|
malaimult
|
 |
October 06, 2014, 09:08:25 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
|
|
|
|
BitCoinDream
Legendary
Activity: 2436
Merit: 1220
The revolution will be digital
|
|
October 06, 2014, 09:19:51 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
U feel this because u have not yet seen the scammers jumping on Circle to exploit the CC advantage. I wonder why people in Bitcoin dont understand that Bitcoin and CC cant go hand in hand. They are not supposed to handshake by design. |
|
|
|
|
master-P
|
|
October 06, 2014, 09:22:45 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
U feel this because u have not yet seen the scammers jumping on Circle to exploit the CC advantage. I wonder why people in Bitcoin dont understand that Bitcoin and CC cant go hand in hand. They are not supposed to handshake by design. surely circle has security measures in place to help combat cc fraud. iof course there will be ppl using stolen ccs to buy BTC but thats why they have lower limits for new users starting out. i am not sure exactly what security measures they have in place but if they decide to go big on this, surely they will invest in good security or else they'll just lose money each day. they wont risk it. |
|
|
|
|
fryarminer
|
|
October 06, 2014, 10:39:08 PM |
|
I agree with the OP. It should be advertised. Not wishing any offense, but seriously how many Buicks would be sold without TV commercials?
TV commercials are usually absorbed without thought. It would make BTC feel "normal". So that when they come across BTC away from the television, they would feel comfortable and familiar with it, and readily accept it.
It is a great way to counter the fact that many businesses are accepting BTC, by getting the masses to actually USE BTC.
|
|
|
|
|
|
fryarminer
|
|
October 06, 2014, 10:40:38 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
U feel this because u have not yet seen the scammers jumping on Circle to exploit the CC advantage. I wonder why people in Bitcoin dont understand that Bitcoin and CC cant go hand in hand. They are not supposed to handshake by design. CC is considered a cash advance transaction when using the CC on Circle. It's not reversible. At least this is my understanding. |
|
|
|
|
|
ANTIcentralized
|
|
October 07, 2014, 04:13:11 AM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
U feel this because u have not yet seen the scammers jumping on Circle to exploit the CC advantage. I wonder why people in Bitcoin dont understand that Bitcoin and CC cant go hand in hand. They are not supposed to handshake by design. surely circle has security measures in place to help combat cc fraud. iof course there will be ppl using stolen ccs to buy BTC but thats why they have lower limits for new users starting out. i am not sure exactly what security measures they have in place but if they decide to go big on this, surely they will invest in good security or else they'll just lose money each day. they wont risk it. I saw a post on reddit (via zero block) that said something about circle blocking a withdrawal for $20 worth of bitcoin until they could provide a copy of their ID and a utility bill. So it appears that they have at least some kind of risk management system in place, however I personally do not think it will be enough unless they require this kind of verification on every CC transaction (which is also cost inefficient) |
|
|
|
|
BrunesBTC45
Member
Activity: 103
Merit: 10
|
|
October 09, 2014, 01:38:14 AM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
If that is the point, then I am all in for circle.com |
|
|
|
|
BIGbangTheory
Member
Activity: 83
Merit: 10
|
|
October 10, 2014, 02:35:00 AM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
If that is the point, then I am all in for circle.com You will need to pay a premium for this service. They are essentially giving you a short term loan that is very risky so the premium will be large. You would be better off waiting the few days that it takes for a deposit to clear as it will save you a lot of money in the long run |
|
|
|
|
MasterCasino
Member
Activity: 91
Merit: 10
|
|
October 10, 2014, 05:05:49 AM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
If that is the point, then I am all in for circle.com Circle should do this it will surely help. |
|
|
|
|
btc-facebook
Legendary
Activity: 1862
Merit: 1015
|
|
October 11, 2014, 11:08:31 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
If that is the point, then I am all in for circle.com Circle should do this it will surely help. Circle does allow this however you will need to pay your credit card company extra for the privilege for doing so (the fees associated with cash advances). IMO there is no real reason to need to buy bitcoin instantly as you should have some extra in the event you need to buy something for an emergency |
|
|
|
|
|
santaClause
|
|
October 12, 2014, 07:14:26 PM |
|
I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
U feel this because u have not yet seen the scammers jumping on Circle to exploit the CC advantage. I wonder why people in Bitcoin dont understand that Bitcoin and CC cant go hand in hand. They are not supposed to handshake by design. CC is considered a cash advance transaction when using the CC on Circle. It's not reversible. At least this is my understanding. If a credit card cash advance is not authorized then the transaction will be reversed. The fact that the type of transaction is more expensive for the borrower does not affect the reversibility of it. Circle is taking a huge risk by accepting credit card payments |
|
|
|
|
|
