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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...
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.

Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by chasing on Friday April 21, 2017 @10:09AM (#14165735)
Which neighborhood are you in?
Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by DINKDINK on Friday April 21, 2017 @10:23AM (#14165841)
He's probably in Berlin