• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Bitcoin - Part 2

Status
Not open for further replies.
Belz... said:
It has a value like any currency. Unfortunately that value can fluctuate wildly, and it seems that for high amounts it's hard to convert BTC to USD; tippit's claim nonwithstanding.
Click to expand...

Obviously, I don't agree with you on the alien thread, over in R&P, but you're spot on on this one.
 
Fudbucker said:
Apple's throwing their hat in the ring???

I thought I might buy a few bitcoins, just like buying a few lottery tickets, but it looks like that ship has sailed.
Click to expand...

BTC might still have value as a speculative investment, but anyone who believes that it will ever have any great utility as a currency has to view the arrival of Apple Pay with great alarm. Why would anyone use BTC when a widely accepted, secure, stably-valued alternative is available?
 
psionl0 said:
I can't believe that you would endorse such a desperate overreach.

Just to put this silly nonsense to rest, currency notes make for very lousy toilet paper - especially the plastic variety that are used in Australia and other parts of the world. I wouldn't be burning them in the fireplace either since I don't know what noxious fumes would be produced.

If hyperinflation or some other problem rendered currency notes worthless, they would have no use whatsoever. Rather, disposing of the old notes would be the problem.
Click to expand...

Really?
 
psionl0 said:
Well done. You found another shortcoming of bitcoin; you can't collect defunct bitcoins and keep them as souvenirs.

I just wonder how many of those notes Zimbabwe had to dispose of before the remaining ones had any value as a collector's item.
Click to expand...

Trillions of 'em, I'd imagine. ;)
 
Saw this on Gizmodo: Large BTC mining op in Thailand went up in flames due to shoddy wiring (they deny this, but the images speak for themselves). Big enough to cause a drop in global mining rates. Equipment uninsured.
 
jhunter1163 said:
Because it renders Bitcoin superfluous. Why bother with BTC at all if you can use your iPhone to make secure payments?
Click to expand...
Why would another method to have USD taken out of your bank account render bitcoin superfluous?

Does Apple pay allow you to make instant payments around the world?
Can you have anonymous accounts with Apple pay?
 
jhunter1163 said:
Yes.
Click to expand...


Hmmm, you must have a different source to mine.
iPhone 6

One touch to pay with Touch ID. Now paying in stores happens in one natural motion — there’s no need to open an app or even wake your display thanks to the innovative Near Field Communication antenna in iPhone 6. To pay, just hold your iPhone near the contactless reader with your finger on Touch ID. You don’t even have to look at the screen to know your payment information was successfully sent. A subtle vibration and beep let you know.

https://www.apple.com/apple-pay/
Click to expand...
 
psionl0 said:
Hmmm, you must have a different source to mine.
Click to expand...

Maybe he misunderstood your meaning. You didn't specify that the payments around the world were to be made remotely. Possibly he's saying that payments can be made around the world in person (ie, when traveling).
 
Brian-M said:
Maybe he misunderstood your meaning. You didn't specify that the payments around the world were to be made remotely. Possibly he's saying that payments can be made around the world in person (ie, when traveling).
Click to expand...
Apple pay isn't global yet. It is still pretty much confined to the US although it is possible to use it in other countries if you have the "right" card (http://www.smh.com.au/digital-life/...-you-have-the-right-card-20141022-119ov9.html).

Either way, it is still comparing apples with oranges. They fulfill different roles and the success of one does not preclude the success of the other.
 
ponderingturtle said:
But how will you pay for hitmen then?
Click to expand...
Isn't it amazing that anybody who is not willing to let the government scrutinize their finances is automatically a dealer/terrorist/criminal with something to hide.

Why don't you just do away with the pesky constitution so you can really crack down on dissidents?
 
Status
Not open for further replies.

Back
Top Bottom