Bitcoin backlash as ‘miners’ stress power grids in Central Washington

Re:Bitcoin backlash as ‘miners’ stress power grids in Centra... by Sir_Substance on Sunday May 27, 2018 @02:54PM (#17168469)

>If the seller doesn't know, it doesn't count as Bitcoin usage — just another Visa transaction.

You've got some strong arms on you my friend, moving those goal posts so far so fast.

I pay with bitcoin. Stuff arrives in the mail. I am using bitcoin.

[ Parent | on HN ]

Re:Bitcoin backlash as ‘miners’ stress power grids in Centra... by acdha on Sunday May 27, 2018 @03:06PM (#17168534)

That’s as accurate as saying that Amazon accepts payments in stock if I sell some before making a purchase. The fact that you paid a different company to convert your Bitcoin into some real currency is a separate transaction. It doesn’t mean that Amazon has any exposure or investment in the Bitcoin world - just that they take credit cards like everyone else.

[ Parent | on HN ]

Re:Bitcoin backlash as ‘miners’ stress power grids in Centra... by stordoff on Sunday May 27, 2018 @05:01PM (#17169082)

If I sell some gold, then use the proceeds to buy from Amazon, I haven't bought anything with gold from Amazon. Yes, you are using Bitcoin, but not to buy from Amazon--it's just another layer on top, it's just another (largely unnecessary) transaction in addition to the existing transaction.

[ Parent | on HN ]

Re:Bitcoin backlash as ‘miners’ stress power grids in Centra... by Sir_Substance on Sunday May 27, 2018 @05:56PM (#17169307)

A reminder to yourself and acdha, the original assertion was:

>Cryptocurrencies have been around for 9+ years, and there has been literally 0 use for it apart from conning rubes on the internet.

So...

>Yes, you are using Bitcoin

Yes, I am. I don't understand why you two are so angrily and bitterly agreeing with me.

[ Parent | on HN ]