A credit card loan is secured by nothing more then your reputation.
So if I don't pay my debt, they're not gonna go after my assets, they're not gonna seek any repayment, only my reputation will suffer? Interesting. Which country is that? The money you borrow when you use a credit card is borrowed by the bank from it's bondholders and depositholders.
http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerityIn other words, everything we know is not just wrong – it's backwards. When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There's really no limit on how much banks could create, provided they can find someone willing to borrow it. They will never get caught short, for the simple reason that borrowers do not, generally speaking, take the cash and put it under their mattresses; ultimately, any money a bank loans out will just end up back in some bank again. So for the banking system as a whole, every loan just becomes another deposit. What's more, insofar as banks do need to acquire funds from the central bank, they can borrow as much as they like; all the latter really does is set the rate of interest, the cost of money, not its quantity. Since the beginning of the recession, the US and British central banks have reduced that cost to almost nothing. In fact, with "quantitative easing" they've been effectively pumping as much money as they can into the banks, without producing any inflationary effects.
When you use bitcoin you need to trust that the person selling you whatever goods/services is going to give you such goods/services after you provide payment. With credit cards you do not need to give any such trust (you can dispute the charge if you do not receive the goods).
Actually, you do. You wouldn't willingly submit your cc details on the fraudulent site. Also, in some cases, you have to TRUST that the bank will issue the chargeback: Chargeback v Section 75 You may have already heard of Section 75 of the Consumer Credit Act, a legal consumer protection that requires credit card providers to refund customers for faulty goods and broken merchant promises. Chargeback, however, comes into play when Section 75 doesn't apply -- if the goods cost less than the £100 threshold required for Section 75, for example. Plus, unlike Section 75, chargebacks apply to purchases on debit as well as credit cards. Some card networks, including Visa and MasterCard, cover prepaid cards under their chargeback schemes as well. However, in contrast to Section 75 (which is secured by law), chargebacks are a voluntary scheme adopted by the card networks. That means they don't create the automatic joint liability on the card company in the way that Section 75 does. The chargeback process is not as well-known by bank staff either, so if you have trouble progressing your claim it's worth asking to speak to a manager. http://uk.creditcards.com/credit-card-news/chargeback-can-get-your-money-back-1367.php |
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I don't think you understand the importance of BTC being decentralised and trust less. Long story short, if you trust banks/credit card companies/financial institutions more than you trust yourself, then yes, the main benefit for you would be low tx fees.
If you use a credit card to make a purchase the bank is trusting you with their money, not the other way around. You don't need to trust the bank in any way by paying via a credit card as you have the ability to make your payment in cash, and if they say you owe more then you really do then you can not pay the bill. What money?? The one they've created out of thin air, but are secured against your income/assets, often with changeable %rates? Are you saying that it's better to take a loan to buy something than use the funds you own (since it's "trust less" and bank take all the risk)? |
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My first thoughts were to put my Bitcoins in gamblings but since I don't believe in casinos or I don't trust in luck or something that is not in my hands I don't want to do that option.
Actually investing in gambling site is good as there is 1% house edge, you should win in the long run. True. Some people think: "investing in gambling=gambling". But it's quite opposite. If you don't believe in gambling and think that every gambler will lose eventually, then invest in the house. Math is on your side. I consider it a rather safe investment (putting aside the risks I mentioned above). I made a small profit on investments on both JustDice and DogeDice (although gambled away a lot of DOGE), and doing OK on dicebitco.in and prcdice. |
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You geniuses do realize this has nothing to do with ISIS, right?
ISIS is hundreds of kilometers away. The rebels in question here are Jabhat al-Nusra. They also originally stemmed from Al-Qaeda in Iraq, but they are mortal enemies of ISIS.
Same shit, different brands.
As for the situation in question, it should be noted the UN commander did negotiate a deal which should have allowed the UN to free both the Fijian and the Filipino peacekeepers. Unfortunately, the deal fell through because the Filipinos defied orders. Now the Filipinos got away but the Fijians are still stuck.
Source?? Are you saying that UN commander managed to get a deal of releasing Fijians and Filipinos before even Filipinos got captured? |
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Taxes are paid in dollars, the salary is counted as the dollar equivalent at the pay day. What it has to do with the minimum wage? Pretty sure that salary (at least minimum wage) must be paid in the official currency. Otherwise, would that mean that if some bakery had some cashflows problems, could they pay the employees with bread? Don't think so. For Wagepoint, however, it works differently. Rao said for tax purposes, employees are still being paid with Canadian dollars on paper. Seems like they officially pay in dollars and just convert to bitcoin (with the employees' consent). |
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That's a nice surprise. What's funny, for some flights they wouldn't accept non-US/CAN credit cards, but they'd still take cryptos:  |
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You don't accept bitcoins. You only accept bitcoin donations.
'Checkout now' sends straight to paypal.
You should get that sorted before posting
Thanks so much for the tip! Post edited. Thanks. That's better. Now, what's your excuse for not accepting BTC payments?  What's your status, are you a charity or non-profit? If so, I think Coinbase would process your payments with 0% fee (better than paypal) |
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Shame. I was hoping it is. Bitcoin could only go up with the support of Satan. Oh well... |
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Thanks all for advise.
You best option is probably not buying a chromebook if it is going to be you only computer.
No, it's meant to be additional one (+just wanted to try something other than windows), although I'd like to have all the features that I need on it. Was never much into online wallets, using multibit since day 1, but may give a blockchain.info a try. |
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It's pretty scary how many people would advise to just sit on your bitcoins and wait for the massive price increase... Why do you want to do that? Why not: - look for a merchant that sells whatever you need to buy and offers discount for BTC payments (hopefully more merchants will do that) - pay with bitcoins - buy back straight away the amount of BTC you've spent You can use the $ saved to buy more BTC and consider it a good investment (providing you bought something you needed, and would buy it anyway). But most of all, you invested in in bitcoin adoption (which can increase the value of your bitcoins), unlike all of those who just bought X amount of BTC just to hold it and wait for the price to reach $10k or whatever. It doesn't take much imagination to know that if everyone just holds, then bitcoin is going nowhere. ----------- Other investment, worth considering is investing on dice sites (be the bank), such as dicebitco.in or prcdice.eu Yes, it's a bit of a gamble (but every form of investment has a risk attached). Since it's 1% house edge, the math is on your side. From my experience, it can be really stressful to watch your investment being deep on red, but if you're patient it should go green eventually. The main risk is you have to trust the devs to not run away with the money and there's also a risk of site being hacked. |
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I'm considering buying chromebook (hopefully with bitcoins) is there any bitcoin wallet for chrome os?
Has anyone any experience with that system? Would you recommend it?
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You don't accept bitcoins. You only accept bitcoin donations.
'Checkout now' sends straight to paypal.
You should get that sorted before posting
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The reason people still prefer credit card is because it protect consumer from fraud, broken product and come with insurance when travelling.
Bitcoin doesn't come with this kind of service and customers are pretty much on their own.
I won't call bct is superior to credit card.
Note that banks/cc companies are services build on fiat currency, we should be really comparing btc to fiat. The fact is, the 'bare' bitcoin can do most of what the banks/cc can do, with some advantages and disadvantages (no charge backs). But there's absolutely no reason why any additional service can't be build on top of the basic blockchain transactions. |
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CC is used everywhere and BTC isn't.
CC are more popular, that's for sure. But, unlike bitcoin, they restrict the ability to transfer 'your own' funds. And anyone in the world with the internet access can use bitcoin, while most of the world population still have no access to the banking services. ...If you use debit card then company also gives you bonus points which you can redeem later Awesome!!! So they give you free money to reward you for spending money? Where do you think those free money come from? |
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Probably some idiot under the payroll of the ISIS. I can't believe that something like this happened, just days after the ISIS executed hundreds of surrendered Syrian soldiers near the Tabqa airfield.
That said, what sort of peacekeepers these people are, if they can't drove off less than a hundred terrorists armed only with light weapons? If they can't even secure their own safety, then what sort of peace they are going to deliver in the conflict zone?
I could probably understand such decision if the peacekeepers were confronted with 'civilised' enemy, complying with the international humanitarian law etc. then it would be wise not to risk their lives and become 'prisoners of war'. But since that's definitely not the case for ISIS, such order was plain stupid. |
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How come Bitstamp Limited haven't filed their first accounts yet?? The incorporation date was 25 July 2012. Aren't you overdue? As per Companies House, you have 21 months: 6. How long do I have to file my company's first accounts?
If you are filing your company's first accounts and those accounts cover a period of more than 12 months you must deliver them to Companies House
•within 21 months of the date of incorporation for private companies or
•within 18 months of the date of incorporation for public companies
or 3 months from the accounting reference date, whichever is longer. The deadline for delivery to Companies House is calculated to the exact day. http://www.companieshouse.gov.uk/about/gbhtml/ca_gba3.shtml |
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Unfuckingbelievavle. Surrender to a bunch of guys who are likely to chop your heads off... I know the situation was a bit complicated, but that sounds like a really poor decision by UN commander. Props to the Filipino troops |
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Just got upgraded to senior member.
Signature changed. Sent a pm as well
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No charge back for merchants. But customers fear it is difficult to claim refund back when problems arise. They need time to accept the advantage rather than to focus on the drawback of BTC.
True, the buyers' fears of no charge back options may slow down the adoption. No idea whether Bitpay have any sort of protection from scam sellers. On the end of the day, you can still take a legal actions against fraudulent sellers, so it's not like you're completely defenceless (as long as you make sure you're buying from registered, non-anonymous business). If there's ever a big demand for increased buyer protection, you can always get a 3rd party, trusted company providing payment processing and dispute resolution (buyer protection), it's pretty easy to do. |
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