Circle Opens Doors to Global Audience

pitham1

legendary

Activity: 1232

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Quote from: Diabolicus on September 30, 2014, 05:11:53 AM

Only US bank accounts can be linked ... so much for "global" audience Shocked

Also, when offering a localized version of a website, containing a localized support form, answering support request in a language other than your customer's language kind of defies the whole purpose of offering support in different languages in the first place :-)

That's rich. It would have been sufficient for them to offer only english, if only US bank accounts are supported.

sbrzol

hero member

Activity: 569

Merit: 500

Quote from: yokosan on September 29, 2014, 06:45:05 PM

Circle buys OTC right?

if so, then there wont be buying pressure only more selling by payment processors

everybody can see in the order books of exchanges that there is no buyers , only selling walls

Diabolicus

member

Activity: 90

Merit: 10

Only US bank accounts can be linked ... so much for "global" audience Shocked

Also, when offering a localized version of a website, containing a localized support form, answering support request in a language other than your customer's language kind of defies the whole purpose of offering support in different languages in the first place :-)

trackermut

member

Activity: 62

Merit: 10

Brilliant peace of news, more important to bitcoin than paypal, Circle have made it easier for joe public to own and use bitcoins. For anything near mass adoption bitcoin needs to be as simple as using your credit card. Great news no wonder they raised 25 million so easily.

yokosan

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Activity: 700

Merit: 500

Circle buys OTC right?

bassclef

hero member

Activity: 924

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Quote from: PenAndPaper on September 29, 2014, 06:12:54 PM

Quote from: Ibian on September 29, 2014, 06:04:59 PM

Most people are not comfortable with being responsible for keeping their own coins safe, and having no recourse if they somehow go missing.

You are still responsible for keeping your account credentials safe.

Which is why I always recommend to friends who are serious about having multiple crypto-related accounts to get a password manager like Keepass. Lots of neat features... my favorite is the auto-type obfuscation to thwart keyloggers. Then you can have strong 32 character passwords for everything and sleep well at night. Also it's open source. Also use 2FA authentication.

Just tried out Circle a bit. Very well designed and easy to use.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: Ibian on September 29, 2014, 06:04:59 PM

Most people are not comfortable with being responsible for keeping their own coins safe, and having no recourse if they somehow go missing.

You are still responsible for keeping your account credentials safe.

Ibian

legendary

Activity: 2268

Merit: 1278

If the insurance is genuine, and covers both theft and data loss on their part, then this could be a turning point in adoption. Most people are not comfortable with being responsible for keeping their own coins safe, and having no recourse if they somehow go missing. Even I get nervous about it sometimes, and my coins are as secure as they can reasonably be. This is what all the people who want someone to protect them have been waiting for. And they vastly outnumber us.

cypherdoc

legendary

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Merit: 1002

yep. i tried it today. simple and fast.

brg444

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Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: jbrnt on September 29, 2014, 04:51:42 PM

What is this circle thing? Is this an international bitcoin online banking account? I read through the blog and about sections and could not find anything to describe precisely what they do? It sounds like it is an online bitcoin wallet and an exchange with a 100% theft insurance.

You got the gist of it.

Another thing is it also allows unparralled ease in purchasing bitcoins instantly by the use of a credit card

bassclef

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Activity: 924

Merit: 1000

Quote from: jbrnt on September 29, 2014, 04:51:42 PM

What is this circle thing? Is this an international bitcoin online banking account? I read through the blog and about sections and could not find anything to describe precisely what they do? It sounds like it is an online bitcoin wallet and an exchange with a 100% theft insurance.

I think that's it. Plus you can use any CC worldwide to buy.

jbrnt

hero member

Activity: 672

Merit: 500

What is this circle thing? Is this an international bitcoin online banking account? I read through the blog and about sections and could not find anything to describe precisely what they do? It sounds like it is an online bitcoin wallet and an exchange with a 100% theft insurance.

bucktotal

full member

Activity: 232

Merit: 100

Quote from: Ibian on September 29, 2014, 04:36:23 PM

Quote from: bucktotal on September 29, 2014, 04:30:17 PM

Quote from: Ibian on September 29, 2014, 04:24:51 PM

Quote from: bucktotal on September 29, 2014, 04:20:26 PM

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

Being a store of value is a property of sound money. Ask them how beating their keys out of them is different from beating their cash out of them. Or the plastic and pin. Or their online banking info.

Anything can be stolen given enough effort. This is not new and is a standard part of everyday life. Bitcoin is new and therefore scary, but the underlying realities of life have not changed.

definitely. and thats the conclusion i came to as well (besides the plastic and pin part.. that can be reversed after a beating i think). anyway, i tried to convey its similar to cash, yet better in the sense that they can carry around what they are willing to lose and they can have other more safe measures to access a bit more, and then their real safe big storage is the most secured, and actually a bit difficult for them to retrieve - that is, impossible to retrieve via a beating.

honestly, i dont try that hard with these guys. i think they will slowly come around as new simpler tools are built for them to solve these types of concerns.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: bucktotal on September 29, 2014, 04:30:17 PM

Quote from: Ibian on September 29, 2014, 04:24:51 PM

Quote from: bucktotal on September 29, 2014, 04:20:26 PM

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

Being a store of value is a property of sound money. Ask them how beating their keys out of them is different from beating their cash out of them. Or their plastic and pin. Or their online banking info.

Anything can be stolen given enough effort. This is not new and is a standard part of everyday life. Bitcoin is new and therefore scary, but the underlying realities of life have not changed.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: bucktotal on September 29, 2014, 04:20:26 PM

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Yeah, so the criminals might have to kill them on top of beating them up to make sure that nothing gets reversed.
With bitcoin you 'll get away with just a beating and no money.

bucktotal

full member

Activity: 232

Merit: 100

Quote from: Ibian on September 29, 2014, 04:24:51 PM

Quote from: bucktotal on September 29, 2014, 04:20:26 PM

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

sbrzol

hero member

Activity: 569

Merit: 500

USA woke up and so many of them use the new Circle buying options that the price can reach its todays lowest

kkhashu

newbie

Activity: 16

Merit: 0

Quote from: Nagle on September 29, 2014, 03:55:13 PM

Quote from: ask on September 29, 2014, 08:31:26 AM

For all bears, this is something new for you:

https://www.circle.com/ja/2014/09/29/circle-opens-doors-global-audience

Circle makes big announcement, price goes down.

It seems that every time someone makes an announcement of something that makes it easier to spend Bitcoins, the price goes down.

True, because they tie up with coinbase and redeem their bitcoin instantly when they receive coin.
For them nothing changed and because of them Bitcoin price on pressure.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: bucktotal on September 29, 2014, 04:20:26 PM

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

bucktotal

full member

Activity: 232

Merit: 100

Quote from: PenAndPaper on September 29, 2014, 04:14:53 PM

Quote from: bucktotal on September 29, 2014, 03:58:43 PM

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Topic: Circle Opens Doors to Global Audience (Read 4420 times)