I really like what overstock is doing for bitcoins, and this definitely more good news.I hope they continue supporting btc purchases for a long time.
I agree that this is pretty nice. What we need now is discounts. Give people a reason to buy Bitcoin to use there, rather than just the novelty of it. This would increase sales more and get more people using them. Discounts could dramatically increase sells so i hope your reading this, overstock. Or buy one get one free(if you buy with bitcoins) or buy one and get the second one at half price. They'd have issues if they were too steep. We estimate that companies save what, like 4% on transactions (maybe 3%, for high-volume)? Give us 2% of that. Now the company saves money and we do as well. For bigger purchases, this is MASSIVE. For smaller ones, it adds up over time. He said they were going to keep all of the coins, so probably will hold them til they're worth a few times more than when the product was sold. |
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Not to rain on BitPay's achievement, but we REALLY need competition.
Monopoly isn't good for any market.
There are others, like coinbase. The only difference is Bitpay is making the addons for carts, and paying the fees to get on sites like 3dcart which is $5000. |
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30 mill itīs not to much comparing with the daily volume on a lot of BTC exchanges like BTC-E or Bitstamp. In BTC-E the daily volume itīs more than 3 mill. BTC-E is day trading... Not processing transactions for businesses selling things. Huge difference. |
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$500,000,000 worth, that's 1,126,000 BTC  Not really. Perhaps if you're the only big player going into bitcoin and you have 1-12 month time to buy. Otherwise the first 50 millions would drive the price to the moon. If you were in a hurry, at least. He could also slowly buy bitcoin, get a contract for the main players like bitpay, and coinbase to buy sold coins, such as if someone were to sell a product instead of bitpay selling those coins on an exchange, sell to this guy. I have also seen many threads selling high amount of coin, cash only. One was for 400k in coin alone. Cant remember the amount of coin like 10k maybe. |
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Bitcoin is dead, I'm selling mine at a 80% loss. Moving on to a different crypto. BITCOIN IS DEAD!
bitcoin is atleast $400.. so 80% loss means you bought bitcoin at $2000 Was going to post this, its only dead to him because hes retarded as fuck to buy for $1600 over. |
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If you didn't blow though your money yet.. Buy a few btc and buy stock that pay dividends. Spend it all on that, yeah 290k is a lot, but you didn't have it before so it will be like you never had it, and you have the potential to make 20,000 a year in dividends for the rest of your life.
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I'm no scientist, but I'll disprove god with one picture that I made. God is all knowing, he knows the future, the past, everything that will happen. He gave the words to write the bible, correctly how everything will work out with the future. Explain this image.  |
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the Bitcoin fees are a serious ripoff at the moment considering what they used to be and its keeping the price of BTC down aswell
How? Its like a penny. Swiping your card cost 25 cents + a % of the swipe to the merchant. |
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I would like to know how an attack takes place on a non-2FA online wallet that is not possible on a 2FA online wallet ?
I believe your question has been answered by many people now, but I am curious about the reason why you don't like 2FA. 2 reasons :- i. Inconvenience caused to secure less than 1 BTC. ii. The moment I'm providing my phone no., the moment I'm surrendering my anonymity. .. inconvenient to secure $450, aren't we privileged. |
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I like the title of that paragraph: "Happy accident". Couldn't God be the very first happy accident of everything then? That would have made then the first organism, or life form. Technically the first life form could be called 'god' just as bitcoin has the genesis block. But I'm highly skeptical that the first organism formed became an all knowing, never aging, magician. |
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So give it to a homeless shelter so homeless people cant spend it on their phones they don't have. The homeless people don't need a phone to be benefited from the donation, say for example, the bitcoin can be used for a charity organization to provide food for homeless people. Honestly Bitcoin isn't about helping homeless people, anyone can fund raise for them. The benefit of helping homeless people which will get zero attention from anyone but the person exchanging the coin to cash vs some of the smartest techies on the planet. Id take the techies. |
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So give it to a homeless shelter so homeless people cant spend it on their phones they don't have. Or give it to one of the top ranking schools in the world, with the top ranking intelligence in the world, with people moving into the most advanced sectors on the planet. I will take MIT over a homeless shelter. |
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What country are you from?
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Hardly anyone is going to go out and buy bitcoin to buy lol gear. They will use their cc
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Really interesting thought Peter R. Think it is beyond our imagination what happens of some Francs from the Swiss mountains are moved into bitcoin.
Now lets pretend we are Putin, and he wants to move one billion from his Swiss bank account into bitcoin. Lets try to help him, because I really see a few hurdles:
- Volume on online exchanges is way too low: getting 2 million bitcoins is near to impossible
- Therefore the price of one bitcoin needs and will rise, so less bitcoins are needed. But this only happens because of the one time instant demand, and likely pops afterwards. Not really a safe storage of value, when 50% of your Francs are happily converted from bitcoin again in fiat by all the current bitcoin holders.
- Think it would maybe be interesting to get a deal with a large mining pool?
- Better ideas?
At the moment getting a billion into bitcoin and not losing your principal because you pushed to price artificially high is simply not possible. Less than 8% of all bitcoins are available on exchanges and other sources for purchase. Putin would be better off buying about $500,000 worth per day for the foreseeable future, it's not going to be a billion for a long time, but it's the safest way to do it. Even now I think $1,000,000 a day would be too much. Other sources are the holders of 100,000+ bitcoin, but why they would sell and loss an instant 25% to tax I don't know. Putin could get a hundred million fiat into bitcoin if given a year, but a billion is not realistic. Of course in a couple of years, if Ethereum or Bitcoin is truly a 100,000,000,000 economy, getting 1 billion becomes much easier (Of course if this happens, his 100,000,000 this years becomes worth billions in its own right) Or you can just get a contract with all the merchant processors and buy all the coins that come in every day. |
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posting a cheque my mail - maybe next day to deliver - 3-5 business days to clear
wire transfer - 3-5 days in america
cash - instant, although ATM's have daily limits for larger amount
bitcoin - receive instantly - clears in 10 minutes if you pay a greedy mining pool
the fix for bitcoin if you are talking about greedy mining pools delaying confirmations is to stop them taxing bitcoins with 5c fee's that not many people want to pay. if it were 0.5c maximum, people would pay.
i hope not to see a reply that fe's prevent spam. as that idea is stupid. blocks are only 10% filled on average. and bitcoin can code different rules such as a 3 confirm requirement between spends. this would make it so spammers cant fill up every block.. just every third block.
after all we are suppose to be allowing microtransactions, not preventing them. so that news media subscriptions, vending machines and small priced products can be bought, advertising commissions can be transferred instantly in small amounts instead of accumulated to send in batches. all without a 5c fee being added.
I've never had a transaction confirm in 10 minutes. What's the quickest time one will take to fully confirm? I've had a transaction confirm in less time than it takes to refresh my page. |
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First option is stupid, because you would be selling half of them at $100.
More like sell 200, buy a house, sell 200 more buy a second house, sell 200 more, buy a third house, later on sell 200 more buy a fourth, and so on. Then rent the houses out to veterans for cheap as dirt after I have 10.
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He will be hurtin once btc hits 2$ again.... soon enough.
He already said it paid for itself many times over again, so he made his initial 5 million back plus many times more for profit. |
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Just go to your browser settings and click view saved passwords.
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