what you like best in Bitcoin ? - page 123.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: jt byte on September 11, 2015, 05:42:57 PM

Quote from: RealBitcoin on September 09, 2015, 02:27:01 PM

Quote from: hoian0809 on September 09, 2015, 01:44:05 PM

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Currently there are either no fees, or very low fees within Bitcoin payments.

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

The bank fees internationally are very high, if we compare these fee with bitcoin fees then it is just nothing.

it's not that bad as it used to be. my bank at the moment handles a 0.1% fee of the amount you want to send to other countries. which is still very high compared to bitcoin, but the bank fees are slowly comming down.

coinplus

legendary

Activity: 1386

Merit: 1058

I like all the innovations associated with bitcoins. I bow to the idea of creating decentralized money. It's highly possible only because of TCP/IP protocol. We need to thank Internet inventors. I owe to Satoshi Nakomoto for his invention and ideology. He must be the biggest scientist of this 21st century.

mavericklm

hero member

Activity: 742

Merit: 500

the fact that i can transfer it around the world in few seconds! and be sure about the transaction in ~half hour!

jt byte

hero member

Activity: 994

Merit: 500

Quote from: RealBitcoin on September 11, 2015, 06:31:06 PM

Quote from: jt byte on September 11, 2015, 05:42:57 PM

The bank fees internationally are very high, if we compare these fee with bitcoin fees then it is just nothing.

The bank fees are ultra high, it can be considered an extra tax on your money.

Imagine the big companies like google or microsoft that deal internationally, they pay millions of dollars, just in banking transaction fees, can you imagine that?

And the banks really book alot of money, but I dont think the banks like the high transaction fees. Now you might think why the fuck they do not like it when they are profiting tons of money from it.

But actually they dont because, they would prefer if all transactions were faster. See if TX cost is high ,then people dont transact much to save on the fees, and because of this a big lump develops which slows down the economy.

If the TX speed were faster, then the banks would profit way more than from TX fees, because the prices of the assets would rise much faster (stock market, etc.)

So I believe a lot of banks work hard to minimize the TX fees as much as possible (because most of is is just a cost of AML/KYC background checks and risks).

SO that is why banks like blockchain technology that much.

That's true, here comes a comparison(the transformation) Mail - > Email, the speed, time spent and the cost. So are and the banks we compare Bank - > Bitcoin, the speed and cost are better.
P.S i hate fees, especially hidden fees.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: jt byte on September 11, 2015, 05:42:57 PM

The bank fees internationally are very high, if we compare these fee with bitcoin fees then it is just nothing.

The bank fees are ultra high, it can be considered an extra tax on your money.

Imagine the big companies like google or microsoft that deal internationally, they pay millions of dollars, just in banking transaction fees, can you imagine that?

And the banks really book alot of money, but I dont think the banks like the high transaction fees. Now you might think why the fuck they do not like it when they are profiting tons of money from it.

But actually they dont because, they would prefer if all transactions were faster. See if TX cost is high ,then people dont transact much to save on the fees, and because of this a big lump develops which slows down the economy.

If the TX speed were faster, then the banks would profit way more than from TX fees, because the prices of the assets would rise much faster (stock market, etc.)

So I believe a lot of banks work hard to minimize the TX fees as much as possible (because most of is is just a cost of AML/KYC background checks and risks).

SO that is why banks like blockchain technology that much.

jt byte

hero member

Activity: 994

Merit: 500

Quote from: RealBitcoin on September 09, 2015, 02:27:01 PM

Quote from: hoian0809 on September 09, 2015, 01:44:05 PM

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Currently there are either no fees, or very low fees within Bitcoin payments.

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

The bank fees internationally are very high, if we compare these fee with bitcoin fees then it is just nothing.

fkvidar

hero member

Activity: 924

Merit: 1000

for me is its decentralized characteristic I have the freedom to have full control over what happens with my income and savings.

Shibashi Dogemoto

hero member

Activity: 840

Merit: 1000

What I like best in Bitcoin is it's existence. As simple as that

NoRespect

full member

Activity: 196

Merit: 100

Quote from: tarsua on June 28, 2015, 01:15:46 PM

For me its the low transaction fees, the fast confirmations and games are accepting it more and more now

I think that all people love
bitcoin has a very quick transactions with a small fee, even bank transactions in my country need to wait a few hours

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: Herbert2020 on September 08, 2015, 12:32:57 PM

Quote from: freeyourmind on September 08, 2015, 11:24:51 AM

Quote from: oxiyusuf on September 08, 2015, 10:57:58 AM

Quote from: phibay on September 08, 2015, 10:48:13 AM

i really like bitcoin itself and it has many factors and uses that i like but there is one thing i like best in bitcoin and that is its anonimity. i know it's not completely anonymous but compared to other payment processors, bitcoin is the best on anonimity.

although bitcoin remain anonymous has the disadvantage that you can not ask the bitcoin refund if it has been sent. therefore you should be careful

There can be a third party that can act as an intermediary for transactions, or something like an escrow service that ensures the seller completes their part of the transaction before releasing the payment.

then what is the point of using bitcoin? using a third party would be the same as using a bank or like using PayPal. and third parties don't come free either.
i think services need to built up their trust. for instance if steam starts accepting bitcoin, nobody would even think about not trusting it.

It wouldn't be like using a bank, in our current system of central banking. The money supply can't be manipulated and there wouldn't be a fractional reserve system, where you loan out several times more than what you have.

If bitcoin is going to get anywhere, it will need to enter the mainstream, and not having a dispute process for transactions will limit the number of people that will feel comfortable making payments like that. They'll stick to their credit cards and traditional banking.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: Herbert2020 on September 08, 2015, 12:32:57 PM

Quote from: freeyourmind on September 08, 2015, 11:24:51 AM

Quote from: oxiyusuf on September 08, 2015, 10:57:58 AM

Quote from: phibay on September 08, 2015, 10:48:13 AM

i really like bitcoin itself and it has many factors and uses that i like but there is one thing i like best in bitcoin and that is its anonimity. i know it's not completely anonymous but compared to other payment processors, bitcoin is the best on anonimity.

although bitcoin remain anonymous has the disadvantage that you can not ask the bitcoin refund if it has been sent. therefore you should be careful

There can be a third party that can act as an intermediary for transactions, or something like an escrow service that ensures the seller completes their part of the transaction before releasing the payment.

then what is the point of using bitcoin? using a third party would be the same as using a bank or like using PayPal. and third parties don't come free either.
i think services need to built up their trust. for instance if steam starts accepting bitcoin, nobody would even think about not trusting it.

I think he meant escrow. Perhaps he is not aware of existing escrow services

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: xhoneyael on September 10, 2015, 12:24:51 PM

Quote from: RealBitcoin on September 09, 2015, 02:27:01 PM

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

not all member here is like a big time who dont care about fee..
some member here do some faucet until now..its hard to earn 30k satoshi in faucet

But they get it into Faucetbox or Xapo, so the inter-faucet payment is free.

They only pay the fee when its withdrawn, and Xapo even covers those for you.

Small people should use those free payment processors.

xhoneyael

sr. member

Activity: 462

Merit: 250

www.AntiBitcoinTalk.com

Quote from: RealBitcoin on September 09, 2015, 02:27:01 PM

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

not all member here is like a big time who dont care about fee..
some member here do some faucet until now..its hard to earn 30k satoshi in faucet

Xenoph0bia

hero member

Activity: 966

Merit: 501

The best thing about Bitcoin is that we can carry any amount of Bitcoin easily - virtually. Bitcoins are easy to use, there are no transfer fees, its like our own bank and anyone can earn bitcoins by mining also. Many countries has shown positive response towards bitcoin and in the long run Bitcoin has a very bright future.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: Rumichbit on September 09, 2015, 04:14:32 PM

That you can earn amazing amounts of money and nobody in the outside world can notice it. While if you have some business out there and start having some success with them, envy will flow to you, and everybody will know how rich you are.

Not just envy, but thieves and parasites too.

People have to realize that privacy is very important. You dont tell anybody if you got 10 kilograms of gold in your wardrobe, because everybody in your city will come and rob you. You also dont post on facebook how much cash you have in your house...

If you have obvious wealth then you need security too (guards, alarm system, fences, etc.), and need to protect what is yours.

Bitcoin really preserves privacy, or atleast partially.

Rumichbit

full member

Activity: 132

Merit: 100

Bsupra C. Member

That you can earn amazing amounts of money and nobody in the outside world can notice it. While if you have some business out there and start having some success with them, envy will flow to you, and everybody will know how rich you are.

Cxinbolen

full member

Activity: 176

Merit: 100

Quote from: RealBitcoin on September 09, 2015, 02:27:01 PM

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

It's because most people here are busy doing micro-transactions that are a buck or two and they don't want to lose those precious little cents.

mrsalve

sr. member

Activity: 263

Merit: 250

That I can convert them to real cash fast. 1 business day.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: hoian0809 on September 09, 2015, 01:44:05 PM

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Currently there are either no fees, or very low fees within Bitcoin payments.

Its just funny that in another thread a guy cried to me about saying that the new bitcoin implementations would push the transaction fee higher.

Oh, bot so now we are worried that it goes from 15k satoshi to 30k satoshi, how horrible is that.

Meanwhile with the banking industry you pay 400$ + 10% comissions on a large bank transfer.

These guys are out of their minds.I wish we only had to cry about a few satoshi price increases, but they fail to realize that the banking industry is way more expensive.

hoian0809

legendary

Activity: 1020

Merit: 1000

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Currently there are either no fees, or very low fees within Bitcoin payments.

Topic: what you like best in Bitcoin ? - page 123. (Read 162354 times)