KING OF FUD! DISCLAIMER: I own .05 bitcoins.
  • Erik Voorhees


    • disqus01d

      Couldn’t agree more.

      • dandirk

        lol you don’t think banks have transfer issues? ever???? Happens all the time, just like with BTC they come back online and process.

        The reason why you see it as worse now, is because BTC is much more strict on confirming actual funds. Where as banks are bigger and been around so the speed of a transaction can be faster due to essentially trust and the risk limit of the institution. Heck I can put a blank piece of paper in an ATM and pull out cash, usually $100 against that plain paper. The bank will find out in a day or so its not worth anything.

    • Fluxity

      You’re ok with a currency being down “for a couple hours”?

      That doesn’t sound horrifying to you?

  • Private_Eyescream

    I went to the store yesterday and all of my dollar bills in my pockets and everybody else’s dollar bills in the entire nation were stuck in a “wrong fork” processing loop.
    It took a couple of hours, but the store was okay with me and everyone else putting the merchandise back on the shelf.

    It wasn’t so pleasant at the fast food restaurant though.
    Now try this with BITCOINS.

    • dandirk

      Yup, never in the entire history of purchasing stuff has a credit card machine been down, or no electricity to run the register…

      Actually you could with bitcoins, you can email yourself bitcoins. Bitcoins can be in a file, on a usb drive in your pocket to hand over. Now convincing someone that usb drive is worth whatever is a different story. BTW the same issue occurred through history with cash… until it became trusted usually backed by something physical (gold) or someone with money (government).

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  • William Bell

    I understand some legitimate concerns.

    Though that makes me remember banks require their 3 day processing time and yet, everyone seems to survive quite well. So while such events with the Bitcoin network are indeed bad, what does people do when VISA is down in their favorite store? They either come back a few hours later or pay with cash. Maybe that is a good demonstation that no system should ever replace all existing systems ever.

  • ara

    he wants to pay his own taxes, what’s the problem ? paradox again.

  • Pat J

    i don’t see any Satoshi dice spam. most block sizes are under 200 kilobytes these days. looks like something changed in the 0.8 Qt client. Not sure if the 5430 Satoshi limit affects the gambling site either.