Who do you think should be the fool to buy Bitcoin from you for 1000$+? - page 2.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: NotLambchop on December 11, 2014, 09:14:33 AM

Quote from: turvarya on December 11, 2014, 09:03:06 AM

...
It is really hard to discuss with you, since you are even too stupid to understand, what people are telling you or you are misunderstanding it on purpose.
So, one more time: The credit card company charges the merchant extra, this extra costs eventually winds ab with the costumer. Do you really think, they just swallow it, because they are so altruistic? Secondly credit cards works exactly the same in Austria than in the USA(as far as I know)

We are discussing the difference between using cash & debit cards (your scenario) vs. using CC (mine). Other than a few gas stations in podunk towns, I do not get cash discounts.
I do get CC perks.
Ergo, CC is less expensive for me to use than cash. If you feel like subsidising my CC use by transacting with cash, you go right ahead. Unless you recieve cash discounts, that's exactly what you are doing

and again: It is not the same in Austria, which is my whole point all along.
Do you want to go another round in this circle?

btw. I am pretty sure, there are also shops in USA, which generally don't accept credit cards and there for are generally cheaper. Maybe someone from the USA can confirm that.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: turvarya on December 11, 2014, 09:03:06 AM

...
It is really hard to discuss with you, since you are even too stupid to understand, what people are telling you or you are misunderstanding it on purpose.
So, one more time: The credit card company charges the merchant extra, this extra costs eventually winds ab with the costumer. Do you really think, they just swallow it, because they are so altruistic? Secondly credit cards works exactly the same in Austria than in the USA(as far as I know)

We are discussing the difference between using cash & debit cards (your scenario) vs. using CC (mine). Other than a few gas stations in podunk towns, I do not get cash discounts.
I do get CC perks.
Ergo, CC is less expensive for me to use than cash. If you feel like subsidising my CC use by transacting with cash, you go right ahead. Unless you recieve cash discounts, that's exactly what you are doing

Quote

Your last statement is misleading. Even when you get your money back(I don't think, that is always the case), there is still a lot of inconvenience involved, in contrary if your country just forbids old buggy technology.

Lol, when hax0ring happens:
-Worst case CC scenario: I don't want to bother with "inconvenience" & lose all my money.
-BEST case Bitcoin scenario: Money gone, OKTHXBI! Cheesy

turvarya

hero member

Activity: 714

Merit: 500

Quote from: NotLambchop on December 11, 2014, 08:42:53 AM

Quote from: turvarya on December 11, 2014, 08:28:06 AM

Quote from: NotLambchop on December 11, 2014, 08:15:06 AM

Quote from: turvarya on December 11, 2014, 08:11:42 AM

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

You still fail to explain why cc are better than atm cards.
I'd love to here that.

ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit.
In America, we use both Cool

By perks you mean an extra intermediary, who also charges extra?...

No, I mean frequent flier miles. My credit card charges me exactly as much as my debit (ATM) card--zero. If yours charges you, you must be a deadbeat with lousy credit rating Undecided

Re. your link: One of the advantages of credit/debit cards over Bitcoin is not having to worry about the technology getting hax0rd. The bank/CC company carries all the risks

It is really hard to discuss with you, since you are even too stupid to understand, what people are telling you or you are misunderstanding it on purpose.
So, one more time: The credit card company charges the merchant extra, this extra costs eventually winds ab with the costumer. Do you really think, they just swallow it, because they are so altruistic? Secondly credit cards works exactly the same in Austria than in the USA(as far as I know)

Your last statement is misleading. Even when you get your money back(I don't think, that is always the case), there is still a lot of inconvenience involved, in contrary if your country just forbids old buggy technology.

NotLambchop

sr. member

Activity: 378

Merit: 254

^My facts are right:

Quote

In the US patent record, Luther George Simjian has been credited with developing a "prior art device".[5] Specifically his 132nd patent (US3079603) was first filed on 30 June 1960 (and granted 26 February 1963). The roll-out of this machine, called Bankograph, was delayed by a couple of years, due in part to Simjian's Reflectone Electronics Inc. being acquired by Universal Match Corporation.

-- http://en.wikipedia.org/wiki/Automated_teller_machine

OnkelPaul

legendary

Activity: 1039

Merit: 1005

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

US Invention?
http://en.wikipedia.org/wiki/John_Shepherd-Barron & http://en.wikipedia.org/wiki/James_Goodfellow

Get your facts right.

Onkel Paul

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: turvarya on December 11, 2014, 08:28:06 AM

Quote from: NotLambchop on December 11, 2014, 08:15:06 AM

Quote from: turvarya on December 11, 2014, 08:11:42 AM

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

You still fail to explain why cc are better than atm cards.
I'd love to here that.

ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit.
In America, we use both Cool

By perks you mean an extra intermediary, who also charges extra?...

No, I mean frequent flier miles. My credit card charges me exactly as much as my debit (ATM) card--zero. If yours charges you, you must be a deadbeat with lousy credit rating Undecided

Re. your link: One of the advantages of credit/debit cards over Bitcoin is not having to worry about the technology getting hax0rd. The bank/CC company carries all the risks

Re. your edit: Credit card fraud constitutes FIVE CENTS FOR EVERY $100 of transactions. And the trend's downward

turvarya

hero member

Activity: 714

Merit: 500

Quote from: NotLambchop on December 11, 2014, 08:15:06 AM

Quote from: turvarya on December 11, 2014, 08:11:42 AM

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

You still fail to explain why cc are better than atm cards.
I'd love to here that.

ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit.
In America, we use both Cool

By perks you mean an extra intermediary, who also charges extra?
We also have a free month's worth credit, but we are not just that stupid to pay today with the money we might have in the future. Sure, we take credits, but not just as lightly as US-Americans, too.
Btw. speaking of old technology, you might be interested in that:
http://www.vienna-expats.at/articles/18-living-in-vienna/40-geocontrol-additional-security-bankomatkarten-abroad.html
USA is one of this countries, which has this problem with Skimming, since your ATM machines use an old technology.

Edit:
I just looked at the list of secure countries seeing that it is more secure to use your ATM card in Ukraine than in the USA. Do you still thing your country's technology is high sophisticated?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: turvarya on December 11, 2014, 08:11:42 AM

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

You still fail to explain why cc are better than atm cards.
I'd love to here that.

ATM cards are nothing but CC without the perks. They also don't offer you a free month's worth of credit.
In America, we use both Cool

turvarya

hero member

Activity: 714

Merit: 500

Quote from: NotLambchop on December 11, 2014, 08:05:33 AM

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

You still fail to explain why cc are better than atm cards.
I'd love to here that.

NotLambchop

sr. member

Activity: 378

Merit: 254

^
Yes, ATM, a US Invention. Enjoy using our hand-me-down technology

turvarya

hero member

Activity: 714

Merit: 500

Quote from: NotLambchop on December 11, 2014, 07:32:40 AM

Quote from: turvarya on December 11, 2014, 07:18:53 AM

...Credit Cards are not that widely used here in Austria.

Not every country adopts to modernity as quickly as USA.
Nothing wrong with that, you'll catch up. There are other developing countries where CC use is even less prevalent.

Are you trying to be funny or are you just an idiot? We don't need CC since we just use ATM cards = less fees, more secure, same convenience.
Calling CC modern is one of the stupidest things, I have heard in a long time.

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

^^^^ Says the advocate of bronze age money.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: turvarya on December 11, 2014, 07:18:53 AM

...Credit Cards are not that widely used here in Austria.

Not every country adopts to modernity as quickly as USA.
Nothing wrong with that, you'll catch up. There are other developing countries where CC use is even less prevalent.

turvarya

hero member

Activity: 714

Merit: 500

Yesterday I heard about a small bar, that just accepts cash and Bitcoins, because the fees for credit cards and ATM card is just too high for them.
In Austria a lot of merchants that accept credit cards charge extra for that.
I am really amazed how a lot of people just don't realize, that there are other countries, with other laws, fee structure and mentality. Credit Cards are not that widely used here in Austria.

gr8n8

full member

Activity: 144

Merit: 100

people will still buy because a $1000 bitcoin still gets you $1000 worth of goods or services at that time

tabnloz

legendary

Activity: 961

Merit: 1000

I don't know who will buy coins at $1000 or whether or not I will have the right to call them a fool.

My take is that btc will continue to gain acceptance, but I don't know when the price will 'turnaround'.

I think it will be something like a major economic shock that sees a run to bitcoin; there is plenty happening at the moment, noticed this today.

http://uk.reuters.com/article/2014/12/10/uk-ecb-banks-idUKKBN0JO1PH20141210

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: fewcoins on December 11, 2014, 02:16:10 AM

Quote from: BTCat on December 10, 2014, 07:06:05 AM

Large investment firms can buy on the tops. In dec 2013 there have been million $ funds that moved into bitcoin at premium ($1,000 +).

Wow you guys all sound like idiots who have no idea how companies work, especially in the investment field...

NOBODY WILL PAY THAT MUCH FOR BITCOIN EXCEPT YOU IDIOTS!!!

You'll keep buying and buying again even though we are down over 70%
This is why the slow bleed down will continue... nice and slow... extracting your "worthless" fiat every week

What a coincidence, that's exactly how you sound.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: BTCat on December 10, 2014, 07:06:05 AM

Large investment firms can buy on the tops. In dec 2013 there have been million $ funds that moved into bitcoin at premium ($1,000 +).

Wow you guys all sound like idiots who have no idea how companies work, especially in the investment field...

NOBODY WILL PAY THAT MUCH FOR BITCOIN EXCEPT YOU IDIOTS!!!

You'll keep buying and buying again even though we are down over 70%
This is why the slow bleed down will continue... nice and slow... extracting your "worthless" fiat every week

kwukduck

legendary

Activity: 1937

Merit: 1001

Yes, what crazy fools to get fractions of currency worth 1000000 per unit which he can spend for the same real world value in goods and serviced...

All them fools getting USD's...

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: criptix on December 10, 2014, 05:48:00 PM

Quote from: NotLambchop on December 10, 2014, 05:19:38 PM

Quote from: criptix on December 10, 2014, 05:17:43 PM

...
@dell:
i think the clue was about where you would buy from. i think it was like a discount of 20-30% if you bought dell products via btc from china or similiar.

Link pl0x. I could find nothing.
For Overstock too, if possible. "My uncle's friend heard it on IRC" doesn't cut it.

@overstock

http://www.coindesk.com/overstock-ceo-patrick-byrne-1-6m-bitcoin-sales/

Thanks, I followed the 10% link in the article, which landed me here, but couldn't find a ref. to him holding 10%. Then I realized I misunderstood the intended meaning, which is: At the time the article was written, "CEO Patrick Byrne ... now holds "several million dollars" in bitcoin, having recently invested in the currency."

TL:DR: As I understand it, he is not keeping a percentage of the sales, he holds (owns) several mil$ worth of BTC, which constituted 10% of Overstock's BTC sales to date. If this is unclear (my fault), I can try to explain it beterer.

Quote

@dell

they had an up to 15% discount promotion of alienware stuff.

and if you bought from china with bitcoins you would have saved around 45% because of their foreign exchange controls.

https://bitcointalksearch.org/topic/dell-china-and-bitcoin-701178

i have a favor good now, took me like 2030 minutes to dig that out --"

Thanks for taking the time (no sarcasm). Maybe it did take place, but this: "Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). ... He saved 46%" is exactly what I meant by "my uncle's friend from IRC"-- unverifiable, anecdotal evidence. This fora are full of stuff like this.

Regardless, thanks again for taking the time to find it.

Topic: Who do you think should be the fool to buy Bitcoin from you for 1000$+? - page 2. (Read 4791 times)