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MarketShark

04/04/14 2:12 PM

#1680 RE: BenjaminN #1679

It would take the retailer a fraction of a millisecond to determine the price it is at... the Bitcoin Collect software will take care of that for the retailer! What's important is the price fluctuations of bitcoins. Since the company will be charging a small % fee to buy the bitcoin from their software, the higher the price of bitcoin the more the fee actually is. Check out this CEO who believes bitcoin will be worth $1M in 10 years, 1% fee would mean $10,000 revenue! Unlikely the fee woudl remain 1% at those levels but think of the possibilities here for SOCR.
http://blogs.wsj.com/digits/2014/04/02/bitcoin-price-to-1-million/

Russmax

04/04/14 2:54 PM

#1682 RE: BenjaminN #1679

nothing you are stating is impossible, hell, have pre dollar amounts on cards just as you see now, it will be the size of the bitcoin is what you are getting, also every darn card can have its own wallet already, as to the idea of this card being same as cash, whoever handles it uses it at will....nothing wrong with that, we all handle cards that are good as cash and cash itself, nothing different....buy a few, put them in a safe deposit box/fire proof safe or transfer them to your own personal wallet, at that point they belong to you...all sorts of ways without limitations as you are saying