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all my coins are mined altcoins converted
Have bought a few games for steam, still hoping more places accepting them (or at least have trusted sites that help to convert it) so I can use more services without entering CC info.
Have bought a few games for steam, still hoping more places accepting them (or at least have trusted sites that help to convert it) so I can use more services without entering CC info.
I have a feeling that off-chain transaction partially defeats the purpose of BTC, if you gonna hand the paper why don't you just use cash?
Also, the payee also knows the private key in this case, which is very stupid, remember the most important lesson of owning BTC: IF you are not the sole owner of the private key, you don't own any BTC in it.
Also, the payee also knows the private key in this case, which is very stupid, remember the most important lesson of owning BTC: IF you are not the sole owner of the private key, you don't own any BTC in it.
students themselves wont be putting their own fiat into bitcoin. the reason: because they're students and cant afford it.
what will happen is you will see alot more apps on itunes and google play that are bitcoin enabled. you will see lots of shopping cart extensions, payroll software and other financial gadgets,widgets and apps. all bitcoin enabled for everyone to use.
well thats the short-medium term things to see.. as for the long term you will see the students graduate and start their own businesses, thus bringing a new-wave of bitcoin related businesses.
.............. or, they will just cash out bitcoin for fiat and buy pizza and beer
what will happen is you will see alot more apps on itunes and google play that are bitcoin enabled. you will see lots of shopping cart extensions, payroll software and other financial gadgets,widgets and apps. all bitcoin enabled for everyone to use.
well thats the short-medium term things to see.. as for the long term you will see the students graduate and start their own businesses, thus bringing a new-wave of bitcoin related businesses.
.............. or, they will just cash out bitcoin for fiat and buy pizza and beer
more places accepting BTC = higher liquidity = BTC has higher value
Re: Next time someone tells you Bitcoin is bad cuz its used for Illegal Activity...
after showing them the drug scandals dollar has. the skeptics will then say, "ok so drugs is not a big deal".. what about all the thefts from exchanges and 3rd party services..
show them this and remind them about banks
http://www.youtube.com/watch?v=DsXHHoKgZcU
show them this and remind them about banks
http://www.youtube.com/watch?v=DsXHHoKgZcU
What is it so much more 'in your face' with bitcoin. Banks slowly drain you, bitcoin happens overnight and poof mt gox runs.
Because BTC is a new system that don't need banks, but these big corps who want your money still make their firms run like banks.
You are thinking too specific and perhaps PoS was not the best example. But imagine a tiny low-power, low-cost bitcoin node with trivial set-up. I think some people would find innovative uses for these, while others would buy them simply to help support the network.
I'm quite skeptical about this.
Quote
You wouldn't mine with an ARM processor. You would mine with a bitcoin miner that employs 1 or more SHA256 ASICs. If the ARM-core bitcoin node was cheap and simple enough, the "hashing device" could be transformed by default into a "plug-and-play P2P miner" by the manufacturer. This may help to decentralize mining.
The reason mining is becoming increasingly centralized is related to equipment costs, power costs and equipment delivery times; mining is simply not profitable on a small scale, and nobody with a little common sense would buy an ASIC miner to run it at home. The availability of a cheap stand-alone Bitcoin node is not going to change this at all.
That's why we need to educate bitcoin users that mining is not about profit.
If you want to prevent 51% attacks.
We need millions of low price low power low hashrate ASIC so everyone can mine
Now mining is only done by rich people that owns big server farms which is a danger to the security of BTC itself.
We need millions of low price low power low hashrate ASIC so everyone can mine
Now mining is only done by rich people that owns big server farms which is a danger to the security of BTC itself.
BTC can still transfer like creditcard, there's coinbase where you can put your BTC there and merchants accepting BTC using coinbase can insta confirm your transactions, BUT just like paypal you're giving a third party control of your money.
You tax land, you tax imports & exports, you tax people coming & going, you tax the cars, and you tax the planes.
Governments will still be able to operate & be able to tax theirslaves citizens. Cryptocurrencies may make governments a bit smaller and leaner, but they won't get rid of them.
Bitcoin will allow us a better way to send money around the world for just pennies and allow the storage of wealth in cyberspace. It will allow people an easier way to flee the worst governments.
True they can always tax the business owners then they'll pass the cost to the consumers.Governments will still be able to operate & be able to tax their
Bitcoin will allow us a better way to send money around the world for just pennies and allow the storage of wealth in cyberspace. It will allow people an easier way to flee the worst governments.
No pay tax? Go to jail, that's their power. Not from the country? Prevent their goods from entering the country.
And businesses can't really hide their identity like consumers do as they have to put a public address when receiving BTC from their customers and then it is easy to track from there.
There's an easy solution for handling confirmation times.
You make them pay after they order.
By the time their food is ready, there'll already be 1 confirmation and 2 or 3 when they leave.
If something happen you can just ask them to pay again, and their wallet will also show that the transaction failed if things do happen.
You make them pay after they order.
By the time their food is ready, there'll already be 1 confirmation and 2 or 3 when they leave.
If something happen you can just ask them to pay again, and their wallet will also show that the transaction failed if things do happen.
this requires a company everyone absolutely trust to handle all the information.
They'll be holding coins when the recipient has no public address and associating each SMS/email with an address and promise not to meddle with them.
I think sending directly to public address is easier.
They'll be holding coins when the recipient has no public address and associating each SMS/email with an address and promise not to meddle with them.
I think sending directly to public address is easier.
Anyone know?
It seems that anyone wanting to further the interests of Bitcoin would be pushing HARD for Riot to accept BTC.
If you don't know - Riot run League of Legends. It's by far the biggest game in the world, see here:
See it has 3 million individual users every month compared with about 600k playing the top 100 PC games on Steam.
They make their money by selling RP (Riot Points) that players use to buy character upgrades. People spends small fortunes on this crap. Look on e-bay, there are accounts for sale with literally hundreds of skins which equates to hundreds of $.
Now it's mainly kids that play this game, I guess lots of them take money from Daddy's credit card to buy this stuff, but surely this is a prime example of where Bitcoin (internet cash) could be king?
Put yourself in a 15 year old's position - you have no credit card so can't pay for RP with Paypal or Moneybookers, however you do have some cash and could buy some Bitcoin. Send to Riot, get the RP, everyone's happy.
Riot games must turn over millions of $ selling these skins, if 25% of that was Bitcoin it would be a big boost to the whole Bitcoin ecosystem.
It seems that anyone wanting to further the interests of Bitcoin would be pushing HARD for Riot to accept BTC.
If you don't know - Riot run League of Legends. It's by far the biggest game in the world, see here:
See it has 3 million individual users every month compared with about 600k playing the top 100 PC games on Steam.
They make their money by selling RP (Riot Points) that players use to buy character upgrades. People spends small fortunes on this crap. Look on e-bay, there are accounts for sale with literally hundreds of skins which equates to hundreds of $.
Now it's mainly kids that play this game, I guess lots of them take money from Daddy's credit card to buy this stuff, but surely this is a prime example of where Bitcoin (internet cash) could be king?
Put yourself in a 15 year old's position - you have no credit card so can't pay for RP with Paypal or Moneybookers, however you do have some cash and could buy some Bitcoin. Send to Riot, get the RP, everyone's happy.
Riot games must turn over millions of $ selling these skins, if 25% of that was Bitcoin it would be a big boost to the whole Bitcoin ecosystem.
Why not post it in LoL forums instead of here?
At least someone in charge will see it there.
Re: A reason to use Bitcoin I have never heard anyone talk about!
And where are you processing your bitcoin? tablet, keyboard, smart phone?
Imagine loads of people rubbed their sweaty hands on a glass window and then you licked it.
Imagine loads of people rubbed their sweaty hands on a glass window and then you licked it.
You are going to process your bitcoins on your own device and ONLY your own device.
If you let any other device sign your tx, you are giving out your private key which compromises your wallet.
The actual problem is merchants are cashing BTC for bank currency immediately because they have limited use of them. When enough merchants accepts them, they'll no longer need to cash out which will be good for BTC then.
Where's the money, there is also fraud.
Don't have to be money.There could be fraud at any form of trade.
or we just need someone to make a formula for the risk of double spent/forks for each layers of confirmation, and determine the risks to make a reference guide on Y confirmation are recommended if you sent X BTC