Thanks for your honest opinion. Yes, Paypal sucks. Did you notice eBay has also raised fees? I hate all these fees. The fees are too high.
Same. Although, tbh, I factor fees into costs for most things, without thinking about it... you kinda have to. Banks move your money (and make way more than necessary, most agree) and charge for the security and reliability. It'd be a pain to do it any other way (except maybe BTC and the future). I use Amazon like mad. I pay for shipping of course, but as it happens, the total cost with the fees is less than the cost of the items in local stores, typically. Because local stores must pay for many things that Amazon has streamlined out -- clerks when the store is empty, utilities, a marketable location, etc. Amazon can efficiently run one warehouse in who-cares-where, and it is still cheaper.
Soon I expect people will flock to things like Bitcoin for the same reason we shop at Amazon. It just makes more sense; the old way is obsolete. Happily, instead of killing off mom-and-pop shops, we can gladly undercut the banking cartels.
Thanks for the honest answer but I fear if we dont say something the fees will get higher. I hope the free market comes up with a solution as gov intervention is always bad news for us the consumer.
BTW, where do you get your btc from? and how? Im asking you since you seem to know more then me and have experience, thanks in advance...
No problem.
I'm in the states, so I've got it easier from the start. I've tried many ways. Bought from Bitfloor back in the days when Roman had a Chase account -- set up deposit online, deposit slip and cash or traveler cheque etc at Chase, deposit into his account. Amounts associated it to my account on Bitfloor. Basically how it works now except it is thru "LocalTill" which is not really different except its Bank of America. Those banks both have so many locations its like Starbucks, so convenient and never far. Getting money back has always been free ACH transfers. Like SEPA or a wire but processes overnight on business days.
I've also used BitInstant on weekends or when in a hurry, in the form of BTC to an address of my choice. Just set it up and bring cash to any number of places like CVS, Walmart, etc. Works like a money order, instant to an address.
--btw, the jury is kinda out on whether or not BitInstant is in trouble after this month's meteoric rise. Their algorithm almost certainly lost them a lot of money in this market. Many reports of delayed or nonexistent transactions, lost funds, etc. I used them only a week ago, but im feeling cautious currently until I see problems addressed. There are also those who would tell you to stay away from Bitfloor which has been hacked before, which can always mean an inside job, though that seems unlikely after analysis of the blockchain. I'm pro-Bitfloor because Roman responds quick always, and the site doesn't lag or get affected by silly Gox shenanigans.
I guess somebody should clarify that it is Bitcoin itself that offers anonymity. Achieving anonymity involving fiat transfers is much trickier and often grey area. That is why f2f like localbitcoins is the recommended method for anonymity. There are dead drop services, and all sorts of stuff. As you said, the free market finds a way. Necessity is the mother of all invention.
