC in the first place? Please ignore my cheap shot about "the main barrier", and tell me what is wrong with my description of Circle's new service. Circle may have intended to be a bitcoin-centered company when it was created. However, BitPay's numbers show that the market for fiat-to-bitcoin and bitcoin-to-fiat services is small and shrinking, and the chances of recovering the VC investment and making a profit out of them are slim. Circle and Coinbase must have realized this a year ago already. So Circle (and Coinbase) are adding fiat-to-fiat services, whose market is orders of magnitude larger -- perhaps using bitcoin internally, but only if and when it pays. From the quotes in teh article, it is evident that GS and IDG are interested in Circle as a digital payment processor, not as a bitcoin exchange. In case someone is wondering, none of that 50 M$ will go into buying bitcoins. VC investors do not give money to startups for the startups to play the market with it, or invest it in something else. If GS wanted to invest in bitcoin, they would do it themselves. Charlie Lee explained that himself when he was asked how many million would Coinbase invest in BTC. Ok, I'll humour you. What happens when a Circle customer wants to buy something over the web from a merchant who isn't a Circle user? Maybe they use BitPay, or another service, or they're happy accepting funds in bitcoins. Do they: 1) Send a cheque, and inform the merchant by email (followed by a phone call) 2) Make a SWIFT transfer 3) Bridge the gap in some other way? Don't you also think a start-up company (the clue's in the phrase) might anticipate a growth in their chosen sector? You can humor him all day long, he won't humor back. |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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April 30, 2015, 04:51:05 PM |
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Bitcoiners are the easiest troll bait ever
Yup. Think I'm done though. |
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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April 30, 2015, 04:54:50 PM |
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MAXM just changed their bid back to 5000 coins at 350 USD/BTC...
This happened over 24hrs ago.. No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins. 8 hours ago it was already 5000 coins No. I have followed it. And watch the timestamp on the bid. Well, you and everyone else must by on a different internet then. |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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April 30, 2015, 04:56:59 PM |
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MAXM just changed their bid back to 5000 coins at 350 USD/BTC...
This happened over 24hrs ago.. No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins. 8 hours ago it was already 5000 coins No. I have followed it. And watch the timestamp on the bid. Well, you and everyone else must by on a different internet then. Norway is right, it disappeared, and then reappeared earlier today. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2015, 04:58:04 PM |
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JorgeStolfi
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April 30, 2015, 05:07:16 PM |
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Ok, I'll humour you.
What happens when a Circle customer wants to buy something over the web from a merchant who isn't a Circle user? Maybe they use BitPay, or another service, or they're happy accepting funds in bitcoins. Do they:
1) Send a cheque, and inform the merchant by email (followed by a phone call)
2) Make a SWIFT transfer
3) Bridge the gap in some other way?
You tell me. We are talking about a customer who starts with dollars in hand and a merchant who wants dollars, correct? (Otherwise it is the old fiat-to-bitcoin service that they allready had.) Don't you also think a start-up company (the clue's in the phrase) might anticipate a growth in their chosen sector?
Like BitPay and Coinbase, when they started they certainly expected the fiat-to-bitcoin and bitcoin-to-fiat market to grow "exponentially". |
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