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Is it such a good idea to invest in something that's built on deprecated software (Windows XP)? And to handle money, no less. I'm a layman in regards to this, but is there a valid reason to choose XP over, lets say, a LTS Ubuntu release? Maybe some PCI ruling or something like that? Just seems strange and I've had a bad vibe ever since I read it.
Earlier quoted context omitted.
Interesting, thanks for the clarification.
This is true, you'll notice atm machines when under maintenance shows the classic XP screen. Though I do not know, why they still use that.
It's the repeated false promises and claims he makes in his e-mails that create this impression, for example the quick refund. A serious businessman only promises this if he can make absolutely sure that the customer will get it (and it doesn't matter that he wrote "we hope to ...", it's a clear message). I've also read Jordan's reddit posts, sounds fishy as hell.
If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance. Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee. Having your bank finance the trade is worthwhi…
Why is there an opportunity with bitcoin? Aren't the costs and fees paying for the legal agreements, risk management, arbitration and things like that? Bitcoin might possibly reduce the cost of moving the dollars around but I suspect this is a very small fraction of the cost of this type of service.
If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance. Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee. Having your bank finance the trade is worthwhi…
>There is a huge opportunity in cutting the costs and fees associated with trade finance with bitcoin. Why is there an opportunity with bitcoin? Aren't the costs and fees paying for the legal agreements, risk management, arbitration and things like that? Bitcoin might possibly reduce the cost of moving the dollars around but I suspect this is a very small fraction of the cost of this type of service.
If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance. Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee. Having your bank finance the trade is worthwhi…
If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance. Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee. Having your bank finance the trade is worthwhi…
The fraud level in the Bitcoin world is so high that it makes South Florida look good. There's a working Robocoin ATM at Hacker Dojo in Mountain View, CA. Nobody uses it. Nor should they. 15% bid/ask spread, 5% fee. Incidentally, the retail price for an ordinary ATM machine is $2,000 to $4,500, depending on the features ordered. A standard through-the-wall bank ATM is about $9,500. Even if you order every option from…
"Incidentally, the retail price for an ordinary ATM machine is $2,000 to $4,500" But, but.... those banks know nothing about bitcoin, it's the future... And of course, the markup is moot, because you didn't get the product.
If you're wondering how you should do these types of transactions without putting cash up front, the field is called trade finance. Call your bank - most of them have a trade finance desk, or Google the term. A slightly cheaper way of doing it is to have a lawyer draft a terms of trade or supply agreement with either the funds in escrow with the firm or a bank guarantee. Having your bank finance the trade is worthwhi…
Like a bank is going to offer trade finance on this?!? Seriously. That should be clue enough.