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Author Topic: Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin  (Read 359 times)
the_poet (OP)
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August 30, 2015, 06:48:04 PM
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He sees Bitcoin as a commodity (world's first digital commodity) rather than a currency, but his company was one of the first to integrate BTC as a payment method.  Huh

http://www.coindesk.com/gyft-co-founder-bitcoin-payments-have-decreased-by-80/
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 30, 2015, 07:37:48 PM
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Quote from: the_poet on August 30, 2015, 06:48:04 PM
He sees Bitcoin as a commodity (world's first digital commodity) rather than a currency, but his company was one of the first to integrate BTC as a payment method.  Huh

http://www.coindesk.com/gyft-co-founder-bitcoin-payments-have-decreased-by-80/

Yet Gavinistas will have you believe Bitcoin is the best thing around to buy their frappucino.
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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