I'm confused where is the massive dump after that manipulative wall went away
only idiots will dump coin kite in 2.5 weeks bitches!
Have you guys ever stopped to wonder why no other altcoin attempted to produce the 25 BTC bribe? Dogecoin, peercoin, mastercoin, vertcoin, quark- these are all coins which could have easily produced the 25 btc if they thought it was a worthwhile investment.
"[–]Aleks648Vertcoin Team Member 2 points 1 month ago
The trouble with this system is that it requires
pre-registration, loading of a debt card and therefore centralisation of funds. Completely against what crypto is meant to bring to the party. If there is demand we can implement vertcoin into our XBTerminal (
www.XBTerminal.com). A simple contactless payment terminal that works with just the wallet on your phone. CoinKite is an inelegant solution that without the use of the debit card functions only by printing QR codes on a receipt."
"[–]zero_fiat 1 point 1 month ago
Here's a problem with their model. What's their deployment? Because $10,000 usd is ridiculous to get a coin listed. Dropping our API into their payment platform takes a minimal amount of time. For $10k I want results, serious results. Theres already other payment platforms that will implement for free and they interface with a businesses existing pos systems. Do what you want but I don't think their model is good,
I think that for $10k there would would have to be 10000x as many merchants accepting for it to even begin being attractive.""[–]mkazz 6 points 4 months ago
2.47% withdrawal?That's ridiculous.
One of the big wins in using bitcoin is not shoveling ~2% to the credit cards/PayPals of the world. With this pricing scheme I'm better off using my damn miles card."
"[–]Savan12986astrodoge 122 points 2 months ago
I dont like it. I HIGHLY doubt btc had to donate to them to be added, so why should we. If we want to be taken seriously (Im not saying we need to be serious, that would kill the community). But if we want to be taken seriously then we need to behave with some dignity. I for one will not be blackmailed into acceptance. If they want to add us cool, if not then too bad for them. We can get to the moon without them
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[–]therealflinchydigging shibe 33 points 2 months ago
exactly. this is just crap.
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[–]historian1111 15 points 2 months ago
CoinKite is known for shady marketing practices. They also scam Termainal owners by
charging a 50% FEE on anything over spot exchange rates.
What a fucking RIP OFF.
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[–]therealflinchydigging shibe 10 points 2 months ago
well that's not good.
moolah ftw!
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[–]rnicollReference client dev 1 point 2 months ago
That's 50% of what the merchant is charging over spot rates, so my reading is that if they're over-charging the customer, they also get overcharged... have I misunderstood?
http://www.reddit.com/r/Bitcoin/comments/1xsxbl/did_you_know_that_with_this_terminal_you_can/cfelvmb permalink
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[–]historian1111 0 points 2 months ago
yes. CoinKite is a huge scam. they aren't upfront with fees.
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[–]_Chuck__Finley_ 1 point 2 months ago
What do you expect from a company that uses a known method of cheque fraud in their name?
"Cheque kiting is illegal so for all your fraudulent needs: Coin Kiting""
"[–]ginger_beer_mconspirdoge 8 points 2 months ago
I came here to say this. If they see a good business opportunity from supporting doge, that's enough for them to profit.
Asking us to donate 25 BTC to them to cover 75% of their 'development and testing cost' is ridiculous. That's basically asking us to absorb their risk of doing business."
Other coin communities gave this a lot more thought and decided against it. I was in the BC thread when the coinkite deal was announced. Nobody even questioned it, it was all OH COINKITE!? F#CK YEAH LETS DO IT PUMP PUMP PUMP! (notice how the biggest pump happened around when the coinkite deal was announced). Bah Bah black sheep, have you any wool?
