Newegg is now accepting Bitcoin

Post by gcb0 » Tue, Jul 01, 2014, 8:04 PM UTC

laichzeit0 wrote: post #173

pauletienney wrote: post #150

Earlier quoted context omitted.

I do agree. However, i feel there won't be strong adoption without a great advantage for customers.

Let's see. I could pay for hardcore online pornography in a pretty anonymous way. I could board a flight with a flash drive containing $1million dollars in BTC. I don't have any draconian restrictions on who I can and can't exchange my "money" with. If you send me BTC and the network confirms I never have to worry about your cheque "bouncing". I could donate to Wikileaks without a company like MasterCard or Visa deci…

Post by superuser2 » Tue, Jul 01, 2014, 8:18 PM UTC

sanswork wrote: post #157

blhack wrote: post #144

Reading these comments is depressing. Bitcoin isn't a few geeks trading bits over IRC anymore, guys. To some of the common bitcoin concerns: 1) They're easy to steal! Look at this person who did $something_stupid and had all their coins stolen! Yeah, sure...and if you had left $10,000 in cash just sitting on your table, the same thief could have stolen that as well. There are stories every single day of people having…

1) What are the best practises for having a bunch of bitcoin? You say you shouldn't keep it stored on your local machine but where? Keeping it stored on exchanges is kind of prone to failure in the bitcoin world. If you want to use a cold wallet you need a second computer that you don't plan to use for anything else and you need to learn linux or its pointless 2) Just because its new doesn't mean its better or makes…

Post by blhack » Tue, Jul 01, 2014, 8:22 PM UTC

sillysaurus3 wrote: post #187

blhack wrote: post #186

Earlier quoted context omitted.

1) If you don't feel comfortable storing things in coinbase, and don't feel comfortable storing coins on your local machine, then you might not want to use bitcoins. This is fine, but there are plenty of people (like me) who are completely fine with coinbase. 2) If you had an easy way of converting that IOU into USD, or converting it into real goods (by, for instance buying something on newegg), then I would say that…

there are plenty of people (like me) who are completely fine with coinbase. As far as I know, Coinbase has no insurance for their users' coins. If they go bankrupt, you'll lose all your money. Coinbase is a startup. Failure is the norm, not the exception. Until they get insurance, you shouldn't store more than you're comfortable losing. Since most consumers can't afford to lose very much, and since most consumers are…

Post by sanswork » Tue, Jul 01, 2014, 8:31 PM UTC

derefr wrote: post #194

HackerClues wrote: post #184

Earlier quoted context omitted.

You can just store it on a usb...

Specifically, on a USB stick in a regular old safe-deposit box. Now your money is in a bank.

Post by coldtea » Tue, Jul 01, 2014, 9:37 PM UTC

mrb wrote: post #180

coldtea wrote: post #167

Earlier quoted context omitted.

All those high profile merchants who accept bitcoins do require you to share your "billing info" so the argument is moot.

Understand this is an issue in the merchant's processes, not with Bitcoin. Your argument is like saying "seat belts in cars don't always make drivers safer, for one people may forget to buckle up and not benefit from increased safety".