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Bitcoin Oz
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June 24, 2012, 06:44:18 AM |
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I contacted them on twitter about bitcoin last week and I am hopeful they will accept btc for it in future.
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Garr255
Legendary
 Offline
Activity: 938
Merit: 1000
What's a GPU?
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June 24, 2012, 06:47:40 AM |
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I asked some questions in their chat box, but nobody's gotten back to me yet.
The "Earn" section makes me think it is Bitcoin related, although they have nothing there yet.
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“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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June 24, 2012, 06:48:26 AM |
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Paypal competitor fail.
Commenter knowledge fail.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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benjamindees
Legendary
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Activity: 1330
Merit: 1000
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June 24, 2012, 06:49:13 AM |
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Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
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Civil Liberty Through Complex Mathematics
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Garr255
Legendary
Offline
Activity: 938
Merit: 1000
What's a GPU?
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June 24, 2012, 06:56:29 AM |
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Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them are ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
But if they make transferring currency more efficient, then why not? |
“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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benjamindees
Legendary
Offline
Activity: 1330
Merit: 1000
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June 24, 2012, 07:01:49 AM |
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But if they make transferring currency more efficient, then why not?
Well, it's fraudulent for one. Advertising a "currency" and then delivering a "payment processing system" is fraud. Look at the clusterfuck that Dwolla created, for instance. |
Civil Liberty Through Complex Mathematics
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Garr255
Legendary
Offline
Activity: 938
Merit: 1000
What's a GPU?
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June 24, 2012, 07:11:33 AM |
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But if they make transferring currency more efficient, then why not?
Well, it's fraudulent for one. Advertising a "currency" and then delivering a "payment processing system" is fraud. Look at the clusterfuck that Dwolla created, for instance. Yeah I have $180 tied up in there... |
“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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hazek
Legendary
Offline
Activity: 1078
Merit: 1003
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June 24, 2012, 12:12:58 PM |
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Apparently they can't even do basic math: How does the exchange rate work? Kurrenci says you take the purchase price and divide it by the store’s exchange rate. For example, if a shirt you want costs $50 and the exchange rate is $1.25, then you pay just 40 Kurrenci. You save $10.  EDIT: or I guess it's the author of this article, Bakari Chavanu, that can't do math? EDIT2: Ah no, it's taken directly from their FAQ https://kurrenci.com/public/FAQ so it's actually them that can't do the math. Basically they claim the merchant will be able to save on transactions fees which will allow him to offer a lower price which will be the only reason for a positive exchange rate. |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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Yankee (BitInstant)
Legendary
Offline
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
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June 24, 2012, 12:15:51 PM |
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The CEO and founder, Mosheh, is a friend of mine from the early days and we went to college together.
We have spoken many times about Bitcoin and Kurrenci and he plans to integrate with Bitinstant to allow for Bitcoin deposits as well as our other methods.
Will keep everyone updated.
-Charlie
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Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. More about me: http://CharlieShrem.com |
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Coinabul
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June 24, 2012, 12:18:04 PM |
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The CEO and founder, Mosheh, is a friend of mine from the early days and we went to college together.
We have spoken many times about Bitcoin and Kurrenci and he plans to integrate with Bitinstant to allow for Bitcoin deposits as well as our other methods.
Will keep everyone updated.
-Charlie
Have I mentioned that you rock, Charlie! Sidenote, I talked to these guys on twitter, it seems like they process chargebacks. |
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rjk
Sr. Member
Offline
Activity: 448
Merit: 250
1ngldh
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June 24, 2012, 12:19:31 PM |
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Hey at least they didn't pull a dwolla by saying that they are chargeback-able from the beginning.
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Coinabul
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June 24, 2012, 12:23:50 PM |
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Apparently they can't even do basic math: How does the exchange rate work? Kurrenci says you take the purchase price and divide it by the store’s exchange rate. For example, if a shirt you want costs $50 and the exchange rate is $1.25, then you pay just 40 Kurrenci. You save $10. EDIT: or I guess it's the author of this article, Bakari Chavanu, that can't do math? EDIT2: Ah no, it's taken directly from their FAQ https://kurrenci.com/public/FAQ so it's actually them that can't do the math. Basically they claim the merchant will be able to save on transactions fees which will allow him to offer a lower price which will be the only reason for a positive exchange rate. I thought that merchants would be doing a higher exchange rate to lure buyers in. It's a very abstract idea that I seriously doubt will work. |
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hazek
Legendary
Offline
Activity: 1078
Merit: 1003
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June 24, 2012, 12:25:39 PM |
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Yeah I'm highly skeptical this will work. I don't see how they're going to save merchants money and make a profit and offer 1:1 exchange rate and make money.
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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June 24, 2012, 12:30:24 PM |
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I've read the FAQ, it's so much fail, so much fail.  |
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Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
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June 24, 2012, 12:50:45 PM |
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I asked some questions in their chat box, but nobody's gotten back to me yet.
The "Earn" section makes me think it is Bitcoin related, although they have nothing there yet.
Hi Garret! I can seee youuu!  |
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Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
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June 24, 2012, 01:02:57 PM |
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Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
Hang on, does that mean I cannot speculate on it, except I want to speculate on the Dollar itself!? Dammed! |
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Steve
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June 24, 2012, 09:51:26 PM |
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Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
Hang on, does that mean I cannot speculate on it, except I want to speculate on the Dollar itself!? Dammed! LOL…I think people underestimate how important this will prove to be in Bitcoin's success. As Bitcoin's price grinds higher, it's going to become very difficult for people to ignore. |
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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June 24, 2012, 10:04:36 PM |
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OMFG! http://www.youtube.com/watch?v=F29PYXSZhqcAnd they say Bitcoin is too volatile for commerce... Kurrenci is volatocoin in person as you never now how much it's worth. You just know the minimum value of it. Are these guys for real? |
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