fud boi
CIA boy, mad that this is proven and a fact numb nuts? |
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Hope your not in the US if you are you should be recieving your Fincen cease and desist letter shortly.
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Don't worry CIA Gavin is already sabotaging and will kill it when his masters give him the command
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From another thread buried from a long time ago. Gavin had just received the alert keys to the Bitcoin network. Right afterwards, he tells Satoshi that he is visiting the CIA. Satoshi leaves for good coincidentally. This is quoted from the defunct Bruce Wagner Bitcoin podcast: Bruce Wagner : When was the last time you chatted to satoshi <laugh> Gavin Andresen: Um... I haven't had email from satoshi in a couple months actually. The last email I sent him I actually told him I was going to talk at the CIA. So it's possible , that.... that may have um had something to with his deciding I wonder why Bitcoin's architecture is not being improved, and why it seems like it's purposely undermined. Such as revokutionary colored coins, when everybody gets a letter from Fincen or their local governments for being money transmitters, just because they are running a bitcoin client which now supports colored coins. Most people understand this yet there is a massive push to implement colored coins(which turns every user into an unregistered exchange), like they can't wait enough to destroy Bitcoin sooner. Like this below but for the whole Bitcoin network. http://www.zerohedge.com/news/2013-12-12/producer-physical-casascius-bitcoins-being-targeted-fedsThe fact that the current lead developer (Gavin)spoke to the CIA, and Satoshi at the time disappeared, should set atomic nuclear warning flags The fact of the matter is Bitcoin has become a controlled operation, but please tell us how wonderful CIA coin is. |
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A centralized virtual currency would be completely irrelevant. I think the main advantage of Bitcoin is that it is decentralized.
Again, where all the Bitcointards are wrong. You guys really do need to step out into real life every now and then. Nobody gives a shit about Bitcoin 99% of the people ridicule it. They will happily accept US government coin because to them it's backed by something "credible" unlike Bitcoin in their minds. You need to realize this forum is the minority, your merrits, your love, your opinion is the complete opposite in the real world. |
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Who cares if you send bitcoin. Bitcoin without conversion into fiat is useless, as 99% of things don't accept it. In the future if you can pay for things with bitcoin then it will have an advantage. Until then transfering without conversion is useless.
It's relevent to the OP. PayPal can be used to send money between people. It takes a chunk out of the money when you do so, regardless of if you pull the actual money out physically. Bitcoin can be used to send money between people, with next to no fee, regardless of if you pull the money out. I dunno bout your exchange experience, but the last time I cashed out several grand of BTC through coinbase, I think the fee was like.. a few bucks. Several grand with paypal would be close to a hundred bucks of fees. I am considering writing an article of the advantages of Bitcoin over Paypal. Answering the question "Why should I use Bitcoin instead of Paypal?" This will serve to help the undecided to take the plunge.
So, why should I use Bitcoin instead of Paypal?
How much research did you do before you posted this question? If you'd done a day or so of extensive research, it would be pretty clear what the pro's and con's are with both alternatives. In the future, before posting, please do research yourself first, then ask if you have intelligent and informed questions that you couldn't find the answer to by googling. I wondering what your 'article' is going to look like if this is the level of effort you put into your 'research'. I'm wagering he wanted real-life personal input/experiences. Better for an article than bullet points. Ok since you clearly want to argue meritlless points. 1. When you use paypal since you are transfering fiat you can use it for 100% for buying products or services. When you use bitcoin you can do anything with it without exchanging it to fiat. 2. In the US if you exchange Bitcoin to Fiat it is illegal without a Money Service Business license. 3. If you want to use your "money" for anything use paypal, if you want your money to become useless use bitcoin. Lastly, like the other user said before 5 min of research would of answered your question. |
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Only reason to use bitcoin is if your a scammer who sell crap or phantom products so there is no way to charge back. Or if you enjoy having the price of your currency fluctaute wildly so you have to become a speculative trader and place your order at the peaks to spend the least amount of btc.
Not to mention fees from different exchanges add up way more than paypal.
The only reason for bitcoin is to scam people? That's insane. Also, paypal charges you 3% average to receive money/payment. When was the last time you made a $1,000 btc transaction and lost 3%? What? Buying bitcoins on whatever exchange with whatever funding cost is already 3%+ converting said bitcoin back into fiat and withdrawing is another 3%+ Unless you can pay for all your things in Bitcoin which for 99% of things you cant. Not talking about buying bitcoin, I'm talking about simply sending or receiving money. If you have a balance on paypal (same as having BTC in an exchange), and you send/recv, there is a 3% minimum loss for at least one of the parties. If you send BTC, nobody is charged anything close to that. Who cares if you send bitcoin. Bitcoin without conversion into fiat is useless, as 99% of things don't accept it. In the future if you can pay for things with bitcoin then it will have an advantage. Until then transfering without conversion is useless. |
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The problem isn't 0 confirmation transactions it's if Bitcoin becomes mainstream for people using it as a source of payment, it will break as it can't handle the transaction load, and will become a clusterfuck of a problem.
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He always pissed me off, he just comes off smug.
I think if you become a Bitcoin millionaire and have been preaching about how great BTC is for years, then I think you're allowed a little smugmode  .  Thats cool I was talking about before he ever mentioned bitcoin. |
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Only reason to use bitcoin is if your a scammer who sell crap or phantom products so there is no way to charge back. Or if you enjoy having the price of your currency fluctaute wildly so you have to become a speculative trader and place your order at the peaks to spend the least amount of btc.
Not to mention fees from different exchanges add up way more than paypal.
The only reason for bitcoin is to scam people? That's insane. Also, paypal charges you 3% average to receive money/payment. When was the last time you made a $1,000 btc transaction and lost 3%? What? Buying bitcoins on whatever exchange with whatever funding cost is already 3%+ converting said bitcoin back into fiat and withdrawing is another 3%+ Unless you can pay for all your things in Bitcoin which for 99% of things you cant. |
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He always pissed me off, he just comes off smug.
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A few months ago i sold 15 LTC on ebay. The buyer used a hacked paypal account to pay for them. I recived a chargeback so i opened a paypal dispute but was told becuase i sold "virtual goods" i was not covered with paypal buyer protection. Lesson learned and faith lost in paypal. Those LTC would be worth $458 right now  Yes lose faith in paypal because you broke ebay and paypals policies. I guess if you sent bitcoin to a scammer or a random address and found out bitcoin transactions are not reversible you would lose faith in bitcoin? |
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How can you compare a Company with Bitcoin? They sell products and provide services.
Is anybody paying for Bitcoin marketing? No, it's an open source project carried on by people, with its value decided on the market.
Facebook, what's the innovation involved? I don't care what other people eat or your selfie. I actually talk or call my "friends"
Apple (insert-your-rpoduct) err, I guess the entire world can live without it
I won't even comment on the ponzi scheme, you are idiot and I problably shouldn't have spent any time replying to this.
Bitcoin is a product and a service you IDIOT. The service is "it allows you to transfer value anywhere in the world." Its quite funny the morons are the first to start the name calling. The innovation of Facebook in the beginning was it got you in touch with long lost friends. Secondly, again you moron, did google or facebook have advertising? No it was word of mouth. Get your facts straight before you start insulting people. |
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First, they will laugh and ridicule.
Next, they will fight.
They will lose.
Then, they will be in a state of denial.
Lastly, they will accept.
This always happen with disruptive ideas that have merits.
Bitcoin is not distruptive digital currencies have existed before, only thing different about bitcoin is its decentralized. When a competitor comes out with a stable exchange rate, and instant transactions that will be distruptive. End of the day though all these non governments coins will be shut out of economies and people will transact in digital government currencies. This is all a method for more control using bitcoin as it's catalyst. |
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That's a good point but at the same time I think that if BTC will ever reach "facebook popularity" somebody will have to look at the transaction numbers and find a solution (be it off blockchain or whatever other method) and there are many many other points like global legislation, security, stupid-proof wallets, etc. We are still in early days and probably we won't see this happening in our lifetime  I disagree. Internet phenomena move very fast. Either up or down. If bitcoin is not facebook popular in 10 years, it will never be. Yeah I agree. With the speed at which technology advances I think it is very likely we will either see BTC become widespread or see it die off. Its been 5 years already if it doesn't become a phenomenon within 5 years its already doomed. Google, Apple iPhone, Facebook became massive well before 5 years. I guess you can say that bitcoin had regulation issues not really up until recently there was still no regulation. Now with new coins coming out and the foundation wasting a year with a worthless update, it's time is coming nigh. Doesn't mean that the price can't go insane, it's just will never become mainstream. As written before Bitcoin is just here to warm people up to cryptocurrencies and conditiom them to accept them, until governments come out with their own digital fiat currencies. Bitcoin is a way bigger paradigm shift that a new product like facebook or the Apple iPhone. Bitcoin is more like the PC, cellphones, or the internet, and both existed for decades before they really became relevant. The internet was around since the 70's but only became relevant in the mid 90's. Cellphones existed as carphones since the 80's but only became relevant in the late 90's. No. Bitcoin is not like the internet thats like saying bitcoin is the first form of currency. Paypal is basically bitcoin, and before bitcoin there was egold and plenty of other digital currencies. Again its big, but will be replaced by others which will become mainstream. This however does not mean in won't be valuable, but given the nature that this thing is basically a big ponzi just like every economy in the world, they last only as long as confidence does. Like I said it will probably have a few more bubble pushes before a real competitor starts growing within a year or two but eventually its price will come crashing way down once confidence is lost. |
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Cancer has already been cured you'll just never hear of it cancertutor.com
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In a bunch of countries you cant even cash out your balance to a CC which is pretty ridiculous .
Please tell us how great it is to cash out of gox with 1 month delays. In normal developed countries paypal has a credit card which has your balance on it and you can use it directly. |
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As a buyer you shouldn't as paypal is one of the most buyer friendly services around including protection, hence why sellers hate it. Yes we always here sellers complaining they reward buyers most of the cases, which if sellers take proper preqautions such as signature confirmation they can protect themselves from scams. Yes please come on here and tell us how you did all of this and paypal still screwed you, guess what your a minority.
Only reason to use bitcoin is if your a scammer who sell crap or phantom products so there is no way to charge back. Or if you enjoy having the price of your currency fluctaute wildly so you have to become a speculative trader and place your order at the peaks to spend the least amount of btc.
Not to mention fees from different exchanges add up way more than paypal.
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