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While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working

 
Anonymous Coward
User ID: 80396979
United States
06/11/2022 10:37 PM
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While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
[link to www.nj.com (secure)]

Imagine thinking you will have access to your bank accounts, debit cards, credit cards

Bitcoin was still working

Looks like the Bitcoin Economy will be busy while the rest sit on the sidelines watching us still be able to buy and sell stuff using Bitcoin

You saw you couldnt find change during Covid19. Imagine thinking there will be any cash around when the big inflation crisis hits
Anonymous Coward
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06/11/2022 10:38 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
Bitcoin isn’t for transactions though
AhhShit

User ID: 82640393
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06/11/2022 11:23 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
And the BTC payment took about 10 minutes more or less.
Anonymous Coward
User ID: 80486542
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06/11/2022 11:26 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
And the BTC payment took about 10 minutes more or less.
 Quoting: AhhShit


Takes 3-5 days for the Bank to fully verify a Debit/Credit Card transaction

Bitcoin pops up instantly once its sent.

Not sure wym by 10mins.

Get 2 Bitcoin wallets and send $1 to the wallet on video and show me the 10mins your talking about

:)
Anonymous Coward
User ID: 77992321
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06/11/2022 11:34 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
And the BTC payment took about 10 minutes more or less.
 Quoting: AhhShit


Takes 3-5 days for the Bank to fully verify a Debit/Credit Card transaction

Bitcoin pops up instantly once its sent.

Not sure wym by 10mins.

Get 2 Bitcoin wallets and send $1 to the wallet on video and show me the 10mins your talking about

:)
 Quoting: Anonymous Coward 80486542


You cant buy gas or groceries directly with bitcoin.

Needs a third party conversion to a bank or credit card.
Anonymous Coward
User ID: 77992321
United States
06/11/2022 11:35 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
[link to www.nj.com (secure)]

Imagine thinking you will have access to your bank accounts, debit cards, credit cards

Bitcoin was still working

Looks like the Bitcoin Economy will be busy while the rest sit on the sidelines watching us still be able to buy and sell stuff using Bitcoin

You saw you couldnt find change during Covid19. Imagine thinking there will be any cash around when the big inflation crisis hits
 Quoting: Anonymous Coward 80396979


You cant buy things like gas or groceries directly with bitcoin.
Anonymous Coward
User ID: 4812794
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06/11/2022 11:37 PM
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Re: While Visa And MasterCard Were Down Yesterday Bitcoin was Still Working
There are NO separate 'sites' that COULD go down for credit card. Their servers are NOT centralized, but distributed, and it would have taken a massive DDOS to take them completely down. OR, some minor easily fixed DNS error, or similar. Which WOULD be why no one else was affected.


.





GLP