>PayPal is the current best online payment platform
>they take a 4% fee on any payments
>withdraw money to my bank account
>takes 3-5 business days
>cryptocurrency transfers take anywhere from minutes to a few hours at the most, depending on the coin
>cryptocurrency transfer fees are less than 1%, sometimes free
Tell me why crypto isn't the fucking future.
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Because there's no buyer protection and the price fluctuates too much to be any good.
>no buyer protection
>He thinks the buyer protection of paypal actually has a usage and is good
>mfw
PayPal almost universally sides with the buyer, that's why there's so many scams with it.
How is that not buyer protection? People use it because they trust it. If I buy a laptop and I don't get it, I can just chargeback and get my money.
With bitcoin I'm fucked
>mfw the buyer protection for PayPal is so good I bought a geforce 1080 and said it never came and got my money back
>mfw playing ultra 120fps any game I want for free
Kek
ill take what is escrow for one btc
>Because there's no buyer protection
There is. If you pay with bitcoin in steam you get the same protecction backed by the company as any other payment option.
>the price fluctuates too much to be any good.
It doesn't fluctuate if the prices are listed in fiat (again, Steam)
You get the superior technology + managed by the company if something goes wrong for buyer protection + pegged to fiat for stable price.
For personal p2p private transactions, it can also be used as cash, but a global cash with no intermediaries.
It's an objectively better gold. It will be similar to Berkshire Hathaway Class A in a couple of years in term of price. The fact that people aren't stacking up on as much BTC as possible proves how low IQ and low sentience most people are.
>buy two 4870s a week before the 5870
>"nah nah tottaly DOA i dindu nuffin"
>fuck it, the sapphire 4870s are no longer in production, dont worry about shipping them back
i loved that fucking gaming rig
ESCROW
S
C
R
O
W
I really doing fucking see how people are capable of living each day being this simple minded. You know, this is why our society is socialist. People don't weild the simplistic basics of knowledge to take advantage of their own freedom, thus need daddy to fucking handle everything. Which is why we can't have nice things anymore, as simple incompetent people such as yourself.
Fucking narcissist.
>Tell me why crypto isn't the fucking future.
>Any volatile asset being the future
Tell that to Juan when his savings halve in a year because of """currency""" fluctuation
There is no major country right now that is socialist though
You haven't addressed the wild fluctuations of cryptos.
That's the biggest thing that's a barrier.
>Steam steam steam
I dont play videogames. It means nothing to me. And even if I did, I have to only spend it on videogames?
Juan can go fuck off with his 0.01% APY.
Point is that cryptofags are playing with speculative assets that will never replace government backed currencies. A currency that fluctuates wildly is Mexico/Zimbabwe tier.
My problem with crypto is that confirmations take so fucking long
I'm not waiting 30 minutes to buy a coffee. You have to do it off the block chain, which defeats the purpose
The fluctuations are due to the ever increasing amount of adopters, when it becomes mainstream and reaches a peak it will stabilize. Which cant happen until people stop trying to simply make money from it and start using it in place of traditional forms of currency and nigga when you can hold a Zimbabwe dollar and literally make 1000x in 5 years come talk to me. *dabs*
> There is no major country right now that is socialist though
> America
> Wild fluctuations of crypto
> Buy 2 BTC at $747
> Still holding at 700
> Loose $94
Instead of crying to big government. I did this thing called "not being a little bitch" and ACCEPTED the freedom BTC allows me to have. Recognizing the cons of this freedom I must endure. You know what I did to recoup my losses? I simply shorted ETH. Not many people can do this and bitch about their loss - yet look at usd vs gold, usd vs silver, usd vs eur, and the usd has lost big time. Your purchasing power is complete shit. Even with BTC, my purchasing power is far more superior than yours. I can get discounts 10% - 30% all day long.
It's a simple trade off. Are you wanting to be a slave to your money or be a master of your money? It's your choice.
Even though governments around the world used gold backed fiat currency at one point.
>You haven't addressed the wild fluctuations of cryptos
Yes he did. Read the post again. Just pegg it to cuckerment money.
You can't expect the BTC price itself to be stable when it's only 10 billion dollar marketcap and free (unregulated).
>Steam steam steam
All companies list their products and services in fiat value to protect against bitcoin fluctuation while accepting bitcoin you dumb aspie.
> You have to do it off the block chain, which defeats the purpose
It doesn't. Lightning Network will be safer than any other option the banking industry can claim (I don't see you complaining about 180 day confirmation on credit cards).
A fucking coffee doesn't need to be instantly embeded within the blockchain, LN will be safe enough.
You my sir are a COMPLETE retard if you actually think you'll have to wait 30 mins to get a cup of coffee.
America is a capitalist country
Wat
>He has $1500 in crypto and lost fucking 5% of it
>muh freedom
The freedom to lose money?
>Slave to your money
in what way?
Are you an idiot? It still fluctuates, that doesn't help anything.
I basically have to spend my btc as soon as I get it to minimize the volatility, which is retarded for a currency.
>Get paycheck in bitcoin
>Don't exchange it for food, rent and everything else I need for two weeks in time
> -15%
> Goes on net
> Buys dragon dildo for 30% off
Nuff said.
Why is it 30% off?
How can a business make money offering these discounts?
Lightning network isn't out yet
If it delivers, great
LN is running on testnet as we speak. Here is one showing 2000 TPS bidirectional - youtube.com
It's people that are willing to take these discounts, not companies. There are plenty of sites out there that offer the ability of buying regular items on the internet from sites such as eBay and Amazon for a discount.
As stated, my purchasing power is by far superior than yours. Which is why I can lose 8%, short eth to make it back, and buy daily things such as toilet paper, paper towels, cierial, and other things at a huge discount. You are incompetent little tards that run around say stupid shit like having to wait 30 mins for coffee, it's a pyramid scheme, and other ignorant idiotic non-sequential ideology that makes me understand WHY we can't have individual freedom. It's due to your retardation, your inability to form a basic constructive thought. Your ignorance is quite overwhelming honestly.
Are these items obtained fraudulently via credit card fraud perhaps?
That's the only reason I see them using bitcoin and also offering 30% discounts.
>Buying regular items from ebay or amazon
So how does that work? Who on earth would sell items for 30% less than their worth?
Maybe stolen/hacked accounts?
Anyway how come you shorted eth? wasn't it suppose to be the future of money? or was that a scam too
>Even though governments around the world used gold backed fiat currency at one point.
>He doesn't know that the gold standard was dropped because it was shit
That's besides the point of BTC being unstable.
>Instead of crying to big government. I did this thing called "not being a little bitch" and ACCEPTED the freedom BTC allows me to have. Recognizing the cons of this freedom I must endure. You know what I did to recoup my losses? I simply shorted ETH. Not many people can do this and bitch about their loss - yet look at usd vs gold, usd vs silver, usd vs eur, and the usd has lost big time. Your purchasing power is complete shit. Even with BTC, my purchasing power is far more superior than yours. I can get discounts 10% - 30% all day long.
This isn't an argument for cryptos. Average person doesn't have time to trade and speculate assets like a NEET. Yes, people have to actually work for their money in a real economy and they want STABILITY to store the value of their labor. So far your only argument for cryptos is because "you make money" from it. Stop arguing like a speculator.
> Are these items obtained fraudulently via credit card fraud perhaps?
No kid.
> That's the only reason I see them using bitcoin and also offering 30% discounts.
Cause' you're slow and don't understand the true nature of Bitcoin. You haven't actually done the research necessary to find the abilities BTC can give you. You expect others, such as myself, to spoon feed you these things. Ultimately living this life of expecting other people to spoon feed you, showing you your wrong, doesn't offer anything in the long-run and will keep you blind from true possibilities.
> So how does that work? Who on earth would sell items for 30% less than their worth?
> purse.io
That's the ONLY example I'll give you. If you want more, do your research - I'm not spoon feeding you. There are also ways of making 15% off BTC DAILY, but as I've said, you'll need to do that research yourself. There is no incentive to me telling you were to get better deals or making 15% off BTC daily with no effort.
> Anyway how come you shorted eth? wasn't it suppose to be the future of money? or was that a scam too
Cause' that's what I do. You have people whom shill, follow others, and those that actually do their own thing. I mean do you honestly think I'm holding 2 BTC just cause I think BTC is going to the moon? Not at all. I hold BTC to trade it, exchange it, and spend it everyday.
There is risk everyday in life. When you eat, drink, walk, run, talk, and take a dump. You have to learn to manage it and not reply on big government to manage it for you. Stock market can crash to tomorrow and destroy your fiat. Government can start regulating BTC tomorrow and cause the price to go down. But it all depends on what you're willing to risk and your personal preference. You holding fiat currency doesn't work for someone like me, but it works for you. I have no reason to make you want to use BTC, but I will tell you there are much pros than cons in my personal opinion.
>I'm not spoonfeeding you im just going to keep talking about how great it is but I can't answer fundamental questions
>15% off btc daily
Yeah totally. That's why you're a millionaire, right?
Why don't you just make 15% returns every 3 days instead and make a measly 1500% profit less than a year?
>Holding 2 Btc
So you're basically a neet then? That's pretty low for such a promising currency. Why don't you put more into it?
>stock market could crash tomorrow and destroy your fiat
The likelihood of that happening is far lesser than your meme currency used to buy carded goods and drugs.
Also it'll go up, and if it doesn't then society is practically collapsed anyways at which point none of it matters
>comparing bitcoin to gold
Bitcoin fixes everything gold tried to do, and does fiat every wanted to do.
purse.io
But who was 2008 which is happening all over again.
Fiat meme currency is over. Get on with the times maggot.
youtube.com
Don't tell us we didn't warn you once your papers become inexsistent and all you have is a centralized cuckerment version of BTC, which everyone will start using as a replacement for the lack of cash.
Paypals buyer protection is so good i stopped selling with it because i kept getting scammed even if i had receipts and confirmation emails
Ya in steam. Paypal is universally protected
>using an escrow service for every small transaction
Ya seems super convienent
Hes a neet fag. He doesnt understand there are goods and services outside of wow and hentai porn
>the freedom to lose money
O i am laffin
2008 recovered quickly, it wasn't devastating at all
It's not managed or protected. Using it is not easy enough for normies.
And the hacking over almost every major coin enterprise is not good.
> Be a janitor one day
> Open up a coin trading platform the next
> people think it's legit and use the platform
You should own 1 Bitcoin. Your family should own 1 Bitcoin.
You are a fucking idiot. It's not steam, it's bitpay. Most merchants use something like that, there's no excuse to complain about lossing your bitcoins in 2016 you dumb cuck.
Dumb normies can use custodial wallets if they're so scared of losing their bitcoins - but the underlying protocol allows anyone interested complete control over their money, and that is a very powerful thing.
Escrow would add not only time, but there would be a fee.
Suddenly that 4% Paypal fee seems cheap, plus you are protected as a buyer.
I was thinking you could use the Bitpay Visa, but then I checked their terms and they charge you $5 for every transaction, $2 for every ATM withdrawal and various other fees for things you get for free with normal credit/debit. Not to mention, no cash back rewards on that thing.
So what incentive do normal people have for using crypto at this point? There literally is none unless they want to use something like Monero for nefarious purposes.
>It will be similar to Berkshire Hathaway Class A in a couple of years in term of price
kill yourself
But who was automated escrows? remember that bitcoin is programable, anything is possible.
>So what incentive do normal people have for using crypto at this point?
Not much today, but everyone will use it once governments get rid of cash, and what's important is the 4 billion unbanked people all over the world.
Salty nocoiner that will stay poor and mediocre due normalcy bias and linear thinking.
>Haha! Dumb no-coiners! It's going to a million bucks a coin!
Okay Max Kaiser, whatever you say.