For the love of God can some exchange please let me buy XMR with US Dollars. I mean really, I hate Bitcoin transaction speeds. Over an hour now to transfer BTC from Coinbase to HitBTC. Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster. Ok rant over.
I'm with you 100% on this!
For the love of God can some exchange please let me buy XMR with US Dollars. I mean really, I hate Bitcoin transaction speeds. Over an hour now to transfer BTC from Coinbase to HitBTC. Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster. Ok rant over.
Actually, that would not speed transactions because the same average number of blocks would be found per hour.
What you really are ranting about is block size...
Potato, patato the point is BTC is Worthless to us.
For the love of God can some exchange please let me buy XMR with US Dollars. I mean really, I hate Bitcoin transaction speeds. Over an hour now to transfer BTC from Coinbase to HitBTC. Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster. Ok rant over.
. FWIW be careful with hitbtc. I have had coins locked up over there for days before.
Yeah when I was doing my diligence I found that exchange to be an unacceptable risk, the same as craptsy that most of us were warning about while people we scampering to get us on there.
Coinbase creates two (apparently low-fee) tx for every BTC withdrawal. They are flooding the system to push the Classic agenda.
Solution? Stop using CoinBank!
I have but we really need a trustworthy pairing outside of fincen for the long run. Even if it is just BTC/XMR.
I was thinking the other night about something that could possibly fix this issue, in a "thinking outside the box" type of way. When thinking about this, I was thinking "for the sake of anonymity"
rather than the cost of how to do something like this.
It is no doubt that the most anonymous way to buy Bitcoins is to buy in cash. People are sometimes hesitant to do something like this, because that would have to involve a high amount of trust to the seller that the person won't just rob you and probably would be hard to coordinate a time and place that would satisfy both the buyer and the seller... and so on.
The better suggestion would be then to tell someone to go to a Bitcoin ATM. Problem with this is the obvious one that there are usually no Bitcoin ATM's in someones location and that person would have to travel hundreds of miles to go somewhere, usually a big city, that has one of these things at some store.
So here is what I was thinking:
Now I know that this would require some initial investment from the buyer... but here it goes.
What if you could order a small "safe" that could be shipped to someones house that is capable of hooking up to wifi or just a direct internet connection. It could be shipped via UPS to someones door or P.O. box, and then you can use that "safe" to connect to some theoretical exchange site; where you can insert fiat into the machine (kind of like a vending machine) that allows you to "purchase" XMR.
Each time you insert
X amount of fiat in the machine, it allows you to purchase
Y amount of XMR in USD/XMR; rather than BTC/XMR through the exchange
at that specific point in time. You can keep the machine as long as you'd like, and while you keep the machine, every XMR you purchase will be kept in cold storage held by the exchange. Then when you feel like "cashing in" on all the XMR you have purchased, you can ship back your "safe" to the exchange address. Finally the people at the exchange would be able to check that the safe hasn't been tampered with and also that the correct amount of fiat is in the safe; which then afterward they will release XMR to your specified address.
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I know this would require some initial investment on part of the people who would want to run an exchange (plus the people wanting to purchase XMR) like this; but I feel like this would be an absolute
killer way to purchase XMR, and cryptocurrencies in general; which would be purchased with spare cash they have on hand, not having to deal with banks, somewhat anonymous (especially when sending to a P.O box), etc.
Could just be a pipe dream I had though... whatever, I thought I would share with you guys though.
At this point in the game I'm not worried about the anonymity of my purchases as much as being able to make them.
I like your outside the box thinking but someone would just rip off the box.
Well the scenario that hedge fund managers even taking the time to listen to someone promoting an altcoin to bitcoin, which is regarded as a criminal tool used to buy drugs, guns, etc; is just as highly unlikely as well. Theoretically speaking, I would think talking to someone in a more conservative manner while presenting facts about the pros and cons of XMR looks better than promising 1000X per investment right off the bat... looks less like a scam in my mind, and I would think the same for investors who have no idea what the uses for cryptos are; besides what the media portrays.
If it's one thing I've learned through life, It's that pencil pushing moneymen could give a shit less what something is being used for as long as they can get their cut. Where did you get that stupid idea that these people have morals?
Cash to XMR is already available using AltQuik (sp?) as long as you are not in New York
Purchase book has very limited amount for sale. It's not a portal but a OTB site.
https://www.altquick.co/buy-2.php?coin=XMRAlso to buy 1k this is not remotely close to a fair buy.
XMR for sale: 1167.968666
( 387.064831 minimum purchase)
USD required: 1357.8756
XMR / USD : 1.162596
Does anyone know what it would take to make this happen on our own? A member TheKoziTwo I think ran one first but closed when we got on Polo if I am remembering the facts straight. Maybe he could help?
