No matte what BTC still has tons of advantages over credit cards.
Why is everyone obsessed with comparing BTC to credit cards? They are completely different things. With BTC you are paying with money you actually have. With credit cards you are borrowing money to buy something. There are two different issues there, credit vs debit and fiat vs crypto. The correct comparison for BTC would be debit cards. |
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lifetime was almost two years OO In that case you can invest at the time with great chances of reaching a profit. It says it was founded two years ago, not that it lasted two years. This site says it lasted 13 days: http://popularhyip.com/hyipmonitoring/Five-Earn.html (November 20th to December 2nd 2012) Trying Googling "They provide you with some of the best solutions": Welcome to Cryptco Miner - Cryptocurrency mining and ... https://cryptcominer.com/They provide you with some of the best solutions regarding investing money. Future Trails expands funds in some of the largest profitable industry sectors which ... Terrano Fund - Monhyip.net monhyip.net/gotohyip/terrano-fund 26 Aug 2014 - They provide you with some of the best solutions regarding investing money. Future Trails expands funds in some of the largest profitable ... About us - Stable profitable www.stableprofitable.com/about.phpThey provide you with some of the best solutions regarding investing money. Future Trails expands funds in some of the largest profitable industry sectors which ... Gift Plan | Facebook https://www.facebook.com/pages/Gift-Plan/305777259504238They provide you with some of the best solutions regarding investing money. ClickXSense expands funds in some of the largest profitable industry sectors which ... About Us - Top Capital Group https://topcapitalgroup.net/about_companyThey provide you with some of the best solutions regarding investing money online. Our company expands funds in some of the largest profitable industry ... NAIJACODED FULL-TIME INVESTMENT - Email Marketing www.getresponse.com/.../NAIJACODED-FULL-TIME-INVESTMENT-1... They provide you with some of the best solutions regarding investing money. Future Trails expands funds in some of the largest profitable industry sectors which ... Boost Your Profits - Express Safelist expresssafelist.com/members/premium.php?username=winnerjohnny... They provide you with some of the best solutions regarding investing money. Future Trails expands funds in some of the largest profitable industry sectors which ... BorexFund (BorexFund) on Twitter https://twitter.com/BorexFundBorexFund has a very devoted and expert financial team and advisors. They provide you with some of the best solutions regarding investing money. It is exactly the same crap, for page after page, just with different names. |
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The costs are often hidden because they are paid by the merchant. I think in the USA it is customary to pay a small fixed fee, say .29 USD plus a percentage, say 2% of the transaction amount. As you can see, for many transactions, bitcoin at .0001 btc or .05 USD, is a great deal. Debit cards are less expensive.
Debit cards are actually more expensive as they use a smaller, less efficient network. Also more data needs to be transmitted when a debit card is used (the customer entering the PIN which is transmitted to the bank in encrypted format, who will reply if it is valid or not). It has been reported that debit card transactions usually cost much more credit card transactions. Debit cards merchant fees are lower because: - the bank is not exposed to the customer's credit risk. (Not paying their bill) - the bank is not exposed to the merchant's credit risk. (Not liable if the merchant fails to deliver the goods, or goes bust) - the bank is not providing extra services such as insurance |
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murraypaul, we don't need your negativity here. People are earning and after receiving money, smiling. That's all what matters.
And people will lose money when you close your scam down. You are either scamming, or running an illegal unregistered investment fund. Which is it? Do you have any comment about your description being copied word for word from another scam scheme? |
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Well so far they're been paying to all the signature holders regulary, can't called it scam in that regard, until they stop paying that is. <Bangs head against wall> All scams pay out, until they don't. Madoff paid out for decades, until he didn't. This is a scam. It cannot be anything else, it is simply impossible to provide the returns claimed here. By your definition, on December 9th 2008 Madoff was running a perfectly legitimate investment fund. In fact, many people had correctly concluded it was a scam, but were ignored: Concerns about Madoff's business surfaced as early as 1999, when financial analyst Harry Markopolos informed the SEC that he believed it was legally and mathematically impossible to achieve the gains Madoff claimed to deliver. According to Markopolos, he knew within five minutes that Madoff's numbers did not add up, and it took four hours of failed attempts to replicate them to conclude that Madoff was a fraud. He was ignored by the Boston SEC in 2000 and 2001, as well as by Meaghan Cheung at the New York SEC in 2005 and 2007 when he presented further evidence. He has since published a book, No One Would Listen, about the frustrating efforts he and his team made over a ten-year period to alert the government, the industry, and the press about the Madoff fraud.
Although Madoff's wealth management business ultimately grew into a multi-billion-dollar operation, none of the major derivatives firms traded with him because they did not believe his numbers were real. None of the major Wall Street firms invested with him either, and several high-ranking executives at those firms suspected he was not legitimate. |
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An organization like a pawnshop understands the risks of dealing with potential stolen property and builds that risk into their business model and profit margins. Exactly. You are the pawnshop here. You accepted goods from an unknown source, and they turned out to be fraudulently purchased. You should have built that risk into your business model. The goods were from Amazon itself , though I take your point. But when someone places a bid on Purse they have no way to vette the bidders or investigate them, as is true of any auction site (such as Ebay itself). Amazon (and potentially credit card companies, etc.) has its anti-fraud system, so they at least have a chance of stopping fraud in a way that those of us putting our BTC at risk cannot. So I think Amazon is more analogous to the pawnshop than myself in this sense. Amazon is selling goods at face value. You are selling BTC at a 25-30% markup over face value. I think it is clear who is taking a risk premium? If Amazon should be accepting all the risk, why are you being paid 25% more than the value of what you are selling? If something seems too good to be true, it usually is. In the situation we are assuming, of credit card fraud, the credit card companies have reversed the charges, leaving Amazon out of funds. Amazon have therefore cancelled the gift cards bought with the withdrawn funds, to minimise their own losses. With physical products, Amazon could not do this, but then with physical products they would also have a delivery address, and more chance to investigate the fraud. |
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could anyone give me a tl;dr of the works of AnonyMint? "I am far far more intelligent than anyone else in the world. Everything I say is correct. Anyone who disagrees with me is ignorant and unable to fully understand the scale of my mind." Your attention span is too ephemeral.
You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of KnowledgeUnderstand Everything Fundamentally Together these are quite simply the most insightful piece of economic theory I have ever read. If the author is right and I think he is we are all in the midst of a tragedy of epic proportions. It is sad unstoppable and will devastate the lives of much of humanity. AgonyMint, why have you created a new account? |
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What is this shit and how does Bitcoin correlate with it, it if does in any way?
Payment by swiping your phone, without needing to actually have your credit/debit card with you. Nothing whatsoever to do with Bitcoin. |
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It is a rather bizarre suggestion that the UK would use military force to prevent Scotland becoming independent, having just held a referendum on that subject. If Scotland votes for independence, it will become independent.
I don't see anything strange or controversial in this suggestion. Look to the Germany or Japan for examples. They won't use force directly, but simple presence of these bases there gives them some additional influence on the government. No matter good or bad. However, I think that it's not our business. If Scotland became independent, those bases would (eventually) be transferred to the new Scottish government. The logistics are likely to take a while to sort out, given that Trident is based there, and the UK want it and Scotland doesn't. There is no suggestion that the UK would maintain a permanent military presence, as the US has done, Scotland wouldn't want that, and the UK certainly wouldn't want to pay for it. |
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P.S. It's interesting that in case of UK - Scotland situation is a kind of opposite. Despite the fact that referendum was allowed by the central government, there are military bases on the Scotland territory. These bases could be used for suppression because there is no 3rd party to stop them. It is a rather bizarre suggestion that the UK would use military force to prevent Scotland becoming independent, having just held a referendum on that subject. If Scotland votes for independence, it will become independent. I don't think even the most fervent Yes supporters think anything like that would happen. The same is true for Northern Ireland. It has been the stated position of the UK government for decades that if a majority of Northern Ireland residents voted for parties supporting independence, the government would work with them to achieve that. |
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could anyone give me a tl;dr of the works of AnonyMint? "I am far far more intelligent than anyone else in the world. Everything I say is correct. Anyone who disagrees with me is ignorant and unable to fully understand the scale of my mind." |
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Wouldn't the defense call an expert witness who would testify on their behalf that what happened was illegal though? What exactly was done that was illegal? If they don't know what was done, how can they testify that it was illegal? |
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It will be good for them in any case. Their head of state won't be so crazy, at least. If Scotland became independent, they would keep the same head of state. This is the Yes proposal but it would be voted on in independence. There are no plans for any special vote for that. Scotland could elect a republican government at a Scottish general election, who could then move to change the head of state. The Scottish Government’s proposal is that the Queen remains Head of State in Scotland, in the same way as she is currently Head of State in independent nations such as Canada, Australia and New Zealand.
This would be the position for as long as the people of Scotland wished our country to remain a monarchy.
In future Scottish elections voters can elect a party or parties that wish Scotland to become a republic, just as today we could elect politicians to Westminster who want the UK to become a republic. |
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If the result is Yes, it wouldn't be a move to keep GBP as it is but to have our own currency. This currency would just be called the Scottish Pound and start off at same rate as GBP. That is not the position of the Yes Scotland campaign: http://yesscotland.net/news/common-sense-currency |
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It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.
So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries doesThis is a test balloon by eBay/PayPal, see what happens without risking any serious business. You could not be more wrong, I am right. Braintree are adopting Bitcoin, PayPal are not. This is a safe way for eBay/PayPal to try out Bitcoin adoption in a small subsidiary, without risking any impact to their main businesses. it's Paypal that is absorbing Braintree tech not the other way around. In fact if you listen to the interview he says as much. You don't spend $800million on a company unless they have something you want, in in Paypals case it was a thoroughly modern and flexible payment api. Paypals current api/tech is nothing special at all these days, they know they need to update/upgrade. None of that has anything to do with what I said, so I don't know what you think you were responding to. |
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That is a really interesting idea though, if credit card companies reduced their transaction fees to compete with BTC. Ultimately, that would be better for the general public.
The credit card companies are providing more service for their fee though. Buying by credit card provides consumer protection via chargebacks, protection if the merchant vanishes or goes bust, and others, like additional insurance. (Plus of course the credit card company is providing you with credit, and provided you pay your bill in time, interest-free credit at that.) A better comparison to Bitcoin transaction fees would be when paying by debit card, when you don't get those additional services. |
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Fiat transfers are way more expensive than Bitcoin, even with wire transfers I'm charged $15 for accepting one, bitcoin fee is just $0.06 even if 800 billion dollars are sent (hopefully not a lot of outputs).
The US banking system seems much less advanced than the European one, at least on the retail level. I've paid 4 figure amounts by bank transfer in the UK, with no charge, and with the payment arriving within two hours. (In practice, much faster than that.) |
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It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.
So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries doesThis is a test balloon by eBay/PayPal, see what happens without risking any serious business. |
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But I digress, the question was is that kind of pool technically feasible to implement (or am I barking mad because that is what P2Pool is)? This: Just wondering, can we not have the best of both worlds by solo-mining AND submiting to a pool at the same time? Is not possible to implement, as the puzzle you are solving includes the definition of who gets paid. You can either solve a problem that involves paying yourself all of the block reward, or you can solve a problem that involves paying the pool the block reward. It is impossible to solve both problems simultaneously. |
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Ok, let's try this: http://www.eu-consumer-law.org/consumerstudy_part3a_EN.pdfconsumer shall mean any natural person who
buys a product for purposes that do not fall
within the sphere of his commercial or
professional activity The ASIC manufacturer does not get to decide how the product is going to be used by the individual who is buying it, therefore, they cannot define it's purchase as being for the purpose of commercial activity. (Professional meaning an activity derived from educational training). I suspect that KNC's response would be that these are machines who sole purpose is to create money by mining bitcoins. They are being bought and run in the (mostly vain) expectation of making a profit. That is a commercial activity. The person buying has agreed that they are purchasing it for business reasons. If I were to buy an ATM machine, for example, it is hard to see how I would successfully argue that it was for a consumer purpose. I'm not saying that they are right, or that if you took them to court you couldn't win. But they have a reasonable initial argument that is unlikely to be dismissed out of hand. You would have to go to the hassle and cost of instructing Swedish solicitors to sue them. They are banking on the fact that no one is going to both do that. They are probably right. |
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