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I was with you until the final sentence, which makes you sound emotionally involved rather than putting forward a logical argument. That aside, let me retort;
by user24 13y ago
I was with you until the final sentence, which makes you sound emotionally involved rather than putting forward a logical argument.
That aside, let me retort;
> Its supposed to be easy but it isnt
I agree, and I'll be hugely surprised if some enterprising individual doesn't solve the friction soon.
> No I havent handed my photo to my bank and I wont do so for all the shady btc sites mentioned here. I dont hand my ID or "get verified" to amazon when buying stuff or other currencies either.
I agree. I used bitbargain which was essentially as easy - and documentation free - as using my internet banking to transfer some funds to some bloke's bank account, who then released coin to me. It made me nervous doing it (what other system asks you to log in to your internet banking and xfer funds to some guy's account, simply trusting that they will deliver?) but it's about as easy as it gets currently.
It's a new frontier, it's bound to be rough around the edges. And make no mistake, buying BTC is the edge. Once you've passed that hurdle, the simplicity is beautiful.
- jethro_tell 13y agoSo is the easy way to do it an escrow service that can protect you from getting jacked using the same method?
- user24 13y agoI'm not sure escrow services exist (yet). I don't know how exchanges work, having only bought on bitbargain, and never sold.
- mpg33 13y ago> I agree, and I'll be hugely surprised if some enterprising individual doesn't solve the friction soon. This is one of the upsides to Bitcoin IMO..much more innovation is possible with something like Bitcoin than the current financial system.
- jnbiche 13y ago>I agree, and I'll be hugely surprised if some enterprising individual doesn't solve the friction soon. Well, unfortunately, it's not a lack of innovation. It's government regulations. Hundreds of people are capable of setting up and marketing quick and easy ways to buy/sell Bitcoins, but they can't do it without risking jail time for breaking money transmission laws. Entrepreneurs are eager to take risks, but not the kind of risk that can land you in prison.