You know what, Jojo? Your answer to the merchant situation is the best I've heard.
So what is the hold up? The software side shouldn't be very difficult. Educating the merchants might take a while, but the advantages would be apparent. The public shouldn't care much either way.
Perhaps the one thing the merchant will need is a way to get his fiat back quickly.
/Frank
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31529. (Read 26610072 times)
November 27, 2013, 10:24:48 PM
November 27, 2013, 10:21:18 PM
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train 
Always coming too late...
Always coming too late...
How do you know it's too late ?
Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead
If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.
That doesn't mean it's too late.
November 27, 2013, 10:16:35 PM
That will probably work.
Send my spouse out shopping with a btc loaded wallet. Bleah!well yeah, the hot wallets will also be prone to network theft, not unlike cash or credit cards, no real way around that, you just don't carry too much at one time.
It will be like the stores already where you can settle up in PayPal...but without dealing with motherfucking PayPal.
November 27, 2013, 10:14:58 PM
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train
Always coming too late...
Always coming too late...
How do you know it's too late ?
Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead
If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.
I can calculate.
Not an excuse to feel pissed in my opinion.
The guy who bought bitcoin at 20 usd might have hesitated and have felt pissed looking at a past price of 0.3 usd. What is the point of making yourself feel pissed ? Regret is a waste of energy and a recipe to create more regret in the future. It makes no sense to me.
November 27, 2013, 10:10:43 PM
I think you'll need more than that. Mrs. Shopper looks very closely at the price tags attached to the items on the rack.
yeah, and that's fine, Ms. Shopper can think of prices in USD and pick out a sweater for $45, upon approaching the till she asks the girl if she can pay in bitcoin. The girl smiles "of course" and slides a laminated QR code over to be scanned. Ms. shopper snaps it, enters $45, and pushes send, a few seconds later the till beeps and prints a receipt. Behind the scenes the phone app calculates the exchange rate and transfers the appropriate amount from a dedicated mobile hot wallet.
That will probably work.
Send my spouse out shopping with a btc loaded wallet. Bleah!On another note: Gox seems to be stabilizing ~ 1080 while stamp is disbelieving @ ~ 960.
November 27, 2013, 10:07:15 PM
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train
Always coming too late...
Always coming too late...
How do you know it's too late ?
Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead
If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.
November 27, 2013, 10:03:52 PM
I think you'll need more than that. Mrs. Shopper looks very closely at the price tags attached to the items on the rack.
yeah, and that's fine, Ms. Shopper can think of prices in USD and pick out a sweater for $45, upon approaching the till she asks the girl if she can pay in bitcoin. The girl smiles "of course" and slides a laminated QR code over to be scanned. Ms. shopper snaps it, enters $45, and pushes send, a few seconds later the till beeps and prints a receipt. Behind the scenes the phone app calculates the exchange rate and transfers the appropriate amount from a dedicated mobile hot wallet.
November 27, 2013, 09:59:04 PM
Anyone got any speculation for where we are headed in the short term?
Seem's like everyone's just so surprised we broke $1000 nobody planned any speculation for afterwards, and I need speculation.
Seem's like everyone's just so surprised we broke $1000 nobody planned any speculation for afterwards, and I need speculation.
Surprised ? Who ?
When it was crashing from 900 and we reached 550 USD I said : It will fall below 500 but 400 will hold. If 400 holds then we will hit 1000 USD within the next 10 days. And here we are 7 days later... All correct.
Expect more of the same, going up strong with some corrections/ crashes on the way. For exemple we maybe hit 1600 before crashing back to 1200, then resume rise.
I believe it can again double by the end of the year to 2000 USD. A more conservative estimation is 1500 USD by the end of the year.
In 2014 I believe we'll witness the bull through the 4 digits with the 5 digits in sight. When we reach 5 digits is anyone's guess but I personally see it happen within 12 months.
In a system of logarithms where your value goes up 10x in 10 months, the 1s should take about 4-5 of those months.
Even if we go up 10x in 5 months, like we did this year, the 1s should still take 2-3 months.
November 27, 2013, 09:53:35 PM
I think you'll need more than that. Mrs. Shopper looks very closely at the price tags attached to the items on the rack.
I agree about the CC raping though.
/Frank
I agree about the CC raping though.
/Frank
November 27, 2013, 09:51:24 PM
No. For one, because "the mainsteam" will be shopping in stores.
That's not gonna happen for a long time. Merchants will want a stable currency. They have to buy in fiat, so they price in fiat converted to btc. If they have to change their (btc) price every 15 minutes they will chuck it out with the garbage.
/Frank
bah
we just need a phone app that does the rate conversion seamlessly and merchants will flock to it, the CC companies are raping them
November 27, 2013, 09:44:11 PM
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train
Always coming too late...
Always coming too late...
How do you know it's too late ?
Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead
November 27, 2013, 09:42:41 PM
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train
Always coming too late...
Always coming too late...
November 27, 2013, 09:38:54 PM
No. For one, because "the mainsteam" will be shopping in stores.
That's not gonna happen for a long time. Merchants will want a stable currency. They have to buy in fiat, so they price in fiat converted to btc. If they have to change their (btc) price every 15 minutes they will chuck it out with the garbage.
/Frank
November 27, 2013, 09:30:50 PM
No problem, in North America at least, there has come a tradition of sales on this day and it is one of the busiest shopping days of the year in preparation for the Abrahamic consumption orgy of Christmas
Do you think the black-friday event could mainstream Bitcoin, so that no crash occurs?Edit: I read about this idea somewhere.
No. For one, because "the mainsteam" will be shopping in stores. And for two, because spending bitcoins usually results in a market sell.
November 27, 2013, 09:24:10 PM
And we reached $1000. My countdown is over with 2 days to spare.
Like clockwork I'm telling you.
Like clockwork I'm telling you.
Nice call. I didn't believe we'd make it when you made the announcement...
November 27, 2013, 09:14:17 PM
No problem, in North America at least, there has come a tradition of sales on this day and it is one of the busiest shopping days of the year in preparation for the Abrahamic consumption orgy of Christmas
Do you think the black-friday event could mainstream Bitcoin, so that no crash occurs?Edit: I read about this idea somewhere.
No. For one, because "the mainsteam" will be shopping in stores. And for two, because spending bitcoins usually results in a market sell.
November 27, 2013, 09:13:08 PM
Can anyone point me to the last transaction fee discussion.
I think we really need those fees to go down so people can start using mBTC a lot more.
I think we really need those fees to go down so people can start using mBTC a lot more.
November 27, 2013, 09:04:22 PM
crash?
the crash was cancelled
I did not get the memo the crash was cancelled
November 27, 2013, 08:53:46 PM
crash?
the crash was cancelled
the crash was cancelled
November 27, 2013, 08:51:43 PM
No problem, in North America at least, there has come a tradition of sales on this day and it is one of the busiest shopping days of the year in preparation for the Abrahamic consumption orgy of Christmas
Do you think the black-friday event could mainstream Bitcoin, so that no crash occurs?Edit: I read about this idea somewhere.
Jump to: