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Started By
Message
re: Bitstamp Halts Withdrawls
Posted on 2/11/14 at 9:45 pm to joshnorris14
Posted on 2/11/14 at 9:45 pm to joshnorris14
Wiki has posted so much that has turned out to be wrong why should I take his word for anything?
Besides that btc-e message board has proven to be very accurate in explaining events related to btc crashes. I'll read something there and a few hours later the same information shows up on a news source. Maybe you should read it.
Besides that btc-e message board has proven to be very accurate in explaining events related to btc crashes. I'll read something there and a few hours later the same information shows up on a news source. Maybe you should read it.
1
Posted on 2/11/14 at 10:09 pm to LSURussian
quote:
Besides that btc-e message board has proven to be very accurate in explaining events related to btc crashes. I'll read something there and a few hours later the same information shows up on a news source. Maybe you should read it.
You'd be better off looking at r/bitcoin.
The Trollbox
Posted on 2/11/14 at 10:46 pm to joshnorris14
Why would I want to read bitcoin propaganda? I'll stick to the real world. Thanks anyway.
Posted on 2/11/14 at 10:50 pm to LSURussian
You should not need to defend the future. It should be known. With no faults.
Clearly, the future is upon us.
Clearly, the future is upon us.
Posted on 2/12/14 at 8:47 am to JayDeerTay84
The only thing I know about the future is that in approximately one hour, I'll have to take a dump
Posted on 2/12/14 at 9:19 am to Broke
Bringing this back to Bitcoins, when do you think you will be able to buy toilet paper with Bitcoins from a local retailer?
Posted on 2/12/14 at 9:23 am to Poodlebrain
quote:
Bringing this back to Bitcoins, when do you think you will be able to buy toilet paper with Bitcoins from a local retailer?
Who knows. But right now you can go to moneyclip, send bitcoin to the company, they convert it to US $, then they send you a gift card that you can use at a real store. Then you can buy toilet paper. So easy
Posted on 2/12/14 at 9:34 am to Broke
quote:And it's all free!!! No bitcoin service ever costs anyone anything!!
you can go to moneyclip, send bitcoin to the company, they convert it to US $, then they send you a gift card that you can use at a real store.
Posted on 2/12/14 at 9:37 am to Poodlebrain
quote:
when do you think you will be able to buy toilet paper with Bitcoins from a local retailer?
Now you're onto toilet paper? A few weeks ago you were harping on a pack of gum. When I pointed out a convenience store in Colorado that accepts it you conveniently ignored me.
Now your latest item is toilet paper? I imagine that convenience store also sells toilet paper as most do.
Or are you going to move the goalposts again and say that that retailer isn't "local" to you so it doesn't count?
Since y'all like to act like you didn't say things you actually said, here's the thread: LINK
and here's poodle's quote:
quote:
I can tell you what Wiki, and all the opther Bicoin owners, can't buy - a pack of chewing gum. I issued the challenge months ago for Wiki, and the others, to demonstrate the growing acceptability of Bitcoins as a currency. To date nobody has come forward to claim they have been able to purchase a pack of chewing gum using Bitcoins.
and here was my response:
quote:
The Cosmic Market
quote:
The Cosmic Market located at 2730 23rd Avenue, Greeley, Colorado today becomes the first Gas Station/Convenience Store to start accepting BITCOINS as payment. Using Coinbase for a bitcoin wallet and through the use of Coinbase API, the owner was able to create a simple to use bitcoin acceptance terminal that is simple to use for cashiers.
What do I win?
Posted on 2/12/14 at 9:43 am to WikiTiger
quote:Wiki, did you not catch the humor in Poodle's post about toilet paper? He was responding to Broke's post about needing to take a dump in an hour.
Now you're onto toilet paper?
Have the drugs and/or bitcoins destroyed your sense of humor?
Posted on 2/12/14 at 9:44 am to Broke
quote:
But right now you can go to moneyclip, send bitcoin to the company, they convert it to US $, then they send you a gift card that you can use at a real store
Is this really that much harder than getting a credit card through a bank?
Posted on 2/12/14 at 10:05 am to joshnorris14
quote:
Wiki has told you about the troll box multiple times, when are you going to realize it is the troll box?
It appears that 'troll box' had accurate information after all, just like I said it usually does....
quote:One hour ago
BERLIN (AP) — A freeze on Bitcoin withdrawals imposed by three major exchanges....
Bitcoin's value, which topped $1,100 in November, dropped below $630 Wednesday after the news overnight that the BTC-E and Bitstamp exchanges have stopped customers from converting their funds back into traditional currencies.
They cited an apparent technical glitch that allows fraudsters to flood exchanges with fake withdrawal requests — a problem first reported by the Mt. Gox exchange when it announced a freeze on withdrawals last week.
Posted on 2/12/14 at 10:36 am to LSURussian
I just love the word "fraudsters"
Posted on 2/12/14 at 11:09 am to WikiTiger
quote:The privilege of going to one particular merchant in Greeley, Colorado to buy your pack of gum. Not exactly convenient. When you have the ability to buy that pack of chewing gum with anything approaching convenience, you will win my concession that Bitcoins have achieved the level of acceptability to be classified as a currency.
What do I win?
I haven't moved the goalposts at all. It is you who pretends that Bitcoins have achieved some major breakthrough because an insignificant number of merchants, or in this case a single merchant, have announced they will accept Bitcoins. The truth is that Bitcoins are a novelty when it comes to conducting routine economic transactions, and they do not function as a currency by any reasonable standard.
Posted on 2/12/14 at 11:27 am to Poodlebrain
I really think he believes he's one because of that one store. Hell if there were a hundred stores I would still call it a failure of standards.
Posted on 2/12/14 at 11:51 am to Broke
The btc-e message board this morning is saying withdrawals from coinbase.com are being delayed.
That is the website wiki and josh have touted to be the "risk free" way to sell a product for bitcoin and have coinbase guarantee the exchange rate, thus removing the exchange rate risk from the merchant.
Apparently taking on other people's risk is risky......
That is the website wiki and josh have touted to be the "risk free" way to sell a product for bitcoin and have coinbase guarantee the exchange rate, thus removing the exchange rate risk from the merchant.
Apparently taking on other people's risk is risky......
Posted on 2/12/14 at 12:49 pm to LSURussian
But Wiki can travel to Greeley, Colorado and buy all of the chewing gum, and likely toilet paper too, he wants. Wiki has nothing to worry about. He is set for the future when governments are obsolete.
Posted on 2/12/14 at 12:56 pm to WikiTiger
quote:
Now you're onto toilet paper? A few weeks ago you were harping on a pack of gum. When I pointed out a convenience store in Colorado that accepts it you conveniently ignored me.
Wiki, I've got a legitimate question:
Does said store price the items in USD and then accept Bitcoin at some predetermined exchange rate, or does it use current spot prices? If the store prices the items in BTC, I'd still like to understand the back end of the question.
I'll hang up and listen...
Posted on 2/12/14 at 1:26 pm to slackster
quote:
Does said store price the items in USD and then accept Bitcoin at some predetermined exchange rate, or does it use current spot prices? If the store prices the items in BTC, I'd still like to understand the back end of the question.
The vast majority of merchants price their items in USD or in their local currency if not in the USA. They then calculate the exchange rate in real time.
To add to that, most merchants use a third party payment processor to do all this for them automatically, such as Coinbase or BitPay. Both of those companies handle all of the software side of accepting bitcoin and they also offer the merchant to receive their payment in USD or in their local currency.
For example, a company can sell a $5 item but accept bitcoins. BitPay or Coinbase will handle the issue of calculating an accurate current exchange rate and then have the user send that equivalent amount in bitcoins. They will receive the payment and then remit to the merchant $5 US dollars (daily direct deposit to the merchant's bank account).
Why would a merchant choose this option? The fees are much, much lower for them. They are typically less than 1% and can also be done for a flat monthly fee at BitPay if you don't want to pay a percentage. There are also no chargebacks possible. Credit cards typically charge anywhere from 2-4% plus the merchant has chargeback risk.
This post was edited on 2/12/14 at 1:28 pm
Posted on 2/12/14 at 1:36 pm to WikiTiger
oh, and FWIW, we already see examples of companies lowering their prices or offering other rewards to bitcoin users because the costs of processing their payments are so low.
Gyft.com offers triple rewards points on all bitcoin purchases
https://www.gyft.com/points/
and Overstock.com will be announcing a new rewards program for bitcoin users as well: LINK
Gyft.com offers triple rewards points on all bitcoin purchases
https://www.gyft.com/points/
and Overstock.com will be announcing a new rewards program for bitcoin users as well: LINK
This post was edited on 2/12/14 at 1:37 pm
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