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How to receive direct deposits via bitcoin?
Hello, I’m wondering if there’s any way one can receive direct deposits via bitcoin. Let’s say one were to receive $4000 from a selling platform like let’s say Shopify or ebay etc. Now I want Shopify to transfer my payout balance in bitcoins. Ideally I want to receive $4000 worth of bitcoin into my wallet. However bitcoins wallets are simply a line of random numbers and letters and I obviously can’t add that as my routing number and account numbers. So I’m wondering if there’s a service that generates a routing and account number for you to deposit your bitcoins into your wallet.
09-24 06:34 - 'In Unprecedented Monetary Overhaul, the Fed is Preparing to Deposit “Digital Dollars” Directly to “Each American”' (financialsurvivalnetwork.com) by /u/simplelifestyle removed from /r/Bitcoin within 841-851min
Announcing NetVend pre-beta for interested developers. NetVend is a virtual vending machine that runs on Bitcoin and has vast potential for many applications. More info in post.
Alternatively, you could use the api's generateCommand functions to generate any command, return this command to the user, and request that they sign it manually. You can then take that signature, and call sendSignedCommand. This is more of a hassle, but allows trustless apps to interface with the server. This article will assume that the private key is set, as this allows for simpler examples, but a few minor edits would make any application work in a trustless manner. NetVend has three commands: Data, Tip, and Query. Each command has a fee on the order of 30 milliSatoshis (1000 mSat = 1 Satoshi). Bitcoin deposits are tracked internally and deducted with precision to the microSatoshi (1000000 uSat = 1 Satoshi) automatically and instantly. Data:
response = netvend.commandData("Your first NetVend data upload!") success = response if (success) data_id = response['command_response'] #the value of data_id can now be used by anyone with the Query command to retrieve this data entry.
Data stores arbitrary data into the database, which is public and transparent. This data can be retrieved by anyone running the Query command, and is easy to be mined, sorted, and just generally analyzed if anyone's interested enough to structure an SQL query. However, this data may also be encrypted using any encryption techniques the developer wants to use, since the server processes the command regardless of the nature of the data. This will enable clever developers to quickly and easily build apps that can dependably utilize a neutral storage space for any encrypted or non-encrypted communication the app needs to use. Note that because this is a paid service, the server has a more inherent tendency to stability that other similar free services do not. With a sufficient community, it can be assumed that a fairly recent backup of the database will always exist somewhere. This means that even in the event of the NetVend server disappearing without a trace, another incarnation of it can easily be created and restored to a very recent state. In summary, the Data command stores a piece of data, publicly, for anyone to easily find, forever. Current Beta fee: 30 mSat. Tip:
response = netvend.commandTip(aFriendsAddress,5000000,0) #tip aFriendsAddress 5 satoshis' worth of uSats, referencing 0 as a data entry (interpreted as no data entry) success = response if (success) tip_id = response['command_response'] #the value of tip_id can now be used in a manner similar to data_id, seen above.
Tip sends internal credit from one account to another, specified by that account's Bitcoin address. These are not native Bitcoin transactions, and therefore they require some degree of trust--but are still verifiable in their own way (see the technical writeup). However, because the blockchain isn't used, some limitations of traditional Bitcoin transactions are avoided. Tips are much cheaper than Bitcoin transactions (one Bitcoin transaction cost would pay for the cost of over 1 million NetVend tips), they're virtually instantaneous, and they have the precision of 1/1000000 of a Satoshi (1 uSat). Because NetVend accounts are based on a bitcoin address and the corresponding signatures, funds can be sent to any Bitcoin user regardless of whether they currently use the service. This is because the recipient can always claim or control those funds by sending commands signed with their private key. Additionally, these tips can reference a data entry. When used in concert with the Data command, a tip can be sent with a sort of memo that describes some request or explains the tip in some way. These tips can be constructed by users directly or by the programs developers make. In both cases, these tips can be used as a paid request for any arbitrary service, automated or not. These tips can be viewed and analyzed by Query in the same way that data entries can. Current Beta Fee: 30 mSat. Query:
query = "SELECT id,data FROM data WHERE id < 10" #SELECT id,data Get the data id and the data itself #FROM data from the "data" table #WHERE id < 10 for the first 10 data entries response = netvend.commandQuery(query,2000) #send the query with a max_fee of 2000 uSats (=0.002 Satoshis) success = response if (success): rows = response['command_response']['rows'] for row in rows: print "data entry number " + str(row) + " says " + str(row) #iterates through all returned rows, and prints out the data id and data of each entry
Query accesses any of the public database tables (accounts, commands, data, tips) with any valid SQL SELECT query. All valid SQL SELECT queries are accepted and returned, excepting timeout issues. This allows anything (again, user or script) to comb through all public data (remember, however, that data can be encrypted) with that most perceptive tool--an SQL SELECT query, either simple or complex. This is how a client must gain any information about an account or anything else on the server directly, which means that a new account must receive either a direct Bitcoin deposit or a smaller tip from another NetVend account to access any information (Again, during the beta, we will be funding as much of this activity as we can). (To those who haven't used SQL before, an SQL SELECT statement can be either very basic (for example, get the balance of every NetVend account) or extremely complex and perceptive) Current Beta Fee: about 1.012 mSat, but varies based on complexity of query and size of returned data. See the netvend source code for details. I've written an example service that facilitates user-vs-user rock-paper-scissors bets, which is currently operating on address 18UjjHg7PHg5YsCdhdmFSkQhfBbt3R2RpH (EDIT: it's only a script on my computer, so it isn't actually online--although it is tested, and you can try running it yourself). It accepts tips, charges a fee, and then sends the combined ante to the winner of the bet. The ante is whatever is left over after deducting the service fee. If you'd like to experiment with the server, you can request funds from me directly, and I'll try to accommodate as many of you as I can. Alternatively, if you use netvend.setSeed('correct horse battery staple'), there is some credit sitting in that account that you can use. You can then tip this away into another account, but please try to be conservative so others can experiment as well. I've been using the python command prompt to send simple commands to the server, and it seems like a good way for anyone to get started. If you guys have any questions at all, I'll be more than happy to answer them or help with any trouble you're having. bardiharborow has been helping a lot with all of this, and might be around to answer questions as well. Thanks for reading!
I took a direct deposit as payment for bitcoins but RBC reversed it.
I owned some bitcoins and with the sudden price increase I decided to sell them. I found a guy on localbitcoins and he sent me money through the RBC Pay Bills and Transfer funds by adding me as a payee. It was about $1500. On the RBC website it states "Payments to other RBC Royal Bank customers are instantaneous and final. RBC Royal Bank will not reverse or otherwise correct such payments." So I thought this was a safe form of payment. I got the money with no hold period and withdrew it. Now it is a few days later and RBC is going to take the $1500 out of my account after I already sent him my bitcoins because there was "fraudulent activity". The fraud department says I got scammed and that I owe them the $1500, but won't provide any details to what the fraud or scam was. I am going to escalate it to the Client Care Center, and was wondering if anyone has any experience with this. Thanks
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