

Bitcoin Is Now Established, Can We Have It As A Payment Option?
#1
Posted 19 November 2014 - 01:30 PM
http://mwomercs.com/...-with-bitcoins/
I see some people are/were hostile towards Bitcoin.
However things have changed since this discussion was posted.
If PGI used Bitpay or Coinbase as a processor they won't ever have to touch bitcoins, they get USD directly in their account with no worries about exchange rate. Plus it would cost 0% in transaction fees.
Bitpay announced today they are processing $1 Million in payments per day.
https://twitter.com/...066347060080640
Over 21,000 retailers accept Bitcoin:
http://mashable.com/...rs-infographic/
And HP Survey: 79% of US Organisations Plan to Adopt Digital Currencies:
http://www.coindesk....tal-currencies/
#2
Posted 19 November 2014 - 01:36 PM
the last thing this game needs is more people who use bit coin
#3
Posted 19 November 2014 - 01:49 PM
#4
Posted 19 November 2014 - 01:57 PM
#5
Posted 19 November 2014 - 02:11 PM
Shouldn't be a problem, considering how stable bitcoins are, right? Just take your bitcoins on a usb drive to a bank, walk out with moneys, so simple!
Edited by Marvyn Dodgers, 19 November 2014 - 04:37 PM.
Language
#6
Posted 19 November 2014 - 02:13 PM
#7
Posted 19 November 2014 - 02:15 PM
#9
Posted 19 November 2014 - 02:19 PM
#11
Posted 19 November 2014 - 04:01 PM

#12
Posted 19 November 2014 - 04:07 PM
#13
Posted 19 November 2014 - 04:10 PM
#14
Posted 19 November 2014 - 04:11 PM
Fierostetz, on 19 November 2014 - 04:07 PM, said:
Pretty much this. I see next to no point in rushing to adopt a bitcoin payment method for the maybe one or two people that will actually use it instead of a traditional method.
Especially if we factor in how many would NOT use the traditional method if they didn't have a bitcoin option.
#15
Posted 19 November 2014 - 04:26 PM
#17
Posted 19 November 2014 - 04:58 PM
Moonlander, on 19 November 2014 - 04:26 PM, said:
It's a form of digital currency. The news thing you're thinking of is probably Mt. Gox's exchange going bust. I'm not "in" on Bitcoin myself, but I keep some peripheral attention on it.
There's articles that can explain how bitcoin works if you want. Wikipedia is always a good place to start.
http://en.wikipedia.org/wiki/Bitcoin
#18
Posted 19 November 2014 - 05:03 PM
Moonlander, on 19 November 2014 - 04:26 PM, said:
Think of bitcoins as a currency that isn't backed by any nation or bank...
Or like a stock that isn't backed by a company.
Or a bond that isn't backed by a debt.
#19
Posted 19 November 2014 - 05:06 PM
Scratx, on 19 November 2014 - 04:58 PM, said:
It's a form of digital currency. The news thing you're thinking of is probably Mt. Gox's exchange going bust. I'm not "in" on Bitcoin myself, but I keep some peripheral attention on it.
There's articles that can explain how bitcoin works if you want. Wikipedia is always a good place to start.
http://en.wikipedia.org/wiki/Bitcoin
That whole thing just confused me. Maybe I'm just getting old or I'm just dumb.
Is it like say... KarmaKoin? You can buy it with money and then use it to buy digital items? Like in MWO...?
I've never felt so stupid in my life. I guess it doesn't matter since I'll likely never use it. But still.. lol
Kanatta Jing, on 19 November 2014 - 05:03 PM, said:
Think of bitcoins as a currency that isn't backed by any nation or bank...
Or like a stock that isn't backed by a company.
Or a bond that isn't backed by a debt.
What's the purpose of it tho?
#20
Posted 19 November 2014 - 05:22 PM
Moonlander, on 19 November 2014 - 05:06 PM, said:
<snip>
What's the purpose of it tho?
Well... The only practical use I have observed is buying and selling stock without having to pay income tax with every transaction.
Some people like to hoard it and hope it turns into a real currency and will therefor inflate rapidly, like all those people who have money invested in gold and ramble on about how all of the worlds economic problems would vanish if we went back to gold backed currency. By which they mean their own economic problems of course.
Now here in this thread we have someone who is proposing a merchant take the risk of accepting this volatile... stuff.
With every merchant take that risk, bitcoins will rapidly rise in value. The risk of course is that the merchant could be stuck holding a large sum of money that has turned worthless over night.
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