Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

[Liquid]

You don't understand shyt

you both have a lot of reading to do.

Overstock NEVER holds BTC. The instant the customer check out and pays for his items, Bitpay uses the current exchange rate, charges the client accordingly so that the amount of BTC corresponds to the FIAT price. Overstock receives fiat instantly. BitPay holds the BTC.

I was unaware that they were receiving straight FIAT. Not bad

 

[Liquid]

And i been trying to tell you that stability because of irrelevance is exactly that..... irrelevance.

Not one business is going to use an irrelevant coin. Volatility is a growing pain that is inevitable.

No altcoin is going to somehow escape that

Never argued this.

That is the fact right now, but will not be forever.

 

[heisenburrr]

Never argued this.

That is the fact right now, but will not be forever.

you're right, but that makes you wrong because the only way to obtain stability is with large scale adoption, read: popularity

 

[Dusty Bake Activate]

 

[heisenburrr]

 

[88m3]

Buy? Buy? Buy?

 

[Dusty Bake Activate]

 

[heisenburrr]

Buy? Buy? Buy?

that's what I'm doing

 

[无名的]

You don't understand volatility. If bit coin drops to $1 a share, no intermediary repository, like a Mt. Gox, is going to allow that withdrawal at the previous day's value.

What's Mt. Gox?

 

[unit321]

What's Mt. Gox?

It was the world's largest Bitcoin exchange. Did I say the world's largest? Yeah, I did. It was the world's largest.

 

[unit321]

You don't understand shyt

you both have a lot of reading to do.

Overstock NEVER holds BTC. The instant the customer check out and pays for his items, Bitpay uses the current exchange rate, charges the client accordingly so that the amount of BTC corresponds to the FIAT price. Overstock receives fiat instantly. BitPay holds the BTC.

Makes sense. They are covering their butts. But doesn't bitpay get screwed the next day when valuations are down?

 

[heisenburrr]

Makes sense. They are covering their butts. But doesn't bitpay get screwed the next day when valuations are down?

this is obviously factored in their business model

 

[heisenburrr]

these old farts are soooo scared


http://www.businessinsider.com/senator-calls-for-bitcoin-ban-2014-2

 

[无名的]

these old farts are soooo scared


http://www.businessinsider.com/senator-calls-for-bitcoin-ban-2014-2

Somebody should tell him how often people use greenbacks for illegal, untraceable transactions.

 

[PikaDaDon]

Buy? Buy? Buy?

stfu