Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by paulpauper on Sunday November 26, 2017 @06:59AM (#15780527)

bitcoin is nice because, unlike paypal, you don't get locked out have have to verify your phone and email and shit like that. as long as you have the private keys, you can spend anywhere

[ Parent | on HN ]

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by TrickyRick on Sunday November 26, 2017 @07:00AM (#15780535)

Also unlike PayPal a transaction takes a few hours instead of a few seconds. Wait, that's not a good thing...

[ Parent | on HN ]

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by ionwake on Sunday November 26, 2017 @07:06AM (#15780552)

It is instantaneous depending on which platform you are using. Maybe you should bother looking into it.

[ Parent | on HN ]

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by TrickyRick on Sunday November 26, 2017 @07:10AM (#15780567)

Platform? Bitcoin is bitcoin, either you use a different crypto (in which case we're no longer talking about bitcoin) or you're using some fluff on top (in which case we're also no longer talking about bitcoin). Have a look at this graph to understand why bitcoin doesn't work as transactional currency https://blockchain.info/charts/avg-confirmation-time

[ Parent | on HN ]

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by kown223 on Sunday November 26, 2017 @07:30AM (#15780619)

I think he meant how many confirmations they want, 0 confirmations is instant, also unlike paypal you won't get charge-backed.

[ Parent | on HN ]