Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)

[brg444]

I use Bitcoin as a currency almost on a daily basis and I find it much easier and convenient compared to other payment solutions. I often buy my diners from this site: http://www.thuisbezorgd.nl/

Using a Airbitz wallet on an android smart phone, while using Bitpay as a payment processor it is incredibly fast, easy and convenient. I even find it to be superior compared to the other payment options that are available to me. My life and experience serves as a counterfactual to your obviously flawed statements.

I often find that the small blockist perspective is very bearish on Bitcoin, keep telling us how fragile, and unpractical Bitcoin is. I disagree, Bitcoin is great it can do all the things that you say it can not.

No it's not. That's not how it works as this is nothing but anecdotal evidence.

You're simply part of the marginal case of users who like to pretend that novelty = convenience when it's clear the rest of the world (and Bitcoin's largest holders) are not buying the delusion that Bitcoin is somehow superior to other payment systems. At least not yet.

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

[VeritasSapere]

I use Bitcoin as a currency almost on a daily basis and I find it much easier and convenient compared to other payment solutions. I often buy my diners from this site: http://www.thuisbezorgd.nl/

Using a Airbitz wallet on an android smart phone, while using Bitpay as a payment processor it is incredibly fast, easy and convenient. I even find it to be superior compared to the other payment options that are available to me. My life and experience serves as a counterfactual to your obviously flawed statements.

I often find that the small blockist perspective is very bearish on Bitcoin, keep telling us how fragile, and unpractical Bitcoin is. I disagree, Bitcoin is great it can do all the things that you say it can not.

No it's not. That's not how it works as this is nothing but anecdotal evidence.

You're simply part of the marginal case of users who like to pretend that novelty = convenience when it's clear the rest of the world (and Bitcoin's largest holders) are not buying the delusion that Bitcoin is somehow superior to other payment systems. At least not yet.

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

It takes me less then 3 seconds to send Bitcoins to order diner through this site in the way that I have described. I have even shown my parents how to do this even though they are not "Bitcoiners" themselves. It is not anecdotal evidence because it is factually evident how convenient, easy and fast this really is. I would suggest that you should try this for your self sometime, and you will see that I am not wrong.

[brg444]

I use Bitcoin as a currency almost on a daily basis and I find it much easier and convenient compared to other payment solutions. I often buy my diners from this site: http://www.thuisbezorgd.nl/

Using a Airbitz wallet on an android smart phone, while using Bitpay as a payment processor it is incredibly fast, easy and convenient. I even find it to be superior compared to the other payment options that are available to me. My life and experience serves as a counterfactual to your obviously flawed statements.

I often find that the small blockist perspective is very bearish on Bitcoin, keep telling us how fragile, and unpractical Bitcoin is. I disagree, Bitcoin is great it can do all the things that you say it can not.

No it's not. That's not how it works as this is nothing but anecdotal evidence.

You're simply part of the marginal case of users who like to pretend that novelty = convenience when it's clear the rest of the world (and Bitcoin's largest holders) are not buying the delusion that Bitcoin is somehow superior to other payment systems. At least not yet.

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

It takes me less then 3 seconds to send Bitcoins to order diner through this site in the way that I have described. I have even shown my parents how to do this even though they are not "Bitcoiners" themselves. It is not anecdotal evidence because it is factually evident how convenient, easy and fast this really is. I would suggest that you should try this for your self sometime, and you will see that I am not wrong.

It also takes 3 seconds to order diner using my VISA. Moreover I get 2% cash back on everything and it comes with industry leading consumer protection.

Have your parents fully converted to Bitcoin and are they using it everywhere they go now?

If it is so superior to other solutions then why not?

[BitUsher]

It also takes my 3 seconds to order diner using my VISA. Moreover I get 2% cash back on everything and it comes with industry leading consumer protection.

Have your parents fully converted to Bitcoin and are they using it everywhere they go now?

You are making the dangerous assumption that it is an either or proposition. Fiat and CC's are superior in certain ways as currency and payment rails than bitcoin... no doubt, but not in all ways. Bitcoin allows users to leverage bitcoin for regulatory arbitrage to save money and than can even use bitcoins greatest weakness as a strength (volatility) by choosing when to spend it. Bitcoin down more than 10-20%?; use Visa, all else cases use bitcoin.  

If it is so superior to other solutions then why not?

Mostly due to ignorance or irrational fear. There really is not many valid reasons not to spend and receive bitcoin.

Now if businesses started refusing all other forms of payment besides bitcoin(regardless of how noble in principle ) it would be economic suicide in most cases. It is a good thing we can have our cake and eat it too though.

[brg444]

It also takes my 3 seconds to order diner using my VISA. Moreover I get 2% cash back on everything and it comes with industry leading consumer protection.

Have your parents fully converted to Bitcoin and are they using it everywhere they go now?

If it is so superior to other solutions then why not?

You are making the dangerous assumption that it is an either or proposition. Fiat and CC's are superior in certain ways as currency and payment rails than bitcoin... no doubt, but not in all ways. Bitcoin allows users to leverage bitcoin for regulatory arbitrage to save money and than can even use bitcoins greatest weakness as a strength (volatility) by choosing when to spend it. Bitcoin down more than 10-20% use Visa, all else cases use bitcoin. 

The more economically sound way to go about it is to use whatever amount of fiat you have before Bitcoin.

https://en.wikipedia.org/wiki/Gresham%27s_law

[RoadTrain]

It takes me less then 3 seconds to send Bitcoins to order diner through this site in the way that I have described. I have even shown my parents how to do this even though they are not "Bitcoiners" themselves. It is not anecdotal evidence because it is factually evident how convenient, easy and fast this really is. I would suggest that you should try this for your self sometime, and you will see that I am not wrong.

I certainly don't understand how Bitcoin can compete with credit cards even for online purchases. If I want to buy something online, it only takes me to write 16+3 numbers, and nothing if a store knows my card already. Near-instant payments, zero fees (for me).

I tried buying with Bitcoin online, it was an interesting experience, but nothing more. Bitcoin is good because you can hodl it, and then buy something without the need to sell it. Asset + currency. But I wouldn't use it for purchases in the fiat world.

Much more interesting payment use cases are remittances/capital controls evasion. There's speculation, btw, that the ongoing rise in price is due to chinese trying to evade capital controls.

[brg444]

There really is not many valid reasons not to spend and receive bitcoin.

 

I hope you don't run a business.

[BitUsher]

The more economically sound way to go about it is to use whatever amount of fiat you have before Bitcoin.

https://en.wikipedia.org/wiki/Gresham%27s_law

Why? Even if we ignore appreciation and I buy btc at 1% above spot , I can immediately save 20-30% off amazon with regulatory arbitrage.

Why should I spend fiat first instead?

I hope you don't run a business.

I own several , and even pay some employees in btc, but no reason to use an ad hominem .... address the argument above directly.

[QuestionAuthority]

I use Bitcoin as a currency almost on a daily basis and I find it much easier and convenient compared to other payment solutions. I often buy my diners from this site: http://www.thuisbezorgd.nl/

Using a Airbitz wallet on an android smart phone, while using Bitpay as a payment processor it is incredibly fast, easy and convenient. I even find it to be superior compared to the other payment options that are available to me. My life and experience serves as a counterfactual to your obviously flawed statements.

I often find that the small blockist perspective is very bearish on Bitcoin, keep telling us how fragile, and unpractical Bitcoin is. I disagree, Bitcoin is great it can do all the things that you say it can not.

No it's not. That's not how it works as this is nothing but anecdotal evidence.

You're simply part of the marginal case of users who like to pretend that novelty = convenience when it's clear the rest of the world (and Bitcoin's largest holders) are not buying the delusion that Bitcoin is somehow superior to other payment systems. At least not yet.

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

It takes me less then 3 seconds to send Bitcoins to order diner through this site in the way that I have described. I have even shown my parents how to do this even though they are not "Bitcoiners" themselves. It is not anecdotal evidence because it is factually evident how convenient, easy and fast this really is. I would suggest that you should try this for your self sometime, and you will see that I am not wrong.

It also takes 3 seconds to order diner using my VISA. Moreover I get 2% cash back on everything and it comes with industry leading consumer protection.

Have your parents fully converted to Bitcoin and are they using it everywhere they go now?

If it is so superior to other solutions then why not?

Go online and try buying a full auto M-16 and an ounce of peruvian blue flake cocaine with your Visa card. Report back and tell me how that works out for you.

[VeritasSapere]

I use Bitcoin as a currency almost on a daily basis and I find it much easier and convenient compared to other payment solutions. I often buy my diners from this site: http://www.thuisbezorgd.nl/

Using a Airbitz wallet on an android smart phone, while using Bitpay as a payment processor it is incredibly fast, easy and convenient. I even find it to be superior compared to the other payment options that are available to me. My life and experience serves as a counterfactual to your obviously flawed statements.

I often find that the small blockist perspective is very bearish on Bitcoin, keep telling us how fragile, and unpractical Bitcoin is. I disagree, Bitcoin is great it can do all the things that you say it can not.

No it's not. That's not how it works as this is nothing but anecdotal evidence.

You're simply part of the marginal case of users who like to pretend that novelty = convenience when it's clear the rest of the world (and Bitcoin's largest holders) are not buying the delusion that Bitcoin is somehow superior to other payment systems. At least not yet.

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

It takes me less then 3 seconds to send Bitcoins to order diner through this site in the way that I have described. I have even shown my parents how to do this even though they are not "Bitcoiners" themselves. It is not anecdotal evidence because it is factually evident how convenient, easy and fast this really is. I would suggest that you should try this for your self sometime, and you will see that I am not wrong.

It also takes 3 seconds to order diner using my VISA. Moreover I get 2% cash back on everything and it comes with industry leading consumer protection.

Have your parents fully converted to Bitcoin and are they using it everywhere they go now?

If it is so superior to other solutions then why not?

Your posts sound like advertisements for Visa.

[BitUsher]

Go online and try buying a full auto M-16 and an ounce of peruvian blue flake cocaine with your Visa card. Report back and tell me how that works out for you.

Its getting so bad with operation chokepoint that even with 100% legal goods and services like certain ammo and porn can no longer be purchased without bitcoin.  

[brg444]

Your posts sound like advertisements for Visa.

Sounds too good to be true heh? Well it's not!

[brg444]

Go online and try buying a full auto M-16 and an ounce of peruvian blue flake cocaine with your Visa card. Report back and tell me how that works out for you.

Maybe you missed this part

It might be for certain niche use cases (overseas transfers) but for everyday business it can't hold a candle to my VISA card.

[brg444]

I hope you don't run a business.

I own several , and even pay some employees in btc, but no reason to use an ad hominem .... address the argument above directly.

More power to you!

Pray tell, do all your suppliers accept Bitcoin as payment?

[BitUsher]

I hope you don't run a business.

I own several , and even pay some employees in btc, but no reason to use an ad hominem .... address the argument above directly.

More power to you!

Pray tell, do all your suppliers accept Bitcoin as payment?

Of course not... but before you proceed , address my question refuting your statement that I should use fiat first.

Why? Even if we ignore appreciation and I buy btc at 1% above spot , I can immediately save 20-30% off amazon with regulatory arbitrage.

Why should I spend fiat first instead?

[QuestionAuthority]

Go online and try buying a full auto M-16 and an ounce of peruvian blue flake cocaine with your Visa card. Report back and tell me how that works out for you.

Its getting so bad with operation chokepoint that using visa with 100% legal goods and services like certain ammo and porn can no longer be purchased without bitcoin. 

That's the truth. Bitcoin has a purpose that can't be duplicated by any other payment method. The problem is investors and early adopters want it to be used for everything so the price will hike up and they can sell out for fiat and buy a Lamborghini and a new house. Bitcoin is decades or generations away from being capable of replacing Credit Cards. It doesn't need to fill that roll right now. Currently, it only needs to be best at one thing, buying contraband anonymously online. But the PayPal of the underworld won't push the price through the roof.

[brg444]

I hope you don't run a business.

I own several , and even pay some employees in btc, but no reason to use an ad hominem .... address the argument above directly.

More power to you!

Pray tell, do all your suppliers accept Bitcoin as payment?

Of course not... but before you proceed , address my question refuting your statement that I should use fiat first.

Why? Even if we ignore appreciation and I buy btc at 1% above spot , I can immediately save 20-30% off amazon with regulatory arbitrage.

Why should I spend fiat first instead?

Your amazon example is a marginal situation. Sure you might enjoy the benefits of jumping through these hoops but please don't pretend it is in anyway convenient for anyone other than determined Bitcoiners.

As a more general rule, you should spend fiat because its purchasing power constantly depreciates while Bitcoin's appreciates on a long scale. Again, what I'm proposing is nothing novel. It has been the reaction and general attitude of individuals anytime a better form of money was introduced throughout history.

[brg444]

They also don't understand what politics is and how everything human is also political.

Hint: It isn't what you see on CNBC and Fox News

Now, now Veritas, no need to create suckpuppet accounts to spam the thread 

[VeritasSapere]

Whenever I spend my Bitcoins I immediately buy more, this way I am not subjected to this dilemma.

[BitUsher]

Your amazon example is a marginal situation. Sure you might enjoy the benefits of jumping through these hoops but please don't pretend it is in anyway convenient for anyone other than determined Bitcoiners.

There is a very large group of people who waste a bit of time comparison shopping and cutting out coupons as well. The amount of effort to use foldapp and purse isn't any more.

But the PayPal of the underworld won't push the price through the roof.

I only use bitcoin on the whitemarket so am not the biggest expert on the blackmarket, but crunching some numbers can quickly reflect that even if bitcoin was used in a reasonable 5% of blackmarket txs with 0 greymarket and whitemarket use cases it would still grow to over 100k in value per btc in price. It is sometimes difficult to appreciate how large the blackmarket is. In many countries, the black and grey markets are necessarily larger than the "white market"