Search results

It's already been done. It's called the lightning network, which is a transaction layer that sits above the core BTC network and allows for a ridiculous number of transactions. https://lightning.network/ So the scalability problem has technically already been handled at this point. It's just...

Considering that a single MC/Visa/Amex transaction takes 3 - 5 days to complete, that equates to a whopping zero transactions per second. I repeat. Zero. Yes, immediate with an approval. But that's not a completed transaction and that's what I'm trying to get you to understand. In the analog...

Yes. Of course. And pretty much any other crypto as well. It would be stupid not to. No. There's no point in doing that. The population thinks in terms of dollars, so that's how things are priced. That's not going to change anytime soon, and will require a new up-and-coming generation to be...

The technology is superior which is why it's being adopted all over the world. You do realize that BTC payments are orders of magnitude faster than credit cards, right? People often point at the hundreds of thousands of transactions-per-second number of credit card processors like MC and Visa...

Ok, now you're just being ridiculous. The Bitcoin blockchain of transactions is currently about 324 GB in size and the BTC network is processing roughly 222,000 transactions per day on average... flawlessly. You're trying to argue in an arena where every single metric is against you.

You haven't even done one, and I mean not a single BTC transaction in your entire life, because if you had, you would not have made the statement above.

Last time I checked, 1% is still less than 1.5%.

You're being overly negative with no basis whatsoever. Again, Bitpay has been around since 2011. I think they've been through it all by this point and they are still around and doing fine.

I understand where you're coming from, but you're reaching a little too far. You need to realize that if they were grossly overcharging customers because of ridiculous exchange rates, the word would spread and nobody would ever use them as a payment method because it would be too costly and...

100%. That's the business they are in. But again, they are converting these transactions within seconds so 5 minutes is an eternity for them.

You made up a situation out of thin air. You're acting like Bitpay is trying to overcharge the customer. They don't need to do this because they already have a 1% spread to work with, and the conversion takes place pretty much instantly. All they need to do is take the customer's BTC, scrape...

You don't get it. The volatility of BTC is irrelevant from both the customer and the merchant's perspective. The volatility is only a matter of concern for Bitpay, but nobody cares about them because the price fluctuation is their job to manage in return for scraping 1% off the transaction...

Incorrect. The customer pays the price displayed on the website for the watch, regardless of the payment method. The chosen payment method is simply a matter of what is most convenient for that particular customer, whether it be Amex, Apple Pay, BTC, etc.

Clearly some of you have never had a merchant account before so you have no clue how the process works. Breitling is a retail merchant. In order for Breitling to accept Amex as a method of payment, they must have an Amex merchant account. That means they can accept Amex cards for a watch...

It's crazy how I used to be a watch fanatic in past years but now I look at luxury mechanical watches as being so outdated and overpriced. These days I just wear a fitbit to collect my activity data.

We've occasionally changed some usernames by request but to say that the majority of them happen that way would be incorrect.

The people that change their usernames are using proxy servers so their IP addresses are constantly changing. They also use free email services to generate new email addresses when they register new usernames so from the perspective of our system, it doesn't look like a current member coming...

No, he is not.

Sure but it's not possible to buy and hold in a bull market when there's no bull market.

Hey, at least nobody can say that all I did in this journal was buy and hold in a bull market. :D