Bitcoin Forum
November 21, 2017, 04:34:50 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: SR and others & MtGox problems  (Read 1486 times)
bitcodo
Hero Member
*****
Offline Offline

Activity: 509

Can't upload avatar


View Profile
July 26, 2013, 04:51:24 PM
 #1

How can SR and other business dependent on BTC work in this situation? Will they just switch to BitStamp? Any of you dependent on BTC-fiat exchange? It doesn't look very business-friendly environment.
1511238890
Hero Member
*
Offline Offline

Posts: 1511238890

View Profile Personal Message (Offline)

Ignore
1511238890
Reply with quote  #2

1511238890
Report to moderator
1511238890
Hero Member
*
Offline Offline

Posts: 1511238890

View Profile Personal Message (Offline)

Ignore
1511238890
Reply with quote  #2

1511238890
Report to moderator
1511238890
Hero Member
*
Offline Offline

Posts: 1511238890

View Profile Personal Message (Offline)

Ignore
1511238890
Reply with quote  #2

1511238890
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
July 26, 2013, 04:55:27 PM
 #2

How can SR and other business dependent on BTC work in this situation? Will they just switch to BitStamp? Any of you dependent on BTC-fiat exchange? It doesn't look very business-friendly environment.

maybe they can just switch to bitcoin! and not have to deal with MtGox or BitStamp  Cool

bitcodo
Hero Member
*****
Offline Offline

Activity: 509

Can't upload avatar


View Profile
July 26, 2013, 04:59:04 PM
 #3

codesuela
Member
**
Offline Offline

Activity: 66


View Profile
July 26, 2013, 04:59:12 PM
 #4

I don't think SR cares, their operational costs are likely minuscule compared to the profits it generates and if was a vendor I wouldn't be using Mt. Gox at all but rather localbitcoins, #bitcoin-otc or another bitcoin to cash service.

The people who sell legal goods are screwed but they have been between a rock and a hard place for a long time with the wild price fluctuations and all. Accepting Bitpay who instantly convert your coins to USD seems like the only viable option. Bitpay probably has accounts across all major exchanges (Bitstamp, Gox, Tradehill, Campbx) and maybe private partners who are willing to take the coins of their hands.
Ploo
Full Member
***
Offline Offline

Activity: 125


View Profile
July 26, 2013, 07:21:03 PM
 #5

I don't think the SR operators or vendors put their proceeds through mtgox or bitstamp. When they're forced to get ahold of fiat they'll use something a little more suitable to the task - cash, perhaps.
bitcodo
Hero Member
*****
Offline Offline

Activity: 509

Can't upload avatar


View Profile
July 26, 2013, 08:49:08 PM
 #6

So for now it should be person to person transactions (BTC to fiat and vice versa), but how about volume and liquidity? In few years we would not have any fiat (just BTC), so this would not be a problem.  Wink

We should have business-friendly environment, not hostile one.

It is easier for me to exchange
mushrooms

for biodisel directly,

as to use bitcoin as intermediate.

Or bitcoin is not realy a mean to trade. No real economy. Just speculation.
rampantparanoia
Sr. Member
****
Offline Offline

Activity: 420



View Profile
July 26, 2013, 08:56:35 PM
 #7

So for now it should be person to person transactions (BTC to fiat and vice versa), but how about volume and liquidity? In few years we would not have any fiat (just BTC), so this would not be a problem.  Wink

We should have business-friendly environment, not hostile one.

It is easier for me to exchange
mushrooms

for biodisel directly,

as to use bitcoin as intermediate.

Or bitcoin is not realy a mean to trade. No real economy. Just speculation.

flawed. what if i only want 1 mushroom and you want 40 gallons of biodiesel? what if, for that 40 gallons, you would really need to give me 5 mushrooms? i don't want the extra 4 shrooms.


also... for my uneducated ass, can you please define what SR is?

bitcodo
Hero Member
*****
Offline Offline

Activity: 509

Can't upload avatar


View Profile
July 26, 2013, 09:06:43 PM
 #8

SilkRoad

You're talking about theory. I speak from experience.

And this is my point - people prefer to trade with a concrete thing and not with virtual coin on your computer.
But of course I agree that at the end it is easier with an intermediary - money - currency.
Impaler
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 27, 2013, 08:04:30 AM
 #9


flawed. what if i only want 1 mushroom and you want 40 gallons of biodiesel? what if, for that 40 gallons, you would really need to give me 5 mushrooms? i don't want the extra 4 shrooms.


also... for my uneducated ass, can you please define what SR is?

Actually with the recent invention of the knife Mushrooms are now be divided to several decimal places.

FRC:  18mAGEto3xZzfKNJPwsDVA5c2Fk5Za3nbs  http://www.freicoin.org  IRC:  Freenode #freicoin
rampantparanoia
Sr. Member
****
Offline Offline

Activity: 420



View Profile
July 27, 2013, 08:39:41 AM
 #10


flawed. what if i only want 1 mushroom and you want 40 gallons of biodiesel? what if, for that 40 gallons, you would really need to give me 5 mushrooms? i don't want the extra 4 shrooms.


also... for my uneducated ass, can you please define what SR is?

Actually with the recent invention of the knife Mushrooms are now be divided to several decimal places.

Lmao +1

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!