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Take profits at $620? LMAO... how about ?10,000+
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Nope not gonna watch this at all  |
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Not understanding why folks can't figure out that technology has to have a starting point... this is the equivalent of 1981 for the IBM PC model 5150 running DOS 1.0... think it might get better?
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The stars are aligning... the infrastructure is well established... governments are starting to understand that a heavy hand will leave them behind.
It was a fad... now it's a trend.
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There are pumps in service that are intelligent enough to accept QR codes (like Dresser Wayne & Gilbarco)... Mobile uses this type of technology for their speed pass system... several brands offer loyalty programs that are fairly sophisticated...there are also pumps that can be retrofitted with a side box for passing payment codes to the POS system.
Besides the cost and durability challenges (would you stick a computer outside in minus 20 temp & freezing rain?) you have to deal with proprietary POS systems (the largest being RUBY)... these systems have to be able to map all types of transactions that are unique to the petroleum industry (ie underground fuel storage inventories, fuel shrink, agriculture tax discounts etc).... hence very little competition.
You simply can not afford to have delays at the pump with 4 cars stacked at each island.
If the demand is large enough it will force their hand... it took 8 years for Ruby to come out with an upgraded model...
I wouldn't count on the Petroleum fat cats to be early adapters.
The best way to start is to bypass the pump and go inside for your payment (they also accept cc inside)... then you can have a small device attached to a COM port and map the transaction as a separate payment key
btw, never blame a convenience store for the cost of gas... it is so competitive that they are lucky if they make 10 cents on a gallon (after numerous taxes)
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Start a rumor that using bitcoin makes breasts and penises grow. You won't be able to make them fast enough to match demand.
Bitplants... hmm you might be on to something here |
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Thanks for your excellent insights... I hope not everyone feels this way.
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It appears to be an imbalance between Fud starters and BTC activist using mainstream media to grow awareness.
We understand that big money capitalist have rallied their Fudsuckers and lobbyist (5 from credit card companies at last count)... but what are we doing?
As investors we need to be willing to fight with creativity because we certainly can't out spend them.... Status quo is not good enough if we want to see a solid return!
As a starter there should be a clear understanding of who is leading the cause and where can we donate to these foundations.
I think there was a recent article about two Bitcoin US lobbyist.
The efforts by Coindesk and others should expand to a broader base that reaches media outlets non cyrpto folks follow.
For those with better information on who we need to support to increase exposure please share... Most don't know where to send contributions or how to help.
Thanks
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Any so called bans will only be temporary... they will just be slow adapters that will have negative economic impact as the rest of the world moves forward.
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Los Angeles
Haven't heard much from Cali since Brown endorsed BTC... what's going on lately? |
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everything starts off broken, it will get fixed in the future.
This simple statement has a lot of merit... anyone old enough to remember the first PC or Cell phone will attest to the fact that there will need to be multiple levels of improvements on each level b4 there is a sense of transparency and security... don't jump off the boat at the first sign of a wave. |
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Please STFU chicken Little.
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It will be a long time b4 you can pay at the pump with btc... there is a very small % of convenience stores that have internet access at the pump (I did research on news, weather etc at the pump based on user preferences)... they could do something with a server inside the store but the equipment at the pump has to be military grade & weather tight.
Then there's the need for transaction speed in a high traffic environment.
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Perfect time to buy |
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Exactly... thank you scared fools for helping the cause |
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Open several accounts and spread your transactions across the accounts. The advantages:
1) The volume of transactions per account becomes lower and less likely to trigger some bullshit "suspicious activity" threshold.
2) If one account gets shut down you can still continue operating your business with the other accounts while you take your time finding a replacement for the one that got closed.
This is good advise... from personal experience a non friendly btc bank gave several "notices" that the account would be closed... after awhile I simply withdrew funds and moved them to a credit Union (less likely to be anti coin)... Once the banks realize that they don't control the market they will change their tune real quick... the first few btc friendly banks (or exchange houses) will reap huge benefits = game changers :^) We're just getting started... don't let the old school corrupters influence what is a positive revolution. |
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That's fine as long as they send out a warnings on credit card and cash risk...
Our family has been hit 3 times in the last year by CC fraund.... look at what is going on in California... we couldn't even use our card there while on vacation due to "large scale fraud in this state" per our card suppliers words.
What happens to your card when the waitress takes it to the back room?
It would be interesting to see actual % of fraud and criminal activity for each type of currency... my guess is BTC is the least.
These lobbyist are having an impact.
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Hmmm, thought the wild west led to the gold rush & land opportunities... should we passively sit around and let banks/gov fuck us over?
Nothing ventured.
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