franky1 (OP)
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December 24, 2014, 08:04:02 AM |
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even american express see's that bitcoin can be positive https://www.youtube.com/watch?v=_SUO2YFDSCY |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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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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newIndia
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December 24, 2014, 08:26:11 AM |
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...and then u win  |
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Soros Shorts
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December 24, 2014, 09:08:30 AM |
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Meanwhile it will soon no longer be possible to use AMEX Serve cards as a method to collect payments when selling bitcoins online because they are taking away the anonymous funding options (MoneyPak, Vanilla). You can still reload with cash but you need to go physically to a register at some store.
I'm pretty sure they did that to discourage Bitcoin trading using Serve. Talk about a mixed message.
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franky1 (OP)
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December 24, 2014, 01:21:48 PM |
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to be honest VISA, MASTERCARD and AMEX do not make very much on debit cards, their true value is in the credit industry. which is why i think that video highlights AMEX lack of fear, because bitcoin wont put a dent into the credit industry.. well not without insured 3rd parties layers above bitcoin.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Sindelar1938
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December 24, 2014, 02:00:14 PM |
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Amex is likely trying to hedge itself. Adopting btc in some form may be the only viable way to survive long term.
Watching this space
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Daniel91
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December 24, 2014, 02:03:51 PM |
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Amex is likely trying to hedge itself. Adopting btc in some form may be the only viable way to survive long term.
Watching this space
Yes, eventually this will happen and all this major credit card companies will become history, thanks to bitcoin, but I'm afraid that this will not happen soon. Long way is ahead of us  |
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Q7
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December 24, 2014, 02:12:36 PM |
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And I thought amex and mastercard are both into the same line of business. Just wondering, why they don't share the same opinion which mastercard had earlier about bitcoin grabbing their market share. Seems to embrace it on their end (amex).
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leopard2
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December 24, 2014, 05:49:44 PM |
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They could gain a massive competitive advantage over the larger card issuers by accepting BTC directly for deposit and withdrawal
that would be a good reason to use Amex over mastercard or visa
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Truth is the new hatespeech.
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dimsky
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December 24, 2014, 08:43:41 PM |
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They could gain a massive competitive advantage over the larger card issuers by accepting BTC directly for deposit and withdrawal
that would be a good reason to use Amex over mastercard or visa
There has been quite a bit of talk about how it's almost impossible to prevent fraud when it comes to accepting BTC payment over credit cards. http://www.reddit.com/r/Bitcoin/comments/2dsadk/why_cant_you_buy_bitcoins_easily_with_a_credit/ |
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Guido
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December 29, 2014, 10:21:31 PM |
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thanks for link franky1 |
I am Bonkers BTW
Crypto OG
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Digital Artist
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goosoodude
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December 29, 2014, 10:29:59 PM |
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The trick is not to use the Bitcoin protocol directly, but add a layer on top of it which adds the functionality. Using a multisig escrow may be one option, but no doubt devs will have better ideas in mind. |
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chopstick
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December 30, 2014, 03:01:11 AM
Last edit: December 30, 2014, 03:31:21 AM by chopstick |
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Meanwhile it will soon no longer be possible to use AMEX Serve cards as a method to collect payments when selling bitcoins online because they are taking away the anonymous funding options (MoneyPak, Vanilla). You can still reload with cash but you need to go physically to a register at some store.
I'm pretty sure they did that to discourage Bitcoin trading using Serve. Talk about a mixed message.
Moneypaks and Vanillas with the scratch off codes on the back are both being discontinued. This is being done to discourage money laundering and other scams that were being run with moneypaks. It has nothing to do with AmEX. |
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Zendikar
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December 30, 2014, 03:06:22 AM |
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Nice share, very interesting in the modern age
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caribbeanbitcoiner
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December 30, 2014, 03:21:29 AM |
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Amex is likely trying to hedge itself. Adopting btc in some form may be the only viable way to survive long term.
Watching this space
Yes, eventually this will happen and all this major credit card companies will become history, thanks to bitcoin, but I'm afraid that this will not happen soon. Long way is ahead of us Share some of that good stuff you're smoking  Credit isn't going anywhere especially with a shrinking US middle class |
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TrailingComet
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December 30, 2014, 05:35:34 AM |
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Interesting news, thanks for sharing
I would have thought that it would be very onerous from a legacy systems perspective for the likes of Ame3x to adopt blockchain tech, but lets see what happens
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botany
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January 01, 2015, 06:25:03 AM |
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Interesting news, thanks for sharing
I would have thought that it would be very onerous from a legacy systems perspective for the likes of Ame3x to adopt blockchain tech, but lets see what happens
It is simple - they have to adapt or they perish. Amex wouldn't want to go the way of Kodak and Nokia... |
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