... Please find a flaw in this: I can send $1B with a fee of 40 cents or less. Now go contact WU and ask them how much that would cost.  WU? You mean Western Union? To transfer a billion dollars? Only on this forum, folks My bank charges me nothing for the transactions I make, it costs me nothing to write a check, it costs me nothing to use a debit card. So if this billion-dollar transfer is a payment for a BTCeanie BTCaby, it would cost me exactly 40 cents less than a BTC transfer. So now you know. Stop trolling. I paid $25 to transfer $100 once via Western Union. You pay a fee with banks as well, stop selling a fake story. Of course you did. And I've paid $50 for a coke. There are stupid ways of sending money, and they are expensive. Western Union is not how normal fiat transactions are done. Certainly not how a billion-dollar transaction would be done. If you know someone who tried to send a billion dollars via WU, give me his addy--I got some Bitcoin to sell him  If your bank charges you for writing checks and using a debit card, I suspect you have stumbled upon a fiat equivalent of Neo Bee. |
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@criptix: Give up. Now you understand why I post gifs.
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@dell:
i think the clue was about where you would buy from. i think it was like a discount of 20-30% if you bought dell products via btc from china or similiar.
Link pl0x. I could find nothing. For Overstock too, if possible. "My uncle's friend heard it on IRC" doesn't cut it. @overstock http://www.coindesk.com/overstock-ceo-patrick-byrne-1-6m-bitcoin-sales/Thanks, I followed the 10% link in the article, which landed me here, but couldn't find a ref. to him holding 10%. Then I realized I misunderstood the intended meaning, which is: At the time the article was written, "CEO Patrick Byrne ... now holds "several million dollars" in bitcoin, having recently invested in the currency." TL:DR: As I understand it, he is not keeping a percentage of the sales, he holds (owns) several mil$ worth of BTC, which constituted 10% of Overstock's BTC sales to date. If this is unclear (my fault), I can try to explain it beterer. @dell they had an up to 15% discount promotion of alienware stuff. and if you bought from china with bitcoins you would have saved around 45% because of their foreign exchange controls. https://bitcointalk.org/index.php?topic=701178.0i have a favor good now, took me like 2030 minutes to dig that out --" Thanks for taking the time (no sarcasm). Maybe it did take place, but this: "Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). ... He saved 46%" is exactly what I meant by "my uncle's friend from IRC"-- unverifiable, anecdotal evidence. This fora are full of stuff like this. Regardless, thanks again for taking the time to find it. |
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... Please find a flaw in this: I can send $1B with a fee of 40 cents or less. Now go contact WU and ask them how much that would cost. WU? You mean Western Union? To transfer a billion dollars? Only on this forum, folks My bank charges me nothing for the transactions I make, it costs me nothing to write a check, it costs me nothing to use a debit card. So if this billion-dollar transfer is a payment for a BTCeanie BTCaby, it would cost me exactly 40 cents less than a BTC transfer. So now you know.  |
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ITT: Bitcoiners bitch about the evols of fiat. Don't know what "fiat" means.
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Is the price decrease we're experiencing right now just people cashing out for Christmas or just with the grander scheme of things?
When you see multi-thousand BTC sells on an exchange, ask yourself: Who's the lucky girl getting the nice Christmas present? |
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@dell:
i think the clue was about where you would buy from. i think it was like a discount of 20-30% if you bought dell products via btc from china or similiar.
Link pl0x. I could find nothing. For Overstock too, if possible. "My uncle's friend heard it on IRC" doesn't cut it. |
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Because fiat is backed by gold, and gold can't be stored as a series of 0's & 1's as data. maybe?
The astounding ignorance of Bitcoiners Fiat currency is not backed by gold or any other prehistoric commodity. Look up the word "fiat" and educate yourself. |
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Gyft gives 3% back on all gift card purchases bought with bitcoin.
If gas stations ever sell fuel for bitcoin that will avoid the extra $ per gallon that they charge you for using a credit card instead of cash...
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Most gas stations near me offer no cash discount--i stick my card in the pum & I'm done. Also, see post above. Major retailers accepting BTC do so through a payment processor. Payment processors charge for their service, because not Communism  |
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first good answer and shows merchant adoption is actually still good for something. Well, maybe there is hope if the merchants are stupid enough to accept bitcoin as volatile as it is.
The businesses I have helped LOVE bitcoin now. There is no reason to face any price swings. You could use a payment processor and give up 1% for the service. That's better than the 3% you give up to a credit card. Bitcoin also allows some businesses to capture new markets. Look at this place I know. http://centraltexasgunworks.com/ ... Does the nug store offer a discount for using Bitcoin? (link pls) If not, none of my CC charge me the 3% fee you claimed. Once again, Bitcoin is more expensive to use than CC im pretty sure hes talking from the merchant perspective. also i think in the end you as the consumer will have to pay the fee because it is already priced in /edit btw there are actually some good discounts from big merchants (overstock,dell what i remember right now, also im pretty sure that i saw advertisments of other merchants) If the retailer is not passing the savings on to me, I'm not interested. I'm sure most consumers are not, either. Dell offers no discount for using BTC. Further, Dell redirects buyers to Coinbase.com, so Dell's not accepting Bitcoin--it is accepting fiat via Coinbase, a payment processor that does. Not sure how Overstock does it, but I'm sure it's about the same--a cursory glance mentions Coinbase.com. Overstock also offers its own plastic, giving you savings galore. I'm sure substantially better than whatever promo they ran for Bitcoin. If BTC discount is offered, it is certainly unadvertised  So yeah, chalk up another win for CC |
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This. Even if we consider beanie babies as a legit form of currency they can be "printed" to infinity.
That's just ignorant. Just as happens to be the case with Bitcoin, the number of BTCeanie BTCabies is limited. Educate yourself: The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible.
-- http://en.wikipedia.org/wiki/Beanie_BabiesFurther, the number of BTCeanies is smaller than the total of BTC, hence the substantially higher price:  Yeah, you missed that train, bro. BTCeanie enthusiasts are already lounging on the moon, while you Johnny-come-lately Bitcoin imitators only dream about it. Apologies for the delayed response. |
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first good answer and shows merchant adoption is actually still good for something. Well, maybe there is hope if the merchants are stupid enough to accept bitcoin as volatile as it is.
The businesses I have helped LOVE bitcoin now. There is no reason to face any price swings. You could use a payment processor and give up 1% for the service. That's better than the 3% you give up to a credit card. Bitcoin also allows some businesses to capture new markets. Look at this place I know. http://centraltexasgunworks.com/ ... Does the nug store offer a discount for using Bitcoin? (link pls) If not, none of my CC charge me the 3% fee you claimed. Once again, Bitcoin is more expensive to use than CC |
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Local authority? ll, what is that?
1. Dial 911 (or equivalent if you're one of the unfortunates Bitcoin criminals forced to live outside US). 2. Explain to the operator the depths of depravity that you have sunk to. 3. Stay on the line until the van arrives. 4. Walk out of your domicile slowly, with hands clearly visible and raised above your head. You will be transported to the nearest appropriate agency. |
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1) Bitcoins that belonged to one person now are spread among 100+ persons. Jini coefficient is happy.
1) Wale dumping on exchanges is good, because Gini coefficient. |
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From 2020: Oh no, my bitcoin are worth less than zero! Where do I pay the fine? Does the Anti-Cryptocurrency Task Force take dollars?
Turn yourself in to your local authorities and pay it in person. They might go easy on you.  |
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In that case there's a good chance a vast number of current investors would leave for good, and price would deflate to level that seems laughably low right now... but then what? Others will pick it up from there, as long as there is the confidence that Bitcoin is useful for something after all. Cue the trolls: "It's about as useful as beanie babies or tulips". I don't need to tell you that's just noise. The usefulness of Bitcoin (or crypto in general) is undisputed. What is up for debate is the scale at which it will be used (and, as a consequence, what the valuation of the network should be).
Forgot to respond before, but Beanie Babies are actually more useful than Bitcoins IMO. When I hold Bitcoin, I hide them in my cold wallet, too scared to even consider spending any because of the eternal public paper trail it leaves. It's already scary enough to securely handle cold storage considering all possible attack and data loss vectors, but at the same time, I have to be scared that they tremendously lose value again. At least you can play with Beanie Babies, and some of them actually look nice. Plus, they're already worthless.   |
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The only thing better than an Ignore Feature, might be a stat that showed the number of people ignoring a particular user. And then maybe the ability to auto-ignore users who have been ignored by a specified number of members. That would shut down these trolls and shills REAL fast.
Feature request???
Well, jaredboice, this forum had a ridiculous amount of Bitcoin donated to it, and somebody was getting paid to work on new software, but... You know, Bitcoin. I'm afraid we're stuck with a broken '09 copy of SMF |
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...Signs of a bottom and that BTC has value.
This user is currently ignored. I rest my case. If you insist on being an attention whore, at least do it right: You can't quote a user you have on ignore That volume tho, gentlemen. You know what happened to all them boomtowns once the gold rush was over and the miners split? That's right. Ghost towns. |
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...Signs of a bottom and that BTC has value.
Of course BTC has value. It's comedy gold V2.0. |
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Why would it matter where the bidder (syndicate) got the money, or if the bidder represents many people?
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