lifeandtimes wrote: » It will be simple as scanning the shops qr code from your phone and it will transfer from your wallet on your phone. Length of time will depend on the coin but it's simple to have this method done
Fighting Tao wrote: » I'm just after checking my account when you said that to me. They have credited my account by 75% of what I paid them! Up 75% as a result.
Bob24 wrote: » If they take payments both in euros and in bitcoins they have to think of excahgn rates though. But I guess that's manageable, my main point was that you need a quick and easy way of paying (like we have cash, a bank card, or mobile payments to pay in euros). You can't be entering a bitcoin wallet URL every time to buy something (same as you you you would't enter the shop's IBAN account number). I'm wondering if they really process full bitcoin transactions or if it is just some kind bitcoin to euros thing with a bit of marketing to make publicity for the town.
GreeBo wrote: » If everything in the town is BTC then the currency fluctuations dont really matter I guess. I'm not impacted by EUR/USD changes because all my txns are in EUR. If I was mixing between the two then it would be a big issue. If the same €100K worth of BTC is just moving around then town then the EUR price of BTC is irrelevant really. (though your holidays could be really good or REALLY bad!)
JohnnyFlash wrote: » Sorry, I meant tether and coinbase. Tether is an obvious scam, and there’s pandemonium over on reddit now about people’s coin base accounts being drai4nd and cards charged multiple times for old transactions.
Manic Moran wrote: » If you say Dimecoin is worth a look, I can throw a few dinarii at it instead.
JohnnyFlash wrote: » Oh I know that. But you’d have to suspect something is going on when you start hearing reports of debit cards being drained, and credit card transactions from months ago being charged 17 times today. It’s incompotent at the very best, but the pump in the bitcoin price suggests something more sinister at play.
Autochange wrote: » I sold all back to Euros as things turned south back in January. After only getting into cryptocurrency in November I had some modest gains which u managed to keep as profit. Luckily. I have always intended to get back into the market and with the recent gains im wondering if the time is now? Have many who sold decided to get back in? How's that fomo going knowing the possible potential of cryptocurrency going forward?
tcawley29 wrote: » Coinbase has nothing to do with teather
lifeandtimes wrote: » What are you talking about?
JohnnyFlash wrote: » Can see it hitting about 13 or 14k before either the binance or tether thing blows up.
JohnnyFlash wrote: » I think the price is going to go up if the rumour is true. Nice way to make a few quid. It’s all built on a foundation of sand of course, but if you were to hop in, make some profit, and get the hell back out into fiat then I’d all for it.
lifeandtimes wrote: » I know with some coins you can have a paper wallet which has a qr code that just gets scammed and sends the amount to the requested wallet
Bob24 wrote: » Doesn’t sound very practical especially for small and quick transaction as what is described in the video (paying for a pizza, etc). It must be something else.
TripleAce wrote: » Maybe it works with some barcode scanner, not sure as I never paid with Bitcoins in a shop myself.
TripleAce wrote: » I guess they either transfer from a wallet or from an exchange to another Bitcoin address (being wallet or exchange) anyway.
Bob24 wrote: » How does it work? Do shops and customers actually have bitcoin wallets and payment methods attached to them?
TripleAce wrote: » I watched a video on an Italian channel this morning of a small city in northern Italy (just 40k people living there) that turned into a small Bitcoin-town. Bitcoin is used in many shops and bars and a few small companies pay their employees salary partially in Bitcoin. It looks like around 5% of transactions are now in Bitcoin. Starts at around minute 12:00 (it's in Italian though):http://www.video.mediaset.it/video/iene/puntata/viviani-cosa-sono-e-come-funzionano-i-bitcoin_806351.html Really hope more towns will follow.
Autochange wrote: » I have bought back in. 50% Bitcoin. 25% neo and 25% ven. Any thoughts on the lower priced coins which took a hammering during the 'fall' ? I previously owned some request network, substratum and FunFair.
lifeandtimes wrote: » A lot of "experts" who don't agree with some of the other "experts" quoted previously believe that the money pumped into crypto into the last 12 months will be back by the end of the year. FOMI is one reason but they would be a bit more educated by then and understand to hold for longer and also not invest more than you can lose Also nice work in the gains bro
Autochange wrote: » Have many who sold decided to get back in? How's that fomo going knowing the possible potential of cryptocurrency going forward?
JohnnyFlash wrote: » Jesus, if I had a few quid in one of those exchange yokes then I’d nearly throw it on bitcoin tonight and sell off in the morning. Rumour going round that bitfinex has stopped dealing in fiat. Expect a major pump as a result, if the rumour is true.
