French Tobacco Shops Will Sell Bitcoin and Ethereum Starting January 2019 (venturebeat.com)
Tobacco shops are a staple of daily life across France, selling cigarettes, newspapers, magazines, and lottery tickets. Come January, these most traditional of merchants will take a plunge into the future by adding cryptocurrencies to their wares. From a report: The French Federation of Tobacco Vendors (French Confederation Nationale des Buralistes), which represents the 27,000 tobacco shops in France, announced that it has approved plans for its members to sell Bitcoin and Ethereum to customers. The program is expected to start in 3,000 locations in January, eventually rolling out to all tobacco shops across the country. Of course, the timing is somewhat less than ideal, as prices of cryptocurrencies have been in free fall most of this year. Just this week, Bitcoin hit a new low for 2018. While the effort is seen as a new potential revenue source for these merchants, it remains far from clear how interested the general public is in owning cryptocurrencies.
how do I give a girl oral sex? I hooked up with a girl at a bar, we went back to her apartment, and she asked for oral sex. I told her I had to take a shit first, so I'm in the bathroom researching it on my Samsung Galaxy Note S3+ Optima. Let me know quick! thanks - Emil.
Digital currency is in a slump for sure. But to me it seems inevitable to rise over time again...
Not just because of stories like these, which give easier access to digital currency. Instead, I think it will be because there will be a natural pushback from populations across the globe to further government control and monitoring, and there aren't many ways to really express that in a useful way other than Bitcoin (and sort of Etherium).
As governments try to shut more and more cash outlets down, it's only natural people will be drawn to Bitcoin for grey or black market stuff, the kind of stuff that even the most tightly controlled government on earth (or perhaps especially the most tightly controlled government on earth) cannot or will not get rid of because in the end - humans are humans.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
A woman bought the number 1 for $10.
A man bought the number 2 for $20.
They happen to be related, but that just shows how valuable these numbers are, even family thinks they're valuable! Totally not a scam or anything.
My crypt algo generates magic numbers, I call "prime" numbers, and 11 is coming up for sale. Invest now, because these 'prime' numbers get very difficult to calculate fast, and that is why they are so valuable!
I'm calling it "Primecoin", and it includes a mechanism to track ownership of prime numbers (email me, and I write down your email address in my notebook with proper blue permanent marker).
They're trying to reclaim the lost market for illegal drugs by cornering the means of purchase.
Stores that sell useless products that are bad for you are going to sell more useless products that are bad for you ...
More news at 11.
"French Tobacco shops... selling cigarettes, newspapers, magazines, and lottery tickets."
Well, that's the stamp of financial legitimacy right there. Classy!
See subject: I'm so sick & tired of /. BULLIES. You shitweasels have nothing better to do than HARASS, STALK & IMPERSONATE little ol' me. I've done absolutely NOTHING wrong & just try to make everyone's lives better w/ my work that stops ads & malware.
* As soon as I post, I'm CENSORED to -1 w/ ABUSED downmodpoints by bullies like ZIP, who even admits to this. I caught c6gunner mocking then IMPERSONATING me when he forgot to log out. Zontar mailed me a postcard w/ THREATS on it, then LIES & STALKS me. All because you JEALOUS JOWIE "ne'er-do-wells" KNOW I'm World-Class & you're shit. It's why you hide behind FAKE names & UNIDENTIFIABLE ANONYMOUS. I caught viperidaenz & webmistressrachel IMPERSONATING me too. The OLD HAG knows nothing about computers and LIES about me instead. You wish you were me & that's why you IMPERSONATE & ATTACK me.
I'm even improving my already GREAT PHYSIQUE & SUPERIOR INTELLECT while you weezils sit around all day on /. STALKING & HARASSING your BETTERS. I repeatedly dust the no-mind bullshit blatherings you BULLIES post to attack me. Like always I WIN & YOU LOSE.
APK
P.S.=> This BULLYING of me is SO UNFAIR & I've done nothing to deserve it from you people. I'm tired of CASTING PEARLS before SWINE with my work that you CAN'T do better than. GROW UP... apk
Is this "good news" is the best Bitcoin shills can find, for trying to stop public panic? :-)
Because here some other recent news:
(The biggest?) US Bitcoin mining company (Giga Watt) declared bankruptcy!
Chinese miners started dumping mining equipment, because they became worthless!
Some people who sold bitcoin in some exchanges waiting for weeks to get money w/o success!
Not to mention Bitcoin price keep having massive drops!!!
=>
BITCOIN IS DYING!!!
Sell & save whatever you can before it drops to ZERO!!!
(Or keep listening to Bitcoin shills, who (naturally) keep trying hard to convince the public everything is still OK!!!)
i would rather buy a kitty litter box
Wasn't the original point of crypto to act as a replacement for cash in order to purchase goods and services? Not the other way around? Shouldn't the tobacco shops be accepting crypto as a form of payment for goods and services?
gweihir KNOWS u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... he forgot to SUBMIT as AC & using his registered 'lusrname' instead (because he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
& NO WAY I'd "cry" like you "playing victim ne'er-do-wells" on /. (TROLL /.ers, not all) OR post on hosts offtopic.
YOU HELPED ME https://science.slashdot.org/c... (& you quit trying to make me look bad trying to "tell lies" on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... as regards Intel speculative execution attack? Hosts PREVENT 'EM)
APK
P.S.=> I KNOW the 2nd to last link above's KILLING YOU - YOU ACTUALLY HELPED ME getting me to see if hosts stop more than portsmash (& Meltdown + Spectre too) & "lo & behold" - hosts WORK on 'em - U LOSE... apk
buying and selling at essentially bitcoin ATMs.
The concern however I heard was that the ATMs were also livefeeding to the FBI so they could perform facial recognition on any bitcoin ATM users under the assumption it was being used for money laundering. While I am not sure of the truth, it was enough to make me wary of using them.
One pack of Luck Farts? That will be 3 bitcoins please. Four if you don't hurry
If I told you you had a beautiful Bitcoin, would you hold it against me?
See subject & I didn't post this (YOU did + you want it to SEEM I play "victim" but SLIME LIKE YOU are MY victims) https://slashdot.org/comments.... & FUNNIEST PART?
* You PROJECT you use the "help me mommy" VICTIM bs in YOUR wasted DO-NOTHING "ne'er-do-well" life - save that for your mommy, ok? It doesn't WORK on me you pitiful little manipulative DOUCHE - you're TOO STUPID to even TRY pull that - get over your LIMITED brain's capacity & don't think too highly of yourself... you're way too dumb for that.
Your FAVORITE COLOR? Has to be TRANSPARENT since you're SO easy to see through...
APK
P.S.=> & I'm also SURE your PUNY TRICKS don't work on others here either as you try "turn them against me" etc. case in point e.g. = gweihir https://it.slashdot.org/commen...
Only people stupid enough to smoke would be stupid enough to but bitcoin.
THERE WILL BE CONSEQUENCES FOR YOUR LIES SUPER FAGGOT KEN DOLL
Filter error: Don't use so many caps. It's like YELLING. Filter error: Don't use so many caps. It's like YELLING.
THERE WILL BE CONSEQUENCES FOR YOUR LIES SUPER FAGGOT KEN DOLL
Filter error: Don't use so many caps. It's like YELLING. Filter error: Don't use so many caps. It's like YELLING
Wasn't the original point of crypto to act as a replacement for cash in order to purchase goods and services?
Yes, but the point is you would buy the bitcoin from the tobacco shop to use to purchase things you could not buy at the shop, hint hint...
Either way you are buying something to burn later for some form of enjoyment.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Only, not this time. Maybe in the near future. Maybe in the far, far, far future.
This should convince even the most ardent cryptocurrency believer that it’s over - it’s time to move on.
#DeleteChrome
only way 7o go:
L) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
I) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
A) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
R) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
I will not buy this bitcoin, it is trashed.
While I am enamored by the cleverness of the entire proof of work system it seems like there's an inescapable problem with the proof of work concept.
To boil bitcoin down to it's most elemental irreducible aspect there is one and only one thing that all cryptocurrencies have to do. This is prevent double spending the same token without using a central authority to regulate when a coin is transferred and can't be spent again. There's other nifty bells and whistles but that is the one thing they must do.
The bitcoin solution to this is to make it prohibitively expensive not impossible. It works by making it so that in order to spend twice you have to be able to hash the ledger at least twice as fast as the rest of the system's combined effort. If you can do that then you can spend a coin, let the transaction close, then go back to the old ledger without the coin being spent, and hash it two more times quickly. Now you have the longest blockchain and it by fiat is the one that will be accepted. In practice you might actually need to be more than 2x.
So when would it be worth it to acquire so much computing power? When the double spend value to you exceeds the compute cost.
Therefore to make it prohibitive the compute cost has to be pegged to be near (or half) the most you could steal in one transaction.
That is the irreducible cost. It's not that the computation is expensive, it's that it HAS to be expensive ot the whole process fails.
Therefore the larger the transactions on bit coin and the more outstanding coinage there is to steal, the higher the transaction costs needs to be.
Thus bit coin baked in the seeds of it's own destruction. It can't expand past a certain capitalization without becoming too expensive to hash. that part of it cannot be removed.
So it's trash
Some drink at the fountain of knowledge. Others just gargle.
I am anticipating poor sales, as BTC is circling the drain.
"The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
A thing can't be both an investment instrument and a working currency at the same time.
A) I am saying it's mostly going to be a working currency, however...
B) are you really trying to say that currencies are never are treated as investments? Really?
Even the USD (sort of stable) is used by people around the world as a hedge if nothing else. Just what life experience makes you think any currency cannot work for people and also be an investment at the same time? The more I think about it I am pretty sure you have the mocking direction backwards on that one. But I for one will not mock you for that deeper understanding of the workings of currency, as most people don't think about it that way...
"There is more worth loving than we have strength to love." - Brian Jay Stanley
L) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
I) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
A) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
R) Ken doll you're a dishonest faggot and everyone on this site for any length of time knows it.
This is proof that the crypcoin craze is over.
Good riddance.
"French Tobacco shops... selling cigarettes, newspapers, magazines, and lottery tickets."
Well, that's the stamp of financial legitimacy right there. Classy!
True, no where near the financial legitimacy as say a Magic the Gathering Trading Card Exchange that was handling 70% of all bitcoin transactions in 2014, before it noticed that 850,000 bitcoins were missing and shut down and filed for bankruptcy.
Seriously, I did not make that up.
https://en.wikipedia.org/wiki/...
Now my financial investments can go up in smoke, in addition to my other purchases from that shop.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
Think about how much Bitcoin would rise again if even 10% of the people in most modern cities around the world bought and started using a few hundred $ worth.
How does one "use" bitcoin in daily life? In many national jurisdictions with those modern cities bitcoin is considered an asset. So when you buy a cup of coffee with bitcoins you have to note the price of those coins when you received them, note the current price at which you used them, calculate the gain or loss that was just realized and report that gain/loss to your tax authority when you file your tax return. Just as if you sold an asset such as stocks.
Of course buying that coffee was theoretical. Except when engaging in some sort of public stunt, a product or service purchased with bitcoin has to be one where it is OK to wait about an hour for the bitcoin transfer to verify.
Bitcoin is not a currency at this time. It is currently two things. (1) A highly speculative investment vehicle. (2) A method to transfer funds person to person. Note that in such bitcoin transfers neither party usually holds bitcoins for an appreciable amount of time, typically bitcoin is purchased with a real currency, the bitcoins transferred and verified, and the bitcoins immediately sold for a real currency (which may be different than the previous currency). Similarly merchants that engage in public stunts where they accept bitcoins for goods or services typically use a payment processor that immediately converts the bitcoins received to a real currency in some manner. There merchants usually do not hold bitcoins. Bitcoins are generally held only by the speculators.
But they'll help you die penniless as well. What a brilliant idea.
Or maybe eet's fantastique. Really, I don't give ze, how you say, merde.
https://www.lemonde.fr/les-decodeurs/article/2018/11/21/les-bitcoins-dans-les-bureaux-de-tabac-une-information-fumeuse_5386538_4355770.html
This is the term I hear from people that believe in crypto. You use it and you top up when you you spend it.
Problem solved.
gweihir KNOWS u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... he forgot to SUBMIT as AC & using his registered 'lusrname' instead (because he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
& NO WAY I'd "cry" like you "playing victim ne'er-do-wells" on /. (TROLL /.ers, not all) OR post on hosts offtopic.
YOU HELPED ME https://science.slashdot.org/c... (& you quit trying to make me look bad trying to "tell lies" on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... as regards Intel speculative execution attack? Hosts PREVENT 'EM)
APK
P.S.=> I KNOW the 2nd to last link above's KILLING YOU - YOU ACTUALLY HELPED ME getting me to see if hosts stop more than portsmash (& Meltdown + Spectre too) & "lo & behold" - hosts WORK on 'em - U LOSE... apk
People are stupid. They smoke, vape, gamble. You're doomed.
No one is offering to BUY Bitcoin and Etherium? Suckers...
Seven puppies were harmed during the making of this post.
Until you can get Bitcoin from a shop or bank it will never be adopted as a currency. Frankly, it's a pain in the ass to buy and even more so when it's depreciating by the day. On this basis it's useless as a currency for casual shoppers.
The primary real-world use of cryptocurrencies is money laundering. The business model of the shop will be to facilitate the acquisition of illegally acquired cash, transfer to bitcoin, transfer it somewhere else, and for somebody else to get out laundered money, some other time or some other place.
That's a good business for on-the ground shops who already have lots of cash business. Furthermore the shops could convert some of their own cash receipts of their typical sales of goods into bitcoin and evade taxes and scrutiny from regulated banks from depositing much more currency than reported on tax reports.
Shop owners will convert some gross receipts into bitcoins and then take it out in some other tabac shop. The overt business will appear to operate at a loss or breakeven. The shop owners will all agree to go for it so they all benefit.
It makes sense for the shops to want to do this, and it makes sense to disallow it.
The problem we have right now is too many people are focused on speculation and not enough people are focused on acceptance. Without wider acceptance / use it's not as useful or stable as it could be. I find crypto currencies useful because I can receive small and large sums of money from customers online and spend it locally or online and save about 3% in credit card processing fees on each end of a transaction (when I accept it and when I spend it).
The problem is right now there are still people out there pushing crypto in terms of an investment, but it's not really useful/worth anything if there is nowhere to spend it. That isn't to say nobody is accepting it, but the "investors" are hyping the shit out of it and it's wrongly being toughed as if its being widely used thus having more value than it does currently. This is based largely on trading volume rather than actual usage in commerce. The potential is there for the hype, but nobody "investing" in it should be speculating more than 10 years out based on current usage (as opposed to trading volume).
While these places should sell it- they should also accept it back as payment. Otherwise we will continue to have speculation overshadow its real world usefulness and value. There are three or four use cases and I see it actually being used- but mostly in pockets in different places. Primarily online merchants (my company accepts it), at brick and mortar retail shops/restaurants/etc in Venezuela and New Hampshire (I spend it 3-4 times a day typically online and off), and on the dark web (haven't done it myself, but I know it's being used here).
I wonder who will use that service. Except for the case of people getting infected with ransomware, the interest for cryptocurrency in the general population is rather low.
The original news is not true. The following post (in french) gives a denial from the Banque de France
https://www.lemonde.fr/les-decodeurs/article/2018/11/21/les-bitcoins-dans-les-bureaux-de-tabac-une-information-fumeuse_5386538_4355770.html
La Banque de France a démenti auprès du Monde avoir conclu la semaine dernière un accord en ce sens avec la Confédération des buralistes"
The Bank of France has denied to Le Monde to have concluded last week an agreement to this effect with the Confederation of tobacconists "