things are more complicated than just black and white franky. i could do without your personal attacks/insults though. they don't accomplish anything. but consider this: you like proof of work better than proof of stake. but proof of work is worse for the environment. which do you consider more important? your wallet or the environment. sometimes we have to make compromises to facilitate the greater good for the planet. ethereum has done that and we shouldn't criticize them for it. how much greenhouse gas emissions has vitalik saved by moving ethereum to proof of stake? probably alot more than anyone here has by switching over to an electric vehicle and patting themself on the back..

if it's a mining pool then that money was already distributed out to a bunch of individual miners in the pool. the money is gone. so you can't get it back unless you go back to each miner in the pool and have them return it good luck with that.

Thats what you get for going through centralized 3rd parties to engage in crypto. what did you expect? they can do anything they want to.

if you buy things at any retailer in person they have video cameras all over the place. no matter how you pay you're on video and they know exactly who you are. so the payment method is pretty much irrelevant you're not anonymous. plus the video could show you actually using bitcoin as payment. now the whole world knows or potentially could know that you use bitcoin. the people that run the cash registers will know. the security who watch the video cameras might know. you're not as anonymous as you think.

i don't necessarily know why wall street would have any interest in bitcoin. nor do i care because bitcoin is not a company that has a product or service. it probably doesn't even belong on wall street. and these people you are talking about on wall street i doubt many of them even own any bitcoin at all. it's just something they talk about but don't really care about. why should they? bitcoin didn't make them rich. they got rich by fiat.

that depends on what else it out there for them to mine instead. i guess. no one necessarily has loyalty to bitcoin. if something else is more profitable and they can mine that instead they'll probably do it. and then what you'll have with bitcoin is a bunch of people fighting for table scraps.
 

seems like it would be impossible to be resolved. but thanks for your honesty.

that's strange i was able to see it for free unregistered but now i see the paywall too. normally i dont like to link to paywall stories i don't support sites like that. sorry about that issue.


https://bitpay.com/directory/autozone/

BitPay makes it easy to buy gift cards for AutoZone with cryptocurrency.

i wouldn't necessarily call that being a company that accepts bitcoin lol. if they're all like that then that directory is a waste of effort. who wants to buy gift cards that locks your money into one single vendor. and then if you happen to change your mind and rather use your money somewhere else you probably can't or it's a major hassle to cash out that gift card somehow. gift cards? seriously? that's the best bitcoin can let me do? 

i think people who put all their trust in bitcoin are kind of shortsighted to the extent that what you just mentioned. it would be really arrogant and conceited to think that something better is not going to come along and bitcoin will die a slow death. it's just the way things are. no wonder some of those old satoshi era wallets woke up recently and starting hitting the sell button they know what's up. 

use it for what it is good for but don't expect it to make you a millionaire or billionaire without you doing any work. it might not even be a good store of value. in the long term. but i know people don't want to hear that...

yeah that one looks like it is but always wise to make sure i guess. power supplies for things like that could cost a pretty penny!

franky i understand what you're saying about how people will use smaller and smaller units of bitcoin but that is only if bitcoin price relative to the us dollar keeps going up. it can't go up by 200% every 4 years for the next 25 years that is mathematically and economically impossible. the price of 1 bitcoin can never equal to $50,837,316,566,580,000. that's not 50 trillion us dollars franky. that's 50 QUADRILLION US DOLLARS.

no matter what the economics of bitcoin are in the future, no matter anything, it can never happen that the value of 1 bitcoin is that large. so anything else you have to say about that is just inconsequential. keep in mind there's also a possibility that bitcoin doesn't go anywhere that it just stays where it is right now or goes lower.

unlike gold, which for some reason you mention and i don't know why, bitcoin can have competitors. competitors that could come along and take marketshare away from it. so i'd say in 100 years, it's far more likely that gold retains its value than bitcoin does. but that's just my opinion. in 1000 years, gold for sure. 

At least in the USA privacy with bitcoin is just an ILLUSION. Unless you plan to break the law. You have to come up with a more compelling reason than "privacy" there is no privacy from the IRS.

It's a failed ballgame as far as performing some sort of fiat replacement that I could use in my daily life. Every single cryptocurrency is the same in that regard: failure!

Enjoy hodling that's what I think 99.99% of you guys use it for. Not much of a use case.

the rule is you can't use someone else's equipment you have to buy your own. can't partner up with anyone. only YOU get free unlimited electricity. not for you to share with someone else like whoever that person is you are talking about.

there are already with free electricity. some people who rent their landlord pays their electric bill. i don't see them mining bitcoin...

i think any reasonable company would require it to be taken to court before they say a word about it. it's not a miners responsibility to make sure people don't make mistakes.

do they come with power supplies or do you have to buy those separately? the logistics seems very messy. i don't think its feasible for shipping. the cost is too high and you will never recoup your investment. landfill time.

i guess it all depends but if your total net worth was 14 million then i'd say you're taking a huge risk if you did that.  a dumb risk even. i'm not sure it's a good risk under any circumstances unless you have some type of insurance that guarantees you against a loss.


smart miner you are.

ssn is not required when making purchases at walmart although you might have to show an ID if you're trying to buy alcohol or something like that. you would have to do that even if you were using bitcoin, which you can't of course since bitcoin is only for hodling.   

i doubt they are going to lower any prices. i heard a while back that they were supposed to be lowering prices on "thousands" of items but nothing i saw went down in price at all. but here's an idea, maybe they could staff their cash registers with humans and let them check people out. instead of monitoring them like a criminal at the self checkout...


not if bitcoin doesn't acheive some type of traction in the real world like being able to use it at major retailers in lieu of fiat. but for the most part, i appreciate your input.

that's what you get for not reading the story.


it seems like you are just making assumptions.


The world’s largest retailer has offered pay-by-bank through Walmart Pay since earlier this year. Until now, the transactions were akin to digital checks and took roughly three days to finalize when being processed through The Automated Clearing House, the same network often used for bill payments or paycheck deposits. Soon, customers opting for pay-by-bank transactions will see the purchase reflected in their bank account balance instantly – and Walmart will receive the funds immediately.


nothing beats instant not even bitcoin...and not only instant but instantly in your bank account so you can actually use the money. unlike bitcoin where you have to sell it to usd paying a fee then put in a withdrawal with some 3rd party and wait days to see if they send it to you or not.

Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.


https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks/

The death of bitcoin. No real world use case to buy things from a major retailer. Walmart knows that taking payments in BTC would be even WORSE than paying merchant processing fees...

do you really think that? that's pretty naive if you really think that...