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1  Other / Beginners & Help / Re: Litecoin on: November 27, 2013, 08:48:56 PM
What do you think the value of BTC will drop to after it hits $1k?
2  Other / Beginners & Help / Re: Why is it so hard to buy bitcoin? on: November 26, 2013, 02:41:26 PM
Bitcoin is actually the *best* possible thing to sell via credit card, because you can prove you sent it, so you should be able to trivially win any disputes about whether or not you delivered the goods that were purchased.

Yes you can prove the transactions but Paypal doesn't want to be a money exchange, even if they saw the blockchain it doesn't matter to them because they consider it an intangible item. This is part of the reason that the BTC markup on ebay is 50-150% - because in the ebay system it is easy for scammers to take advantage of the sellers of BTC. They'll pay way too much for the value of a bitcoin, then dispute the sale months later. In the end they get their money back and keep the irreversible BTC transaction.
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