Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you? And then is there a good way to access currency in rural areas? I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
I thought bitpay had a payroll option. Sent from my iPhone
On Jul 8, 2015, at 8:41 AM, Edd thompson <blukami@gmail.com> wrote:
Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you? And then is there a good way to access currency in rural areas? I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Don't use BitPay, Coinbase, Circle. You may, however, wish to try https://www.bitwage.co/ (or you might not) Note: This is not me providing any endorsement for bitwage, but there is an article about someone's experience with it here: https://open.bufferapp.com/getting-paid-in-bitcoin/ Re. your "untraceable" remarks, bitcoin is not untraceable. It's basically transparent. There are a few things that have been added recently to enhance privacy, but sorry, not untraceable or anonymous or anything like that. The things that _you_ can do to enhance the privacy on your side are: Don't use web wallets (with the possible exception of Coinkite, if you are comfortable using it...) Do use hardware wallet (e.g. Trezor) or something you can install and manage from your laptop (e.g. Electrum) (Note that these don't require you to sign up for a service with anyone.) If you have accounts with Coinbase, BitPay, or other firms with web-based wallet servic(es) that are bound by AML/KYC, TISA, FATCA, a growing body of FINCEN and state-by-state requirements, you are better off just transferring your coins away from those firms and closing your accounts. Don't use Coinbase or BitPay as a payment processor if you are a business, instead consider Mycelium Gear -- gear.mycelium.com -- or Coinsimple - discussed at https://www.reddit.com/r/Bitcoin/comments/35evi0/eli5_difference_between _mycelium_gear_and/ On 07/08/2015 06:20 AM, uwecerron@gmail.com wrote:
I thought bitpay had a payroll option.
Sent from my iPhone
On Jul 8, 2015, at 8:41 AM, Edd thompson <blukami@gmail.com <mailto:blukami@gmail.com>> wrote:
Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you? And then is there a good way to access currency in rural areas? I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
- -- http://abis.io ~ "a protocol concept to enable decentralization and expansion of a giving economy, and a new social good" https://keybase.io/odinn -----BEGIN PGP SIGNATURE----- Version: GnuPG v1 iQEcBAEBAgAGBQJVpjfyAAoJEGxwq/inSG8CCPwIAIeOXdysrrmUQfIx72X49BYP n3fE00bYgEBA2m/hGu1icMEDH0FHFYucngPppAKoISnMWqNdu0P+L4bHLhQdwPsa i19rw+L8EVqiFwDaSZ/N0uvsLAnb01kpCXOhJDb+QREAds/+WJA7x0DoGXP2zh5t NsLSrjT4CtyzOgf0fHACxr7TJyIniQqxpqbmKc5DQlnKDvWkRCTEwdipkprA9LNX DkkzIB5cRg3Kt7wxgUybQgwZSG8Q5jl9JagJCT7SQP9Ol+xzVrAmWTzNcSdb8icd C93nMyeIl5BGWhxyw0C6kEaWwguCIn/YdHshEp90aTCxwjTQ4kGB+j9qU22VvF8= =nBcY -----END PGP SIGNATURE-----
On 07/15/2015 04:37 AM, odinn wrote: <SNIP>
Re. your "untraceable" remarks, bitcoin is not untraceable. It's basically transparent. There are a few things that have been added recently to enhance privacy, but sorry, not untraceable or anonymous or anything like that.
| China-based Bitcoin exchange Bter has announced that it will | continue to operate its service and pay back all its users in | time, following a cyberattack that saw the company lose $1.75 | million in cryptocurrency to hackers. | | Bter says that it managed to trace the stolen 7,170 BTC to a | Bitcoin mixer (a cryptocurrency laundering service) called | Bitcoin Fog, but hasn’t heard from the company despite | repeated attempts to make contact. http://thenextweb.com/insider/2015/03/12/chinese-bitcoin-exchange-bter-will-... Bitcoin Fog is a Tor hidden service. If they can successfully launder 7170 BTC, that's good enough for me. <SNIP>
Either find a local broker (cash for bitcoin) or learn to use the wot ( https://bitcoin-otc.com/ http://www.btcalpha.com/blog/2015/explore-the-web-of-trust/). Everything else is generally a scam, at least in the sense that you'll be giving your ass to a unknown number of agents, even if you don't get robbed right away. Circle, Bitpay, Xapo, GoCoin etc etc etc can't be trusted. They deal in fiat, have to submit to governments, to banks, to many parties whose interests aren't your best. And that assuming they will not run away with the coins, which shouldn't be unexpected, considering for instance that gold has been confiscated by governments before. On Wed, Jul 15, 2015 at 8:57 AM, Mirimir <mirimir@riseup.net> wrote:
On 07/15/2015 04:37 AM, odinn wrote:
<SNIP>
Re. your "untraceable" remarks, bitcoin is not untraceable. It's basically transparent. There are a few things that have been added recently to enhance privacy, but sorry, not untraceable or anonymous or anything like that.
| China-based Bitcoin exchange Bter has announced that it will | continue to operate its service and pay back all its users in | time, following a cyberattack that saw the company lose $1.75 | million in cryptocurrency to hackers. | | Bter says that it managed to trace the stolen 7,170 BTC to a | Bitcoin mixer (a cryptocurrency laundering service) called | Bitcoin Fog, but hasn’t heard from the company despite | repeated attempts to make contact.
http://thenextweb.com/insider/2015/03/12/chinese-bitcoin-exchange-bter-will-...
Bitcoin Fog is a Tor hidden service. If they can successfully launder 7170 BTC, that's good enough for me.
<SNIP>
-- Brenda Fernández me@brendafernandez.com GPG: CE5BEE6C81FCA4D4 <http://pgp.mit.edu/pks/lookup?op=get&search=0xCE5BEE6C81FCA4D4>
On Wed, 08 Jul 2015 05:41:37 -0700, Edd thompson <blukami@gmail.com> wrote:
Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you?
Not aware of any services that perform this in an automated fashion. Might be a entrepreneurial opportunity.
And then is there a good way to access currency in rural areas?
Are you talking about converting BTC back into fiat cash? I don't know of a way to do that either. You want to consider signing up for an account at Purse.io. That will allow you to buy products on Amazon using BTC (at a significant discount I might add) where the products can then be shipped to a location of your choosing.
I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
Having other people buy items for you via Purse.io might throw another of obfuscation into the mix, but you still have to have any physical goods shipped to an address, which doesn't really help if you want to perform untraceable transactions.
On 07/08/2015 12:17 PM, Seth wrote:
On Wed, 08 Jul 2015 05:41:37 -0700, Edd thompson <blukami@gmail.com> wrote:
Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you?
Not aware of any services that perform this in an automated fashion. Might be a entrepreneurial opportunity.
And then is there a good way to access currency in rural areas?
Are you talking about converting BTC back into fiat cash? I don't know of a way to do that either.
You can buy meatspace and online gift cards at egifter.com or gyft.com with Bitcoin.
You want to consider signing up for an account at Purse.io. That will allow you to buy products on Amazon using BTC (at a significant discount I might add) where the products can then be shipped to a location of your choosing.
I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
Having other people buy items for you via Purse.io might throw another of obfuscation into the mix, but you still have to have any physical goods shipped to an address, which doesn't really help if you want to perform untraceable transactions.
Getting stuff anonymously in meatspace is nontrivial. Mailbox and remailer services require photo ID. Another entrepreneurial opportunity.
Yes: https://www.bitwage.co/ On Wed, Jul 8, 2015 at 8:41 AM, Edd thompson <blukami@gmail.com> wrote:
Is there and way a person can get their paycheck direct deposit to a Bitcoin? So instead of a deposit to a checking account it goes to an exchange that converts it for you? And then is there a good way to access currency in rural areas? I have seen a few videos and read overviews but they never get to how to make it practical for people not in big cities, hell it just doesn't seem practical at all unless you live near an exchange or are willing to do credit card transactions that cost on top of the exchange and make the currency traceable.
participants (7)
-
Brenda Fernández -
Edd thompson -
Michael Naber -
Mirimir -
odinn -
Seth -
uwecerron＠gmail.com