Bitcoin Forum
November 09, 2024, 09:17:43 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Streamlined purchasing of BTC for fiat, could we find a (secure) remedy to this?  (Read 1069 times)
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 12:57:24 AM
 #1

I personally don't mind the extended time of being verified so I can watch the market and absorb as much information as possible about BTC before I am verified on MtGox.

But it does seem to be a barrier for the less patient(read as everyday consumer) that they have to go through multiple steps other than just punching in their debit card information in exchange for some bitcoin goodness.

Today, when the price dropped to 104, I almost pooped myself, not because of the oppurtunity of buying low and selling high, but because of the fact that I could scoop up some coins to use for a little bit cheaper then the 120 wall I thought would continue to persist.

But, I'm 2 weeks in still waiting to get verified by GOX to use some funds from dwolla. But that's all good, I see no quick demise for BTC in the near future, and paying a little more later on doesn't bother me too much.

BUT before I digress further I see this being a problem for the mast majority of new comers to BTC, such as many of my co-workers that only see this as an investment opportunity akin to a "stock" in their mind. My question is, how do we make this as accessible as say a transaction on steam or paypal?

I think a great business venture would be to streamline the concept of bitcoin and the process of obtaining/using bitcoin to the point that it's easy enough for your co-worker who thinks a server is down because it doesn't respond to ping to understand.

A sort of "Shapes and Colors" website for BTC, with pretty buttons and minimal user input
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 01:04:22 AM
 #2

If no one replies, but I keep get views, can I use this as a soapbox for my thoughts on bitcoin?

I think the name itself has an intricate appeal

BIT COIN

It's simple, yet implies the collision of the archaic with the future.

It's also syllabically appealing
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 01:07:01 AM
 #3

Any else have the app for your phone just because you always want to know what the market is doing even if you don't intend to buy or sell?
BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1137

All paid signature campaigns should be banned.


View Profile WWW
May 02, 2013, 01:12:43 AM
 #4

https://localbitcoins.com is pretty easy and streamlined.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 01:14:08 AM
 #5

https://localbitcoins.com is pretty easy and streamlined.

If they don't take cash or paypal, the other methods still require verification to some extent
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 01:15:31 AM
 #6

Also bitinstant is going the right way, but for INSTANT coins you have to go to a retailer.

You can't underestimate the average consumers impatience
BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1137

All paid signature campaigns should be banned.


View Profile WWW
May 02, 2013, 01:33:13 AM
 #7

How about this:  https://bitcointalk.org/index.php?topic=188554.0

I don't think it can be done faster and easier than an ATM that takes cash and spit out BTC.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
virtualfaqs
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile WWW
May 02, 2013, 01:59:18 AM
 #8

https://localbitcoins.com is pretty easy and streamlined.

If they don't take cash or paypal, the other methods still require verification to some extent

If they take PayPal without verification, they're doing it wrong.

https://twitter.com/virtualfaqs
Looking for altcoin pump advice? Then follow me.
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 02:04:23 AM
 #9

How about this:  https://bitcointalk.org/index.php?topic=188554.0

I don't think it can be done faster and easier than an ATM that takes cash and spit out BTC.

I've seen the ATM, while it is awesome, isn't that going the opposite way that we want?

"O man did you here about this sweet new digital currency?"

....

"We can totally go trade our (fiat) money in at the ATM down the road JUST LIKE the ATM we've always used, except this time there's all sorts of terminology we don't understand AND we get nothing physical in return except a piece of paper with a very long and cyptic key on it!"

- Average consumer
solidshotnosh (OP)
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250



View Profile
May 02, 2013, 02:04:33 AM
 #10

hear*
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!