121–130 of 374 posts
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You purchase a prepaid debit card with cash.
In a store with cameras.
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In a store with cameras.
is it that different from buying bitcoins by meeting physically with someone and paying cash? or do you buy bitcoins from your personal computer? I guess no way will be truly anonymous
Question for Stripe folks. At creation, Stripe guarantees an exchange rate that is usable for 10 minutes. If the customer sends bitcoin to the receiver after the 10 minutes have expired, we’ll still process the transaction but the conversion amount will no longer be guaranteed. Say I am a merchant, and I want to make $10 on my transaction. With a 0.5% fee: - Without BTC, I charge $10.05 to the user, you take 5 cents,…
I don't know the answer to this but given the user is the one who didn't complete the transaction in 10 minutes they are probably held responsible. I would guess if it was underpaid they would have to send more to the address (the same as if they only paid half the bill). If it's overpaid they probably send the overpaid amount back as a refund to the address it was sent from (or keep it).
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The world's simplest reasons why you might pay something using bitcoins is simply when this is the only way, or cheapest way, or safest way to make a transaction. Example #1: some merchants are hit really hard with fraud, such as intangible goods paid by international credit card transactions. So hard that they decided to stop selling internationally. These merchants discover that Bitcoin re-enables them to sell inte…
It took me no less than one hour to pay for a flight the other day, because of various cc-related problems, not the least of which being the train wreck that is Verified by Visa. I so, so wished for a Bitcoin option...
Earlier quoted context omitted.
You purchase a prepaid debit card with cash.
In a store with cameras.
Earlier quoted context omitted.
>when I can just pay with my dollars directly? Credit card transactions take something like 180 days to confirm. Within those 180 days one can issue a chargeback. Bitcoin transactions take ~10-60 minutes (depending on the required number of confirmations) and cannot be clawed back.
That, and the 0.5% transaction fee are great for the vendor. But why should I, the consumer, be interested?
The Bitcoin community might want to take a deep breath and recognize where Bitcoin has the most real-world use. The idea that my mom will someday use Bitcoin to buy books online is about as realistic as the belief that, any minute now, youngsters will realize that the daily newspaper is better read in paper form, because of the texture and experience and the anonymity of paper. For that matter, I am a computer progra…
The world's simplest reasons why you might pay something using bitcoins is simply when this is the only way, or cheapest way, or safest way to make a transaction. Example #1: some merchants are hit really hard with fraud, such as intangible goods paid by international credit card transactions. So hard that they decided to stop selling internationally. These merchants discover that Bitcoin re-enables them to sell inte…