How To Use Bitcoin – The Most Important Creation In The History Of Man

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remirol said:
HTH
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Do you even understand that the instant-speed processing services I've described repeatedly mean that no other business would ever need to be created "around Bitcoin" for Bitcoin to be useful and viable?

As I just noted, you didn't say anything; you just filled a paragraph with buzzwords.
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Thanks, this is easily one of the most empty forms of "argument" I've ever seen. This is exactly the type of argument a creationist could use against any scientific information provided to them. I said an actual statement to you using relevant concepts. Make an effort to understand them like a mature adult.

Also, I don't respond to dictates from Internet weenies; if you want to continue this conversation with me, you will immediately moderate your tone.

Until you do so, this non-discussion is concluded; I will continue to respond and debunk your noise as I see fit, but I see no reason to actually _engage_ with you since you are clearly more interested in puffing up your own ego and chest-beating rather than actually explain why Bitcoin might be a good thing at all. As I said to mhaze, you need to take a page from psionl0's book. Right now all you've convinced me of is that Bitcoin attracts gold bugs like moths to a flame.
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I've already let the moderators know about your behavior. I'm sure they'll appreciate you now dipping into name-calling as well.

By the way, it's also been explained to you repeatedly that you being "convinced" of the value of Bitcoin is worthless and of no consequence.
 
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remirol said:
No, seriously. This is the conversation chain. What are you trying to say?
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Surely your memory isn't so "haze"y that you don't remember what I posted 10 hours ago (not to mention earlier posts about my personal circumstances).
 
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psionl0 said:
Surely your memory isn't so "haze"y that you don't remember what I posted 10 hours ago (not to mention earlier posts about my personal circumstances).
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Wow. Let me explain something to you. My personal circumstances are that I work from 7 to 5 each day, spend an unfortunate amount of time discussing strategy at work on the phone as well as getting actual work done, and am involved in a number of threads both here and elsewhere about a number of widely varying topics. What you posted 10 hours ago happened so long ago in my mental 'world' that, while not necessarily unmemorable, it's definitely not constantly at the forefront of my mind -- certainly not when I'm trying to multitask between an annoying conference call and a far more interesting conversation here. :)

I rely extensively on the quote feature for exactly this reason -- it points to what the heck we're talking about so I can respond quickly and 'in between' other things. :/ That's why I flipped back through the last few exchanges and I can't figure out what you're trying to hint at. Gimme a few minutes, I'm going to walk back and see what you've said, but I have a feeling that we're talking past each other with regard to the definition of "non-Internet", and I also suspect that I may have been unclear WRT why I would consider a storefront without a web presence yet still accepting Bitcoin to be wasting an opportunity to advertise itself to all the Bitcoin owners on the web. (You may be referring to the PIZZAMAKER/BITCOINEXCHANGE stuff, which i had planned on coming back to when I had a bit more time).
 
psionl0 said:
The Monarch Motel in Cheboygan, MI has been accepting bitcoins for nearly 2 years now. I guess their feet are not full of bullet holes yet. :D
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??? They have a web presence. You just linked to it. What I said was:

me said:
ETA: I suppose it's possible that someone could be doing BTC transactions storefront-only with no web presence, but that strikes me as one of those "see foot, shoot foot" scenarios given the nature of BTC.
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I'm almost certain at this point we're talking past each other; see prior message. The vast majority of users of Bitcoin are Internet-savvy, not just "joe schmuck user". If you have a business that offers a real product for Bitcoin (Monarch Motel qualifies) but don't have a web presence, then I would say someone is absolutely shooting themselves in the foot by not making the people who _have_ the new revenue stream they want aware that it's a thing they can buy.
 
remirol said:
If you have a business that offers a real product for Bitcoin (Monarch Motel qualifies) but don't have a web presence, then I would say someone is absolutely shooting themselves in the foot by not making the people who _have_ the new revenue stream they want aware that it's a thing they can buy.
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OK, that clears it up for me. :)
 
psionl0 said:
OK, that clears it up for me. :)
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(whew. Good, I'm not totally nuts. Also, note to self: a bit closer to one-thing-at-a-time might be a good idea. :) In fact -- hang on, let me clear my world out over here.)
 
psionl0 said:
Yes, I know. Bitcoin is a lousy currency. But if that is the way some people want to do business then a hard headed business man simply conducts a study to see if it is economically viable to do business with them.

The answer will vary from business to business. In my case, it would work out ok as long as I had access to a reliable bitcoin exchange. Walmart would probably find the cost of converting its checkouts to accept bitcoins prohibitively expensive compared to any extra revenue it might generate.
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No such thing as a reliable bitcoin exchange, given the nature of the system and the lack of regulation thereof.
 
remirol said:
Also, note to self: a bit closer to one-thing-at-a-time might be a good idea.
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I think it was the "given the nature of BTC" remark that threw me off the scent.

I hope you realize that now, anytime I disagree with you, I can accuse you of "multitasking". ;)
 
Almo said:
No such thing as a reliable bitcoin exchange, given the nature of the system and the lack of regulation thereof.
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Government regulation isn't necessary for reliability. The market place can be just as good a regulator.

Mt Gox seems to be one of the more secure exchanges (nowadays) but from what EGarrett says, it is still subject to delays in processing transactions. That might make me think twice about using it.

Still, for the amount of bitcoin business that I would likely do, EBAY might suit my purposes just as well.
 
Prometheus said:
Bitcoin in use.
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Bereit recently followed events as Bitcoin's value halved in less than six hours as a result of recent panic buying. But he remains unperturbed. "As my grandmother would say, it's only money, and it won't kill me if it doesn't work," he said. "The truth is, I really want to believe in it. And I like the fact that Bitcoin scares people in suits, because if this thing were to really take off, it would bankrupt a lot of bankers."
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LOL
 
psionl0 said:
And for the special prize, name the two dates in bitcoin history when that happened.
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More importantly, though: how to avoid or secure yourself against a likely third, or fourth, or...?

Also...

Patzer buys the beer for Room 77 from the nearby Rollberg brewery, owned and run by qualified brew and malt meister Wilko Bereit. He pays for the barrels with Bitcoins and, while Bereit says he doesn't fully understand the workings of the payment system, he is willing to trust it.
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Bereit recently followed events as Bitcoin's value halved in less than six hours as a result of recent panic buying. But he remains unperturbed. "As my grandmother would say, it's only money, and it won't kill me if it doesn't work," he said.
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To him I would say: Mr. Bereit, you are 38 years old and own a BREWERY. IN GERMANY. If all your bitcoin holdings go to **** and you are forced to stop accepting bitcoin, your business will remain nearly untouched because the demand for your product is something near "off the charts" to begin with and is unlikely to change. Sure, you're not in Bavaria or anything, but the three years your brewery's been open should already be enough to establish it as 'secure' -- plus, I'd like to know how much of your wealth is concentrated outside that brewery. (I really couldn't say; some people run their startups out of a splinter of an established wealth-accruing mechanism, others throw everything into it and say "fuggit, i'll be broke for awhile if it doesn't work")

Of course, this is actually a good example of the discussion before; the people who are willing to dip into this are the people who can literally take a flyer on it (cf. "speculate"), knowing that there's no significant way it can hurt them whether it goes well or not. I would be very interested in seeing what portion of his transactions occur in Bitcoin, but I'm also pretty sure that Mr. Bereit is not going to tell me that in the interests of his actual competitors not also finding out. :D It really wasn't accidental that I was curious about people _in this forum_ who were accepting bitcoins for their business, because there are some obvious practical problems with bitcoin that such a person would have already found solutions to, and (correct or not) those solutions could be examined.

ETA: Dammit, meant to add this: Bitcoin's viability will be proven when enough people who _can't_ afford to speculate start buying into it. Er, so to speak.
 
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