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ChicagoSchooler
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March 29, 2015, 04:27:11 PM
Last edit: April 07, 2015, 02:15:42 AM by ChicagoSchooler
 #1

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March 29, 2015, 04:40:10 PM
 #2

How does it take forever? All it takes is scanning a QR code and sending the payment, it's instantaneous since you don't need to wait for the confirmation to get your stuff just as you don't wait for credit card operations being confirmed by banks, you just assume it will be ok and it goes ok.
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March 29, 2015, 05:41:53 PM
 #3

It makes no sense. It might take a bit to receive many confirmations, but the transfer in itself is practically instantaneous.
Just bought pizza the other day (not for 10000 btc unfortunately Sad ), I was amazed how incredibly quicker the process was comparing to paying with your bank card, or even PayPal.
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March 29, 2015, 05:45:36 PM
 #4

How does it take forever? All it takes is scanning a QR code and sending the payment, it's instantaneous since you don't need to wait for the confirmation to get your stuff just as you don't wait for credit card operations being confirmed by banks, you just assume it will be ok and it goes ok.

I am all for bitcoin but the credit cards seem more trust worthy to business because there is a company behind the card that will insure that the party that is in the right will receive there money.

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March 29, 2015, 05:48:40 PM
 #5

It makes no sense. It might take a bit to receive many confirmations...

I know, right?

I mean, why don't all retailers simply accept 0 confirmation transactions and put all of their sales at risk?

I just don't get it.

Beg, borrow, steal non-MØ.

Just bolded the important part for you to get it.

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March 29, 2015, 06:46:17 PM
 #6

This thread is bogus. Every brick&mortar store that accepts btc is taking 0 conf transactions.
everything else would be just plain stupid.

The critical thing is the replace by fee proposal of peter todd which seems really weird.
Imho it makes double spending much easier if it goes through

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March 29, 2015, 06:58:18 PM
 #7

Every brick&mortar store that accepts btc is taking 0 conf transactions.

Yaaaaaaaaaaaaaas!

Now, that's a BTC strategy I can get behind: buy a few now, wait for the price to crash further, buy up all the inventory not repriced at a huge discount, bankrupt the retailer.

BTC: the preferred way to get paid.

Welcome to the forum. Sod off.
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March 29, 2015, 07:27:44 PM
 #8

I smell someone who believed to be a millionaire after buying 1 btc.
now the hard cold world called reality is visiting him.

You might want to study or get a job.
watching your btctalk thread all day and posting every 5-10 minutes wont make you a millionaire
economics is no science but you might earn a lot of money depending on how good you can manipulate and scam people Smiley

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PRESALE
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criptix
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March 29, 2015, 07:57:34 PM
 #9

Science is falsifiable. Physics is falsialfiable. Economics is not.

you really dont want a job? Just prepare for the day communism and welfare ends Sad

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.LATTICE - A New Paradigm of Decentralized Finance.
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March 29, 2015, 08:31:57 PM
 #10

Science is falsifiable. Physics is falsialfiable. Economics is not.

That's a first.  How do you hold Keynesianism, Austrianism, and Chicagoism in your head at the same time?

you really dont want a job? Just prepare for the day communism and welfare ends Sad


i can remember a sentence we would always tell economic students back in the days:

I have lectures that are harder then your whole course of studies.

It didnt change one iota. And every single post grad or phd will confirm It.

btw what i read from you is something like this:

Yada yada economics mumble mumble economics

It has no fact nor model to rely on. What economist do is mostly looking in a imaginary crystal ball and add in some words and numbers so that it sounds scientific.


Also if the world goes under with its communism and welfare - do you really believe some economics internet warrior like you will survive?
Nearly as delusional as economic theories

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Bit_Happy
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March 29, 2015, 08:50:45 PM
 #11

It makes no sense. It might take a bit to receive many confirmations, but the transfer in itself is practically instantaneous.
Just bought pizza the other day (not for 10000 btc unfortunately Sad ), I was amazed how incredibly quicker the process was comparing to paying with your bank card, or even PayPal.

Yes, the speed of the initial transfer is amazing! The only time I'm concerned about Bitcoin transactions is when confirmations are required and single blocks are taking over 30 minutes.
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March 29, 2015, 09:00:18 PM
 #12

1. im saying economics is no science why the hell would i have studied it? You make no sense

2. Nobel prize of economics is worth nothing ( except the gold medal and the price money) because it was created under pressure of the swedish central bank and is also payed by them.

3. Tell me one working economic model that doesnt fail 50% of the time.

4. If you were rich you wouldn't have wrote around 400 post in one month here. Stop lying

5. You can make a lot of money in a bearmarket escpecially a market that is volatile as btc.

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March 29, 2015, 10:45:03 PM
 #13

I just read two thesis about vernon smith.
he invented experimental economics a method which showed that all the economic models dont work Lol  Grin

( the method is actually roleplaying  in a laboratory )

Please show us plebs more of your intelligence and riches; teach us more  Cheesy

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Pathi
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March 29, 2015, 10:54:56 PM
 #14



Buy more BTC.
[/quote]
Ok I bought 2 today....

Of course I always buy around the 1st of each month.....
criptix
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March 29, 2015, 11:22:06 PM
 #15

Angry much about the fact that you have no clue about what you talking? Cheesy

http://www.econlib.org/library/Columns/CourseyVSmith.html

Vernon Smith: An Experimental Study of Competitive Market Behavior lecture ( my smartphones doesnt want to link it)

move out of moms basement and get a job

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criptix
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March 30, 2015, 12:03:49 AM
 #16

you are an idiot.

I told you that i am not an economist.

reading seems not to be one of your strenghts

Quote
These results were big surprises. The textbook says that there should be perfect information for the market to equilibrate. But the subjects produced market equilibria having no knowledge about others and with little experience, if any, with trading in the double-oral-auction. Finally, when Smith manipulated the number of sellers and buyers he found that astoundingly small numbers of sellers and buyers would produce competitive equilibrium. A market with as little as four sellers and four buyers will produce the competitive outcome. Prior to this research, the textbooks said you needed infinite or "numerous" numbers of each. Smith's early research challenged this convention and opened up the possibility that many apparently "thin" markets (having few sellers and buyers) in the real world produce competitive outcomes.

you are really an idiot

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criptix
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March 30, 2015, 12:23:18 AM
 #17

You need to take a step back.  This BTC collapse into oblivion is really getting to you.

Now you say:

I told you that i am not an economist.

But before you said:

i can remember a sentence we would always tell economic students back in the days

You need a rest, but be sure to buy more BTC before you do.

Quote
These results were big surprises....

To you and everyone like you.


It is quite funny how this sentence implies that i studied economics.
i tried to translate the german meaning into english.
Can someone with english as first language explain to me?

but to clarify we were saying that to economic students to make fun of them.
sad though that it was the truth and you seem to be a perfect example if you are a economist lol

Btw no comments on what i quoted?

Q.e.d.


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criptix
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March 30, 2015, 01:34:13 AM
 #18

Seems the quote was too much for you.
now the only thing left for you is making fun of my english?  Cheesy
you hurt my german feelings Sad


at this point everyone sees what a trolling idiot you are.
you can make a new account  Smiley

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criptix
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March 30, 2015, 01:51:55 AM
 #19

Wheres your imaginary economic yada yada mumble mumble?

Doesnt come out anymore after i showed what bs you are writing.

your reading comprehension and your logical thinking is that of a 8 years old.

do the world something good and stop getting welfare while living in moms basement and pretending to be a ultra rich graduate.

Even bitcoin cant help you
(coming from me that really must mean something)


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PRESALE
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varakunai
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April 01, 2015, 01:44:14 PM
 #20

Wheres...

Here's the bump.

Kill for BTC.

I just killed but i didn't get any BTC!!!  How many do i need to murder before i'm internet rich?

p.s. Really, buy BTC
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