BitShares Forum

Main => General Discussion => Topic started by: hamiltino on September 29, 2014, 02:46:22 pm

Title: Some Game changing Use Cases For BitAssets
Post by: hamiltino 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.







Title: Re: Some Game changing Use Cases For BitAssets
Post by: bytemaster on September 29, 2014, 03:05:51 pm
Quote
Also imagine a bitUSD(whatever local currency you need) debit card

Working on this :)
Title: Re: Some Game changing Use Cases For BitAssets
Post by: emski 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!
Title: Re: Some Game changing Use Cases For BitAssets
Post by: betax 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.
Title: Re: Some Game changing Use Cases For BitAssets
Post by: johncitizen 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?
Title: Re: Some Game changing Use Cases For BitAssets
Post by: bytemaster 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.
Title: Re: Some Game changing Use Cases For BitAssets
Post by: johncitizen 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
Title: Re: Some Game changing Use Cases For BitAssets
Post by: hamiltino 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
Title: Re: Some Game changing Use Cases For BitAssets
Post by: oldman 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.
Title: Re: Some Game changing Use Cases For BitAssets
Post by: bytemaster 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.

 

Title: Re: Some Game changing Use Cases For BitAssets
Post by: Method-X 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?
Title: Re: Some Game changing Use Cases For BitAssets
Post by: oldman 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. 
Title: Re: Some Game changing Use Cases For BitAssets
Post by: Final_Acclaim 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.