Moa,
Thanks for the link, i am still finding my way around.and will add that link to my alternative currency website. www.bear-river-dollar.com
Topic: there is only ONE thing we really need (Read 3954 times)
Nelisky,
To break the Ice regards your bank contacts,i would like to ask them if they were interested in making a boat load of money ! that usually gets ones attention. Then i would ask them how you go about setting up a company that can issue pre paid credit cards for world wide use and what sort of commissions you are likely to get paid by provider for doing so. no need to mention bitcoin as it will not even be on there radar.
well that's something i would like to know anyway . how much commision do the banks get for new pre paid credit card customers ?
To break the Ice regards your bank contacts,i would like to ask them if they were interested in making a boat load of money ! that usually gets ones attention. Then i would ask them how you go about setting up a company that can issue pre paid credit cards for world wide use and what sort of commissions you are likely to get paid by provider for doing so. no need to mention bitcoin as it will not even be on there radar.
well that's something i would like to know anyway . how much commision do the banks get for new pre paid credit card customers ?
Yeah this service is great, but it would be even greater if the cards were physical and reloadable.
There is a guy who provides such a service but unfortunately it doesn't work very well out of USA.
The world currencies are not quite yet obsolete. a stepping stone or bridge is required to link the old system to the new system , gradually introducing new people. The problem i see is that those who control the old system also control the network machines/card readers at point of sale, so for now bitcoins must be able to be converted to mastercard or visa using them as this bridge. a bitcoin exchange company could be set up that issues all of its members with a pre paid visa/mastercard. in much the same way as a company issues each of it's employees with one to pay wages and or expenses. mutltiple cards linked to one account.
if this company start up trusts bitcoin and issued these cards the problem would be solved. as anyone wanting exchange or there card topped up could send bitcoin to it in any amount from any country.use somthimg like this
http://www.cashpassport.com/
if this company start up trusts bitcoin and issued these cards the problem would be solved. as anyone wanting exchange or there card topped up could send bitcoin to it in any amount from any country.use somthimg like this
http://www.cashpassport.com/
Snap, already got it ....
https://www.bitcoin2cc.com/
Say I have a point of entry into 2 banks. Unfortunately not small local banks but rather big financial institutions, and also unfortunately my contacts on both accounts are low on the food chain, but can introduce me to the next levels in the pyramid.
What would I, as a tech dude not that much knowledgeable in economics, use as ice breaker? Remember that these dudes will not care for the pseudo-anonymous side of bitcoins, and will require knowing the color of your underwear before giving you money for your bitcoins, which means they'll then report that back and make you traceable for tax purposes.
Is it wise at all to consider doing this?
What would I, as a tech dude not that much knowledgeable in economics, use as ice breaker? Remember that these dudes will not care for the pseudo-anonymous side of bitcoins, and will require knowing the color of your underwear before giving you money for your bitcoins, which means they'll then report that back and make you traceable for tax purposes.
Is it wise at all to consider doing this?
The world currencies are not quite yet obsolete. a stepping stone or bridge is required to link the old system to the new system , gradually introducing new people. The problem i see is that those who control the old system also control the network machines/card readers at point of sale, so for now bitcoins must be able to be converted to mastercard or visa using them as this bridge. a bitcoin exchange company could be set up that issues all of its members with a pre paid visa/mastercard. in much the same way as a company issues each of it's employees with one to pay wages and or expenses. mutltiple cards linked to one account.
if this company start up trusts bitcoin and issued these cards the problem would be solved. as anyone wanting exchange or there card topped up could send bitcoin to it in any amount from any country.use somthimg like this
http://www.cashpassport.com/
if this company start up trusts bitcoin and issued these cards the problem would be solved. as anyone wanting exchange or there card topped up could send bitcoin to it in any amount from any country.use somthimg like this
http://www.cashpassport.com/
You need bitcoin dealers who deal with national currencies and can transmit money to other countries. The problem is, we're very dispersed so it's actually hard to setup a network of bitcoin cash dealers so it is hard to set up these kind of things. That way you can set up a peer to peer network of currency exchangers.
The exchanger network is sophisticated and established, although most today deal with WebMoney, Liberty Reserve, c-Gold, Pecunix, gBullion, etc, etc. It is only a matter of market demand before the leading ones add bitcoin. They are already localised for their regional focus into and out of some national currencies. I would estimate that there are over 2,000 digital currency exchangers in the world today.
This is a valid point, essentially Bitcoin is an Internet currency and knows no borders or is location agnostic, unlike any other national currency.
To make it useful and easy for international transfers, including a 'last mile' step in/out of local currencies it may be as simple as single piece of application s/ware. An app. that any of the local exchanges can run and use to verify that a currency transfer has taken place with a partnered exchange on the other side of the globe running the same app.
Hmmmm .... may not be that difficult.
You need bitcoin dealers who deal with national currencies and can transmit money to other countries. The problem is, we're very dispersed so it's actually hard to setup a network of bitcoin cash dealers so it is hard to set up these kind of things. That way you can set up a peer to peer network of currency exchangers.
The exchanger network is sophisticated and established, although most today deal with WebMoney, Liberty Reserve, c-Gold, Pecunix, gBullion, etc, etc. It is only a matter of market demand before the leading ones add bitcoin. They are already localised for their regional focus into and out of some national currencies. I would estimate that there are over 2,000 digital currency exchangers in the world today.
A p2p distributed exchange client is an idea that is much easier said than done.>
Please explain the difficulty and the problems to be overcome to enable this .
Please explain the difficulty and the problems to be overcome to enable this .
Well, amongst the difficulies I see, there is the problem for automatisation of paiements for currencies that are not purely digitals. Basically I'm talking about interfacing the current banking systems.
A peer-to-peer exchange system would be feasible I guess if all currencies were bitcoin-like. But they are not. We have to deal with the obsolete currencies. And it's tricky.
There is the Ripple project. But as far as I know, there is currently no real functionnal implementation yet.
A p2p distributed exchange client is an idea that is much easier said than done.>
Please explain the difficulty and the problems to be overcome to enable this .
Please explain the difficulty and the problems to be overcome to enable this .
grondilu, please stay out of the banking system. If exchange is the issue, I think what we need more is a p2p distributed exchange client.
A p2p distributed exchange client is an idea that is much easier said than done.
Some people like the current banking system. You might regret it, but it's a fact. I won't try too hard to convince them that bitcoin is a better currency.
Plus, if we trully believe in free market and economic freedom, then we must see the current financial system just as an other system.
If a marchand accepts only national currencies, I can't force him to accept bitcoins. That's why we need a compatibility layer that allows me to convert my bitcoins into national currencies whenever I need to to buy stuffs from people who don't like bitcoins.
It doesn't defeat the purpose of bitcoins, since I can express my preference towards bitcoins by NOT storing any national currencies in a bank account for more than a few minutes time.
We need a "bitcoin friendly" bank. Basically a conventional bank that would be aware of bitcoins and would offer automatic conversion via exchange market, using nothing but your VISA card (possibly in conjonction with a smartphone).
grondilu, please stay out of the banking system. If exchange is the issue, I think what we need more is a p2p distributed exchange client.
You need bitcoin dealers who deal with national currencies and can transmit money to other countries. The problem is, we're very dispersed so it's actually hard to setup a network of bitcoin cash dealers so it is hard to set up these kind of things. That way you can set up a peer to peer network of currency exchangers.
We need a "bitcoin friendly" bank. Basically a conventional bank that would be aware of bitcoins and would offer automatic conversion via exchange market, using nothing but your VISA card (possibly in conjonction with a smartphone).
grondilu, please stay out of the banking system. If exchange is the issue, I think what we need more is a p2p distributed exchange client.
Regarding the confused statements of precious metals partnering with bitcoin, you people miss the entire point of bitcoin. I am a gold/silver bug myself and a Dec 2010 long position in BTC would have outperformed gold. In the long run, it should keep pace with gold and silver.
What exactly relates the hypothetically stored silver to the cryptocurrency?
It depends on your perspective relative to your own personal values. for instance if i put aside and save an equal value amount of silver , to every fiat dollar i load on my mastercard for tading purposes. i know that whatever happens to the fiat dollar, whether i gain or lose on the trades i make, i still have MY true value stored safely. I send fiat play money out into the world to bring a return. part of which i then convert into a real asset.in my case silver .what exactly relates the cryptocurrency to silver is ME . as my labour relates to my taxes and fiat currency. whatever currency you use, if you have more going out than you have coming in, it,s not a lot of good as in the end you become broke. if a person can organise to have more currency coming in than he it pays out, then so can a group, company or bank dealing in any currency they like.
It depends on your perspective relative to your own personal values. for instance if i put aside and save an equal value amount of silver , to every fiat dollar i load on my mastercard for tading purposes. i know that whatever happens to the fiat dollar, whether i gain or lose on the trades i make, i still have MY true value stored safely. I send fiat play money out into the world to bring a return. part of which i then convert into a real asset.in my case silver .what exactly relates the cryptocurrency to silver is ME . as my labour relates to my taxes and fiat currency. whatever currency you use, if you have more going out than you have coming in, it,s not a lot of good as in the end you become broke. if a person can organise to have more currency coming in than he it pays out, then so can a group, company or bank dealing in any currency they like.
Maybe the best approach would be to find a small local bank to partner with to issue a bitcoin backed debit card. If someone knows an executive at such a bank, it might be worth talking to them about it. I imagine you could issue at least a few hundred such cards right off the bat.
Who said anything about regulations. we just do it !
each member holds silver at home to back project, so the bit coins issued are bomb proof.
each member holds silver at home to back project, so the bit coins issued are bomb proof.
That's a funny one. What exactly relates the hypothetically stored silver to the cryptocurrency?
I think you haven't thought this through.
re:there is only ONE thing we really need
is it LOVE ?
is it LOVE ?
Who said anything about regulations. we just do it !
each member holds silver at home to back project, so the bit coins issued are bomb proof.if internet goes down these particular bitcoins are backed by silver . just as geeks trust bitcoin and have a de centralized system, so think the silver bugs that collect silver for the same reasons. why not combine the two groups to form an online bank that no government or individual can control or seize.the value is stored collectively among the members . the bitcoin become the play money you trade with to increase holdings/profits of bank.
all members have a vested interest in it as tangible assets build, all having an equal share in it,s success..
each member holds silver at home to back project, so the bit coins issued are bomb proof.if internet goes down these particular bitcoins are backed by silver . just as geeks trust bitcoin and have a de centralized system, so think the silver bugs that collect silver for the same reasons. why not combine the two groups to form an online bank that no government or individual can control or seize.the value is stored collectively among the members . the bitcoin become the play money you trade with to increase holdings/profits of bank.
all members have a vested interest in it as tangible assets build, all having an equal share in it,s success..
How many of you are willing to put money(bitcoins)/time on thist?
Does anybody know bitcoin founders - maybe they are willing to invest a bitcoins to this development?
Does anybody know bitcoin founders - maybe they are willing to invest a bitcoins to this development?
This is going to require a huge, huge investment. Just getting past regulations is going to be super expensive. Probably more investment than the entire bitcoin economy just to get going. Right now it's not worth it for anyone to do this, even if they had the funding.
How many of you are willing to put money(bitcoins)/time on thist?
Does anybody know bitcoin founders - maybe they are willing to invest a bitcoins to this development?
Does anybody know bitcoin founders - maybe they are willing to invest a bitcoins to this development?
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