Richy Rich
New Member
Posts โข 619
Likes โข 863
September 2020
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Banksy โข Souvenir Wall Sections, by Richy Rich on Apr 28, 2021 12:18:16 GMT 1, So i'm by no means a crypto expert. I bought a few hundred ยฃ's worth a while back and now have a few thousand ยฃ's worth. I've never paid for anything with it. If you make a payment into someone else wallet/address I guess there's no recourse if that person then doesn't send the item etc? Presumably anonymity is one of the benefits of crypto, but also one of the downfalls when paying for items?
OP is obviously a fairly long time member so not suggesting he would do anything like this but I've seen quite a few posts offering to sell items for crypto and wondered if they're a much more risky form of payment compared to paypal etc?
So i'm by no means a crypto expert. I bought a few hundred ยฃ's worth a while back and now have a few thousand ยฃ's worth. I've never paid for anything with it. If you make a payment into someone else wallet/address I guess there's no recourse if that person then doesn't send the item etc? Presumably anonymity is one of the benefits of crypto, but also one of the downfalls when paying for items?
OP is obviously a fairly long time member so not suggesting he would do anything like this but I've seen quite a few posts offering to sell items for crypto and wondered if they're a much more risky form of payment compared to paypal etc?
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Fะฏ
Full Member
Posts โข 8,260
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May 2013
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Banksy โข Souvenir Wall Sections, by Fะฏ on Apr 28, 2021 12:32:01 GMT 1, If you make a payment into someone else wallet/address I guess there's no recourse if that person then doesn't send the item etc? Presumably anonymity is one of the benefits of crypto, but also one of the downfalls when paying for items? Thats the same for anything though like bank transfer or cash etc.
At least the record is on the blockchain rather than your word against theirs and then having to prove it. The transactions on blockchain are public.
The coinbase api is being used alot now in mainstream payment systems - give it a year and you will see this. Soon you will be able to tap and pay with crypto just like a credit card everywhere (who accept it and they all will eventually)
If you make a payment into someone else wallet/address I guess there's no recourse if that person then doesn't send the item etc? Presumably anonymity is one of the benefits of crypto, but also one of the downfalls when paying for items? Thats the same for anything though like bank transfer or cash etc. At least the record is on the blockchain rather than your word against theirs and then having to prove it. The transactions on blockchain are public. The coinbase api is being used alot now in mainstream payment systems - give it a year and you will see this. Soon you will be able to tap and pay with crypto just like a credit card everywhere (who accept it and they all will eventually)
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Warm Gun
Junior Member
Posts โข 4,646
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August 2009
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Banksy โข Souvenir Wall Sections, by Warm Gun on Apr 28, 2021 13:18:32 GMT 1, They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. He has already, by putting the price in EU.
Up to the buyer to time it right then I guess.
They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. He has already, by putting the price in EU. Up to the buyer to time it right then I guess.
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Banksy โข Souvenir Wall Sections, by The Italian One on Apr 28, 2021 13:21:10 GMT 1, They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that.
just like when you pay with PayPal from your UK account to an EU account without paying exchange fees.
They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that. just like when you pay with PayPal from your UK account to an EU account without paying exchange fees.
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Banksy โข Souvenir Wall Sections, by The Italian One on Apr 28, 2021 13:26:25 GMT 1, actually it is more simple doing it than explain it
actually it is more simple doing it than explain it
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Warm Gun
Junior Member
Posts โข 4,646
Likes โข 1,130
August 2009
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Banksy โข Souvenir Wall Sections, by Warm Gun on Apr 28, 2021 13:28:34 GMT 1, They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that. just like when you pay with PayPal from your UK account to an EU account without paying exchange fees. But with the value of btc fluctuating so much I guess it would benifit the buyer to keep an eye on the value throughout the day
They all look great. Love the idea of you selling for crypto too, be interesting to see how you come to a bitcoin figure when the daily value changes so much. when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that. just like when you pay with PayPal from your UK account to an EU account without paying exchange fees. But with the value of btc fluctuating so much I guess it would benifit the buyer to keep an eye on the value throughout the day
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Banksy โข Souvenir Wall Sections, by The Italian One on Apr 28, 2021 13:36:21 GMT 1, when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that. just like when you pay with PayPal from your UK account to an EU account without paying exchange fees. But with the value of btc fluctuating so much I guess it would benifit the buyer to keep an eye on the value throughout the day buyer or seller both will see positive or negative rate but on daily bases it would be anywhere from 1 to 3%.. which can be easily adjusted if needed
but when you think you will spend more on fees if paying with PayPal or bank transfer then at least for me it is not a prob
when the buyer confirm the purchase the euro amount will be fixed with the BTC value at the moment of the payment, as simple as that. just like when you pay with PayPal from your UK account to an EU account without paying exchange fees. But with the value of btc fluctuating so much I guess it would benifit the buyer to keep an eye on the value throughout the day buyer or seller both will see positive or negative rate but on daily bases it would be anywhere from 1 to 3%.. which can be easily adjusted if needed but when you think you will spend more on fees if paying with PayPal or bank transfer then at least for me it is not a prob
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Banksy โข Souvenir Wall Sections, by The Italian One on Apr 28, 2021 13:54:31 GMT 1, As I mentioned in the Sale Post I will only sell if I get paid in BTC/ETH.
Thanks for the interest but I WILL NOT ACCEPT ANY OTHER PAYMENT so please don't ask.
please get in touch only if you are paying in crypto.
For anyone worried on paying in crypto I can guarantee you a first class service and a super fast shipment.
as said plenty of good reference if needed I'm here to stay and not to fool people.
As I mentioned in the Sale Post I will only sell if I get paid in BTC/ETH.
Thanks for the interest but I WILL NOT ACCEPT ANY OTHER PAYMENT so please don't ask.
please get in touch only if you are paying in crypto.
For anyone worried on paying in crypto I can guarantee you a first class service and a super fast shipment.
as said plenty of good reference if needed I'm here to stay and not to fool people.
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Banksy โข Souvenir Wall Sections, by The Italian One on Apr 28, 2021 16:03:24 GMT 1, I wouldn't be 'worried' about paying in crypto, but as a lot of people don't use it, it seems an interesting selling strategy to cut off a lot of your market. you are right and half of the art posted on this sale would be already sold if I only accepted EU or GBP.
but as I said I will only sell if I get paid in BTC/ETH
I wouldn't be 'worried' about paying in crypto, but as a lot of people don't use it, it seems an interesting selling strategy to cut off a lot of your market. you are right and half of the art posted on this sale would be already sold if I only accepted EU or GBP. but as I said I will only sell if I get paid in BTC/ETH
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Banksy โข Souvenir Wall Sections, by put the kettle on on Apr 28, 2021 16:11:04 GMT 1, Crypto payment will probably be very normal in 5 years, for art especially. I believe the tokenization of things and business is just starting and will grow. The world does not stand still for Know one.
Crypto payment will probably be very normal in 5 years, for art especially. I believe the tokenization of things and business is just starting and will grow. The world does not stand still for Know one.
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Banksy โข Souvenir Wall Sections, by Sebastian Dusseldorf on Apr 28, 2021 16:26:03 GMT 1, I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for.
Sorry for the rant. Just sad, as I wanted the rat. ๐
I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for.
Sorry for the rant. Just sad, as I wanted the rat. ๐
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GMA
Junior Member
Posts โข 1,962
Likes โข 2,994
October 2015
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Banksy โข Souvenir Wall Sections, by GMA on Apr 28, 2021 16:40:52 GMT 1, He has already, by putting the price in EU. Up to the buyer to time it right then I guess. Yeah I'd say so, it's just a different form of payment and once you know how to do it, it's really simple and easy. There is a lot of talk across various financial institutions about adopting blockchain into their infrastructure, some infact already use it. There's also a minefield of shitcoins out there, and ICO's where unless you're buying in the Pre-Sale, when they 'drop' they can explode in value within seconds, and then suddenly they drop back down because the original investors have received 100x original investment. But if you like and follow certain projects, and believe in what they want to achieve, it's worth getting into long-term.
Sorry op! Derailing your thread. GLWTS.
He has already, by putting the price in EU. Up to the buyer to time it right then I guess. Yeah I'd say so, it's just a different form of payment and once you know how to do it, it's really simple and easy. There is a lot of talk across various financial institutions about adopting blockchain into their infrastructure, some infact already use it. There's also a minefield of shitcoins out there, and ICO's where unless you're buying in the Pre-Sale, when they 'drop' they can explode in value within seconds, and then suddenly they drop back down because the original investors have received 100x original investment. But if you like and follow certain projects, and believe in what they want to achieve, it's worth getting into long-term. Sorry op! Derailing your thread. GLWTS.
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Twister
New Member
Posts โข 44
Likes โข 26
January 2021
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Banksy โข Souvenir Wall Sections, by Twister on Apr 28, 2021 16:41:12 GMT 1, TheItalianOne is a very serious person, I bought some items from Him and I pay with Bitcoin.
TheItalianOne is a very serious person, I bought some items from Him and I pay with Bitcoin.
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Banksy โข Souvenir Wall Sections, by put the kettle on on Apr 28, 2021 17:03:54 GMT 1, I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for. Sorry for the rant. Just sad, as I wanted the rat. ๐ This kind of mentality will get you know where, if you like to invest. DYOR as with any investment.
I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for. Sorry for the rant. Just sad, as I wanted the rat. ๐ This kind of mentality will get you know where, if you like to invest. DYOR as with any investment.
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Woodey1001
New Member
Posts โข 662
Likes โข 265
September 2014
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Banksy โข Souvenir Wall Sections, by Woodey1001 on Apr 28, 2021 17:59:59 GMT 1, An official Banksy LIITA, with Walled Off COA.. edition sub 100.
What a bargain. Wow!
An official Banksy LIITA, with Walled Off COA.. edition sub 100.
What a bargain. Wow!
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Lunch Special
Junior Member
Posts โข 1,425
Likes โข 544
October 2010
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Banksy โข Souvenir Wall Sections, by Lunch Special on Apr 28, 2021 18:10:46 GMT 1, you should then put your prices in bitcoin and ethereum not eu
you should then put your prices in bitcoin and ethereum not eu
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Banksy โข Souvenir Wall Sections, by Sebastian Dusseldorf on Apr 28, 2021 18:50:45 GMT 1, I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for. Sorry for the rant. Just sad, as I wanted the rat. ๐ This kind of mentality will get you know where, if you like to invest. DYOR as with any investment.
This kind of mentality got me travelling around the world for a year, writing a novel, noing know and no and still having some integrity left. But thanks for worrying hun. ๐
I would have loved to buy one, but I refuse to use Crypto as they are at this point. I think there is a massive potential in the block chain technology, but right now this is just bloody Wild West, with the digital upper class creating this hype and shaping this currency, while the broad majority of people are left out and joining over the next years will put them in a huge disadvantage vs. the early starters. The world this would create, would be the total opposite of what most claim this technology to be good for. Sorry for the rant. Just sad, as I wanted the rat. ๐ This kind of mentality will get you know where, if you like to invest. DYOR as with any investment. This kind of mentality got me travelling around the world for a year, writing a novel, noing know and no and still having some integrity left. But thanks for worrying hun. ๐
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anodyne13
New Member
Posts โข 432
Likes โข 212
April 2008
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Banksy โข Souvenir Wall Sections, by anodyne13 on Apr 28, 2021 21:38:29 GMT 1, Biggest benefit to crypto right now from what I can tell is people believing they can avoid paying taxes somehow. Could be a similar situation here.
Biggest benefit to crypto right now from what I can tell is people believing they can avoid paying taxes somehow. Could be a similar situation here.
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vvk
New Member
Posts โข 865
Likes โข 793
October 2015
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Banksy โข Souvenir Wall Sections, by vvk on Apr 28, 2021 21:52:14 GMT 1, Biggest benefit to crypto right now from what I can tell is people believing they can avoid paying taxes somehow. Could be a similar situation here. I highly encourage you to read some white papers or watch some videos on youtube. one day you willl benefit from blockchain and maybe even crypto. even if you do not invest in it.
Biggest benefit to crypto right now from what I can tell is people believing they can avoid paying taxes somehow. Could be a similar situation here. I highly encourage you to read some white papers or watch some videos on youtube. one day you willl benefit from blockchain and maybe even crypto. even if you do not invest in it.
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vvk
New Member
Posts โข 865
Likes โข 793
October 2015
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Banksy โข Souvenir Wall Sections, by vvk on Apr 28, 2021 21:54:10 GMT 1, you should then put your prices in bitcoin and ethereum not eu becuase of how the crypto fluxes, its better to keep the prices in EU or USd then when the deal is done you can send that exact amount of eu or USd in crypto version.
you should then put your prices in bitcoin and ethereum not eu becuase of how the crypto fluxes, its better to keep the prices in EU or USd then when the deal is done you can send that exact amount of eu or USd in crypto version.
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rusty66
New Member
Posts โข 190
Likes โข 186
May 2018
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Banksy โข Souvenir Wall Sections, by rusty66 on Apr 29, 2021 17:09:14 GMT 1, If you sell something for crypto, a price in EUR is then, to be honest, inconsistent. That wasn`t the idea behind cryptos .... But ok, it`s your thread.
If you sell something for crypto, a price in EUR is then, to be honest, inconsistent. That wasn`t the idea behind cryptos .... But ok, it`s your thread.
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Deleted
Posts โข 0
Likes โข
January 1970
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Banksy โข Souvenir Wall Sections, by Deleted on Apr 29, 2021 17:16:46 GMT 1, If you sell something for crypto, a price in EUR is then, to be honest, inconsistent. That wasn`t the idea behind cryptos .... But ok, it`s your thread.
It's a fair point
but if someone said something was .03756 bitcoin it would mean nothing to me
I am watching an idiots guide to bitcoin tomorrow, so may come back and edit my stupid post
If you sell something for crypto, a price in EUR is then, to be honest, inconsistent. That wasn`t the idea behind cryptos .... But ok, it`s your thread. It's a fair point but if someone said something was .03756 bitcoin it would mean nothing to me I am watching an idiots guide to bitcoin tomorrow, so may come back and edit my stupid post
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Banksy โข Souvenir Wall Sections, by The Italian One on May 1, 2021 8:08:02 GMT 1, still available
still available
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Daylight Robber
Junior Member
Posts โข 1,088
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Member is Online
August 2016
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Banksy โข Souvenir Wall Sections, by Daylight Robber on May 1, 2021 11:55:02 GMT 1, Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself?
Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself?
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tab1
Full Member
Posts โข 8,519
Likes โข 3,679
September 2011
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Banksy โข Souvenir Wall Sections, by tab1 on May 1, 2021 13:27:44 GMT 1, Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself?
Logical thought but then there is a paper chain to the source and easier to track,depends what your end goal is to use the blockchain to purchase . www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin
Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself? Logical thought but then there is a paper chain to the source and easier to track,depends what your end goal is to use the blockchain to purchase . www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin
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Banksy โข Souvenir Wall Sections, by The Italian One on May 1, 2021 17:08:49 GMT 1, Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself? Logical thought but then there is a paper chain to the source and easier to track,depends what your end goal is to use the blockchain to purchase . www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin ahahahahahah
ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention.
just a little experiment I'm trying.
just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it.
Why don't you just sell for a currency most people have straightforward access to and then convert your proceeds into crypto yourself? Logical thought but then there is a paper chain to the source and easier to track,depends what your end goal is to use the blockchain to purchase . www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoinahahahahahah ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention. just a little experiment I'm trying. just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it.
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rungsp
New Member
Posts โข 153
Likes โข 192
February 2021
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Banksy โข Souvenir Wall Sections, by rungsp on May 1, 2021 18:05:39 GMT 1, ahahahahahah ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention. just a little experiment I'm trying. just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it. Easier?? If I was to buy, firstly I really don't know what it will cost since the crypos go up and down like a whores drawers. Secondly I would have the significant hassle of opening a crypto account/wallet thing...not simple.
If I want to have a provenance on the item then in the future showing a 99digit blockchain reference...well who knows what good that will be.
People who love crypto...LOVE it, and can see no wrong. Most of us are a mixture of uninterested, disinterested or baffled.
At this point the standard reply is to tell me to go and read up on the multitude of incredible advantages of the Blockchain (known for several years already, so many, so great....and basically totally unused)
The thing is with money (actual money) is that it really works.
ahahahahahah ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention. just a little experiment I'm trying. just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it. Easier?? If I was to buy, firstly I really don't know what it will cost since the crypos go up and down like a whores drawers. Secondly I would have the significant hassle of opening a crypto account/wallet thing...not simple. If I want to have a provenance on the item then in the future showing a 99digit blockchain reference...well who knows what good that will be. People who love crypto...LOVE it, and can see no wrong. Most of us are a mixture of uninterested, disinterested or baffled. At this point the standard reply is to tell me to go and read up on the multitude of incredible advantages of the Blockchain (known for several years already, so many, so great....and basically totally unused) The thing is with money (actual money) is that it really works.
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Banksy โข Souvenir Wall Sections, by The Italian One on May 2, 2021 7:14:56 GMT 1, ahahahahahah ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention. just a little experiment I'm trying. just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it. Easier?? If I was to buy, firstly I really don't know what it will cost since the crypos go up and down like a whores drawers. Secondly I would have the significant hassle of opening a crypto account/wallet thing...not simple. If I want to have a provenance on the item then in the future showing a 99digit blockchain reference...well who knows what good that will be. People who love crypto...LOVE it, and can see no wrong. Most of us are a mixture of uninterested, disinterested or baffled. At this point the standard reply is to tell me to go and read up on the multitude of incredible advantages of the Blockchain (known for several years already, so many, so great....and basically totally unused) The thing is with money (actual money) is that it really works. I totally respect your idea, but...
the hassle of opening a digital wallet require same hassle to open a PayPal account
if you want a provenance happy to provide a copy of my ID that certificate the sale and the amount.
Last Damien Hirst edition was also offered to be paid in BTC with 3K dollars reference
I understand and respect your idea just 2 different point of view
ahahahahahah ok well.. I'm not a criminal and you can not avoid taxes anymore with bitcoin and that is not my intention. just a little experiment I'm trying. just thought it would be easier for any collector to buy and sell art in bitcoin, maybe one day collectors will be more into it. Easier?? If I was to buy, firstly I really don't know what it will cost since the crypos go up and down like a whores drawers. Secondly I would have the significant hassle of opening a crypto account/wallet thing...not simple. If I want to have a provenance on the item then in the future showing a 99digit blockchain reference...well who knows what good that will be. People who love crypto...LOVE it, and can see no wrong. Most of us are a mixture of uninterested, disinterested or baffled. At this point the standard reply is to tell me to go and read up on the multitude of incredible advantages of the Blockchain (known for several years already, so many, so great....and basically totally unused) The thing is with money (actual money) is that it really works. I totally respect your idea, but... the hassle of opening a digital wallet require same hassle to open a PayPal account if you want a provenance happy to provide a copy of my ID that certificate the sale and the amount. Last Damien Hirst edition was also offered to be paid in BTC with 3K dollars reference I understand and respect your idea just 2 different point of view
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rusty66
New Member
Posts โข 190
Likes โข 186
May 2018
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Banksy โข Souvenir Wall Sections, by rusty66 on May 2, 2021 14:48:06 GMT 1, Ok, if I would have bouhgt it on 04/28 for ETH = 1.500 EUR ( 1 ETH = 2.748 USD), I could cick my ass today, cos the the same ETH, I paid for it is now worth more than on 04/28 (today: 1 ETH = 2.884 USD) Or am wrong???
Ok, if I would have bouhgt it on 04/28 for ETH = 1.500 EUR ( 1 ETH = 2.748 USD), I could cick my ass today, cos the the same ETH, I paid for it is now worth more than on 04/28 (today: 1 ETH = 2.884 USD) Or am wrong???
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rusty66
New Member
Posts โข 190
Likes โข 186
May 2018
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Banksy โข Souvenir Wall Sections, by rusty66 on May 2, 2021 15:05:58 GMT 1, This is the same dilemma as when buying anything in a currency other than your own. Iโm not sure of your objection here. But - ETH (is much more volatile than any FIAT currency and) for now rises and rises ...
This is the same dilemma as when buying anything in a currency other than your own. Iโm not sure of your objection here. But - ETH (is much more volatile than any FIAT currency and) for now rises and rises ...
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