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> I mentioned several reasons. "Of course it wasn't supposed to be instant. That's why its a shit system to use as currency" no you didn't. > Why are Bitcoin

> I mentioned several reasons. "Of course it wasn't supposed to be instant. That's why its a shit system to use as currency" no you didn't. > Why are Bitcoin transactions still slow? that blanket statement is false and again illustrates how little you know about bitcoin. bitcoin transactions confirm within 10 minutes provided adequate fees. the lower fee you choose to pay the more you will have to wait until confirmation. speed is function of fees. if you intended to ask "why aren't all transactions on lightning and therefore instant?" then it's because lightning is still in very early stages and is only starting to get adoption. > Of course it is related to Bitcoin it was related to one visa card issuer (wavecrest) that decided to discontinue support without any explanation. debit card providers that didn't rely on wavecrest are doing fine (and those that did - are moving to new issuers). quick google shows a whole bunch: cryptopay.me, bitpay, spectrocoin, xapo, www.shiftpayments.com. there's 5 for you. > Yeah, life is temporary as well rolleyes. This is a non-argument. You cannot tell when the problem is solved, and its a severe issue for adoption of Bitcoin. this is possibly a non argument for you as a person who knows very little about the space. everybody is aware that issue exists and makes a lot of low value transactions on chain economically not viable, that is exactly why lightning was developed. > I can't be bothered to spend time to reply to the rest of your ad hominem. you sure can't be bothered to educate yourself on the topic. as it seems you're from netherlands, your country's total energy consumption in 2012 was 82 Mtoe, total world energy consumption was 9000 Mtoe and world energy production was 13300 Mtoe. as i said - not even a blip, just find some courage to admit you were wrong. alternatively you could of course start arguing that 0.9% is totally a blip, in which case i'm at least happy to leave you better informed. > If I have 100 buckets of sustainable water, and I piss in 90 of them, then the rest of the world only got 10 buckets of sustainable water left for general consumption it's called a free market. if it is economically viable for mining companies to spend energy at their location for the price at that location - not much you can do about it. > So using unnecessarily vast amounts of energy is a loss for the environment it's only unnecessary by your definition and understanding of bitcoin. > Dear reader, please don't fall for the Bitcoin scam. Read the above link instead, and notice the parallels with the Bitcoin/cryptocurrency mania. Specifically, the parallel with ICO and early adopters of cryptocurrencies. yeah, i totally agree about most altcoins and ICOs. the rest is just you being angry and extrapolating more than you should.

Fnoord 9y ago
> no you didn't. Yes, I did, see the various posts I made. Posts you supposedly read, and responded to. You even addressed the multiple premises yourself! You're even addressing various of them in this very post! > if you intended to ask That wasn't my intention to ask, it is precisely what I asked. Read it back. Your answer to slow transaction premise was: "this is the solution to the problem" so I say "but it isn't available" to which you say "well it isn't widely available yet" rolleyes. How about you start being practical for a change? > quick google shows a whole bunch: cryptopay.me, bitpay, spectrocoin, xapo, www.shiftpayments.com. there's 5 for you. BitPay was on hold, doesn't inspire confidence. Plus: "Sorry about that! The BitPay Card is not available for order in your area yet. We're working to bring it to more countries soon. If you’d like, we can notify you when it becomes available in your area." "Why We're Updating the Minimum BitPay Payment Amount to $100 22 DECEMBER 2017 PRODUCT UPDATE, 12/23/17: We continue to monitor bitcoin network conditions, but we have re-enabled BitPay merchant invoices and BitPay card bitcoin-to-dollar loads for $5 or above. BitPay Card orders are also once again available." Sounds like "working as intended".. I checked Xapo as well, seems like its a virtual card only. > everybody is aware that issue exists [...] Ah, that one. Well, that's odd, I just asked my 5 year old about it and she had no idea what I was talking about. Wake me up when you can do small transactions. It is kinda important being able to perform small transactions with a currency. You know, I can go to the store right now and auth with a PIN and here's what that costs me: 0,00 EUR. I can even auth with a NFC card, if I enabled that and am OK with that and all. > it's called a free market Red herring. > if it is economically viable for mining companies to spend energy at their location for the price at that location - not much you can do about it. Yeah, there is: not supporting cryptocurrency where mining is lucrative or not supporting cryptocurrency. You can opt to not support cryptocurrency by simply not joining the MLM/pyramid scheme. Actually, if you got savings, you're probably better off investing in safe stocks such as AAPL (~48% profit last year) or GOOGL (~36% profit last year). The likelihood of these two companies going belly up is very low. You can also spread further, or in multiple markets. > it's only unnecessary by your definition and understanding of bitcoin. My definition of the irrelevance of Bitcoin as well as.
- keymone 9y ago
  > Your answer to slow transaction premise was: "this is the solution to the problem" so I say "but it isn't available" to which you say "well it isn't widely available yet" rolleyes TIL a solution that doesn't yet have enough adoption is totally not a solution. go FUD somewhere else dude. > more debit card FUD you asked for 5 examples, i gave you 5 examples. go FUD somewhere else. > I just asked my 5 year old about it and she had no idea what I was talking about. yep, sounds like you're out of arguments. as i said - you should educate and stop embarrassing yourself. > Wake me up when you can do small transactions you should have woke up a while ago and started informing yourself on the subject before pretending to be an expert https://twitter.com/alexbosworth/status/946175898029395968 https://twitter.com/alexbosworth/status/946175898029395968 > Yeah, there is: not supporting cryptocurrency where mining is lucrative or not supporting cryptocurrency you're totally free to do that. but seriously, it's definitely useful to inform yourself on the subject before engaging in conversation about it.

Fnoord 9y ago

> no you didn't. Yes, I did, see the various posts I made. Posts you supposedly read, and responded to. You even addressed the multiple premises yourself! You're even addressing various of them in this very post! > if you intended to ask That wasn't my intention to ask, it is precisely what I asked. Read it back. Your answer to slow transaction premise was: "this is the solution to the problem" so I say "but it isn't available" to which you say "well it isn't widely available yet" rolleyes. How about you start being practical for a change? > quick google shows a whole bunch: cryptopay.me, bitpay, spectrocoin, xapo, www.shiftpayments.com. there's 5 for you. BitPay was on hold, doesn't inspire confidence. Plus: "Sorry about that! The BitPay Card is not available for order in your area yet. We're working to bring it to more countries soon. If you’d like, we can notify you when it becomes available in your area." "Why We're Updating the Minimum BitPay Payment Amount to $100 22 DECEMBER 2017 PRODUCT UPDATE, 12/23/17: We continue to monitor bitcoin network conditions, but we have re-enabled BitPay merchant invoices and BitPay card bitcoin-to-dollar loads for $5 or above. BitPay Card orders are also once again available." Sounds like "working as intended".. I checked Xapo as well, seems like its a virtual card only. > everybody is aware that issue exists [...] Ah, that one. Well, that's odd, I just asked my 5 year old about it and she had no idea what I was talking about. Wake me up when you can do small transactions. It is kinda important being able to perform small transactions with a currency. You know, I can go to the store right now and auth with a PIN and here's what that costs me: 0,00 EUR. I can even auth with a NFC card, if I enabled that and am OK with that and all. > it's called a free market Red herring. > if it is economically viable for mining companies to spend energy at their location for the price at that location - not much you can do about it. Yeah, there is: not supporting cryptocurrency where mining is lucrative or not supporting cryptocurrency. You can opt to not support cryptocurrency by simply not joining the MLM/pyramid scheme. Actually, if you got savings, you're probably better off investing in safe stocks such as AAPL (~48% profit last year) or GOOGL (~36% profit last year). The likelihood of these two companies going belly up is very low. You can also spread further, or in multiple markets. > it's only unnecessary by your definition and understanding of bitcoin. My definition of the irrelevance of Bitcoin as well as.

keymone 9y ago
> Your answer to slow transaction premise was: "this is the solution to the problem" so I say "but it isn't available" to which you say "well it isn't widely available yet" rolleyes TIL a solution that doesn't yet have enough adoption is totally not a solution. go FUD somewhere else dude. > more debit card FUD you asked for 5 examples, i gave you 5 examples. go FUD somewhere else. > I just asked my 5 year old about it and she had no idea what I was talking about. yep, sounds like you're out of arguments. as i said - you should educate and stop embarrassing yourself. > Wake me up when you can do small transactions you should have woke up a while ago and started informing yourself on the subject before pretending to be an expert https://twitter.com/alexbosworth/status/946175898029395968 https://twitter.com/alexbosworth/status/946175898029395968 > Yeah, there is: not supporting cryptocurrency where mining is lucrative or not supporting cryptocurrency you're totally free to do that. but seriously, it's definitely useful to inform yourself on the subject before engaging in conversation about it.