thanks_jack_and_as_heads_up_i_still_run_into_the_site_keeping_me_from_putting_spaces_in
when first typing in a post, or reply - though if i hit return, works just fine. not really an issue, as much as very mild nuisance.
The best way to fund and get paid.
- Thread starter MadJack
- Start date
thanks_jack_and_as_heads_up_i_still_run_into_the_site_keeping_me_from_putting_spaces_in
when first typing in a post, or reply - though if i hit return, works just fine. not really an issue, as much as very mild nuisance.
bitpay card to temp halt BTC loads (?)
bitpay card to temp halt BTC loads (?)
To prevent payment risk for our cardholders and for our services during the Segwit2x protocol change, BitPay will be temporarily suspending BTC to fiat card loads approximately 24 hours before the protocol change begins.
Loads will continue to be unavailable until we are sure that payment risks have passed. BitPay is not in control of the protocol change, so there is unfortunately nothing we can do to speed up this process.
While the Segwit2x protocol change is taking place, you will be able to continue to load your BitPay Card with dollars via non-BTC methods such as cash load and direct deposit. We will restore bitcoin-to-dollar load services as soon as it is safe.
We will reach out with a reminder when the date of the Segwit2x protocol change approaches
bitpay card to temp halt BTC loads (?)
To prevent payment risk for our cardholders and for our services during the Segwit2x protocol change, BitPay will be temporarily suspending BTC to fiat card loads approximately 24 hours before the protocol change begins.
Loads will continue to be unavailable until we are sure that payment risks have passed. BitPay is not in control of the protocol change, so there is unfortunately nothing we can do to speed up this process.
While the Segwit2x protocol change is taking place, you will be able to continue to load your BitPay Card with dollars via non-BTC methods such as cash load and direct deposit. We will restore bitcoin-to-dollar load services as soon as it is safe.
We will reach out with a reminder when the date of the Segwit2x protocol change approaches
Do you have a bitpay card?
Here the entire email I received this morning. You will understand more after reading the whole thing.
Hi, BitPay cardholders,
You've probably heard about the upcoming Bitcoin protocol change called "Segwit2x." We wanted to give you a quick breakdown of what to expect as this change approaches.
Some background on Segwit2x
A majority of Bitcoin miners have signaled their intent to deploy Segwit2x, a Bitcoin protocol change which increases the base size of Bitcoin transaction "blocks" (groups of bitcoin transactions). The final part of this change is scheduled to occur when Bitcoin block 494,784 is mined. Right now, this protocol change will likely activate in mid-November.
In some cases, in-progress protocol changes can temporarily increase the risk of using the Bitcoin network for payments. These risks include the increased risk of double-spend transactions. When risks like these are present, we must take steps to protect our users.
How BitPay plans to respond to Segwit2x
To prevent payment risk for our cardholders and for our services during the Segwit2x protocol change, BitPay will be temporarily suspending BTC to fiat card loads approximately 24 hours before the protocol change begins.
Loads will continue to be unavailable until we are sure that payment risks have passed. BitPay is not in control of the protocol change, so there is unfortunately nothing we can do to speed up this process.
What happens if there is a network split?
In the event of a network split, BitPay?s services will follow the chain with the most accumulated difficulty. Learn more about how BitPay will respond to a network split.
How you can prepare for Segwit2x
We know many of you rely on the BitPay Card for day to day purchases, so we will work to restore BTC service as soon as it is safe. If you will need your BitPay Card during the week of the protocol change, we recommend loading it with dollars in advance.
Absent any further developments, we also strongly recommend that you stop sending or receiving any other bitcoin payments prior to Bitcoin block 494,784 (allowing time for your transactions to get into a prior block) and do not resume until the protocol change is complete. If you send or receive bitcoin before the protocol change is complete, you may exposed to a significant risk of double spends and unintended loss of funds.
How you will be able to use your card during the protocol change
While the Segwit2x protocol change is taking place, you will be able to continue to load your BitPay Card with dollars via non-BTC methods such as cash load and direct deposit. We will restore bitcoin-to-dollar load services as soon as it is safe.
You will also continue to be able to spend and withdraw with your card without issue. Remember: once your funds are on the card, they are held in fiat currency. There is no risk to holding or using your card balance during the protocol change.
Thank you for your patience, and thank you for using the BitPay Card! We will reach out with a reminder when the date of the Segwit2x protocol change approaches. If you have any questions in the meantime, please check out our FAQ article on Segwit2x or reach out to our team.
Best,
The BitPay Team
I don't have a BitPay card but have intended to get one. I have BTC in Blockcahin wallet and haven't bothered sending it to my bank account, maybe now is a good time to go ahead and do that?
i don't understand any of this shit. have a account at coinbase and at blockchain. costs me money to buy bitcoin and then costs me money to send it to blockchain.
paying fees on buying and recieving. like if a sportbook charges you to make a bet and then charges you when you win the bet.
what the fuck is a bitcion card and how to you get one.
paying fees on buying and recieving. like if a sportbook charges you to make a bet and then charges you when you win the bet.
what the fuck is a bitcion card and how to you get one.
i have no bitcoin - though kicking myself for not jumping in along with jack and group
from my limited understanding, now wouldnt be time to jump ship as far as getting out of BTC (and thats what it sounded like you were hinting at) in cashing out, to bank acct.
if thats the case, and i understand correctly - i'm not financial expert, but if i were you, i would mark an amount as your get out mark. if say, you never wanted to cash for less than what is trending at now --which is what $6900? - unless financially strapped that needed funds, i would keep and let grow, and keep eye on that if began to trend close to your get out number, to then entertain idea of cashing out. obviously this is a HIGHLY volatile subject, so to be able to cash out at 'right time' might be harder than in other cases, however so long as you keep an eye on it (as close as can) would imagine there is chance for you to make further gains before cashing out
^this is also a greedy stance in that want to make as much as possible which obviously comes with risk. so essentially its your risk threshold that you have to gauge
thats what me, the totally green BTC person feels like, sees from outside looking in, so take that for whats it worth
bitcoin card is one that you can transfer funds to - via cash, or bitcoin (and other options, if not mistaken) - though users i guess, primarily use the bitcoin option
they too charge you for all your withdrawals, however its minimal considering the option it allows for cash withdrawal, what not
essentially its a way of getting cash in hand from bitcoin without going through bank. you use it as a pre-loaded debit card, and can make day-to-day purchases on it, as well as atm withdrawals
right now, it (sounds as if) looks like the processing of bitcoin is undergoing a transformation that could find it taking longer - to mine (is how i read it) --- if anyone can clarify, that'd be spectacular
in the timeframe, with the newer process in place, they will not let you fund the card via BTC, until the process it hashed out as far as any issues with it
i imagine long term, they willl eventually return to allowing loading the card via BTC, though they'll need to have assurance in place about the newer system/process beimng bulletproof is what i gather
hope this helps
i am prolly the last person that should be advising to b honest
