He is technically because it never touches his bank, it's not connected to that in any way, he is spending it with Visa as they are backer for the card so they sit in the middle collecting the Crypto from his wallet via his card issuer which is hyperfund in this case.
Anywhere that accepts Visa he can spend it. It's just another currency conversion transaction to them, so like someone from Europe having euros and spending them in the UK using their Visa.
If Visa pull out all bets are off. My concern is that Hyperfund is sus and will eventually collapse and Visa will pull the plug.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 3:36 pm
by Rich B
drcarlos wrote: Fri Feb 18, 2022 3:20 pm
He is technically because it never touches his bank, it's not connected to that in any way, he is spending it with Visa as they are backer for the card so they sit in the middle collecting the Crypto from his wallet via his card issuer which is hyperfund in this case.
Anywhere that accepts Visa he can spend it. It's just another currency conversion transaction to them, so like someone from Europe having euros and spending them in the UK using their Visa.
If Visa pull out all bets are off. My concern is that Hyperfund is sus and will eventually collapse and Visa will pull the plug.
its a visa payment in Sterling, with no benefit over any other payment through visa in Sterling.
The benefits that Bitcoin users usually talk about are no borders, anonymity, independence from central authority, and lower cost of payment. A visa payment in Sterling is none of those things - it's just a nice feature that visa have chosen to do for their customers.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 3:37 pm
by Sundayjumper
He didn’t pay in bitcoin though. He sold some bitcoin for sterling and passed that sterling to the vendor. That conversion was just handled by a middle man.
If he’d really paid in bitcoin it would be a direct swap of bitcoin for <product/service> without another currency in the middle.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 3:38 pm
by Rich B
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 3:41 pm
by Mito Man
I think you can buy some crap Tesla merchandise from their online store in Dogecoin which is one of the rare examples of a purely crypto transaction.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 4:37 pm
by ZedLeg
Rich B wrote: Fri Feb 18, 2022 3:38 pm
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 4:38 pm
by drcarlos
Rich B wrote: Fri Feb 18, 2022 3:38 pm
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
99.9% of the real world is not interested in that and neither (wild assumption) is broccers who the original question was aimed at and was:
'How many things have you paid for using your Bitcoin?'
Whether it happens directly (crypto to crypto) or via an automation system with conversions along the way hidden from the account holder and merchant (via the Visa system) the end result is the same things paid for with zero hassle.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 4:58 pm
by Beany
Mito Man wrote: Fri Feb 18, 2022 3:41 pm
I think you can buy some crap Tesla merchandise from their online store in Dogecoin which is one of the rare examples of a purely crypto transaction enabled to allow a pump and dump by Musk.
Rich B wrote: Fri Feb 18, 2022 3:38 pm
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
99.9% of the real world is not interested in that and neither (wild assumption) is broccers who the original question was aimed at and was:
'How many things have you paid for using your Bitcoin?'
Whether it happens directly (crypto to crypto) or via an automation system with conversions along the way hidden from the account holder and merchant (via the Visa system) the end result is the same things paid for with zero hassle.
your mate didn't buy anything with crypto, he bought it with a visa in Sterling.
Has anyone on here bought anything using Bitcoin?
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 6:08 pm
by Mito Man
I’d tell you but I’d have Interpol at my doorstep within 5 minutes
Rich B wrote: Fri Feb 18, 2022 3:38 pm
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
99.9% of the real world is not interested in that and neither (wild assumption) is broccers who the original question was aimed at and was:
'How many things have you paid for using your Bitcoin?'
Whether it happens directly (crypto to crypto) or via an automation system with conversions along the way hidden from the account holder and merchant (via the Visa system) the end result is the same things paid for with zero hassle.
Exactly. I think the lads never go abroad or have never bought a traveller cheque when they were young.
Jokers
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 7:18 pm
by Rich B
Well I've outlined what I think the benefits of Bitcoin are, and you've proved that they aren't really benefits at all. I thought this discussion would go the other way round?
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 7:38 pm
by Sundayjumper
Rich, Rich, chill out. It's Friday. We shouldn't be arguing about stupid pointless things like this.
We should be concentrating on brocco and seeing how quickly we can provoke him into using the words "boy" or "meds" as an insult. He's already made a start by using "lads" so we're on track for a quick finish.
I'll start the bidding by saying he won't be able to hold off even as far as 21:30.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 7:48 pm
by Rich B
Meds purchased with Bitcoin I hope...
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 7:52 pm
by Sundayjumper
...with a swap to sterling in the middle because crypto makes all fiat currencies redundant...
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 8:02 pm
by ZedLeg
I’ll be disappointed if he’s not doing gypsy bare knuckle boxing style call out videos by the end of the weekend tbh.
The fight talk in the covid thread set the new standard.
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 9:30 pm
by Sundayjumper
ZedLeg wrote: Fri Feb 18, 2022 8:02 pm
I’ll be disappointed if he’s not doing gypsy bare knuckle boxing style call out videos by the end of the weekend tbh.
Broccers wrote: Fri Feb 18, 2022 6:28 pm
Exactly. I think the lads never go abroad or have never bought a traveller cheque when they were young.
Good call !!!
Anyway, it's now 21:30 and he's gone all quiet Come back brocco !
Re: Dogecoin etc
Posted: Fri Feb 18, 2022 9:51 pm
by Sundayjumper
I actually remember the last time I bought traveller's cheques, it was in 1992 before a trip to Spain. I just googled "traveller's cheques" now and was quite surprised to find they're still a thing. I had assumed they'd gone the way of the Dodo, the MiniDisc, and Vanilla Ice.
Ever since then, whenever I'm abroad, I simply pay for stuff in sterling. By either exchanging the sterling for local currency in advance, or by using a local cash machine to withdraw local currency that gets debited from my UK bank account in sterling, or with a sterling-issued Visa card. The foreign currency never appears in my sterling bank account so it's definitely entirely conducted in sterling.
Rich B wrote: Fri Feb 18, 2022 3:38 pm
I'm off to buy some mdma on the Silk Road with my visa - wish me luck!
99.9% of the real world is not interested in that and neither (wild assumption) is broccers who the original question was aimed at and was:
'How many things have you paid for using your Bitcoin?'
Whether it happens directly (crypto to crypto) or via an automation system with conversions along the way hidden from the account holder and merchant (via the Visa system) the end result is the same things paid for with zero hassle.
Exactly. I think the lads never go abroad or have never bought a traveller cheque when they were young.
Jokers
Much like travellers cheques, if you pay by Visa the seller still receives fiat currency into their bank, not crypto into their crypto wallet.
Re: Dogecoin etc
Posted: Sat Feb 19, 2022 8:28 am
by Broccers
@Sundayjumper it's lad, lad.
Apologies, better things to do with my Friday than argue the toss with the gang.
Come back brocco !