Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ahpku]

Can you believe how many chumps we roped in with false advertising?

...

[AlexGR]

Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.

[ChartBuddy]

Coin



Explanation

[ahpku]

Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.

The trusty "2 out of three ain't bad" & "there are worse ways to get raped" combo.
Chances of success 100%.

*as long as I forget that my filthy fiat transactions cost me exactly nothing, as long as I use my high-techy "bovine leather" wallet & newfangled money called cash.

[AlexGR]

Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.

The trusty "2 out of three ain't bad" & "there are worse ways to get raped" combo.
Chances of success 100%.

I could say the same for paypal, only it's far worse.

Around 3 out 4 times, I've clicked "withdraw" to my bank, they had to do a "routine check" that would unfortunately delay my funds for at least 1 working day. Oooops. Do you feel lucky clicking "withdraw"? You never know what you gonna get. And the problem is not whether you'll be included in one or two or three 10minute blocks, but entire days to get your money.

[ahpku]

Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.

The trusty "2 out of three ain't bad" & "there are worse ways to get raped" combo.
Chances of success 100%.

I could say the same for paypal, only it's far worse.

If PayPal lied about having no fees, you'd have an great point. As it stands ...say what?

Around 3 out 4 times, I've clicked "withdraw" to my bank, they had to do a "routine check" that would unfortunately delay my funds for at least 1 working day. Oooops. Do you feel lucky clicking "withdraw"? You never know what you gonna get. And the problem is not whether you'll be included in one or two or three 10minute blocks, but entire days to get your money.

I don't use PayPal. Neither should you, since you clearly don't like it. Stop bitching & vote with your feet.
I use a CC. It lets me buy shit instantly, with money I don't even give them 'til a month later = free loan.
Oh, and they do let me charge back, if some righteous bro sends me a brick instead of the laptop I paid for

[Andre#]

"The bitcoin magic is losing its Midas touch"

http://www.ft.com/intl/cms/s/0/12e155dc-e5e4-11e5-a09b-1f8b0d268c39.html#axzz42RUXb7gx

"As bitcoin has become more successful, it has also become potentially more lucrative. Ideology is giving way to fights over who gets what. And it turns out that libertarians are not very good at figuring out how to resolve these political clashes.

As these fights become more publicly visible, they will hurt bitcoin outside its core base of enthusiasts. The advocates of bitcoin got one thing absolutely right. Money is a confidence trick, a form of “frozen desire”, as the writer James Buchan describes it. We only believe in it because everyone else believes in it. So if bitcoin believers believed hard enough, and convinced other people to believe, they had a shot at making it generally accepted.

That is now going to be far harder. The apparent value of bitcoin depends on a suspension of disbelief. It is hard to see how the illusion can work when the magicians are punching each other out on stage."

[adamstgBit]

"The bitcoin magic is losing its Midas touch"

http://www.ft.com/intl/cms/s/0/12e155dc-e5e4-11e5-a09b-1f8b0d268c39.html#axzz42RUXb7gx

"As bitcoin has become more successful, it has also become potentially more lucrative. Ideology is giving way to fights over who gets what. And it turns out that libertarians are not very good at figuring out how to resolve these political clashes.

As these fights become more publicly visible, they will hurt bitcoin outside its core base of enthusiasts. The advocates of bitcoin got one thing absolutely right. Money is a confidence trick, a form of “frozen desire”, as the writer James Buchan describes it. We only believe in it because everyone else believes in it. So if bitcoin believers believed hard enough, and convinced other people to believe, they had a shot at making it generally accepted.

That is now going to be far harder. The apparent value of bitcoin depends on a suspension of disbelief. It is hard to see how the illusion can work when the magicians are punching each other out on stage."

unlike fiat, there is NO "illusion" that needs to take place.

we have sound cryptographic principles securing our paper wallets

let the fighting continue!

we'll be fine...

[ahpku]

...
unlike fiat, there is NO "illusion" that needs to take place.

Other than the one about 1/21millionth of nothing being worth money, because ...well, there's only 21 million of it, you mean?

we'll be fine...

Hehehehe

[AlexGR]

I don't use PayPal. Neither should you, since you clearly don't like it. Stop bitching & vote with your feet.
I use a CC. It lets me buy shit instantly, with money I don't even give them 'til a month later = free loan.
Oh, and they do let me charge back, if some righteous bro sends me a brick instead of the laptop I paid for

I'm talking about receiving payments. CC's are kind of one-way (you just pay with them, you are not getting paid). Paypal is two-way.

Receiving payments *is* free and practically non-reversible with BTC, post a few confs.

On the other hand, if you are a merchant, you have huge issues with chargebacks, "tickets" (freezing the tx funds), fees etc. All these don't exist with bitcoin. It's in a class of its own.

[aztecminer]

Can you believe how many chumps we roped in with false advertising?

...

it is a pretty decent scheme .

[ahpku]

I don't use PayPal. Neither should you, since you clearly don't like it. Stop bitching & vote with your feet.
I use a CC. It lets me buy shit instantly, with money I don't even give them 'til a month later = free loan.
Oh, and they do let me charge back, if some righteous bro sends me a brick instead of the laptop I paid for

I'm talking about receiving payments. CC's are kind of one-way (you just pay with them, you are not getting paid). Paypal is two-way.

Receiving payments *is* free and practically non-reversible with BTC, post a few confs.

On the other hand, if you are a merchant, you have huge issues with chargebacks, "tickets" (freezing the tx funds), fees etc. All these don't exist with bitcoin. It's in a class of its own.

Are you a merchant? Why in the world do you use PayPal?! Stop. Use bitcoins. Because no chargeback.

The merchants I know personally don't use PayPal. They use Money 2.0, whimsically name "cash."
-No chargebacks.
-No fees, for buyer or seller.
-Instant.
-Requires no fancy hardware, internet connections, or knowledge of scripting languages.
-A child can use it.
-Accepted everywhere, as opposed to just some creepy run-down headshop crosstown, run by a neckbeard.
-Unlike Bitcoin, I don't need to buy it at ridiculously inflated rates from some douche who'll try to rob me.
After raping me behind some "safe" meetup location, i.e. dumpster, that is.

Please understand that internet commerce between individuals is a risky thing, and would be nearly impossible without payment providers to do conflict resolution. That's what you're paying money for. All the time I've dealt with PayPal, I had no problems with chargebacks. Possibly because I don't deal with the same class of people you do.

[adamstgBit]

...
unlike fiat, there is NO "illusion" that needs to take place.

Other than the one about 1/21millionth of nothing being worth money, because ...well, there's only 21 million of it, you mean?

the 21million coin limit is not an illusion.

neither are my bids

[AlexGR]

The merchants I know personally don't use PayPal. They use Money 2.0, whimsically name "cash."

It works for the local grocery, gas station and hardware store. It doesn't work for e-commerce and buying or selling stuff online.

[ahpku]

...
unlike fiat, there is NO "illusion" that needs to take place.

Other than the one about 1/21millionth of nothing being worth money, because ...well, there's only 21 million of it, you mean?

the 21million coin limit is not an illusion.

No. But 1BTC (1/21millionth of nothing) somehow being worth something (possibly due to the limited supply?) is.

[ahpku]

The merchants I know personally don't use PayPal. They use Money 2.0, whimsically name "cash."

It works for the local grocery, gas station and hardware store. It doesn't work for e-commerce and buying or selling stuff online.

Well, Bitcoin certainly doesn't work in 99% of the places online either, so there's that. Besides, I either have to buy it online (and pay fees), or buy it behind some dumpster (localbitcoin) and pay a usurious premium.
My CC, OTOH, works just fine online. As does my debit card. As do checks.

Protip: Start using Bitcoin for your online merchanting needs. It's way better than PayPal, so just do it.
Thanks to people like yourself, PayPal is doing great, while Bitcoin? Not so much

[ChartBuddy]

Coin



Explanation

[hdbuck]

is this a buttcoin thread now?

[becoin]

I use a CC. It lets me buy shit instantly, with money I don't even give them 'til a month later = free loan.
Oh, and they do let me charge back, if some righteous bro sends me a brick instead of the laptop I paid for

Dollar cultists are pathetic. Go suck a cock and be happy if paid with cc.

[conspirosphere.tk]

*as long as I forget that my filthy fiat transactions cost me exactly nothing, as long as I use my high-techy "bovine leather" wallet & newfangled money called cash.

Try to wire some fiat abroad and come back to tell us how free it was.