http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html?_r=0

"JPMorgan belongs to an association of big banks, the Clearing House, that has been confidentially putting together a “proof of concept” for a decentralized ledger, or blockchain, that would run on the computers of all the participating banks. According to people involved, this network, which is still in the conceptual phase, could allow instant transfers between accounts at all the member banks and eliminate the current risks involved in having billions of dollars in limbo for days at a time. For many bankers, the most valuable potential use of the blockchain is not small payments but very large ones, which account for the vast majority of the money moving around the world each day. The banks, though, are moving slowly, even as several start-ups are trying to use the Bitcoin blockchain to do the same thing on a global basis, cutting out the banks altogether."

When they inevitably realize that the only truly secure, decentralized blockchain is the original, well, you can't move "very large payments" with a 3.5 billion dollar marketcap.  

I really like this utxo discussion. It's been helpful.

Well here is one. A message "Bitcoin was created by a special team authorized by US government" published and signed with Satoshi's PGP key. Although some altcoins will flourish that will be the end of bitcoin.

I have seen many of your posts and they are on topic and not gibberish troll speak however they are usually biased towards a negative view of bitcoin. Then you claim to not own any and that you don't trade, yet you spend most of your time in the speculative thread, not the development or tech sections making me seriously doubt the technical knowledge you claim to have. Being completely honest, you appear to have a more research approach like a columnist or reporter would have.

At the end of it I still don't get it. I'm looking for the why. Are you writing book? I can't figure out why you would put so much effort into something but then not take any part in it.

That's because you're only looking at the NSA, and the people who don't see anything wrong are looking at what the code actually does.

Yes, the NSA is a bad actor in several senses.  But you're talking about something which works in a known way that we can see and analyze.  What you're doing is sort of like claiming that there must be a hole in a steel pot because the guy who made the pot is an unethical businessman.  Well, unethical he might be.  He may have made some pots with holes in them.  But it does not mean that every pot he ever made has a hole in it.

People can still look at the pot - inspect it carefully even, test it as a pressure vessel - and find that it does not leak.  Similarly, scores of professional cryptographers and math Ph.D's have analyzed every aspect of SHA2 looking for ways to attack it, and found no leaks. 

If we could not see how it worked, or we didn't know how to search for problems, etc, then you'd have a point, but you'd also be meeting with no disagreement.  People would immediately and rightfully reject anything whose workings and structure they could not verify and analyze, notwithstanding whether they trust or do not trust its source.

as a "I earn 5 figures a month" trader, yes?

gtfo you clown!

...

What would a meltdown mean for Bitcoin?

nothing new, it seems at this point the reality could simply go beyond the fiction. at least for quite a while. just look at varoufakis exiting negociations by the small door.

I don't think the SEC would approve a bitcoin etf

I know this ETF isn't perfect and it's quite remarkable things have moved this far, but if these delays persist, it's a really less-than-perfect way to trade BTC.

Wish the BTC-e rally would be explained.

Why so many people are so quick to use weak arguments to defend the use of an nsa algorithm in bitcoin, I don't know.

https://www.tlsnotary.org/pagesigner.html

PageSigner is a drastic simplification of the user experience of TLSNotary. You can get a file which proves you visited a webpage with one click in Firefox. No need for Python, key management, or delays (it takes a few seconds). You can pass the file to an auditor at any later date and they can verify it. Watch the walkthrough video on the above page and let us know what you think.

There's a lot more to say, but feel free to give it a try and get back to us with any questions.

Well i don't think that anonymity was the main goal of bitcoin

01 Nov 2008

Bitcoin is a new design for a fully peer-to-peer electronic cash system. A C++ implementation is under development for release as an open source project.

Main properties:
  - Double-spending is prevented with a peer-to-peer network.
  - No mint or other trusted parties.
  - Participants can be anonymous.

Makes total sense. Yea I even read that part of the code didn't clue in, duh.

Yeah, that would be a bold move, I guess, but it would effectively wipe out every last remaining drop of trust investors and creditors have left in Greece. Also, I believe this would also pretty much throw Greece's economy back into... the stone age maybe? Or do you think this could be a wise thing to do, actually?

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...