Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Newegg is now accepting Bitcoin

promotions.newegg.com

Post reply on HN
Print view View original

101–110 of 212 posts

Re: Newegg is now accepting Bitcoin

#101

Post by coldtea »

mrb wrote: post #72
sanswork wrote: post #50

Earlier quoted context omitted.

Except when that happens with credit cards you're protected from loss so it doesn't matter as a consumer.

How naive you are. You could basically be arrested and branded as a pedophile if your CC info is stolen: http://news.bbc.co.uk/2/hi/uk_news/magazine/7326736.stm I recognize this is an extreme story, but you cannot claim that CC info theft "does not matter". When it happens, there are many ways in which it can turn in a big pile of hassle for you.

This is a BS, extremely naive argument in favor of bitcoin.

For one, you can very much have the same happen to any bitcoin user, using their personal details online in such sites.

Re: Newegg is now accepting Bitcoin

#102

Post by jusben1369 »

mrb wrote: post #72
sanswork wrote: post #50

Earlier quoted context omitted.

Except when that happens with credit cards you're protected from loss so it doesn't matter as a consumer.

How naive you are. You could basically be arrested and branded as a pedophile if your CC info is stolen: http://news.bbc.co.uk/2/hi/uk_news/magazine/7326736.stm I recognize this is an extreme story, but you cannot claim that CC info theft "does not matter". When it happens, there are many ways in which it can turn in a big pile of hassle for you.

For better or worse MRB there are literally millions of cards stolen and compromised each year. And the biggest inconvenience 99% of these people suffer is waiting 4 days for a new one in the mail and having to remember to update their various subscriptions. So there might always be a horror story or two like the above but it's not really an effective rebuttal against the main point which is credit card fraud is not borne by the individual.

Re: Newegg is now accepting Bitcoin

#104

Post by jusben1369 »

xur17 wrote: post #86
coldpie wrote: post #83

Earlier quoted context omitted.

Please consider using cash at small and local businesses when possible. You pay the same amount either way, and the extra 2-3% goes to the local business instead of to Visa. Additionally, I've been to one or two stores that will actually give a small discount on cash purchases. I hope that trend continues.

I do tend to somewhat favor cash when using food trucks, and other small stores - I figure it's a little faster than waiting for them to fiddle with their phone, and it saves them a little bit of money.

Yeah but the other night I stopped at a Mexican food truck and was without cash. They didn't have Square or anything. I drove 3 blocks to the ATM only to buy something next to the ATM vs go back. So for my family of 4 I put $50 into one store vs the food truck. So a $50 lost sale is a lot of 2-3% to make up by not accepting cards at all.

Re: Newegg is now accepting Bitcoin

#105

Post by moe »

jdong wrote: post #94
moe wrote: post #91

Earlier quoted context omitted.

That's true. Still 100% growth per year is not exactly 'no growth'.

Absolutely, but the numbers are still incredibly low. The customer adoption is only at a few thousand transactions per day. Those numbers would have to go up at least hundredfold for Bitcoin to be taken seriously as a currency.

Bitcoin is only 4 years old. Maybe it just takes a little longer to take over Visa in transaction volume? I really don't know what people like you expected.

If it proceeds to double in size every year then the numbers will stop being 'incredibly low' very soon.

Re: Newegg is now accepting Bitcoin

#106

Post by NSEDhom »

jdong wrote: post #94
moe wrote: post #91

Earlier quoted context omitted.

That's true. Still 100% growth per year is not exactly 'no growth'.

Absolutely, but the numbers are still incredibly low. The customer adoption is only at a few thousand transactions per day. Those numbers would have to go up at least hundredfold for Bitcoin to be taken seriously as a currency.

Apparently they don't have to go up at all for it be taken seriously by Newegg, Overstock, Dish, and Tiger Direct.

Re: Newegg is now accepting Bitcoin

#107

Post by NSEDhom »

walden42 wrote: post #76
sanswork wrote: post #2

Pay 1% more(or 3%-8% more if you have a cash back card and depending on where you bought your coins) to save them 2% and lose all consumer protections in the deal. It's no wonder there is almost no consumer growth in the bitcoin world while new merchants are announced every other day.

I don't need consumer protection at Newegg. I don't know anyone that's ever had an issue with them.

Agreed. I've had to return things, replace damaged shipments, etc. Newegg has always been extremely helpful. I guess dishonest people can't imagine a scenario where merchants behave that way to, I don't know, retain customers instead of being forced to because their payments are being held hostage.

Re: Newegg is now accepting Bitcoin

#108

Post by NSEDhom »

sanswork wrote: post #52
aianus wrote: post #43

Earlier quoted context omitted.

That's not true, it's cheaper for me to buy things on Amazon with Bitcoin via Gyft (3% cashback) than using my credit card (1% cashback) or debit card (nada).

You're ignoring the cost of acquiring bitcoins in that 3%. Also cheaper still to buy gift cards via raise, cardpool, giftcardgranny, hundreds of other results for "discount gift cards" which are 3%-6% off AND get your 1% cash back.

Your own specious arguments also ignore the cost over exchange quoted prices in acquiring Bitcoin, and make a lot of incorrect assumptions to boot. You seem very vested in making this sound like bad news. I guess your job as a shill is in jeopardy? Better post more.

Re: Newegg is now accepting Bitcoin

#109

Post by NSEDhom »

chrismorgan wrote: post #32
oleganza wrote: post #25

Earlier quoted context omitted.

Paying in Bitcoin makes a lot of sense: 1) You don't have to provide private info like CC number. 2) If you bought bitcoins at X and now they are valued at 10X you may effectively enjoy 90% discount on all purchases. All these mythical user-protecting chargebacks are almost never used by consumers for refunds (companies who care about brand help them settling refunds) and almost always for the cases when you CC detai…

And if you bought bitcoin at 10X and they are now valued at X you may effectively enjoy paying 1000% of asking price on all purchases.

The vast majority of Bitcoin purchases happened at below the current market value. Which I guess is what makes people so bitter they didn't buy earlier?

Re: Newegg is now accepting Bitcoin

#110

Post by NSEDhom »

lttlrck wrote: post #74
mrb wrote: post #70

Earlier quoted context omitted.

You completely ignored my 2nd paragraph. NONE of the theft victims you read about used hardware wallets.

They'll be replaced by people that forgot their PIN and lost the paper backup.

If you refuse to take any responsibility in life, Bitcoin is not for you.
Post reply on HN