What's the difference does it make if you are carrying loads of cash in your pocket. The point is it doesn't matter whatever item of value that you decide to carry along, it can still be taken away. Similarly if you are held at gunpoint, you also have no choice but to enter the password and make instant internet money transfer. Same goes for credit card. In the end, it's how you take the precautions to avoid all that.
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Well obviously they see it as a threat to their business. Else why would they need to make a hard stance and exert the pressure to government to regulate bitcoin. Actually for me I regard my credit cards information to be more vulnerable to attacks rather than seeing my bitcoin account getting compromised. The cards can be cloned but you can't do the same to bitcoin account.
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A lot of things could have happened. For instance a big corporation announcing they are using bitcoin as their official payment system and they have integrated it without issue with more big companies to follow suit in their foot steps. Another scenario is that people might have actually found a way to convince all the users in the money remittance to switch over to bitcoin and people starts to embrace its benefit.
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In a way I would say it's yes. Although Overstock core business is in the retail field but with the new development in offering cryptosecurities, indirectly they are acting as our brand ambassador that carries along the bitcoin name. This is also compounded by the fact that they are also one of the biggest online business to accept bitcoin. investors are putting their money into buying the bonds means they have confidence in the business they are doing. I would look at it that way.
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The point he's trying to say is if you don't update and go with the flow of change be prepared to get left out. Nothing is too late nor is it too early and as in the case of bitcoin I would say there's a good chance it will be something big one day. In the end it doesn't hurt to try out or even take some time to learn more about new technology.
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If gyft can do that, I'm sure others can do the same. The point is it doesn't matter if that is just gift cards business because once gyft successfully implement that it will set an example for others to follow. And i wonder why other businesses fail to see the advantage. There is no middle party like credit card companies and for sure they don't need to pay a share of their earnings to them. And for that they can offer better price compared to competitors and have the edge here in business. Oh well..
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Why take the unnecessary risk? If you can afford buying at least 10 btc, you can consider yourself pretty well off and I'm sure earning a few more btc on top of what you are having wouldn't matter much for you isn't it. Believe me, i lost some once and There's nothing more demoralizing than to see a few btc going to the drain for some bad investment decisions. Just leave it sitting idling.
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Try to imagine the scenario that one day when you travel from a country to another, you don't even need to bring along different currencies and waste on the fees just to convert from one to another. You just need to have your bitcoins with you and practically buy just about almost anything. No worry about banks or credit cards anymore or giving away your private information. It's the freedom here we are talking about.
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I would say majority of those people who thought it was a scam probably didn't quite understand what bitcoin is all about or they just didn't bother to check out what it was in the first place. To make things worse they could have just take in what they have read from other misleading posts and articles spreading lies. The first impression is very important and I would say mt gox actually did a lot of damage on that.
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I think what really makes the difference is when you have bitcoin becoming the standard currency for cross border transaction. Imagine a foreign worker in a country sending home the money without having to pay excessive fee and it is almost instantaneous. Similarly, if you are a frequent traveler, you can also forget about exchanging and holding different foreign currencies and that is when you have bitcoin.
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First of all, bitcoin does not have to refer or take the fiat value as a benchmark to determine the price. Maybe for now, yes, it's happening but I foresee that one day when the infrastructure has expanded and bitcoin has reached mainstream adoption, we really don't need to refer to that anymore. I hope you take that into consideration.
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People don't want to invest in fiat cash because it's paper. It tears up easily and if you happen to be on the street holding onto all the cash, you can easily get mugged. Oh yeah, and don't forget, every year you will find that the purchasing power of that paper money is decreasing making you getting less goods for the same amount.
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It's always good to spread and expand your investment portfolio. When I say that, it's not about holding all your wealth in fiat and neither should you put everything in gold or bitcoin for that matter. Just adjust percentage of your holding so that whatever comes up like for example, total economic collapse (if it does happen), then you know you are protected.
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The first thing that comes into my mind is why the victim willingly follows the robber into the car. If you've read further there is a woman involved so my suspicion is probably the guy thought it was harmless in way to get into a car with a woman before realizing it was a trap. Moral of the story, there is no such thing as free lunch. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Name: Q7 Type: Fixed Position: Sn. Member Post Count: 2170 Bitcoin Address: 1AF75fNAXRtKZi1pRNZyhrzvmUwZgsYatd UID: 349236
Also I notice that all my previous loyalty points are gone. Thought they are supposed to get carried over since I still continue with dadice campaign
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I don't understand why we need banks in the first place. Managing your own wallet doesn't get harder than that and obviously I don't need a service of a third party and especially I'm not going to entrust anyone to manage private key in my behalf. Also it might confuse people to think that bitcoin functions the same way as fiat which it doesn't in the first place.
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Not sure what type of killer app you are referring to but using bitcoin nowadays doesn't mean you will need a rocket scientist to figure that out. Even for security those who already know how to use online banking should know as well how all these work. I don't know if it will get easier than what it is today but definitely I don't see it becoming an obstacle.
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This clears up a lot of confusion and misconception people are spreading around. I don't see it as an issue because either the fork goes along well and the new blockchain gets accepted or most likely a large portion of the community members refused to upgrade to the newer client version and the old blockchain remains. Perhaps the concern here is whether if 51-49 percent between the yes and no group or somewhere near that region that leaves the community generally undecided, would that actually cause the network to become unstable and prone to attack.
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One thing I can't really understand is that despite what has happened and what history has shown there are still people keeping their stash in exchangers. No matter how credible they are, or how big they claim to be and with all those fancy security features in place, as long as you don't have control over and access to the private keys, it's definitely out of the question.
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It's pretty difficult to predict the algo behind google search engine. When you say btc immediately the search algo will refer it to bitcoin. But when it comes to searching for the bitcoin keyword what comes out may not necessarily has anything to link with btc. In a way the keyword btc actually carries very little weight. Also you might have read that some time ago they have also changed their algo that having the keyword in the url may not necessarily will be given top ranking
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