Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by bergie on Friday April 21, 2017 @10:00AM
(#14165668)
In my neighborhood there are bars that accept Bitcoin. I've paid several dinners with my Android BTC wallet. Quite convenient in a city where you usually can only pay with cash...
[ Parent
| on HN ]
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by robbiep on Friday April 21, 2017 @11:09AM
(#14166243)
Quick question - from someone who hasn't looked at bitcion since it was between 10c and $5 - since your transaction doesn't clear until the block propagates how they handle double spends?
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by akvadrako on Friday April 21, 2017 @12:48PM
(#14167180)
The same way that restaurants make sure you pay instead of just leaving the building. It's mostly just not worth the hassle to save a few bucks.
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by aminorex on Friday April 21, 2017 @12:26PM
(#14166968)
Double spends are overwhelmingly a theoretical issue. Credit card fraud, on the other hand, is pandemic.
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by bigtimeidiot on Friday April 21, 2017 @10:13AM
(#14165764)
>In my neighborhood there are bars that accept Bitcoin.
Something tells me you don't live in Nebraska.
>Quite convenient in a city where you usually can only pay with cash...
How is it more convenient than cash?
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by DINKDINK on Friday April 21, 2017 @10:22AM
(#14165838)
You cannot back up cash
You cannot securely send cash across the globe without depositing it into a trusted third party
You cannot program physical cash
Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by bigtimeidiot on Friday April 21, 2017 @11:00AM
(#14166161)
Are you just listing a few random ways that Bitcoin is more convenient than cash? The OP was about spending money at a bar.
But okay, here's how cash is more convenient: I can walk outside my office and use this dollar bill at any store anywhere around me. It has apparent value to everyone I will talk to. I don't need the internet.
If you need to "program" or "backup" your money, I guess Bitcoin is your medium. No argument there.