For those who doubt Bitcoin potential as a payment currency, try this

VicBee said:
Yes but, at least in Spain, there's a high monthly maintenance fee of 14 euro for having a bank account. No such thing in the US.
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My bank (one of the biggest banks in Europe) has the following tariffs:

Monthly 3 Euro:
· Max 3 accounts
· 1 VISA creditcard
· Online and mobile banking
· Insurance

Instant payment within seconds in SEPA area 24/7 costs 0.60 Euro.

Payments in Euro with IBAN number are free ( European law, so also valid for all banks in Spain) in and between:
Belgium, Bulgaria, Cyprus, Denmark, Germany, Estonia, Finland, France (including French Guyana, Guadeloupe, Martinique and Réunion), Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Poland,Portugal (including the Azores and Madeira), Romania, Slovak Republic, Slovenia, Spain (including the Canary Islands, Ceuta and Melilla), Czech Republic, United Kingdom (including Gibraltar) , Sweden, Iceland, Liechtenstein and Norway.

For payments in other currencies use Transferwise. Cheaper than payment thru banks.
https://transferwise.com/us

Western Union works perfect too. I always use it for payments to Ukraine. Money arrives in less than 5 minutes and can be withdrawn in cash immediatelly.

I have a second bank with the same tariffs, but in that bank I don't pay a monthly fee (but without VISA credit card).

Here you can find all regulations banks have to follow in the SEPA zone:
https://ec.europa.eu/info/business-...nt-services/single-euro-payments-area-sepa_en
 
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Bitcoin is used to buy absolutely different things. I worry about the anonymity of my transactions. I sometimes use a bitcoin mixer. The power of this coin is great and there is no point in doubting it.
 
Perfectly shows the game of payments is 100% solved, zero need for cryptos. The entire argument for crypto currencies other than for pure speculation is a convoluted one.

virtusa said:
My bank (one of the biggest banks in Europe) has the following tariffs:

Monthly 3 Euro:
· Max 3 accounts
· 1 VISA creditcard
· Online and mobile banking
· Insurance

Instant payment within seconds in SEPA area 24/7 costs 0.60 Euro.

Payments in Euro with IBAN number are free ( European law, so also valid for all banks in Spain) in and between:
Belgium, Bulgaria, Cyprus, Denmark, Germany, Estonia, Finland, France (including French Guyana, Guadeloupe, Martinique and Réunion), Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Poland,Portugal (including the Azores and Madeira), Romania, Slovak Republic, Slovenia, Spain (including the Canary Islands, Ceuta and Melilla), Czech Republic, United Kingdom (including Gibraltar) , Sweden, Iceland, Liechtenstein and Norway.

For payments in other currencies use Transferwise. Cheaper than payment thru banks.
https://transferwise.com/us

Western Union works perfect too. I always use it for payments to Ukraine. Money arrives in less than 5 minutes and can be withdrawn in cash immediatelly.

I have a second bank with the same tariffs, but in that bank I don't pay a monthly fee (but without VISA credit card).

Here you can find all regulations banks have to follow in the SEPA zone:
https://ec.europa.eu/info/business-...nt-services/single-euro-payments-area-sepa_en
More...
 
DiceAreCast said:
Perfectly shows the game of payments is 100% solved, zero need for cryptos. The entire argument for crypto currencies other than for pure speculation is a convoluted one.
More...
Yes, privacy doesnt matter, money printing doesnt matter, negative rates dont matter, capital controls dont matter, fiat risk doesnt matter, centralized system risk doesnt matter, bugs in closed source systems dont matter. All problems are solved by fiat payment apps lmao
 
Correct, privacy does not matter. Anyone who is afraid that uncle Ben or other authorized regulators have a peek at one's payments should be thoroughly investigated. Anyone who pays his due taxes and does not engage in criminal activity has never been harmed by the American led fiat currency and payment system.

So far, inflation is nowhere to be seen. Once it ticks up property purchases will tick up, people buy inflation linked securities, or gold. Perhaps some dog poo, probably some cryptos, too.

Yes most all problems are solved by fiat currency of a stable, reliable, and trustworthy backer. Why do you think 2/3 of all cryptos are owned by Chinese? In order to circumvent rules to move money out of the country. If you believe that country does not have the sovereign right to set its own domestic policies then how about we all start playing wild west in Brazil? You know, either you respect sovereign rules and laws or you don't. If you don't then where are you with your guns and ammo and granades to fight the system you so seem to despise?

Daal said:
Yes, privacy doesnt matter, money printing doesnt matter, negative rates dont matter, capital controls dont matter, fiat risk doesnt matter, centralized system risk doesnt matter, bugs in closed source systems dont matter. All problems are solved by fiat payment apps lmao
More...
 
DiceAreCast said:
Correct, privacy does not matter. Anyone who is afraid that uncle Ben or other authorized regulators have a peek at one's payments should be thoroughly investigated. Anyone who pays his due taxes and does not engage in criminal activity has never been harmed by the American led fiat currency and payment system.

So far, inflation is nowhere to be seen. Once it ticks up property purchases will tick up, people buy inflation linked securities, or gold. Perhaps some dog poo, probably some cryptos, too.

Yes most all problems are solved by fiat currency of a stable, reliable, and trustworthy backer. Why do you think 2/3 of all cryptos are owned by Chinese? In order to circumvent rules to move money out of the country. If you believe that country does not have the sovereign right to set its own domestic policies then how about we all start playing wild west in Brazil? You know, either you respect sovereign rules and laws or you don't. If you don't then where are you with your guns and ammo and granades to fight the system you so seem to despise?
More...
Yeah, tell that to the Venezuelans, Argentinians and Brazilians who lost all of their savings in the last 30 years "playing by the rules". Good luck
 
I understand your point and it would make sense in those limited situations to explore alternatives. It's like saying capitalism is dead because Brazil is a democratic and capitalist system but has an incredible number of people living in poverty.

To declare the death of the global fiat system is nonsense and uncalled for. At large, the fiat monetary system has worked and works so far.

Daal said:
Yeah, tell that to the Venezuelans, Argentinians and Brazilians who lost all of their savings in the last 30 years "playing by the rules". Good luck
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I am bored, so...

Daal said:
Yeah, tell that to the Venezuelans, Argentinians and Brazilians
More...

Dude, you moved the goalpost. The title of the thread argues for BTC as a payment method, not a store of value. As a payment method it sucks ass, and I mean big whale's ass.

And instead of advocating another crypto that actually works, like Litecoin or whatever, you come up with an overly complex way that we need a 3 days course to pass with 50 question test at the end.

That is a hard pass, dog.
 
Pekelo said:
I am bored, so...



Dude, you moved the goalpost. The title of the thread argues for BTC as a payment method, not a store of value. As a payment method it sucks ass, and I mean big whale's ass.

And instead of advocating another crypto that actually works, like Litecoin or whatever, you come up with an overly complex way that we need a 3 days course to pass with 50 question test at the end.

That is a hard pass, dog.
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Here, I will help you. Download Wallet of Satoshi, deposit BTC. Got to Bitrefil, buy things, scan the QR code with Wallet of Satoshi. Enjoy the purchase. The end.

I'm not one to bullish and technical by nature, so I added all the upsides and downsides of the process, plus the technicalities. But that dumbdown version is that. I suspect 99.5%+ of bears never tested that, yet they feel like they can scream from the rooftops about their opinion, but they never short it, just talk. Its like what Jobs said about consultants
 
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