Luxury watchmaker Breitling starts accepting Bitcoin for purchases

[The_Krakenite]

Breitling and its watches...are only worn by dumbfuck type of guys anyways.

Seriously? I love my Breitling, and they last for life. Always got a lot of looks by hot chicks (they seem to notice those things).

And regarding the fluctuations, isn't it up to the company if they want to hold the BTC or convert it into fiat?

If the company thinks they can gain more sales this way (which they will just from all the advertisement they're getting by you complaining about it )... then it definitely was smart of Breitling and you can't blame them.

 

[Baron]

That still pales in comparison with the established payment system via credit cards. The many hacks, security flaws and other technology glitches at many exchanges and service providers and transaction points only prove that this system is anything but trustworthy.

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.

 

[M.W.]

No, it's not up to the payment processor how they want to deal with their exposure. At least not what concerns the seller of the watch. Because if the merchant fucks up then it's a huge amount of sales lost or locked up in litigation potentially for years.

Seriously? I love my Breitling, and they last for life. Always got a lot of looks by hot chicks (they seem to notice those things).

And regarding the fluctuations, isn't it up to the company if they want to hold the BTC or convert it into fiat?

If the company thinks they can gain more sales this way (which they will just from all the advertisement they're getting by you complaining about it )... then it definitely was smart of Breitling and you can't blame them.

 

[M.W.]

So we need to get robbed and hacked to have a say in this? Can't intelligent people inform themselves what happened to others and deduce the risk for themselves? That's called intelligence in my book.

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.

 

[Baron]

So we need to get robbed and hacked to have a say in this? Can't intelligent people inform themselves what happened to others and deduce the risk for themselves? That's called intelligence in my book.

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.

 

[M.W.]

Baron, you know perfectly well that your point is completely disingenuous. A transaction of this particular type does not just involve a transaction on the blockchain. It invokes moving tokens from cold storage to an exchange, then the merchant in between, then the settlement on the blockchain, and the conversion to fiat. Are you seriously telling us that all the mishaps in the last year alone do not tangent any of those potential points of failure or hacks?

I don't think so.

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.

 

[Pekelo]

I'm old. I always have a wrist watch

Then you need my newly designed watch for old people. I always joke about it with my friends. It doesn't show the time, just the day, in different colors. Because why would old (aka retired) people want to know the time? We usually don't remember what day it is though, thus my time piece. Does it matter if it is 3 pm or 5 pm? (for dinner or drinks)

After all, it is 5 o'clock somewhere!

 

[Pekelo]

the BTC network is processing roughly 222,000 transactions per day on average... flawlessly.

And that is sufficient for a small Albanian village, not for a crypto trying to be world currency.

Or do you forget when the system gets backed up and TXs don't go through for hours? Let's face it after 12 or so years, the technology is still shit, but nobody wants BTC for the technology anyway.

 

[Baron]

And that is sufficient for a small Albanian village, not for a crypto trying to be world currency.

Or do you forget when the system gets backed up and TXs don't go through for hours? Let's face it after 12 or so years, the technology is still shit, but nobody wants BTC for the technology anyway.

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 and then say, "See, the credit card processors are so much faster and amazing!" but that's just a bunch of bullshit.

Those big numbers they claim aren't transactions. These so-called "transactions" by credit card processors are essentially just a batch of "approved" or "denied" requests. The entire transaction process just begins at that point. As I stated in the Amex example above, a real transaction, meaning the amount of time it takes for the money to leave the customer's account and land in a merchant's account takes a week. MC and Visa usually take about 3 days. If I send a BTC payment to a merchant's wallet, the BTC lands there within minutes. Okay, let's pretend the network is backed up, and it takes hours. No matter how you cut it, it's still so much faster than a week-long credit card transaction it's not even funny.

Today is actually a great example of what I'm talking about. Many of the sponsors here have a credit card on file with us for their monthly sponsorship, and several of them get processed on the first of every month. So today is July 1st, and I'd say maybe 5 or 6 credit cards will get processed today. Do I get the money today? Nope. How about tomorrow. Nope. What about Sunday the 3rd? Nope. How about Monday the 4th? Nope that's a holiday. So in order for any of those 5 or 6 "transactions" from today to finally settle out, I've got to wait until next Tuesday to see the money. And this is the system you're saying is so superior?

If those had been crypto payments, all of today's transactions would be settled today for sure and in my crypto wallet without fail.

 

[deaddog]

If those had been crypto payments, all of today's transactions would be settled today for sure and in my crypto wallet without fail.

Do you accept bitcoin as payment?
Do you price your subcriptions in bitcoin?