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Offline bluebit

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BitUSD onramp
« on: December 24, 2014, 04:55:54 PM »

So, I don't really like using Coinbase or Circle

and lots of Bitcoiners don't like to use them either.
If you read today's bitoin reddit:
Coinbase cancelled my BTC purchase after transferring from bank, when price went up $23!
3rd one from the top, lots of commentors saying to avoid coinbase: https://www.reddit.com/r/bitcoin

I can't wait for the BitUSD onramp, I'm sure a lot of Bitcoin users will use it to purchase BTC on Bitshares. Especially if you can use a debit card to buy BitUSD and then buy BTC.
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Offline matador123

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Re: BitUSD onramp
« Reply #1 on: December 24, 2014, 05:10:32 PM »
Are there any onramps currently in the works? I kind of remember hearing that those discussions had fallen through...

Offline toast

Re: BitUSD onramp
« Reply #2 on: December 24, 2014, 05:30:21 PM »
Onramps like coinbase or circle are not coming for a long time. Onramps for small amounts of USD with CC or phone are a possibility.

BTC gateways are still the lowest-hanging fruit for bringing people in.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline jsidhu

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Re: BitUSD onramp
« Reply #3 on: December 24, 2014, 05:32:28 PM »
they are being worked on
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Offline mike623317

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Re: BitUSD onramp
« Reply #4 on: December 24, 2014, 05:42:13 PM »
 
On/off ramps are a must in my opinion. I know its easier said than done.
It all comes back to ease of use though. If i can swipe a debit card to spend/save it then it sells itself.

I think i heard someone mention that we are trying to get included on the BTC ATMs and there was a debit card in the works.

M

Offline btswildpig

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Re: BitUSD onramp
« Reply #5 on: December 24, 2014, 05:50:21 PM »

On/off ramps are a must in my opinion. I know its easier said than done.
It all comes back to ease of use though. If i can swipe a debit card to spend/save it then it sells itself.

I think i heard someone mention that we are trying to get included on the BTC ATMs and there was a debit card in the works.

M

You remembered correctly ........
 :-X
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline btswildpig

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Re: BitUSD onramp
« Reply #6 on: December 25, 2014, 04:27:41 AM »
So, I don't really like using Coinbase or Circle

and lots of Bitcoiners don't like to use them either.
If you read today's bitoin reddit:
Coinbase cancelled my BTC purchase after transferring from bank, when price went up $23!
3rd one from the top, lots of commentors saying to avoid coinbase: https://www.reddit.com/r/bitcoin

I can't wait for the BitUSD onramp, I'm sure a lot of Bitcoin users will use it to purchase BTC on Bitshares. Especially if you can use a debit card to buy BitUSD and then buy BTC.
+5%
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

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Re: BitUSD onramp
« Reply #7 on: December 25, 2014, 06:30:25 AM »
So, I don't really like using Coinbase or Circle

and lots of Bitcoiners don't like to use them either.
If you read today's bitoin reddit:
Coinbase cancelled my BTC purchase after transferring from bank, when price went up $23!
3rd one from the top, lots of commentors saying to avoid coinbase: https://www.reddit.com/r/bitcoin

I can't wait for the BitUSD onramp, I'm sure a lot of Bitcoin users will use it to purchase BTC on Bitshares. Especially if you can use a debit card to buy BitUSD and then buy BTC.

I have no problems with coinbase. I even have an automated weekly buy set up with them. My only problem is the ten act play to get from dollars to BTS.

Onramps like coinbase or circle are not coming for a long time. Onramps for small amounts of USD with CC or phone are a possibility.

BTC gateways are still the lowest-hanging fruit for bringing people in.

I think a lot of us here were under the impression this was in the more "coming super soon" pipeline rather than "not coming for a long time".

Anyway, I do appreciate the more pragmatic view we get from you Toast.

Happy Holidays all!

Offline Mysto

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Re: BitUSD onramp
« Reply #8 on: December 25, 2014, 11:12:04 AM »
Anyway, I do appreciate the more pragmatic view we get from you Toast.

Happy Holidays all!
^^^

Offline xh3

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Re: BitUSD onramp
« Reply #9 on: December 25, 2014, 10:52:13 PM »
A lot of these features and services will come to fruition around the end of 2016 I would think.

Offline Rune

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Re: BitUSD onramp
« Reply #10 on: December 25, 2014, 11:15:53 PM »
I think our best candidate for an early western fiat onramp/gateway will be ccedk.com. They're basically _the_ nubits exchange and seem to be very proactive and eager to seek out new business. They're in denmark and clearly regulated so goxing won't be an issue. Once we know when 1.0 will be ready we can gather a group of market makers and approach them to see if they're interested in issuing CCEDKUSD and CCEDKEUR.

Their website is a mess and they charge a 1% fee for USD deposits over SWIFT at the moment, but they're a new company and I think they can be reasoned with. Unlike other exchanges we can expect them to have an understanding attitude towards us and be willing to put in the extra amount of work it will require to become the first bitshares fiat gateway.

I can reach out to them about this in the beginning of jan.

Offline toast

Re: BitUSD onramp
« Reply #11 on: December 25, 2014, 11:16:34 PM »
I think our best candidate for an early western fiat onramp/gateway will be ccedk.com. They're basically _the_ nubits exchange and seem to be very proactive and eager to seek out new business. They're in denmark and clearly regulated so goxing won't be an issue. Once we know when 1.0 will be ready we can gather a group of market makers and approach them to see if they're interested in issuing CCEDKUSD and CCEDKEUR.

Their website is a mess and they charge a 1% fee for USD deposits over SWIFT at the moment, but they're a new company and I think they can be reasoned with. Unlike other exchanges we can expect them to have an understanding attitude towards us and be willing to put in the extra amount of work it will require to become the first bitshares fiat gateway.

I can reach out to them about this in the beginning of jan.

Please CC me in this!
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline pendragon3

Re: BitUSD onramp
« Reply #12 on: December 26, 2014, 05:07:35 AM »
A lot of these features and services will come to fruition around the end of 2016 I would think.

That would be way too late, I think. Getting a good set of on- and off-ramps for BitUSD soon should be THE top priority for BitShares (once a stable, user-friendly client is ready). Working towards that goal in a leisurely fashion would be a huge mistake, IMO. BitShares really could use a group of people working on gateways and on- and off-ramps 'round the clock, much like what we thought Bp was or should have been doing.

Make no mistake, the market-pegged BitUSD is BitShares' most important vehicle for achieving rapid worldwide adoption and network effect. In this respect, BitUSD constitutes a key strategic advantage that no competitor currently has. I'd even argue that BitGold, for example, isn't as important to BitShares right now as BitUSD is. Many other cryptocurrencies and protocols could come up with a legitimate competitor to gold and BitGold. All that is required is a relatively fixed supply of coins or shares. In some future economic environment, a solid non-inflationary currency could be almost on par with gold in terms of protecting against the value loss from holding fiat currencies.

For the time being, the USD is relatively strong and stable, so that gives BitShares an unique advantage over other cryptos and a tremendous opportunity to quickly grow its user base. But that advantage won't last forever. BitUSD can be copied by others, and its appeal to the masses is predicated on the perception that USD is a stable, safe store of value.

We must strike while the iron is hot. That means getting BitUSD gateways/ramps ASAP.


Offline merlin0113

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Re: BitUSD onramp
« Reply #13 on: December 26, 2014, 05:37:30 AM »

A lot of these features and services will come to fruition around the end of 2016 I would think.

That would be way too late, I think. Getting a good set of on- and off-ramps for BitUSD soon should be THE top priority for BitShares (once a stable, user-friendly client is ready). Working towards that goal in a leisurely fashion would be a huge mistake, IMO. BitShares really could use a group of people working on gateways and on- and off-ramps 'round the clock, much like what we thought Bp was or should have been doing.

Make no mistake, the market-pegged BitUSD is BitShares' most important vehicle for achieving rapid worldwide adoption and network effect. In this respect, BitUSD constitutes a key strategic advantage that no competitor currently has. I'd even argue that BitGold, for example, isn't as important to BitShares right now as BitUSD is. Many other cryptocurrencies and protocols could come up with a legitimate competitor to gold and BitGold. All that is required is a relatively fixed supply of coins or shares. In some future economic environment, a solid non-inflationary currency could be almost on par with gold in terms of protecting against the value loss from holding fiat currencies.

For the time being, the USD is relatively strong and stable, so that gives BitShares an unique advantage over other cryptos and a tremendous opportunity to quickly grow its user base. But that advantage won't last forever. BitUSD can be copied by others, and its appeal to the masses is predicated on the perception that USD is a stable, safe store of value.

We must strike while the iron is hot. That means getting BitUSD gateways/ramps ASAP.

Agreed. Move forward, or you will fall behind.

Offline hpenvy2

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Re: BitUSD onramp
« Reply #14 on: December 28, 2014, 02:06:54 AM »

 

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