Anyone else using the BTC credit card by xapo ? - page 2.

DARKANGEL6415

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Quote from: sobitcoin on December 21, 2014, 03:59:33 PM

Quote from: DARKANGEL6415 on December 21, 2014, 02:33:11 PM

Quote from: jbreher on December 20, 2014, 07:58:17 PM

Quote from: DARKANGEL6415 on December 20, 2014, 07:16:39 PM

... stupid regulations

Be careful what you wish for

i know and i feel you i mean i just dont want a product dealing with my money to be like the wild west in 1800s lol but at same time i dont want super tight regulations that makes my anus bleed from the squeeze Grin

Ahh, perfectly said. I think the emphasis of regulation should focus on the entrepreneurs and administration of the businesses providing financial services. Some sort of screening, or method of at least putting face to the company before people invest 0000's unknowingly. Just like a basic screening. Super basic. If you're going to open up a bank, there should be no issue with accountabillity of funds and a face should be demanded. I refuse to put 0.01 BTC in any services without some point of accountability anymore. This means cold storage for now until there is some sort of way to ensure when hit hits the fan, there is someone who says look, i fucked up, and i will deal with the consequences. Right now, from my point of view, consequences < reward. Regulation sucks wang, but at some point... something has to be changed.

lol i feel you, you can always send the 0.01 BTC to me i will invest it into something on cryptsy and maybe become a trillionare in like 2 years. All donations and xmas gifts can be sent to 16D8REULfN66e52cqGHMkA7fJKrqD9hAAZ thanks again and happy holidays

sobitcoin

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Quote from: DARKANGEL6415 on December 21, 2014, 02:33:11 PM

Quote from: jbreher on December 20, 2014, 07:58:17 PM

Quote from: DARKANGEL6415 on December 20, 2014, 07:16:39 PM

... stupid regulations

Be careful what you wish for

i know and i feel you i mean i just dont want a product dealing with my money to be like the wild west in 1800s lol but at same time i dont want super tight regulations that makes my anus bleed from the squeeze Grin

Ahh, perfectly said. I think the emphasis of regulation should focus on the entrepreneurs and administration of the businesses providing financial services. Some sort of screening, or method of at least putting face to the company before people invest 0000's unknowingly. Just like a basic screening. Super basic. If you're going to open up a bank, there should be no issue with accountabillity of funds and a face should be demanded. I refuse to put 0.01 BTC in any services without some point of accountability anymore. This means cold storage for now until there is some sort of way to ensure when hit hits the fan, there is someone who says look, i fucked up, and i will deal with the consequences. Right now, from my point of view, consequences < reward. Regulation sucks wang, but at some point... something has to be changed.

DARKANGEL6415

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Quote from: jbreher on December 20, 2014, 07:58:17 PM

Quote from: DARKANGEL6415 on December 20, 2014, 07:16:39 PM

... stupid regulations

Be careful what you wish for

i know and i feel you i mean i just dont want a product dealing with my money to be like the wild west in 1800s lol but at same time i dont want super tight regulations that makes my anus bleed from the squeeze Grin

jbreher

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Quote from: DARKANGEL6415 on December 20, 2014, 07:16:39 PM

... stupid regulations

Be careful what you wish for

DARKANGEL6415

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well i got official reply from the xapo team fast response i may say. I was kind of shocked they responded in under 24 hours " during the week " but they told me they are working on trying to get cards sent out to people in the USA. The cards can be used in the USA the funds they support are USD but cant mail to people with address in the USA Huh

stupid regulations

DARKANGEL6415

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Quote from: Chef Ramsay on November 27, 2014, 08:48:09 PM

Quote from: primer- on November 27, 2014, 08:31:26 PM

Quote from: Drax on November 27, 2014, 08:04:24 PM

Keep us posted! Very interesting concept, but I only heard bad things about it. (The fee's and the standard bank cards etc)

Its worse than that, check reddit, search for xapo (/r/bitcoin only)...

Yeah, the PR they're getting via word of mouth on the street surely isn't going to help people trust their vault keeping venture. That's got to hurt the VCs that put untold millions into their coffers only to have their image deteriorate out from under them. I'm sure Coinbase is just loling at them.

is there any other cards out there that let people in the USA get them and have low fees to use / get card. Also a company that has been around for a while and is registered and some kind of regulation would be good. I really dont know why places like coinbase cant just offer customers a BTC debit card to use would be awesome.

sobitcoin

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Quote from: robmob on November 26, 2014, 07:16:58 PM

Quote from: moriartybitcoin on November 26, 2014, 07:11:22 PM

I don't think XAPO actually works!

Explain what you mean and why you do not think it works?

He is a scammer who run bitplastic.com, one of his Bitcoin debit scams.

Chef Ramsay

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Quote from: primer- on November 27, 2014, 08:31:26 PM

Quote from: Drax on November 27, 2014, 08:04:24 PM

Keep us posted! Very interesting concept, but I only heard bad things about it. (The fee's and the standard bank cards etc)

Its worse than that, check reddit, search for xapo (/r/bitcoin only)...

Yeah, the PR they're getting via word of mouth on the street surely isn't going to help people trust their vault keeping venture. That's got to hurt the VCs that put untold millions into their coffers only to have their image deteriorate out from under them. I'm sure Coinbase is just loling at them.

primer-

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Quote from: Drax on November 27, 2014, 08:04:24 PM

Keep us posted! Very interesting concept, but I only heard bad things about it. (The fee's and the standard bank cards etc)

Its worse than that, check reddit, search for xapo (/r/bitcoin only)...

Drax

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Nucleus.Vision

Keep us posted! Very interesting concept, but I only heard bad things about it. (The fee's and the standard bank cards etc)

robmob

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Quote from: fenican on November 27, 2014, 06:42:24 PM

The concept is awesome since it allows BTC to, effectively, be used at any place that accepts traditional credit cards.

Unlike a pre-paid debit card, your BTC balance would not be trapped in fiat.

Seems like something worth experimenting with for small amounts - perhaps a couple $100 worth of BTC but, yeah, not a great idea to send thousands to these guys until they can prove their operation is rock solid. And, obviously, don't rely on one of these to fund your overseas travels. At least, not yet.

Thanks me and the girl friend plan on taking the trip in January and are currently still rasing the rest of the funds but like you said I am not trusting this card yet just getting prepared for when the time comes so I am ready for anything and everything.

It would be a real shame to get thousands of miles from home and have the BTC wallet attached to the card ripped off as being that i am not rich I would most likely be stuck where I was going unless I had a return ticket all ready.

fenican

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The concept is awesome since it allows BTC to, effectively, be used at any place that accepts traditional credit cards.

Unlike a pre-paid debit card, your BTC balance would not be trapped in fiat.

Seems like something worth experimenting with for small amounts - perhaps a couple $100 worth of BTC but, yeah, not a great idea to send thousands to these guys until they can prove their operation is rock solid. And, obviously, don't rely on one of these to fund your overseas travels. At least, not yet.

robmob

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Quote from: jbreher on November 27, 2014, 05:57:14 PM

Quote from: FattyMcButterpants on November 26, 2014, 08:42:50 PM

bitcoin debit cards are not the future of bitcoin.

They probably aren't the long term future of Bitcoin, but I somewhat expect they will be extremely useful in the near term. Don't underestimate the utility of being able to truthfully answer 'anything, anywhere that accepts Visa' to the question 'What can be purchased with Bitcoin'?

I think they will be a crucial bridge to a world where all vendors accept Bitcoin for Bitcoin's sake.

I agree as of right now we can not carry our wallet in our pocket with physical BTC like we can with money and spend it anywhere and everywhere. With the use of a debit ot credit card hooked to our bitcoin wallet it then makes the bitcoin spendable just about anywhere in the world where a visa or mastercard would be accepted making it more widely used and easier for the world to spend there BTC.

jbreher

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Quote from: FattyMcButterpants on November 26, 2014, 08:42:50 PM

bitcoin debit cards are not the future of bitcoin.

They probably aren't the long term future of Bitcoin, but I somewhat expect they will be extremely useful in the near term. Don't underestimate the utility of being able to truthfully answer 'anything, anywhere that accepts Visa' to the question 'What can be purchased with Bitcoin'?

I think they will be a crucial bridge to a world where all vendors accept Bitcoin for Bitcoin's sake.

FattyMcButterpants

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Quote from: albus on November 27, 2014, 05:42:27 AM

Quote from: FattyMcButterpants on November 26, 2014, 08:42:50 PM

Quote from: caribbeanbitcoiner on November 26, 2014, 08:02:30 PM

I have a question, which deals with Mass adoption.

With all these Bitcoin Debit Card companies how is the average consumer going to ever be able to differentiate each one or even find one. Cheesy

bitcoin debit cards are not the future of bitcoin. They are the result of a few companies trying to profit off of bitcoin. It is likely that most bitcoin use will be consumers paying in bitcoin to merchants directly or via a reputable bitcoin payment processor. IMO most bitcoin debit cards will likely not be trustworthy and will likely turn out to be scams.

It's not about being trustworthy or not, it's just that it may not make sense for the average user to change his fiat to BTC then back to fiat plus paying credit cards fees.
I guess that's another story for BTC traders paying out their gains.

With a BTC ecosystem functioning well, it may be a good way to convert gains in BTC to fiat, for small amounts, without wire transfers fees. I don't see how debit cards company would be less trustworthy than exchange. (granted these may not be very trustworthy to start with...)

Paying what is effectively credit card fees plus two exchange fees is another reason why a bitcoin debit card is not feasible. You will however need to trust the issuer of the card to properly keep track of your money and to not get hacked and/or run away with your money.

albus

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Quote from: FattyMcButterpants on November 26, 2014, 08:42:50 PM

Quote from: caribbeanbitcoiner on November 26, 2014, 08:02:30 PM

I have a question, which deals with Mass adoption.

With all these Bitcoin Debit Card companies how is the average consumer going to ever be able to differentiate each one or even find one. Cheesy

bitcoin debit cards are not the future of bitcoin. They are the result of a few companies trying to profit off of bitcoin. It is likely that most bitcoin use will be consumers paying in bitcoin to merchants directly or via a reputable bitcoin payment processor. IMO most bitcoin debit cards will likely not be trustworthy and will likely turn out to be scams.

It's not about being trustworthy or not, it's just that it may not make sense for the average user to change his fiat to BTC then back to fiat plus paying credit cards fees.
I guess that's another story for BTC traders paying out their gains.

With a BTC ecosystem functioning well, it may be a good way to convert gains in BTC to fiat, for small amounts, without wire transfers fees. I don't see how debit cards company would be less trustworthy than exchange. (granted these may not be very trustworthy to start with...)

FattyMcButterpants

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Quote from: caribbeanbitcoiner on November 26, 2014, 08:02:30 PM

I have a question, which deals with Mass adoption.

With all these Bitcoin Debit Card companies how is the average consumer going to ever be able to differentiate each one or even find one. Cheesy

bitcoin debit cards are not the future of bitcoin. They are the result of a few companies trying to profit off of bitcoin. It is likely that most bitcoin use will be consumers paying in bitcoin to merchants directly or via a reputable bitcoin payment processor. IMO most bitcoin debit cards will likely not be trustworthy and will likely turn out to be scams.

caribbeanbitcoiner

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I have a question, which deals with Mass adoption.

With all these Bitcoin Debit Card companies how is the average consumer going to ever be able to differentiate each one or even find one. Cheesy

robmob

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Quote from: moriartybitcoin on November 26, 2014, 07:11:22 PM

I don't think XAPO actually works!

Explain what you mean and why you do not think it works?

moriartybitcoin

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I don't think XAPO actually works!

Topic: Anyone else using the BTC credit card by xapo ? - page 2. (Read 6247 times)