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There is a lot of noise, but not much new information in the last two years.
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The real world work part and electricity costs are quite important to discourage gvt attacks.
It's not a sustainable path, it can go on for some time, but not forever. They are not gonna produce ASICs to outrun miners, don't worry. What will happen most likely is the electricity fees will be raised dramatically for Bitcoin mining by governments to drive them out of business. In the interests of security of other electricity users. And that is one of major flaws of Bitcoin, it depends on scarce natural resources, that others are in competition for. Raising energy prices would hurt everyone. It's all relative. |
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No matter what the security features of the paper wallet, the fact will remain that the ATM owner will always know the private key associated with the paper wallet... Not necessarily. The paper wallet code could generate the key in memory and delete it after being printed. That code could be open sourced to demonstrate that detail to all who wish to verify. Counterparty risk is a necessary evil when sending fiat. An ATM that dispenses fiat is subject to compliance laws to mitigate risk. Please don't conflate fiat with a Bitcoin transaction. Of course there are very secure ways to send bitcoins, but this is about sending fiat using bitcoins as a payment system only. |
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These would be good for places where people depend on remittance money from overseas foreign workers (OFWs). I would like to see a Bitcoin ATM that prints out and scans vouchers and a corresponding website that can also distribute vouchers as BIP38 or multisig addresses. I would like to see a low cost Bitcoin ATM that uses a multisig voucher that allows someone to send money and it clears verification before receiver goes to receive local currency. That way there is no waiting around at the ATM.
Bitcoin ATMs are in their infancy. Vouchers are a good way to manage keys without revealing financial information. They can be used in combination with email, sms, phone calls, or any other form of two factor authorization. Multisig and nLockTime can give them not only additional security for the receiver, but also security for the sender in the case where the money needs to be returned.
Let's see more creativity with Bitcoin ATM development using the cheaper "pay only" type money counters so we can get them distributed in developing nations.
Excellent Idea +1. This could be exactly the kind of thing that gets business owners to take a real interest in Bitcoin. I think this could really help stimulate the local economies of where these Bitcoins ATM are used. I think there should be a goal to have at least one of these in every major city. I know it's just an idea but it really get me excited to imagine the impact something so simple could have. I disagree. No matter what the security features of the paper wallet, the fact will remain that the ATM owner will always know the private key associated with the paper wallet and you would need to trust the ATM owner enough to not steal your bitcoin later on. This is essentially the equivalent to generating a private key on the "server" side on a website, instead of the client/browser side Right. But that's why fiat currencies are regulated. |
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Pink Floyd
Led Zepplin
The Rolling Stones
Allman Brothers Band
Santana
It's okay to name those and The Beatles. Nobody is judging. |
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I hope it isnt as cpu consuming as it is now (and ram)
It will be a brain chip implant that runs on gray matter.  |
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It's a good news , more banning means bigger underground crypto market btw:my russia friends treat putin gov like sht  I love these political decisions that are anti-freedom. They gauge where we are and how much we need to resist. Someday when big corporations want special treatment and allowances for Bitcoin, there will be blowback. |
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Foo Fighters! Everlong is simply the best Rock song there is. It combines everything a good song just has to have! Have you seen the video of that song? It's great, it's full of dream-sequences where people imagine weird stuff like hands swelling up...
A nice tribute to the movie "Evil Dead" |
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When measuring Bitcoin against the dollar it can be both money or a speculative product.
It's volatility currently undermines its usage as a currency but makes it a good speculative product (stock).
The more trading, the more stable and usable as a currency.
Currency vs. speculative product indeed. Liquidity vs. price. It appears to be a dichotomy until you see Bitcoin's potential. This is where the bears live. Current usefulness vs. potential usefulness. This is where the perma-bulls live. |
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"The Bitcoin Halving" written and directed by M. Night Shyamalan. A story about bankers mysteriously jumping off bank buildings. A ragtag group of nerds discover that Bitcoin was designed as a fatal virus by an alien called something unpronounceable but sounds like Satoshi Nakamoto. The virus only infects people greedy for fiat currency. The cure is discovered to be hodling.
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where do you come up with this stuff?
why do you feel compelled to tell us we can't possibly make bitcoin work because not everyone agrees with it?
when will you realize we are here by choice and don't care what you say?
When will you realize that there are people who understand bitcoin but honestly do not believe in it? Why do some of you feel compelled to insult the non-believers, just because they don't believe?  What is there to believe or not believe in? You want to make it sound like a religion. Study it hard enough and you'll realise that it all boils down to cryptography, economics, applied game theory, information theory and lots of mathematics. Either you get it or you don't. Money is a value information technology, not voodoo. Abstracting the analysis away from your politics and emotions is the most difficult part. Begin at the beginning. Exactly. For me it was the solution to a problem I've been looking at for years. |
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These would be good for places where people depend on remittance money from overseas foreign workers (OFWs). I would like to see a Bitcoin ATM that prints out and scans vouchers and a corresponding website that can also distribute vouchers as BIP38 or multisig addresses. I would like to see a low cost Bitcoin ATM that uses a multisig voucher that allows someone to send money and it clears verification before receiver goes to receive local currency. That way there is no waiting around at the ATM.
Bitcoin ATMs are in their infancy. Vouchers are a good way to manage keys without revealing financial information. They can be used in combination with email, sms, phone calls, or any other form of two factor authorization. Multisig and nLockTime can give them not only additional security for the receiver, but also security for the sender in the case where the money needs to be returned.
Let's see more creativity with Bitcoin ATM development using the cheaper "pay only" type money counters so we can get them distributed in developing nations.
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This is more in line with what I thought the Bitcoin Foundation was going to be about. Everyone know who contributes to the Bitcoin Core code because the developers use github. They would be an authority that could bestow acknowledgement of competency.
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I like the idea of a CBP. Things like Bitcoin ATMs, Hardware wallets and other physical devices that are meant to be easy to use by the general public are still beyond the basic understanding of most people. There needs to be a technician/sales class operator to assist with these new devices.
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HOW MUCH LONGER AM I GONNA HODL??
Sounds like a David Gray song. |
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We welcome a new HODLer  In a few years you will know that you made a wise choice. The moon/bubble/pop/crash thing is just manipulation of market sentiment. Waterboarding would be less tortuous than these ridiculous bear markets and capitulation waves. But it's all worth it for that glorious euphoric boom that lasts what seems like only a moment. |
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Price is still floating around 470$. A lot of news, nothing happens about price. :|
Some of us have suspected that someday someone will be wiling to lose money just to discredit Bitcoin. They will intentionally cause volatility and generally lower price. That person is called The Manipulator. Of course this is absurd. Or is it?  Seriously, some of us already know how the future unfolds for Bitcoin, we're just a little fuzzy on the time line. They call us perma-bulls but really it's about the big picture. |
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i happy bought the "cheap coins" and they got cheaper so i bought more...
then everyone was like "bitcoin is dead and left", and i was like, "damn i could of bought some slightly cheaper, oh well."
How many times have we heard "Bitcoin is dead" in the last few years? Isn't there a timeline somewhere? |
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Not to mention how much the USD has dropped compared to other currencies. |
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