BTC will never extend more

[marcovaldo]

suuure....
no online thief ever uncatched.
nobody ever lost a single dollar on e.g. paypal, or other services...

And even if it's refunded somebody has to pay for it (usually all the customers in form of fees), when th thief isn't catched or already used it up.
You could have a system like this with Bitcoin, too.

There is a difference between:
(1) You got robbed by someone who break into your house without any proof, and stole 100 euros.
and (2) you walked in the street, and someone stole you 100 euros out of your pocket in front of a policeman who arrested him.


In the second case, you should be refunded immediately.
If the policeman told you "I am sorry, the transaction (stealing) is irreversible, I can't do shit". It is flawled.



Eventually some stupid people got scammed with paypal (probably less than with btc considering paypal safer). But they could open a dispute, they know something about the thief. They can go to the police.


And you don't have any fees for using a bank. That's not like a bitcoin transaction. My credit card and all operations are free of charge. 

[Come-from-Beyond]

And you don't have any fees for using a bank. That's not like a bitcoin transaction. My credit card and all operations are free of charge. 

Yes. Coz banks use ur money to get more money. For Bitcoin this doesn't work.

[oblariang]

omg, such a liar

[faiza1990]

omg, such a liar

why such a liar please explain this I believe its right

[marcovaldo]

Just because you don't pay them directly does not mean they do not exist. I regularly pay significantly less for items when I do not use a credit card.

I have no idea where you live, but I have never seen in my whole life anyone paying less by cash.

[TheButterZone]

Just because you don't pay them directly does not mean they do not exist. I regularly pay significantly less for items when I do not use a credit card.

I have no idea where you live, but I have never seen in my whole life anyone paying less by cash.

Do you live in an alternate universe?

[westkybitcoins]

Just because you don't pay them directly does not mean they do not exist. I regularly pay significantly less for items when I do not use a credit card.

I have no idea where you live, but I have never seen in my whole life anyone paying less by cash.

Do you live in an alternate universe?

I first noticed a gas station (not this chain) offering this deal in Clarksville, Tennessee recently.

Discounts for cash exist, in a number of areas (think: buying a used car,) and they can be significant.

[marcovaldo]

Do you live in an alternate universe?

I don't live in a crappy country, but in Europe.
Anyway, even if we suppose that it exists somewhere in the world, it is nothing compared to the advantages of the credit card, 0% loan, cashback and bonuses every time you use it, and so on.

[westkybitcoins]

Do you live in an alternate universe?

I don't live in a crappy country, but in Europe.
Anyway, even if we suppose that it exists somewhere in the world, it is nothing compared to the advantages of the credit card, 0% loan, cashback and bonuses every time you use it, and so on.

Well, let's be honest, credit cards have advantages over bitcoin.

But cost isn't one of them, at least not collectively. It *can't* be. The consumers are paying for every benefit that credit cards provide. In fact, they're paying so much that the credit card companies can give all of those benefits and still make a hefty profit. And since bitcoin simply has fewer costs associated with it, there's no way that, collectively, bitcoin wouldn't be cheaper.

Credit card costs just aren't evenly distributed. So yes, if you're prudent and sharp, maybe you can come out ahead individually, even though it's probably a lot less of a gain than you might think. But that doesn't mean there aren't many people around you for whom credit cards are an expensive burden... not everyone can be sharp. (True, everyone *could* be prudent but I wouldn't hold my breath.)

I think it'll be interesting to see how the integration of bitcoin into M-Pesa turns out. That would be a true collective costs comparison.

[marcovaldo]

Well, let's be honest, credit cards have advantages over bitcoin.

But cost isn't one of them, at least not collectively. It *can't* be. The consumers are paying for every benefit that credit cards provide. In fact, they're paying so much that the credit card companies can give all of those benefits and still make a hefty profit. And since bitcoin simply has fewer costs associated with it, there's no way that, collectively, bitcoin wouldn't be cheaper.

Credit card costs just aren't evenly distributed. So yes, if you're prudent and sharp, maybe you can come out ahead individually, even though it's probably a lot less of a gain than you might think. But that doesn't mean there aren't many people around you for whom credit cards are an expensive burden... not everyone can be sharp. (True, everyone *could* be prudent but I wouldn't hold my breath.)

I think it'll be interesting to see how the integration of bitcoin into M-Pesa turns out. That would be a true collective costs comparison.

I disagree.

If you are a homeless guy, maybe it will be kinda difficult to get a credit card for free ... But I don't think that you can have bitcoin easily if you are homeless.
If you got some money, all most banks give you free credit cards with lots of advantages if you deposit some money to them (like 1k euros). They have conditions, but why won't you do that? You will not lose money, it will stay safe, and you have nothing to do.


With bitcoins, you have to pay the fees, but your amount of bitcoins will never increase. You have disavantages, but no avantadge to use it. There is no proof that bitcoin value will rise in the future, and coins will be created every day since we all die.

[The Bitcoin Catalog]

But I don't think that you can have bitcoin easily if you are homeless.

Seems not
http://www.wired.com/wiredenterprise/2013/09/bitcoin-homeless/

[bitdig]

If you didn't, you should watch "THE AMERICAN DREAM FILM " the truth about American banks.
https://www.youtube.com/watch?v=rMiN_i-uzpA&feature=share

[marcovaldo]

But I don't think that you can have bitcoin easily if you are homeless.

Seems not
http://www.wired.com/wiredenterprise/2013/09/bitcoin-homeless/

Lol. Did not know about that

[Darktongue]

Okay cool so I have a post I can dust my canned responce off for.  Are you fucking seriously thinking straight OP? Do you realize what you have said. .. LoL! ! Hold on..... do you realize all money is this way?  I pay cash for almost everything I buy to avoid fees.  I still get taxed.  I make a payment with btc I pay a tax to the miners. .. But hey yeah if I buy from a guy on bitmit even in state I'm not going to pay the same tax.

News flash as well.  You can pay for drugs with anything.  Includes your mangina and your first born.  Actually let's just put all that illegal jargon in this para.  Laundering money. .. ever hear of green dot cards?  Small apple shit that adds up to huge amounts are cleaned hourly. You also mentioned scams... Do you read your local paper. 

http://etv10news.com/police-apprehend-fraud-suspect/

Oh hey... was it bitcoin he had taken?  Nope but just as easy in the name of scam right? 

.Do you see a pattern?  ALL money is hard boild bullshit.  You won't find anything less out there.  But what you are experienceing is life in a nutshell with crypto.  It takes all kinds to make this world work.  Good and bad.  The difference is we cannot become the judge and jury. 

What we can do is keep beating the concept of fair trade.  Trust and hell even the over looked fact that privacy is not a right. If you fuck up here you are Marked. In some cases that's pretty heavy shit and far worse then jail.  Imagine someone today scamming you for 0.1. Then a few years down the road shit changes for that person.  New life new job.  It might not happen for them if an employer was to look at the guys history and see's he has no quarter defrauding someone.

Think about it.  It's deeper then what you think it is

[marcovaldo]

Okay cool so I have a post I can dust my canned responce off for.  Are you fucking seriously thinking straight OP? Do you realize what you have said. .. LoL! ! Hold on..... do you realize all money is this way?  I pay cash for almost everything I buy to avoid fees.  I still get taxed.  I make a payment with btc I pay a tax to the miners. .. But hey yeah if I buy from a guy on bitmit even in state I'm not going to pay the same tax.

I pay every with CC to avoid fees, get cashback, be safe, and quick
There is no way on earth you would ever be able to do that with btc, mad bro?

News flash as well.  You can pay for drugs with anything.  Includes your mangina and your first born.  Actually let's just put all that illegal jargon in this para.  Laundering money. .. ever hear of green dot cards?  Small apple shit that adds up to huge amounts are cleaned hourly. You also mentioned scams... Do you read your local paper.  

http://etv10news.com/police-apprehend-fraud-suspect/

Oh hey... was it bitcoin he had taken?  Nope but just as easy in the name of scam right?  

.Do you see a pattern?  ALL money is hard boild bullshit.  You won't find anything less out there.  But what you are experienceing is life in a nutshell with crypto.  It takes all kinds to make this world work.  Good and bad.  The difference is we cannot become the judge and jury.  

What we can do is keep beating the concept of fair trade.  Trust and hell even the over looked fact that privacy is not a right. If you fuck up here you are Marked. In some cases that's pretty heavy shit and far worse then jail.  Imagine someone today scamming you for 0.1. Then a few years down the road shit changes for that person.  New life new job.  It might not happen for them if an employer was to look at the guys history and see's he has no quarter defrauding someone.

Think about it.  It's deeper then what you think it is

Did you even ready OP?
Or are you lacking brain?

If you did not understand something, please free to chill a little bit and read it again after some time.

[phillipsjk]

I pay every with CC to avoid fees, get cashback, be safe, and quick
There is no way on earth you would ever be able to do that with btc, mad bro?

Paying with a cashback credit card gives you a 1-2% discount, but you won't avoid paying fees. The retailer has to pay those fees and the cashback premium. How do you suppose a retailer would go about recovering those fees?

I bought BTC about a month ago, and it is worth about 24% more now. That is about 14% "cashback" after my transaction costs (irreversible payments cost more to send).

[murraypaul]

Paying with a cashback credit card gives you a 1-2% discount, but you won't avoid paying fees. The retailer has to pay those fees and the cashback premium. How do you suppose a retailer would go about recovering those fees?

By increasing prices for all customers, not just credit card customers.
Therefore it makes sense to use a credit card, as you pay the same increased price, but get the extra security and cashback.

[peonminer]

No, just no. You sir, are an idiot. I mean this in the politest way possible. (OP)

[marcovaldo]

No, just no. You sir, are an idiot. I mean this in the politest way possible. (OP)

CSB.

This user is currently ignored.

[peonminer]

Hello,

Blah Blah Blah, I'm a dirty tramp.

BTC is not going to replace fiat.
BTC is not going to rule the world.
BTC was not intended to.

BTC replaces fiat DAILY, HOURLY, and by the SECOND.
BTC already RULES a LOT of the world.
BTC was not intended... Wait, who gives a fuck what it was intended for. It WORKS for thousands of applications of life around the GLOBE.