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Hi guys, as you probably know I'm Venezuelan living here. Yesterday I had the chance of doing some purchases in a supermarket and paying directly in Bitcoin. This was the purchase: You say to the cashier you want to pay in cryptocurrency and their system shows them a selection: The amount is shown in Bolivares (Bs.) so 725 Bs. so 30 USD (exchange rate is 1 USD 24.2 Bs.) They say they will add more crypto and BTC LN. After selecting bitcoin and and continue (Continuar) it shows the amount in bitcoin After that it shows a QR code, you scan it and have to wait for at least one confirmation after you get one confirmation (mine took several minutes) the cashier press payment received and I suppose it checks one blockchain explorer for one confirmation or pending transaction that matches the amount. If it matches it says payment received and receipt is printed. I noticed each time you press continuar a new QR code gets generated, so new or different address. I used Trust Wallet and the fee was 1.36 USD. Receipt is shown in Bolivares, but that is common here even if you pay with USD, Euros or any currency the invoice will be printed in Bolivares. Experience was good overall, but in this case I paid a little more, something to improve. You have to remember that here the economy is destroyed:
Thanks for the support to all redditors. Any question let me know! [link] [comments] |
Under appreciated, has extraordinary utility, shorted and manipulated to a price point well below its intrinsic value. And like Silver, BCH has tremendous upside if shorts are squeezed and have to cover their position.
TLDR; Move your BCH off exchanges so it's harder to short sell against.
Main reason: like freedom, security, “get rich quick”?
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All you need to know about Knuth project and Fernando Background on the BCH ecosystem [link] [comments] |
Had a debate with a friend who has the conviction that Bitcoin will just become obsolete or cease to function after some software update or innovation. Compared it to extinct programming languages. I explained the network effect, that anybody could write a node client in any language and it would be compatible if it follows the protocol, and the protocol depends on consensus of the decentralized network. Also how the internet continues to exist and function through innovations and deprecated hardware/software. Not sure how else to get this point across.
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