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  3. how to use digital coin to buy stuff online?

how to use digital coin to buy stuff online?

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  • S Offline
    S Offline
    Southmountain
    wrote on last edited by
    #1

    I never tried to buy stuff online using digital coins. I downloaded the app Trust from app store and start to play around with it. any experience to share?

    diligent hands rule....

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    • S Southmountain

      I never tried to buy stuff online using digital coins. I downloaded the app Trust from app store and start to play around with it. any experience to share?

      diligent hands rule....

      A Offline
      A Offline
      Amarnath S
      wrote on last edited by
      #2

      Old saying: Stay away from digital currency. Use real money instead.

      1 Reply Last reply
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      • S Southmountain

        I never tried to buy stuff online using digital coins. I downloaded the app Trust from app store and start to play around with it. any experience to share?

        diligent hands rule....

        D Offline
        D Offline
        David ONeil
        wrote on last edited by
        #3

        Just use a credit or debit card. Unless you are trying to obfuscate illegal purchases. But since those 'coins' can most definitely be traced, that is an ill-founded attempt.

        Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

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        • D David ONeil

          Just use a credit or debit card. Unless you are trying to obfuscate illegal purchases. But since those 'coins' can most definitely be traced, that is an ill-founded attempt.

          Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

          S Offline
          S Offline
          Southmountain
          wrote on last edited by
          #4

          these vendors also take credit cards, but when I transacted through my credit card, it failed.

          diligent hands rule....

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          • S Southmountain

            these vendors also take credit cards, but when I transacted through my credit card, it failed.

            diligent hands rule....

            M Offline
            M Offline
            Maximilien
            wrote on last edited by
            #5

            just send me the money and I'll make it work. :rolleyes: (lol jk)

            CI/CD = Continuous Impediment/Continuous Despair

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            • S Southmountain

              these vendors also take credit cards, but when I transacted through my credit card, it failed.

              diligent hands rule....

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              A Offline
              Amarnath S
              wrote on last edited by
              #6

              Have heard it's risky to give credit card details to digital currency sites. No guarantee that it'll not be misused. There are many cases of cyber fraud, we hear daily.

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              • S Southmountain

                these vendors also take credit cards, but when I transacted through my credit card, it failed.

                diligent hands rule....

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                David ONeil
                wrote on last edited by
                #7

                If they can't transact credit card info correctly, you'd trust them with 'coin'?

                Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

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                • A Amarnath S

                  Have heard it's risky to give credit card details to digital currency sites. No guarantee that it'll not be misused. There are many cases of cyber fraud, we hear daily.

                  D Offline
                  D Offline
                  dandy72
                  wrote on last edited by
                  #8

                  Amarnath S wrote:

                  Have heard it's risky to give credit card details to digital currency sites. No guarantee that it'll not be misused. There are many cases of cyber fraud, we hear daily.

                  Well that's the case with any web site, not just those that deal specifically in digital currency. Amazon has my CC details, and as much as I hate to feed the beast, I'd still rather buy through them than to give my CC details to 100 smaller sites who don't all have Amazon's resources to put together a system that can do online transactions securely. I've never dealt with bitcoins and such, and I'll keep it that way for as long as I can.

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                  • D David ONeil

                    Just use a credit or debit card. Unless you are trying to obfuscate illegal purchases. But since those 'coins' can most definitely be traced, that is an ill-founded attempt.

                    Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

                    D Offline
                    D Offline
                    dandy72
                    wrote on last edited by
                    #9

                    David O'Neil wrote:

                    But since those 'coins' can most definitely be traced

                    Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

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                    • D David ONeil

                      If they can't transact credit card info correctly, you'd trust them with 'coin'?

                      Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

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                      Jo_vb net
                      wrote on last edited by
                      #10

                      I think it is also possible that the credit card company does not trust them (black list) and blocks transaction.

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                      • D dandy72

                        David O'Neil wrote:

                        But since those 'coins' can most definitely be traced

                        Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

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                        J Offline
                        Jo_vb net
                        wrote on last edited by
                        #11

                        Yes, your Bitcoin transactions can be tracked - Here's how[^]

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                        • D dandy72

                          David O'Neil wrote:

                          But since those 'coins' can most definitely be traced

                          Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

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                          David ONeil
                          wrote on last edited by
                          #12

                          According to this, and other items I've read, yes: [https://koinly.io/blog/can-the-irs-track-cryptocurrency/\](https://koinly.io/blog/can-the-irs-track-cryptocurrency/)

                          Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

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                          • J Jo_vb net

                            Yes, your Bitcoin transactions can be tracked - Here's how[^]

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                            dandy72
                            wrote on last edited by
                            #13

                            The article makes a good point about a physical address still being needed to deliver goods, but suppose you're just transferring money (and that's all you use the wallet for). I'm not familiar with the process, but what's to keep one from submitting completely fake information when creating the wallet? It seems to me like every link that was ever made can still be tracked to some "external" thing someone made at some point, and not necessarily an inherent flaw in the system. Not that I believe the system is flawless. Merely curious.

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                            • D dandy72

                              The article makes a good point about a physical address still being needed to deliver goods, but suppose you're just transferring money (and that's all you use the wallet for). I'm not familiar with the process, but what's to keep one from submitting completely fake information when creating the wallet? It seems to me like every link that was ever made can still be tracked to some "external" thing someone made at some point, and not necessarily an inherent flaw in the system. Not that I believe the system is flawless. Merely curious.

                              J Offline
                              J Offline
                              Jo_vb net
                              wrote on last edited by
                              #14

                              Well I'm not able to answer your question because my knowhow about that is too low. But perhaps they make some kind of identity check when a person is creating the wallet.

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                              • A Amarnath S

                                Have heard it's risky to give credit card details to digital currency sites. No guarantee that it'll not be misused. There are many cases of cyber fraud, we hear daily.

                                J Offline
                                J Offline
                                jschell
                                wrote on last edited by
                                #15

                                Amarnath S wrote:

                                Have heard it's risky to give credit card details to digital currency sites

                                LOL! That right there sums up the entire eCurrency marketplace.

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                                • D dandy72

                                  Amarnath S wrote:

                                  Have heard it's risky to give credit card details to digital currency sites. No guarantee that it'll not be misused. There are many cases of cyber fraud, we hear daily.

                                  Well that's the case with any web site, not just those that deal specifically in digital currency. Amazon has my CC details, and as much as I hate to feed the beast, I'd still rather buy through them than to give my CC details to 100 smaller sites who don't all have Amazon's resources to put together a system that can do online transactions securely. I've never dealt with bitcoins and such, and I'll keep it that way for as long as I can.

                                  J Offline
                                  J Offline
                                  jschell
                                  wrote on last edited by
                                  #16

                                  dandy72 wrote:

                                  Amazon has my CC details, and as much as I hate to feed the beast

                                  Amazon might be hacked but I consider the chance of them just deciding one day to start charging all the cards to the max, and then withdrawing funds and moving it offshore to be very small.

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                                  • J Jo_vb net

                                    I think it is also possible that the credit card company does not trust them (black list) and blocks transaction.

                                    D Offline
                                    D Offline
                                    David ONeil
                                    wrote on last edited by
                                    #17

                                    Probably. That's what happens when you are untrustable.

                                    Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver

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                                    • D dandy72

                                      David O'Neil wrote:

                                      But since those 'coins' can most definitely be traced

                                      Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

                                      J Offline
                                      J Offline
                                      Jeremy Falcon
                                      wrote on last edited by
                                      #18

                                      dandy72 wrote:

                                      Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

                                      No government on the planet will willingly make themselves smaller with less authority. Not without a war being started. Money rules the world. So, you can rest assured, there will be a way if that way isn't already here.

                                      Jeremy Falcon

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                                      • J Jo_vb net

                                        Well I'm not able to answer your question because my knowhow about that is too low. But perhaps they make some kind of identity check when a person is creating the wallet.

                                        D Offline
                                        D Offline
                                        dandy72
                                        wrote on last edited by
                                        #19

                                        I went over a few more articles on the topic, and it very much sounds like, for all practical purposes, there's no way to get a wallet created without handing over some ID of some sort - countries have ensured those business entities cannot operate within their border without it. I've concluded the system has been compromised, no way around it. So virtual currency has lost its only real benefit. This has done nothing to help convince me I should get into it, even with any sort of promise to make any amount of money out of it...it remains a dead end to me. :-)

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                                        • J Jeremy Falcon

                                          dandy72 wrote:

                                          Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.

                                          No government on the planet will willingly make themselves smaller with less authority. Not without a war being started. Money rules the world. So, you can rest assured, there will be a way if that way isn't already here.

                                          Jeremy Falcon

                                          D Offline
                                          D Offline
                                          dandy72
                                          wrote on last edited by
                                          #20

                                          As cynical as you make it sound like, that is absolutely the truth. To believe overwise is just naive.

                                          J 1 Reply Last reply
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