I always here this and all I can think of is what do people do now if they're paying with cash? What's the difference between bitcoin and cash?
Massive difference. I have to actually hand it over in person. If I walked into a store and purchased a book with cash, and the cashier didn't give me the book I would cause a huge uproar. If I purchased a book on an online store and paid with Bitcoins and it didn't arrive in post, who do I turn to now? Problem with reputation is a new store begins at 0, so the first customer has to take a leap of faith. |
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I do not agree the buyer has little protection against fraud. Please elaborate.
Well I've spoke to a friends (non technical ones) about Bitcoin, and the question that always pops up is "Who do I turn to if I'm purchasing an item and something goes wrong?" With a normal non-reversable Bitcoin transaction, this is a problem. Protection is expensive, but if we want Bitcoin to go mainstream, average Joe users will demand consumer protection, which could be done with escrow and multi-sig. |
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They said they currently won't regulate. My guess is they are hoping Bitcoin will fizzle out, because currently the buyer has little protection against fraud. Which will hinder adoption.
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19fspRQDkjYnkoFxZbC3V5R169DYn8XW1C
Very urgent need 0.0015 BTC, thank you in advance!!!!!
LOL  |
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My primary source of income at the moment is government money, and I don't spend much, so all I can think is "sweet, cheap Bitcoin".
Is it money you can afford to lose? |
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you call this a currency?  ? hits $900 then down $300 joke Oh dear. Guess who bought at the top. |
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I am going to destroy BitCON (there is no light, it is fatally doomed as it lacks distribution) and you will buy from me.
So your new altcoin is going to be centralised then? |
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Bitpay is giving testimony today, ohhhhhhhh yes yes yes yes.
What time? |
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It's actually very easy, because only one person is compiling 'official' bitcoin client which is used by thousands users, force this person to corrupt, backdoor 'official' client and you can destroy bitcoin in just few second... and don't give me argument you 'can Compile it yourself' 90% use standard bitcoin-qt client.
I compile from source. So I'm the only one in the world? Fail. Do you read source before compiling ? I used to but stopped when windows 95 was realeased. Well no. But I sometimes look what changes have happened since last version. You have to put some trust in at some stage. Be it hardware level, OS level or software level. There's no getting around it. For example, do I check all the source code of Linux and compile it myself. Of course not. I take a leap of faith. |
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It's actually very easy, because only one person is compiling 'official' bitcoin client which is used by thousands users, force this person to corrupt, backdoor 'official' client and you can destroy bitcoin in just few second... and don't give me argument you 'can Compile it yourself' 90% use standard bitcoin-qt client.
I compile from source. So I'm the only one in the world? Fail. |
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Well, well what a surprise old 'revans' has popped his head up today. Usually he only pops up on correction days to say 'told you so', then when it goings up again promptly disappears. Regular as clockwork. |
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I am going to destroy BitCON (there is no light, it is fatally doomed as it lacks distribution) and you will buy from me.
*** Quote archived for future entertainment purposes. *** Sorry to burst your ego, but your not the first one to make that claim. Hint; think Solidcoin. |
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I hope this isn't some sort of fruitless Ripple pump thread. |
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Yeah, something might replace Bitcoin. I think everyone is already aware of that.
Better hurry up though, Bitcoin is getting more entrenched day by day.
It's should be out sometime in January, that's the thing though Bitcoin can be entranced and it will still easily come crashing down. Just like the only way people got online in America during the 90's was America Online, America Online entrenched in everything, and then it was all gone. So what alt-coins you heavily invested in? |
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Yeah, something might replace Bitcoin. I think everyone is already aware of that.
Better hurry up though, Bitcoin is getting more entrenched day by day.
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Let's count how many times we've heard the words 'illicit actors'.
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This hearing:  Tom Carper turning you on?? |
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Bitcoins new meme/motto: CASH IS STILL THE BEST FOR LAUNDERING MONEY!
LOL  |
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