Why don't cellphones still cost $2,000 and cellphone plans cost $0.35 per minute?
So why a college degree doesn't costs $1000 or health insurance $100 per year?! Because the State is heavily involved in both education and healthcare ... regulating, interfering in private transactions in these areas and in the worst cases totally monopolising the provision of them. |
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@TTBit, Anyways, let's just wait for reviews from top-devs, but in the meantime, I request you to post first such a 'public address' in new thread, and start the service. All the best.  Yeah, I might have to do just that. Any idea what the legal issues would be? I don't want to go to SEC jail over $20 Just collect all required details from the last guy who sends you the fiat note. That's enough. I asked a question in the legal forum:https://bitcointalk.org/index.php?topic=327073.0 about it. I'm making a mockup of exactly how it will work. Will get something going in the next few days. To me it looks functionally equivalent to Cascius coin except you use a serial number of a note for the seed ... just do it, imho. |
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You're not only stuck in the antiquated left/right paradigm but seemingly clueless on many other aspects of basic economics ... try doing some independent research or pushing this buzzword "technological unemployment " barrow and others like it might be the only thing you ever do in your life, and it is entirely worthless (I'll just about guarantee you were/are a AGW fanatic also?). You are the serving the 'useful idiot' role quite handsomely for some venal thinkers who wish only to control others, including yourself.
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The US Dollar is one of the most common means of purchasing drugs. Look at the successful results of trying to stop that (sarcasm)
They already have hard times tracking dollars so they should make their job even harder by legalizing bitcoin ? Please And follow that line of thinking and it becomes obvious it was never about "stopping crime" but stopping competition ... like better money. Besides Bitcoin can not be "legalized" since it is already legal as it ahs never been made illegal, if you want to run to govt. every time you do something novel to ask for permission you're enslaved already and probably a lost cause. Well at least it seems like bitcoin is a better money for drug buying. All evidence to the contrary ... ever been down to the street corner dealer and seen how much dollars gets exchanged for cash? ... it's a complete double standard fallacious argument designed to engender a visceral response in the stupid unthinking ... like you just exhibited. |
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The US Dollar is one of the most common means of purchasing drugs. Look at the successful results of trying to stop that (sarcasm)
They already have hard times tracking dollars so they should make their job even harder by legalizing bitcoin ? Please And follow that line of thinking and it becomes obvious it was never about "stopping crime" but stopping competition ... like better money. Besides Bitcoin can not be "legalized" since it is already legal as it ahs never been made illegal, if you want to run to govt. every time you do something novel to ask for permission you're enslaved already and probably a lost cause. |
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Only number and computational theory! Yeah just theories!"
Monetary Creationists... Intelligent Design? The great lord satoshi? |
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Quite an "in your face" login screen ... we'll see how long this one lasts I guess.
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Should bitcoin become widely accepted, it is un-likely that it will remain free of government intervention, if only because the governance of the bitcoin code and network is opaque and vulnerable. That said, it represents a remarkable conceptual and technical achievement, which may well be used by existing financial institutions (which could issue their own bitcoins) or even by governments themselves So pathetic Wishful thinking by the Fed lackeys as they watch their pensions sail off into the fiat sunset .... some rorts cannot be extended by bad laws, others can but not forever. |
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Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse. says the Chicago branch of the Federal Reserve, apparently without any sense of irony whatsoever.  Yes ... now how is that "Audit the Fed" bill progressing through Congress? Why do they not want to be audited? Do they not like accountability, transparency, etc? |
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Typical communist claptrap ... |
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I saw the screenshots for the administrator s/ware tool for the ATM had a digital photo of the user next to the palm scan so it is a little more complicated than you might think .... it would be good for them to come out and say what their policies are for minining that personal (financial) data and/or regular destruction ... since they only need it for 24 hours is the claim.
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You cannot really answer (1) definitely, you can only say that the software is written with no intention to do something unsafe... unless you really have analyzed the whole stack of software and libraries you use. Bugs and weaknesses are not always obvious and larger, more public projects *coughdebiancough* also had their problems despite the code being open. I don't want to pay an auditor to check your code and am not good enough in security to do this myself, so I rather stay on the safe side.
OK you've had you say ... big red warnings, etc ... now let them get on it with for people who understand what they doing maybe? You stay safe you hear? |
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I think Silicon Valley has called NY's bluff .... "wtf is going on? what did you do to the money?" ... NY replies, "we haven't got a clue ... it just stopped working (pockets another few billions for them and their pals)"
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* Trusted Bitcoin Company keeps the $1 fiat as fees.
I absolutely luv this bit ... "keep the change". Really nice idea btw .. I wouldn't be surprised to see it in action real soon, it is simple and easy to implement. |
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Good stuff piuk ... someone needed to get the ball rolling and centralised 'trusted' CoinJoin is better than none.
Will be interested to see the statistics of how many people voluntarily choose to keep tx private when it is not so stigmatised and a simple, easy to use on/off toggle.
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I am all for BTC but one thing keeps nagging away
If 4 billion people are poor and have no access to computers and phones how do they pay for goods and services if
PAPER MONEY WILL BECOME A TOILET PAPER SOON..
what am i missing for all these users to access digital currency.
It would be good to hear peoples thoughts on this...
I think there are like 6 billion phones for 7 billion people? ... or something like that. |
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Last I heard M. Karpeles of Gox fame is sitting on the stash from Bitcoinica (30, 000btc?) whilst some lawyers from New Zealand(?) were pursuing him for the dough ... on behalf of the injured parties. Anyway, about this Dark (grey) wallet, is it all donations? Or are there shares for sale as well? GPL license? And widespread use of CoinJoin theoretically reduces size of UTXO right? So a good thing for the network decentralisation ... |
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One of the comments in the forbes article brought up a very good point. Put these ATMs in or near international airports for quick and easy transfer to national currency.
If there was global network of these then you wouldn't need Western Union ... Mom puts her bucks into the machine in Nebraska and little Jimmy pulls out Euros in Rome ... etc. Remittances, everything becomes possible and it wouldn't have to be tht big of a network, just dispersed, say like one in each major city in the world to begin with ... I'm really interested to know what Bitcoiniacs policy is going to be on the protection and privacy surrounding the biometric data, palm scan and photograph (face recognition?) correlated with all transactions. |
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If you set it to a more compatible mode and accept both, the malware could simply strip the payment protocol and pretend the merchant doesn't support it and request that you pay using the plain old Bitcoin protocol. Hey, that's an interesting question, not really related to Trezor but to the payment protocol itself. If you request a https page and receive a http one, your browser can clearly detect something's not right. But how does that work with PaymentRequests? AFAIK they're pushed by the payee, not requested by the payer, right? What if a malware sees that an authenticated payment request is passing buy, and simply replace it by an non-authenticated one? If you know the merchant is supposed to send you an authenticated payment request, you'll realize there's something wrong. But can we really expect people to understand this? ... don't dig too far down with this kind thinking, it's turtles all the way and then there is .... yes CA's |
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