Bitcoin Forum
December 08, 2016, 12:12:42 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: What do businesses and customers actually need from digital currency?  (Read 1981 times)
repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
September 11, 2011, 07:36:59 AM
 #21

Tradehill and MtGox should both take cash directly via local banks like exchangebitcoins.com does.  Dwolla should be discouraged for any transactions- it only exacerbates the problems with value fluctuations because it is so incredibly time-consuming and inefficient.

What kills a business is lack of CASH FLOW.  If you can't define this term, don't make any smart-ass comments on my post because you don't "get it".

TradeHill and MtGox have both run into problems with trying to accept cash deposits through local banks - TradeHill in Australia and MtGox in France.  Australia has a banking system which transfers funds rapidly but it has very tight AML and counter-terrorism financing laws.  They have to identify their customers to their bank or risk their account being frozen without notice.

I'm sure that the exchanges realise that the amount of time and effort it takes people to get funds into and out of their exchange accounts is hurting their business, but so far no-one seems to have found a simple way for them to make the process faster without running into problems with local laws somewhere.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
1481199162
Hero Member
*
Offline Offline

Posts: 1481199162

View Profile Personal Message (Offline)

Ignore
1481199162
Reply with quote  #2

1481199162
Report to moderator
1481199162
Hero Member
*
Offline Offline

Posts: 1481199162

View Profile Personal Message (Offline)

Ignore
1481199162
Reply with quote  #2

1481199162
Report to moderator
1481199162
Hero Member
*
Offline Offline

Posts: 1481199162

View Profile Personal Message (Offline)

Ignore
1481199162
Reply with quote  #2

1481199162
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
mp420
Hero Member
*****
Offline Offline

Activity: 501


View Profile
September 11, 2011, 08:24:30 AM
 #22

The one business I'm involved in might have some use for bitcoin.

What would be moderately useful would be an EU-based trusted third party that would process payments in BTC and then wire the payments (in EUR) over SEPA.

What would be EXTREMELY useful would be a US-based trusted third party that would take payments in BTC and issue (USD-denominated) cheques drawn on US banks (so that the cheque numbers could be used to make "electronic cheque" payments to US vendors who only accept them). Doing business with US companies is major PITA without a US bank account.
David M
Sr. Member
****
Offline Offline

Activity: 476


View Profile
September 11, 2011, 09:17:01 AM
 #23

Can you, as a business owner list at least one BTC feature, that helps you to start using it daily?

Price stability or a decently priced futures market (I'll just cope with an options market).*

Can you, as a consumer (customer) write down a feature you must have, so you can actually use bitcoins in every day life?

Nothing**


* I would like the protocol to be able to carry miscellaneous "meta data" for a transaction.  To allow more "transparency" and source verification for specific transactions if warranted. e..g Payment for goods. (Order Number, Name, etc..).
** I lied.  More buying choice and a thousand more competitors to the Silk Road.
Vitalik Buterin
Sr. Member
****
Offline Offline

Activity: 331


View Profile
September 11, 2011, 09:36:22 AM
 #24

The ability to include a short message with a transaction. The sheer amount of unnecessary back-and-forth that people have had to do because of the lack of this simple feature is mind-boggling.

Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.
nhodges
Sr. Member
****
Offline Offline

Activity: 308


View Profile
September 11, 2011, 09:46:16 PM
 #25

With services such as Bit-Pay now in existence, Bitcoin can simply be used as a monetary medium/vehicle than an actual currency; this means there's no excuse for any business owner not to accept Bitcoin! It's free money! (Well, you still have to provide your product/service.)

Pages: « 1 [2]  All
  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!