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WTF man? Why aren't the bitcoin stored in a cold wallet?
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All these face palm are really uninformative.
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So, wait, is this like Dwolla, but vaporware?
The site is real but I have no idea what it's supposed to do. |
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Plus, this have nothing to do with bitcoin.
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What's the currency cloud?
Any similarities to bitcoin?
Could someone pls explain, the article is not very specific on it.
It sounds like they're playing business bingo to me. |
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Fairly random assortment of items for sale it seems.
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This is an uninteresting thread because they did not capture a silk road drug dealer, but a silk road user.
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Expectation is not a 100% certainty. It's wide band of probabilities.
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Are you related to YCombinator? I am looking for financial support for my non-profit project.
I am not related to YCombinator. |
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Some people really like established businesses.
I have this friend that's super smart, but all his ideas and investment proposals are firmly in the consumerist market - because he sees it as big, old and stable.
I think he gets BTC are safe and easy, but he correctly points out that the conversion fees to fiat and back are eating the advantage and that like all things BTC rely on faith which could be shaken in a financial crises like other things.
As a marketing man, he cannot imagine something growing on its own, let alone taking over the market economy or solving the chicken/egg problem.
Personally I believe humans are not like water or sheep; they will actively object to inflation and move to something better once they see the issue. Even if there is an upfront cost, because we are irrational and get pissed.
We can DESIGN the chicken and egg at the same time.
BTC has grown more in 3-4 years than ANY marketing campaign could have accomplished. Ideas really do take down empires. BTC needs a little work on services and software, but so did the internet 10 years ago.
Bitcoin doesn't just grow itself, ya know? The bitcoin community did some advertising campaign that put us on the map, such as the EFF donation drive and the animation bounty project. Those were just brilliant and the EFF campaign put us on the map, while the animation project help present bitcoin in a very slick manner. I wish the community exert every fiber of their being on something cool and high impact again. |
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The legal status of Bitcoin is the only reason why big players can not embrace Bitcoin. Persuading the average Joe to use Bitcon is therefore more important than persuading the Internet industry.
Remember, YCombinator invested in a bitcoin startup. If that bitcoin startup succeeded and makes YC shit load of money, everybody else in the VC community will rush like mad and get in. Of course, many venture capitalist will lost a lot of money over this, but it will put bitcoin on the map. |
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So only Dwolla's motion was dismissed not Tradehill's entire case?
Dwolla's motion lead to Tradehill's entire case to be dismissed. This would make more sense to me, since I believe Tradehill will win the case. Although, I'm still confused as to why Tradehill or any other exchange based in the USA would allow custormers to use Dwolla, Paypal, Liberty Reserve, etc to fund their accounts. As far as I know, standard practice for RL brokerage firms is customer's bank account to brokerage's bank account and vice-versa.
Dwolla was supposed to be irreversible. Turn out, it is not. |
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I hate reading some god damn thread and then have nothing of substance come out of it.  |
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Anybody remember wikipedia? Now, everyone like "meh".
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If he's a scammer, how come he isn't jailed yet?  |
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Problem with MtGox is their AML and KYC regulation. You can't just sell off your bitcoin, you gottach have your identity verified and mtgox gottach spy on you for da government.
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Plus, never forget the human nature of looking to authority for correct answers and we all know what and how they think..
If you have to think for yourself, it would take forever. Plus, there's limited memory space in your brain, so you can't know everything. What you do is rely on rule of thumbs, black boxes, and source of authorative knowledge(such as your parents). This have vast implication for humanity that people like to ignore when they build governments, corporations, and any kind of organizations. |
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It seems that the new owners are too lazy to do anything with operationfabulous. They could at least hire a developer to update it and fix it up with new features or something. Also, they are not responsive to email. Some email I sent never get replied to. Operation Fabulous is really a great service, and I hate to see it stagnate.  I would like to help improve their service, even if only I get paid very little. |
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I just recently enable 2-key factor authentication on all my online balance bearing account. Big exception is operationfabulous since they don't support 2 factor authentication.
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There is a lot of potential in next generation payment platforms. Mobile, international, eCommerce. VISA/MC just do cut it. We continue to use a round peg in a square hole because it is nearly universal but it is obvious to EVERYONE (even the largest Bitcoin detractors) that SOMETHING new is needed. Many "internet industry" companies are planning, launching, or funding "the next gen payment platform". Bitcoin ruins all that.
The profit potential of being the next VISA is likely measured in trillions of USD over the next century or so. Sure companies could profit from Bitcoin but it is open and that means margins are likely smaller and there is never a guaranteed profit stream. They will continue to attack it until its rise is all but assured and then start pretending they have backed it all along.
The good news is the utility of Bitcoin is real.
If you can get in early, you can just sit on your butt doing nothing while bitcoin become a trillion dollars success story, but that's dependent on bitcoin succeeding. Everyone wants to own their own platform, but sometime there's just more slices of a bigger pie to be have in joining the Bitcoin army. The sooner companies realize this, everyone else is a goner(unless they also join the army). |
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