I am confussed: Starting Thursday in the U.S., by using BitPay, the world’s leading bitcoin payment processor, you can trade-in bitcoin – at current market value — and add it to your Microsoft account. That sound like, you can just pay in the US. There is a cap on how much you can exchange per day: $1,000 (or its equivalent in your country or region’s currency) to your Microsoft account on any given day That sounds like, you can also do it in other countries |
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^No, you forgot already. It's OK, I'll remind you: ...Credit Cards are not that widely used here in Austria.
Not every country adopts to modernity as quickly as USA. Nothing wrong with that, you'll catch up. There are other developing countries where CC use is even less prevalent. It's really sad, how the stereotype of stupid US-Americans is true for so many people, who think, their country is superior to every other country in the world, because they are to ignorant and arrogant to look at other countries and their ways and just think for them self. You are even to arrogant to just admit, that the USA is obviously behind when it comes to preventing skimming. So, you get on my mental ignore-list, just with anonymimint(or whatever his nick is), since it is just to exhausting to argue with stupid people. |
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It is really hard to discuss with you, since you are even too stupid to understand, what people are telling you or you are misunderstanding it on purpose.
So, one more time: The credit card company charges the merchant extra, this extra costs eventually winds ab with the costumer. Do you really think, they just swallow it, because they are so altruistic? Secondly credit cards works exactly the same in Austria than in the USA(as far as I know)
We are discussing the difference between using cash & debit cards (your scenario) vs. using CC (mine). Other than a few gas stations in podunk towns, I do not get cash discounts. I do get CC perks. Ergo, CC is less expensive for me to use than cash. If you feel like subsidising my CC use by transacting with cash, you go right ahead. Unless you recieve cash discounts, that's exactly what you are doing  and again: It is not the same in Austria, which is my whole point all along. Do you want to go another round in this circle? btw. I am pretty sure, there are also shops in USA, which generally don't accept credit cards and there for are generally cheaper. Maybe someone from the USA can confirm that. |
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^ Yes, ATM, a US Invention. Enjoy using our hand-me-down technology You still fail to explain why cc are better than atm cards. I'd love to here that. ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit. In America, we use both  By perks you mean an extra intermediary, who also charges extra?... No, I mean frequent flier miles. My credit card charges me exactly as much as my debit (ATM) card--zero. If yours charges you, you must be a deadbeat with lousy credit rating  Re. your link: One of the advantages of credit/debit cards over Bitcoin is not having to worry about the technology getting hax0rd. The bank/CC company carries all the risks It is really hard to discuss with you, since you are even too stupid to understand, what people are telling you or you are misunderstanding it on purpose. So, one more time: The credit card company charges the merchant extra, this extra costs eventually winds ab with the costumer. Do you really think, they just swallow it, because they are so altruistic? Secondly credit cards works exactly the same in Austria than in the USA(as far as I know) Your last statement is misleading. Even when you get your money back(I don't think, that is always the case), there is still a lot of inconvenience involved, in contrary if your country just forbids old buggy technology. |
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^ Yes, ATM, a US Invention. Enjoy using our hand-me-down technology You still fail to explain why cc are better than atm cards. I'd love to here that. ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit. In America, we use both By perks you mean an extra intermediary, who also charges extra? We also have a free month's worth credit, but we are not just that stupid to pay today with the money we might have in the future. Sure, we take credits, but not just as lightly as US-Americans, too. Btw. speaking of old technology, you might be interested in that: http://www.vienna-expats.at/articles/18-living-in-vienna/40-geocontrol-additional-security-bankomatkarten-abroad.htmlUSA is one of this countries, which has this problem with Skimming, since your ATM machines use an old technology. Edit: I just looked at the list of secure countries seeing that it is more secure to use your ATM card in Ukraine than in the USA. Do you still thing your country's technology is high sophisticated? |
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I am not sure, how a Microsoft Account exactly works, but I guess, you just load money into your account and than buy stuff with that money.
I don't see, why loading your account with bitcoin should be exclusive for the USA.
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^ Yes, ATM, a US Invention. Enjoy using our hand-me-down technology You still fail to explain why cc are better than atm cards. I'd love to here that. |
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...Credit Cards are not that widely used here in Austria.
Not every country adopts to modernity as quickly as USA. Nothing wrong with that, you'll catch up. There are other developing countries where CC use is even less prevalent. Are you trying to be funny or are you just an idiot? We don't need CC since we just use ATM cards = less fees, more secure, same convenience. Calling CC modern is one of the stupidest things, I have heard in a long time. |
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Yesterday I heard about a small bar, that just accepts cash and Bitcoins, because the fees for credit cards and ATM card is just too high for them.
In Austria a lot of merchants that accept credit cards charge extra for that.
I am really amazed how a lot of people just don't realize, that there are other countries, with other laws, fee structure and mentality. Credit Cards are not that widely used here in Austria.
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Check out other penny stocks--happens all the time.
Did somebody see "Wolf of Wall Street" and thinks he is now a financial expert? |
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So, you have a 2 of 2 Multisig and give one sig to 2 people.
That is not a good security concept.
Hello, could you elaborate, where is the security hole and in which situation(motivation) is it present? center-person dies, nobody get's his Bitcoin or center person blackmails you. The arbitrator can still be a fool player. The concept of the arbitrator is, that you just need him, when there is a problem, not that he can fuck up the whole transaction when ever he wants. Correct, I had to mention that there are sharing secret algorithms used to share the secret within N people with the possibility of the secret to be reconstructed with K parties, e.g. http://en.wikipedia.org/wiki/Shamir's_Secret_SharingIf that one is accomplished, would it be less secure than multisig? Maybe I am wrong, but is Shamir's_Secret_Sharing and Multisig not the same thing? Hmmm could be, in a very deep technical level...I was just thinking that sharing a secret could be easier in terms of technical implementation vs multisig...but there is another inherited problem - the center needs the whole secret in order to generate the private key and the bitcoin address, right? https://brainwallet.github.iothe other parties needs to trust the center - that it will split the secret according to the publicly announce algorithm and will hold only it's part ....from security point of view the center would be motivated to do so....if you accept preliminary that the center is trusted ) As far as I understand it, you could use brain wallet or something likely to generate your private keys and than just use the Multisig logic with this private keys. Trusting a centralized party is exactly what most people on this forum will tell you not to do. |
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So, you have a 2 of 2 Multisig and give one sig to 2 people.
That is not a good security concept.
Hello, could you elaborate, where is the security hole and in which situation(motivation) is it present? center-person dies, nobody get's his Bitcoin or center person blackmails you. The arbitrator can still be a fool player. The concept of the arbitrator is, that you just need him, when there is a problem, not that he can fuck up the whole transaction when ever he wants. Correct, I had to mention that there are sharing secret algorithms used to share the secret within N people with the possibility of the secret to be reconstructed with K parties, e.g. http://en.wikipedia.org/wiki/Shamir's_Secret_SharingIf that one is accomplished, would it be less secure than multisig? Maybe I am wrong, but is Shamir's_Secret_Sharing and Multisig not the same thing? |
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So, you have a 2 of 2 Multisig and give one sig to 2 people.
That is not a good security concept.
Hello, could you elaborate, where is the security hole and in which situation(motivation) is it present? center-person dies, nobody get's his Bitcoin or center person blackmails you. The arbitrator can still be a fool player. The concept of the arbitrator is, that you just need him, when there is a problem, not that he can fuck up the whole transaction when ever he wants. |
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So, you have a 2 of 2 Multisig and give one sig to 2 people.
That is not a good security concept.
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I really don't know, what your problem is. The explanation is just wrong, because miners get their money, because they secure the system. There is no money randomly send to a address. I don't get block rewards, since I am not mining, even though I have multiple addresses. You can use that analogy for POS not for POW.
This example is just to facilitate understanding of this subject. Can you understand that? I really don't like to play that card, but I understand, that the people who are hating against my critic are pretty much n00bs. The concept, that you have to work for the system to get the block reward and it is not given out randomly is pretty essential for bitcoin. Not just that, it is what made Bitcoin special, when it was invented. It is too important to drop, even when you want to simplify the concept. |
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Uber is literally the worst. They admitted to tracking everything people were doing on their phones, they lie about enforcing rules for background checks, but everyone wants to keep fellating them because "lol free market at work". They are the definition of bad actors. They don't give two shits.
sorry if this is a stupid question, (i know what is Open Bazaar) but what is Uber? A mobile app that allows anyone to be a cab. So how these applications can be similar to each other? where can I read about it? any link? So many uber haters...why?
Everyone loves joining in on a hate fest. It says more about people than Uber, I think. Some months ago I realized how much people are hating on google. They are for sure no saints, but I still like them more, than the other big players, since they are more open about what they are doing. I remember some years back, google was the internet messiah ... |
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Why shouldn't someone buy Bitcoin for $1000 in a year? Just because it is less than that today? Why should someone buy Bitcoin for $345 today, when it was $130 one and a half year ago?
There were always marks, were people said, that is the peak. I am not long enough in the game, but I think, there was one at $1 at $30 at $130 and now at $1000.
What exactly changed?
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The robot/miner part is just wrong. The piggy bank is not chosen randomly.
If you are trying to explain mining to a kid, you might as well explain the real thing, and not think about analogies. The robot/miner part is just wrong. The piggy bank is not chosen randomly.
always has to come someone who will f$$k up party..  The robot/miner part is just wrong. The piggy bank is not chosen randomly.
Yes it is. That is why most mine on pools if they solo mine, might never get a reward. I really don't know, what your problem is. The explanation is just wrong, because miners get their money, because they secure the system. There is no money randomly send to a address. I don't get block rewards, since I am not mining, even though I have multiple addresses. You can use that analogy for POS not for POW. |
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People buy bitcoin because they think they'll be worth millions some day, but who should be the fool buying for 1000$+?
Has this question been answered before?
A new user with a german nick, that translates into humans enemy. lol It is simple economy, when the demand rises and the supply stays the same price goes up. The "fools" are the people who don't have bought BTC already or who didn't buy enough for their future use. |
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Regulators softening stance on Bitcoin doesn't seem to be happening too soon.
I guess it will take a lot of time.
The list of countries hostile to Bitcoin keeps increasing.
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi |
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