Silk Road forums

Discussion => Off topic => Topic started by: rise_against on August 20, 2012, 02:41 am

Title: Bitinstant to launch debit card
Post by: rise_against on August 20, 2012, 02:41 am
https://bitcointalk.org/index.php?topic=101838.0
Title: Re: Bitinstant to launch debit card
Post by: Limetless on August 20, 2012, 02:42 am
I'd be extremely cynical about this.
Title: Re: Bitinstant to launch debit card
Post by: brutusk on August 20, 2012, 02:56 am
The guy who owns the company sounds very confident about it, but I would put my money on Mastercard shutting the thing down by the end of the year, just like they did with Aurumxchange, etc.  Great idea if he can make it work though.  He does say in the thread that they will be complying with all AML/KYC regs, so it won't be anonymous.
Title: Re: Bitinstant to launch debit card
Post by: rise_against on August 20, 2012, 02:57 am
yea, i'm not in line to get one either
Title: Re: Bitinstant to launch debit card
Post by: Limetless on August 20, 2012, 03:01 am
You aren't seeing the bigger picture, debits+credits are the preferred method of cashing out BTC from SR (if you are an R-tard), do you not think that closing them (clearly because they knew it was being used for that) and then opening it back up means that LE can now track those who use it to make large transactions.

Thinking caps people, they keep you out of prison.
Title: Re: Bitinstant to launch debit card
Post by: bananer on August 20, 2012, 03:39 am
as someone new to the whole bitcoin thing, wouldn't it be easier to get bitcoins if you had a card for a physical location then just transfer them out?
Title: Re: Bitinstant to launch debit card
Post by: Delta11 on August 20, 2012, 04:50 am
I could see this working out for buyers but not so good for vendors, even the small ones but then again I never take off this foil hat, I kinda like it now after wearing it for so long.  :)
Title: Re: Bitinstant to launch debit card
Post by: Limetless on August 20, 2012, 04:53 am
I could see this working out for buyers but not so good for vendors, even the small ones but then again I never take off this foil hat, I kinda like it now after wearing it for so long.  :)

With this you should superglue your tin foil hat firmly to your head Delta.
Title: Re: Bitinstant to launch debit card
Post by: Delta11 on August 20, 2012, 05:12 am
I could see this working out for buyers but not so good for vendors, even the small ones but then again I never take off this foil hat, I kinda like it now after wearing it for so long.  :)

With this you should superglue your tin foil hat firmly to your head Delta.
I think it naturally glued itself to my head especially after reading theories on the BTC flop this weekend (hacking, scamming, gambling, etc).