What are the specific benefits to a customer of using bitcoin?
Say Amazon take bitcoin tomorrow, it would still be an extra step and an extra conversion charge for the general public to use bitcoins. Unless they got paid in bitcoin and they would be pretty sick now if their salary was set at the value of 1200$/b.
Buying things from overseas? it simplifies I guess. But you lose any protection.
Sending money to someone far away. Not an everyday thing for general p. Imagine if you have fairly grown up kids, but not grown up enough that you want to let them loose on the net with a credit card, but old enough that the amount of internet purchases they make far exceeds what you want to have to deal with. Bitcoin. Prepaid card. Imagine if you're a respectable mum or dad in a conservative neighborhood, but you just happen to love spending Sundays in your basement busting your whatever to german scheisse movies shooting crank and molesting children. Bitcoin.
Always knew Bitcoin enthusiasts are degenerates. FTFY. Imagine that you found this marvelous doohickey that costs next to nothing on a site you don't trust. Bitcoin.
Lol, 0 protection. Consider your coin gone. Imagine if you have a cousin somewhere in Africa or Asia who needs to get out of the country ASAP because shit's going down, or simply suddenly ran into some economic dire straits. Bitcoin.
Happens to me every day. I just tell them to stop running from problems & stay & fight. Imagine.... use your imagination!
For crying out loud...
Now what? |
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handing that BTC to a payment processor (which also profits from the deal because not charity)
I don't know whether BitPay is profiting. IIRC, when they started, they offered merchants a free entry-level plan, that allowed only some small volume. Merchants who exceeded that volume would have to upgrade to a plan with a monthly fee. But at some time they dropped all fees. Even if they are processing 200 million USD/year of e-payments, and taking a percentage of that somehow, their revenue must be only 3-4 million USD/year. Their payroll alone must be more than that. Didn't they lay off some staff recently? Anyone remembers how much they paid for the Bitcoin Bowl? So perhaps they are still operating at a loss, burning their venture capital, hoping for a substantial traffic increase. Which, again, would explain why they are not releasing any meaningful numbers. By "profit," I meant profit in the sense of the word as it is used by Bitcoiners--quick personal gain. In other words, the founders/principals may be profiting through salaries, creative accounting, embezzlement, money laundering schemes, etc., etc. So, while not strictly profitable in the old-school fiat sense, Bitcoin businesses could be tremendously profitable. We simply need to start thinking outside the box  Good morning, gentlemen. |
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Yep, imagine some people buying bitcoin with localbitcoins, they might buy directly from some pedos that are trying to get rid of their filthy money .-. To be fair, the child pornographers and Bitcoin child pimps--those unloading their dirty BTC--may not be pedophiles themselves. They may not be aroused by children any more than those same children are aroused by child-raping Bitcoin perverts. |
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Bitcoin filth will still try deny it, you just watch! Nothing is too sick for those Bitcoin perverts  |
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When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected  As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price. I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day! When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor. I know those coins get converted to fiat, but how is using a payment processor not 'using bitcoin to purchase things' ? Pretty weak comeback NLC, I expect higher quality trolling from you. Because you're using dollar or pound or euro to buy things. That's why those things are priced in dollar or euro or pound, and BTC price is calculated at the exact moment you initiate the transaction. If you enjoy the game of buying BTC with your money (paying a fee for the privilege), handing that BTC to a payment processor (which also profits from the deal because not charity), which, in turn, converts BTC to real money & pays the merchant you transact with, so that you can risk your money yet again on some shady exchange while BTC price pogoes around like it does ...breathe... you be my guest, but don't expect me to take your game seriously No, I am using bitcoin to buy stuff that has a fixed price in fiat. Of course the exchange fees don't make this a consumer friendly option yet for most use cases. At the moment bitcoin enthusiasts are sponsoring exchanges and payment processors in order to make orders with bitcoin. But we are still in the bootstrapping phase, not at an end equilibrium. If I would be able to use my bitcoins almost anywhere, it removes an argument for not holding bitcoins ("can't spend them anywhere") and use cases where it might be desirable will start popping up. eg. going abroad and not having to exchange your fiat currencies. The current volatility would still stop most people from doing that, but if the fees for acquiring bitcoins are lower than fees for converting fiat money, the expected value is positive. If I said "can't spend BTC anywhere," you would be justified in asking me to defend such a silly statement. But since I didn't, and you tried to stuff those words into my mouth, I won't. The problem isn't that you can't spend BTC. You can spend anything, including rusty VW Beatles and recyclable plastic bottles. Though recyclable plastic bottles are a far better store of value than BTC, neither one of us would suggest that they're money. Not even if a bum agrees to take them to a redemption center and exchange them for money in exchange for a small fee or totally ripping you off. I have paid for food with bitcoin multiple times, haven't used a rusty VW Beatle yet. At least now you are acknowledging that BTC can be used to pay for normal stuff, despite your derision by comparing it to plastic bottles as a would-be-money... Of course it can. You always could. Just like you always could use the plastic bottles you've collected from the trash. Caveat: with plastic bottles, you can be relatively sure how many you'll need--the refund deposit is always a nickel or dime or whatever it is. With BTC you simply don't have that luxury of knowing--you'll be told how much you'll need at the moment of sale. And be quick about it--the given price expires in 10 mins, if I remember right  |
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I wonder if the posters who keep nonchalantly referring to child pornography would kindly stop. Thanks.
Don't be so nervous, inca. I'll give you a heads-up before you get raided. Just don't jerk it in public libraries like this d00d.  |
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When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price. I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day! When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor. I know those coins get converted to fiat, but how is using a payment processor not 'using bitcoin to purchase things' ? Pretty weak comeback NLC, I expect higher quality trolling from you. Because you're using dollar or pound or euro to buy things. That's why those things are priced in dollar or euro or pound, and BTC price is calculated at the exact moment you initiate the transaction. If you enjoy the game of buying BTC with your money (paying a fee for the privilege), handing that BTC to a payment processor (which also profits from the deal because not charity), which, in turn, converts BTC to real money & pays the merchant you transact with, so that you can risk your money yet again on some shady exchange while BTC price pogoes around like it does ...breathe... you be my guest, but don't expect me to take your game seriously No, I am using bitcoin to buy stuff that has a fixed price in fiat. Of course the exchange fees don't make this a consumer friendly option yet for most use cases. At the moment bitcoin enthusiasts are sponsoring exchanges and payment processors in order to make orders with bitcoin. But we are still in the bootstrapping phase, not at an end equilibrium. If I would be able to use my bitcoins almost anywhere, it removes an argument for not holding bitcoins ("can't spend them anywhere") and use cases where it might be desirable will start popping up. eg. going abroad and not having to exchange your fiat currencies. The current volatility would still stop most people from doing that, but if the fees for acquiring bitcoins are lower than fees for converting fiat money, the expected value is positive. If I said "can't spend BTC anywhere," you would be justified in asking me to defend such a silly statement. But since I didn't, and you tried to stuff those words into my mouth, I won't. The problem isn't that you can't spend BTC. You can spend anything, including rusty VW Beatles and recyclable plastic bottles. Though recyclable plastic bottles are a far better store of value than BTC, neither one of us would suggest that they're money. Not even if a bum agrees to take them to a redemption center and exchange them for money in exchange for a small fee or totally ripping you off. |
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...
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.
No. They accept USD. Their payment processor accepts BTC. They do not. They do not exchange it into USD Their payment processor does. They do not. They never touch BTC . Not at all. How many times & in how many different phrasings must it be said to be understood? Why are such simple things so difficult for some here to grasp? they don't accept YEN, CAD, CNY neither do they? Edit: I don't mean to focus on your flawed perspective so I will let up. In Japan they accept Yen. In Canada they accept CAD, in China they accept CNY. Just how clueless r u bro? |
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...
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.
No. They accept USD. Their payment processor accepts BTC. They do not. They do not exchange it into USD Their payment processor does. They do not. They never touch BTC . Not at all. How many times & in how many different phrasings must it be said to be understood? Why are such simple things so difficult for some here to grasp? @Sitarow: You're being retarded. Stop being retarded, Sitarow. |
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When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price. I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day! When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor. I know those coins get converted to fiat, but how is using a payment processor not 'using bitcoin to purchase things' ? Pretty weak comeback NLC, I expect higher quality trolling from you. Because you're using dollar or pound or euro to buy things. That's why those things are priced in dollar or euro or pound, and BTC price is calculated at the exact moment you initiate the transaction. If you enjoy the game of buying BTC with your money (paying a fee for the privilege), handing that BTC to a payment processor (which also profits from the deal because not charity), which, in turn, converts BTC to real money & pays the merchant you transact with, so that you can risk your money yet again on some shady exchange while BTC price pogoes around like it does ...breathe... you be my guest, but don't expect me to take your game seriously |
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^Don't you see?  |
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...
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions?
... You know the people who think radio static is coded messages from Ramulon and keep sticking their grimy AM radio in your face, as if you should instantly get what they mean? Me neither, but Sitarow prob'ly does that sort of shit too. |
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When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price. I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day! When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor. |
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...With bitcoin, eventually the new coins stop and has no choice but to slowly become more distributed.
Nonsense. Nether gold nor BTCeanies become more evenly distributed with time. Neither are really used to purchase everyday things. Well duh, neither is Bitcoin. Not unless you got a heavy dope/gambling habit. It is used and black/grey markets don't count with currency? I know your mostly trolling but do you have any evidence that is bitcoin's main use? When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price. |
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...With bitcoin, eventually the new coins stop and has no choice but to slowly become more distributed.
Nonsense. Nether gold nor BTCeanies become more evenly distributed with time. Neither are really used to purchase everyday things. Well duh, neither is Bitcoin. Not unless you got a heavy dope/gambling habit. |
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...With bitcoin, eventually the new coins stop and has no choice but to slowly become more distributed.
Nonsense. Nether gold nor BTCeanies become more evenly distributed with time. Granted, the gold comparison's almost as grasping as "OMG, it's liek Internets!1!!" and the "it's more like my grammy's farts" analogy is far more fitting, I just didn't want to seem negative. |
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^  |
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^Grumpy grampa   What's up, all out of the hardon pills you're strung out on? |
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... this forum used to be about learning, debate and education. Now it seems like its overrun by shit-scared bagholders hoping against hope they could convince each other they didn't make the most hilarious mistake of their life.
FTFY. Won't teach you if don't want to learn. Youse that pinnacle of self-imposed ignorance, the ignore button. Always dishes that need washing and ditches that need digging. You'll be OK, God don't make no junk |
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^
Buffer Overflow? If 1MB overflows, just alloc more mem. Problem solved, amirite?
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