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[Payment Option] Bitcoins. Yes. Bitcoins

Author
Girly'girl
Bitcoin Hegemony
#41 - 2013-09-10 11:06:18 UTC  |  Edited by: Girly'girl
Bitcoin is also completely legal. Recently there has actually been many positive developments regarding the legality of using Bitcoin. It's more legal than ever before. The only country where it's problematic on the legal side is Thailand, but I believe it will get sorted over there as well. In the US and EU there is absolutely no concern for Bitcoin users/merchants.

They have significantly increased Bitcoin exchange regulation requirements, but that is for the exchanges to sort out. The legality of Bitcoin in general has become much clearer in a positive way, which likely accounts for some of the recent price increases.

Bitcoin Hegemony is recruiting. We're a cryptocurrency endorsing corp focused on PvP. Both newbies and veterans accepted.

Sgt Ocker
What Corp is it
#42 - 2013-09-10 11:18:18 UTC
I suppose it depends on your definition of bad press and where you want to look for it.
Quote:
Bitcoin is already used by cybercriminals today. A black market drug site called Silk Road accepts Bitcoins in selling illegal drugs such as heroin, cocaine, marijuana and a wide variety of pills.


Quote:
In April, the Department of Homeland Security seized the accounts of Bitcoin exchanger Mutum Sigillum LCC, a subsidiary of Mt. Gox. A warrant used in the seizure said the subsidiary was running an unlicensed money service in violation of U.S. law.


Quote:
A major problem with Bitcoin for large criminal operations is the wide fluctuation in the currency's value. For example, in April a Bitcoin went from $266 to as low as $105, due to an influx of new buyers and software that couldn't keep up.



Quote:
Blaming Bitcoin for its black market use is the same as blaming the dollar for all the numerous illegal activities done with them. It's not bitcoins or dollars doing those things, it's people.
Please oh please before you make statements like this, look at the history of the item and how it originally came about. The 1st and for a while only major use for bitcoins was to buy and sell illicit drugs..

Hmmm, yeah CCP get on board with this.

My opinions are mine.

  If you don't like them or disagree with me that's OK.- - - - - - Just don't bother Hating - I don't care

It really is getting harder and harder to justify $23 a month for each sub.

Girly'girl
Bitcoin Hegemony
#43 - 2013-09-10 11:42:39 UTC  |  Edited by: Girly'girl
Sgt Ocker wrote:
I suppose it depends on your definition of bad press and where you want to look for it.

From what I've seen now, your definition of bad press implies an IQ of close to 0. I was not, at any time, referring to bad press for Bitcoin. That is entirely irrelevant. Bad press for Bitcoin is the same as bad press for the central banks, commercial banks and VISA. Is that bad press somehow linked to the companies using services from the mentioned entities? No it's not. It would be imbecil-level ridiculousness for it to be, and the same applies to Bitcoin.

I have not seen the services using Bitcoin get bad press because they use Bitcoin. It's not an endorsement, it's accepting an alternative payment method, plain and simple. The companies using Bitcoin have no responsibility for other Bitcoin use, just as companies using dollars can't have responsibility for other dollar uses.

Quote:
Bitcoin is already used by cybercriminals today. A black market drug site called Silk Road accepts Bitcoins in selling illegal drugs such as ******, *******, ********* and a wide variety of pills.

This is quite true, and it's not a reason to not accept Bitcoin. The illegal activities around Bitcoin do not decrease by not accepting it.

Quote:
In April, the Department of Homeland Security seized the accounts of Bitcoin exchanger Mutum Sigillum LCC, a subsidiary of Mt. Gox. A warrant used in the seizure said the subsidiary was running an unlicensed money service in violation of U.S. law.

This is not even a Bitcoin issue, like I explained previously. Mt. Gox wasn't sertified in the US to run the kind of business they run. There are however other US companies such as Bitpay and Coinbase that have flawless track record.

"Currency Fluctuation"

As I've explained the fluctuation is a non-issue. The merchants can go around it, the users don't care since the value on average goes up. That's all that matters. Bitcoin was at $15 in January, now it's over $100. In 2012 it was less than $10 most of the time. In 2011 it was less than $5 most of the time. And so on.

Quote:
Please oh please before you make statements like this, look at the history of the item and how it originally came about. The 1st and for a while only major use for bitcoins was to buy and sell illicit drugs..

This is BS. Bitcoin came about as a decentralized currency meant to compete with national currencies and the banking system. From there it has been used for many purposes. I agree that the emergence of Silk Road was the first time Bitcoin hit mainstream news, which was a big deal back in 2011. Regardless, it's used for a lot of things now.


This again highlights the lack of understanding. First of all, botnets are mostly good for the Bitcoin network. They add security, which is what the mining process is for. Second of all, botnets are becoming useless for Bitcoin mining due to the emergence of ASIC mining chips. So that news is somewhat non-relevant at this time.

There is one thing in common with Eve and Bitcoin though. The only place where I've seen more scams than Bitcointalk (unofficial Bitcoin forum) is Eve. :)

Anyways, Eve as a game is as close to Bitcoin as anything. It's a sandbox and (mostly) a free market. Bitcoin is exactly that as well, so it's a good match. I'm not surprised that there are many Eve players in the Bitcoin community, and there are, trust me on that.

Bitcoin Hegemony is recruiting. We're a cryptocurrency endorsing corp focused on PvP. Both newbies and veterans accepted.

Sgt Ocker
What Corp is it
#44 - 2013-09-10 12:02:41 UTC
Girly'girl wrote:

This again highlights the lack of understanding. First of all, botnets are mostly good for the Bitcoin network. They add security, which is what the mining process is for. Second of all, botnets are becoming useless for Bitcoin mining due to the emergence of ASIC mining chips. So that news is somewhat non-relevant at this time.

There is one thing in common with Eve and Bitcoin though. The only place where I've seen more scams than Bitcointalk (unofficial Bitcoin forum) is Eve. :)

Anyways, Eve as a game is as close to Bitcoin as anything. It's a sandbox and (mostly) a free market. Bitcoin is exactly that as well, so it's a good match. I'm not surprised that there are many Eve players in the Bitcoin community, and there are, trust me on that.
The main and probably most important difference between eve and bitcoins - 1 you are risking game currency, the other real money.

By the time the respective govts get around to regulating and putting controls in place bitcoins will end up no more than an alternative to your mastercard. Bitcoins will never disappear but the days of making big bucks out of them have.
And yes I'm sure there are many eve scammers plying their eve learned trade on bitcoins and like they do in eve, if smart enough, will know when to get out. I got out as advised by someone who deals in bitcoins.

My opinions are mine.

  If you don't like them or disagree with me that's OK.- - - - - - Just don't bother Hating - I don't care

It really is getting harder and harder to justify $23 a month for each sub.

Girly'girl
Bitcoin Hegemony
#45 - 2013-09-10 12:15:10 UTC  |  Edited by: Girly'girl
Sgt Ocker wrote:
The main and probably most important difference between eve and bitcoins - 1 you are risking game currency, the other real money.

By the time the respective govts get around to regulating and putting controls in place bitcoins will end up no more than an alternative to your mastercard. Bitcoins will never disappear but the days of making big bucks out of them have.
And yes I'm sure there are many eve scammers plying their eve learned trade on bitcoins and like they do in eve, if smart enough, will know when to get out. I got out as advised by someone who deals in bitcoins.

You and your "bitcoin dealer" probably lack understanding of the revolutionary effects of the cryptocurrency phenomenon. Bitcoin is just one of them, which is the most promising one right now quite clearly, but the whole point of the technology is decentralization and openness (open source), which allows for quite flexible innovation if need be.

I find it a curious time to quit Bitcoin when the Bitcoin economy is experiencing its by far largest advancements and is going through the largest growth period it has ever had. However if you bought bitcoins 3 years ago and heard of it again just now, you have been first of all living under a rocky cave and second of all, totally clueless of Bitcoin then and especially now. I'm sorry to say it straight like this but it's the truth.

Regardless, all of this is meaningless for the topic in question. CCP as a Bitcoin merchant would not need to worry about any of the potentially risky issues related to Bitcoin as they can go around it using services such as Bitpay which currently serves over 10,000 Bitcoin merchants successfully. Users who don't like Bitcoin are not forced to use it either.

Bitcoin is all about choice and the free market. If you don't like it then don't use it, it's that simple. That doesn't mean there isn't plenty of people who'd like to use Bitcoin (to pay for Eve sub). Personally I'm looking forward to the day when I can simply close all my bank accounts and scissor all my debit/credit cards. That day is coming, I just wish it came sooner.

Bitcoin Hegemony is recruiting. We're a cryptocurrency endorsing corp focused on PvP. Both newbies and veterans accepted.

Sergeant Acht Scultz
School of Applied Knowledge
Caldari State
#46 - 2013-09-10 16:17:19 UTC
Elizabeth Aideron wrote:
Sergeant Acht Scultz wrote:
Mallak Azaria wrote:
Jasmine Jensen wrote:
Don't try and use that argument against me when we all know well that paypal gets hacked thousands of times a day, and credit cards, ATM machines are hacked hundreds of thousands of times a day.

Bitcoin wallets and trading platforms have been relatively safe to real world alternatives.


Except when the bank is hacked & my money is stolen it gets replaced by the bank, whereas if your buttcoins are stolen they're gone.



Not really.

Your bank for sure is insured by another bank etc for the real amount they have, however if they go pouf like Leman&Brothers you can ask all of those who lost all their life work what do they think about what you just said.

Your bank, will not reimburse you whatever penny if they're bankrupt, no insurance on planet earth will reimburse you the money or stocks your bank kept before going bankrupt, your government it self will never replace or make so you'll get any of said lost "money" or value.
All you're left when your bank goes bankrupt is your eyes and wet feeling of your tears flowing down your jaw while those who spend all their life making you believe you were a winner by trusting them will most probably be laughing drinking nice cocktails at the swimming pool with the nice looking blonde they just got with your money.

Blink


Most countries have deposit insurance...



Leman&Brothers, a reference in bank trade at that time I'm pretty sure was not really a 3rd world country bank, non the less, their customers learned the hard way what bank and insurance is. Lol
We just prefer to accept risk because we've learned from earlier days banks are safe yada ya, well they aren't, at all.

removed inappropriate ASCII art signature - CCP Eterne

Elizabeth Aideron
The Scope
Gallente Federation
#47 - 2013-09-10 16:32:16 UTC
Sergeant Acht Scultz wrote:
Elizabeth Aideron wrote:
Sergeant Acht Scultz wrote:
Mallak Azaria wrote:
Jasmine Jensen wrote:
Don't try and use that argument against me when we all know well that paypal gets hacked thousands of times a day, and credit cards, ATM machines are hacked hundreds of thousands of times a day.

Bitcoin wallets and trading platforms have been relatively safe to real world alternatives.


Except when the bank is hacked & my money is stolen it gets replaced by the bank, whereas if your buttcoins are stolen they're gone.



Not really.

Your bank for sure is insured by another bank etc for the real amount they have, however if they go pouf like Leman&Brothers you can ask all of those who lost all their life work what do they think about what you just said.

Your bank, will not reimburse you whatever penny if they're bankrupt, no insurance on planet earth will reimburse you the money or stocks your bank kept before going bankrupt, your government it self will never replace or make so you'll get any of said lost "money" or value.
All you're left when your bank goes bankrupt is your eyes and wet feeling of your tears flowing down your jaw while those who spend all their life making you believe you were a winner by trusting them will most probably be laughing drinking nice cocktails at the swimming pool with the nice looking blonde they just got with your money.

Blink


Most countries have deposit insurance...



Leman&Brothers, a reference in bank trade at that time I'm pretty sure was not really a 3rd world country bank, non the less, their customers learned the hard way what bank and insurance is. Lol
We just prefer to accept risk because we've learned from earlier days banks are safe yada ya, well they aren't, at all.


They weren't a deposit bank.
Simc0m
The Scope
Gallente Federation
#48 - 2013-10-15 02:05:27 UTC
+1 There would be quite a few people subscribing just to spend bitcoins. The bitcoin folks are very eager to support businesses that accept BTC as payment.
Alvatore DiMarco
Capricious Endeavours Ltd
#49 - 2013-10-15 06:30:03 UTC
While I'm not part of the Bitcoin economy myself, I'll give this a +1 (and a bump back to the front page in the process).
xttz
GSF Logistics and Posting Reserves
Goonswarm Federation
#50 - 2013-10-15 08:14:29 UTC
Little Dragon Khamez wrote:


The government is incapable of regulating itself or indeed any markets, if they were capable the 1% wouldn't have so much wealth, by skimming it of the backs of hard working people. If the government had any regulatory power at all none of our banks would have been allowed to wind up on corporate welfare. Bitcoin is an independent currency and not the domain of any one governmen, so who would do the regulating? It belongs to everyone who participates in it regardless of nationality. It pisses of the banks which is why the government don't like it. Because we all know whose really in charge and it isnt one of our heads of state.


Hey guys, I have a great idea! Let's take a fad currency whose value is backed solely by overzealous fanboys*, and use it as a payment option for our online spaceship game. That will totally stick it to those filthy bankers! They won't know what hit them!

Never mind that it just happens to be untraceable and would be the perfect tool for anyone involved in RMT/botting activities. I'm totally sure that won't happen because reasons...

Girly'girl wrote:

*What we need is a plague that wipes out idiots from the face of the earth.


Anyone who disagrees with you should be killed. Awesome supporting argument, brah.
xttz
GSF Logistics and Posting Reserves
Goonswarm Federation
#51 - 2013-10-15 08:17:31 UTC
Sergeant Acht Scultz wrote:

Leman&Brothers, a reference in bank trade at that time I'm pretty sure was not really a 3rd world country bank, non the less, their customers learned the hard way what bank and insurance is. Lol
We just prefer to accept risk because we've learned from earlier days banks are safe yada ya, well they aren't, at all.


"Hi my name is Sergeant Acht Scultz. Please listen to my detailed arguments about why real world banking sucks. I know so much about this topic.

By the way, what's the difference between commercial and investment banking?!?
"
Andski
Science and Trade Institute
Caldari State
#52 - 2013-10-15 08:22:37 UTC
Sergeant Acht Scultz wrote:
Leman&Brothers, a reference in bank trade at that time I'm pretty sure was not really a 3rd world country bank, non the less, their customers learned the hard way what bank and insurance is. Lol
We just prefer to accept risk because we've learned from earlier days banks are safe yada ya, well they aren't, at all.


Wrong. Every depositor at a US bank or credit union has their deposits insured up to $250,000. Even if you have $1m between you and your spouse at the same bank, if you split it between single owner and joint accounts - f.ex. one joint account with $500k and each of you has $250k in single accounts - your deposits are fully insured. Lehman Brothers did not offer deposit accounts; they were strictly an investment bank.

Twitter: @EVEAndski

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths."    - Abrazzar

Kogh Ayon
Royal Amarr Institute
Amarr Empire
#53 - 2013-10-15 12:13:05 UTC  |  Edited by: Kogh Ayon
The exchange rate for bitcoin is still very unstable at the moment, in terms of EVE, the price curve of bitcoin sometimes waves like moon materials.

We will laugh at If CCP does declare to accept bitcoin in haste, but withdraw it later due to exchange-rate issue or politic issue, and the reputation of the company will be damaged by this irresponsible and foresightless movement that has no necessary to go since initial.


Or, you can try to be more honest, tell us the real reason that motivates you to sell bitcoin to us, such as you feel unsafe about the monopolization of visa/mastercard, and then we may be more likely to agree with you.
Batelle
Federal Navy Academy
#54 - 2013-10-15 14:29:45 UTC
The pro's of bitcoins, being anonymous or untrackable or whatever, are probably all considered cons to CCP, who have very good reason to want to know who we are and where we bank.

"**CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"**

Never forget.

Simc0m
The Scope
Gallente Federation
#55 - 2013-10-15 15:45:49 UTC
Batelle wrote:
The pro's of bitcoins, being anonymous or untrackable or whatever, are probably all considered cons to CCP, who have very good reason to want to know who we are and where we bank.


It's highly unlikely that RMTers would link a payment method to their account anyway - they would almost certainly be paying for the account with PLEX bought off the market. Because of this fact, CCP accepting bitcoin would have nearly zero impact on RMT.
Little Dragon Khamez
Guardians of the Underworld
#56 - 2013-10-15 23:15:45 UTC
Kogh Ayon wrote:
The exchange rate for bitcoin is still very unstable at the moment, in terms of EVE, the price curve of bitcoin sometimes waves like moon materials.

We will laugh at If CCP does declare to accept bitcoin in haste, but withdraw it later due to exchange-rate issue or politic issue, and the reputation of the company will be damaged by this irresponsible and foresightless movement that has no necessary to go since initial.


Or, you can try to be more honest, tell us the real reason that motivates you to sell bitcoin to us, such as you feel unsafe about the monopolization of visa/mastercard, and then we may be more likely to agree with you.


They might as well give it a try as their reputation is on floor at the moment in anycase thanks to the Somer Blink scandal.

Dumbing down of Eve Online will result in it's destruction...

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