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601  Bitcoin / Bitcoin Discussion / Re: How to Turn Bitcoin Into the Top Payment Network and the Currency of the Future on: February 21, 2012, 08:05:32 PM
There's a simpler solution: You give consumers credit cards with the Bitcoins (or private key) encoded on the magnetic strip, with a Bitcoin wallet address on the outside of the card.
In this situation a customer would be sharing their private key with everyone that handles the card.  An unscrupulous merchant or employee could then transfer funds from that account whenever desired.  And since transaction are non-reversable the consumer would have no recourse, no 1-800 number to call to have the funds reinstated.  

I've already listed a solution to this. So has vuce. It's a non-issue and merchants already store credit card information today.

Besides, cards could easily be limited in how much you put on them. If somebody compromises one card, you could limit how much you lose. You simply use a new card when you can. With there being several cards per person, the incentive to steal card information is extremely low; even lower than credit cards.

So, again, it's a non-issue.

Quote
Then reality strikes and the consumer is forced to discover the nuances that they couldn't be troubled to learn in the first place.

Not when the nuance is insignificant.
602  Other / Politics & Society / Re: Moral Culpability for Actions on: February 21, 2012, 07:44:53 PM
Morality is not objectively definable. These arguments are so pointless. You guys are pretty much throwing opinions at each other.
603  Bitcoin / Bitcoin Discussion / Re: How to Turn Bitcoin Into the Top Payment Network and the Currency of the Future on: February 21, 2012, 07:34:53 PM
Maybe someone could hack one of those credit card terminals to decrypt the aes encrypted private key using pin as input. That'd be pretty awesome.

That's a great idea.

It doesn't need to be hacked. Most credit card terminals have an open plugin development process. What you have stated is very feasible and relatively easy to develop.
604  Bitcoin / Bitcoin Discussion / How to Turn Bitcoin Into the Top Payment Network and the Currency of the Future on: February 21, 2012, 07:21:24 PM
Step 1: Make a Bitcoin web portal that is the easiest way to pay and get paid.

How does money work for most people online?

1. They find an item or service they like.
2. They click purchase.
3. They enter their credit card or Paypal information.
4. The item/service is on its way.

That's it. They don't have to wait for the network to finish downloading the blockchain. They don't have to enter a couple of passwords and validate the purchase an extra time. It just works.

Make Bitcoin easier than this and give people incentive to switch to Bitcoin from their current methods, then Bitcoin will be a step closer to being mainstream.

Non-existent fees and a decentralized network aren't going to sell most people on Bitcoin. The key thing is user experience.

You have to make it easy for people to get Bitcoins and send them. We're nowhere close.

Step 2: Make a Bitcoin card and make it compatible with current credit card machines.

How do most people purchase things in store?

1. They bring their item(s) to checkout, they are priced and they are given a total.
2. They scan their credit card.
3. They bring their items to the car and go about their lives.

They don't want to pull out their phone, type in how much they want to spend, point it at a QR code and wait for the network to register it. That's not innovation. It's pure stupidity. If this is the future of Bitcoin, then Bitcoin is going nowhere for ordinary people.

[CAUTION: YOU ARE ABOUT TO TAKE A LOOK INTO THE FUTURE]

There's a simpler solution: You give consumers credit cards with the Bitcoins (or private key) encoded on the magnetic strip, with a Bitcoin wallet address on the outside of the card.

You give merchants software for their credit card machines that hook directly to the Bitcoin network and directly transfer from Bitcoin private keys on customer's cards.

Consumers load up their cards at home through the public wallet address on the front of their cards. They go shopping, pick their items and scan the cards without a sweat when they want to purchase.

What if they are afraid their Bitcoin credit card has had its information stolen? They empty the card out and use another one. It's very simple.

If they are paranoid enough, they can tie the Bitcoin cards to two private keys and the card can't be emptied without a PIN number or approval from a mobile phone.

However, most consumers will be fine with just using plain cards. An extra complicated step is not the best solution for most people.

In fact, cards can be made into a cash/credit hybrid. A card won't have to carry more than $20 at any given time. Such a card won't have to have tight security.

You won't have to put more on a card than you are willing to lose.

In summary, follow these two steps and Bitcoin will be the currency of the future.

You're welcome.
605  Other / Politics & Society / Re: Moral Culpability for Actions on: February 21, 2012, 04:40:24 AM
I think the objective answer is both answers because reality stands under no morality. Whether the child is held "culpable" to the preceding events is only up to the whims of the powers above him, if any.

Morality only exists in the individual human perception. Blame and consequence stands under only human subjects of varying perceptions. The answer is dependent only on culture. The actions against the child will only be made according to subjective whims.

My take:

Honestly, who cares if the girl skinned her knee? She'll heal. I would make a suggestion to my child to be more empathetic to those in pain. Otherwise, life goes on. Nothing was lost but another experience was gained.

The true question is if this is really worth thinking about -- unless you're an authoritarian bent on shoving your flavor of morality down everybody's throats?
606  Bitcoin / Bitcoin Discussion / Re: Ever tipped in a restaurant in BTC? on: February 21, 2012, 04:16:43 AM
I suggest we don't piss off waitstaff like this. They hardly have enough time to themselves but now you're going to ask them to go onto Mt. Gox and online shopping?


I unremorsefully and respectively disagree with this post.

The waitstaff is an integral part of having restaurants keen on the idea of accepting Bitcoin.

If the second sentence is true, we might as well shut down Bitcoin this very second, for it'll just be a waste of everybody's valuable time.

I may rib you a lot, Boss, but I do admire you. Perhaps clarify your position if you feel I've missed something with my response.

~Bruno~


I acknowledge your statement and resign my claim.
607  Economy / Currency exchange / Re: PayPal for BTC Exchanger on: February 20, 2012, 05:42:31 AM
I place 1 bitcoin on "bankrupt".
608  Other / Off-topic / Re: The joke thread. on: February 20, 2012, 05:32:45 AM
A conservative, a moderate and a liberal walked into a bar. What did the bartender say?

Hey, Mitt!
609  Bitcoin / Bitcoin Discussion / Re: Summary Thread on: February 20, 2012, 05:24:59 AM
Is Dareq worth the energy, Matthew?
610  Bitcoin / Bitcoin Discussion / Re: Ever tipped in a restaurant in BTC? on: February 20, 2012, 03:19:51 AM
I suggest we don't piss off waitstaff like this. They hardly have enough time to themselves but now you're going to ask them to go onto Mt. Gox and online shopping?

611  Other / Off-topic / Re: Does anyone else here love DUBSTEP? on: February 20, 2012, 03:16:57 AM
http://www.youtube.com/watch?v=STzPMj_k6qM

612  Other / Off-topic / Re: Average age of bitcoin user. on: February 19, 2012, 11:17:18 PM
wow i dint expect so many woman on this forum

Where are you getting that data from? :p

From the tumor eating the right side of his brain.
613  Other / Off-topic / The "Rich" and "Poor" in a nutshell. on: February 19, 2012, 09:21:13 PM
Rich:

Casual attire (they don't care what you think):



Warren Buffet's car (they spend their money wisely):



Poor:







614  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:54:14 PM
the joint - since there is so little social mobility, perhaps the reason rich people say making money is easy is that it IS easy for them.  They are born into networks where money is widely available.  Generally, the son of a banker will make much more than the son of a carpenter and its simplistic to say its all down to attitude.

For normal rich people, who are either skilled surgeons, lawyers and such are usually in social mobility simply because they bring something very valuable to people that truly desire it. It might be easy for them because what they have of value just happens to be easy to provide for them.

Bankers are a different story...

Rich doctors are generally that way as a result of marrying rich people or inheriting it.  I think you and I have very different ideas about what "rich" means.

I live next to several doctors. The ones I talk to daily are where they are because they simply have common sense: they save and live within their means. They don't waste their funds on consumerist crap like today's "middle-class" does. You'll notice it's the middle-to-poor people that buy all the luxury-branded crap.

We both have different ideas because I don't believe in the idea of "rich" and "poor". I just see people with different choices and lifestyles.
615  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:49:02 PM
the joint - since there is so little social mobility, perhaps the reason rich people say making money is easy is that it IS easy for them.  They are born into networks where money is widely available.  Generally, the son of a banker will make much more than the son of a carpenter and its simplistic to say its all down to attitude.

For normal rich people, who are either skilled surgeons, lawyers and such are usually in social mobility simply because they bring something very valuable to people that truly desire it. It might be easy for them because what they have of value just happens to be easy to provide for them.

Bankers are a different story...
616  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:46:51 PM
I saw a documentary where it was suggested that while the vast majority live according to beliefs such as "what you put in is what you get out of it,"  "money only comes from hard work,"  "I need to continuously plan for my future needs,"  etc.,   the elite think in terms of "money comes easily,"  "I have an abundance of all that I need," and "what matters is how I think and act right here, right now."

So, according to you, I could be an elite? Heh, interesting.

As a result, a self-fulfilling prophecy is created and those on the lower rungs are constantly coming up with conspiracy theories of how the elite are continuously trying to control/manipulate them.  They also find that money only does come from hard work, that they always need to be concerned about future stability, and salaried wages are fair because you get paid for exactly what you put in.  In reality, it could simply be a mindset.
Money does not only come from hard work. It comes from meeting desires of people with money.

I've noticed truth to this in people with depression.  Those with depression continually think about what they DON'T have, and they think about their lack of what they want and need.  As a result, they continue to not have the things they want and need.
As a person with debilitating depression, in my worst moments, I am concerned about bringing value to my loved ones and the world as a whole. My desires are usually people-oriented.


Additionally, many depressed people seem to think it is more important to be "good" or "perfect" than it is to be happy.  When you ask them to identify the "good" people they know, they are likely to identify people who also have depression/anxiety and who hold similar values and beliefs (e.g. that money only comes through hard work, etc.).  When you ask them to identify the "bad" people, they end up identifying people who are, for the most part, mentally OK, psychologically happy, and seem to have a lot of things going for them in the material world.  Another obvious example of this is employees who say they hate their bosses -- or look at the way people like those in the Occupy Wallstreet movement hate banks and CEOs.  They are fighting the "good fight," but nobody with any real prosperity is on their side.

Maybe a simple attitude change can make the whole world shiny and bright again.

I don't get along with authority figures in my life because I notice their lack of self-esteem and happiness, haha. They are usually not doing okay and they are poor leaders as a result.
617  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:33:22 PM

The uncontrolled population explosion, however, is not just some fad term. It may be the biggest threat to civilized society itself. Allow endless reproduction and try to feed everyone afterward, and the only possible outcomes are starvation or war. Currently, we have both.


We cannot sustain our population by having the UN and other international powers funneling senseless aid to Africa and other starving countries then expecting a sustainable result. They have created cultures of dependency that can no longer create producing economies. So, of course their idea of a solution is reducing the populations so they can make the expenses go down.

Have you considered that the problem is our methods of feeding people and not that there is a lack of resources? The problem is efficiency and endless aid does not make sustainable systems.
618  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:25:31 PM
3 questions to which the answer is "no" in a row.

I grew up in Ireland and believe me, terrorism is real.  Not is it real; it works.  The present deputy leader of Northern Ireland was once leader of a movement with less than 2% support that bombed its way to the negotiating table.  The first leaders of Israel were all ex-terrorists. 

I don't know anyone promoting population reduction more effectively than female education.

Where I live, the people in "higher places" are there because we voted for the system.  If you happen to live in a dictatorship, my commiserations.


Could it be that those "terrorists" are only people looking for sovereignty against centralized regimes?

I never permitted any of the powers above me, especially on an international level. I never voted for any of them. My forefathers did but they didn't have any explicit permission to represent me regardless.
619  Other / Politics & Society / Re: Population Control and Globalism on: February 19, 2012, 08:18:50 PM
3 questions to which the answer is "no" in a row.

Nice going.
Could it be that the people in higher places don't really care about what you, me and our families want for ourselves?

Are you sure? Do you really trust authority that much?
620  Other / Off-topic / Re: Paypal weakness found on: February 19, 2012, 08:07:51 PM
The fact is the banks don't really care. They are running on 90 times the money they are given through fractional reserve. They'll happily side with the consumer every time because they have nothing to lose by doing so -- except credit given to them at little to no interest.

The negative impacts of this are numerous including chargeback fraud, much like you've shown.
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