Bitcoin News

Zach Harvey (@ManchFu) describes what Bitcoin offers him as a small business owner with a global customer base.  Excerpts:

“After receiving numerous orders that were scam orders, I now can only accept PayPal and credit card sales to a small number of countries I know I won’t get many scam requests from.   So now I accept these orders from just about ten percent of the countries that I started out with.”
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“If you want to send or receive a wire for $10,000 or more, you may be looking at a form like [seen on video].  That’s just one page, and that’s for receiving $10,000.  With Bitcoin, the form [doesn’t exist].”
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“If there’s nothing between me and the consumer, then there’s no friction in the market.  There is no discrimination between formal markets and informal markets with Bitcoin.  Bitcoin simply doesn’t care.  [The transaction] doesn’t go through any organization where that question — is this a formal or informal market, needs to be answered.  [The money] just goes to where it is intended to go.”
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“Bitcoin opens up the market completely for any transaction for you as a business to go directly to your customers without any unwanted middleman, and that’s why I’m excited about it.”

 - http://www.youtube.com/watch?v=3cSG6uMM3q8#t=55s

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