bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

was this already posted

their solution is apparently 'buy offshore hosting, ignore dmcas'
which will definitely work great unless they live in the us

# ? Oct 29, 2014 14:35

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# ? Apr 26, 2024 05:28

Greyhawk: May 30, 2001

how strange. people don't seem to trust that weird "banc" incorporated in panama to handle their bitcoin needs. i wonder why

quote:

Hola fellow Bitcoiners! To make this blunt, we've started a site that allows you to buy Bitcoins with Credit Cards, but it's not working. People aren't buying enough to keep this business alive. What do you think we should change? (self.Bitcoin)
submitted 4 hours ago by BancdeBitcoin

We've started testing the site about a month ago after ~6 months of development and negotiations.

it took LOTS of persuading with the credit companies and banks, we've received a lot of no's and had to adjust and change constantly to keep wit various security/regulation requirements. Credit Cards risk departments seems to think Bitcoin is the Ebola-Nazi-Antichrist.

The initial numbers were good, but the sheer amount of fraud/hacking attempts was overwhelming. We were forced to add buy limits and much harsher verification procedure just to make the site less attractive in the eyes of fraudsters.

We were handling the risk quite well, but it took so much time and effort we had to work 16 hours a day, every day, for a week and a half. We didn't have the money to hire more and more risk specialists, so we had to stop and re-create the entire verification process.

Since we're implemented those changes fraud has dropped drastically. Unfortunately, legit transactions dropped as well.

We could theoretically expose the user to the verification requirements only AFTER the purchase, thus keeping their experience intact and not scaring the off, but that felt like a very lovely move and we try to avoid those.

I'm the father of this site (well, one of the fathers), I think it's perfect and I love it because it's my baby. You however DGAF and can tell it like it is.

What I humbly ask is you feedback:
What would have made you buy from us? What would've made you rage quit? What's great? What's annoying and unusable?

I can't give you much in return for your honest opinion but I will spray Gold on this thread like a MF. However, if we're still up and running in January 1st 2015 - I pledge 10 BTC donation to whatever cause r/Bitcoin will up-vote the most.

Answers to unasked questions:
Currently the site is in German (though all Europeans cards can buy there) and we're working on an English version.

We can't work in the US at the moment, the regulation\legal costs are simply too much for us now.

edit: did the background of this pos just change?

Greyhawk fucked around with this message at 15:09 on Oct 29, 2014

# ? Oct 29, 2014 15:01

Greyhawk: May 30, 2001

Aleksei Vasiliev posted:

was this already posted

their solution is apparently 'buy offshore hosting, ignore dmcas'
which will definitely work great unless they live in the us

CoinFire.cf
‏@CoinFireBlog
@dandarden @BitcoinVPS We are apparently going to receive documents via REGISTERED MAIL now. LOLOLOLOL. Siiiiiiiiigh. Very heavy sigh.

it's jailtime in heaven

# ? Oct 29, 2014 15:16

jre: Sep 2, 2011; To the cloud ?

Greyhawk posted:

CoinFire.cf
‏@CoinFireBlog
@dandarden @BitcoinVPS We are apparently going to receive documents via REGISTERED MAIL now. LOLOLOLOL. Siiiiiiiiigh. Very heavy sigh.

it's jailtime in heaven

# ? Oct 29, 2014 15:21

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

Greyhawk posted:

Very heavy sigh.

mods?

# ? Oct 29, 2014 15:26

MGN001: May 12, 2012

Greyhawk posted:

Bitcoin is the Ebola-Nazi-Antichrist.

# ? Oct 29, 2014 15:28

Dixie Cretin Seaman: Jan 22, 2008; all hat and one catte; Hot Rope Guy

*laments cc companies being unfairly wary of bitcoin*
*spends next three paragraphs explaining why they were right*

# ? Oct 29, 2014 15:57

The Management: Jan 2, 2010; sup, bitch?

quote:

I will spray Gold on this thread like a MF

I assume this has some meaning other than urination

# ? Oct 29, 2014 16:27

PleasureKevin: Jan 2, 2011

the point of the registered mail is so he can't deny receiving it. it's the analog version of a "read receipt". this is important when serving someone a notice their being sued. if you can plausibly deny you got the letter, it makes a lawsuit against you difficult. this is why in movies the lawyers sometimes trick people into meeting them, then say "you've been served" (sometimes even throwing the envelope at the person because physical contact is part of it). and here he is publicly tweeting that he's expecting the letter to boot.

also what the hell is firecoin

# ? Oct 29, 2014 16:53

FCKGW: May 21, 2006

PleasureKevin posted:

did the korean guy get his moolah?

dude lost an eyeball somehow

# ? Oct 29, 2014 16:54

MORE CURLY FRIES: Apr 8, 2004

PleasureKevin posted:

the point of the registered mail is so he can't deny receiving it. it's the analog version of a "read receipt". this is important when serving someone a notice their being sued. if you can plausibly deny you got the letter, it makes a lawsuit against you difficult. this is why in movies the lawyers sometimes trick people into meeting them, then say "you've been served" (sometimes even throwing the envelope at the person because physical contact is part of it). and here he is publicly tweeting that he's expecting the letter to boot.

also what the hell is firecoin

its why you should use recorded mail for sending contracts and things around too

because the onus is on you as the sender to ensure it arrives because you chose the delivery method

# ? Oct 29, 2014 16:55

jre: Sep 2, 2011; To the cloud ?

Coinfire morons have put the offending blog post back up. Lol enjoy your jailtime.

https://coinfire.cf/2014/10/27/sec-begins-sending-investigation-letters/

quote:

Several members of the Coin Fire staff initially questioned the validity of IRS accountants being used in an SEC investigation but our executive editor Mike would later learn from an unnamed source that is familiar with the procedures used that the tactic is common.

# ? Oct 29, 2014 17:16

Same Great Paste: Jan 14, 2006

bitfinex

something something boom november

# ? Oct 29, 2014 17:18

necrotic: Aug 2, 2005; I owe my brother big time for this!

lol currentc already hacked

http://techcrunch.com/2014/10/29/retailer-backed-apple-pay-rival-currentc-has-been-hacked-testers-email-addresses-stolen/

# ? Oct 29, 2014 17:47

Dren: Jan 5, 2001; Pillbug

Greyhawk posted:

Bitcoin is the Ebola-Nazi-Antichrist

mods

# ? Oct 29, 2014 18:03

McGlockenshire: Dec 16, 2005; GOLLOCKS!

Aleksei Vasiliev posted:

was this already posted

their solution is apparently 'buy offshore hosting, ignore dmcas'
which will definitely work great unless they live in the us

wait, wait, wait, what were they hosting that could get DMCA'd? the SEC letter?

# ? Oct 29, 2014 18:04

MORE CURLY FRIES: Apr 8, 2004

necrotic posted:

lol currentc already hacked

http://techcrunch.com/2014/10/29/retailer-backed-apple-pay-rival-currentc-has-been-hacked-testers-email-addresses-stolen/

lmao

# ? Oct 29, 2014 18:12

Mr. Apollo: Nov 8, 2000

McGlockenshire posted:

wait, wait, wait, what were they hosting that could get DMCA'd? the SEC letter?

yeah I think they're hosting the SEC letters that other bitcoin businesses are getting

# ? Oct 29, 2014 18:18

text editor: Jan 8, 2007

PleasureKevin posted:

also what the hell is firecoin

it's coinfire, with a .cf domain, probably named so to make it looks like he chose a .cf domain to go w/ the name of his site and not because he wanted to divert attention from the fact that he is a cheapskate who used a free cctld

# ? Oct 29, 2014 19:03

OJ MIST 2 THE DICK: Sep 11, 2008; Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola
-Cheap Trick; Nap Ghost

currentc is a bad pun

# ? Oct 29, 2014 19:16

DaTroof: Nov 16, 2000; CC LIMERICK CONTEST GRAND CHAMPION
There once was a poster named Troof
Who was getting quite long in the toof

necrotic posted:

lol currentc already hacked

lemme guess... buffer overflow?

# ? Oct 29, 2014 21:30

haveblue: Aug 15, 2005; Toilet Rascal

I think it was a disclosure thing... someone found a form on their site that allowed you to determine whether an email address had a currentc account

# ? Oct 29, 2014 21:41

Exinos: Mar 1, 2009; OSHA approved squiq

ayn rand hand job posted:

currentc is bad

# ? Oct 29, 2014 21:45

duTrieux.: Oct 9, 2003

currentc is amazing because it seems to be trying to be a worse solution than bitcoin

# ? Oct 29, 2014 21:47

The Management: Jan 2, 2010; sup, bitch?

CurrentC at least uses real money and there are physical locations that accept it, which trumps bitcoins

# ? Oct 29, 2014 21:50

haveblue: Aug 15, 2005; Toilet Rascal

there are zero physical locations that accept currentc, it doesn't launch until next year

# ? Oct 29, 2014 21:55

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

The Management posted:

CurrentC at least uses real money and there are physical locations that accept it, which trumps bitcoins

currentc is real money from your bank account with all the fraud protection of bitcoin

# ? Oct 29, 2014 21:57

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

bitcoin, BUT WITH_out BITCOIN

# ? Oct 29, 2014 22:18

TVarmy: Sep 11, 2011; like food and water, my posting has no intrinsic value

Apple hates them! Local trust of retail conglomerates finds one weird trick to avoid merchant fees. (hint: It's not Bitcoins!!)

# ? Oct 29, 2014 22:50

Exinos: Mar 1, 2009; OSHA approved squiq

duTrieux. posted:

currentc is amazing because it seems to be trying to be a worse solution than bitcoin

It can never be as bad as bitcoin because it's not full of bitcoiners.

# ? Oct 29, 2014 23:40

My Linux Rig: Mar 27, 2010; Can't post for 6 years!

Exinos posted:

It can never be as bad as bitcoin because it's not full of bitcoiners.

no instead it's full of Walmart shoppers

# ? Oct 29, 2014 23:53

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

http://spellsoforbital.tumblr.com/post/100227938625/project-description

new and exciting ways to steal your money

# ? Oct 30, 2014 00:32

Dren: Jan 5, 2001; Pillbug

surebet posted:

http://spellsoforbital.tumblr.com/post/100227938625/project-description

new and exciting ways to steal your money

So it's snood with unregulated securities and bitcoin

# ? Oct 30, 2014 01:12

theflyingorc: Jun 28, 2008; ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS; Young Orc

My Linux Rig posted:

no instead it's full of Walmart shoppers

hahahah take that, poor people

# ? Oct 30, 2014 03:57

INCHI DICKARI: Aug 23, 2006; by FactsAreUseless

Coming soon

INCHI DICKARI fucked around with this message at 04:49 on Oct 30, 2014

# ? Oct 30, 2014 04:46

theflyingexecutive: Apr 22, 2007

theflyingorc posted:

hahahah take that, poor people

have you ever been in a dollar general? poo poo can cost twice as much as a grocery or is inferior to the point of uselessness

# ? Oct 30, 2014 05:03

funeral home DJ: Apr 21, 2003; Pillbug

OFFICER 13 INCH posted:

Coming soon

now I just want to make a redirect of goatc.com to goatse.asia

# ? Oct 30, 2014 06:26

indigi: Jul 20, 2004; ^{how can we not talk about family

when family's all that we got?}

how the gently caress come there have not been more laffs derived from the SEC letters yet

# ? Oct 30, 2014 07:13

InShaneee: Aug 11, 2006; Cleanse them. Cleanse the world of their ignorance and sin. Bathe them in the crimson of ... am I on speakerphone?; Fun Shoe

because they're all just throwing the letters away. the fun part will be the follow-up from the DOJ

# ? Oct 30, 2014 07:15

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# ? Apr 26, 2024 05:28

vOv: Feb 8, 2014

the idea of receiving a letter from a government agency that says you can't tell anybody about it makes me kinda uncomfortable tbh

# ? Oct 30, 2014 08:08

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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