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Showing 4 of 4 results by larrysfairchild
Re: The Future of Bitcoin is Biometric authentication and identification
Forget about the financial 'geniuses' trying to figure out the true value of BTC. And don't worry about how and why bitcoin may or may not fail.
Digital crypto currencies are the future and simply an evolution of the current credit and debit card networks we are using right now.
One the hurdles bitcoin has to overcome before it will ever become adopted by the mainstream is one of ease of use.
It's pretty hard to fuck up using a credit or debit card.. and even if you do the bank and credit card companies will generally cover you as a consumer. Merchants get the shaft of course.
Bitcoin's semi anonymity is great except it's as insecure on a social level as paper money. I don't want to be in a dark alley making a 10k transaction with someone i don't know for a physical item i can't test or return.
Wallet addresses need to be bound to an identity so reputation and trust can be established thereby building a framework of security and accountability.
The semi-anonymous nature of bitcoin also lends to it's lack of user friendliness. Most people simply don't have the understanding or knowledge required to secure and use their wallets. It's to fricking hard and stressful when you have a large number of BTC. Bare minimum we can agree it's a lot harder and more stressful than it is to use a debit or credit card backed by 'money' in a bank.
I understand there is a lack of trust in banks and financial institutions and that is the appeal of bitcoin. but bitcoin doesn't become mainstream without being EASIER to use.
This is where biometric wallets will come into play. If bitcoin is not the first to adopt this it will fail. And if it is the first to adopt it then we know we have pioneered the beast system where buying and selling cannot be done without the mark.
Your biometric information generates a key tied to your wallet. QRcode is replaced or exists alongside your biometrics. This is coming. A company like blockchain.info is surely looking at this. Adoption rate will soar through the roof when wallets are inexplicably tied to identity. Everything falls into place.
Digital crypto currencies are the future and simply an evolution of the current credit and debit card networks we are using right now.
One the hurdles bitcoin has to overcome before it will ever become adopted by the mainstream is one of ease of use.
It's pretty hard to fuck up using a credit or debit card.. and even if you do the bank and credit card companies will generally cover you as a consumer. Merchants get the shaft of course.
Bitcoin's semi anonymity is great except it's as insecure on a social level as paper money. I don't want to be in a dark alley making a 10k transaction with someone i don't know for a physical item i can't test or return.
Wallet addresses need to be bound to an identity so reputation and trust can be established thereby building a framework of security and accountability.
The semi-anonymous nature of bitcoin also lends to it's lack of user friendliness. Most people simply don't have the understanding or knowledge required to secure and use their wallets. It's to fricking hard and stressful when you have a large number of BTC. Bare minimum we can agree it's a lot harder and more stressful than it is to use a debit or credit card backed by 'money' in a bank.
I understand there is a lack of trust in banks and financial institutions and that is the appeal of bitcoin. but bitcoin doesn't become mainstream without being EASIER to use.
This is where biometric wallets will come into play. If bitcoin is not the first to adopt this it will fail. And if it is the first to adopt it then we know we have pioneered the beast system where buying and selling cannot be done without the mark.
Your biometric information generates a key tied to your wallet. QRcode is replaced or exists alongside your biometrics. This is coming. A company like blockchain.info is surely looking at this. Adoption rate will soar through the roof when wallets are inexplicably tied to identity. Everything falls into place.
Biometrics devices are really in nowadays as you can find it also in your gadgets as easy as that you can use and capture your fearures...so in the case of consumers security and protection thats the time Biometric is important....as me of my self not known of its real value before but in the passsing days that i've learned its really important that we have to undergo what ever we will be in the future and we need security for authentication and identification .....
who can explain ？
the top 1 is 43btc...omg...
altcoin is dead?
the top 1 is 43btc...omg...
altcoin is dead?
reading this post was giving me a second thought but realizing maybe its really tru and i can also get an idea what to do in all of my doubts..thanks for sharing your insights..
After hours of slaving on a very complex logo, I have finally finished.
http://i.imgur.com/ZkOFHX3.png
http://i.imgur.com/ZkOFHX3.png
While I agree this logo is complex and beautiful, but don't you lie to us you've spent hours to create it. I can clearly see the time when you've posted. And you shouldn't lie. You've created this masterpiece in less then half an hour which is impressive
Amazing!! you really put effort to your masterpiece...its really remarkable that you done this kind of awesome logo..hope you win!!!
Would you like to get some free Blackcoins?
Well then let me introduce FreeBlackcoinGames
This faucet site makes gaining small amounts of Blackcoin fun and interactive. I've started by releasing the first game: Lotto.
Here are its features:
--Win up to 100 Blackcoins!!
--Play up to 5 games per 45 minute period
--Once you hit the minimum withdrawal limit, payouts are one click away and instantaneous (because its Blackcoin
)
--Refferal Sytem: you get 15% of anything your referrals withdraw added to your balance
Donations are welcome and will help increase payouts: BA7STxypUyX5NE8RZm5EjTeXQ5Ws6Uh9e9
If anyone can add this to a Blackcoin faucet list it would be appreciated, thanks
Well then let me introduce FreeBlackcoinGames
This faucet site makes gaining small amounts of Blackcoin fun and interactive. I've started by releasing the first game: Lotto.
Here are its features:
--Win up to 100 Blackcoins!!
--Play up to 5 games per 45 minute period
--Once you hit the minimum withdrawal limit, payouts are one click away and instantaneous (because its Blackcoin
)--Refferal Sytem: you get 15% of anything your referrals withdraw added to your balance
Donations are welcome and will help increase payouts: BA7STxypUyX5NE8RZm5EjTeXQ5Ws6Uh9e9
If anyone can add this to a Blackcoin faucet list it would be appreciated, thanks
This cool!! this great news!! thanks for the free black coins....