4 ms·
Good bitcoin purchases: $22 soandso@gmail.com [30 minutes later] $50 someone@real-company.com [30 minutes later] $15 person@real-company.com etc.
by jeff18 10y ago
Good bitcoin purchases:
$22 soandso@gmail.com
[30 minutes later]
$50 someone@real-company.com
[30 minutes later]
$15 person@real-company.com
etc.
Bad bitcoin purchases:
$1.00 asdfklasdklfm1@yahoo.com [1 second later]
$1.00 asdfklasdklfm2@yahoo.com [1 second later]
$1.00 asdfklasdklfm3@yahoo.com [1 second later]
$1.00 asdfklasdklfm4@yahoo.com [1 second later]
$1.00 asdfklasdklfm5@yahoo.com [1 second later]
etc.
(queue removal of bitcoin)
- ThatPlayer 10y agoHave you considered allowing them if you have a valid credit card on file. For example, I'm currently a Humble Monthly subscriber which already gives me a one click purchase options through the credit card on file. Vultr, a VPS Host, accepts Bitcoins but started to require a valid credit card or Paypal purchase before accepting Bitcoins to prevent ToS violators who used Bitcoin.
- kevindong 10y agoBut would that not defeat the purpose of Bitcoin (don't need to interact with the massive financial institutions, anonymity, etc.)?
- samb1729 10y agoIt's not necessarily the case that someone would want to use Bitcoin for anonymity, it might just be a more convenient payment method or something else. Doesn't hurt to give people more places to spend their Bitcoin even if the circumstances are less than ideal.
- kevindong 10y agoIn what way can Bitcoin be considered a meaningful alternative (however you define it) if you also have to input a valid credit card number (that, presumably, the merchant will run the traditional $1 verification charge on)? The reality is that Bitcoin is less convenient than using a regular credit card (because, realistically, you're not going to be mining Bitcoin but rather you'll be buying Bitcoin using your regular credit card/bank account). I would argue that Bitcoin is also worse in every way (no chargebacks, wild fluctuations in the valuation of a unit of Bitcoin, etc.) if you also don't care about anonymity and the product you're buying is fully legal.
- rtpg 10y agoCC serves as verification. Bitcoin has less fees. So it's like "providing an ID", and then paying. Even if bitcoin is not "anonymous" (pseudonymous), there's still the decentralised+cheap nature of it that's worthwhile.
- traviscj 10y agoFees argument doesn't really hold water because authorizations costs money too, even if subsequently voided.
- akavel 10y agoOk, I think I understand - that you mean some more general money laundering of bitcoin? where source of the money need not be known, because behavior shows that it just has to be money laundering. Tx!
- jsprogrammer 10y agoHow exactly does the laundering happen in this scheme? Isn't the money just being sent to Humble, never to return to the person who sent it?
- crishoj 10y agoThe flow of money doesn't terminate at Humble.
- jsprogrammer 10y agoWouldn't Humble need to be in on the laundering then? Or are the launderers able to be in cahoots with the publisher of games?
- TylerE 10y agoThe keys get sold on sketchy scam websites like G2A
- chii 10y agoshouldn't/couldn't the publisher who own the key then just deactivate the key if the source of the money is found to be a laundered source?
- sliverstorm 10y agoI imagine they'd rather avoid the whole mess entirely
- Jarwain 10y agoSender gets game keys from Humble and resells the keys for profit.
- ryan-c 10y agoSad to see it go - I've used it to pay for humble bundles a couple of times.
- gggggg11111 10y agoYeh they lost a customer there, anyways can buy from Steam now direct with bitcoin most of time there are great offers there too. edit: oh look downvoted for speaking my mind, go HN groupjerk