Will Bitcoin ever be popular among the average joe and young people (teens, a big big part of the internet generation)
More like, "Bitcoin won't succeed until my grandma can use it!" Because, you know, grandmothers are such a huge market for technically innovative and disruptive products.  |
|
|
|
I'm going to be opening a Bitcoin ATM in my state (the first one in the entire state!), and I'm researching what the best Bitcoin ATM is.
So what do you guys think is the best Bitcoin ATM, as far as usability goes? I want something that's fast, efficient, and very easy to understand.
What state do you happen to be from (come on Oklahoma!)? There are only two states which don't required you to have money transmitter license to be one. https://bitcointalk.org/index.php?topic=259712.0That thread you linked to is discussing the cost of becoming a money transmitter in those states. Very few states have actually released statements regarding cryptocurrencies. |
|
|
|
These are awesome, but probably illegal in the US without an expensive and hard to get license, right?
What sort of license do you think exists in the US that would apply to this? A money transmitter license. Its in the due diligence pdf that skyhook has you fill out before buying this machine. Obviously every state is different. But I read that only 1 company in the whole united states has gotten a money transmitter license for bitcoin atms. Apparently they cost up in the millions of dollars to get and about a year. I'll look into my state laws and find out what my scenario would be. I suggest you guys do the same before impulse buying one of these bad boys. The price is nice (for a finished and working model) and I think it looks very clean. Just not sure what the law might think. But...but...the EYE ARE ASS said BTC isn't money, it is property. Why would anyone need a money transmitter license for something that is not money? Because authoritative agencies rarely coordinate with each other when issuing regulatory guidance. In any case, as others have said, not every state in the US considers BTC ATMs "money transmission." |
|
|
|
from what i read some of the bank don't allow the word bitcoin on any field.
otherwise: 2 da moon!
When I walked into a bank to open up a business account for my latest venture, I ran into this issue. The representative who helped me filled in my personal info on her screen, verified that I had previously had business and personal accounts with this institution and then asked, "What is the name of your business?" "Bitcoin General Store," I replied. She immediately turned away from her keyboard and said, "I'm sorry, we don't allow accounts for any Bitcoin related businesses." It took about twenty minutes of assurances on my part that I would only be selling caps, t-shirts, etc and a phone call to her supervisor before I was allowed to open an account. Needless to say, I only keep a minimum amount of USD in that account, just in case. |
|
|
|
To celebrate this historic event, Bitcoin General Store is offering 10% off orders using the promo code SPACE from now until the end of August. https://bitcoingeneralstore.comCan't wait until the next one! |
|
|
|
|
I believe the OP is referring to reversal policies by payment processors. As far as I know, the issue isn't necessarily that receipt of BTC is "proven" but that payment processors don't want to put policies in place to address these issues, they would rather prohibit these exchanges altogether. I can think of several ways one might put in safeguards against this type of fraud, but until conventional payment processors put a method in place to contest these fraudulent claims, your fiat will be in danger of being taken away from you.
Don't hold your breath.
|
|
|
|
Yeah but it only is a good thing if the lookup of those addresses happens on a decentralized basis. We could use namecoin for that. But some services that already exist actually are decentralized. If you are able to tamper with that system, you could easily pipe in your own address and steal someone's coins! I think if this happens on a centralized bases or a decentralized basis it will be a huge target for fraud and scammers. In the OPs picture SeansOutpost was the example, but a scammer could make several addresses with slight variations of this name to try to get people to send them money when they misspell who they are trying to send money to. Something like that happened with Coinbase. Someone not affiliated with Sean's Outpost opened an account under their name before they did, obviously hoping users would just assume it was theirs and send donations without checking. Fortunately, Jason King contacted Coinbase and got them to address it. |
|
|
|
On the day the child is born, you can record the event in the blockchain (or sidechain).
Interesting idea, I've read into storing things in the chain, how do you do so? Is there a tutorial or an explanation somewhere? It's frowned upon by some since adding superfluous info to the already huge blockchain might be considered "bloat" even though Satoshi himself did it ( more info on the mechanics). Paul Snow and others are working on NotaryChains, which basically would allow you to record data and events without cluttering up Bitcoin's ledger. |
|
|
|
|
On the day the child is born, you can record the event in the blockchain (or sidechain).
|
|
|
|
I do merchant operations with Bitcoins for 7 years now.
You must be mistaken. |
|
|
|
|
You make some good points, BurtW, but some organizations, especially those receiving donations, appreciate the opportunity for transparency that the blockchain offers. Granted, it requires comprising privacy measures to a certain extent and everyone should be aware of that, but it might be preferable for accountability purposes in some cases.
I guess I agree with you overall, I would just put it this way: "Don't reuse an address or send to a static address without educating yourself on how it might potentially undermine the privacy of yourself and others."
|
|
|
|
|
We had another great meetup last night. Only one new face but I'm sure that will improve as we get established. Also, the weather will hopefully start cooling down a little soon, making our outdoor area more comfortable.
It won't take many more attendees to outgrow Tiago's so I plan to look into an alternate venue today.
|
|
|
|
I've updated the site with organizations funded so far. From now on, I'll be adding all BTC accepting non-profits to the site even if they don't qualify for funding. Those that do receive BTC from Bitcoin100 can be identified by this:  (The image will link to the transaction at blockchain.info.) I'm holding off on those still under consideration to avoid confusion. I've also created a thread here for announcing all BTC accepting non-profits, including religious and politically motivated. |
|
|
|
OP updated. Thank you, TheButterZone. This is exactly the kind of thing I was looking for. |
|
|
|
The only prerequisites a non-profit need fulfill to make the above list are: - Registered as a non-profit
- Publicly accept Bitcoin donations
|
|
|
|
In my role as curator of the Bitcoin100 website, one of my duties has been to update our page of BTC accepting charities and non-profits that have been funded by Bitcoin100. As this list has grown, we've noticed that it is often referenced when the subject of charities and Bitcoin arises. In order to provide a more comprehensive resource, I'm attempting to maintain a list here and on the charity page of all BTC accepting charities and non-profits, whether or not they've been funded by Bitcoin100. If I've missed any, please let me know and I'll update both lists. If you know of a non-political, secular charity that recently added an option for supporters to contribute via Bitcoin on their website, please mention it at the "Official" Bitcoin100 bitcointalk thread. On a side note, I've always refrained from asking for Bitcoin donations but finally decided to make an exception. Hosting and domain registration for Bitcoin100.org comes straight out of my pocket, as well as the time and effort updating and maintaining it since Bruno (Phinnaeus) stepped down. Now that I'm taking on an even bigger workload, I'll accept any BTC you wish to send as compensation to 1ATH9VmMSTV3DePksTX4wqk3KCrS3qrJVz (Remember, this is my personal address and is not connected to Bitcoin100 in any way!) List of BTC Accepting Charities and Non-ProfitsGroup B Strep InternationalWikiLeaksAmani Kinderdorf e.V.Epic ChangeThe Internet ArchiveReactOS® ProjectWikimedia New York City, Inc.BUND-Berlin.deMy Refuge HouseINESS - Institute of Economic and Social StudiesGenerations of HopeFr33 AidAntiWar.comThe Foundation for Economic Education (FEE)Songs of Love FoundationThe Fessler FoundationwatsiICCF HollandMachine Intelligence Research InstituteHand in Hand Patenschaft e.V.SPICES EIPSternenhofHarvest LotsHip-Hop Chess FederationAsí Conserva ChileThe Virtual Doctor ProjectSean’s OutpostKhan AcademyWioska BullerbynMaddy’s RunGeneration GreenPAN PeruPrimate Education Network (PEN)Esquina TangoLend for AmericaInward Bound Mindfulness Education (iBme)Pathways to EducationWashington Improv TheaterLast DoorThe League Against AIDS Inc.WeSearchCybernated Farm Systems (CFS)The Water ProjectMars OneSri Lanka CampaignRun 2 RescueCommunity Alliance & Action NetworkDonate Oklahoma USZAPeaceful Valley Donkey RescueExponential EducationMAPSNaija Worldwide Charities (NWC)UpayaThe Road Homeassociation VolodalenBeWelcomeA Hat For HaroldGrowing Opportunities International (GO!)Kaya Children InternationalWar ChildBallet PensacolaCapacity Waterloo RegionKitty Safe Haven No-Kill ShelterJunior Achievement of New York (JA New York)SchülerpatenPeaceGeeksDream Out Loud FilmsLa Reunion CooperativeCapital Good FundToonSeumThe Carnicom InstituteNYC Shiba RescueThe Hilltop Microfinance InitiativeTempe Bicycle Action GroupNonprofit Technology ResourcesInternational Orphan Resource Center Inc.Meal ExchangeBread for the CityNourish International (UF Chapter)New HarvestWithout Regrets FoundationCool Joliet100PercentAbolitionist Law CenterLobbyControlYouth Assisting YouthGlobale Friedensinitiative SchweizThe Mercatus Center at George Mason UniversityMore Than A GameSing Me A StoryCircadian Sleep Disorders NetworkSubud |
|
|
|
The Bitcoin scene in San Antonio has grown nicely since the last time I tried to get a meetup going back in 2012. Last week was our first meetup with six attendees (including myself) and I did practically no advertising. We discussed some Bitcoin fundamentals, alt coins, some projects/business ideas and a couple of us "old timers" regaled newbs with tales of yesteryear, when GPUs ruled the pools and all you could buy were alpaca socks and a pound of my coffee. The latest incarnation of the San Antonio Bitcoin Meetup will take place every Thursday at 7 pm unless there is a substantial push to change days. I hope to engender an atmosphere where one can feel comfortable buying, selling or trading cryptocurrencies, discussing projects, ideas or mining rigs, or just learning more about this exciting and disruptive technology. This week I wanted to spread the word but things have just been too hectic until today. If you're in the area and want to stop by, please do! |
|
|
|
this is a pretty cool initiative!!!
is the fund still alive?
Yes, we're down to only 86.84467574 BTC.  |
|
|
|
Aha, thanks for the clarification. I guess I don't belive in the idea of "backing" bitcoin by silver when it's already backed by the mathematical scarcity of solutions to the hashing problem. Anyway, the coins are still beautiful but now I understand that they aren't intended to be "silver wallets". They indeed aren't meant to be used that way. I have two of them and I really really like them. They look and feel amazing. They definitely look good. But now I realize that it's really just a silver coin with a bitcoin commemeration on it. That's also cool. Just not what I was thinking of when I first saw the qr code/coin. I think that given the QR which links to the current value in fiat on a web page, why not remove the 0.25BTC? Especially since, as far as I can tell, that value is off by nearly an order of magnitude. The coins are minted with their value denominated in BTC at the time of minting. Personally, I'm holding on to one .25 BTC silver specie as a collectible. |
|
|
|
|
Show Posts
