Bitcoin Forum

I really feel that the whole ASIC issue is totally counter productive to BTC\LTC community

It is the tail wagging the dog..mining is part of securing the network that is all.

The 90% focus that goes on I feel a lot of people are missing the point... There is so much potential business oppurtunitys  with BTC\LTC it just requires some real world effort

I had a meeting with one of the top eneterprise Architechts of Digital for NAB Australia (www.nab.com.au) and due to 4 square I was told all of the banks are now ready to deal with new technology's...

Here is a fact that should help u understand where the banks are @ the moment 

There are 14 million merchant accounts in US ..after 18 months of 4 square 3 million have moved to 4 square (4 square enables CC tx with a iphone/android and an adapter) they have lost 21% in business revenue basically overnight (in bank terms) they now know that they have to embrace new digital technology's otherwise they will be gone

Paypal Accounts tx in some of the personal banking channels I was told accounts for 30% of all tx

They are affraid and are now scrambling to find ways to "GET WITH IT"

They now know they have to adapt or die...we are building a BTC\LTC payment processor & also looking at putting some levels of security back into the network

There are some minor changes that are needed to make it all bank friendly (will disucsss l8r) but the time is now :D

So really "FUCK ASICS"  they are irrelevant and focus on mainstream there is so much business that we can all do that even if we had 100 company's doing BTC\LTC services you probably would not come across each other once in 2 years

What is 'tx' in your post? Besides that I fully understand the situation, ASICS are the new kid that may or may not move into the empty lot in the neighborhood.

My biggest reason for not starting a BTC business is, who the hell wants to order organics off of the internet?

I can't compete with health food stores, or regular grocery stores, and shipping alone kills me. A few plantains, some breadfruit, starfruit/carambola or papaya slices for a BTC or parts of a BTC, but an entire BTC or more for shipping?

There went my business.

Transaction, I think.

TX = transmit "something"
RX = receive "something"

Sunny regards from holiday island Koh Samui (Thailand),
 Ecki