JimboToronto
Legendary
 Online
Activity: 4494
Merit: 5813
You're never too old to think young.
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April 21, 2016, 05:24:22 PM |
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LOL  |
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BitconAssociation
Newbie
 Offline
Activity: 42
Merit: 0
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April 21, 2016, 05:27:55 PM |
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...
You can use SEPA, OKpay, etc. The exchange is just starting, but it has lots of potential. At least, it is impossible to take down.
ELI5 who I wire actual irl money to, and why it won't get stolen immediately. 1) The bitcoins are programmed to be released only when two of three people agree that the money has been received. 2) When the money gets to your bank account you and the buyer release your coins. 3) If you lie about it, the buyer and a random aribitrator release your coins. Not sure that I would trust it... but seems legit. Ah, so like the OpenBizarre multisig moderator setup. Why not become 20 arbitrators (or whatever they're called) on OB, and charge your clients (BTC they would lose/2) to see their coin again? ...
2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point.
Another good idea. |
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Equus
Full Member
Offline
Activity: 136
Merit: 100
Why the long face?
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April 21, 2016, 05:28:22 PM |
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...
You can use SEPA, OKpay, etc. The exchange is just starting, but it has lots of potential. At least, it is impossible to take down.
ELI5 who I wire actual irl money to, and why it won't get stolen immediately. 1) The bitcoins are programmed to be released only when two of three people agree that the money has been received. 2) When the money gets to your bank account you and the buyer release your coins. 3) If you lie about it, the buyer and a random aribitrator release your coins. Not sure that I would trust it... but seems legit. Did this with a SEPA transfer on bitquick once. The guy sent me 180 euro. I saw the transfer go through to my account. I released the bitcoins. 2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point. Reading through their whitepaper this morning I see things like "transaction limit of 1 bitcoin" listed as security features, so I am pretty skeptical. Still, chargebacks are possible with e-Bay and yet things work. Perhaps a reputation system will make it all work in the end, or maybe a bunch of people will be scammed for a ton of money. How exciting to find out! |
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BitconAssociation
Newbie
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Activity: 42
Merit: 0
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April 21, 2016, 05:30:53 PM |
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... chargebacks are possible with e-Bay and yet things work. ... That's because eBay/PayPal is a trusted third party, which intervenes on your behalf. Also linked to IRL identities & bank/PP accounts. People tend to behave better with jackbooted government thugs around, that's just how it is  |
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BitconAssociation
Newbie
Offline
Activity: 42
Merit: 0
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April 21, 2016, 05:45:33 PM |
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🙌1.22 %🙌 
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spooderman
Legendary
Offline
Activity: 1708
Merit: 1047
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April 21, 2016, 05:45:41 PM |
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lol ^
apparently this community has got a lot more mature.
choo btw
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JimboToronto
Legendary
Online
Activity: 4494
Merit: 5813
You're never too old to think young.
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April 21, 2016, 05:46:16 PM |
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Where are the trains and the rockets guys?  Still waiting.  For me, the moon train doesn't leave until US$700-800. |
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spooderman
Legendary
Offline
Activity: 1708
Merit: 1047
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April 21, 2016, 05:49:31 PM |
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yep. around 700 i'll start pissing my pants and losing sleep again.
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JayJuanGee
Legendary
Offline
Activity: 4200
Merit: 12866
Self-Custody is a right. Say no to "non-custodial"
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April 21, 2016, 05:50:32 PM |
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...
You can use SEPA, OKpay, etc. The exchange is just starting, but it has lots of potential. At least, it is impossible to take down.
ELI5 who I wire actual irl money to, and why it won't get stolen immediately. 1) The bitcoins are programmed to be released only when two of three people agree that the money has been received. 2) When the money gets to your bank account you and the buyer release your coins. 3) If you lie about it, the buyer and a random aribitrator release your coins. Not sure that I would trust it... but seems legit. Did this with a SEPA transfer on bitquick once. The guy sent me 180 euro. I saw the transfer go through to my account. I released the bitcoins. 2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point. I had the same thing happen on Venmo... those fuckers.  |
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whored
Newbie
Offline
Activity: 42
Merit: 0
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April 21, 2016, 05:54:21 PM |
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...
2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point.
I had the same thing happen on Venmo... those fuckers. Â It's not about the money, it's about sending a message  |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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April 21, 2016, 05:54:39 PM |
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Where are the trains and the rockets guys?  Too happy, can't roar |
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BetLotto
Newbie
Offline
Activity: 10
Merit: 0
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April 21, 2016, 05:55:19 PM |
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CHOO CHOOO!
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PoolMinor
Legendary
Offline
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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April 21, 2016, 06:02:01 PM
Last edit: April 21, 2016, 06:42:35 PM by PoolMinor |
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Just around the corner.........  |
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brg444
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April 21, 2016, 06:20:05 PM |
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$GBTC trading at nearly $700/BTC
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DaRude
Legendary
Offline
Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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April 21, 2016, 06:28:21 PM |
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Damn it was off on the poll by one day! Can we get a new poll now? We need a new target |
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Tzupy
Legendary
Offline
Activity: 2198
Merit: 1094
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April 21, 2016, 06:39:33 PM |
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Damn it was off on the poll by one day! Can we get a new poll now? We need a new target I realized now that I also voted >450, I must have been drunk, like in Trading Under Influence...  |
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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April 21, 2016, 06:46:08 PM |
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JayJuanGee
Legendary
Offline
Activity: 4200
Merit: 12866
Self-Custody is a right. Say no to "non-custodial"
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April 21, 2016, 06:54:46 PM |
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...
2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point.
I had the same thing happen on Venmo... those fuckers. Â It's not about the money, it's about sending a message I don't know whether I should feed any trolls, yet if you could explain your amorphous response causing it to become less amorphous, that would be great.  |
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Poll
