Topic: Circle Opens Doors to Global Audience - page 3. (Read 4478 times)
Seems very easy to use. Great piece of bitcoin infrastructure!
Each rep will receive a Circle account with $250 in Bitcoin to spend over the course of the semester.
It's worth $250 when they receive it, but how much will it be worth a week later? LOL!
Damn, as BTC falls I get more and more the feeling that NuBits is going to replace bitcoin. It is crypto and it is not volatile. If I want out from Bitcoin or some altcoin I'd simply get into nubits rather than USD because I can only hold USD on an exchange but nubits can be held in cold storage. win win
Each rep will receive a Circle account with $250 in Bitcoin to spend over the course of the semester.
It's worth $250 when they receive it, but how much will it be worth a week later? LOL!
Their going to begin pushing bitcoin pretty hard imo
Here's 1 example
"Student Bitcoiners: Circle, the Boston-based digital currency venture, is looking for campus reps across the country to participate in a social media marketing program this fall! Each rep will receive a Circle account with $250 in Bitcoin to spend over the course of the semester. Reps are required to post at least five stories about using Circle and Bitcoin to their Facebook accounts (and/or other blogging platforms like Tumblr) and to cross promote these via Twitter, Instagram, Snapchat, and other social channels. To apply, send your resume to [email protected] click onthis link to be redirected to the brief application."
Here's 1 example
"Student Bitcoiners: Circle, the Boston-based digital currency venture, is looking for campus reps across the country to participate in a social media marketing program this fall! Each rep will receive a Circle account with $250 in Bitcoin to spend over the course of the semester. Reps are required to post at least five stories about using Circle and Bitcoin to their Facebook accounts (and/or other blogging platforms like Tumblr) and to cross promote these via Twitter, Instagram, Snapchat, and other social channels. To apply, send your resume to [email protected] click onthis link to be redirected to the brief application."
Circle is open! Great news! Look at how the market is responding! Rising BTC price!
Right ...?
Right ...?
This system is just stupid. An average Joe does not need to buy a large amount of bitcoins at once. That activity thus cannot be a possible act of money laundering or terrorism funding. The laws should be changed in a way that anyone can sell bitcoins without any paperwork needed just as if the sold bitcoins were post cards or what ever. It's simply against the common sense to make it possible for only well funded companies with lots of lawyers to sell commodities such as bitcoins. AML and KNC laws should only apply for larger quantities of bitcoins being sold. If I sell 1 bitcoin a day at maximum then why demand complicated paperwork and certificates? The way Circle wants to solve the problem is like fighting with the symptoms and this is definitely not a long term solution because it is ineffective. It generates friction in the form of bureaucracy.
Can't link my danish bank account or plastic. Bummer.
The situation from a danish perspective so far.Can't link my bank account. CAN link my visa, but the fees are too high to use. About $15 for depositing $500. Anyone know what the fees are like for americans? I assume I am being racisted against as usual, but need confirmation.
Fees aside, it is super fast and easy to buy with plastic. Assume bank transfer is just as easy. Also sent in a bit of coin followed by withdraw to confirm that it works, no problems there. Once they eventually get around to letting me link my bank account, the fees will go away so looking forward to that. Until then, it's easier and cheaper to send my money to Kraken in one lump sum as usual.
The concept works. They just need to finish the international part of it.
The interesting concept here is the insurance. I don't like their list of disallowed transaction types, some of which are completely legal items. But I don't see how that can be enforced when it's so easy to first pay to some new address, then to the intended recipient. That sounds more like a way to indemnify themselves if someone ever has legal issues.
Yes, yes. We very much need Circle for mainstream, non-technically inclined people to use Bitcoin. Before Circle there were no such service. Stop thinking the universe revolves around you.
I don't think my self-importance has anything to do with it. I just brought myself as a hypothetical example. If paypal accepts bitcoin they can as well as sell bitcoins themselves. I still don't see what Circle has to offer that other could not. Think of it, if Circle could do it, exchanges could also do it. So I could go to BitStamp and just directly buy bitcoins from the order book without having to register a Bitstamp account. If every exchange implemented such simplicity for buying bitcoins then Circle would be pointless. Now the question is --- why don't other exchanges implement it? Every exchange could be an alternative to Circle.
edit:
btw your claim is wrong. There was a place btc-dealer.com which allowed instantly buying bitcoins with a credit card.
Yes you are right. Everyone and their mother could offer that service if they had dozens of millions of venture capital behind them, a team of experienced entrepreneurs, compliance officers and expensive lawyers.
But for now, Circle is the only one to offer that service on a global scale, all while insuring 100% of your holdings.
Muggle adoption is not an instant pump, it's a long term pump and support. Patience.
Circle is great, and buying BTC with a credit card is 100 times easier and less of a pain in the fucking ass for the average person to buy BTC.
But still, regarding the price. If PayPal pump failed miserably, why do you think this will be any different?
But still, regarding the price. If PayPal pump failed miserably, why do you think this will be any different?
Can't link my danish bank account or plastic. Bummer.
Just noticed their ToS says it's americans only. Oops. Hopefully they get little things like that fixed soonish.
I used it from the UK today, other eu countries also work. It was a pretty slick interface. Not sure about cc fees though.
Everyone who bought today will probably be in a a loss tomorrow. Great advertising. 
Just noticed their ToS says it's americans only. Oops. Hopefully they get little things like that fixed soonish.
Yes, yes. We very much need Circle for mainstream, non-technically inclined people to use Bitcoin. Before Circle there were no such service. Stop thinking the universe revolves around you.
I don't think my self-importance has anything to do with it. I just brought myself as a hypothetical example. If paypal accepts bitcoin they can as well as sell bitcoins themselves. I still don't see what Circle has to offer that other could not. Think of it, if Circle could do it, exchanges could also do it. So I could go to BitStamp and just directly buy bitcoins from the order book without having to register a Bitstamp account. If every exchange implemented such simplicity for buying bitcoins then Circle would be pointless. Now the question is --- why don't other exchanges implement it? Every exchange could be an alternative to Circle.
edit:
btw your claim is wrong. There was a place btc-dealer.com which allowed instantly buying bitcoins with a credit card.
I quickly read the info about them and their about section but I still don't know what the hell are they trying to achieve and why does it matter. Can anyone explain?
They're making it a whole load more painless for an average personage to buy and own BTC.
What's so new about that? It is already as painless as it could be. Just transfer your fiat to an exchange, use bitcoin atm or find someone from localbitcoins.
Painless?
Getting verified at an exchange is not exactly what I would call painless.
It is a lengthy process that requires much more information than an average user is willing to give up.
With Circle I can register and purchases instantly with a CC, all within a matter of minutes.
You don't need Circle for that! What the hell. All the verification trouble is because of LAWS not because lack of painless service. We need laws to change. Circle is nothing new. If they didn't put me in jail I'd be selling bitcoins as commodity myself over the iPizza protocol as if I operated just another online shop. However, I cannot do this because police will immediately fuck me up for that. How can Circle get past police and I don't? Does not compute.
Yes, yes. We very much need Circle for mainstream, non-technically inclined people to use Bitcoin. Before Circle there were no such service. Stop thinking the universe revolves around you.
I'm sure that panic buying will ensue because of this announcement.... right ghuyz? Right? Any minute now...
Every big Wall Street player is lining up in this very moment. We'll have 10k prices in a matter of days.
I quickly read the info about them and their about section but I still don't know what the hell are they trying to achieve and why does it matter. Can anyone explain?
They're making it a whole load more painless for an average personage to buy and own BTC.
What's so new about that? It is already as painless as it could be. Just transfer your fiat to an exchange, use bitcoin atm or find someone from localbitcoins.
Painless?
Getting verified at an exchange is not exactly what I would call painless.
It is a lengthy process that requires much more information than an average user is willing to give up.
With Circle I can register and purchases instantly with a CC, all within a matter of minutes.
You don't need Circle for that! What the hell. All the verification trouble is because of LAWS not because lack of painless service. We need laws to change. Circle is nothing new. If they didn't put me in jail I'd be selling bitcoins as commodity myself over the iPizza protocol as if I operated just another online shop. However, I cannot do this because police will immediately fuck me up for that. How can Circle get past police and I don't? Does not compute.
I quickly read the info about them and their about section but I still don't know what the hell are they trying to achieve and why does it matter. Can anyone explain?
They're trying to pump and dump. It's kinda sad it'll fail.
Now, now, stick to the doom mongering about the price - you don't fare well on other subjects.
Jump to: