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I think that bit license will be useful for bitcoin. The companies tell the governments that they have nothing to hide and that they will compile with regulations. So if something similar to MT.Gox happens to a bit licensed company they can't be blame for not regulating.
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Interesting, but what will happen when the trial ends and the nodes shut down ? Will the transactions need more time to proceed ?
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I don't think that there is a point in masters degree in digital currency, a degree in CS would be more useful. You could take digital currency classes and major in Computer Science. A degree in digital currency could be an option in 5 or 10 years.
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Truth be told, I think faster transaction confirmation would solve the possible most people associate with Bitcoin.
This is better for users and for smaller merchants. I do not want to sacrifice affordability for speed, but if it means that it would increase adoption and the price, I would say GO FOR IT and give us faster tps. ^heh^
Bitcoin transactions should be made instant, but the blocks would get filled faster and that would't be good overall. |
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I voted yes because I believe that bitcoin makes a revolution of money transfer. With bitcoin you can now move billions of $ in your pocket without getting it seized.
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Cool idea from Google, but what is that of chip from 21 inc, a solar miner? Mining with solar power would be a great idea indeed. Yes but the question is, is it worthy at all ? I highly doubt you could earn much bitcoin with it, but 21 Inc will be the one that would actually profit from it. |
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Doesn't matter was it real Satoshi that said it or is it a fake, the idea itself (let nodes to charge for their services) is IMO very important.
Does anybody work on it?
Someone should develop an user friendly solution to the node problem. Maybe a program that downloads and install easily, one click and the node runs. Something that should be easy to use for newbies and not tech savvy people. |
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I think that we should increase the block size each X years to Y size. This way we can scale with the future technological growth of the storage and processing .
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Hi I know how to import private keys using bitcoin qt but this is heavy on my mac book pro. Are there any other wallets you can import or sweep keys? I have 30 bitcoin addresses on with clams and have been told I need to take off the btw first.
Thanks in advance
Try out Copay.io it is a multi signature, open source bitcoin wallet from Bitpay. It run on OS X and it should be easy to import bitcoin keys into it. |
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I voted anonymity. I want to be able to buy something without having to give a copy of my ID, get finger scanned, give a DNA probe. Bitcoin allows me to pay fast and anonymous.
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This is really a lot of money for any Bitcoin business. $100,000 is a lot even for a huge exchange like Bitstamp is. I would like that no one applies for the BitLicense so they stay out of the game completely, f**k NY, they don't deserve better.
This license is just another way to steal money from the people, nothing else.
I think that most of these services that apply for a bit license actually benefit from it. Maybe legal benefits or social security benefits or just to tell the government that "Hey we are a legal company that deals with bitcoin and we have nothing to hide" |
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Frost estimated the application cost Bitstamp roughly $100,000, including time allocation, legal and compliance fees.
Jaron Lukasiewicz, CEO and founder of Coinsetter, noted his company had spent approximately $50,000 on BitLicense-related expenses over the past two years. "I think its bigger cost, though, has been in the uncertainty it created for investors looking to invest in our space – hopefully that will begin to reverse itself now."
Why the cost between Bitstamp and Coinsetter is different  http://www.coindesk.com/real-cost-applying-new-york-bitlicense/It really is expensive for bitcoin businesses. But for the businesses that apply for one it is probably worth it. |
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What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.
It would be like banning torrents or file sharing. There is not point to ban bitcoin, heck you CANT ban it it's decentralized . |
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One big thing I can think of is that every time you use a credit/debit card, a transaction fee goes to a big bank/payment processor. With btc, it goes to a miner.
Other than that, how does it benefit you to use btc? I mean you need fiat to get btc, and then usually need to take fiat out. So where is the net benefit besides the fees being lost by the big banks/payment companies?
Well there are some factors that make a difference. For example bitcoin does't need any ID verification in order to create a wallet, try to open a bank account or a visa credit without giving private information. With bitcoin you just load your wallet with coins and pay. |
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There are some companies/persons that benefit with the no block increase. There have been rumors that blockcstream is actively pushing for a no size block increase.
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I think that more transactions per second would be a more useful innovation. With more transactions per second developers will be able to build unique applications using bitcoin.
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Satoshi would have weighed in if he thought he should.
I think we wants to see if Bitcoin will succeed without his intervention.
Just like Charles Lee for Litecoin, bitcoin should be able to stand on its own two feet without its founder.
Truly decentralized.
I agree, Satoshi wanted bitcoin to succeed on it own, without needing a central person or organization and that is decentralization. |
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Bitcoin specialists and developers should do an online stream debate in order to get all the pros and cons. We need an informational and logical debate in order to make a decisions. It's either BTC XT or BTC, we as a bitcoin community need to decide what is the best for bitcoin.
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I have sent you a message
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