We are indoctrinating kids now? Bitcoin is officially a cult.
When I was a kid, a large bank got class time to come and indoctrinate us into the way of banking. It was a bit of a scam - because the special 'kids' bank accounts they gave us were insulated from reality by not having fees. It came as a bit of a shock as a teenager to find my few dollars whittled away. I wish they'd just been honest from the outset. Similarly - I cringe when people promote Bitcoin as 'no fees'. We need to be upfront about it. Especially to kids. They remember little dishonesties like that - and might hate bitcoin like I hate the banks for it! |
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2012-05-18 americanbanker.com - Banks' Bitcoin Influence May Rise as Dwolla's Declines When the alternative payments provider Dwolla changed its terms of service earlier this month, it made it harder for users of the digital currency Bitcoin to use Dwolla as a funding source — and easier for banks to step in and benefit from the Bitcoin economy. https://bitcointalk.org/index.php?topic=82439.0 |
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hey mr. karpeles please challenge me in court over this i'd love to show you how trademark law works
We registered the Bitcoin trademark to protect it and allow anyone to use Bitcoins without risking to be attacked by our Pascazi friends (or other people). More people using Bitcoin freely is of course good for our business. Some US lawyer registering the trademark in various countries with plans to profit from the registration and not by allowing more people to use Bitcoin is bad for our business. We didn't register the trademark for the purpose of preventing others from using the word Bitcoin, but to protect ourselves and our customers from people who have this kind of mindset. The intention behind this is excellent. I'd be happier if it was a separate legal entity that held the trademark though. If for some terrible reason (simultaneous earthquakes destroying your BTC wallets?) Tibanne went into administration - wouldn't the administrators simply view it as an asset for sale in order to recover funds for creditors? Similarly, if Tibanne changes ownership - the original intention may not hold. Still.. you can't account for every possibility. For now, it's well placed in your hands I think. |
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Innovation in the Government Industry, Vol. 2: Bitcoin Michael B. Fishbein 2012-05-17 http://www.huffingtonpost.com/michael-b-fishbein/innovation-in-the-governm_1_b_1519667.html... Bitcoin brings into question the widely held assumption that we have to use currency issued by the government to make a transaction and opposing a widely help assumption can present opportunities. ... The risk that the government may declare Bitcoin illegal is a risk to the technology, and seems to be reflected in exchange rates. ... |
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The 'IT Security Hack' blog Bitcoin Theft of $90,000 is a Real Whodunnit Bitcoinica, a provider of online virtual currency, was recently robbed for the second time in 10 weeks, and the circumstances are suspicious, to say the least. Unfortunately, the company can't call in the authorities, since it's unclear which agency would have jurisdiction over the incidents. Constantine von Hoffman 2012-05-17 http://blogs.cio.com/security/17085/bitcoin-theft-90000-real-whodunnitLast week’s theft of $90,000 in Bitcoins from the Bitcoinica website is beginning to look a lot like an episode of Law & Order. ... |
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Recently, an article was published in a newspaper, showing a 'tungsten adulteration' attack that could be achieved using GoldCoin.
Yeah.. it's cheap and easy to tell your bitcoin is bitcoin, but not so easy to be sure that your gold is gold! It seems so many journalists are desperate to put on record their prediction of bitcoin's demise. Out of fear of 'egg on their face' - they're fearful to be seen to be optimistic about a potentially gamechanging technology. Sad that journalists seem to put their own egos ahead of unbiased reporting. They should mention pitfalls and concerns - sure... but many go beyond that into naysaying and negative spin. |
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E-money raises privacy concerns Nicola Mawson 2012-05-17 http://www.itweb.co.za/index.php?option=com_content&view=article&id=54870:e-money-raises-privacy-concerns... E-money is not regular cash going online, but is rather the concept of a digital bearer certificate in a cashless world, explains Matonis, speaking yesterday at ITWeb's Security Summit. He says it works the same way as hard currency, but is electronic, and transactions cannot be reversed. ... An example of decentralised electronic currency is BitCoin, which was launched in January 2009 by Satoshi Nakamoto, although there are doubts as to whether this is his real name, says Matonis. ... If a state wanted to take out the currency, it would only cost $43 million, although buying the processing power would not be that cheap, as it is the largest distributed network globally, says Matonis. |
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 Get a move on folks.. at this rate you'll be well over 1000 years behind the blockchain! |
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