So what kind of Bitcoin site are you starting?

[Dirty F]

I'm currently building a mainstream one.
Selling something that is wanted world wide, hard to get and almost impossible to find payment solutions for.
Nobody else is doing it. I will be the first.
I will get paid in Bitcoins with a 0.5% transaction fee and no risk of cb's. And once they are in your wallet they will just get worth more and more.

So how are you gonna get your coins?

[dyna mo]

how do/will you process the transactions?

[Dirty F]

Originally Posted by dyna mo

how do/will you process the transactions?

https://bitmerch.com/

[Wizzo]

Why would I want to start any site with a currency that I would guess less then .005% of the population has even ever heard of?

[BlackCrayon]

Originally Posted by Wizzo

Why would I want to start any site with a currency that I would guess less then .005% of the population has even ever heard of?

not to mention there is nothing stopping everyone from making their own version of bitcoins. if google decided to make one bitcoin would die pretty quick i'd imagine.

[dyna mo]

Originally Posted by Dirty F

https://bitmerch.com/

thx,

i found these

https://bitpay.com/bitcoin-for-ecommerce

a rough version for oscommerce

https://github.com/weex/oscommerce-bitcoin

[dyna mo]

Originally Posted by Wizzo

Why would I want to start any site with a currency that I would guess less then .005% of the population has even ever heard of?

it's a good question, i was wondering the same so i looked into why wordpress and reddit have announced they are accepting bitcoins::

Accepting bitcoin will allow the site to take payments from anywhere in the world, according to Reddit's blog.

The virtual currency is looking increasingly attractive to online merchants, who run the risk of incurring a "chargeback" by banks if someone fraudulently makes a purchase with someone else's credit card details. Due to its cryptographic verification system, bitcoins cannot be fraudulently spent, which relieves merchants of chargeback worries.

As with many Web-based services, payments for those features are dependent on credit card transactions and eBay's PayPal service. But WordPress wrote on its blog that PayPal doesn't serve more than 60 countries, and credit card companies have restrictions due to political, fraud, and other reasons.

"With Bitcoin we join a new digital economy that doesn't leave anyone behind, essentially making financial transactions open source -- something WordPress.com is behind 100 percent," WordPress said.

[Dirty F]

Originally Posted by Wizzo

Why would I want to start any site with a currency that I would guess less then .005% of the population has even ever heard of?

Every person that hits my site looking for a certain product will instantly know about Bitcoins and because they basically can not order my product anywhere else online i'm pretty confident they will have no problem getting a Bitcoin account. They will be happy they can actually pay.

It wouldn't make sense if i can use cc or paypay instead. Then there is no point offering Bitcoins. (edit: actually it makes a lot of sense to offer it as an alternative payment option, which i do on a paysite) You must've missed the part where i said i offer something that has no other payment options.

[BlackCrayon]

Originally Posted by Dirty F

Every person that hits my site looking for a certain product will instantly know about Bitcoins and because they basically can not order my product anywhere else online i'm pretty confident they will have no problem getting a Bitcoin account. They will be happy they can actually pay.

It wouldn't make sense if i can use cc or paypay instead. Then there is no point offering Bitcoins. You must've missed the part where i said i offer something that has no other payment options.

must be something illegal then.

[seeandsee]

Originally Posted by Dirty F

Every person that hits my site looking for a certain product will instantly know about Bitcoins and because they basically can not order my product anywhere else online i'm pretty confident they will have no problem getting a Bitcoin account. They will be happy they can actually pay.

It wouldn't make sense if i can use cc or paypay instead. Then there is no point offering Bitcoins. You must've missed the part where i said i offer something that has no other payment options.

what are you selling?

[Dirty F]

Originally Posted by BlackCrayon

must be something illegal then.

Nope. Legal.

[dyna mo]

these guys launched a discount electronics store that only accepts bitcoins

Company representatives claim that by not having to pay credit card fees, they will be able to keep prices 1 to 10 percent lower than the top competitors. And by doing so, they are hoping the company will be so successful that it eventually fails.

You see, profit is not the main goal of the project. Roger Ver, the founder of the site, launched it to serve as a high-level demonstration for companies like Amazon and NewEgg, a lesson in the benefits of Bitcoin. If any of these companies begin taking payments in Bitcoin, representatives at BitcoinStore say they will close shop in triumph.

"The point of the site is to show both consumers and business owners that using Bitcoin can drastically lower the cost of providing products," says Jon Holmquist, the head of marketing for BitcoinStore.

https://www.bitcoinstore.com/

http://www.slate.com/blogs/future_te...to_accept.html

[Dirty F]

Originally Posted by seeandsee

what are you selling?

Yup, i'm gonna tell it here so 50 other people are gonna do the same thing.

[JamesM]

damn, frank you are fast,
if you really have some special products then people will buy it no matter what.
i dont recall the product/site but on one site they were only accepting certain virtual currency , and their partner site allowed paypal to their currency exchange, i had no other option , so i purchased their currency and then the product, it was virtual item, i guess.
i gotta learn the bitcoin thing.
i never trusted the bitcoins or any other virtual currency.

[Wizzo]

Its all about to change: http://arstechnica.com/tech-policy/2...undering-laws/

[Kolargol]

something is not right in this thread...

[mayabong]

Originally Posted by Wizzo

Why would I want to start any site with a currency that I would guess less then .005% of the population has even ever heard of?

Take payments all over the world, no risk of chargbacks, 96% male demographic.

[mayabong]

Originally Posted by BlackCrayon

not to mention there is nothing stopping everyone from making their own version of bitcoins. if google decided to make one bitcoin would die pretty quick i'd imagine.

Noone will stop anyone from making their own version, people already have. Litecoin is one. Thing about Bitcoin is that it has the first mover advantage and has alot of infrastructure built around it.

[lyno]

Working on a e-shop for my comics (Zen Cart with OKPay module). If it works out I would be free from the ridiculous censorship by banksters and CC companies, def worth to invest some time and work. If not I have wasted a few days of work but at least learned a little bit about Zen Cart.

[mayabong]

Originally Posted by lyno

Working on a e-shop for my comics (Zen Cart with OKPay module). If it works out I would be free from the ridiculous censorship by banksters and CC companies, def worth to invest some time and work. If not I have wasted a few days of work but at least learned a little bit about Zen Cart.

After its done post your site to http://www.reddit.com/r/Bitcoin/

Tell them you just started, you should get some sales.

[adulttraffic]

Originally Posted by Dirty F

Nope. Legal.

Legal now but banned tomorrow?

[Manfap]

How is it taxed?

[adulttraffic]

Originally Posted by Manfap

How is it taxed?

Its NOT, how can it be?

[Dirty F]

Originally Posted by adulttraffic

Legal now but banned tomorrow?

Nope

.

[DWB]

Originally Posted by adulttraffic

Its NOT, how can it be?

And there is one of many problems with it.

Can't tax it, can't control it, can't regulate it in any way.... have luck!

[dyna mo]

Originally Posted by DWB

And there is one of many problems with it.

Can't tax it, can't control it, can't regulate it in any way.... have luck!

not unlike like the internet in 1990s and to some extent, 2013

[halfpint]

I wouldent make a site selling anything with bitcoins, naw fuck this I edited it out .....

[mafia_man]

Sports betting exchange.

[DWB]

Originally Posted by dyna mo

not unlike like the internet in 1990s and to some extent, 2013

But the internet is not currency. Otherwise, it would already be under some sort of control and taxed, which they are slowly inching towards anyway. Sooner or later they will screw up the net.

The concept of bitcoin is great and there is money to be made. I'm personally just more comfortable putting my money into hard assets instead of cyber currency that doesn't even exist and is flipping the bird at all governments, banks, and global power players.

[mayabong]

Originally Posted by mafia_man

Sports betting exchange.

https://btcsportsbet.com/

Competition is always good though.

[mafia_man]

Originally Posted by mayabong

https://btcsportsbet.com/

Competition is always good though.

Aware of them and http://betsofbitco.in

This will be much better, more like Betfair.

[lyno]

Originally Posted by mayabong

After its done post your site to http://www.reddit.com/r/Bitcoin/

Tell them you just started, you should get some sales.

Thank´s for the hint, will do so.

If you have some time and bitcoin would you help me to test my shop? Would send you paypal.

[mayabong]

Originally Posted by lyno

Thank´s for the hint, will do so.

If you have some time and bitcoin would you help me to test my shop? Would send you paypal.

yes, how close are you to being done?

[Zeiss]

Still prefer the Euro here. Rock solid!

[lyno]

Originally Posted by mayabong

yes, how close are you to being done?

Almost done. Some gaps need to be filled and the text needs some proof-reading. The shop is here:
http://www.lynortis.com/lshop/

I will send you $5 (where should I send them?) and you can use the coupon code ikki23 for a $4 discount.

[mayabong]

Originally Posted by lyno

Almost done. Some gaps need to be filled and the text needs some proof-reading. The shop is here:
http://www.lynortis.com/lshop/

I will send you $5 (where should I send them?) and you can use the coupon code ikki23 for a $4 discount.

Tried the asylum magda checks in. I put in the coupon code and it brought my total to zero.

[lyno]

Originally Posted by mayabong

Tried the asylum magda checks in. I put in the coupon code and it brought my total to zero.

My fault, that was the wrong code. Please use bittest42

[adulttraffic]

Originally Posted by DWB

And there is one of many problems with it.

Can't tax it, can't control it, can't regulate it in any way.... have luck!

Exactly.. Currently their is no way to tax bitcoin transactions. One may try and comply with tax laws and charge a tax for these transactions but I doubt this would the case.

[mayabong]

Originally Posted by lyno

My fault, that was the wrong code. Please use bittest42

I'm trying to check out but all my bitcoins are on Coinbase and they are having some glitch. When I check out I'll let you know. Don't worry about the $5

[lyno]

Originally Posted by adulttraffic

Exactly.. Currently their is no way to tax bitcoin transactions. One may try and comply with tax laws and charge a tax for these transactions but I doubt this would the case.

Why should Bitcoin transactions be taxed? If somebody gives you cash or sends you paypal that transfers is not taxed also. You, as receiver of the money, pays the tax (or not).

[lyno]

Originally Posted by mayabong

I'm trying to check out but all my bitcoins are on Coinbase and they are having some glitch. When I check out I'll let you know. Don't worry about the $5

Thanks I deleted your old order, just to avoid a mess up with the coupons. Seems like a few days are not enough to get into Zen Cart. I'll mail you a bigger coupon as little compensation for your efforts.

[mayabong]

Originally Posted by lyno

Thanks I deleted your old order, just to avoid a mess up with the coupons. Seems like a few days are not enough to get into Zen Cart. I'll mail you a bigger coupon as little compensation for your efforts.

You might get a payment into your OK pay account when coinbase decides to send it. I've never had a problem with them before, but word to the wise always never leave too many BTC's on a 3rd party site.

[AsianDivaGirlsWebDude]

From Wired (Dec 2012):

The FBI sees the anonymous Bitcoin payment network as an alarming haven for money laundering and other criminal activity ? including as a tool for hackers to rip off fellow Bitcoin users.

That?s according to a new FBI internal report that leaked to the internet this week, which expresses concern about the difficulty of tracking the identify of anonymous Bitcoin users, while also unintentionally providing tips for Bitcoin users to remain more anonymous.

The report titled ?Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity,? (.pdf) was published April 24 and is marked For Official Use Only (not actually classified), but was leaked to the internet on Wednesday.

In the document, the FBI notes that because Bitcoin combines cryptography and a peer-to-peer architecture to avoid a central authority, contrary to how digital currencies such as eGold and WebMoney operated, law enforcement agencies have more difficulty identifying suspicious users and obtaining transaction records.

?If Bitcoin stabilizes and grows in popularity, it will become an increasingly useful tool for various illegal activities beyond the cyber realm,? the FBI writes in the report. ?For instance, child pornography and Internet gambling are illegal activities already taking place on the Internet which require simple payment transfers. Bitcoin might logically attract money launderers, human traffickers, terrorists, and other criminals who avoid traditional financial systems by using the Internet to conduct global monetary transfers.?

There have been several cases of hackers using malware to steal the currency in the virtual wallet stored on a user?s machine.

Last year, computer security researchers discovered malware called ?Infostealer.Coinbit? that was designed specifically to steal bitcoins from virtual Bitcoin wallets and transfer them to a server in Poland.

One Bitcoin user complained in a Bitcoin forum that 25,000 bitcoins had been stolen from an unencrypted Bitcoin wallet on his computer. Since the exchange rate for bitcoins at the time was about $20 per bitcoin, the value of his loss at the time was about $500,000. A popular web hosting company called Linode was also infiltrated by an attacker looking to pilfer bitcoins.

And there have also been cases of hackers attempting to use ?botnets? to generate bitcoins on compromised machines.

Caveat emptor...



ADG

[adulttraffic]

Originally Posted by lyno

Why should Bitcoin transactions be taxed? If somebody gives you cash or sends you paypal that transfers is not taxed also. You, as receiver of the money, pays the tax (or not).

Because many states believe they are entitled to a sales tax. So if you purchased something from California using bitcoin the state of California wants their cut no matter where the purchaser resides. This is the reason why sites like Amazon charge sales tax on many sales even if the purchaser resides in another state.

[AsianDivaGirlsWebDude]

ADG

[dyna mo]

Originally Posted by adulttraffic

Because many states believe they are entitled to a sales tax. So if you purchased something from California using bitcoin the state of California wants their cut no matter where the purchaser resides. This is the reason why sites like Amazon charge sales tax on many sales even if the purchaser resides in another state.

completely wrong.



here is the correct way:

If you are running a business in a origin-based state, you would collect sales taxes for your state on all of your retail sales.

However, if you are running a business in a destination-based state, you would not have to collect your state's sales tax on sales that are shipped out-of-state. You would also not have to collect sales taxes for the customer?s state unless you have Nexus, or a physical presence, in that state. The customer would simply pay the sales/use tax on their own.

[CurrentlySober]

A Gay One...

I want biz from Harmon... He likes the gay...

[lezinterracial]

A while back I was thinking of making a site like bitvisitor.com that paid people in bitcoins to view ads. But instead of viewing regular ads it would have been porn ads.

[tony286]

this is the type of shit that makes it scary
http://www.pcworld.com/article/23489...html#tk.hp_new

[dyna mo]

all new ventures have a higher level of risk. not to mention all currencies are faked as well.