Those that understand Ripple
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It’s the corporate federal reserve. We can do better.
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[quote name=“UKMark” post=“8702” timestamp=“1370127461”]
[quote author=ghostlander link=topic=1110.msg8699#msg8699 date=1370127004]
Ripple is a big fraud targeted at BTC and other cryptos.
[/quote]I must admit I have had this thought myself.
[/quote]This question is to address direct responses from merchants that aren’t interested in Feathercoin. Without a service such as Bitpay, most simply aren’t interested in holding a coin they can barely understand. I’m just trying to come up with creative solutions to bring more aboard. If you take a look at Litecoin’s merchant lists (which we have been) they’re not doing much better which is disappointing and yet reassuring on the challenges.
At the same time there’s stress getting FTC. When I talk to people about the coin, I’m often asked ‘Great, where do I buy it?’. As you know, it’s a bit of a process to move USD to FTC and becoming more of a nightmare to reverse the process.
I’m optimistic we’ll figure out the puzzle, but these are real concerns on adoption.
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Justabitoftime, I’ll accept PayPal for Feathercoin if it means I can upgrade my mining rig.
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[quote name=“zerodrama” post=“8711” timestamp=“1370129100”]
Justabitoftime, I’ll accept PayPal for Feathercoin if it means I can upgrade my mining rig.
[/quote]Paypal… don’t even get me started with that company. Aside from my personal issues dealing with them, isn’t our biggest challenge with Paypal chargebacks?
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Yeah, but if you’re bringing in friends and family or established businesses it’s fine.
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[quote name=“zerodrama” post=“8713” timestamp=“1370129369”]
Yeah, but if you’re bringing in friends and family or established businesses it’s fine.
[/quote]Friends and family -> I am the middleman :)
Businesses -> That’s where it gets interesting.
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[quote name=“Smoothie” post=“8650” timestamp=“1370112590”]
Maybe create a payment processor that automatically does the price lock-in like bitpay and transfer funds. That is the only solution I can think of.
[/quote]Agreed.
Would “colored coins” offer a solution to this problem? Which is along the same lines as ripple.
[url=http://youtu.be/_qdr_Z3hrqQ?t=8m36s]http://youtu.be/_qdr_Z3hrqQ?t=8m36s[/url] … I’m including the merged mining and layered currency segment as well (because I want you guys to hear it and think about the possibilities it opens up), but what may apply to this discussion in particular is the colored coin discussion that follows.
The above video may be what started this entire thread in the first place. lel
Also see : [url=https://bitcointalk.org/index.php?topic=212490.0]https://bitcointalk.org/index.php?topic=212490.0[/url]
[url=http://feedback.feathercoin.com/forums/208241-general/suggestions/3999931-implement-the-holy-grail-ot-bitmessage-]http://feedback.feathercoin.com/forums/208241-general/suggestions/3999931-implement-the-holy-grail-ot-bitmessage-[/url] ;)
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[quote name=“justabitoftime” post=“8709” timestamp=“1370128308”]
At the same time there’s stress getting FTC. When I talk to people about the coin, I’m often asked ‘Great, where do I buy it?’. As you know, it’s a bit of a process to move USD to FTC and becoming more of a nightmare to reverse the process.
[/quote]Yes, that’s a problem for most cryptos. Most people have nothing to do with mining or day trading, and they don’t want to. If we figure out a quick and easy way for those people to convert FTC into USD/EUR and vice versa, we’re into a real success.
PayPal stinks strong even without chargebacks. Their business policies have nothing to do with common business ethics. I’ve accepted a PayPal payment for the last time some 10 years ago, and things have got much worse since.
