Post
Topic
Board Speculation
Re: permabulls not only lost the control over this section-in fact they are extinct
by
spazzdla
on 08/12/2014, 21:23:47 UTC
Regarding paying with Bitcoin, merchant adoption etc., etc, let's look at reality.
Dell is the hobbyhorse that often gets trotted out when merchant adoption is brought up.  Let's check what actually happens & how instantaneous it is:

Quote
Paying with Bitcoin

Provided by Coinbase.
The option to complete your transaction in Bitcoin is provided by Coinbase. Dell does not guarantee and is not responsible for the availability of Coinbase’s services. To complete your transaction via Coinbase, you will be re-directed to Coinbase’s website, where you will see the total cost of your transaction in Bitcoin, based on an exchange rate set by Coinbase. The Bitcoin price for your transaction will remain valid for 10 minutes. If you do not initiate a payment during this time, the Bitcoin exchange rate will be updated and the Bitcoin price for your transaction may change.
...
Bitcoin transactions can’t be changed or canceled.
Due to the nature of the Bitcoin network, once you initiate a Bitcoin transaction you cannot change or cancel it; you may seek a refund pursuant to the refund processes described below.

Transactions verified by Bitcoin network.
Once a Bitcoin transaction is submitted to the Bitcoin network, it may take an hour or longer for the Bitcoin network to fully verify the transaction. A transaction is not complete until it is fully verified. Dell has no control over this timeframe imposed by the Bitcoin network.

Taken from http://www.dell.com/learn/us/en/uscorp1/campaigns/bitcoin-terms-and-conditions


Is this suppose to be a bear statment?  You mean they cannot call bitcoin and demand they steal the bitcoin from my account and put it into theirs because they feel what they bought did not meat their standards?!?!?!?!