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Offline hamiltino

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Some Game changing Use Cases For BitAssets
« on: September 29, 2014, 02:46:22 PM »

So i wanted to buy some shares from international markets and the amount of red tape i had to go through put me off. I was thinking if for example i wanted to buy facebook shares, it could be possible to buy the asset from the bitshares exchange without going though any paper work.

Also imagine a bitUSD(whatever local currency you need) debit card, I would have all the benefits of using fiat, not needing to worry if a merchant accepts bitAssets and still with all the benefits of a digital currency; anonymity, instant global transfers..etc. This would take off more than any bitcoin debit card because you don't have to market it as a cryptocurrency as there is no volatility. Consumers will never have to worry about whales pumping and dumping coins...etc.

Pretty cool implications.







« Last Edit: September 29, 2014, 03:42:13 PM by hamiltino »

Offline bytemaster

Re: Some Game changing Use Cases For BitAssets
« Reply #1 on: September 29, 2014, 03:05:51 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline emski

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Re: Some Game changing Use Cases For BitAssets
« Reply #2 on: September 29, 2014, 03:15:51 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

Do you ever sleep ? This is incredibly good news!

Offline betax

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Re: Some Game changing Use Cases For BitAssets
« Reply #3 on: September 29, 2014, 03:17:47 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

 +5% +5% +5% +5% +5% +5% I wish I could go to Vegas, you better make good videos.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline johncitizen

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Re: Some Game changing Use Cases For BitAssets
« Reply #4 on: September 29, 2014, 03:20:44 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

Amazed. Will it be discussed at vegas?

Offline bytemaster

Re: Some Game changing Use Cases For BitAssets
« Reply #5 on: September 29, 2014, 03:25:07 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

Amazed. Will it be discussed at vegas?

Not publicly.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline johncitizen

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Re: Some Game changing Use Cases For BitAssets
« Reply #6 on: September 29, 2014, 03:28:09 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

Amazed. Will it be discussed at vegas?

Not publicly.

Booking flights asap

Offline hamiltino

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Re: Some Game changing Use Cases For BitAssets
« Reply #7 on: September 29, 2014, 03:40:26 PM »
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)

Just bought some more btsx

Offline oldman

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Re: Some Game changing Use Cases For BitAssets
« Reply #8 on: September 29, 2014, 03:47:38 PM »
bitAsset integration on Circle...

... or a platform that directly competes with Circle's feature set.

Imagine if the client/trading interface could be funded directly via credit card/debit card.

Boom, just leap frogged the entire industry.

Use a credit/debit card to buy BTC/BTSX/bitGLD/SLV/APPL etc.

Instant on-ramp.

Offline bytemaster

Re: Some Game changing Use Cases For BitAssets
« Reply #9 on: September 29, 2014, 03:56:16 PM »
Step 1) Get a credit card bill you can pay off using BitUSD
Step 2) Find an easy way to buy BitUSD.... credit/debit cannot be accepted due to charge backs... will have to be a wire transfer.

 

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Method-X

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Re: Some Game changing Use Cases For BitAssets
« Reply #10 on: September 29, 2014, 03:58:58 PM »
Step 1) Get a credit card bill you can pay off using BitUSD
Step 2) Find an easy way to buy BitUSD.... credit/debit cannot be accepted due to charge backs... will have to be a wire transfer.

How is Circle managing the chargeback risk?

Offline oldman

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Re: Some Game changing Use Cases For BitAssets
« Reply #11 on: September 29, 2014, 04:01:41 PM »
Step 1) Get a credit card bill you can pay off using BitUSD
Step 2) Find an easy way to buy BitUSD.... credit/debit cannot be accepted due to charge backs... will have to be a wire transfer.

How is Circle managing the chargeback risk?

Accepting it as a business cost.

Perhaps the best short-term solution would be to pitch Circle on integrating bitUSD/CNY/EUR/GLD/SLV.

Longer term a reputation system could be used to mitigate charge-back fraud on the Bitshares platform.

Higher rep, higher limit. Minor fraud covered out of the insurance fund.

A direct link to the fiat pipeline is critical and credit/debit cards are the answer. 
« Last Edit: September 29, 2014, 04:05:16 PM by OldMan »

Offline Final_Acclaim

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Re: Some Game changing Use Cases For BitAssets
« Reply #12 on: September 29, 2014, 05:17:29 PM »
Make sure to contact Eric at GoCoin in Vegas.  They accept Litecoin and Doge, BitUSD or BitSharesX is a natural progression.

 

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