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franky1
Legendary
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Activity: 4214
Merit: 4475
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June 03, 2018, 02:31:34 PM |
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but BTC did crash. 2013 leveldb bug..
in 2013 btc merchants literally stopped trading/accepting payments for hours, and worried about risks of double spending and if things would ever go back to normal.. (it eventually did go back to normal hours later.. but lets not pretend the event didnt happen)
i personally have a large hoard of coin from as far back as 2012. so dont get me wrong when i point out the reality.
but trying to use an event and then over promoting btc and underpromising it with lies wont actually make people trust or desire btc.
its far better to be brutally honest and get people who see the benefits of it. than to be shady and misrepresent it
i see many times thos that over promote btc are usually the ones waiting for their time to exit btc and run back to fiat in profit. not caring for the longevity/features/benefit of btc. and only looking for fiat profit. whih doubles the shady nonsense approach they try
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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KingScorpio
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June 03, 2018, 05:35:59 PM |
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VISA suddenly collapsed...BTC has never crashed.. The era of digital money is approaching? BTC go to moon?  bitcoins ill is that its a vampire, sucking on the energy production |
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squallw
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June 03, 2018, 05:45:42 PM |
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Bitcoin can't replace credit card now. There are issues like, scalability, confirmations time, transaction fees.
So no one is accepting bitcoin as payment, price is too volatile.
Maybe lighting network can help but im not sure if it could solve all the issues about it.
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coinadon
Newbie
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Activity: 98
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June 03, 2018, 05:50:00 PM |
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it may be too far to compare visa collapse rather than btc crash. and too early to pair them. maybe for a few more years you will find the right answer for your statement.
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LeGaulois
Copper Member
Legendary
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Activity: 2870
Merit: 4095
Top Crypto Casino
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June 03, 2018, 05:56:48 PM |
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Bitcoin can't replace credit card now. There are issues like, scalability, confirmations time, transaction fees.
So no one is accepting bitcoin as payment, price is too volatile.
Maybe lighting network can help but im not sure if it could solve all the issues about it.
There are over 100,000 merchants accepting Bitcoin and it keeps growing. How is it no one is accepting bitcoin"? Volatility price is not even an excuse, because they can get the bitcoins converted to fiat automatically. Visa also as fees by the way. |
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leonair
Sr. Member
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Activity: 1232
Merit: 390
★Bitvest.io★ Play Plinko or Invest!
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June 03, 2018, 05:58:33 PM |
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VISA already set its capability to ease the payment of people around the world since it was made and with that it really help in good terms so I don't think that it will collapse soon because it still working just fine and the number people that is still using it are way many compare to Bitcoin.
I believe in the future of Bitcoin as a payment but it was not meant to destroy or even collapse other payment platforms, let the best payment platform rule in the future for the betterment of mankind.
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ivakar
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June 03, 2018, 06:00:42 PM |
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well visa is a very huge company, same as mastercard, I think these sudden problems would be fixed very soon and it will continue to operate normally,. this company is too big to fall, right?
as for bitcoin, this is really not the same case and I do not how it could be compared with visa.. they are really different.
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Peetxvg1
Newbie
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Activity: 17
Merit: 0
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June 03, 2018, 06:05:37 PM |
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In case, that btc using the same number of people like the visa, btc would by collapse too. well visa is a very huge company, same as mastercard, I think these sudden problems would be fixed very soon and it will continue to operate normally,. this company is too big to fall, right?
as for bitcoin, this is really not the same case and I do not how it could be compared with visa.. they are really different.
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so_stupid
Full Member
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Activity: 448
Merit: 103
Bitgesell (BGL) Decentralized Cryptocurrency!
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June 03, 2018, 06:15:23 PM |
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Well. Extra confirmation that there is no ideal system. Even a time-tested VISA payment system fails ))
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Your Point Is Invalid
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June 03, 2018, 06:53:27 PM |
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Bitcoin can't replace credit card now. There are issues like, scalability, confirmations time, transaction fees.
So no one is accepting bitcoin as payment, price is too volatile.
Maybe lighting network can help but im not sure if it could solve all the issues about it.
Lightening network can only solve the transaction confirmation speed problem but until bitcoin's price is stable, which quite possible will never happen, we wont see mass adoption. Imagine if a business collects $200,000.00 at the start of the week and at the end of the week, its only worth $150,000.00 .losses like that can kill businesses. |
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LeGaulois
Copper Member
Legendary
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Activity: 2870
Merit: 4095
Top Crypto Casino
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June 03, 2018, 07:29:09 PM |
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Bitcoin can't replace credit card now. There are issues like, scalability, confirmations time, transaction fees.
So no one is accepting bitcoin as payment, price is too volatile.
Maybe lighting network can help but im not sure if it could solve all the issues about it.
Lightening network can only solve the transaction confirmation speed problem but until bitcoin's price is stable, which quite possible will never happen, we wont see mass adoption. Imagine if a business collects $200,000.00 at the start of the week and at the end of the week, its only worth $150,000.00 .losses like that can kill businesses. Businesses don't create a crap ICO to collect money. And businesses work with fiats. How do you want a business pays the taxes, offices, workers with cryptos. They borrow money to the banks and refund the funds within 10-20 years, or they already have the funds. Crowdfunding is not so much used but imagine if every new company has to start an ICO to collect funds..... |
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Maestro75
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June 03, 2018, 07:41:41 PM |
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VISA suddenly collapsed...BTC has never crashed..
The era of digital money is approaching? BTC go to moon?
Are you happy that Visa is having issues with transactions going through that you quickly are shouting it has collapsed? Your thinking that bitcoin has not collapsed before is not true. How do you define what happened to bitcoin that it fell from $19,500+ to around $6000 some few months ago, if not collapse. What about when bitcoin confirmations were delayed? Bitcoin also has its own issues too. |
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ViceOfBTC21
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June 03, 2018, 07:45:47 PM |
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Well, my mum had problem at shop to use VISA card. So I agree it will speed up the development of Lightning Network by getting new developers, but it must be really carefully made software which is easy to use and secure for average user. The barriers for financial software are really, really, but really high.
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pixie85
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June 03, 2018, 08:27:49 PM |
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bitcoins ill is that its a vampire, sucking on the energy production
Would you rather allow scientists to suck on that instead? Check how much experiments in physics like the particle colliders are using and their research doesn't seem to lead anywhere. Let's be honest here Bitcoin is using energy but so are other things. Energy is meant to be sucked as it can't be stored efficiently. Also, my visa is working fine. |
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bitbollo
Legendary
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Activity: 3248
Merit: 3499
Nec Recisa Recedit
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June 03, 2018, 08:54:22 PM |
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VISA suddenly collapsed...BTC has never crashed.. The era of digital money is approaching? BTC go to moon? Visa collapse is likely a big exchange or service related to btc that collapse. I think is not the same of a whole collapse. Otherwise as franky1 reported in the past there was some situation where only transaction with more confirmations have been accepted. Unless we get more and more btc atm we need service offered by credit card company to cashout crypto to fiat. |
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jjacob
Legendary
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Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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June 03, 2018, 09:03:01 PM |
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VISA suddenly collapsed...BTC has never crashed.. The era of digital money is approaching? BTC go to moon? Visa is digital money too, but the fact that it is centralized is the problem. I would say that the era of decentralized currencies is approaching. This might just be a hiccup for Visa and may be rectified soon, but it is an illustration of the problems that are possible for these centralized organizations. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 03, 2018, 09:05:18 PM |
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I'd call it more of a burp than a collapse. It lasted a handful of hours and many people were still able to use cash machines. It looks like it was more of a POS terminal problem which was rapidly sorted.
But hey, let's have more of that 'Bitcoin user unaffected' crowing which makes no sense to me.
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Slark
Legendary
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Activity: 1862
Merit: 1004
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June 03, 2018, 09:20:37 PM |
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No the first time not the last. Visa and other payment processors had many downtimes in the past.
Then never made people doubt them to the point of choosing Bitcoin over standard card payments.
I don't think society at this point is capable of changing the way of thinking about how we use our money.
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hakertajniak
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Activity: 504
Merit: 10
YOUC | John McAfee Supports
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June 04, 2018, 03:03:58 AM |
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VISA suddenly collapsed...BTC has never crashed.. The era of digital money is approaching? BTC go to moon? Maybe VISA have some reason for the disruption occurred. BTC is not collapsed because everyone prefer the decentralized currency. many already use bitcoin for various purpose. There is no way for bitcoin to collapsed as long as many peoples use it and believe in btc. |
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