Re: How valuable will 1 Bitcoin be 2 years from now? Make an educated guess.
by
AndyPhillips
on 02/04/2013, 17:16:41 UTC
They could also be worth alot less - maybe even nothing if someone somehow hacks the system and brings it crashing down.
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BoardBeginners & Help
Topic OP
Circulated or Hoarded?
by
AndyPhillips
on 02/04/2013, 17:15:12 UTC
Do you think BitCoins are being spent or are the vast majority of them being hoarded?
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BoardBeginners & Help
Hoarding
by
AndyPhillips
on 02/04/2013, 17:10:40 UTC
Does it seem people are hoarding bitcoins or are they actually using them to buy goods and services, give donations, etc?
The key, I believe, to any currency is to have it circulating around.
What do you think?
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BoardBeginners & Help
Re: Introduce yourself :)
by
AndyPhillips
on 02/04/2013, 17:08:18 UTC
Been using BitCoin for a year now. Quite a number of people have purchased our gear using BitCoin via simply emailing us what they want. It has always gone smoothly.
I am working on making it easy to purchase using bitcoin as a customer service to the growing number of people who use it.
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Re: Real noob question!
by
AndyPhillips
on 02/04/2013, 17:06:09 UTC
It's just like mining or panning for gold: you can go for days, weeks, or months getting very little. Then suddenly hit a pocket full of gold and make up for all the lost time finding nothing. A roll of the dice each day.
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Re: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why
How about accepting Credit Cards? Does that not hold the same inherent fault.
My question is: Can a credit card transaction be reversed the same way that a PayPal transaction can?
Yes, of course. You only need to call the credit card company and dispute the charge, even simply saying that you were unsatisfied with the purchase. The business is charged a $25 in addition to having their money taken back, has to file paperwork if they want to dispute the chargeback, and too many chargebacks and the credit card company may "review" the merchant agreement.
Credit cards also have the flaw that in order to use them, you must provide an internet site the exact information needed to also create fraudulent purchases. If someone merely copies a 16-digit CC number, they can impersonate the owner and create bogus PayPal payments. Hacks and data leaks of corporate web sites typically involve thousands of credit card numbers and owner details, and criminals gangs in lawless countries look for ways to turn this information into money.
Yes. Also, many customers will claim there were missing items in the package - I bet some customers ALWAYS make sure they get more than they pay for. That is why we weigh every package we send out, so when they say there are missing items we know for sure they are lying.