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Maighstir: To be fair though, the same could be said about any currency.
Most currencies have a state or central agency backing them, whereas Bitcoin may as well be raiding monopoly boards for the colorful bills. Also, there's typically ways to track your purchases and leave trails with actual currency and you can't accidentally delete your dollars.
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Maighstir: To be fair though, the same could be said about any currency.
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Darvond: Most currencies have a state or central agency backing them, whereas Bitcoin may as well be raiding monopoly boards for the colorful bills. Also, there's typically ways to track your purchases and leave trails with actual currency and you can't accidentally delete your dollars.
On the other hand, there is a finite number of bitcoins, unlike any of the traditional currencies that were bound to gold at first but which has since been cut loose because said central agencies wanted to create more money (all "real" money is fantasy money by now, because they are no longer bound to a limited good).

Yes, bitcoin is roughly a digital equivalent to gold. There is only a certain amount available to mine, and good luck tracking how many - or which - hands that nugget has passed through.
Post edited November 10, 2015 by Maighstir
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Maighstir: On the other hand, there is a finite number of bitcoins, unlike any of the traditional currencies that were bound to gold at first but which has since been cut loose because said central agencies wanted to create more money (all "real" money is fantasy money by now, because they are no longer bound to a limited good).

Yes, bitcoin is roughly a digital equivalent to gold. There is only a certain amount available to mine, and good luck tracking how many - or which - hands that nugget has passed through.
Leading to said 'gold' being more worthless than the shiny yellow rock and only useable in suspicious transactions or cashing out.
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Maighstir: <snip>
The problem is that you cannot have an currency without a reliable central "bank", and the Bitcoin exchanges and mining services have proven to be anything but trustworthy (Mt Gox, Cloudminr, Coin.mx, Bitcoinica). I know its adherents praise its somewhat "anarchic" nature and love it for basically sticking two fingers up at the traditional banks, but it's this anarchy that causes the extreme value volatility.

Not to mention that national banks are government-backed which provides a degree of security for your funds. Bitcoins do not. With Bitcoins, you can either have them stored in an exchange or in a local digital wallet - neither is particularly robust. Data corruption is sufficient to cause you to lose your digital wallet contents, and the less said about the exchanges, the better.
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jamyskis: The problem is that you cannot have an currency without a reliable central "bank", and the Bitcoin exchanges and mining services have proven to be anything but trustworthy (Mt Gox, Cloudminr, Coin.mx, Bitcoinica). I know its adherents praise its somewhat "anarchic" nature and love it for basically sticking two fingers up at the traditional banks, but it's this anarchy that causes the extreme value volatility.

Not to mention that national banks are government-backed which provides a degree of security for your funds. Bitcoins do not. With Bitcoins, you can either have them stored in an exchange or in a local digital wallet - neither is particularly robust. Data corruption is sufficient to cause you to lose your digital wallet contents, and the less said about the exchanges, the better.
Also, it should be noted that many fluctuations were caused by simple trolling. Here's one such thread. (Also, the original Bitcoin thread in SA's comedy goldmine archive is currently MIA due to database replacement.)
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Gede: Do they? It is not the first time I read about being able to get your money back in case of illegal use of "stolen" credit card data. However, when I inquired my bank about it, my replay was simply "Nope. That will never happen. Your money will be gone forever. So take care."
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monkeydelarge: Some countries have banks that care about people(up to a certain point) and some countries have banks that treat people like shit. There are many countries that haven't adopted the whole "be nice to the customer" mentality yet.
true, but i heard from a few people i play online games with (browsergames) that they were able to block it, and undo the transaction, it took some time , but sometimes it can be done apparently.
I can only use prepaid, so i know what my limitations are, i always make sure i check all things i buy prepaid, so i havent got any problem yet.
So sometimes it seems possible thats the only thing i know.
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Darvond: I'm surprised Bitcoin still has any value or takers, considering all the events of its hilariously shameful life.
True, thats why i responded cause i have only read an heard negative things about bitcoins.
One 'easy' thing might be to have store credit next to the usual payments using the default options and all possible payments,
by transferring cash using various payment methods, from the usual cards and money/bank transfer all the way to prepaid, with the exceptionof bitcoins because of all the formentioned reasons..

That storecredit that will be created on that site however should never expire, cause our dollars, euros and other valuta also dont expire when we dont use them for a while.

steam has a wallet option or something i once read , ofcourse i dont use it cause suppose something happens, and lots of userdata gets 'trashed' on the servers/databases then you might loose lots of cash in that wallet, so i think its safest to pay when you want to buy someting , this way there wont be hundreds of euros or dollars spend, lying on a account.

The way we get games now, buy game(s) then check the payment method we want to use and, voila we have the game(s) we ordered.
I havent got any problems yet.