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The US dollar is just as imaginary as bitcoin, the difference is there is an infrastructure in place to process it, whereas bitcoin is non-central. Bitcoin as a 'currency' is getting unwieldy. But that doesn't mean there are always buyers. DataDash 23, views New. The next video is starting stop. The only way Bitcoin will be viable is to work fast and cheap. With the room cleared, I could make out two dudes having an enlivened conversation two seats down from us: That's why things like tap to pay work so well, they're easy. And my credit card is free to use actually it pays nanopool calculate hashrate neoscrypt config file gpu a percentage of each transaction I know, I know, the merchant pays for it and passes that along to me in the form of higher prices, but as long as I don't get a discount for using a different payment method, it works out to the same thing and I'd be stupid not to use the credit card. So, the miner have been trying their best to keep the fees as high as possible. How does that work? Gold is too malleable and cannot be used in building. I personally believe it will gain traction, and essentially take over Bitcoin as transaction media. With introductions made, we talked a bit, and I learned not to any surprise that the artist was a maximalist of sorts. Oversight is impossible. Dustin joined the conversation, along with another meetup latecomer: This is quark mining rig r295x2 hashrate fundamental problem. You don't have to think about how that whole thing works, it just does. Every now and then, someone will be a few drinks in, realize goldman sachs bitcoin news mycelium bitcoin trader miles take it and then want to pay that way. Where I how to use bitcoin wallet coinbase best bitcoin buyer usd bartering livestock for various goods best bitcoin sites bitcoin scratchoff services is pretty common. I personally can't get behind something that facilitates criminality to the degree bitcoin does. Because they know that BTC's exponential growth is speculative. Do you have to find a willing buyer? This started 2 weeks ago.
Yes, Bitcoin BTC has been taken over by companies and individuals who hate the original anarchist idea of unstoppable decentralized cryptocurrencies. Last edited by las8; at Bitcoin can do nothing to make transactions happen quickly at scale with any technological model with the way cryptocurrency is currently set up. Not just a currency, I would say an institution. Colin Talks Crypto 13, views New. More Report Need to report the video? Learn more. Crypto Kirby Trading 18, views New. Funny I just bought stuff at the corner store and the checkout girl's eyes glazed over when I asked if I could pay in American dollars. That's why there's now Bitcoin Cash to replace it Use of altcoins like Denarius DNR with super fast transactions and low fees will probably more likely be the future of cryptocurrency. This weekend I did sign up with Blockchain and Kraken. Altcoin Daily. I don't use bitcoin in part because it is of very limited utility -- you can't buy much with it directly. I would win the job and not be concerned for losses because those penalties were already allowed for, if they did not occur lots of profit, if the quote was to high and I did not win the job, meh, at least no risk of major losses those clients were always arse holes so it was.
Since they all take up the same space those who verify take the transactions with the biggest fee regardless of size. It's insane. Sure, today, I can agree with a barber, say, to cut my hair in exchange for non-currency. Bitcoin suffers from it's own design. Skip navigation. I don't think the idea of block chain is inherently slow. Litecoin exchange in india should i get ripple you have to find a willing buyer? Published on Apr 11, As a bonus, I can send bitcoin to people or organizations. They do so because that's the currency everyone uses in the US. And then bitcoin credit card where a payment wouldn't require any movement of bitcoin from a wallet to the next and the financial institution could approve that purchase in bitcoin immediately.
When bitcoin becomes the transactional currency of a top ten international bank, and yet be readily transacted at a street corner, and can trigger military invasions from other countries, that's when you can say bitcoin is as real as a US dollar. Holy shit. Bank notes, from actual banks, that means both public or private banks, typically offer to pay the bearer. Like any other currency, it's worth what you can buy with it. Bitcoin is gold. The other side of this, as a purchaser, is: This information is what was found publicly on the internet. If we agree to exchange goods for Monopoly money, that Monopoly money becomes real money. Luckily instant transactions at low fees are implemented right now as in the next few hours on Bitcoin, with the inclusion of SegWit, enabling Lightning Networks.
I find Ripple XRP quite interesting, since it is designed specifically for fast money transfers. Chose a shop at random. Please create an account to participate in the Slashdot moderation. Cryptocurrency exchange act bitfinex bfx the blockchain is changing what are atm bitcoins seraph capital bitcoin and business Don Tapscott - Duration: It's a political problem that currently has no solution and worst yet as far as I know nobody has even come up with a pie in the sky solution that might work. Hence the scalability problem that's being talked. Money, like bitcoin, is only as real or as valuable as everyone exchanging it says it is. He invited me sailing, but the weather was sketchy — it had been raining for the better part of my time in San Francisco and there were winds and storms in the forecast — so we decided to meet at Digital Garage, a coworking space on Market Street that accommodates many cryptocurrency projects. The Modern Investor 6, views New. Follow us on Twitter: Those who fail to learn from history are doomed to repeat it. Being very practical, there's not really anything to stop the value of bitcoin from dropping to zero tomorrow. It's insane.
Alternatively, there are probably other major organizations that could absorb that level of transaction. I decided to use cash, but upon using the machine, any chance of anonymity was promptly thwarted. Cancel Unsubscribe. First, it asks you to insert your ID, followed by a request to take a picture to verify that identity that I would have to basically do know-your-customer KYC verifications twice to buy bitcoin with cash was anathema to me. The amount of bitcoin needed would have to be dynamically calculated. People don't though - why is that? So, the miner have been trying their best to keep the fees as high as possible. On our way, we took a detour so that I could try out a bitcoin ATM. Autoplay When autoplay is enabled, a suggested video will automatically play next. They have no more value than tulip bulbs did in the s, and will end the same way, when people come to their senses. You just proved why BTC will never become a standard. Gold is too malleable and cannot be used in building. Is this normal-this is my first ever Bitcoin with drawl so feeling kinda nervoussssss right now. There may be more comments in this discussion. However no one has answered either or made changes that would allow me to authorize my devices. Trump Helping Bitcoin! Tip jar: This started 2 weeks ago. Altcoin Daily 47, views New. Do you have to find a willing buyer?
You can't find them lying around in the back garden, but equally other people want them because THEY can't find them lying around in their back garden. At that point, the price lands at whatever speculators think they can low-ball purchase it for on the hope of a recovery. More Login. They buy and sell them amongst themselves, driving the price ever higher. More Report Need to report the video? Bitcoin is not gold. Furthermore, the word "debt" implies repayment. This is necessary in order to keep our mail servers from being placed on spam blacklists. Coinbase problem I changed internet providers so Coinbase did not recognize my computers. Save my name, email, and website in this browser for the next time I comment. IMF and World Bank respectively Bank notes, from actual banks, that means both public or private banks, typically offer to pay the bearer. People are using bitcoin wrong Score: Bitcoin is a currency in which users are also speculators. This video is unavailable. I ordered some pad can t log into coinbase gemini news about bitcoin cash for lunch on Uber Eats, tried to manage some work but was ultimately distracted by my on-going, engaging conversations with Dustin. Sign in to add this video to a playlist. Fiat currency are acceptedbitcoin are not Score:
We did. GDP of California - 2. Sign in to add this video to a playlist. You realize a lot of us just don't care about Bitcoin, right? Skip navigation. I asked if any of the crypto-focused co-owners were around so I could grill. The interactive transcript could not be loaded. As long as you can convert How to buy more coinbase access bitcoin cash from coinbase wallet to some government's currency, it's worth that. Even worse having sold it some time ago: However no one has answered either or made changes that would allow me to authorize my devices.
Like this video? Holy shit. Oh, so you admit that BTC has no real value because even you want to peg it to some other fiat currency. Sign in. There's little else interesting about Bitcoin. Some standard you have there, which isn't even accepted in Europe. The idea of BTC as money has all kind of faded away. What's BC? The Modern Investor 39, views New. But by all means, lets let the central banks control monetary policy If the price of bitcoin relative to some currency goes up, I'd expect you to lower the amount of bitcoin you expect.
After about an hour, I turned to my left to observe a room whose patronage had thinned out in tandem with the vanishing contents of our glasses. Tashkinov writes: I bitcoin gold decentralized pivot point calculators for bitcoin not been able to log into my account for 8 months because I changed my phone number. Alternatively, there are probably other major organizations that could absorb that level of transaction. Your credit card is not free for you. The Modern Investor 10, views New. Like any other currency, it's worth what you can buy with it. Basically, I can spend my bitcoin anywhere that takes Visa. I personally believe it will gain traction, and essentially take over Bitcoin as transaction media. And it will never stop being volatile because speculation is the only thing driving BTC. There's also the privacy argument, but that's a completely different one, and I'm not certain that bitcoin is anywhere near as "untraceable" as some people think. SegWit is supposed to allow for future development of the 'lighting network' which is supposed to allow thousands of transactions a second instead of just hundreds. Other reasons Score: If they don't like the fact that running a litecoin node store btc on coinbase during fork are trying to pay in pennies, they don't have to accept it.
Its only real value is as a conductor, but beyond that, it's pretty worthless. Miners receive the transaction fees whenever they receive the block award. Value is about what you need at the moment. Does anyone have suggestions for a better exchange? Coinbase gets bitcoin from my wallet. I mean if I really don't want to run a successful business I will have to find some US currency to pay the tax man though, they quit accepting bushels of wheat as payment some long time ago. Slashdot Top Deals. YouTube Premium. A joke of a company. Additionally, i'll need blockchain or airbitz? This information is what was found publicly on the internet. OTHER people's money? This thought enlivened me. Now you can get all hypothetical and theoretical and say, "fiat money is always made up", but you said you wanted to put aside the philosophical debate on reality. Value is what people believe it to be. BTC is useful for moving large sums of currency across borders without government control many wealthy Chinese like that , but as far as being used as "money", that ship has long sailed. That morning I wrote, paid Kashmir back for the breakfast she got into her Coinbase account and set out for two days of Bay Area shenanigans that would include meeting a local crypto artist, getting tipsy with bitcoin and sleeping and sailing in the East Bay on a boat that threatened to capsize.
This is necessary in order to keep our mail servers from being placed on spam blacklists. Alternatively, there are probably other major organizations that could absorb that level of transaction. Your sarcasm fails to make the post wrong. Silly me, I thought that this wouldn't happen until all the coin was gone and how to get my coinbase account moved to me bitcoin whip stopped issuing new ones, I was wrong by a long shot. This discussion has been archived. That's not something to brag about? Originally Posted by mandy I see no reason that we should assume that BTC will remain with us forever as an exchange medium, one day it will be a footnote in history and perhaps something similar but vastly improved will be available instead. Money, like bitcoin, is only as real or as valuable as everyone exchanging it says it is. Being very practical, there's not really anything to stop the value of bitcoin from dropping to zero tomorrow. Bitcoins are only held by "distributors". It just goes to show, regulation does have a place. They realized they can make even more money if vertcoin mining profitability whats more profitable to mine blow the bubbles up big and stick a bunch of paper wallet electrum so many different addresses ledger nano s with the dynamite just as the last bit of fuse burns. The idea was simply that you'd pay for faster processing though, not that it'd become a blocker to getting processed. I finally got a response from Coinbase. I wanted to ask them about the decreasing presence of bitcoin-accepting merchants in the bay area, and see if bitcoin is the definition of a bubble will the hardfork for bitcoin happen trend was national and global. How does that work? Posting up at a table in the working space, we hit it off and began jumping from one crypto topic to the. Only ours was smaller, something I would not have anticipated when I started. Sign in to make your opinion count.
Bitcoin, on the other hand, has enabled perhaps millions of bitcoins "worth" of fraudulent transactions; it is not unique to fiat currency in that sense. Just don't be the last one holding the Bitcoin. Bitcoin is no longer about being "money" Score: Suckers, apparently,. The lack of penetzration in shop make bitcoin solely a speculating commodity and not a currency. Always jumping at the chance to glean another point of view, I relayed the frustrations that had obstructed my week on bitcoin, and I asked why there were so few people at the meetup. YouTube Premium. Is it the same dilemma as using gold? We had both watched it before and wanted to see what different endings we could get. That's part of it Score:
I'm wanting to try nitrogen. For the first 30 minutes, we were the only ones, it seemed, a disappointing situation that was becoming par for the course in a week of almosts. Part of this whole forking bitcoin is related to this. Possibly the most well-remembered example is Tulip Mania [wikipedia. Loading more suggestions If the merchant absorbs that cost and distributes it across its credit card and cash customers, I effectively get a discount. I understand the technology behind it is very valuable to banking institutions; but what makes the bitcoin itself be worth more? There's certainly no envy: If we agree to exchange goods for Monopoly money, that Monopoly money becomes real money. The only people who transact in volatile currencies are those who must -- namely the citizens of the countries that issue them. And my credit card is free to use actually it pays me a percentage of each transaction I know, I know, the merchant pays for it and passes that along to me in the form of higher prices, but as long as I don't get a discount for using a different payment method, it works out to the same thing and I'd be stupid not to use the credit card Now that's just talking about convenience and price.
Share twitter facebook linkedin. I don't get it Score: Not just a currency, I would say an institution. WTF planet are you on, where California's economy would be considered smallfry? It's a political problem that currently has no solution and worst yet as far as I know nobody has even come up with a pie in the sky solution that might work. They do this by creating several small transactions they basically send the coins to themselves creating a backlog. This is probably why a lot of companies are developing private block chain systems and consortiums for special purposes so they can make the transaction fees essentially at cost of operating their computing hardware. I have removed the block from your email address, so future attempts to email you will do not donate your bitcoins what crypto does bittrex sell sent as normal. The only people who transact in volatile currencies are those who must -- namely the citizens of the countries that issue. So, I'll fall back to Coinbase for the moment. Gomez January 13, My Price Target:
Optional gave Bsims satoshi client bitcoin floyd mayweather xrp Betpoint s for this post. Crypto Zombie 2, views New. Transaction times and fees are going up and a PITA for daily use. Here Is How to get my coinbase account moved to me bitcoin whip. There are plenty of places you can exchange bitcoin, like gold, but issues like the one in the article do happen mostly because it's still in its infancy. I paid Dustin for a ticket and then a minute drive from Oakland put us at the harbor. So, the miner have been trying their best to keep the fees as high as possible. When was the last time you heard BitPay brag about how many new merchants were using their service? We split a helping of kung pao chicken, which I repaid in bitcoin. They realized they can make even more money if they blow the bubbles up big and stick a bunch of suckers with the dynamite just as the last bit of fuse burns. Back then, it was just a computer and a cash box, which any employee could coinbase sign up for another account bitcoin adder software to withdraw or deposit bitcoin for cash. It's very design is the problem. It's decentralized, and unregulated. And cards that give you money back, or other such rewards, cost the retailer more to process. I don't think the idea of block chain is inherently slow. The next video is starting stop. Visa has to process millions of transactions every second. And my credit card is free to use actually it pays me a percentage of each transaction I know, I know, the merchant pays for it and passes that along to me in the form of higher prices, but as long as I don't get a discount for using a different payment method, it works out to the same thing and I'd be stupid not to use the credit card Now that's just talking about convenience and price.
Tashkinov writes: That's not what this is all abou. FUD TV 65, views. If we agree to exchange goods for Monopoly money, that Monopoly money becomes real money. Remember Me? Bitcoin is the Amway of money Score: There's certainly no envy: Follow us on Twitter: It's neither. They are not required to do business just because you have dollars or legal tender. One was, no doubt, a mailing address but we had no way of figuring out which one. Unsubscribe from Altcoin Daily? Tip jar: TED 1,, views.
Crypto Zombie 2, views New. Always jumping at the chance to glean another point of view, I relayed the frustrations that had obstructed my week on bitcoin, and I asked why there were so few people at the meetup. We need to have a bank account with bitcoin that is not necessarily tied to a bitcoin wallet, that would just be bitcoin credit, similarly best place to buy bitcoin reddit check bitcoin gold balance what a fiat coin account would be. Posting up at a table in the working space, we hit it off and began jumping from one crypto topic to the. Basically you attach the notion of immense value to some object which has little or no actual value, then sell limited shares in that object and let the hype train do the rest. Search for: Dustin had become an IRL intermediary through which I could enjoy asic chip mining asic miners hashrate elusive dining-in-with-bitcoin experiences. This is probably why a best bitcoin roulette minimum ripple wallet balance of companies are developing private block chain systems and consortiums for special purposes so they can make the transaction fees essentially at cost of operating their computing hardware. The next video is starting stop. Design choices that BTC have made and stuck to have kept it so. Dan invited me to get coffee the next day, but I said it would be tricky given my schedule.
So it's like a sadistic game of chicken with your money? Use of altcoins like Denarius DNR with super fast transactions and low fees will probably more likely be the future of cryptocurrency. I'm comparing numbers from two different sources. Parent Share twitter facebook linkedin. Barter, however, is even better in that there is something of value being exchanged. You realize a lot of us just don't care about Bitcoin, right? Seems like the inevitable is about to happen. The Modern Investor 10, views New. Problem with this kind of bubble is that at some point, they'll have to convert the BTC to USD or other currency for the price to drop. He would reaffirm this observation throughout our talks.
Sign in to make your opinion count. Bitcoin can do nothing to make transactions happen quickly at scale with any technological model with the way cryptocurrency is currently set up. Sure thing, bud. After all, it has already been pointed out that BTC keeps gaining value. Nobody want's to mine Bit Coin for what they pay anymore. Part of this whole forking bitcoin is related to this. Kevin Cage 62, views. I was going to mention that little bubble but you beat me to it and - well done. Add to. There Are Options