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Topic: [VIDEO] Calvin Ayre full video interview from Macau - page 2. (Read 2668 times)

legendary
Activity: 1078
Merit: 1003
See where I'm coming from? Smiley


I do but I disagree with you on this one. Half a penny, however insignificant and small, just does not equal zero.

But anyway, I'm a big fun of what you do, I just like to speak my mind and this one line of an otherwise excellent interview irked me a bit so I had to bring it up.
newbie
Activity: 32
Merit: 0
Erik, don't you get a lot "Free! What is the catch?" looks when you say that.

I generally get that when I try to say it is free. People wonder what are
the incentives to run the network.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?

Two answers:

1) Bitcoin can be sent without a fee. This is a fact.

2) The normal fee that is included with typical transactions is so god damn tiny that it may as well be nothing. A fee that is a fraction of a penny is not even worth discussing.

I don't know.. it just rubs me the wrong way kind of like some kind of a salesman who wasn't entirely honest with me about his product/service. Yes it's true you can send bitcoins without a fee but this has consequences, consequences that for many are not practical to deal with and therefor they pretty much need to pay a fee. And a super small fee isn't equal to no fee.

I don't know why, you can't just be honest and say "The fees are practically nothing and plus they're optional!" - that would sound a lot better to me than telling someone "Bitcoin has no fees!" and then they research it and they learn "Oh wait, seems like there are fees here after all.. Hmm if they lied about this, what else did they lie about??".

Do you know where I'm coming from?

We have a hard enough time with skepticism and wild theories as it is, I just don't see why it would be a good idea to risk making things even harder on us and our case for Bitcoin.

This wording is way better.

I hear you Hazek. Sometimes I say it in the way you described, sometimes I say "no fees".  Again, because they're so tiny I don't see a signficiant difference between "no fee" and "super super tiny micro fee".

If you tell people that it has "extremely low fees" they are just as likely to think that means like, 1% or something, because that is extremely low for money transfer. Consider $10,000 transfers, and 1% becomes significant. But with Bitcoin, $1,000,000 can be sent with a "fee" of half a penny. As far as I'm concerned, this is a fee-free transfer.

See where I'm coming from? Smiley
sr. member
Activity: 364
Merit: 250
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?

Two answers:

1) Bitcoin can be sent without a fee. This is a fact.

2) The normal fee that is included with typical transactions is so god damn tiny that it may as well be nothing. A fee that is a fraction of a penny is not even worth discussing.

I don't know.. it just rubs me the wrong way kind of like some kind of a salesman who wasn't entirely honest with me about his product/service. Yes it's true you can send bitcoins without a fee but this has consequences, consequences that for many are not practical to deal with and therefor they pretty much need to pay a fee. And a super small fee isn't equal to no fee.

I don't know why, you can't just be honest and say "The fees are practically nothing and plus they're optional!" - that would sound a lot better to me than telling someone "Bitcoin has no fees!" and then they research it and they learn "Oh wait, seems like there are fees here after all.. Hmm if they lied about this, what else did they lie about??".

Do you know where I'm coming from?

We have a hard enough time with skepticism and wild theories as it is, I just don't see why it would be a good idea to risk making things even harder on us and our case for Bitcoin.

This wording is way better.
legendary
Activity: 1078
Merit: 1003
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?

Two answers:

1) Bitcoin can be sent without a fee. This is a fact.

2) The normal fee that is included with typical transactions is so god damn tiny that it may as well be nothing. A fee that is a fraction of a penny is not even worth discussing.

I don't know.. it just rubs me the wrong way kind of like some kind of a salesman who wasn't entirely honest with me about his product/service. Yes it's true you can send bitcoins without a fee but this has consequences, consequences that for many are not practical to deal with and therefor they pretty much need to pay a fee. And a super small fee isn't equal to no fee.

I don't know why, you can't just be honest and say "The fees are practically nothing and plus they're optional!" - that would sound a lot better to me than telling someone "Bitcoin has no fees!" and then they research it and they learn "Oh wait, seems like there are fees here after all.. Hmm if they lied about this, what else did they lie about??".

Do you know where I'm coming from?

We have a hard enough time with skepticism and wild theories as it is, I just don't see why it would be a good idea to risk making things even harder on us and our case for Bitcoin.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?

Two answers:

1) Bitcoin can be sent without a fee. This is a fact.

2) The normal fee that is included with typical transactions is so god damn tiny that it may as well be nothing. A fee that is a fraction of a penny is not even worth discussing.
legendary
Activity: 1022
Merit: 1000
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?

I doesnt (if you opt to not include fees in your tx).
legendary
Activity: 1078
Merit: 1003
I love the work that you guys do!

But Erik, why do you say Bitcoin has no fees?
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
Hey all,

From the BitInstant trip to Macau, Roger and I got to sit down with the CalvinAyre.com people and do a quick video interview about Bitcoin. It's all very basic stuff, but CalvinAyre's demographic is the gambling community, so this is prime targeting at this point in Bitcoin's progression Smiley  And wow Angelia Ong was smokin!

"One of the more popular discussion panels at the recent Social Gaming Asia Summit 2012 featured BitInstant’s Erik Voorhees and Roger Ver discussing the Bitcoin ‘crypto currency’ and its potential impact on the global gaming industry. The dynamic duo wowed attendees with their description of a payment system that offered both transnational convenience, security and anonymity. CalvinAyre.com’s roving reporter Angelia Ong was sufficiently intrigued to corral Voorhees and Ver for an in-depth followup."

http://calvinayre.com/2012/12/21/business/bitcoins-impact-on-global-gaming-industry-ao-vid/
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