that's why BTC will never be "mainstream" but a very, very small niche. The normal persons will never use it because there is NO reason to do it. imagine that this thing would happen with your bank account. you will have the money back in matter of days; same with a debit/credit card. the normal people need the peace of the mind because not everybody is a a computer geek.
Cash will never be "mainstream". Someone steals your cash and you can't get it back. It's just too geeky. Normal people can't use it. |
|
|
|
But then again, the fact that steam doesn't want to hold bitcoin at any time, and even goes as far as to advertise that proudly, is a bit concerning.
Not concerning at all. Someone buys some bitcoins, then spends some, but not all of them, on Steam. That can only be a positive move since people can't spend more bitcoin than they buy. More places to spend them, mean more buyers, means choo choo. |
|
|
|
you should search for how many people are getting scammed because of charge-back. just google it and see some forum posts on social places like blackhatworld or reddit. there are a lot of people who have been scammed because of charge-back, the scammer buys the goods and then easily charges back and there is no way of proving by the seller in most of the times.
Correct. And it's worse than you can possibly imagine. I have a hundred examples. I won't go into details here because I don't want to give any scammers ideas. But I could easily chargeback any online purchase I've made. I can keep the merchandise and I get all my money back, at the merchant's expense. The credit card companies don't care because they've shifted the responsibility for fraud to the merchants, yet they refuse to give merchants the tools needed to fight fraud. Scammers love credit cards. |
|
|
|
Pretty sure bitcoin transaction is good for buyers but business owners don't like it.
Business owners love bitcoin! They no longer have to worry about fraud. |
|
|
|
What are you going to do when the person on the other end of the peer-to-peer decentralized open-source transaction is a bad guy who takes your hard-earned coins and leaves?
Nothing! That's how it should be. Grow up. Take responsibility for your own actions. Stop counting on mommy to bail you out when you screw up. Every time you screw up, I have to pay for it (chargebacks cause merchants to raise prices). I'm sick of paying for your failures. |
|
|
|
False assumptions, I take PayPal payments for online gaming assets and have been for years.
You take payments for virtual items that have no cost. Wow, so risky of you. Come back when you spend $10,000 on the raw materials for a real product and have the customer charge you back after receiving it. Online merchants shipping real products have no protection for fraud when accepting credit cards. That's why a credit card transaction isn't truly confirmed until months later, at which point it's too late for the merchant. They're already ripped off. In any case, comparing bitcoin to credit cards is the wrong comparison. Compare a credit card processor to a payment processor that runs on bitcoin like BitPay. With BitPay, you do get instant confirmations without the fraud risks or massive fees. |
|
|
|
Credit cards do not take "weeks" or "months" to be "confirmed". This Bitcoin community has gone in some sort of strange denial. Don't try to compare Bitcoin confirm times with this.
You don't run a real eCommerce site, do you? I do. Credit card transactions can be reversed up to 60-90 days. All the customer has to do is say "I did not authorize that transaction". Bam, he wins the chargeback and keeps the merchandise. No one has ever reversed a 1-day old bitcoin transaction, let alone a 90-day one. |
|
|
|
Regardless, of the realtime calc speed, I currently delay creation of a bundle until 10 blocks after the last block of that bundle and wanted to know what is the probability that it will need to be regenerated base on real world stats
As far as my node data, there have been only 2 instances of a reorg over 10 blocks, both due to significant unique events. 1 instance of a normal 6-block reorg. 2 instances of a 3 block reorg. 8 instances of a 2 block reorg. And lots of 1 block reorgs. 4 or more block reorgs are *extremely* rare. The standard client considers anything under 6 blocks to be unconfirmed. That seems like a good number to use for your purposes too. |
|
|
|
unless your node is special.
Standard PC running the default Linux client with basic cable modem connectivity. It's online probably 95% of the time, which would mean it could have missed a few reorgs. There could be an interesting story about that 6 block reorg. That does appear to be the biggest naturally occurring reorg. |
|
|
|
Yes, and i get your point, but you must admit that it can be cost effective if we invest early. There are not too many options where you can get your ROI after 3-4 months. Of course it is a risk, but is not profitable (early investments)?
Don't call it an "investment". There is no investing going on. It's a gamble, plain and simple. But you don't even know the odds of winning. You're just guessing. |
|
|
|
And to my understanding I did show what is wrong with the convex earth theory. Telescopes and horizons. The ship disappears fully behind the horizon but when you zoom in with a telescope you can still see it.
I'm having a real hard time following you. Are you saying with a strong telescope you think you could see across the Atlantic from New York to France? |
|
|
|
As per mention above ..people are getting bitcoin ..so this can't scam ..sir
That's exactly how scams work. They pay people for a while, then they stop. |
|
|
|
They even returned my copy of the United States Constitution that they had seized and placed into evidence!
Of course they returned that, they consider it to be worthless. |
|
|
|
The biggest challenge is scaling the transaction fee with the moving price, especially if we start breaking higher prices.
Not hard at all. Fees are not required, so they can be adjusted on-the-fly without any sort of forking change required to the network. |
|
|
|
In my opinion, (minimum) fees should be proportional to the amount sent
How would that work? Most transactions have a change-output, but you can't tell it's change. Take a 1 BTC input: Are you sending .01 BTC with .99 BTC change, or are you sending .99 BTC with .01 BTC change? There is no way to determine a correct fee. |
|
|
|
I already hate the fees. It annoys the hell out of me and I know its how the system works.
Its annoying to send .001 lets say to someone and get a huge % tax in fee's
You want to send any amount of money anywhere in the world in just minutes, for less than $.04? Good luck designing that system. Such a reasonable request, it must be easy to do. |
|
|
|
One of the old satoshi addys that still have its coins, or any known satoshi addy really I think..
The best one is the Genesis Block, i.e. 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. The coins sent there can't be spent, but the key to that address can be used to sign messages. |
|
|
|
badgerkiller is most likely Bruce Peterson of BFL
Wow, it sure does sound like bcp19 is back. Welcome back old buddy! |
|
|
|
I've never quite understood how regulations that are supposed to protect the little guy have the effect of making the little guy pay a 50% markup over what accredited investors pay for at the NAV.
Regulations...for the little guy...that's a good one! |
|
|
|
|
Show Posts
