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Coinbase is not a media source.
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Fairly neutral indeed, but still a considerable amount of just false information about bitcoin.
Specially in an analysis like this you just can't make even small mistakes imho.
False information are the enemy of adaption to obstacles and adversaries. |
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An interesting and mostly surprisingly objective paper. Almost unbelievable, this, coming from banksters.
Perhaps, those banksters are not so evil you thought? |
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As always, sensational headline.
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No. SMF is OK, so I'm not in a big hurry to replace it. I'll give this job to someone when I'm satisfied that they will do it perfectly.
Which means nobody will! |
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Pretty fluffy piece ... the way the masses like their news these days by all accounts (could have thrown in reference to Lindsay Lohan, Britney Spears, Charlie Sheen, etc something for a broader appeal). What i did get a kick out of was the clip that come up on the scroll bar of related clips next to it ...  seriously funny (i'm a matrix fan.) https://www.youtube.com/watch?v=Ng0HsVkpFu4&feature=relmfuMr. Andresen! The mass, or too much information to digest? |
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2. Don't banks in the US use two factor authentication?
Nonsense, an American bank probably don't even know what 2 factor authentication is. |
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what will you use?
I really dig python for pretty much everything. Much easier to develop securely than with say php.
Ruby on Rails, coffeescript, haml, bootstrap, and all that yummy alphabets. |
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Good news, folk. I convinced the owner to develop a clone using supported technologies.
In other words: You're trying to fix what ain't broken. lol We ain't destroying opfab's current codebase just yet. We're just letting it sit while we develop a clone that's written in standard tech. Yes, I absolutely recognize that this is the last choice that any developers would do in my shoe. |
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Why don t you start a github repository and let people contribute to improve things ?
Even if I want to, I don't think mc_lovin likes the idea. (Competition versus benefit of contribution plus the thorny issue of how to compensate contributors) |
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Good news, folk. I convinced the owner to develop a clone using supported technologies.
The only question is how long it will takes.
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I've long held the opinion that Bitcoin is not just financial insurance, it is a form of health insurance.
Odds are high that at some point late in our lives, some of us will need access to medicines/organs/procedures deemed either untested, illegal, or with limited supply. And so Bitcoins will be needed for speedy procurement. Silk Road is the recreational tip of what will probably become a much larger black market in health goods & services.
And they will be like: THE RICH IS USING BLACK MARKET SERVICES while the poor are stuck using crappy health service provided by the government. |
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There are two methods, the "instant" method requires that you provide username and password (and PIN, if needed) to your bank account.
Guess what everyone is going to choose? The instant method. |
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This is a bad idea. Coinbase is asking for your password when it want to access your bank account. Do not use!
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Freedom allows scammers to peddle their wares, but freedom also allows legit types to peddle their wares too.
The vast majority of bitcoin transactions is going to be positive, so I believe the cost of freedom is justified.
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Ummm is this going to happen this century?  Nope. |
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I'm wary of this as well, which is one of the reasons I'm hesitant to ever make a guarantee to users unless I have insurance for all the funds. Maybe BitVPS.com can convince us otherwise?
Instead of managing users' fund, just use your money. For example, if you could only risk 1 BTC, than only keep a cold wallet deposit of only 1 BTC. That way if the VPS get robbed, you lose your 1 BTC instead of the customers' money. |
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Mike: ever thought of buying a video camera to record your transaction?
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How many Iranians are we talking about? 10? 100? 1000?
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Part of the political platform for some Bitcoin users is to destroy all AML programmes. Others simply want a convenient, low-cost payment system. Some want to get rich speculating on BTC value. It's ridiculous to assume that everyone who uses BTC does so for ideological reasons when it's pretty obvious that large sections of this community are only interested in BTC for making short-term profits and don't give a shit about political platforms if they can use BTC to increase their income/wealth right now.
AML programs are harmful to bitcoin, because they impose a large cost for dubious benefit on users of exchanges. Also, banks hate it too. Make it more costly for them to earn money. They don't give a damn about their customers practicing tax evasion and other nonsense. |
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