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Instant Bitcoin Purchases at Coinbase

blog.coinbase.com

61–70 of 88 posts

Re: Instant Bitcoin Purchases at Coinbase

#65
Way to go Coinbase!

It's awesome to see some innovation coming to Bitcoin. This model (instant purchasing) is similar to Paypal's Instant payment, and even accounting for the risk/reward, I think it's an absolutely great method to help push Bitcoin adoption and position Coinbase for a goto for merchants and more importantly customers.

Re: Instant Bitcoin Purchases at Coinbase

#66

Someone credible is finally trying to compensate for the abysmal failure that is Bitinstant (see http://bitinstantscam.com and basically any Bitcoin forum). That is fantastic. However, let's not get carried away. This is not instant for first-time users. You still have to go through verification and wait at least 4 business days for your first purchase to go through before reaching the qualifications for instant purc…

> instant deposit methods such as Western Union and Moneygram

Have you actually tried to send a Western Union lately? Ugh. It is a nightmare compared to just linking your bank account.

I use Coinbase because they don't support payment systems that cater to criminals.

Re: Instant Bitcoin Purchases at Coinbase

#67

Someone credible is finally trying to compensate for the abysmal failure that is Bitinstant (see http://bitinstantscam.com and basically any Bitcoin forum). That is fantastic. However, let's not get carried away. This is not instant for first-time users. You still have to go through verification and wait at least 4 business days for your first purchase to go through before reaching the qualifications for instant purc…

[deleted]

Re: Instant Bitcoin Purchases at Coinbase

#68
post #36

Different strokes for different folks, but I'll never understand why someone would want to buy bitcoins with their personal info attached to the coins. It seems to defeat the purpose of a pseudonymous, decentralized currency.

What, did you expect bitcoin to suddenly create an anonymous economy out of thin air? Unless you can create value, and then charge bitcoin anonymously for that value you have to convert previous holdings into bitcoin. You can do so anonymously via cash P2P. But if you would like to convert funds from the current system, you have to 1) use the current system 2) play by their rules. This really doesn't even hurt the an…

I've never used Bitinstant, Coinbase or any of the other services that would attach my info to btc. I've worked to establish trading trust with other Bitcoin users and have traded physical metals and electronic gear for btc.

It takes a little more effort but all good things do.

Re: Instant Bitcoin Purchases at Coinbase

#69
post #54
post #46

Earlier quoted context omitted.

The purpose of bitcoin is that the user controls it. It's about trust. Do you trust a bank with your money? Cypriots sure found out the hard way when their bank accounts were suddenly frozen. Do you trust a government with your currency? Argentinians sure don't as they're experiencing 10-20% inflation rates. Bitcoin allows you to store your wealth without being fleeced by currency controls of parasitic central banks.…

The purpose of bitcoin is hoarding and speculation.

They're your bitcoins. You can do whatever you want with them, unlike fiat.

Re: Instant Bitcoin Purchases at Coinbase

#70
post #66

Someone credible is finally trying to compensate for the abysmal failure that is Bitinstant (see http://bitinstantscam.com and basically any Bitcoin forum). That is fantastic. However, let's not get carried away. This is not instant for first-time users. You still have to go through verification and wait at least 4 business days for your first purchase to go through before reaching the qualifications for instant purc…

> instant deposit methods such as Western Union and Moneygram Have you actually tried to send a Western Union lately? Ugh. It is a nightmare compared to just linking your bank account. I use Coinbase because they don't support payment systems that cater to criminals.

> I use Coinbase because they don't support payment systems that cater to criminals.

Banks are little more than fronts for criminal activity.

http://www.counterpunch.org/2013/01/04/big-banks-and-drug-mo...

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