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Topic: BitPay stands for many 1000 of shops. They are economic relevant users! (Read 849 times)

legendary
Activity: 2310
Merit: 1422
Exactly! We saw that unfolding: it was way too clear after a while that the whole "blockchain" hype was there for a reason. It's still like that because now they talk about Distributed Ledger Technologies and such. They would like the "blockchain" to do everything is already possible with conventional technologies. They don't get what bitcoin is about: some of them know it and therefore they planted the blockchain seed

see you around  Wink
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
I’ve already wrote it but I really think we went back to 2014. I see the same patterns over and over again. In 2014 they invented the “blockchain” to spread FUD and false myths about bitcoin”. Now that everybody saw the bitcoin potential this is no longer something that they can support.
I work within this field and, trust me, with one face they talk blockchain and with the other they buy bitcoin (and other crypto).
Yes, let’s calm down while holding the keys


It's not that old, but I came to same results here:

https://bitcointalksearch.org/topic/m.17006113

 Smiley
legendary
Activity: 2310
Merit: 1422
I’ve already wrote it but I really think we went back to 2014. I see the same patterns over and over again. In 2014 they invented the “blockchain” to spread FUD and false myths about bitcoin”. Now that everybody saw the bitcoin potential this is no longer something that they can support.
I work within this field and, trust me, with one face they talk blockchain and with the other they buy bitcoin (and other crypto).
Yes, let’s calm down while holding the keys
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
hv_ all those games being played right now will determine the future of bitcoin (or the different bitcoins). I mean Bitpay cares about its business and will care about the most useful bitcoin protocol that will help them to best fit their current business model.
As a bitcoin user I must admit that Bitpay currently has one of the most user-friendly bitcoin wallet. Most of my firends/colleagues still use it because it gets the job done. In terms of bitcoin adoption I think that makes a difference.
We will see how this unfold

Thx - you are absolutely right.

Most users are noobs and do not even care about tech and politics behind (Bitcoin) and just buy it like they buy the shiny new IPhone since these merchants (Apple & co) know how to design and sell it to the masses.

These bigs also take care about the risks (we can only hope they do not gain too much of bitcoin - but this is already hard by now) - Bitcoin has grown to this edge of adoption and I understand many 'users' not wanting this kind of adoption - but the ship has left - unstoppable.

Users: Relax and take your popcorn - or play big (start mining !).
Actions like ranting against others (with more stakes)  and fight stupid endless ideas does harm the reputation of bitcoin more than it achieves.
IMO it is all aligned due to the Nash equilibrium (yes it is oscillating and we see big amplitudes!)  - but it cannot fail - only be slowed down.

I also wonder, if this big noise we noticed all in these fights brought up the biggest ones now - like the PBoC -> Getting more into Bitcoin / licensing it ?

If we are aware of these effects, more silence could help in first place to evolve as far as possible before the big ones come in finally and take too big shares?

 
legendary
Activity: 2310
Merit: 1422
hv_ all those games being played right now will determine the future of bitcoin (or the different bitcoins). I mean Bitpay cares about its business and will care about the most useful bitcoin protocol that will help them to best fit their current business model.
As a bitcoin user I must admit that Bitpay currently has one of the most user-friendly bitcoin wallet. Most of my firends/colleagues still use it because it gets the job done. In terms of bitcoin adoption I think that makes a difference.
We will see how this unfold
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?
I am very happy that BitPay started, with bitpay I have been able to pay for a lot of services and goods online that would have cost a lot of fortune in normal cash, but I was able to use my bitcoin earnings to pay. Thanks a lot.

Yes, they helped a lot for the initial bootstrapping and bitcoin adoption at first place - real user case story (sadly I was also only watching and reading / playing a bit these times).

Now, some groups that have given up the mining tasks (for our all unsecurity), that would have really helped better decentralization if not, and now try to blame the left miners for too much centralization - leading to finally higher miner - collusion / meetings / agreements on software upgrades -  paradox.
And even worse try to break bitcoin with their wish list (mostly based on keepin up 'some' decentralization)  / but no real long-term investments behind.

Lots of games been played - not a boring time to be here.
full member
Activity: 628
Merit: 154
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?
I am very happy that BitPay started, with bitpay I have been able to pay for a lot of services and goods online that would have cost a lot of fortune in normal cash, but I was able to use my bitcoin earnings to pay. Thanks a lot.
sr. member
Activity: 496
Merit: 254
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?
I guess that’s a great one at least bitcoin users can be assured that one day they would be able to pay for all their goods and services with the help of bitpay and other bitcoin payment processors, recently I was able to buy a domain with the help of bipay
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
Here we could listen to CEO of ShapeShift

https://youtu.be/lFfTFQrQR5A

NYA will come...

NYA will fail, because BTC is not about a couple fiat corporations gathering and taking over the protocol.
This is about a change in consensus rules.  If you want to use that chain but don't like contributors to what we expect to be a SegWitx2 reference client, just run a different client which enforces those rules.

If you have any explanation for why the change in consensus rules results in "fiat corporations gathering and taking over the protocol", I'd love to hear it.  Right now it looks like you're talking out of your arse. 

Especially since ShapeShift doesn't even involve fiat in any way.
Any other outcome would mean that Bitcoin failed since it was took over by a couple idiots in suits lead by SegWit2x main dev and CIA agent Jeff Garzik.
If you actually understood how Bitcoin works, you'd understand that you can continue running old clients and enforcing the old consensus rules for as long as you like, so no one has forced you to do anything nor "changed" Bitcoin at all.
sr. member
Activity: 491
Merit: 250
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?
That you’re making use of BitPay doesn’t mean that they’re going to be speaking for you in any situation, no, it’s all left for you. Users can even decide to leave any day, if they happen to come across a good wallet with far much better features.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Here we could listen to CEO of ShapeShift

https://youtu.be/lFfTFQrQR5A

NYA will come...

NYA will fail, because BTC is not about a couple fiat corporations gathering and taking over the protocol. Bitcoin whale will crush the SegWit2x coin and the miners will be forced to mine back into the real Bitcoin blockchain.

Any other outcome would mean that Bitcoin failed since it was took over by a couple idiots in suits lead by SegWit2x main dev and CIA agent Jeff Garzik.

Nice trolling.

How can you change fiat on ShapeShift?  How is Jeff a CIA agent and if so, who coder cares?
No this is about Bitcoin economy and miners will blow out the AXA suits leaving them with a slow chain.

Bitcoin is about scaling for all, how could you exclude people you dont like? Relax, they are about securing your bitcoins in exactly the decentralized manner it should be.
legendary
Activity: 1372
Merit: 1252
Here we could listen to CEO of ShapeShift

https://youtu.be/lFfTFQrQR5A

NYA will come...

NYA will fail, because BTC is not about a couple fiat corporations gathering and taking over the protocol. Bitcoin whale will crush the SegWit2x coin and the miners will be forced to mine back into the real Bitcoin blockchain.

Any other outcome would mean that Bitcoin failed since it was took over by a couple idiots in suits lead by SegWit2x main dev and CIA agent Jeff Garzik.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
BitPay, Coinbase and other payment processors are very important.  However, it's difficult to underestimate how speculative the current market is.

As it is, a lot of transactions are still going to be between exchanges and wallets or between individuals for smaller reasons.  There's a fine balance of power between whales, miners, merchants, payment processors (representing merchants), mining pools (representing miners), nodes, media and ordinary users.

However, none of them can make an accurate judgement about what the other groups are going to do, and all of them are subject to bias.


hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Here we could listen to CEO of ShapeShift

https://youtu.be/lFfTFQrQR5A

NYA will come...
legendary
Activity: 1372
Merit: 1252
Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.

And to use such alt shit you always have to do txs to exchanges and / or pay comissions.

This is no solution.

Bitcoin CAN do. It was about to remove middle men.  If not, cryptoworld is dead in some years.

Nobrainer is lift the blocksize ( make it a user param, not a consensus / protocol magic number) , let the markets find out where the real market/tech limit is, free as Bitcoin should be.

We have already gone about this several times. It's technically nonviable to have the blocksize go up and down, the blocksize must be set as a rule, just like the 21 million coin limit.

Read what the smart people say about dynamic blocksize and you may learn a thing or two.

Everyone wants a dynamic blocksize, the problem is, all proposed solutions thus far do not work.

In any case, claiming everyone using Bitpay wants to use segwit2x is act of hypocrisy only big blockers such as Jeff Garzik could come up with.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.

And to use such alt shit you always have to do txs to exchanges and / or pay comissions.

This is no solution.

Bitcoin CAN do. It was about to remove middle men.  If not, cryptoworld is dead in some years.

Nobrainer is lift the blocksize ( make it a user param, not a consensus / protocol magic number) , let the markets find out where the real market/tech limit is, free as Bitcoin should be.
sr. member
Activity: 812
Merit: 251
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

I agree, high fees are indeed getting out of hand, but that is why the bitcoin network always tries to improve itself by implementing scaling options like what happened earlier this month. Since the community is the one approving what upgrades to implement, I think all concerns of every party has been addressed in that sense. Let's just wait for the actual activation of segwit and the blocksize increase.

Exactly, November is just around the corner and the little time left is just a small price to pay for Bitcoin to get better. I can't wait for the actual activation of segwit either and the block size finally increased to 2MB.
hero member
Activity: 868
Merit: 535
BitPay should be noticed when they have a say what 'users' want.
They stand for voice of a huge merchant community watching the usability and risks of bitcoin's protocol.

If they 'say' it will influence many other merchants accepting or thinking of bitcoin.

Their business suffers from too high fees and LN or other 2nd layer scalings are yet no or no quick, safe options.

What do you users really want? Alts taking over here?

I agree, high fees are indeed getting out of hand, but that is why the bitcoin network always tries to improve itself by implementing scaling options like what happened earlier this month. Since the community is the one approving what upgrades to implement, I think all concerns of every party has been addressed in that sense. Let's just wait for the actual activation of segwit and the blocksize increase.
legendary
Activity: 3178
Merit: 1054
its not surprising because alo of people are now holding altcoins which could suggest what cions to accept. if there will be just one coin that we all a appreaciating it will be just bitcoin that these merchants that will be accepting but since we saw some are already accepring eth, the rest are hopeful, thy will also be accepted.
sr. member
Activity: 686
Merit: 253
Alts taking over? A symbiotic relationship with alts has always been and always will be fine to me, use dash or litecoin for your pint and burger use Bitcoin to pay interest on a loan from a Chinese investor.

I also fancy such symbiotic relationship between Bitcoin and the Altcoins but it seems these Alts are totally dependent on Bitcoin and so if Bitcoin is falling in value they also fall in value and vice versa. This makes it difficult for us to diversify our funds since they are all likely to follow a particular graph curve.
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