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ChicagoSchooler
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April 05, 2015, 07:11:40 PM
Last edit: April 07, 2015, 02:08:57 AM by ChicagoSchooler
 #1

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April 05, 2015, 07:43:15 PM
 #2

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

mmmmmmmmmmm
but
why you are so "optimistic"Huh?
share your ideas plz!

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arallmuus
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April 05, 2015, 07:54:47 PM
 #3

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

bitcoin had been sentenced death several times yet it has been proven , there is no actual economic law that could be fully applied to bitcoin yet because the maximum supply isnt yet to be in the market circulation

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April 05, 2015, 08:00:04 PM
 #4

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

bitcoin had been sentenced death several times yet it has been proven , there is no actual economic law that could be fully applied to bitcoin yet because the maximum supply isnt yet to be in the market circulation

53 times...
exactly!!

  Grin Grin Grin Grin Grin

take a look!!!

http://bitcoinobituaries.com/

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needFREElunch
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April 05, 2015, 08:04:12 PM
 #5

Those are big companies that accept bitcoin but there is a large amount of people with small business on this forum and other similar places that use bitcoin.

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April 05, 2015, 08:28:58 PM
 #6

bitcoin adoption has started not many time ago, so i see no problem here, we are talking about end of the last year basically, it takes time for those big companyes to accept bitcoin, they need to work on security tool first before accepting it

btw that thing you posted isn't showing small companies anyway, there are many that accept bitcoin as a payment(like small restaurant, fast food ecc...)
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April 05, 2015, 08:47:00 PM
 #7

there are many that accept bitcoin as a payment(like small restaurant, fast food ecc...)

Where?

I think he means there are lots of people and places who now do accept bitcoins .
You can find a list for restaurants on here: http://bitcoinrestaurants.net/
and https://en.bitcoin.it/wiki/Real_world_shops

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April 05, 2015, 09:44:21 PM
 #8

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

-----------------------------------------------------

9,923

How many accept through services that immediately convert to another currency?

Everyone can do whatever he wants with his own money, now you are thinking in a world that using bitcoin for everything an this is not possible at the moent (due the limit of 7 tx per second, the lenght of confirmation, etc). As I always say here, bitcoin is a good and functional alternative to send money from a point A (example Rome) to a point B (example Pechino) with the lowest fee in the world (respect WU, moneygram, etc...) it could be also used for save money; the mainstream adoption will never happen with this protocol condition and bitcoin can never replace FIAT.

just my personal opinion, thanks for the attention.

PS: I always hoped in a decentralized world, but until the governments will exist that "thing" will never happen.
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April 06, 2015, 03:27:45 PM
 #9

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

bitcoin had been sentenced death several times yet it has been proven , there is no actual economic law that could be fully applied to bitcoin yet because the maximum supply isnt yet to be in the market circulation

53 times...
exactly!!

  Grin Grin Grin Grin Grin

take a look!!!

http://bitcoinobituaries.com/

hillarious, it is a lot more than what I expected

it could be also used for save money;

I honestly see zero long run future value with these protocol conditions.

It is indeed a good value, unless you never send big amount of money, when it comes to banks protocol and banks fee to send big chunk of fiat, then sending them through bitcoin could be an alternative way

the mainstream adoption will never happen with this protocol condition and bitcoin can never replace FIAT.

I agree.

Too early to tell as to be able to replace fiat, the max supply should be in circulation, otherwise it will never replace fiat for now, another factor would be its great volatility which is easy to be manipulated

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April 06, 2015, 03:59:56 PM
 #10

Just found a site that lists "all" of the places accepting BTC.
Sad.
The laws of economics have sentenced BTC to market death.

-----------------------------------------------------
9,923
How many accept through services that immediately convert to another currency?

That site only has a fraction of listed business accepting bitcoin. With places like bitpay and coinbase making it simple to integrate into websites and use for payment that site only has a fraction of business and growing every month for more business to accept payments. I would think that the BTC market is far from it turning dead. BTC at the moment is on a down trend due to many factors that happened last year and still trying to recover from it. Once this has recovered and less down trend and less spikes up and gradual increase in price it will eventually recover but still it has a fair bit of work to get anywhere near what it use to be. Just enjoy the low price of coins for the next few month and grab what you can for the take off and up trend of it.

=
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April 06, 2015, 04:16:16 PM
 #11

Don't those services convert immediately to conventional currencies?

Looks like BTC holders are the suckers.

Those shops are inside a country which has its own currency in which they have to buy the goods they (re)sell and they pay the taxes.
I think that you expect too much if you think that they will put away more bitcoin than their profit.
Clearly, only few will do even that. If the market trend will go upside, the number of holders will also rise.

The only "suckers" are the only ones that  bought at 1000$ and around.
Some bought at under 1$. They are not that gloomy as you...

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April 06, 2015, 04:40:14 PM
 #12

That site only has a fraction of listed business accepting bitcoin.

Where?

With places like bitpay and coinbase making it simple to integrate into websites and use for payment that site only has a fraction of business and growing every month for more business to accept payments.

Don't those services convert immediately to conventional currencies?

Looks like BTC holders are the suckers.


The site you have in OP http://spendbitcoins.com/places/ only small part of the sites that accept it. Most known ones are on it but theirs maybe 50 to 100k business using BTC if not more and smaller and unlisted business using in towns across the globe.

Yes both them can convert on the fly to Fiat but can also just stock it up and have a reserve of funds to put into it too so they can stock up on BTC for the future. I know a few company's who do this set reserves aside for the items they sold and off set it.

Some do sell instantly some who are bigger will save or even do a split on it so that if it does spike up they get 2 to 3x the value back. Is like me buying BTC at $200 then selling at current price . Or buying at current price of $255 or items to that value holding the coin I  received for items and waiting for value of BTC to go up and get more for that stock sold etc.


Don't those services convert immediately to conventional currencies?

Looks like BTC holders are the suckers.

Those shops are inside a country which has its own currency in which they have to buy the goods they (re)sell and they pay the taxes.
I think that you expect too much if you think that they will put away more bitcoin than their profit.
Clearly, only few will do even that. If the market trend will go upside, the number of holders will also rise.

The only "suckers" are the only ones that  bought at 1000$ and around.
Some bought at under 1$. They are not that gloomy as you...

Someone buying at $1000 I was buying/selling at them prices well buying at 800s and making as it was going up. Sold off around $1200 area and a squeeze more when it peeked and plummeted down due to gox falling apart but the ride was insane but at same time seen so many got shafted gonna take a lot of work to ever pass the $1,000 area unless BTC gets adopted more and used more and more demands for it.

=
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  R E B E L L I O U S
vvv8
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April 06, 2015, 05:51:16 PM
 #13

The OP of this thread is a troll and a shill. All of his posts are garbage, always a negative stance towards bitcoin with petty topics nobody really gives a fuck about because they DON'T matter. I can sit down and school this scrub, but it would me my own time wasted. Do yourself a favor, remember the OP's username, and avoid his garbage baiting posts.
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April 06, 2015, 06:11:59 PM
 #14

The OP of this thread is a troll and a shill. All of his posts are garbage, always a negative stance towards bitcoin with petty topics nobody really gives a fuck about because they DON'T matter. I can sit down and school this scrub, but it would me my own time wasted. Do yourself a favor, remember the OP's username, and avoid his garbage baiting posts.
Ignore him, he's one of those shitcoin pushers who try to convince the rest their coin is better than BTC. Bitcoin is dead, buy a crapcoin. Now it's worth only 0.01USD, but soon we'll take over the world.
https://bitcointalk.org/index.php?topic=960938.msg10516424#msg10516424

RodeoX
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April 06, 2015, 06:16:06 PM
 #15

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

-----------------------------------------------------

9,923

How many accept through services that immediately convert to another currency?

"All"? Not even close. BitPay has like 50K in businesses who take BTC and CoinBase has another 40K or more. That is just two payment processors and a fraction of the businesses. If 10K was the real total you would have an argument. In reality it's orders of magnitude more. 

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
AtheistAKASaneBrain
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April 06, 2015, 06:32:17 PM
 #16

Just found a site that lists "all" of the places accepting BTC.

Sad.

The laws of economics have sentenced BTC to market death.

-----------------------------------------------------

9,923

How many accept through services that immediately convert to another currency?

Just found a site that lists "all" of the times Bitcoin has been sentenced to death.

Sad.

The laws of economics have sentenced this thread as another FUD.
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April 06, 2015, 07:01:39 PM
 #17

BitPay has like 50K in businesses who take BTC and CoinBase has another 40K or more.

Who change all of their BTC to something else.

It's a hot potato of value.

Yes. businesses are going to act in their self interest not ours. I highly recommend that any serious business use a processor and avoid the price volitility. It would be foolish and irresponsible not to at this point. Bitcoin was not invented so we could get rich. It is the safest, fastest, and cheapest payment method. That is all.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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April 06, 2015, 07:27:13 PM
 #18

Bitcoin was not invented so we could get rich.

You said it.  No one will become rich from its latency and price instability.

It is the safest, fastest, and cheapest payment method.

A spontaneous 51% hashpower acquisition, which "should never happen", already happened.  It's as safe as proof-of-stake.

The Ideal Reserve consumes 500ms for global certainty.  BTC consumes at least 60 minutes.  BTC isn't even close to the fastest.

Since miners need transaction fees on top of block rewards, it's incredibly expensive, not including the time consumption costs to achieve certainty.

That is all.

Yeah, BTC's done.
You don't seem to know how credit cards work. They are now inherently unsafe. I am on my third replacement card in a year. I have never lost a penny in BTC. It take 2-30 days to complete a card Tx. It may seem instant to you as a consumer, but that is just the start of the process for a business. Additionally it will cost the business 3% of the sale. That adds up to big money as sales go through. With bitcoin is costs pennies to send millions. Not even in the ball park. For example, try sending $20 to Europe. It may cost you another $20 just in fees. I suspect you have never done a wire transfer or the like.

So again. There is NO faster way to move money.
There is NO safer way to move money.
There is NO cheaper way to move money.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
Somekindabitcoin
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April 06, 2015, 07:56:01 PM
 #19

These companies wouldn't be converting instantly to currency if Bitcoin were at a stable price and not going up and down!

Take an example:

They sell items worth 1,000 bitcoins.

Preev rate at this moment is 255 bucks per coin.


Say they were to hold it and it gains value by 20 bucks. They'd be up around 20k.

Say the opposite were to happen and it decreases by 20 bucks.

They'd be down 20k, therefore spiraling them down into debt had they had a 30-50% sale that day.

If they instantly converted, they'd have all the money they needed.

If bitcoin was a long term investment [NOT] easily being manipulated by bots and majority holders, they'd probably seek it for a long term investment.

All of the above though, are based on mostly small businesses who can't take these types of hits. Bigger companies will possibly hold for a longer term investment.
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April 06, 2015, 08:34:43 PM
 #20

You don't seem to know how credit cards work.

You don't seem to know how economics works.

They are...

They still utilize price stability and can confirm with sufficient certainty at Ripple speed.

BTC is more costly than chargebacks.

This is all moot since price stability & global instantaneity is now available.

Bitcoin is dead

Yes, but I don't BTCers to buy MØ.  I want you to hold BTC to 0.

Now it's worth only 0.01USD, but soon we'll take over the world.
https://bitcointalk.org/index.php?topic=960938.msg10516424#msg10516424

That explains why you own BTC.

Latest valuation here: https://www.reddit.com/r/IdealReserveOTC/comments/30n4jx/doublesided_continuous_currency_product_auction/

I doubt you'll understand it.

k, I didn't get rich arguing about bitcoin. I got here understanding it. And I doubt you are going to do the same using credit cards.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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