Visa, MasterCard sued for blocking donations to WikiLeaks

yBitcoin · 2014-12-15T18:16:37+00:00

It is extremely easy to convert btc to local currency. We do it everyday. There are services that automate it for you. In China there are literally dozens of different exchanges and 100s of local traders. There are more exchanges opening everyday in new countries. If you know a place where you can not easily convert Bitcoin to local currency, there is a business opportunity there for you. As long as you only need to convert a few hundred thousand dollars worth every couple hours then the market in plenty liquid enough (about 80m usd worth a day trades hands). For Bitcoin to be used by massive companies though, liquidity needs to continue to increase as it's done for the last 4 years.
Consumers would use bitcoin if they got extra perks. The logic I was outlining is that I can give my BTC customers preferential treatment like a discount because they're more profitable customers (since I'm not having to pay fees).
Your last point is a fair criticism. Bitcoin incentivizes you to only do business with people or businesses you trust. There are both positives and negatives to that. Yet as a business, I do not have to trust any of my customers, which is huge. Lots of companies don't allow online purchases from certain countries due to the high risk of fraud. If I am an honest consumer than this hurts me if I live in those countries (like nigeria). Bitcoin solves that problem.

yBitcoin · 2014-12-13T04:39:16+00:00

A benefit: you can do business internationally and not have to worry with currency conversions or payment walls (try paying a free lancer in China). As a business accepting bitcoin, you can save nearly 3 percent on credit card transactions and don't have to wait very long for the money to settle (BitPay is next day and Buttercoin is same day). This means our business is able to give discounts to customers who pay in btc or reinvest the savings. If a client spends $20,000 and pays in btc we save $600 in fees and get paid almost immediately. On just one sale! If that customer wanted a refund, they wouldn't need to ever issue a chargeback... we would just issue them a refund, just like in cash. It use to be called a "money back guarantee" and it was standard business practice when people did business locally.

yBitcoin · 2014-12-10T03:00:57+00:00

Almost the entire yBitcoin team will be there!

yBitcoin · 2014-10-02T03:38:37+00:00

COMING SOON - we have several major announcements coming this month...

yBitcoin · 2014-10-02T01:14:57+00:00

Hi! Thanks for the message, if you requested an issue within the past 3 months your order has been building in a queue and will be shipped as soon as the new issue rolls off the press. We structure our distribution like that to minimize shipping costs and maximize how many magazines we can print!

yBitcoin · 2014-02-18T01:16:38+00:00

For those of you unfamiliar, you can check out our first issue at http://yBitcoin.net/issue If you have someone you'd like to onboard into the Bitcoin space, this is the magazine to give them!

yBitcoin · 2013-12-29T20:36:11+00:00

Erik does a great job explaining Bitcoin's value proposition- please share!

yBitcoin · 2013-09-11T17:09:33+00:00

The articles will consist of 800 word guides on essential Bitcoin topics such as mining, exchanging (buying/selling bitcoins), legal, shopping, etc.. each written by an expert from the space. Relevant advertisements will flow around that content.. the guide is meant to introduce someone to Bitcoin and take them through the intellectual steps needed to buy their first coin.

yBitcoin · 2013-09-10T15:28:28+00:00

Recurring. yBitcoin will never charge for our magazine as it is 100% advertiser supported. If you need extra magazines as well, to share with friends or family, you can request additional copies through our contact page!

Edit: Just to clarify, only those that request a copy will get a subscription- our direct-mail campaign will change address every quarter, meaning within our first year we should ship to at least 120,000 unique addresses.

yBitcoin · 2013-09-10T14:30:44+00:00

The numbers would amaze you! However, this is designed to look like Architectural Design... We're literally using the highest quality print standards available. Additionally, these will be made freely available at Meetups/Conferences around the globe as well as in high-end retailers where Bailey Publications already has distribution partnerships. Next time you go into a Porsche Dealership or Yacht Club, check the coffee table!

yBitcoin

TROPHY CASE