I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
There are still very high costs associated with paying via credit cards (which is how you transact with apple pay) therefore consumers will need to pay higher prices as a result of using apple pay. The only real advantage to using apple pay over using a credit card by swiping the card is the fact that your chances of having your card number stolen is reduced, however this is really nothing more then an inconvenience as most credit card companies will not hold you liable for anything in the event of credit card fraud on your account Just transferring the security problem elsewhere. What about the loss and theft of the apple device then? Will the owner be liable for all the payment made after loss? |
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Who was that guy with Kate Upton. Lucky bastad
Justin Verlander. |
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What he is going to achieve by sending those military personnel to West Africa? If he is serious, then he should order the major hospitals in the US to ship volunteer medical professionals to Liberia and Sierra Leone. May be he should learn something from Cuba. They recently announced that some 165 medical personnel would be sent to West Africa.
It is just an excuse to station troop in Africa continent. |
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There will be new coin so long as people still buying them.
Better to convince investor not to buy than asking developer not to launch new coin.
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Came across these courtesy of Vitalik Buterin from Ethereum, great perspectives worth sharing: -
Without state enforcing the law, this guy will probably just run off with all the money he raised. |
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Ukraine, and especially Kiev, is really hoping to position itself as the Silicon Valley of Europe. They already have a huge amount of skilled IT professionals, and even have Bitcoin support at over 4,000 ATMs around Ukraine.
Looks like everyone wants to become a new mecca for IT industry nowadays...  What they don't realize is coder and software developers are getting cheaper everyday in India and China. It is a race to the bottom when it come to IT industry. |
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will America ever return to be as it was at the beginning of the 20th century?
Ah, the good old days -- when women weren't legally allowed to vote, right? When laws were skewed to favor white, male property owners above all others? I wonder if old white men from the early 20th century fantasized about a return to the days when they could legally own slaves as well. Exactly. 100 years ago, gay and lesbian will not come out publicly to fight for their own right. Injustice will not be publish on newspaper. We are more free than ever comparing to the 20th century and people still complain. |
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Collecting porn surfing habits from the population is a huge waste of money. The effectiveness of the data collection should come into question when government do the budget. |
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Most people around the world still do not know bitcoin, even banker and loan officer working for bank.
So 10/100.
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I was thinking about buying 50+ ounces of silver and just a little worried about not only the speculation of silver but where to buy it for the best +spot price. I was looking at apmex which seem to be the best, but if buy silver for 1 dollar over spot where do you then sell that silver? if it goes up 5 bucks and I take it to a silver/gold place arent they allways going to offer underspot? Is Craigslist or ebay the only option to sell for a fair price? Do you guys have any recommendations on where to buy and what to look out for? I am pretty sure I am going to get bars over coins.
Edit- I was going to do the easy thing and just purchase SLV but there seems to be a lot of bad news about that ETF and I jsut want to have silver in hand.
SLV is an ETF that hold future contract, which is nothing but paper and promise. You will also need to pay fee on it every month when they do roll over. If you are determine to buy silver, buy the one with large bar on apmex. They usually carry less premium when comparing to coin. |
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Interest (and that includes appreciation of assets, rent, dividends etc) is a re-distribution mechanism from hard working people to rich people It is natural because there is a tipping point where the growth of assets you own (minus living expenses) becomes positive. Sure enough rich people benefit from a continuous inflation. Their real world assets are like a sail in the winds of inflation, so to speak.  It's actually worse than what you say. M3 money growth is expanding at a rate of 10 to 11% per year. So, 2 to 3% is inflation (matching productivity growth) and the rest goes to increasing asset prices. So, that's why we see asset price growth of roughly 7% per year on average. Fractional reserve banking is also inflationary as the banks can print money out of thin air and assigned this out in the form of mortgages, student loans, et cetera - the system works until there is a bank run but bank runs can't happen anymore (Occupied Wallstreet tried to orchestrate a run on Bank of America and failed as banks can take indefinite banking holidays or blame "technical errors") Bank run can still happen if there is no bail out from the government. That is assuming the country has the reserve currency status. For the rest of the world, even government won't be able to stop bank run if the bank is badly managed. |
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When will we stop pricing bitcoin in dollars, and start pricing bitcoin in real goods, ie loaves of bread or big macs?
Bitcoin has not solve the volatility issue yet. Unless this happen, the merchant will not price goods in btc. |
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This is a bad idea , I think is better an human that a robot , However they have money and they do what they want  . Still at least many years down the road to have a workable version. It takes more than information to educate the kid. The teachers need to simulate emotion and looks like a real person before it can be fully deployed on wide scale. |
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Chinese superstitious. Sound pretty stupid in the modern age.
He should get prosecuted for abusing his position.
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I would still hesitate to put my BTC in this exchange to trade with. I understand that there is now some level of evidence that they have sufficient reserves to pay all their BTC deposit holders (I didn't see anything about fiat based reserves), however it still does not explain how they are able to charge 0 fees but still remain in business.
They are trying to gain market share first. Doing it this way is cheaper than spending a lot of money on marketing and giving "red pocket" like the HK exchange. Once they reach certain size, I am pretty sure they will start charging fee. If they raise their fee once they have a large market share, why would their customers not just take their business elsewhere? Most of the expense involved in a customer's account is in the opening of the account and if an account is opened but does not generate any revenue then the exchange will lose money. The main issue with exchange is lack of liquidity. They can charge 0.1-0.2% fee after gaining enough volume and still remain competitive compare to other exchanges. |
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I would still hesitate to put my BTC in this exchange to trade with. I understand that there is now some level of evidence that they have sufficient reserves to pay all their BTC deposit holders (I didn't see anything about fiat based reserves), however it still does not explain how they are able to charge 0 fees but still remain in business.
They are trying to gain market share first. Doing it this way is cheaper than spending a lot of money on marketing and giving "red pocket" like the HK exchange. Once they reach certain size, I am pretty sure they will start charging fee. |
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The web has become a place for free entertainment and law breaking activity.
With the emergence of crypto coin, it can now by pass commerce law and regulation of any country.
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This market needs a healthy dose of competition, as all markets, but customers shall keep in mind that Internet access cost is related to the size of the country. In a large country, big investments are needed to build the network. Internet access is cheaper in Monaco!
The way licensing worked in US, monopoly is expected and big businesses will continue to dominate since they are the only one with capital to bid up the price on the license. |
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Bitcoin reaching 252,000$ is pure fantascience, I can't imagine such high prices, it would be a dream!
This is 8 years in Zimbabwe currency:  Nice chart. The question is, is is fair to compare USD to Zimbabwe when US still have the strongest military in the world. |
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Create a demand by buying it all up.
or offer a market big enough to absorb all the coins.
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