Leatherwork And Crypto Currencies

[Constabulary]

Yet I have not seen a single online shop or other business who is accepting Bitcoin as payment. At least all the shops I buy from regularly, occasionally or randomly do not take bitcoins in the checkout - so why the hell should I accept it? I cannot buy nails, screw, wood, leather, sewing machines, hardware, thread, needles, spare parts or pay my gas or power bills, buy a new car or food...My bank does not take them, I cannot pay Ebay fees...

Maybe I´m buying at the wrong paces - really - do I?

I have to spent my bitcoins somewhere / somewhen, right? Otherwise it makes no sense for me. So where should I spend them?

Yeeehaaaa - I´m a bitcoin millionaire but I cannot spent my money... doesn´t matter I´m a millionaire - yeeehaaaa

This might be a funny thing for the electronicfancyfacebookIphonehankypankywhatsapptwittersmartphone2ndlife based world but not for the world I live in!!! (carp now the world know that I´m from the 70´s)

Just my 2 cents.

[leatherwytch]

So far in Alberta and BC this is what I have found for businesses that accept Bitcoin.

1 Winery in Kelowna

2. sausage shop in Vancouver

3. Restaurant Vancouver

4.A store in Vancouver

5 A Restaurant in Edmonton

This is not something that tells me I must throw my money away for bit coin use. It is probably a great idea but: Tim Horton's, Safeway, Coop, Gas Stations, Car Dealerships,Enmax, Telus, do not recognize this and Stephen Harper wants you to pay your taxes in money, they won't accept bit coin. I can't pay Comicon, Horror Con or any other show I do in bit coin. Right now it is not only not feasible but definitely not logical for me to accept what I can't use.

Now if in the future more larger companies are on board with it then I will consider it but to buy one coin for $247. dollars is not beneficial to me. I am not a millionaire and I can't afford to have my money ties up in something I can not use.

[Beaverslayer]

Yet I have not seen a single online shop or other business who is accepting Bitcoin as payment. At least all the shops I buy from regularly, occasionally or randomly do not take bitcoins in the checkout - so why the hell should I accept it? I cannot buy nails, screw, wood, leather, sewing machines, hardware, thread, needles, spare parts or pay my gas or power bills, buy a new car or food...My bank does not take them, I cannot pay Ebay fees...

Maybe I´m buying at the wrong paces - really - do I?

I have to spent my bitcoins somewhere / somewhen, right? Otherwise it makes no sense for me. So where should I spend them?

Yeeehaaaa - I´m a bitcoin millionaire but I cannot spent my money... doesn´t matter I´m a millionaire - yeeehaaaa

This might be a funny thing for the electronicfancyfacebookIphonehankypankywhatsapptwittersmartphone2ndlife based world but not for the world I live in!!! (carp now the world know that I´m from the 70´s)

Just my 2 cents.

Constabulary,

For starters, there are a vast number of companies online that accept Bitcoin for payments. Here's a short list I have compiled in the last ten minutes.

1. overstock.com

2. Microsoft.com

3. Tiger Direct.com

This company listed allows you to buy almost anything online and pay for it via Bitcoin.

1. all4btc.com

I see from your profile you are from Germany. The German Government was the first Government to declare Bitcoin as "unit of account" or "Private Money". At the present time, there is only one Bitcoin exchange in Germany and I'm unsure if they provide a POS service such as CoinBase does in the USA. (I cannot read German)

One thing you have to understand, I have not said anywhere in this discussion for you to buy your groceries, gas for your car, pay your taxes with Bitcoin, what I have said over and over again, is to accept Bitcoin as payment, convert those Bitcoins to Fiat currency of your Country, and have that Fiat currency deposited into your bank account.

Once you have converted Bitcoin to Fiat and it's been deposited into your bank account, you can then do all those things and even pay your taxes. If you currently accept credit card payments for your products, this is no different than accepting Bitcoin, the credit card company still has to deposit that money into your bank account before you can use it...no difference...

The difference is the cost of the credit card service and the "Centralization" of the personal information required to accept credit cards.

In Germany right now, there is one Bitcoin exchange, it's Bitcoin.de they are the largest Bitcoin exchange in Europe and currently have over 200,000 customers. There is also an online bank called Fidor AG that I think may be involved with Bitcoin, I do know they are involved with another crypto curreny called Ripple, but I can't read German so I can't tell you for sure if they do work in Bitcoin.

The whole point behind me bringing this to the leather work community, is to show you and help you to open up to another new market place for "Custom" leather works. If Bitcoin.de has over 200,000 customers, then this is also a potential 200,000 customers that you could have as well just by accepting Bitcoin as a payment service.

BUT, and I repeat BUT, if you do accept Bitcoins and do get sales from it....IMEDIATELY convert those Bitcoin to Fiat and have that Fiat deposited into your bank account just as you would a credit card payment. Then you can spend it any whare you so desire.

[Constabulary]

Again - none of the CO´s Im buying from is accepting bitcoin - no one ever asked me to do so and why the hell is it me who has to tranfer a virtual currency to a CO that iturns it in to real money? Why don´t bitcoin users turn their moeny into hard currency and then pay me?

Don´t know what this FIAT is - do they tun bitcoins into real moneny for free?

We have SEPA payments in Europe and that is for free I still see no purpose for virtual money.

have to run ... later

[leatherwytch]

Although I am leery of this, it does require a bit more scrutiny on my behalf. If I find it is easy to switch the bit coins to my bank account then I would probably be on board with this. But I must take a deeper look into this.

Edited February 5, 2015 by leatherwytch

[Beaverslayer]

So far in Alberta and BC this is what I have found for businesses that accept Bitcoin.

1 Winery in Kelowna

2. sausage shop in Vancouver

3. Restaurant Vancouver

4.A store in Vancouver

5 A Restaurant in Edmonton

This is not something that tells me I must throw my money away for bit coin use. It is probably a great idea but: Tim Horton's, Safeway, Coop, Gas Stations, Car Dealerships,Enmax, Telus, do not recognize this and Stephen Harper wants you to pay your taxes in money, they won't accept bit coin. I can't pay Comicon, Horror Con or any other show I do in bit coin. Right now it is not only not feasible but definitely not logical for me to accept what I can't use.

Now if in the future more larger companies are on board with it then I will consider it but to buy one coin for $247. dollars is not beneficial to me. I am not a millionaire and I can't afford to have my money ties up in something I can not use.

leatherwytch,

As Bitcoin is a relatively new technology, there are not as yet a whole lot of Brick and Mortar stores that accept it as a payment method. This is changing on a daily basis and more and more are beginning to see the benefits of Bitcoin. Yes, at present time you cannot pay your Enmax bill and such with Bitcoin, but you can pay it with money you have made by the sale of items generated by Bitcoin. This is why I told you about CaVirtex and Bitcoin Brains right here in Calgary.

CaVirtex has a service where you can accept Bitcoin as payment and have those Bitcoins converted immediately into Canadian dollars and deposited into your bank account. This is exactly the same as accepting Visa, Mastercard or AMEX but without the fees those companies charge. Take for example if you use the "Square" credit card processing service, they charge you 2.75% to do a transaction with there service, that is $2.75 for every $100.00 in sales. CaVirtex will charge you ZERO fees for the first $100,000.00 in sales and only 0.5% on any sales after $100,000.00, so as you can see you are saving a substantial amount of money in fees alone.

You mention that buying one Bitcoin at $247.00 is not a beneficial thing for you to do....I agree wholeheartedly with that. I'm not saying for you to ever buy a Bitcoin, there is no need for you to do this, I'm only saying that by accepting Bitcoin as another form of payment in conjunction with your present forms of payment will very possibly add to your customer base and increase your sales and bottom line.

Once you have accepted Bitcoin as payment (via a payment processor such as CaVirtex) the Bitcoin is converted to "Real Canadian Money" and is then spendable at all those places you mentioned, just like if someone payed you via a credit card or cheque, those also have to be converted and deposited into your bank account before you can use those funds at the places you mentioned...but Bitcoin does not have the fees those other forms of payment have, and there is a fast growing international community of people who want to buy things with Bitcoin.

[Beaverslayer]

Again - none of the CO´s Im buying from is accepting bitcoin - no one ever asked me to do so and why the hell is it me who has to tranfer a virtual currency to a CO that iturns it in to real money? Why don´t bitcoin users turn their moeny into hard currency and then pay me?

Don´t know what this FIAT is - do they tun bitcoins into real moneny for free?

We have SEPA payments in Europe and that is for free I still see no purpose for virtual money.

have to run ... later

Constabulary,

First off, "Fiat" is what you use every day, it is cold hard cash, the Euro is "Fiat".

The reason you require a company to convert Bitcoin into hard cash, is the same reason you have a bank account that turns your pay check into hard cash, it's the same reason you gave credit card processing services, because carrying around cash is getting to be a thing of the past.

Credit cards as well as debit cards are basically the exact same thing as "Virtual Currencies" they are just older and (at present) much wider used in the world.

Bitcoin users want to buy things using their Bitcoins and not have to pay some multinational company high fees to do so. Credit cards and debit cards are limited to the amount that you can carry on them, and the amount you can spend at one time. Bitcoin does not have these restrictions as it is not run by a multinational company that's sole reason for being in business is for profit.

There are thousands upon thousands of people all over the world that get payed their wages in Bitcoin, pay all there bills with Bitcoin and fly on commercial airlines payed for with Bitcoin as there are numerous companies that you can book and pay for flights in Bitcoin if you so desire.

You, like many people have yet to see the benefits of Bitcoin, just like when the internet and email first came about people where skeptical and didn't understand how it all worked. Who thought that back in 1985 that today you could talk to someone face to face through your computer? Who would have thought that they could make a phone call on a small little hand help phone to almost anywhere in the world to almost anywhere in the world so easily?

This is just the beginning of Bitcoin as I have said before, this is the ground floor. Believe me when I tell you there are millions upon millions of people that use Bitcoin every day and each day there are new people. Bitcoin may not be for you, just like I hate and detest credit cards, but it is being used and it is another way of marketing your leather work business.

[raysouth]

HMMMMMMMMMM--------- I suppose I am just out of the loop. I have heard of the bitcoin thing but do not understand a thing about it. Rather confusing to an old timer that has always dealt in hard cash.

I think, after reading the information in this topic that it would be best to have extensive knowledge about the stock market, be a mathematician, a computer wizard, and be able to spend your time following what is going on with this thing.

When I first heard of the term, I wondered what a bitcoin looked like. lol. After collecting coins for a number of years, I thought that this might be something to add to the collection lol.

Now I think I have learned that it is something that is not tangible or something one can physically touch. Don't think I could ever keep track of that type of currency. Hard enough to do with the paper and metal I use daily.

Not knocking the use of whatever this is, just don't think I could ever be comfortable with the product. Best for the electronic savvy folks of today.

Good luck to all that find it of interest.

God Bless.

Ray

[leatherwytch]

Beaverslayer,

I want to thank you for bringing up bit coin. I have spent all day researching this and speaking with a company in Vancouver, https://www.quadrigacx.com I suggest everyone else in Canada who wants to find out more please contact them. The nice fellow who explained it to me made it all clear.

This is something that will increase our business not make it a problem. Actually Paypal is considering setting up for bit coin also. The best part is you can take everything else and this too.

I have decided to sign up and with this you don't lose money but a chance to make more. It is not like Fiat currency it is not physical therefore it confuses governments.

I am sure anyone anywhere who would like to discuss bit coin with this company could. They have both an online POS and a brick and mortar. They charge one percent of each transaction. No set up fees or months fees and nothing to send into the government. The system can transpose the bit coin into USD, CAD or gold and then even direct deposit it into your bank account.

Edited February 5, 2015 by leatherwytch

[Beaverslayer]

leatherwytch,

I'm glad I was able to help you and that you were able to research more about Bitcoin and come to the realization that the possibilities of Bitcoin increasing your online pressence as well as your sales is there. I am more than happy to also help you get your website and such more exposure to the Bitcoin community once you are set up and ready to go, just let me know when.

If you don't already have one, I suggest you get a Twitter account set up as this is a very good platform for mass marketing a website....kind of like I tell two friends and they tell two friends, but it's more of hundreds of friends and all very fast. Another would be a Facebook page for your leather work business, which is another very good mass marketing platform that is free just like Twitter.

There are a number of "Forum" type sites just like this one that are Bitcoin based as well, and once you get all set up you should open up a topic on a few of them and list your website and the services you provide that you'd accept Bitcoin for payment.

Once you start getting sales from Bitcoin people, they are going to tell other Bitcoin people that you are a reputable and good business and sales should pick up from there.

As I've said, I am here to help you as much as needed.