It solves a massive problem. For example, let's say I have a friend in Ghana with a hungry goat, and I want to send $50 to help feed the thing. Currently, I need to register with say PayPal, provide full contact info, two pieces of photo ID, utility bill, credit card, bank account, and phone #, all of which need to be verified. My friend in Ghana has to do the same to accept the money.
Once that's out of the way, I have to fund my PayPal account, then send her the $50. Since it's from Thailand -> Ghana though, it'll probably get marked as fraud. So now I have to spend 90 mins of my morning on the phone with PayPal customer support trying to convince them it's actually my $50, and I do actually want to give it to my friend, with hopes they don't freeze the funds for 180 days.
On top of this, I have to pay like 3% or whatever it is for the privilege. Christ, all I want to do is give a goat in Ghana a nice dinner. With bitcoin though, virtually all of that shit disappears.
What do you guys think of the Ghash.io 51% deal going on. That is kind of scary.:hollering:
WARNING: GHASH.IO IS NEARING 51% - LEAVE THE POOL » Cryptocurrency News, Bitcoin, Litecoin, and Altcoin news
All these opinions continue about bitcoins. No one cares, the price is what it is, and either pay it, accept it, or don't. When someone wants to buy from you with bitcoins and you say
"no, my opinion is that we should not accept these"...some very smart people can't admit they were wrong and also some still are stubborn.
If I wasn't so lazy I would pull up the post when it pulled back from $120 t0 50 and I said to give it a go if you have risk tolerance. From here....Short term downside 600 and longterm upside 10 k plus if I had to bet on it.
Hey I didn't buy either (I was either too lazy or could not find them depending on my ego)
"Dumbass" you were right both times lol
$25 away from hitting $1000 equiv on btc china
Had the btc stock exchange not shut down I would have made around $3.2 million dollars with my real estate company.
whats the update for this?
Bitcoin payment option now live on Overstock US
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