would suck if the wifi went down ... then non updated price, could lead to frustrated customers at checkout =/
But, very cool nonetheless!
I can tell you if wifi(or you meant internet) is down, it would still suck if you accept CC. Most if not all new terminals use internet connection now. |
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So lets say they are paying 2% on plastic charges.... 1% for bitpay. So a 1% saving on every transaction. That's $5,000 in added revenue/savings just by accepting bitcoin. That's pretty cool.
Lets say 1%?? Why should we say such things? https://bitpay.com/pricingI went with 1% because thats their basic price package. Its just a guess since we dont know what package they go with. It could certainly be less. Point was they are saving quite a bit of money simply by accepting bitcoin  At 2 billion in sales, probably more like 0.1%, card merchants will fight for your business and give you lower rates, and at 2 million in profit with 0.1% I can see it being around there. The person who sells the credit card service makes a % can be from 10% and above of all profit made from the transaction % so at 0.1% the person who signed them up will make $200,000 yearly just from the account. Are you talking about bitcoin payment processors or credit card processors. I've never heard of credit card companies offering 0.1% fees, do you have anything to back that up? That sounds way off if youre talking about cc processors , if thats the case than a lot of merchants would have no need for bitcoin as it would actually be more expensive in a lot of situations  . He just had an anal sex to pull that shit straight out of his ass.... 0.1% .... pfft i bet that must hurt. |
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Thank you for the answers. I think it makes sense. Again, please correct me if I am wrong.
1) The current difficulty of mining is 2,193,847,870 which is approximately 2^32
2) A valid transaction paired with the private key and converted into a 2^256 bit long hash. Hence, brute force approach to crack a password has a difficulty of about 2^256. Hence mining is 2^234 time easier than cracking a password.
Since there are only 21,000,000 BTC mining is always more likely to produce better returns than trying to crack a password.
Again, thank you.
LOL did you finally take a sec to think? Bravo brother |
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I read above that someone actually thinks the "privatization" (as they like to call it) of utilities the way it's done today is a realistic example of free markets and private industry. It's like when the state signs a contract with a "private prison" GUARANTEEING 90% capacity virtually regardless of performance. That is socialism, not privatization, just using the "P" word to describe it will not earn you any brownie points, sorry! Call it quasi-private if you will. If the state is involved, the initiation of violence is being used as an economic power and thus distorting the markets and natural incentivary mechanisms.
"Government will continue to deliver regardless of profits. A private company won't."
Exactly. You've just described the cause of most of the problems in the world today.
Government will continue to deliver regardless of profits, yes - and they will steal lots of money, drop lots of bombs, and shoot lots of people in order to do so.
*FACEPALM*
Jeeezus. I thought I had you on ignore. Will soon sort that out but in the meantime...... ....it is not 'governments' who decide to go to war, drop lots of bombs, and shoot lots of people... ......it is the powerful monetary and business interests behind them. It is the 'free market' at work. In a 'free' market, the Big Boys are free to push everyone else around however they see fit. It is what we call 'neo-liberalism' and if any one lesson can be learned from that it is that a powerful man's freedoms become the chains around 10 humble men's necks. Hooray for unfettered free market liberalism. *Facepalm* Indeed! Nothing worse than snottery nosed little wetbags who think they fkn know the score. WOW the irony..... What a moron. Do you really have an ignore list? I bet you dont even know what ignorance mean you little shit. Here.... welcome to my ignore. |
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I dont know if you're brainwashed by goverment but why no KYC means money laundering? Why no direct banking means money laundering?
So far your points are just as the idiots' calling bitcoin ponzi/illicit currency
Under Bulgarian law if one engages in financial mediation is obliged to "Know Your Customer" or validate customer personal information. If he doesn't he breaks the law. Which part you don not understand? Have you ever been in Bank? Whoosh you hear that? it just went right over your head.... So your logic says.... if you dont comply with the law, you're money laundering? Awsome logic you have there. You just answered my first sentence. It's updated for 2014. Yay!!! knowledge is power only if you can understand it. You call any business not compliant with such rules because they're laundering money. Care to prove that? apparently you dont know there are other reasons? |
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Whoosh you hear that? it just went right over your head....
So your logic says.... if you dont comply with the law, you're money laundering?
Awsome logic you have there. You just answered my first sentence.
I can't believe that you are not already on my ignore list. I am sure I would have added you right away if I had came across any of your posts. Go and do business with any bank or financial mediator for even a modest sum, and try getting the transaction done without verifying your ID, proof of address etc. In fact don't. Lay of the junk food, think before you puke your bile out onto the forum, and frankly just stop embarrassing yourself. But does that prove i'm laundering money? Because i choose to not complying with the law ? Dumb ass you missed my point. The law requires money service businesses to follow such rules, but that does not mean the only reason for that is laundering money. |
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GET THE FUCK OFF THIS FORUM
Chao Ni Ma
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old news.... god damn the market manipulator..... trying to pump the price?
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I dont know if you're brainwashed by goverment but why no KYC means money laundering? Why no direct banking means money laundering?
So far your points are just as the idiots' calling bitcoin ponzi/illicit currency
Under Bulgarian law if one engages in financial mediation is obliged to "Know Your Customer" or validate customer personal information. If he doesn't he breaks the law. Which part you don not understand? Have you ever been in Bank? Whoosh you hear that? it just went right over your head.... So your logic says.... if you dont comply with the law, you're money laundering? Awsome logic you have there. You just answered my first sentence. |
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We need more info on the 6MHs and 12 MHs model.
power consumption, and price?
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If BTC-E will have problems, then it will also hit hard on LTC price, since it's the biggest market for LTC.
I converted my LTC to BTC and transfered to stamp. I have always been nervous on keeping money in BTC-E, because their lack of transparency. They have a great interface and engine, but sadly I don't trust people that I know very little of. So, their confidence that everything will be fine won't make me very confident. Suffered a small loss because of this move, but I think that it was necessary to avoid the risk. I'm afraid that LTC price will drop more and there will be a lot of FUD, before it's known if BTC-E is in fact in trouble.
Lack of transparency is kind of an invalid point, given that the creator of Bitcoin is just as anonymous as the owners of BTC-E... No, your comparison is invalid. The Bitcoin-d/-qt code is a protocol, but BTC-e is a service. The 2 owners of BTC-e have complete control over whatever you store there. The "creator of bitcoin," if the reviews of countless coders over the last 4+ years are any indication, has no such control over your bitcoin. Apples and oranges, my friend. Keeping coins on an exchange is far riskier than keeping them in a cold wallet, or even a hot wallet provided you take appropriate security precautions (like not being a tard and using Winblows/Macinshit OS) I meant the personal identities of both BTC-E and bitcoin are both anonymous, also in the post right above I said the same thing about keeping the coins in a wallet rather than directly on the exchange itself You missed the point..... of transparency, idiot /facepalm |
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It would be like if Argentina decided to ban MtGox.com. It would only affect argentinians.
Indeed, if Argentina wanted to move against BTC-E, likely nothing would happen. Russia, on the other hand, is a global power, and may have the power to affect action in the relevant jurisdictions. If, for example, the US wanted to move against BTC-E, we could likely expect the domain to be seized in a relatively short amount of time. I for once think its great that Russia and China move against bitcoin. That mean U.S. can go pro-bitcoin to without worrying of "dark" plans by its enemies. |
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As for BTC-e's legal situation, here's my take on it... The exchange does not operate in Russia. The owners reside in Russia but are not russian citizens. As it stands, only Russia has taken action. This means that everyone else doesn't have much to worry about. It would be like if Argentina decided to ban MtGox.com. It would only affect argentinians. But, keep in mind that Russia is probably a significant memberbase for BTC-e. Now, if the Bulgarian government decided to shut down BTC-e, that would be a different issue. But show me an exchange that is 150% certain of their legal status, show me a country that has absolutely no regulatory uncertainty... On a side note, I love BTC-e's interface. Almost as much as I loved Bitfloor's interface  That is not correct, the all mess with btc-e is not about ban or something. They are suspecting exchange of money laundering and terror funding, thats a big issue. I have no doubt this have to do nothing with reality of course, but in Russia no one cares. If you see news like this one, that means they want them really bad for some reason. I don't know for terrorism but the way they operate indicates some type of money laundering. Based in Bulgaria (highly corrupt EU state), cash deposits trough Egopay and other shady payment processors, minimum deposit of 2000 EUR, unknown owners (rumors Russian mafia), no KYC/AML and when you compare them to the Bitstamp it's pretty obvious. I hope everything will be fine because of huge number of Bitcoiners doing trade there but BTC-e business practice is odd at best. I dont know if you're brainwashed by goverment but why no KYC means money laundering? Why no direct banking means money laundering? So far your points are just as the idiots' calling bitcoin ponzi/illicit currency |
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very interesting! even if they don't succeed, others with lots of branches might jump on the train! gosh i cant stand that Asian bitch.. Can she raise her eyes brown any higher? as if she doesnt, her eyes wouldnt open.... How the heck she became a TV host is beyond me.
really looking forward for a video post without racist or otherwise stupid comments without any relation to the topic whatsoever. but im quit sure it won't happen before bitcoin hits 100K $  My comment is racist? What? i was talking about the hideousness of that TV host (while she tried to cover up with massive make up). I do believe being a TV host requires some pleasant looking face. It got nothing to do with the race. Do you see all Asian girls raise her eyesbrown up like that all the time?  |
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gosh i cant stand that Asian bitch.. Can she raise her eyes brown any higher? as if she doesnt, her eyes wouldnt open.... How the heck she became a TV host is beyond me.
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DO NOT CLICK the LINK.... Keylogger found!
Fck you OP, and this forum does not allow self promoting sites!
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I don't think anyone threw him under the bus -- I think he walked in front of it.
And did a Harleem shake at the same time. Living large yo! |
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Mine is still not sent! It has been 10 days!!!!  |
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Welcome to my ignore asshole
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