I don't think I have the same protections bitcoins with a CC. I am trying to earn some bitcoins earn have just started with the efforts to earn some bitcoins. Yes so bitcoin people keep claiming. The most recognized cryptocurrency also the first is bitcoin or BTC. Then, once they than interested, then you can start talking about what it really does. After over two years in stealth mode, the bitcoin mining how manufacturer, Bitcoin Brothers faster launching its hosted kiss mining services,
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Over time, which seems insane now I have roughly had about 5 BTC. Bitcoin mining is not a way to earn Bitcoin fast or free. Let's call it — investing in bitcoin with the strategy "buy and hold. Instead of saying, "Bitcoin is digital cryptocurrency, consensus network, decentralized peer-to-peer payment network, that is powered by its users with no central authority or middlemen", wouldn't a better marketing pitch be as simple as like: Say goodbye to your bitcoins! Not yet happens but still struggling to make it happen.
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This is the route you should take if you're thinking about mining. Can we stop saying bitcoin fees are 5 cents? It's not a company with a CEO, it's decentralized. Bitcoin Core is the backbone of the Bitcoin network. But buying bitcoins - and hoping their price will go up - is just one side of the story.
Bitcoin is a completely different thing than Applepay and paypal and not a competitor to either. Bitcoin is like the USD and euro. It's a currency, not a payment processor. Yes, bitcoin is currency and not payment processor and i wan't trying to make point on what bitcoin is and how it compares to paypal or ApplePay, I was pointing on what might be better way to MARKET bitcoin.
I was talking about marketing strategy and everyone seem to think i was comparing bitcoin with paypal or AppleyPay. May be my post wan't clear enough. I understand perfectly, you don't seem to get my point. They become bitter against bitcoin and will never use it again, plus they'l probably tell other people that it sucks as well.
We need good marketing that's also accurate if we want to accomplish something long-term. With your approach we'l get a lot of users fast but we might lose them just as quickly and end up in a much worse position than we are currently. After reading this thread I am honestly considering selling all of my bitcoins. If the community is truly this dense, bitcoin has no chance of a future. Your idea is dead on - use terms anyone will understand, the accuracy is much less important. Then, once they are interested, then you can start talking about what it really does.
That is pretty basic marketing - and it works, because it gets past a HUGE barrier: If you start your explanation with the word decentralized - if the person hasn't heard that term commonly used, their brain will stop paying attention right there. Sell your Bitcoins or not, don't care either way, but this community is just a bunch of random people on a subreddit.
If you want to really get a feel for how Bitcoin is being marketed, look at some of the more successful Bitcoin services: Of all of those companies, the only one I've seen with a wooden marketing tone is blockchain. You know it is nothing like the thing you are saying it is like.
You are doing far more harm here than good. This is not a problem when using bitcoin. Using a credit card online a real concern for me, and has prevented me from making purchases lately after hearing of several CC hacking incidents. As they should be. When merchants don't play fair or jeopardize their customers cc info they need to pay for it. Advocating that consumers should bear that brunt is retarded.
Except when I go to Target and buy something, get my credit card info stolen, and then that credit card is used at Victoria's Secret do you really think it is fair for Victoria's Secret to get stuck with the fraud when Target is the one who exposed the info?
They should be checking the signatures. It's their problem if they don't. And they should pay for that. It's actually a debit card. I don't think I have the same protections as with a CC. Also there is the hassle of reporting the fraud, fighting the charges and getting a new card issued.
It does and there is no hassle you call your bank say these charges were fraudulent and they will express send you out a new card that you'll have in a day or two. Yes the "hassle" of being reimbursed your losses is terrible , isn't it? It's great that Gox users don't have to burden themselves with the great "hassle" of not losing money.
There would be no losses AND no hassles if purchasing online with bitcoin. Gox users learned a tough lesson. Don't give up your private keys. Bitcoin not at fault. I think the big thing you're missing here is that , aside from being non-liable for any losses , credit card users only take any sort of risk when making a purchase.
Your bitcoins are at risk simply sitting in your wallet , your savings could be irreversibly taken at any time whereas credit card users , in a few cases, may be temporarily exposed to fraud. Yeah , congratulations, your bitcoin transactions are immune to fraud.
Unfortunately your entire bitcoin savings isn't immune to irreversible theft. This is true but now you've changed your story. CCs are bad because reasons, well actually I lied and it wasn't a CC afterall but my point still stands. I don't have a CC. It is a debit card. If it has the visa or MC logo on it you're insured against losses. If it doesn't you won't be able to use it online anyhow.
They do but not as well as a credit card will. For instance you must report the loss sooner than what a credit card requires. The vast majority of debit cards are insured as well nowadays. In fact, if you can use it to buy something online, it's going to be insured.
Someone is paying for that. Actually it's primarily the bank. Banks operate checking accounts at a loss in order to attract people to them That's called a "loss leader". The majority of costs associated with a checking account, including insurance, are covered through revenue from other banking services as well as lending customer deposits.
Fees make up a minority part of funding. Merchant costs for accepting credit cards are passed to the processors who then pass those costs to the merchants. Each chargeback incurs them the cost of the charge plus a fee. If the merchant reaches a chargeback threshold i. I have merchant agreements from many different payment processors and this is a common thing to see in those agreements.
The protection he was talking about was protection from hacking and fraud. If that occurs credit card users aren't liable. If your bitcoins are stolen you are fucked. You really missed the point there. Ask any Gox user or anybody who has had bitcoins stolen how much of a non-issue it is.
Gox users left their private keys with Gox. If I make a purchase with bitcoin online, neither the merchant nor a would be hacker has access to my private keys. To be fair, if you make a purchase online using the extremely old method, mailing cash, and never get the product, you lose money too. There are hundreds of cases of people losing BTC via malware or whatever.
When your CC gets used fraudulently you call a company and the problem is solved with no liability to you. If someone gets a hold of your bitcoins you kiss your money goodbye forever. I bought Wasteland 2 on Steam last night using PayPal.
I paid no fees. In what way would paying with bitcoin have been cheaper, faster and much better for me? It's irrational to choose a cheaper form of payment to the merchant unless they give me a discount that's worth it. Why should I go through the hassle of using bitcoins buying them, securing them, and using them while losing the benefits I currently have cash back, buyer protection, credit line to save someone else money?
Its a horribly bad selling point because no one in their right mind is going to believe that the savings will be passed on to the consumer. People realize that the costs involved for the merchant are not directly translated to the consumer and if the "advantage" of bitcoin is saving the merchant some fees, its not a compelling argument to say that lowering those fees will lower consumer prices.
I agree with you but I think his point about fees is there's no middleman who's taking a cut banks or credit card companies. I get that, but its the consumers who drive adoption and the consumers don't see the fees. Telling people they should use bitcoin because "no fees!
Yeah, let's market bitcoin by telling people, " you're too stupid to understand bitcoin but trust me, it's better". The reason they are fixated on trying to explain bitcoin is because if they don't understand it, how can they trust it? Among all those who have trusted money, how many of them do you think understand the current monetary systems? I don't, do you? And send pieces of it to others through the internet. It isn't cheaper for customers though nor faster and much better is vague hand waving that no one pays attention to.
How much do you pay to send money to a merchant with paypal? How about to a friend? Receiving on larger invoices ends up with hundreds of dollars in fees. Which as the customer I don't care about. I'm not in the minority either. Yeah I guess I missed the point you were making, which is very true that Paypal is still better for the consumer. As a freelancer, when collecting larger amounts of money I try to avoid using credit cards, but there's so much delay and hassle around using checks.
Basically I wish there was some instant, low cost way to send and receive larger amounts money. Especially over longer distances. If you're less than that credit cards are probably your cheapest. You could also look at ACH which is dirt cheap.
Or you can use bitcoin but with these fluctuations in price you can loose. I end up usually just eating the credit card fee on most of them. Or waiting weeks for the "check in the mail". Mining Pools Exploited 0. Earn Free Bitcoins every 5 minutes! The faucet will gradually fill up until you make a claim. X Bitcoin generator Net!
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Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data.
This is perhaps somewhat more secure than either server-assisted clients or header-only clients. Full Member Offline Activity: Andrelvogue on September 24, , Hero Member Offline Activity: ICO Starts 8th Sept Kprawn on September 24, , If you go through this whole thread, and if everyone is talking the truth, we could come to the conclusion that very little are being hoarded by members on this forum.
The same kind of reckless spending we find with fiat, also spill over to the way people use Bitcoin. I would have thought with Bitcoin having such a good investment potential,.
Not yet happens but still struggling to make it happen. Hope for the best.