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98problems
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February 19, 2015, 12:24:13 AM |
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Hey, this isn't a done deal, yet.
It could be huge since it implies official government support for BTC, but I guess it will take years.
It definitely will be huge. I wonder how they will tackle the volatility of bitcoin though. The fines must be denominated in USD, with the equivalent amount in BTC being paid? Will they utilize the services of a processor like coinbase? They are planning on using a payment processor similar to coinbase/bitpay however it is a smaller competitor of theirs. Payments work the same way that payments work when you buy something via coinbase/bitpay, they have the exchange rate set at the time you initiate the transaction and you have a limited amount of time to send a tx to the payment address specified |
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No Gods or Kings. Only Bitcoin
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bitkilo
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Activity: 1638
Merit: 1010
https://www.bitcoin.com/
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February 19, 2015, 01:02:57 AM |
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I just got a parking fine here in Australia  Good news is i can pay this fine with BTC using https://www.livingroomofsatoshi.com/  |
Not a paid signature, just added to promote Bitcoin.com |
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pitham1
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Activity: 1232
Merit: 1000
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February 19, 2015, 04:56:34 PM |
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Hey, this isn't a done deal, yet.
It could be huge since it implies official government support for BTC, but I guess it will take years.
It definitely will be huge. I wonder how they will tackle the volatility of bitcoin though. The fines must be denominated in USD, with the equivalent amount in BTC being paid? Will they utilize the services of a processor like coinbase? They are planning on using a payment processor similar to coinbase/bitpay however it is a smaller competitor of theirs. Payments work the same way that payments work when you buy something via coinbase/bitpay, they have the exchange rate set at the time you initiate the transaction and you have a limited amount of time to send a tx to the payment address specified Yup. Thought as much. It will be a long time before the government accepts BTC and does not convert it to dollars. |
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skinbrake
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Activity: 40
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February 19, 2015, 07:33:59 PM |
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Yes, I don't think the government would like to accept Bitcoin. But it would be nice to offer them to pay our fines with it anyway.
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Itsumo
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Activity: 112
Merit: 10
Play Rock Paper Scissor Lizard Spock
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February 20, 2015, 02:45:33 PM |
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Levine has a point. Maybe that bill could be adopted and integrated in big cities around the world. |
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Jamie_Boulder
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February 20, 2015, 02:46:38 PM |
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Not sure if I approve or I'm pissed off :O
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Gotti III
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Merit: 10
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February 25, 2015, 02:53:35 PM |
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Will it be doing it 'just bitcoin' or people can still pay in fiat? |
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networthsigns
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February 25, 2015, 03:26:14 PM |
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It would be awesome to pay park fines or any type of fees via bitcoin
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koelen3
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 25, 2015, 06:42:27 PM |
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ShintoshiBTC
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Activity: 140
Merit: 100
YOU"RE LIKE A TIMEBOMB!
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March 03, 2015, 04:02:59 PM |
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New York is currently focusing in the bitlicense proposal. New yorkers doesnt have time for that. |
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globalbanker
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March 05, 2015, 01:10:53 PM |
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That would be great if it could be used worldwide. |
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Bitware
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March 05, 2015, 01:43:25 PM |
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Throughout all of history, what has mainly made a currency legitimate was a ruler accepting it for taxes.
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DeboraMeeks
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March 05, 2015, 01:47:47 PM |
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Paying fines won't be a problem as far as it gives free advertisement and knowledge to people of what Bitcoin is, which can help Bitcoin get adopted at a wider pace.
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calme
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March 05, 2015, 01:54:29 PM |
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Seems like the kind of shit NYC crime families would orchestrate w/ the local government. I love it, though. NYC sets trends in general and is always looking for new and innovative ways to fine you for every little thing, so it's sooo NY. Who the fawk even drives in NYawk anyway. Just keep letting NYers jaywalk, though, b/c other cities w/o that constant motion seem less magical by comparison.
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najzenmajsen
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March 05, 2015, 04:37:40 PM |
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How would makin it penalty money any good for bitcoin ? Are you serious about this question ? all adoption is good adoption. there's no such thing as bad adoption my friend : ) |
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gkv9
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Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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March 06, 2015, 07:56:22 AM |
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Hmmm...well it will be very good and safe method for peoples and government.... It maybe a good method, but if governments get involved into BTC, then I think the concept of decentralization and anonymity will get vanished. |
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Beatkoyn
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March 13, 2015, 06:15:30 AM |
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Great idea councilman, but these bill should be supported by others too. Until right now, everything is just rumors and hearsays. |
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Harry Hood
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March 13, 2015, 07:17:52 AM |
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I think it might make us be less motivated to pay our fines!
Kidding, any new payment option improves liquidity, which is a good thing. Also, it makes bitcoin appears as commonplace as paypal which is a really good thing.
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vrm86
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March 13, 2015, 07:34:56 AM |
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Wonder how many people would delay their payment just to wait for BTC price decrease - sort of gamble  |
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