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Author Topic: watch out Paypal ... Square accepts bitcoin now  (Read 2975 times)
BTCtrader71 (OP)
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April 01, 2014, 06:52:00 PM
 #41

1)  My debit card doesn't cost me anything to use.  Buying Bitcoin costs me 1% or more to get and that's if the price hasn't crashed by the time it clears Coinbase.  So, accepting all that risk, paying more and maybe getting a discount, is a non-starter.   

Suppose you are on vacation or are doing business internationally. How much does it cost to exchange your local currency into a foreign currency? I don't actually know the answer to that but I would imagine it is at least 1%.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 01, 2014, 10:50:37 PM
 #42

Suppose you are on vacation or are doing business internationally. How much does it cost to exchange your local currency into a foreign currency? I don't actually know the answer to that but I would imagine it is at least 1%.

Tell me about it! Travel (even domestic) with a credit card is a major pain. Since credit cards are so insecure, the credit card companies panic every time you travel. My cards get frozen nearly every time I travel more than 100 miles from home.

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