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Author Topic: Sell me this bitcoin.... (Wolf of Wallstreet)  (Read 1247 times)
mayax
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January 15, 2015, 05:06:31 AM
 #21

it was made by someone who owned a good percentage of the original digits and it was made for fools(without demographic area). Smiley

"you live in Congo? OK! do you have money? yes, I have. good !!!! give it to me and i will send you some "bitcoin".
you will be like "us", libertarians "
 Smiley)

then and "fool" has asked :

"what will I do with it?" the answer was "mmm, nothing but find others like you, "fools" and sell them your bitcoin for more money than I sold it to you
"  Grin
 
Then, by telling his story, this individual (it can be any kind from Ukraine or Russian) created demand for all of the digits. The dollar-value of his share of the bitcoins appreciates with the other digits.


BitCoinNutJob
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January 15, 2015, 07:23:32 AM
 #22


Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time.  I can pay with something via paypal or credit card in a few seconds, instantly.


Its instant for most transactions isnt it? no confirms needed with most payments?
flipstyle (OP)
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January 15, 2015, 08:32:48 AM
 #23


Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time.  I can pay with something via paypal or credit card in a few seconds, instantly.


Its instant for most transactions isnt it? no confirms needed with most payments?

Very few merchants will accept a 0 confirmation payment, due to the possibility of double spending.  I believe the first confirmation typically takes around 5 minutes or so, and 3 more or takes around 15 minutes, on average.
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