This conference is a huge success. I can't count how many VC company execs and decision makers at various payment companies I spoke with today. I set up more blockchain.info mobile wallets than I can count, and gave each person 0.01 BTC to get them started seeing how easy it was to use. Everyone was super interested and were brainstorming ideas on how they can use Bitcoin in their current business model. I am sure lots of new products will come into existence thanks to this conference.  Does that sign say Bain Capital? Like Mitt Romney's company? It's Bain Capital Ventures - the VC arm of Bain. We met with one of their guys yesterday morning for breakfast. Really cool guy, excited about Bitcoin. He now has a Bitcoin on his phone  |
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As much as all of us here understand the clever ideas behind Bitcoin, and as much most of us have vested interest and biases, we should try to see things from outsider's perspective. Presently Bitcoin is an obscure, niche experiment in p2p networking and economics. Smart people from PayPal and and similar corporations, even from governments, will appreciate and embrace the underlying innovations only if we help them to. Bitcoiners bashing on big guys at this moment seems pathetic and laughable, and in case is not productive.
I agree with this niko. We won't be throwing tomatoes or anything at them, don't worry We're here to make friends, not enemies, because we'll have enough enemies as it is. |
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Hey all, Anyone who'd like to help promote Bitcoin at the Money2020 conference today in Vegas: Retweet here (or donate BTC to the address) http://feedzebirds.com/97jq5 |
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That's so sweet... You guys getting evil glares from the PayPal guys or are any of them interested and talking with you?
Show hasn't started yet but I assume we'll have some fun chats with them tomorrow. Honestly I don't think anyone at PayPal yet understands the true threat posed by Bitcoin to them. They likely view it as an interesting, complicated, and weird new niche tech (which it is). |
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Other vendors here: - Mastercard (booth right behind ours) - Discover - American Express - Google Wallet - inComm - Western Union We also came across David Birch this afternoon here. He's a continuing "skeptical fan" of Bitcoin and had the old Bitcoin android client on his phone (you know, the one that downloads the entire blockchain). We got him situated with Blockchain.info's app and he'll be coming by our booth tomorrow to get a coin  |
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Is Bitcoin slowly dying a death?! Isn't it though, we've only seen prices fall gradually over the last few weeks and there ain't much activity over at sango-polacks and the mount either - boooooooooo! WHY can't it be a lot more interesting, like it used to be! It was a lot of fun this summer, and had fluctuated widely historically, so why isn't it budging one inch lately?!! Aaaa this is hell! Oh well at least there's xmas to look forward to?!  Are you serious?? Two months ago the price was around $7.50. You need to re-calibrate your perspective lol. There is value in the price not moving up or down a dollar every day. |
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Wow apparently a security flaw has now been found in Bitcoin after all... transactions can't be reversed or "pulled" unless you do it through a Reddit comment Zero day! |
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Wicked |
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I see the new page up, but you still have "Lorem Ipsum" in the hover text for the column names in the tables at the bottom.
LOL good catch, thank you! Will get this fixed. |
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This is fine now, sorry for the stickiness |
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Yup. Not a currency. A religion.
Perhaps... but unlike most religions we believe in something that is real and works. |
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This system is really badass I do have a suggestion for people though: when you send BTC tips within Reddit, try not to get all preachy or salesy. The best tactic might be to tip, then if a question is asked like "WTF is this?" One person should answer with a simple, straightforward sentence. Don't start talking about all the great features of Bitcoin, just be cool, and pique their curiosity. Example: Q: "WTF is this?" A: "You were tipped with bitcoin which is a digital currency. The amount you got is worth about $0.50 at current market price." Done. |
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Well, I think it depends on what we mean by "real." In its purest form, money is information. If I'm holding a ten dollar bill, that's supposed to be a way of credibly conveying that I have provided value for which I have yet to receive any kind of "real" satisfaction. Of course, it doesn't necessarily mean that. I could be the central banker with a government granted monopoly on new money creation. Holding bitcoins, which cannot be counterfeited, is a much more credible signal of having given value in the best, whether that value was in the form of auditing and securing the blockchain or providing goods and services. Bitcoin is as close to the Platonic ideal of money as we've yet come. And it's in that sense that I call it the "realest" money.
I think I got u. Unfortunately a lot of bitcoins seem to be "unreal". A lot of people suspect that MtGox uses fractional-reserve trick. If it's true then bitcoins on a MtGox account r less "real" than bitcoins in a personal wallet. OP didn't mention this in his blog post. In the future a bitcoin can be as "real" as a dollar is. If your accusation against Gox is true, that is a matter of Gox's credibility, not Bitcoin's as a technology or currency. Say we're using gold coins as money, I think we'd both say gold coins are real. If a bank is taking gold coin deposits and issuing non-real coins or claims on coins that don't exist, then it is not the fault of gold, but of that particular bank. Gox's accounting practices have nothing to do with Bitcoin being real. And for the record, I don't believe for a second that Gox is using fractional reserve. |
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I see the BitInstant Foundation For The Prevention of Competition circlejerk has arrived to dispense their usual, shitty legal advice.
So you are suggesting Charlie is posting about things he's spent significant money to learn - which is free advice for anyone listening - in order to prevent competition? Interesting strategy. My goodness... imagine if, in addition to his legal understanding, Charlie started also letting competitors use his computers, his business contacts, and even his office! Then he's REALLY be stifling competition.  |
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Since when did "not spending all of one's income" change from the noble and encouraged act of "saving" into the ignoble and condemned act of "hoarding"? It seems thrift is not only absent in modern society, but actively frowned upon. |
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To drive the point home with my kids, they everyone gets paid their allowance salary by me their bank updating a google doc spreadsheet.
FTFY Steve |
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Been following this paper and the press resulting from it with interest...
And yet, am I incorrect in thinking the central thrust of the study is incorrect for the simple fact that most change goes to new addresses which are, by definition, unspent? This means that at any time, most coins will sit in "unspent" accounts, thereby appearing as though they are savings, when in reality they are just sitting there until they are spent normally.
Am I missing something or is this an absurd fatal flaw in their reasoning?
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