Topic: Major defeat toward my plan to drop my bank - page 2. (Read 1205 times)
Can you use bitcoin debit cards like Xapo to pay your bills, at least the smaller ones?
I have pretty much reached the point where I can live off of bitcoins without using any credit/debit cards. My plan was to reach the point where I can drop my bank. The only thing I use my bank account for at this point is paying my mortgage and my lawn service for the house I have in the US.
Last month I decided to pay a big bill for my lawn service of $750 through BillPayForCoins.com. They ended up taking my bitcoins and not paying my bills (which I just found out last week from my lawn guy). I'm glad I didn't try paying my mortgage last month.
DO NOT USE BillPayForCoins.com!
Their claim is that while one partner was out of town on family issues the bank shut down their account. That's all well and good but they still took my bitcoins and haven't responded to any e-mails or phone calls to get my money back.
This is a major blow toward the idea of having a Bitcoin Bill Pay service in the US. They can do it in Canada and Australia, it appears that the banks in the US are in "then they fight you" phase against Bitcoin.
So what should the solution be? The way I see it, the answer usually comes from technology and decentralization.
I think the way it could be done would be somehow using OpenBazaar to do something like BitQuick where individuals can sign up to use their bank accounts to pay bills and get a percentage of profit. You would have a list of people willing to pay your bills with Bitcoins. You send it through an escrow and the bitcoins could be released upon verification that the payment went through (or a set amount of days). As a bonus, if someone could write a plugin to automatically set up the Bill Payment then it would essentially be a free money generator for anyone running it. Decentralized, people can turn their cash into bitcoins and no way for the banks to shut it down.
Last month I decided to pay a big bill for my lawn service of $750 through BillPayForCoins.com. They ended up taking my bitcoins and not paying my bills (which I just found out last week from my lawn guy). I'm glad I didn't try paying my mortgage last month.
DO NOT USE BillPayForCoins.com!
Their claim is that while one partner was out of town on family issues the bank shut down their account. That's all well and good but they still took my bitcoins and haven't responded to any e-mails or phone calls to get my money back.
This is a major blow toward the idea of having a Bitcoin Bill Pay service in the US. They can do it in Canada and Australia, it appears that the banks in the US are in "then they fight you" phase against Bitcoin.
So what should the solution be? The way I see it, the answer usually comes from technology and decentralization.
I think the way it could be done would be somehow using OpenBazaar to do something like BitQuick where individuals can sign up to use their bank accounts to pay bills and get a percentage of profit. You would have a list of people willing to pay your bills with Bitcoins. You send it through an escrow and the bitcoins could be released upon verification that the payment went through (or a set amount of days). As a bonus, if someone could write a plugin to automatically set up the Bill Payment then it would essentially be a free money generator for anyone running it. Decentralized, people can turn their cash into bitcoins and no way for the banks to shut it down.
Sorry to hear that Elwar, I've always admired your motivation & desire to be such a bitcoin innovator & visionary.
Just look at this as a minor speed bump though, don't be too disheartened. This is clearly not your fault nor a failure in the bitcoin infrastructure. Keep going bro, I'm not brave enough to do what you've done & go all in. I'm a mere HODLER but I do admire your bravery & determination to be 100% Bitcoin.
I have pretty much reached the point where I can live off of bitcoins without using any credit/debit cards. My plan was to reach the point where I can drop my bank. The only thing I use my bank account for at this point is paying my mortgage and my lawn service for the house I have in the US.
Last month I decided to pay a big bill for my lawn service of $750 through BillPayForCoins.com. They ended up taking my bitcoins and not paying my bills (which I just found out last week from my lawn guy). I'm glad I didn't try paying my mortgage last month.
DO NOT USE BillPayForCoins.com!
Their claim is that while one partner was out of town on family issues the bank shut down their account. That's all well and good but they still took my bitcoins and haven't responded to any e-mails or phone calls to get my money back.
This is a major blow toward the idea of having a Bitcoin Bill Pay service in the US. They can do it in Canada and Australia, it appears that the banks in the US are in "then they fight you" phase against Bitcoin.
So what should the solution be? The way I see it, the answer usually comes from technology and decentralization.
I think the way it could be done would be somehow using OpenBazaar to do something like BitQuick where individuals can sign up to use their bank accounts to pay bills and get a percentage of profit. You would have a list of people willing to pay your bills with Bitcoins. You send it through an escrow and the bitcoins could be released upon verification that the payment went through (or a set amount of days). As a bonus, if someone could write a plugin to automatically set up the Bill Payment then it would essentially be a free money generator for anyone running it. Decentralized, people can turn their cash into bitcoins and no way for the banks to shut it down.
Last month I decided to pay a big bill for my lawn service of $750 through BillPayForCoins.com. They ended up taking my bitcoins and not paying my bills (which I just found out last week from my lawn guy). I'm glad I didn't try paying my mortgage last month.
DO NOT USE BillPayForCoins.com!
Their claim is that while one partner was out of town on family issues the bank shut down their account. That's all well and good but they still took my bitcoins and haven't responded to any e-mails or phone calls to get my money back.
This is a major blow toward the idea of having a Bitcoin Bill Pay service in the US. They can do it in Canada and Australia, it appears that the banks in the US are in "then they fight you" phase against Bitcoin.
So what should the solution be? The way I see it, the answer usually comes from technology and decentralization.
I think the way it could be done would be somehow using OpenBazaar to do something like BitQuick where individuals can sign up to use their bank accounts to pay bills and get a percentage of profit. You would have a list of people willing to pay your bills with Bitcoins. You send it through an escrow and the bitcoins could be released upon verification that the payment went through (or a set amount of days). As a bonus, if someone could write a plugin to automatically set up the Bill Payment then it would essentially be a free money generator for anyone running it. Decentralized, people can turn their cash into bitcoins and no way for the banks to shut it down.
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