Bitcoin Forum
December 09, 2016, 04:15:05 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Blood in the Streets  (Read 1981 times)
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
September 07, 2011, 01:31:09 AM
 #21

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

This would make sense since there's no cost associated with taking bitcoins like with a merchant account.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
1481256905
Hero Member
*
Offline Offline

Posts: 1481256905

View Profile Personal Message (Offline)

Ignore
1481256905
Reply with quote  #2

1481256905
Report to moderator
1481256905
Hero Member
*
Offline Offline

Posts: 1481256905

View Profile Personal Message (Offline)

Ignore
1481256905
Reply with quote  #2

1481256905
Report to moderator
1481256905
Hero Member
*
Offline Offline

Posts: 1481256905

View Profile Personal Message (Offline)

Ignore
1481256905
Reply with quote  #2

1481256905
Report to moderator
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Synaptic
Member
**
Offline Offline

Activity: 84


View Profile
September 07, 2011, 01:32:32 AM
 #22

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

This would make sense since there's no cost associated with taking bitcoins like with a merchant account.

YA GUYS, BUT BUT, I'M TAKING A RISK AND HELPING TO BOOTSTRAP THE ECONOMY OF THE FUTURE.
RandyFolds
Sr. Member
****
Offline Offline

Activity: 434



View Profile
September 07, 2011, 02:44:11 AM
 #23

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

This would make sense since there's no cost associated with taking bitcoins like with a merchant account.

Well, there is the COMPLETE bullshit practice of the exchanges double tapping the funds on both sides of the exchange. Why anyone would submit to this ass-raping is beyond me. I will delete my fucking coins before an exchange gets a piece of both sides of them.

▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
▓▓ ONEDICE.ME ▓▓▓▓▓ BEST DICE EXPERIENCE ▓▓▓▓ PLAY OR INVEST ▓▓▓▓▓▓
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
Minsc
Full Member
***
Offline Offline

Activity: 210


View Profile
September 07, 2011, 02:47:26 AM
 #24

Well, there is the COMPLETE bullshit practice of the exchanges double tapping the funds on both sides of the exchange. Why anyone would submit to this ass-raping is beyond me. I will delete my fucking coins before an exchange gets a piece of both sides of them.

And then there's all these tradebots.  Who runs them, Mt. Gox?  I don't know how they make a profit trading right near the edge of transactions unless they have no transaction fees, so probably Mt. Gox is doing it.



1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
critmass
Jr. Member
*
Offline Offline

Activity: 42


View Profile
September 07, 2011, 04:43:50 PM
 #25

I heard that someone was trying to build a bitcoin vending machine on an arduino forum.  That would definitely help the bitcoin economy.
Jixtreme
Full Member
***
Offline Offline

Activity: 121


View Profile
September 07, 2011, 04:51:54 PM
 #26

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

I do this.

I give a 10% discount for those who pay for my services (custom MS Excel tools, utilities, forms, VBA-stuffs, etc.) w/ Bitcoin.

Unfortunately, none of them have heard of Bitcoin.

-Jix
Synaptic
Member
**
Offline Offline

Activity: 84


View Profile
September 07, 2011, 05:46:13 PM
 #27

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

I do this.

I give a 10% discount for those who pay for my services (custom MS Excel tools, utilities, forms, VBA-stuffs, etc.) w/ Bitcoin.

Unfortunately, none of them have heard of Bitcoin.

-Jix

Services are much different than tangible products, and tangible products are where the real market is.
critmass
Jr. Member
*
Offline Offline

Activity: 42


View Profile
September 07, 2011, 06:25:21 PM
 #28


Services are much different than tangible products, and tangible products are where the real market is.
an export is an export
Jixtreme
Full Member
***
Offline Offline

Activity: 121


View Profile
September 07, 2011, 07:09:52 PM
 #29

Services are much different than tangible products, and tangible products are where the real market is.

Even tangible products are services. When I buy an ear of corn, I'm paying for someone else to plant seeds, irrigate, fertilize, and harvest... and then for someone else to drive it to a convenient location. Sure, there are some commodity prices involved, (seeds, fuel, etc) but when you trace it back, what you're really paying for is mostly services.

That's not to say discrete services aren't valueable in their own right. I end up designing a lot of data-entry forms for people who hire idiots who type "New York" or "Mew York" or "NY". The few hours I spend creating a standardized data entry form saves countless hours of data normalization down the road, and those dollars saved can be utilized in other ways...
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!