Bitcoin could score above 1,000 $, even 1,700 $ (expert says)

[beeteecee]

beeteecee

Thanks for the vid, it seems that I am thinking along the lines of PS.

Yes I figure a lot of people here see it from PS's angle. That was the first time I properly listened to PS, and all I'm going to say is that I won't be listening to any more of his stuff, unless it concerns gold, maybe. His insistence that he is right is actually working against him, and lost he and his followers vast amounts of potential profit so far.

As was succinctly asked of Peter, "which is harder to duplicate, a tulip or a bitcoin?".... Yep, some random internet guy with a podcast trounced Schiff the BitCoin expert with a very simple question, imo. Choose sides carefully.

 

[Load of Bullion]

When you do use bitcoin to buy yourself a beer, please tell us how long
it takes for that payment to process, this is a serious question as I have
no idea how long it takes to authorise.

I watched someone bragging on YouTube the other day about buying Subway with their bitcoin, trying to make the payment was over 1 minute of the vid and in the comments the uploader had said something about it actually taking 5 minutes due to issues... I'll stick with using cash, much easier

Actual authorization/confirmation once things go smoothly is reportedly in the vicinity of 10 seconds.

[ http://www.youtube.com/watch?v=zWsd1WwhhNg ] The Subway assistant navigated his first Bitcoin transaction with a customer. I've had learner shop assistants at tills take their time to make cash transactions. I've never given them a hard time about it.
Bitcoin would take more time for people new to it, because they are not perhaps not used to dealing with Bitcoins to begin with. People are used to cash before they become shop assistants at tills.

Oohh noooolets just waggle the finger only at Bitcoin only(Blinders firmly on)

 

[mmm....shiney!]

I watched someone bragging on YouTube the other day about buying Subway with their bitcoin, trying to make the payment was over 1 minute of the vid and in the comments the uploader had said something about it actually taking 5 minutes due to issues... I'll stick with using cash, much easier

Never had eftpos issues BB?

Agree though that cash is king for simplicity and accessibility and will remain my number one choice as the best and most libertarian way to conduct business - unfortunately, our current cash system is not libertarian.