The elephant in the room: consumers have almost no incentive to use bitcoin.
The common talking points are:
Low fees - The consumers pay no fees while using a credit card. They actually get rewards points back.
Privacy - As evidenced by a recent post, bitcoin offers little privacy out of the box. You need to go through hoops to achieve privacy. People who care enough to go through these hoops have better alternatives (like cash!), which are more foolproof.
Being your own bank - Few people want to take the risks associated with being a bank. It is more of a headache than a plus.
No consumer protection - No need to elaborate.
Distrust of the monetary policy - The volatility of bitcoin makes it useless as a store of value, and there are better and more reliable options to store your wealth. Few people buy into the tinfoil-hattery that the USD is about to crash.
There is simply no pragmatic answer to "Why should I buy bitcoin?"
I'll show you the why you're wrong in the first point. You'll have to solve the rest of why you're wrong on all of them by yourself. * Rewards points are ~1%. * Using bitcoin at gyft.com gives you 3%. Winner: BITCOIN. |
|
|
|
Ah, good ole Loup. Still advertising bASIC in his sig. |
|
|
|
Wouldn't that make him a psychopath then not just a sociopath?  Yeah, psychopath is a more appropriate term. |
|
|
|
He is a sociopath, nothing we say will matter to him.
Actually, he gets off hurting people. So when people cry on the forums he jizzes. |
|
|
|
Nothing so far. My case is still under review with the BBB in Denver. I am out of state in NY. Minersource never responded to the BBB complaint I filed. Totally ignored my concerns and now they are past the deadline set by the BBB, so it's now under review. At this point I would be open to join any collective action legally to get my refund.
You can file a Small Claims Court online against MinerSource. If you have a single X1, then it's probably not worth it. But a larger order would be. |
|
|
|
If you want to use any pool (especially if you are going to mine altcoins) I really welcome you to try NiceHash.com, it's easy to use and you wont risk much - pay-as-you-go, no contracts  Why do people pay .020+ BTC to earn .015 BTC??? |
|
|
|
This one seems particularly persistent. I will see what I can do.
Still trying to dismiss the FTC shutdown as simply a "persistent rumor"? |
|
|
|
WoW! Let's #ASKFTC what they think about that...  xstr8guy said it all, better listen to that free advice... Someone should #ASKFTC if they're aware that BFL is sending bitcoins from their EMC subsidiary. |
|
|
|
The only one that is morally, ethically and intellectually bankrupt here is you, Mr. Wasp, I mean Darin Bicknell. How's your illegal school going?
The FTC shuts you down, yet you still come here to spout madness. How do you plan to hide your employer on your resume? You are updating your resume, aren't you? |
|
|
|
|
Doesn't matter if it's a scam or not. It's horribly overpriced. There's no reason to buy it. None.
|
|
|
|
STOP ERASING POSTS PEOPLE NEED TO KNOW THE TRUTH
Stop posting in their moderated thread. There's a non-moderated thread for that. |
|
|
|
In light of new information, said clock buffers may be insufficient. Give it Two More Weeks tm. |
|
|
|
I'm not sure if you read the terms of your agreement to preorder, but mine did say there were no refunds.
And that's one of the reasons they were shut down. Those terms are illegal. |
|
|
|
Back up--S4 pricing updated to $1450.
Very much not interested at that price. |
|
|
|
You should check the definition of hissy fit. That's the kind of tantrum you usually throw.
Your company got shut down by the FTC.  |
|
|
|
I don't think you understood the question. I have a farm with 79 Terrahashs of Bitmain and Avalon equipment. I wanted to
know if anyone, off the top of their head, has done the calculations for the ROI on ONLY the S4 based on rumored price
and the crap performance of the coins value over the last month (and of course taking into consideration the difficulty swings).
There are too many conflicting stories out there from people that don't have a clue about much else than sitting at home with
their three S1's just "burn'n up" the pool they're in and thinking they have all the answers. (I haven't even met people with
more than I have with all the answers!)
Too much speculation at this point. The currently low exchange rate and the rapidly increasing network difficulty makes ROI very difficult. |
|
|
|
BFL may be the first but they are surely not going to be the last. This is the FTCs first foray in the bitcoin space it sets precedent of how they well handle these issues. It will be much harder for them now to turn a blind eye to any other manufacturer/resellers. This is great news for not only us but the industry.
Bitcoin exchange rate skyrocketing today. Looks like the market is very happy for this. |
|
|
|
I've filled a complaint with the BBB minersource still has some time to refund me, next step will be the FTC.
That's the ticket. Sure, BBB doesn't have any real authority, but people have received refunds after filing BBB complaints. On the other hand, filing a complaint online is trivial. If you can't even be bothered to do that, no wonder the manufacturers aren't feeling pressured. No one follows through. BBB: file complaint online FTC: file complaint online Small Claims Court: file complaint online That's all very easy to do. Yet who has actually folllowed through? The manufacturers just laugh at you if you don't follow through. |
|
|
|
|
Show Posts
