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The other day I got 250$ in paypal. From sender to recipient's bank account (=my bank account) I lost 20$ in various fees and conversions - and it took 4 days btw because there was a weekend in-between and a "random security check" by paypal that got me +1 day delay.
... You should probably stop using PayPal & try Bitcoin. Hasn't occurred to you? I'm waiting for ebay to start accepting Bitcoins  (insert meme here "still waiting" / skeleton). PayPal can afford to charge its fees because people like yourself are willing to pay them. Because eBay is free to not accept irreversible Beanies. Because free market. Lrn2free market, AlexGR  True. Still ebay and paypal dominate the online selling market, so not much choice out there if you want to hit a large pool of potential buyers. It's like paying the pimp, lol. No. PayPal is just one of the payment methods available on eBay. You chose to use PayPal. That said, eBay is far from the only online marketplace.It's the only one worth using tho, because already explained. At some point -we can always hope it'll happen- perhaps we'll be able to do the same through decentralized markets and bitcoins or altcoins, that actually get decent volume in terms of listings and transactions.
yeah, I understand the console version of Open Bazaar or whatever is available. Edit from above: The ability to reverse transactions is essential for eBay, and most online trading, to function. Beanies might be trustless, but the guy selling you alpaca socks is not. You send BTC, get dick instead of alpaca socks, wat do nao? That's where PayPal & its exorbitant fees comes in. That's where credit cards come in for lower-risk transactions. |
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The other day I got 250$ in paypal. From sender to recipient's bank account (=my bank account) I lost 20$ in various fees and conversions - and it took 4 days btw because there was a weekend in-between and a "random security check" by paypal that got me +1 day delay.
... You should probably stop using PayPal & try Bitcoin. Hasn't occurred to you? I'm waiting for ebay to start accepting Bitcoins (insert meme here "still waiting" / skeleton). PayPal can afford to charge its fees because people like yourself are willing to pay them. Because eBay is free to not accept irreversible Beanies. Because free market. Lrn2free market, AlexGR Edit: The ability to reverse transactions is essential for eBay, and most online trading, to function. Beanies might be trustless, but the guy selling you alpaca socks is not. You send BTC, get dick instead of alpaca socks, wat do nao? That's where PayPal & its exorbitant fees comes in. That's where credit cards come in for lower-risk transactions. |
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The other day I got 250$ in paypal. From sender to recipient's bank account (=my bank account) I lost 20$ in various fees and conversions - and it took 4 days btw because there was a weekend in-between and a "random security check" by paypal that got me +1 day delay.
... You should probably stop using PayPal & try Bitcoin. Hasn't occurred to you? >bitcoin is probably the cheapest payment method compared to banks, visas and paypals? Last time my bank charged me for writing a check or using my debit card was ...never. My credit card actually lends me money for free, just so I'd use it. Imagine? |
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>Tag everyone who promotes or participates in a ponzi.
Fine by me, but you do know that "investor-based games" is a euphemism for Ponzis, correct?
>There are, for instance, group solo-mining threads
Surprised mods haven't moved them -- clearly wrong section. Ofc, they're probably 100% bull, with no proof of actual mining. Link?
Anyhow, good luck, but Ponzis are pretty popular here & given legitimacy by having their own section. Would be sort of funny to tag people for being on-topic in a forum sub, no?
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OP, So... Bitcoin Forum > Economy > Marketplace > Gambling > Investor-based games -> tag everyone?
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"We want to move around 836mn USD but are only willing to pay 2k in fees so we will wait a few hours or days".
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My bank charges me exactly $0.00 to move any amount of USD. Same as when I use fiat folding money. Never realized how much I save by not using BTC |
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Gimme a break: 1,900,982.81 XBT (x440 = 836mn USD) ... Wonder where the poors laid their hands on 836mn USD  |
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Have you noticed that the mempool tends to bloat up massively whenever the price moves $10-$15?
Spam? Dust? Or people desperately trying to move coins to make a trade?
Why isn't there a fee spike then? Are those "desperate" people to "make a trade" lacking 2-3-4 cents? Would it be a big impact to their wallet to pay such a small fee if they are going to make so much money from a good trade? You're totally right -- all that exchange foolishness happens off-chain (because Bitcoin can't handle the volume of even a single exchange lol). Currency of the future  P.S. Thinking of making an infographic explaining how LN works. Storyboard thus far: 1. Two Beanie enthusiasts create a Bean channel by locking up their Beanies in a safe. 1a. The safe has "lightning Network" written on the door in one of those  fonts. 2. They proceed to transact in LN IOUs, as many times as they wish, until the value of the locked-up beanie is exhausted. |
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 Good morning, fellow scions of the Great Scrooge McDuck fortune! |
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^^Nothing left to do but Relax and Enjoy Live Shows for Bitcoin @ Xotika.TV. It's powered by bitcoin |
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Could they say "core" a few more times. It would be nice if Satoshi could just jump back in again. And tell us he's been to rehab.... for smoking baby hair. Maybe we could stop pushing him in front of every argument then. Wouldn't you rather a delicious helping of girl otter with potato & fish testicles? @billyjoeallen: Credit is the first step on the cul-de-sac of Debt Slavery. |
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only 5,000 full nodes really? that's minuscule
Imagine if the blocksize gets raised, you can divide that number by 2 overnight because a lot of people will not be able to run said nodes on their bedroom computers anymore, thats why the blocksize increase is a disaster unless we know for sure it's the right moment in time to raise it, but some people seem to not understand this fact. >if the blocksize gets raised *maximum block size, not block size. >you can divide that number by 2 overnight wrong on every level. |
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Bitcoin is the digital equivalent of physical cash in your hand.
You don't need a terminal when you buy a beer at a pub with the $10 in your pocket. You don't need a merchant terminal for that service. I can put money in a laundry machine without it going to Visa to authorize it. If the vender wishes to give me a receipt, I can take it if I want too and they can print it as necessary, but there never has to be a record of every physical cash transaction.
So if there is any legal front against Bitcoin, they would have to do the same thing to their physical currency in their own country.
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Until they can do that, they can't do anything to Bitcoin...
Eh...
Let me explain to you how things work IRL: "They" don't have to do anything. If "they" decide that BTC causes more harm than good, "they" will ban it. "They" would have banned cash a long time ago, if the only unique use scenarios for cash were buying drugs, child porn, extortion & ransomware. It may surprise you to learn that cash is often used by the unbanked to buy food for their children and gas for their cars, and to pay rent. In other words, unlike Bitcoin, cash is necessary for Normal_People to do their Normal_People, not illegal, shit. Unlike Bitcoin. That's why cash hasn't been banned |
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Mass adoption What is a currency that you can only spend on a selection of government approved products and services really worth? ... If you crave child porn & krokodil, not much  |
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"Moscow. 25 February. INTERFAX.RU Bitcoin use among drug traffickers in Russia has increased twentyfold over the past 2 years, announced Dmitry Brawlers, deputy chief of Russia's Federal Drug Control Service during the "round table" meeting on Thursday." -- http://www.interfax.ru/business/496123Mass adoption |
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ew this is such crap, i need a drink...
Ha ha! You fools, you have already lost! What has been seen can't be unseen!  |
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Oh shoot... It's falling further  |
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... system used for central heating for nearby houses or office buildings. 40-60 degrees celsius through radiators makes sense. ...
Forced hot water heat temp is 82-98C. 40-60 for radiant heat (not really common). Would have to be fairly special houses -- central heating (for apartments) usually means *steam* heat (convenient, because no return pipes with steam). MFW "... According to a report published in the Science Daily" misread "Suicide Daily." Also the language in the chart: "Jumping from heights" (So jumping up & down won't do it; check.) "Cutting with sharp objects" (Put away those marshmallows!! I read the Wikipedia, it simply won't work!) |
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Fine. You may like other network, Paypal maybe, or Doge? Where charismatic leaders or users respectively decide what gets added.
In a cryptocurrency, miners always have the final say in what gets added and what not.
Yup.  |
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What do you think will happen longterm (*10 to 20 years)?
10-20 years is far away. China might get stricter environmental/Bitcoin mining regulations.   ... and Bitcoin mining will become centralized somewhere else. Maybe next to some incredibly cheap wildass Libertarian nuclear reactor, spewing neutrons all over Somalia, with only worries being radiation effects on silicon Just like everything else, Bitcoin mining started out with privateers/wildcatters/nutjobs/visionaries, & ended up as an industry: doing stuff to make money. The problem, for me, is money != BTC for miners; they can *sell* BTC, which means they're not committed to BTC as much as the hodlers are. If, for instance, another SHA256 coin came around that was more profitable to mine, or, if some government paid them to mess with Bitcoin (mind you, paid them in !BTC, so reward doesn't become worthless when BTC tanks), they'll *definitely* do that. Or exert leverage on hodlers (extort) to not do it. |
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