The question would be, if there is a big enough market for this? The true Bitcoin enthusiast will buy this as a must have gadget, but the normal consumers will not see the value of this. They have no interest to secure the network.
In it's favor are the fact that it is fairly cheap, so it can fit into everyday gadgets, without the users even knowing that they buying into this. They simply buy the appliance with some extra features.

Just as long as you pay what is due, you should not have any problems. We have a different system and it is a lot less complicated than yours. I find when people exploit loopholes, these types of things are quickly picked up by the IRS and they close those gaps over time.

It's like a Anaconda - It push, every time you breath out, and you die slowly. 

I handled my first bitcoin very poorly, because I just bought it and I got quite paranoid on where to store it safely. There were a lot of hacking going around and people were complaining about breaches in online wallets. Yes, I did store my first coins in online wallets.

I still have those coins and they safely tucked away in cold storage.

Congrats, it feels good because you worked hard for it, I presume. Now onto the next 20 and you would be set for life.  Just make sure that you use a better method to store your coins. Have at least 50% of you coins in cold storage.

There is always a risk with third parties. ^hmf^

That is very good news. At least one bank can see the danger of investing in a highly insecure and untested environment like the permissioned / private Blockchains. Bitcoin is far superior and it has been through serious testing to be able to do the job.

Let's hope they follow the call to support Permissionless Blockchains.

Nigeria have a crazy history with corruption and to make things worst, major oil deposits have been found in that area, so it's natural that the corruption levels will go up. Politicians making these decisions will accept bribes and the easiest thing would be to find a way to get that money out of the country as soon as possible.

They do use other digital / mobile payment methods like M-Pesa, but it's linked to mobile phones and could be traced via the centralized cellphone operators to the corrupt officials.

Merchants who accepts Bitcoin as a payment method, have a advantage over other companies. They can use the lower fee's associated with Bitcoin payments to fund these massive discounts. The other companies still have to pay these high fee's and take a cut in their profits to enable them to offer these discounts. ^hmf^

A wall of text that makes no sense at all.  You saying a person who use this service, has to be a bitcoiner? You get a lot of people who have been unbanked by banks, who would use this service and some users that ran into difficulties with other services like PayPal, but still need to buy something. I have only mentioned a few of the examples, why people might want to use this service, there is much more.

When someone blocks you from using your credit card or your PayPal account, what other options do you have? Currently there are very limited options and a service like this, could be the answer. ^hmf^

That is just the thing, we never know what these merchants will do. I saw in another thread that over 150 merchants will be taking part in this and possibly even new retailers like Wallmart. If this happens, you would see a massive coin dump and these new companies would not hold on to their coins. They will convert everything to fiat and the price will drop. ^hmf^

I think they would lower their fee's and become more competitive or add some kind of value added features that would not be included into zerocash. I doubt that Bitcoin would go that route, because they are already coming under fire for it's pseudo anonymity. 

I just thought about this, and want to hear if this is a good idea. Let's call it, Bit4You.

Let's take the current situation with Bitcoin and merchant adoption. We have a situation, where some services and products cannot be bought with Bitcoin, for whatever reason.

Would it not be great, if we had some sort of service, where someone else buy a product for you, and you pay them in Bitcoin. The Service can be the escrow between the two parties, to resolve the issues.

The service could add a little fee for the service and the buyer could add a little fee for his/her efforts.

Now you might ask, why would someone want to use a service like this, well here are some examples :

~ The service or site does not accept Bitcoin. <The other person pay with say credit card and you give him BTC >
~ Your PayPal account or other payment method was blocked for some or other silly reason. <They have control >
~ You want to buy some special gift for your honeymoon getaway < Do not want it advertised to the world >
~ You share an account with someone and you want to buy a surprise gift.
~ You want to signup for a service and you want it too be private. < Donkeylovers.com > 
~ You want to mess around with the people tracking your spending habits. < Your financial privacy >

Here is a opportunity for people to buy anything with Bitcoin and for the buyers and the escrow to make a profit.

The concern might be, if we do it this way, most merchants would not need to adopt Bitcoin. I disagree with that, because most merchants only accept Bitcoin if there is a demand for it. We need to create a sub-market where people buy more Bitcoin to use these types of services and once that happens adoption will follow on it's own.

What challenges do you reckon this service would have to face? < Legal issues / fraud / money laundering > 

I just want to buy stuff everywhere with Bitcoins and most merchants are too slow to catch on. The other thing that is making me crazy, is the privacy issues. Why do I need to divulge all my spending habits to a central 3rd party? < Coinbase / Circle / Xapo  > If I use this service, my spending habits will be decentralized. ^hmf^

Let's stick it to the people who wants to tell us where we are allowed to spend our Bitcoins. 

Let's discuss and see if this is a good or a bad suggestion or if this has been done before.   

At the moment there are 10 000 000 little ISIS kids and women, using faucets to try to gain some funding to buy one AK47 by next Xmas. ^joke^ The world has gone crazy, because everyone think if they stop ISIS funding, they would be able to stop terrorism.

These people will stop at nothing to succeed in their religious goals. If they have to swallow diamonds or push it up their butt, they will still get it into the country. You can buy 50 x AK47's with 1 diamond on the black markets, so what makes you think, stopping Bitcoin would change the terrorist from attacking us?

These people burn other people alive and video tape it, what makes you think they will stop at anything, to get into our countries and doing the same thing to us? People have been fighting in the name of religion for centuries and it will not stop, when Bitcoin is banned.  ^hmf^

There is no big surprises here, because the infrastructure limitations in the 3rd world countries are a barrier to entry for most technologies. The technology will also follow the money to the 1st world countries. Why would I place a service in a country, where there is limited bandwidth and where that bandwidth is more expensive.

There is also more Bitcoin users in 1st world countries, because there is more established companies with infrastructure to support their needs. 

These businesses are avoiding Bitcoin like it has the plaque. In the boom days, everything was about Bitcoin, now they ignore that history, like Kim Kardashian is ignoring the sex tape she made, back in the days. The thing is, they cannot ignore their roots and it all started with Bitcoin.

Watch them come around when the price goes up again and Bitcoin goes mainstream. Let's just hope we remember them then, when they want our money.

I think I will stay with Xapo. The people at Coinbase are to strict and you have to jump through a lot of security tests, stopping just before a Anal probe, before you can use their system. The 3rd parties have too much influence on your private financial matters.

Xapo offer a more pleasurable experience and lower fees. ^hmf^

I think scamming is more of a threat with Bitcoin, because it's pseudo anonymous and transactions are not reversible if you did not work with escrow. There is reasons for OP to be concerned and most new users do not know about these escrow services and even if they do know about it, who can you really trust?

Some of the escrow services also scam people, if you do not do some homework to see which of them are reputable.

I would much rather create a throwaway account on Blockchain.info and do a sweep of those coins and then send those coins to a more secure wallet. Blockchain.info makes it so much easier for you. You not going to use that address again anyways, so tough shite, if it is compromised afterwards. 

The typing of these private keys are sooo yesterday. 

I cannot see why people would cash out bonds and stocks to buy into Bitcoin. Some perceive Bitcoin as a medium to high risk investment. I should say, some of them would rather invest in gold and silver, before they buy any Bitcoins. It is scary how unstable the economy is, if a 0.5% increase could spark so much panic and disruption.

In times like these, it is better to have physical commodities in your hands, than owning a share or a digital reference to a share somewhere on a stock market. I would much rather trust myself than any other financial institution out there. ^hmf^

I see my phone as a digital substitute for my normal wallet, and I will never carry around $ 1 000 000 in my normal wallet. Why would I want to carry that amount of money in a wallet anyway? A smart phone might have exploits not being revealed to the public and you could lose everything.

Loads of people have had a sim swap being done, by a company employees working with syndicates to get access to a persons mobile authentication, when they log onto their internet banking services. Why would they not do this with people, who use their phone as a digital Bitcoin wallet? 

It is only a problem for them, if they lose out on tax opportunities AND if they cannot control the flow of the currency out of the country. Some government employees even use it to receive bribes or they steal it, when it is seized from the public. <Silkroad>

It is all about the control of the monetary system and the reluctance to sacrifice the power they have over it. If only they could offset that negative side with all the positive things < Job creation / Tax income >