serje
Legendary
 Offline
Activity: 1232
Merit: 1002
|
 |
October 18, 2014, 07:39:01 PM |
|
good points !
Bitcoin would not have had this problem.. an interesting story too
i wonder what his credit limit is ?
It doesn't matter what his limit is ... the card was denied because he didn't used it, and if you don't use your credit card the bank can't charge you ... on a credit card you don't have your money you have banks money ... In my country there was a promotion to get a credit card and if you make purchases of around 5000 euros you would get 500 back only if you pay back before 29 days witch is pretty impossible if you don't have some economy account with more than 5000 .... so a friend went to the bank and applied for the card because he was renovating his home and thought 500 euros will be good, but guess what ... they denied his request telling him that his isn't qualifying for the card. Wanna know the real reason? He has an economy account of 30.000 euros at that bank!!!! Fuck banks!!! |
Space for rent if its still trending
|
|
|
|
|
|
|
|
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
brian_23452
|
|
October 18, 2014, 08:02:23 PM |
|
You do realize that a credit card isn't currency at all? "when you trust bankers with your money..." It isn't your money, it's the banks. It's a loan. With no collateral. You can't do that with bitcoin at all, so how are these two things even remotely comparable? |
|
|
|
|
keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
|
|
October 18, 2014, 08:26:04 PM |
|
Obama has bad credit. Confirmed.
|
|
|
|
|
|
oblivi
|
|
October 18, 2014, 09:28:30 PM |
|
The problem with Bitcoin is, asuming you are clever enough to not carry big quantities of BTC in your smartphone or in general around, you'll deposit there (from your main wallet at home) the money you are going to spend for the day. Say you go to a restaurant and go with 0.3 to pay for it. Say the restaurant its 2 hours away from home. Now, imagine during these 2 hours, there is one of these random ass price crashes/rises that happen all the time with Bitcoin. If the price goes down, you may not be able to pay for it. It's a pain in the ass to use something as volatile to do everyday expenses.
|
|
|
|
|
kimchi64
Newbie
Offline
Activity: 19
Merit: 0
|
|
October 18, 2014, 09:51:10 PM |
|
@oblivi
agreed, even if you do tend to use decentralized currency as money you rely on, as more countries begin to start accepting bitcoin as a currency, bitcoin prices are going to drop
|
|
|
|
|
CoinTraders.club
Newbie
Offline
Activity: 11
Merit: 0
|
|
October 19, 2014, 01:29:19 AM |
|
Unfortunately, the general public will not see this issue as a reason to adopt Bitcoins.
Banks have mechanisms in place that protect card holders from fraud and theft, as well as to protect themselves.
This was more of a "Blooper" caused by the bank's policies, rather than a show of control over the President's finances.
I do agree that mistakes like this one would not happen with Bitcoins, however, the rest of the world would not care to pay attention to that.
Keep in mind though... If a thief/hacker spends/steals your Bitcoins, you have basically no protection that would hold the thief accountable.
Your Bitcoins are gone, and no one is going to get them back for you.
While with Banks/Credit cards, there are spending limits, possible reversal of transactions, the thief can be more easily tracked, etc...
People in general, feel safer knowing that their money is being "Protected" by some higher authority, with Banks/Credit Cards.
I'm just pointing out that the Bitcoin community still needs to do a lot more, to be able to convince regular people that Bitcoins are a safer and smarter alternative.
|
|
|
|
|
|
leannemckim46
|
|
October 19, 2014, 01:31:02 AM |
|
Someone should tell Obama to switch to xapo credit card powered by BTC
|
|
|
|
|
kingscrown
|
|
October 19, 2014, 01:32:37 AM |
|
wore if obama forgot his wallet encryption PW  |
|
|
|
frankenmint
Legendary
Offline
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
|
|
October 19, 2014, 01:34:42 AM |
|
I understand why it happened - this probably happens more often than the media gives credit for to celebrities. I suppose the question to ask is: "Is it fair that a celebrity or public figure whose identity be subjugated to having to prep a merchant processor that they are going to be buying goods services in advance to prove that they are not an impostor?"
I think its not fair.
|
|
|
|
|
leannemckim46
|
|
October 19, 2014, 01:35:09 AM |
|
wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it  |
|
|
|
bitcoinaarush
Newbie
Offline
Activity: 26
Merit: 0
|
|
October 19, 2014, 03:18:51 AM |
|
wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it LOL... So who do you think is the most powerful, NSA or CIA? In terms of hacking |
|
|
|
|
|
stellar69
|
|
October 19, 2014, 03:51:15 AM |
|
Republican bankers NEWS FLASH : OBAMA NOW USES BITCOIN AT RESTAURANTS |
|
|
|
|
|
stellar69
|
|
October 19, 2014, 03:53:23 AM |
|
wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it LOL... So who do you think is the most powerful, NSA or CIA? In terms of hacking wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it LOL... So who do you think is the most powerful, NSA or CIA? In terms of hacking Both are full of shit. They dont know hacking |
|
|
|
|
|
brian_23452
|
|
October 19, 2014, 04:15:46 AM |
|
wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it LOL... So who do you think is the most powerful, NSA or CIA? In terms of hacking wore if obama forgot his wallet encryption PW Don't you think NSA cant hack it LOL... So who do you think is the most powerful, NSA or CIA? In terms of hacking Both are full of shit. They dont know hacking  |
|
|
|
|
Jacobit
Member
Offline
Activity: 72
Merit: 10
|
|
October 19, 2014, 05:21:22 AM |
|
Obama has bad credit . Confirmed. |
|
|
|
|
|
stellar69
|
|
October 19, 2014, 05:37:11 AM |
|
Obama has bad credit . Confirmed. Obama is a loan defaulter |
|
|
|
|
countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
|
|
October 19, 2014, 09:19:51 AM |
|
This depends a lot on how a bank uses its profiling software. I have a card in my pocket which I haven't used for about 6 months, because I'm not in the right part of the world to use it, but I'm confident it will work when I'll work when I'll be back in the country it was issued.
I believe American banks don't want to take risks. When their software suddenly see a big transaction from a card which has been unused for a while, it blocks the deal without giving it a second thought. Swiss banks aren't like that.
|
I used to be a citizen and a taxpayer. Those days are long gone.
|
|
|
doubleredrolex
Full Member
Offline
Activity: 211
Merit: 100
I Believe
|
|
October 20, 2014, 05:03:31 AM |
|
Obama is using credit card, really? Our politicians never pay for anything. They even get paid for eating there.  Im sure your tax dollars go to cover the bill at the end of the month. |
|
|
|
|
|
Q7
|
|
October 20, 2014, 12:09:08 PM |
|
At least one good thing about bitcoin is that it don't let you spend money in advance. People get into debts with credit card so i don't see that going to happen with bitcoin. It will be a selling point on 'advantage of using btc'
|
|
|
|
CoinTraders.club
Newbie
Offline
Activity: 11
Merit: 0
|
|
October 20, 2014, 01:53:32 PM |
|
At least one good thing about bitcoin is that it don't let you spend money in advance. People get into debts with credit card so i don't see that going to happen with bitcoin. It will be a selling point on 'advantage of using btc'
That's a good point. I always preferred using Debit Cards. I've never owned a Credit Card in my life, only Debit Cards, so I can't spend money that I don't have. Unfortunately though, the majority of cardholders worldwide are still using Credit Cards over Debit Cards (even though this is slowly changing). So this probably won't appear to be an "Advantage" to most of them. Most people are willing to "gamble", spending money they don't yet have, to satisfy instant gratification, because they feel that they need "this and that" right NOW. They may see Bitcoins as a "Limitation" to freely spending and "enjoying" their lives the way they want to. Only the more responsible portion of the population, will appreciate this Advantage of Bitcoins. |
|
|
|
|
|
