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Author Topic: The Scary future of BitCoins - the Death?  (Read 6564 times)
Jomppe
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February 24, 2014, 11:13:16 PM
 #61

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

this thread is awful and should have ended after this post

+1

It seems that the OP is clearly all-in on WDC. Although, the OP should clearly show that by adjusting his siggy...


atm, I will say OP is so lucky, considering the alternative between he lose half value in WDC or his money and coin stuck in gox.

Actually WorldCoin community is feeling a lot of empathy towards people who lost money in Mt. Gox.
We were expecting also Scharmbeck taking WDC to 0.077 quite fast, however Scharmbeck made more or less the same thing Mt. Gox did to BTC community.
Now we need to waite somebody comes to make us WDC/USD exchange. This will make WDC price skyrocketing because people know where is the value.
WorldCoin price seem to be stabilized and yes, there is a lot of volatility - but I guess people in BitCoin community has also used to a lot of volatility. These low prices just makes WDC even more appealing.  Grin
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February 25, 2014, 12:04:19 AM
 #62

BitCoin's transaction times are too long. Credit Cards still works faster, and the store knows they have received an authorization right away. No one is going to want to wait around for 10 minutes while a transaction waits to be confirmed.

I own Bitcoin, so I do not want it to die however it's just to slow.

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February 25, 2014, 12:42:20 AM
 #63

BitCoin's transaction times are too long. Credit Cards still works faster, and the store knows they have received an authorization right away. No one is going to want to wait around for 10 minutes while a transaction waits to be confirmed.

I own Bitcoin, so I do not want it to die however it's just to slow.

Vendors can take unconfirmed transactions if they choose to do so.   Also with credit cards, the buyer can perform chargebacks, and credit cards are just as likely (if not more likely) to get stolen.

I have always said that litecoin could end up being the crypto that is used for day to day purchases because the confirmation times are faster, while bitcoin can be used to store value, or make larger purchases (where waiting doesn't matter)...
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