majamalu
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March 13, 2012, 01:04:51 AM |
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Accusations of money laundering in 3, 2, 1...
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Whoever mines the block which ends up containing your transaction will get its fee.
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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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Rassah (OP)
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March 13, 2012, 03:26:55 AM |
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I don't think the point that "Venmo uses fiat" is going to win anyone over. No one really cares. People only care about how easy it is to covert what comes in as paychecks into stuff they can buy to make themselves happy. I guess global convenience is the main major selling point to push now.
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majamalu
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March 13, 2012, 05:13:26 AM |
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People only care about how easy it is to covert what comes in as paychecks into stuff they can buy to make themselves happy.
What if they want something that their government forbids them? EDIT: For example, protecting their purchasing power, donating to a certain organization, gambling online, etc..
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FreeMoney
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Strength in numbers
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March 13, 2012, 05:43:15 AM |
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People only care about how easy it is to covert what comes in as paychecks into stuff they can buy to make themselves happy.
What if they want something that their government forbids them? EDIT: For example, protecting their purchasing power, donating to a certain organization, gambling online, etc.. +1 Show me Venmo to online poker in minutes and I'll be worried.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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Andrew Vorobyov
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March 13, 2012, 09:18:17 AM |
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Ok.. somebody please contact MTGOX and ask them to implement it as withdraw option like Rassah Said
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Rassah (OP)
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March 13, 2012, 01:35:42 PM |
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People only care about how easy it is to covert what comes in as paychecks into stuff they can buy to make themselves happy.
What if they want something that their government forbids them? EDIT: For example, protecting their purchasing power, donating to a certain organization, gambling online, etc.. I'm not disputing that Bitcoin will still have niche markets. I'm still very long Bitcoin, too. Just that the biggest advantage people were trying to sell to others (easy free money transfers) is now gone. With this, it's now basically a hacker's currency.
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BadBear
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March 13, 2012, 01:43:42 PM |
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I'd think of it as more of a stepping stone, not a roadblock.
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majamalu
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March 13, 2012, 05:12:39 PM |
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People only care about how easy it is to covert what comes in as paychecks into stuff they can buy to make themselves happy.
What if they want something that their government forbids them? EDIT: For example, protecting their purchasing power, donating to a certain organization, gambling online, etc.. I'm not disputing that Bitcoin will still have niche markets. I'm still very long Bitcoin, too. Just that the biggest advantage people were trying to sell to others (easy free money transfers) is now gone. With this, it's now basically a hacker's currency. No need to wait for the death of the dollar. The black market is not a niche: it is huge, and growing rapidly.
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Rassah (OP)
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March 21, 2012, 01:23:42 AM |
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I got that e-mail a few days ago, too. Was actually very happy to hear that
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EuSouBitcoin
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March 21, 2012, 05:21:46 PM |
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I see Venmo as another service in an already crowded field of competitors offering services to transfer USD, either with fees or without. The market is splintered and for each service you need to set up another account. All of these services are subject to chargebacks. How is Venmo any different from these services which have mobile apps you can use to send USD 1) PayPal 2) Chase QuickPay https://www.chase.com/online/services/quickpay.htm3) ING Direct's P2p2 http://home.ingdirect.com/products/htmls_content/demo_p2p.htmlHow will all of this shake out? Probably some consolidation, but around which service, who knows?
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You can't win if you don't play. But you can't play if you lose all your chips. First I found bitcoin (BTC). Then I found something better, Monero (XMR). See GetMonero.org
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Rassah (OP)
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March 21, 2012, 09:16:23 PM |
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I see Venmo as another service in an already crowded field of competitors offering services to transfer USD, either with fees or without. The market is splintered and for each service you need to set up another account. All of these services are subject to chargebacks. How is Venmo any different from these services which have mobile apps you can use to send USD 1) PayPal 2) Chase QuickPay https://www.chase.com/online/services/quickpay.htm3) ING Direct's P2p2 http://home.ingdirect.com/products/htmls_content/demo_p2p.htmlHow will all of this shake out? Probably some consolidation, but around which service, who knows? At this point, it's pretty much PayPal (if you use the gift option), so I'm not worried. Before this recent change, being able to add any source of funds, including credit cards, and transfer money back and forth for free (my friends were tossing $0.01 back and forth all day for the hell of it) made it stand out quite a bit. I guess doubters were right, that system was unsustainable. Don't forget, for Bitcoin to be useful, you also need to set up another account (Gox, Dwolla, Bit-Pay, etc)
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Stephen Gornick
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March 21, 2012, 11:24:45 PM Last edit: March 26, 2012, 09:58:40 PM by Stephen Gornick |
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There are multiple categories of mobile apps that send USD. The categories are: - Mobile banking - Mobile e-commerce - Mobile money transfer - Mobile payment Excluding the mobile banking apps (which nearly every major bank offers) and the B2B and B2C-only mobile payment apps (e.g., the Starbucks payment app, Google Wallet, TabbedOut, Jumio Netswipe, LevelUp/Scvngr, BokU, etc.) then your list also would include: 4.) Serve (AmEx) 5.) Dwolla 6.) Venmo 7.) AlertPay 8.) Skrill / MoneyBookers 9.) Clover 10.) HyperWallet 11.) Slash8 App 12.) Klunki 13.) KuaPay 14.) OpenCuro 15.) Boom (m-Via) 16.) Square 17.) GoPayment (Intuit) 18.) PAYware (Verifone) 19.) Stripe (to some degree can be P2P) 20.) WePay (to some degree can be P2P) And that's just USD or primarily for the U.S. Then there are: 21..) PayFirma (like Square, but Canadian) 22.) PingIT (Barclay's - UK) 23.) OboPay 24.) M-Pesa (Kenya) 25.) AirTel App (India) 26.) GCash (Philippines) 27.) Smart Money (Philippines) and ... oh, a slew of others around the world. The one thing they all have in common? They are all basically methods to do what banks themselves haven't been doing. They exist to reduce some of the friction of working with the banking system. Some day they'll see major competition from apps that link to bitcoin (or will incorporate that functionality themselves.)
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