JackSparrow
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May 01, 2011, 01:05:47 PM |
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Do you still give OTC-Ratings?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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error
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May 01, 2011, 01:15:52 PM |
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From the little I understand, I don't think mndrix's service can scale very well unless he can exchange in both directions.
Reloadable debit cards come to mind, though you have the problem of getting one into someone's hands.
Yes, but that would partly be solved by accepting Ukash/PSC/Wallie/Creditcard, and giving out gift cards for various different stores plus potentially VCCs. I can't take a virtual card number to the grocery store. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Drifter
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May 01, 2011, 01:50:50 PM |
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otc needs a web interface. irc isn't for everyone  +1! I really wish this was possible. OTC could be a phenomenal market but they're cutting off a very large portion of internet users who do not know IRC well(90%+ of users). |
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m0mchil
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May 01, 2011, 02:00:49 PM |
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But... PayPal seems to tolerate other currencies and exchanges. See Virwox for example. What are the differences compared to CoinPal? |
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deadlizard
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May 01, 2011, 02:07:31 PM |
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But... PayPal seems to tolerate other currencies and exchanges. See Virwox for example. What are the differences compared to CoinPal? I wouldn't pretend to know PayPal's motivations but it looks more like an otc exchange. |
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Satori
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May 01, 2011, 02:12:27 PM
Last edit: May 01, 2011, 04:28:57 PM by Satori |
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From the little I understand, I don't think mndrix's service can scale very well unless he can exchange in both directions.
Reloadable debit cards come to mind, though you have the problem of getting one into someone's hands.
So what you'd need is some kind of ATM access. There's probably a local credit union somewhere with an online presence willing to allow online bill pay to a BitCoin to USD exchange site. Also, there are purely online banks now. The cards they send work with ATMs. The rest is done online. Univest is one. Green Dot cards are reloadable at 7-11s. Wonder if they have an API that BitCoin site could use to accept Green Dot-loaded funds. Someone out there will appreciate the new business that BitCoin can bring them. [EDIT: If organizations have difficulty with the concept of BitCoin as rival currency, perhaps you would find it easier to describe it as a digital commodity. When businesses like credit unions think of BitCoin as that can be bought and sold online, like groceries, the mental aversion is very likely to disappear.] Be well, - Satori |
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EvanR
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May 01, 2011, 02:55:05 PM |
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For all the people who said that they can no longer get fiat money for BTC because they can only use paypal:
I'm currently advocating two services, alertpay and dwolla. Both of these are as easy to set up as paypal, differences follow.
Alertpay will eventually treat bitcoins like paypal does and shut you down. However they haven't reacted yet as far as I know. So this is a good stepping stone in the river of opposition. Also has saner international currency handling than paypal.
Dwolla will eventually treat bitcoins like paypal does and shut you down. However the community opinion is they will take much longer to do that. Dwolla also has lower fees. The downside is that it is American USD only, American bank accounts only.
I accept both of these now as payment, and at this stage it would be good for basically everyone to switch in order to avoid paypal.
We will re-evaluate once alertpay and dwolla attempt to bust bitcoins balls.
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EvanR
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May 01, 2011, 03:36:06 PM |
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#bitcoin-otc  |
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deadlizard
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May 01, 2011, 03:42:15 PM |
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Alertpay
EPIC FEES. $5 for a bank transfer? Paypal didn't charge a fee to deposit or withdraw #bitcoin-otc Just registered, but I stand by my earlier comment |
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EvanR
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May 01, 2011, 03:49:30 PM |
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$5? I didn't pay that much when I did a test deposit. I guess it depends on your bank. And your country. I deposited for free.
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Ulysses
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May 01, 2011, 04:12:48 PM |
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mndrix, can you 1) Apply for merchant account with your bank (and implement the same security paypal uses - charging the small amount and then entering the confirmation code). Plus if you add sms confirmation, i think you'll get a much lower than your current 1.5% chargeback rate. If you don't have time to program this, than i can help and you will handle only financial issues. 2) To send money in the reverse direction - use direct transfer to visa and mastercard. It works well outside US, and as far as i can see supported in US now too: http://www.ecommercez.net/featured/visa-now-you-can-direct-money-transfer-between-credit-card/I think you will need to apply for money transfer license, but i think it worth it. I think community will be able to raise fund for license cost. |
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deadlizard
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May 01, 2011, 04:16:12 PM |
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Plus if you add sms confirmation ...
people without phones can't use it (like me  ) |
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Ulysses
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May 01, 2011, 04:30:37 PM |
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people without phones can't use it (like me ) You probably don't have a card too and can't use it anyway? |
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TiagoTiago
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May 01, 2011, 04:32:22 PM |
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Can you use Google Voice for the sms confirmation thingy?
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX  The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar! |
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deadlizard
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May 01, 2011, 04:36:23 PM |
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people without phones can't use it (like me ) You probably don't have a card too and can't use it anyway? Just because I don't have any use for a phone doesn't mean I can't get a visa pre-paid card if it was useful.  |
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pera
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バカ
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May 01, 2011, 04:50:24 PM |
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why paypal freezes everything? :S Plus if you add sms confirmation ...
people without phones can't use it (like me ) and me.. |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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trentzb
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May 01, 2011, 05:17:18 PM |
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Regardless of whether or not the department that gave you permission to trade BitCoins was authorized to, you have their permission. In commerce law, this is referred to as "principal and agent". The agent (say a teller at a bank) is understood to represent the principal (the bank manager) and vice-versa. If they misrepresent, it's the bank that must keep its word to you - not you that must be inconvenienced by the bank. Same goes here.
This is only applicable and useful if you have evidence to support such permission. Satori is absolutely right that the agent(s) represent the entity and thus if they misrepresent the entity the entity is liable for such misrepresentation. Without evidence of the misrepresentation it would be foolish to enter a court and attempt to hold the entity responsible. Always collect evidence when interacting with PayPal and similar companies. It is perfectly legal to record a telephone conversation with PayPal and many other companies without notifying them you are recording (in ALL US states) and such recording can be used as evidence in court. In 1992 a real court ruled that PayPal couldn't include that proviso, because it fraudulently convinced Paypal users that they had no access to real courts as a result. Last I checked a few months ago, the proviso was still in PayPal's EULA despite the court ruling.
Are you sure that was 1992? |
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Fiyasko
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Okey Dokey Lokey
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May 01, 2011, 05:32:00 PM |
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otc needs a web interface. irc isn't for everyone I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously. |
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JackSparrow
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May 01, 2011, 05:39:24 PM |
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I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously.
Then learn to use it. Sending and receiving singed and encrypted messages is not big deal. |
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mewantsbitcoins
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May 01, 2011, 06:25:30 PM |
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I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously.
Then learn to use it. Sending and receiving singed and encrypted messages is not big deal. What's more, it may prove very useful in the near future |
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