676700+ entries in 0.452s
Vallance: What blows my mind is
the
type of people we've encountered
that is involved in Bitcoin
Vallance: We've had quite a few people
travel about 100 miles
to exchange
BingoBoingo: Well,
the midwest and mid south are underserved.
Vallance: As far as geographical area, I don't see any real competition in any of
those areas, including Kentucky.
BingoBoingo: At a minimum probably grab licenses for Illinois, Ohio, and
Tennessee
BingoBoingo: Also, since money
transmitting across
the whole US is a pain, just license in kentucky, a few neighboring states, and
the rest of
the US can be serviced by other people.
Vallance: I'm honestly open
to anywhere else but here
Vallance: If it was up
to me
then I would've moved
to Panama, but my wife wasn't having it.
BingoBoingo: If you were
to offer a network of atms across a region, maintain an office for inperson service, and have some limited interaction with
the web you could carve a nice niche.
Vallance: I know, it's really insane at how hard it is
to move money around
the USA.
BingoBoingo: If you go exclusively mass market Paypal eats your lunch and people who hate paypal settle for BitStamp's
two cans, a string, and a rectal probe
BingoBoingo: Vallance: P2P
trading is probably where
the better margins are.
Vallance: We're really
trying
to re-work our current system and way of handling
things first and foremost. We started with
the p2p
trading and
the problem is we're still operating in
that fashion. People enjoy
the broker-client relationship but it just doesn't scale
that well.
Vallance: I've lurked
the irc logs and
the
trilema blog quite a bit.
Vallance: That's what I did, I've been really wanting
to become more active here.
BingoBoingo: Person comes in with a shoebox of cash, and a printout of an address
to pay
to with a GPG signature.
Vallance: Didn't even know how
to
transfer it
Vallance: You would be surprised at
the old, nearly looking homeless people who have sold us a handful of Bitcoin
though
BingoBoingo: So... What's
the procedure if I just drive in with a shoebox full of cash?
Vallance: The people who run our ATMs (or could even be
theirs) would just need
to handle cashing out
the machine and maintenance
pankkake: well mastercoin is made by people who don't know what
they are doing, counterparty is in a slighly better position
Vallance: I've had a lot of chats with
the founders of Counterparty and Counterwallet, I feel pretty good about
their platform.
punkman: you don't want
to use Counterparty either
Vallance: You're right, I will
turn it off right now, just
totally forgot in all honesty. We're understaffed.
bloctoc: yeah
that's a nice
thing you got going
BingoBoingo: And start flensing
the javascript on
the site.
bloctoc: $10,000
through an ATM? or is
that on
the internet?
BingoBoingo: Vallance: Honestly I'd kill
the Invest page now
Vallance: A decent day is around $10,000 worth of volume a day. I know it's not huge, but we don't want
to promote more
than we can handle.
Vallance: Also
the ATMs would help lower
the costs of
transaction fees
that people are facing by using Western Union & MoneyGram
Vallance: I believe
the ATMs will build good infrastructure for Bitcoin and associate it with new people
bloctoc: I haven't seen anyone boasting about how much money
their ATM is making.
bloctoc: Do you have an indication
that ATMs are providing liquidity?
Vallance: Next
thing you know it snowballs into a real business
punkman: most people start with
the CSS
Vallance: The
truth is we started out just as anyone would with Bitcoin
trading I suppose
Vallance: Yeah,
that's why we have
the brakes on.
BingoBoingo: Vallance: A physical location in
the US and an investment solicitation... seems dangerous...
Vallance: Well,
the vision I have in mind is
to form somewhat of a decentralized liquidity network
that anyone could become a part of either
through a stake in
the liquidity or operating an ATM.
bloctoc: I heard
today from reliable sources
that gas stations don't want a phone
that close
to
their pumps. needs
to be bluetooth.
Duffer1: what happens when paypal enters
the room and says "thanks for warming my seat."
Vallance: It's just
the problem with juggling
the legalities and how
things would "technically" work.
Vallance: Yeah,
the farthest someone has came
to us has been from Cincinatti
BingoBoingo: Kind of hoping Ashland was closer
to Paduca which would be a reasonable drive
Vallance: Although I do believe
there are large sums of people who could benefit from Bitcoin in
the area
Vallance: Yeah, it's almost like
trends and
technology are a couple years behind for most people here.
BingoBoingo: Ah, Ashland is in
the inconvenient part of Kentucky
Vallance: I have no idea how it's working out for
them
though.
Vallance: They've been around for a little bit,
the main
thing about
them is
that
they accept credit cards and debit cards.
Vallance: We were hoping
to
target our suburban
town and cause a good stir but our physical business
traffic isn't near what we hoped.
[]bot: Bet placed: 2 BTC for Yes on "World Cup 2014: Germany
to net more
than 7 goals"
http://bitbet.us/bet/938/ Odds: 92(Y):8(N) by coin, 90(Y):10(N) by weight.
Total bet: 6.36090125 BTC. Current weight: 61,518.
Vallance: Myself and a couple others run a small Bitcoin exchange known as BitSpot. It's not an exchange as in
the sense of BitStamp or BTC-E, it's more in
the sense of CoinMama or
the former BitInstant
BingoBoingo: Vallance: What other sort of stuff do you do in
the republic of Bitcoin?
Vallance: It's becoming increasingly more difficult
to find a place
to have an intelligent conversation about Bitcoin in public on
the internet.
Vallance: Well, just
trying
to become more pro-active about using
the WoT and I follow MPOE quite a bit and enjoy
the opinions
this channel shares.
moiety: not
that i know of but apparently its a worry in independence
moiety: o apparently
they just add another £100 fee on
davout: Vexual: "and yes,
they are provided open, because you are not an otter" <<< men open
their oysters
moiety: btce says 1.5% fee which was accounted for
though Vexual
moiety: i'll hunt
them down with manuls if
thats
the case
moiety: i cant find anything else like
this on
them at all
punkman: maybe
there's an extra moiety fee
moiety: wasnt planning on using it again, just a one off
thing for quickness...stupidly
punkman: moiety, one of
these days btc-e will disappear, don't be a bagholder
moiety: i withdrew via wire
transfer. its £91 short
BingoBoingo: What, I'm hairy and spend a lot of
time in
the water
Vexual: and yes,
they are provided open, because you are not an otter
Vexual: sydney oysters are really good, its a
thing
davout: "in australia we call what you know as salmon ocean
trout" <<< i saw already opened oysters being sold
there Oo
Vexual: can't evenm
tut at
the devs
BingoBoingo: What, was
the sidewalk
to narrow for
this bbw?
dub: pulled out from outside bar, dodge slow
traffic lane, wot in clear lane, oncoming bbw buts across gab in slow lane into mine
dub: just about got my cholesterol bled out on
the way home
assbot: This is a
thing: Greenscreen-clad workers who secretly flip models' hair during shampoo commercials.
http://t.co/tfHvykkxS8 ht /MakingOfs
benkay: o wait i read
that in
the log!
benkay: who's
taken over Vexual's computer?
Vexual: but
thats what we call it
Vexual: but
then
theres aussie salmon, which isnt salmon
Vexual: and it'll slap you in
the face its so good
Vexual: in australia we call what you know as salmon ocean
trout
mircea_popescu: <dub> its not oily if you bleed it << he's found
the cure for colesterol.
cazalla: i mean, you can get it at
the fish market for 2.99 a kg
that's how bad it is
cazalla: dub: maybe I am but I've
tried numerous
times and it always
taste awful
dub: you need
to bleed it