You can slow down a freight train but you can't stop it, even with both hands 
Unless you're Spiderman or Superman.
Topic: This is exactly why I believe in bitcoins ! VISA & Banks are thiefs ! (Read 2110 times)
January 09, 2014, 09:19:44 AM
Unless you're Spiderman or Superman.
January 07, 2014, 12:24:32 AM
You can slow down a freight train but you can't stop it, even with both hands
January 06, 2014, 10:04:43 AM
Yes! Agree with you!
Bitcoin or another improved one will win at last.
Bitcoin or another improved one will win at last.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
January 06, 2014, 09:01:30 AM
I just hope the governments doesn't make bitcoin illegal. 
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.
They can't stop it as it's decentralized so even 1 node hashing on a gameboy color can keep the network alive BUT they can certainly and very easily (China?) ban any company from using it on their countries.
I don't think China 'banned' it, but they put restrictions on their exchanges. People will still find a way to use it regardless.
January 06, 2014, 08:59:06 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
They already made illegal gold ownership.
Also, It seems some banks on US already blocked some accounts cause they were related to bitcoin trading.
They made what illegal?
January 06, 2014, 08:53:51 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.
They can't stop it as it's decentralized so even 1 node hashing on a gameboy color can keep the network alive BUT they can certainly and very easily (China?) ban any company from using it on their countries.
January 06, 2014, 08:01:36 AM
mistake,I hope.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
January 06, 2014, 07:35:34 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.
January 06, 2014, 06:39:44 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
They already made illegal gold ownership.
Also, It seems some banks on US already blocked some accounts cause they were related to bitcoin trading.
January 06, 2014, 06:35:05 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
They really can't make it illegal.
January 06, 2014, 06:22:31 AM
I just hope the governments doesn't make bitcoin illegal.
It's just one the best things since internet porn.
It's just one the best things since internet porn.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
January 06, 2014, 05:47:02 AM
After doing some more reading on the subject, I think that this guy expresses well what I wanted to say :
http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/
http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/
Quote
At some point, I had an “aha!” moment and realized that Bitcoin was best understood as a new software protocol through which you could rebuild the payments industry in ways that are better and cheaper.
The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.
Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.
The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.
Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.
People really should refuse to use services that charge when they can be done for free. This is just milking people.
January 05, 2014, 06:16:47 AM
After doing some more reading on the subject, I think that this guy expresses well what I wanted to say :
http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/
http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/
Quote
At some point, I had an “aha!” moment and realized that Bitcoin was best understood as a new software protocol through which you could rebuild the payments industry in ways that are better and cheaper.
The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.
Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.
The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.
Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.
January 05, 2014, 05:40:50 AM
Especially internationall bank wire transfers are expensive and slow, Bitcoin has really good future in this area
Card to card transfers are for free (cost included in annual fee) in the same payment system. If You transfer cryptocurrency and you need cash, you still need to pay converting and withdrawal costs.
January 05, 2014, 05:23:00 AM
This is one of the reasons bitcoins is growing and likely to have some mainstream use, High fees on almost any other method (a % of the amount you send) without doing anything 
.while in btc's you optionally pay 0.0001 to miners.
.while in btc's you optionally pay 0.0001 to miners.Especially internationall bank wire transfers are expensive and slow, Bitcoin has really good future in this area
January 05, 2014, 05:22:04 AM
The main problem with the current banking and international monetary system, is that a certain powerful person can solely decide if tomorrow's paycheck will be lower or higher then the previous one. That issue alone is disturbing if you think about it. Another problem is that we are so used to this system, that we became oblivious to any other alternatives. To back this up, you can look to the alternatives which (crypto's) and see that the people are unsure and skeptic about it, which is pretty sad really.
January 05, 2014, 05:15:38 AM
is a better way to pay for things
If You become cash in USD/Euro and all costs for you are in USD/Euro, You can deliver service or ship product instantly, in case of bitcoin You should wait, and it take to lose consumers/money, and you need consider exchange rates risc.
With cash you need keep, that bills are not counterfeited and stay in allert to not be rubbed.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
January 04, 2014, 07:08:30 PM
Bitcoin started a revolution, for starters it is a better way to pay for things, because its transparent and peer to peer.
Things are about to change 180 degrees and we are a part of it.
Things are about to change 180 degrees and we are a part of it.
We can only hope. Sadly I don't think the masses are as clued in as us renegades
. January 04, 2014, 06:33:42 PM
Bitcoin started a revolution, for starters it is a better way to pay for things, because its transparent and peer to peer.
Things are about to change 180 degrees and we are a part of it.
Things are about to change 180 degrees and we are a part of it.
January 04, 2014, 02:59:41 PM
If you think about the difference between buy and sell orders, fees charged by exchange markets and the cost of services you use for converting fiat to Bitcoin and Bitcoin back to fiat, Bitcoin is not the perfect option against VISA & Banks. For now.
Jump to: