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Bitcoin: Free Money or Fraud?

18 pointsby dsterryabout 13 years ago

3 comments

sgornickabout 13 years ago
Title was a bit confusing. You aren't purchasing bitcoins, you are purchasing goods using bitcoin. Big difference.<p>Great service though, I use it as both a supplier and a customer!<p>And found a couple new songs for my playlist!
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dsterryabout 13 years ago
Subby here. For a demo of how the purchase process works see <a href="http://www.youtube.com/watch?v=sVBxvnQEy9o&#38;hd=1" rel="nofollow">http://www.youtube.com/watch?v=sVBxvnQEy9o&#38;hd=1</a><p>In the first couple weeks we have added 40 suppliers and 100 downloadable items. We take a competitive 20% of sales and pay in 48-72 hours. We're looking for feedback on who to approach for supplier relationships, startup mentoring, and funding.
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Gringabout 13 years ago
As far as I'm aware of, the blockchain only gets signed every few minutes or so.<p>So how can you achieve this low latency? Do you just base your decision "x has paid" on the still unsigned chain? That's quite risky and open for exploits, isn't it?<p>Also, what do you do if there are orphan blocks in the chain?<p>(Comment about coindl.com, not the book the article links to.)
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