Silk Road forums

Discussion => Off topic => Topic started by: smokingonstrong on December 25, 2011, 06:50 pm

Title: Why use bitcoins?
Post by: smokingonstrong on December 25, 2011, 06:50 pm
Why dont SR give you a option to use credit/debit cards instead of going threw all the BS trouble of bitcoins?!?! im not saying using a actual debit/credit card would be a smart idea but if you where to use like prepaid debit cards and shit of that nature that really has no paper trail it would be much easier personally i have no way of getting bitcoins so i cant buy on the site....
Title: Re: Why use bitcoins?
Post by: blueangel on December 25, 2011, 06:56 pm
1- credit cards require processing... which just gets more complicated with an anonymous service ... even if this hurdle was passed, it's just not a good idea to give people the freedom to use any CC
2- you can trade prepaid credit cards for bitcoins.
3- bitcoins is more anonymous, but remember, security is in layers

There are plenty of ways to get bitcoins, the fastest, most anonymous way is probably cash -> moneypak -> bitcoins

You can find people who trade bitcoins for MoneyPak in the marketplace.
Title: Re: Why use bitcoins?
Post by: smokingonstrong on December 25, 2011, 07:00 pm
what sites exchange bitcoins for prepaid sites that dont require you to send the whole card to them?
Title: Re: Why use bitcoins?
Post by: Asbury on December 25, 2011, 07:01 pm
It would be harder to safeguard both the buyer and seller if using a prepaid debit card. The escrow system would be tricky.

Example 1: Somebody buys a large amount of drugs, receives them, seller gets invalid or too little value of a prepaid card.
Example 2: Buyer sends the prepaid card first for a large amount of money, seller sends no product and keeps the money.
Example 3: Buyers sends the prepaid card first, seller acknowledges shipping product, buyer uses the card before the seller cashes it.
Example 4: Buyer can use stolen CC data, buy a prepaid card to send to seller. Seller is unknowingly involved in credit card fraud and selling drugs
Title: Re: Why use bitcoins?
Post by: blueangel on December 25, 2011, 07:05 pm
what sites exchange bitcoins for prepaid sites that dont require you to send the whole card to them?

The websites I know aren't currently processing.  You can however make deals OTC on #bitcoin-otc but I'm guessing that's not something you'd be interested in doing.

Try the monkeypak.