One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day

Post by bduerst » Fri, Nov 03, 2017, 5:31 PM UTC

jacobush wrote: post #73

bduerst wrote: post #53

Earlier quoted context omitted.

For most economic bubbles, one way you can track/detect them via correlated market is signals that diverge. For example, the housing bubble in 2008 was detected when rental and mortgage prices diverged greatly. Since the bare-bones value of Bitcoin is tied to the cost of computation power and electricity to mine, you could theoretically track the price of bitcoin vs. the cost of the computational power to mine bitcoi…

Still looking good by that metric then?

Post by joshribakoff » Mon, Nov 06, 2017, 9:31 PM UTC

bduerst wrote: post #72

joshribakoff wrote: post #67

Earlier quoted context omitted.

If both the shopper & retail store are using the same BTC exchange, or exchanges that trust each other, the exchange can just move the coins internally, which is instant. Retail outlets could also share information about scammers & create a blacklist of who not to trust, and then just accept the small amount of risk. Like you said, credit cards also have this problem but the frequency of chargebacks is low enough tha…

I read your entire paragraph and this just seems like a hammer looking for a nail. Credit cards automatically handle all of this (blacklisting, risk and fraud management, trustful 3rd party, etc.) so why would anyone want to use BTC for payments unless it's for things that CC companies won't touch (drugs, pirated software, etc.)?