If just one huge tube would accept Bitcoins it would be an awesome thing for this industry - Page 2 - GoFuckYourself.com

Scat in the Hat · 04-15-2013, 07:38 AM

Quote:

Originally Posted by signupdamnit

There is a shitload of money to be made in micro-payments.

Not near enough for bitcoins to ride on alone.

Dirty F · 04-15-2013, 07:40 AM

Quote:

Originally Posted by BlackCrayon

i think its a pretty good idea and i'm sure in time some will implement it. the amount of people who would pay in bitcoins would be small but since they cost nothing to process, its all gravy aside from what it costs to convert to cash. in order for it to become more popular i think it needs to be easier to convert cash to bitcoins. i would of probably bought some bitcoins by now if it were easier but its kind of a pain in the ass what you have to go through just to get some.

Open an account at an exchange and wire money?

It really isn't that hard man.

BlackCrayon · 04-15-2013, 08:28 AM

Quote:

Originally Posted by Dirty F

Open an account at an exchange and wire money?

It really isn't that hard man.

its all the verification docs you need to send. most people won't want to do that. i know i don't.

Paul · 04-15-2013, 08:28 AM

Quote:

Originally Posted by DWB

Hey, go for it. I'm not saying not to. I'm just giving my opinion that it needs to be made easier in order for it to be more profitable. It will also help if it's not so volatile. Geeks don't generally pay for porn. They are smart enough to know where to get it for free. The average Joe still pays for porn, but he doesn't know dick about bitcoin. When that changes, I'll be ready for it.

BINGO!

The average internet user is never going to understand Bitcoin in it's current form, any webmaster can figure it out pretty quickly but not you average person.

Franck you're right that if a company like Manwin started using Bitcoins or Alt currencies for micro payments it would catch on quicker but it's still an absolute pain in the ass to load fiat money into Bitcoin. THAT needs to change before the next steps happen and it's embraced as a micro payment solution, it's too much of a hassle in it's current form IMO

Quote:

Originally Posted by Dirty F

Open an account at an exchange and wire money?

It really isn't that hard man.

Yeah it's a lot more hassle than wipping out a credit card for your average customer, plus wire transfers can take 1 - 2 business days.

Paul · 04-15-2013, 08:31 AM

Have you heard about Ripple? It's got quite a bit of VC funding recently

https://www.ripple.com

For the record I think some form of alt currency will eventually revolutionise the way we transfer money without the fees and hassle but I don't think it's gonna be Bitcoin.

Dirty F · 04-15-2013, 08:31 AM

Quote:

Originally Posted by Paul

BINGO!

The average internet user is never going to understand Bitcoin in it's current form, any webmaster can figure it out pretty quickly but not you average person.

Franck you're right that if a company like Manwin started using Bitcoins or Alt currencies for micro payments it would catch on quicker but it's still an absolute pain in the ass to load fiat money into Bitcoin. THAT needs to change before the next steps happen and it's embraced as a micro payment solution, it's too much of a hassle in it's current form IMO

Yeah it's a lot more hassle than wipping out a credit card for your average customer, plus wire transfers can take 1 - 2 business days.

Zillions of people use Paypal. Guess what, you have to load it from your bank.

It's a start up problem. Not a general problem.

dyna mo · 04-15-2013, 08:34 AM

Quote:

Originally Posted by BlackCrayon

its all the verification docs you need to send. most people won't want to do that. i know i don't.

it's all set-up pretty sweet at mtgox, just upload images of required docs. then wait...........and wait.............................................. ................

.

.............................................and.. ...................

wait.

dyna mo · 04-15-2013, 08:37 AM

Quote:

Originally Posted by Paul

Have you heard about Ripple? It's got quite a bit of VC funding recently

https://www.ripple.com

For the record I think some form of alt currency will eventually revolutionise the way we transfer money without the fees and hassle but I don't think it's gonna be Bitcoin.

ripple is pretty interesting, some say it can solve the mtgox issue as it creates an otc style exchange, problem is in doing that, it has to translate btc to it's own crypto-currency which may just reintroduce the same problem as mtgox.

BlackCrayon · 04-15-2013, 08:43 AM

Quote:

Originally Posted by Paul

BINGO!

Yeah it's a lot more hassle than wipping out a credit card for your average customer, plus wire transfers can take 1 - 2 business days.

a lot of people don't even know what a wire transfer is. half the time when i go to the bank the tellers i get don't even really know what it is and have often never had to send one for a customer before. also the fact that in the US/Canada you can't send a wire transfer online, you have to actually go to the bank. pain in the ass. also i have to fill out some kind of anti money laundering form every time i send a wire over a certain amount. another pain in the ass.

and franck, most people use paypal with credit cards, not bank accounts. if there was an instant way to buy that didn't require verification docs to be uploaded, this would greatly help popularize bitcoins.

Dirty F · 04-15-2013, 08:46 AM

Quote:

Originally Posted by BlackCrayon

a lot of people don't even know what a wire transfer is. half the time when i go to the bank the tellers i get don't even really know what it is and have often never had to send one for a customer before. also the fact that in the US/Canada you can't send a wire transfer online, you have to actually go to the bank. pain in the ass. also i have to fill out some kind of anti money laundering form every time i send a wire over a certain amount. another pain in the ass.

and franck, most people use paypal with credit cards, not bank accounts. if there was an instant way to buy that didn't require verification docs to be uploaded, this would greatly help popularize bitcoins.

Yup and in the meantime we can ignore it or make extra money and make people aware by adding it to your site.

dyna mo · 04-15-2013, 08:52 AM

mtCoxtube is available.

Paul · 04-15-2013, 08:56 AM

Quote:

Originally Posted by Dirty F

Zillions of people use Paypal. Guess what, you have to load it from your bank.

It's a start up problem. Not a general problem.

Guess what, you don't

People can transfer you money as a gift, you can sell things on eBay to fund your account etc.

Quote:

Originally Posted by dyna mo

it's all set-up pretty sweet at mtgox, just upload images of required docs. then wait...........and wait.............................................. ................

.............................................and.. ...................
wait.

Signed up a week ago, still waiting!

Only another 10,000 people infront of me in the que

Quote:

Originally Posted by dyna mo

ripple is pretty interesting, some say it can solve the mtgox issue as it creates an otc style exchange, problem is in doing that, it has to translate btc to it's own crypto-currency which may just reintroduce the same problem as mtgox.

At this point it's just an interesting concept, if you registered on bitcointalk.org before February 2013 they are giving free credit in a thread over there.

Quote:

Originally Posted by BlackCrayon

Also the fact that in the US/Canada you can't send a wire transfer online, you have to actually go to the bank. pain in the ass. also i have to fill out some kind of anti money laundering form every time i send a wire over a certain amount. another pain in the ass.

and franck, most people use paypal with credit cards, not bank accounts. if there was an instant way to buy that didn't require verification docs to be uploaded, this would greatly help popularize bitcoins.

Seriously? You poor bastards! I was annoyed today when I sent a wire transfer to Germany through my online banking and found out it was going to take 1 - 2 business days!

Yeah we have that in the EU too, I think the amount is €5000. Anything over it and it's flagged. That's why these Bitcoin exchanges need Passport & Proof of address documents when you register for the AML regulations.

Interestingly Bitcoin-24 didn't ask for any of this information from deposits and had their Polish bank account shut down, hence the site is offline.

04-15-2013, 08:31 AM	#55
Paul Confirmed User Industry Role: Join Date: Nov 2002 Posts: 2,637	Have you heard about Ripple? It's got quite a bit of VC funding recently https://www.ripple.com For the record I think some form of alt currency will eventually revolutionise the way we transfer money without the fees and hassle but I don't think it's gonna be Bitcoin.

04-15-2013, 08:52 AM	#61
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,290	mtCoxtube is available.