| Bitcoin idiot #2 on 13:29 - Jan 14 with 1186 views | TJS |
Would that be giving everyone in Newport a few hundred in actual pounds or a 'few hundred' in bitcoins ? |  | |  |
| Bitcoin idiot #2 on 13:48 - Jan 14 with 1138 views | factual_blue |
| Bitcoin idiot #2 on 13:29 - Jan 14 by TJS |
Would that be giving everyone in Newport a few hundred in actual pounds or a 'few hundred' in bitcoins ? |
I would imagine so. |  |
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| Bitcoin idiot #2 on 13:51 - Jan 14 with 1127 views | snudge27 |
He seems, also, to be ignoring the disconnect between the notional value of cryptocurrency, and what he might be able to sell it for in the marketplace.
Am I right in thinking that very few legitimate businesses will accept Bitcoin as a means of payment so, unless he's wanting to buy drugs, hookers, and hitmen, he's going to be bang out of luck? |  |
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| Bitcoin idiot #2 on 13:56 - Jan 14 with 1105 views | jeera |
| Bitcoin idiot #2 on 13:51 - Jan 14 by snudge27 |
He seems, also, to be ignoring the disconnect between the notional value of cryptocurrency, and what he might be able to sell it for in the marketplace.
Am I right in thinking that very few legitimate businesses will accept Bitcoin as a means of payment so, unless he's wanting to buy drugs, hookers, and hitmen, he's going to be bang out of luck? |
"buy drugs, hookers, and hitmen."
I can't be the only one struggling to see a problem here. |  |
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| Bitcoin idiot #2 on 13:58 - Jan 14 with 1098 views | homer_123 |
| Bitcoin idiot #2 on 13:56 - Jan 14 by jeera |
"buy drugs, hookers, and hitmen."
I can't be the only one struggling to see a problem here. |
Trade it for ingame GTA currency? |  |
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| Bitcoin idiot #2 on 13:59 - Jan 14 with 1093 views | jeera |
| Bitcoin idiot #2 on 13:58 - Jan 14 by homer_123 |
Trade it for ingame GTA currency? |
You know, every time you people use these abbreviations, people like me have to look them up! | |
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| Bitcoin idiot #2 on 14:02 - Jan 14 with 1088 views | bluelagos |
| Bitcoin idiot #2 on 13:56 - Jan 14 by jeera |
"buy drugs, hookers, and hitmen."
I can't be the only one struggling to see a problem here. |
You know what say "If you haven't snorted cocaine off the arse cheeks of a Brazilian crack whore..." |  |
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| Bitcoin idiot #2 on 14:05 - Jan 14 with 1083 views | footers |
| Bitcoin idiot #2 on 13:51 - Jan 14 by snudge27 |
He seems, also, to be ignoring the disconnect between the notional value of cryptocurrency, and what he might be able to sell it for in the marketplace.
Am I right in thinking that very few legitimate businesses will accept Bitcoin as a means of payment so, unless he's wanting to buy drugs, hookers, and hitmen, he's going to be bang out of luck? |
Mainstream adoption has always been the problem with crypto as a whole. As we saw with Ripple recently, they had been touting that a Mexican bank would finally be adopting it as an inter-bank transfer model, thus disposing the need for clearing houses.
There are quite a few retail places (mainly in Scandinavia and Asia) that do accept a varity of cryptos though.
Incidentally, I was chatting with a friend of mine who is in the markets the other day. Someone he knows has $2.9bn in BTC that is in 'cold storage' ie not on the blockchain so can't be readily sold. He is entertaining clients face-to-face at a hotel in Malta. You must bring your lawyer and a minimum of $200k and you'll receive a flash drive with your off-chain BTC on. What a world we live in, eh. |  |
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| Bitcoin idiot #2 on 14:19 - Jan 14 with 1041 views | StokieBlue |
| Bitcoin idiot #2 on 14:05 - Jan 14 by footers |
Mainstream adoption has always been the problem with crypto as a whole. As we saw with Ripple recently, they had been touting that a Mexican bank would finally be adopting it as an inter-bank transfer model, thus disposing the need for clearing houses.
There are quite a few retail places (mainly in Scandinavia and Asia) that do accept a varity of cryptos though.
Incidentally, I was chatting with a friend of mine who is in the markets the other day. Someone he knows has $2.9bn in BTC that is in 'cold storage' ie not on the blockchain so can't be readily sold. He is entertaining clients face-to-face at a hotel in Malta. You must bring your lawyer and a minimum of $200k and you'll receive a flash drive with your off-chain BTC on. What a world we live in, eh. |
Bitcoin isn't even very good technology, it's totally unscalable in it's present form and there is a finite amount of available coins (about 25% are already thought to be lost). Things are being done to address scalability but not very quickly.
I also see that most UK banks (except HSBC) won't accept deposits from crypto exchanges so going to be tricky for some to get their money out as it stands. There are of course always ways I am sure.
It's a speculation instrument at the moment. Some would say a hedge against the real world markets but that's debatable. Given this some people will need to try and get their money out at some point.
SB |  |
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| Bitcoin idiot #2 on 14:43 - Jan 14 with 981 views | NthQldITFC |
| Bitcoin idiot #2 on 13:59 - Jan 14 by jeera |
You know, every time you people use these abbreviations, people like me have to look them up! |
WTF - it's an extremely well-known TLA, FFS! |  |
| # WE ARE STEALING THE FUTURE FROM OUR CHILDREN --- WE MUST CHANGE COURSE # | | Poll: | It's driving me nuts |
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