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by bena 2869 days ago
There is a huge difference between 1 minute and 15 minutes. And "use a free site" is not an acceptable alternative.

I'm talking about payments in general. In a transaction online, there is a certain level of distrust. Both sides are trying to verify to the other that they are legit.

> Yes, but for this discussion, it is completely anonymous.

Why not make credit card vendors completely understanding and customers completely trustworthy as well for the discussion? Then they can just use Visa.

> Your wife cannot figure out the owner of the porn site's wallet ID.

Bit sexist. Assuming that it's the man purchasing the porn and the wife isn't savvy enough to realize that either there's no damn pizza or that you paying pizza half with regular currency and half with bitcoin is just kind of dumb. And would effectively make it double the price since the charge on the card is the price of a normal pizza. If you're going to lie, do it right. Just say you invested a small amount. And when questioned later, say it tanked, good thing you only tested $100 or so. That might buy you 5 months of a site that charges a $20/mo subscription fee. After that, you're on your own.

> the value is going to change less than 1%

You hope. Bitcoin has dropped over $1000 in 1.5 hours. And you're ignoring the transaction fee of the payment and whatever the exchanges charge for cashing out. So you're looking at probably around 30 minutes turnaround from the customer saying "I will pay you" to you collecting any actual money.

1 comments

You can check the balance of their BTC account. If the balance is there and the tx fee is high enough then there is a high probability the payment will post. Its a credit risk for sure, but for only a short period and the consequences of default are relatively benign.