Paxum Ceases Business With Bitcoin - Page 2 - GoFuckYourself.com

alextokyo · 02-12-2012, 09:26 AM

Quote:

Originally Posted by Operator

Actually, the thing in Ruth's avatar looks more like Brock Lesnar in a burgundy-colored wig.

BIGTYMER · 02-12-2012, 09:28 AM

Quote:

Originally Posted by Brujah

Maybe not. The emails from Paxum indicated this apparently.
http://themonetaryfuture.blogspot.co...-business.html
https://bitcointalk.org/index.php?to...3101#msg743101
Not sure who sent the email, whether Chris or Ruth.

Emails dated the 10th. Pretty clear to me why passwords were reset.

Coup · 02-12-2012, 09:29 AM

you did anything with bitcoin other than laugh at them?

rofl

Coup · 02-12-2012, 09:31 AM

Now I'm not sure I'll ever be convinced that the decision makers at paxum aren't a bunch of drooling retards

bitpay · 02-12-2012, 09:54 AM

Did anyone else catch the whole MasterCard part of her annoucement? What the heck does MasterCard have to do with the legality of bitcoin?

Seems like some arm twisting going on here..

L-Pink · 02-12-2012, 09:58 AM

Quote:

Originally Posted by bitpay

Seems like some arm twisting going on here..

bitpay, Bad news huh bro?

oscer · 02-12-2012, 09:59 AM

Quote:

Originally Posted by RuthB

Adult is not a high risk non-legalized currency.

You do not need a Government to tell you a Currency is Legal ,, Or did i miss something ?

bitpay · 02-12-2012, 11:02 AM

Quote:

Originally Posted by L-Pink

bitpay, Bad news huh bro?

We can provide a better service than MasterCard can, for 1/3 the price they charge. So I'm not worried, we can easily win in the long run.

Bitcoin is like VOIP, the efficiences of using it are great. Someone trying to protect their high-margin business model will eventually be overtaken by a more efficient competitor. Who uses long distance companies anymore? It's all VOIP. Bitcoin will do the same thing.

[EDIT] just to clarify what I mean by "better service" : We can accept a payment from anywhere on the planet, instantly, with zero risk of fraud or chargebacks, for 1/3 the price of accepting a credit card.

MrDeiz · 02-12-2012, 11:48 AM

well, why so angry?
Paxum is a great service or am i missing something?

porno jew · 02-12-2012, 11:53 AM

Quote:

Originally Posted by bitpay

[EDIT] just to clarify what I mean by "better service" : We can accept a payment from anywhere on the planet, instantly, with zero risk of fraud or chargebacks, for 1/3 the price of accepting a credit card.

and zero protection from fraudulent transactions.

bitpay · 02-12-2012, 11:59 AM

Quote:

Originally Posted by porno jew

and zero protection from fraudulent transactions.

Correct. With bitcoins, once you receive the money from the customer, it is yours, and will not be reversed or taken away from you. The only way for the customer to get their money back is for you to send it to them.

This actually opens up new markets. Websites can now accept payment from Indonesia, India, Russia, all of Eastern Europe, all of Africa, all of South America, and every where else that Visa and MC won't let you accept a payment from because they say its too high risk. Bitcoin has zero risk, once the money is yours, its yours, no matter where on the planet it came from.

bit-pay.com

bit-pay.com/api.html

seeandsee · 02-12-2012, 01:20 PM

Jesus run away from bitcoins...

baddog · 02-12-2012, 01:33 PM

Quote:

Originally Posted by vdbucks

Ahh yes.. I can see it now... caves in the Middle East lined wall to wall with bit mining clusters in order to pay for their nukes....

You watch way too much Fox News friend.

I think Due is a lot more qualified to discuss this subject than 98% of the people on GFY and significantly more than you.

Quote:

Originally Posted by bitpay

Did anyone else catch the whole MasterCard part of her annoucement? What the heck does MasterCard have to do with the legality of bitcoin?

Seems like some arm twisting going on here..

Who said Mastercard said anything about legality? It was more about risk.

bitpay · 02-12-2012, 01:36 PM

Quote:

Originally Posted by baddog

Who said Mastercard said anything about legality? It was more about risk.

Yes, risk to MasterCard's duopoly business model

Bitcoin is the lowest risk form of internet payment ever invented. They know it, they just don't like it because it's open source and kills their high fee structure.

baddog · 02-12-2012, 01:39 PM

Quote:

Originally Posted by bitpay

Yes, risk to MasterCard's duopoly business model

Bitcoin is the lowest risk form of internet payment ever invented. They know it, they just don't like it because it's open source and kills their high fee structure.

Sorry, I doubt you are going to find anyone here with any credibility that is going to support your business model. $.01

CaptainHowdy · 02-12-2012, 01:41 PM

Good going. My scarce Paxum funds feel safer now.

mafia_man · 02-12-2012, 01:47 PM

Quote:

Originally Posted by bitpay

Yes, risk to MasterCard's duopoly business model

Bitcoin is the lowest risk form of internet payment ever invented. They know it, they just don't like it because it's open source and kills their high fee structure.

As much as I like Bitcoins, and I am in the process of creating a business built on Bitcoins, I don't believe they threaten Mastercard or Visa in anyway.

bitpay · 02-12-2012, 01:48 PM

Quote:

Originally Posted by baddog

Sorry, I doubt you are going to find anyone here with any credibility that is going to support your business model. $.01

If everyone here is happy with the Visa/MC duopoly, and the terms they dictate, and the fees they charge, then you are correct, people probably won't want to use this. If people are looking for an open source alternative, bitcoin is an option.

with bitcoin, you can accept a payment from any country on Earth
with bitcoin, you will never get a reversal or a chargeback

I definitely think there's a need for this, but if not in this group of users that's fine.

Most servers run on Apache nowadays because its open source. Does anyone still pay for Oracles web server?

Brujah · 02-12-2012, 02:37 PM

Can you buy things with bitcoin using an app for your phone?

bitpay · 02-12-2012, 02:57 PM

Quote:

Originally Posted by Brujah

Can you buy things with bitcoin using an app for your phone?

yes. Because bitcoin is open source, anyone can make a wallet for it, even a mobile wallet.

here are some examples:

lovebitcoins.org/getStarted.html

As more developers get involved, you will see more innovative features from these open source ideas than you will see from Google Wallet.

Hermes · 02-12-2012, 05:35 PM

Quote:

Originally Posted by bitpay

Bitcoin is the lowest risk form of internet payment ever invented.

Quote:

Originally Posted by bitpay

with bitcoin, you can accept a payment from any country on Earth
with bitcoin, you will never get a reversal or a chargeback

I definitely think there's a need for this, but if not in this group of users that's fine.

Reversals or chargebacks are invented to make the service Safer for the customer, which is usually more important than lowering the risk for the seller. Sure there are always some groups who "need" your kind of service, probably the same people who used things like e-gold.. But for the sake of credibility, you shouldn't use phrases like "lowest risk ever" for such new currency, if targeting any legal users with a brain.

facialfreak · 02-13-2012, 07:59 AM

Quote:

Originally Posted by bitpay

yes. Because bitcoin is open source, anyone can make a wallet for it, even a mobile wallet.

here are some examples:

lovebitcoins.org/getStarted.html

As more developers get involved, you will see more innovative features from these open source ideas than you will see from Google Wallet.

Just the words "mobile" and "wallet" - used together in the same sentence leaves a bad taste in my mouth ....

It tastes like Mallick.

Thanx ... but I think imma gonna pass.

alextokyo · 02-13-2012, 12:23 PM

Quote:

Originally Posted by facialfreak

It tastes like Mallick.

Sweaty, hairy vinegar manfeet with puss-filled infected ingrown crusted bloody toenails topped with essence of bum's sticky asshole and a hint of rotten shrimp.

Operator · 02-13-2012, 01:58 PM

wow ruth wow

magicmike · 02-13-2012, 02:07 PM

Looks like their bank or someone forced them to choose a side.

Pretty simple.

Serge Litehead · 02-13-2012, 03:51 PM

Quote:

Originally Posted by magicmike

Looks like their bank or someone forced them to choose a side.

Pretty simple.

yup, it's no more risk for them than any other client/transaction. they do validate/verify all accounts manually (i think)

02-12-2012, 11:48 AM	#59
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02-12-2012, 01:20 PM	#62
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02-12-2012, 01:41 PM	#66
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,355	Good going. My scarce Paxum funds feel safer now. __________________ "Tjeezers.cam wishes you a nice day”

02-12-2012, 02:37 PM	#69
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Can you buy things with bitcoin using an app for your phone? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

02-13-2012, 02:07 PM	#75
magicmike Confirmed User Industry Role: Join Date: Feb 2003 Location: JustPorno Posts: 2,384	Looks like their bank or someone forced them to choose a side. Pretty simple. __________________ Just Porno with both classic and mobile porn versions. Gay Porn Our mega gay site tranny porn

02-12-2012, 09:29 AM	#53
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	you did anything with bitcoin other than laugh at them? rofl

02-12-2012, 09:31 AM	#54
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	Now I'm not sure I'll ever be convinced that the decision makers at paxum aren't a bunch of drooling retards

02-12-2012, 09:54 AM	#55
bitpay Registered User Industry Role: Join Date: Jul 2011 Posts: 23	Did anyone else catch the whole MasterCard part of her annoucement? What the heck does MasterCard have to do with the legality of bitcoin? Seems like some arm twisting going on here..

02-13-2012, 01:58 PM	#74
Operator So Fucking Banned Industry Role: Join Date: May 2009 Location: ΠπΠ Posts: 2,419	wow ruth wow