Zealots and Criminals, Is no one using bitcoin for legitimate purchases?

[Stampbit]

There is another group that cannot use credit cards:  People living outside their own countries.  Credit doesn't follow you outside of your home country.  If you are visiting on a temporary basis you may pay it when you get back or over the Internet but in the long term credit cards are not convenient for say an Indian Exchange Student studying in Australia.  How does he pay his credit card?  He must leave a large amount in India that he might need in Australia or pay large fees to transfer if he needs to make a purchase over the Internet.

Now there's Bitcoin.

You would think for being global these credit card companies could handle these sort of things.

[CasinoBit]

[BitChick]

There is another group that cannot use credit cards:  People living outside their own countries.  Credit doesn't follow you outside of your home country.  If you are visiting on a temporary basis you may pay it when you get back or over the Internet but in the long term credit cards are not convenient for say an Indian Exchange Student studying in Australia.  How does he pay his credit card?  He must leave a large amount in India that he might need in Australia or pay large fees to transfer if he needs to make a purchase over the Internet.

Now there's Bitcoin.

Interesting.  I do think that Bitcoin's greatest benefit is the fact it provides solutions to many global problems.  With the way the world is, thanks to the internet, ease of travel, international business and so on, the need for banking to become more global as well is behind the curve and Bitcoin is a great option for these issues.

[induktor]

Quote: No one wants to take any risk when they have cheap, easy, safe, fiat.

LMAO!!!!! 
Yeah right!
The guy who wrote this, surely doesn't live in south america.
our currency is so crappy and unstable that every single business is calculated in dollars or euros, and even that, we have 4 different prices for them, official exchange rate, export exchange rate, black market (goverment controlled) exchange rate (yeah, it is ridiculous! but true!, government controls the black market rate too (or at least they say so hehe)) and true black market exchange rate.

Pay with credit scam (sorry, credit card) is a pain, tons of checks, credit card company holds, ridiculous fees, ridiculous exchange rates (they do as they fit)
I don't EVEN want to begin to talk about paypal!.

I can go on for hours with this.

bitcoin is great!, I buy whatever i want, whenever i want NOW, no limitations, no problems, no nothing, just put the fucking amount, press sent and that's it!, MAN IT IS FANTASTIC!

Only an idiot could not see the revolution bitcoin is, if at least used it once!.

I also had doubts when I first came in contact with cryptos, but give it a chance, and loved it!.

[Stampbit]

Quote: No one wants to take any risk when they have cheap, easy, safe, fiat.

LMAO!!!!! 
Yeah right!
The guy who wrote this, surely doesn't live in south america.
our currency is so crappy and unstable that every single business is calculated in dollars or euros, and even that, we have 4 different prices for them, official exchange rate, export exchange rate, black market (goverment controlled) exchange rate (yeah, it is ridiculous! but true!, government controls the black market rate too (or at least they say so hehe)) and true black market exchange rate.

Pay with credit scam (sorry, credit card) is a pain, tons of checks, credit card company holds, ridiculous fees, ridiculous exchange rates (they do as they fit)
I don't EVEN want to begin to talk about paypal!.

I can go on for hours with this.

bitcoin is great!, I buy whatever i want, whenever i want NOW, no limitations, no problems, no nothing, just put the fucking amount, press sent and that's it!, MAN IT IS FANTASTIC!

Only an idiot could not see the revolution bitcoin is, if at least used it once!.

I also had doubts when I first came in contact with cryptos, but give it a chance, and loved it!.

Interesting that even when using dollars foreign countries would still have different exchange rates for them, you would think arbitrage would settle those differences.  Bitcoin does solve alot of problems but its still very expensive for both buyer and seller, at least in developed countries where fiat does have definite advantages.

[crumbs]

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Interesting that even when using dollars foreign countries would still have different exchange rates for them, you would think arbitrage would settle those differences.  Bitcoin does solve alot of problems but its still very expensive for both buyer and seller, at least in developed countries where fiat does have definite advantages.

BTC=$97 Gox, $87 BTC-E, $92 Bitstamp.
Arbitrage, anyone?

[QuestionAuthority]

...
Interesting that even when using dollars foreign countries would still have different exchange rates for them, you would think arbitrage would settle those differences.  Bitcoin does solve alot of problems but its still very expensive for both buyer and seller, at least in developed countries where fiat does have definite advantages.

BTC=$97 Gox, $87 BTC-E, $92 Bitstamp.
Arbitrage, anyone?

Sure, just tell me how to quickly cash out and buy in.

[crumbs]

...
Interesting that even when using dollars foreign countries would still have different exchange rates for them, you would think arbitrage would settle those differences.  Bitcoin does solve alot of problems but its still very expensive for both buyer and seller, at least in developed countries where fiat does have definite advantages.

BTC=$97 Gox, $87 BTC-E, $92 Bitstamp.
Arbitrage, anyone?

Sure, just tell me how to quickly cash out and buy in.

I was sort-a poking fun at the snippet i quoted

[QuestionAuthority]

...
Interesting that even when using dollars foreign countries would still have different exchange rates for them, you would think arbitrage would settle those differences.  Bitcoin does solve alot of problems but its still very expensive for both buyer and seller, at least in developed countries where fiat does have definite advantages.

BTC=$97 Gox, $87 BTC-E, $92 Bitstamp.
Arbitrage, anyone?

Sure, just tell me how to quickly cash out and buy in.

I was sort-a poking fun at the snippet i quoted

oic 

[Littleshop]

I have done hundreds of shipped transactions of stickers and shirts.   I am not sure why people think it is not used for legitimate purposes. 

[CoinsForTech]

We launched our store the beginning of this month and have since done over 15BTC worth of sales. While this is not a great deal for a store of our size, we are ecstatic with our reception thus far and can only see our sales increasing as we develop a trusted name.

There is a definite demand for goods and services using bitcoin, just remember who your target audience is. The majority of bitcoin users are male, tech-savvy and between 20-30 years old. If your products suit this demographic, and if you market them as a trustworthy and honest vendor, I see no reason why you can't achieve success.

[franky1]

the main reason people think its not used for many legit things is simple.

LACK OF ADVERTISING

i look on all of those map websites advertising bitcoin businesses and yet i do not see very many, which is strange because i know of many bitcoin businesses that are in certain area's that are not on these maps.

there also needs to be a bitcoin edition of 'yellow pages' where it lists all the businesses.

take for instance foodler, they have Food delivery from over 12,630 top-rated restaurants. all indirectly accepting bitcoin. yet i do not see 12k restaurants listed on the maps

[veteranBtc]

The evolution of Bitcoin is pretty crazy.

It was expected to happen less good things with the creation of this untraceable method of payment.

Isn't that right?

[TheFootMan]

is there anyone using the internet, the banking system or the road for legitimate purposes? I've heard lot's of tax evaders use the interstate highway system, and child molesters too. I think the govt should either

1. ) Search every car utilizing the interstate highway system in the name of national security.
2. ) install cameras in every car, which can be monitored by the new NSA data centers.
3. ) Shut down all roads and put up check points manned by the TSA, and only permit cars with a license to pass through, and naturally you'd need a separate license for each state, and for each type and brand of car.

If all else fails, just nuke all the highways from Orbit to make sure.

[andrewk529]

You can't always blame poor business on one factor alone.Marketing is a huge aspect of any business.

[CasinoBit]

is there anyone using the internet, the banking system or the road for legitimate purposes? I've heard lot's of tax evaders use the interstate highway system, and child molesters too. I think the govt should either

1. ) Search every car utilizing the interstate highway system in the name of national security.
2. ) install cameras in every car, which can be monitored by the new NSA data centers.
3. ) Shut down all roads and put up check points manned by the TSA, and only permit cars with a license to pass through, and naturally you'd need a separate license for each state, and for each type and brand of car.

If all else fails, just nuke all the highways from Orbit to make sure.

The funny thing is that you see Americans make ridicule of North Korea yet they are subjected to the very same kind of propaganda and the scary part is that they actually believe it.

When the government busts businesses like Liberty Reserve it's not because they don't want people to launder money, it's because they want people to launder money using THEIR freelancers (e.g. the Wall Street) at heightened rates. They are this giant 5000lbs mammoth sitting on your neck and drinking your blood and killing competing mosquitos that happen to want an insignificant part of the action.

[TheFootMan]

The funny thing is that you see Americans make ridicule of North Korea yet they are subjected to the very same kind of propaganda and the scary part is that they actually believe it.

When the government busts businesses like Liberty Reserve it's not because they don't want people to launder money, it's because they want people to launder money using THEIR freelancers (e.g. the Wall Street) at heightened rates. They are this giant 5000lbs mammoth sitting on your neck and drinking your blood and killing competing mosquitos that happen to want an insignificant part of the action.

Extremely well put!

[Gabi]

/thread

[fendlestick]

www.coingas.com and www.cryptosextoys.com do it right! Did a great trade over the Steam sales period, I take payment directly, handle the conversions and can ever cash out at a profit!

It's possible but you need to really work on the back end more than the front to get your money out.  Maybe being UK based helps also.

[Stampbit]

You can't always blame poor business on one factor alone.Marketing is a huge aspect of any business.

True especially for internet businesses, however it is expensive and given the niche market that is bitcoin it is risky to invest when there are just not enough people using it much less for legal or ethical purposes.