We decided to create a service for paying salaries with bitcoins. We are expanding to Europe with a couple of sites soon, that service will be there as well.
The great thing about this salary service is that almost any employee of any company in Europe can start using it. It requires nothing else from the employer than changing the SEPA address that they pay the salary to. Although if the employee wants only partial salary in bitcoins, then the employer needs to make multiple payments each month.
+1 |
|
|
|
I told my girlfriend that old piece of shit laptop would come in handy one day.
I have a Raspberry Pi that is not connected to a network and only runs the wallet generation software over Linux. It is in an office that has 2 recording security cameras watching both entrances and this is in the middle part, not seen by a camera. I was told to put it in a safe when I am not there, and I could, but that is too much as I will anyway be aware if someone enters the premises, because of the alarm. |
|
|
|
One way would be to have the sender sign a message with the private key of the origin address.
How many % can do this? I cannot  I was more like thinking: "take a random number 1-999 and PM it to me before you pay. Add that number of satoshi to your transaction to prove you sent it". |
|
|
|
I am on the opinion that transaction density does not matter that much. Bitcoin's lead over altcoins has been growing during the last 2 years. Now LTC is doing well but after the atlantis hype pump is over, it will resume downtrend. Even if Bitcoin could never do more than 28 tx/s, I think it will just lead to the service developers adopting meta layers of accounting, not to a demise of bitcoin. In one service that I have been developing, we initially wanted to maximize blockchain usage for transparency and trust. The last few weeks led us to make an about turn, and now we want to minimize it for the sake of quick and cheap transactions. What the gold bugs here afaicr have not yet mentioned, is that during the days of gold standard, gold was actually rather little used in everyday transactions. The purchasing power of a small gold coin was about BTC10 at today's price. You can seldom carry home that much  The multinational corporations and nation-states also did not send gold to each other. The big gold was sitting in London and its existence financed the world trade pre-WWI. The analogy to blockchain is obvious. I can envision that blockchain usage may actually go down as the number of bitcoin users grows in leaps and bounds. It is somewhat frightening to send irreversible transactions to anonymous counterparties. The majority will prefer chargebacks and layers of insurance. Once these services have been developed to cater to the needs of the new entrants, the current power users also drift towards them. We will soon see bitcoin banking that is completely detached from blockchain addresses (in the user interface). This can happen but only if individual users can send and receive Bitcoins for small transactions say under 20 USD (2013 dollars) if they so wish via the blockchain. Take that away and the whole point of Bitcoin is gone. Yes one can build an e-gold or PayPal type service on top of Bitcoin, but if that type of service becomes the only practical option for the average user then what exactly has Bitcoin accomplished? In my off-the-sleeve thinking, $1 per transaction is not punitive. Making a blockchain transaction in the future will anyway be rare. And I currently see not much reason why it would even become that expensive. Making a physical gold transaction costs you about $50 these days. |
|
|
|
I had a deal with Coinabul. I have not free time just now to write some explanation, I will write it later. My apology for Coinabul.
 ! CONGRATULATIONS ! |
|
|
|
|
I am currently working on an automanual ordering mechanism, which would enable locking-in 24/7. I am a great fan of simplicity, so I am currently thinking along these lines:
- I want to order and rpietila is not online.
- I PM him and tell how many silver coins I want and what is the current price, and where to send the coins
- I pay to his public address
* what is the best way currently in bitcoin, to send a "message" of about 10 bits, which could be used to earmark the transaction? *
- I receive the coins.
|
|
|
|
Paying salaries with Bitcoin, it changes absolutely nothing in terms of bookkeeping, taxes, or regulation. It can be done, anywhere. At least if it's done the way SC5 does it. They actually buy bitcoins with a portion of the salary each month, and those bitcoins go straight to the employees. So they simply divert a portion of the salary to our service which then pays bitcoins to the employees address. For all intents and purposes, this changed nothing for the company. It's simply a conversion. The company doesn't have any bitcoins at any point during this transaction.
Yes. It is easy for the company to do that. It is also easy to just buy bitcoins for investment. But trading with them (in Finland, as a company) is time-consuming and stupidly hard, and you if anyone should know it. |
|
|
|
Looks like Finland is the place to go if you want to set up a legitimate company that takes Bitcoin.
LOL most of the companies I own have some bitcoin reserves or do trade with bitcoin. But my main operative company in Finland can not yet accept bitcoin, due to legal/tax concerns. The Finnish invention is that since Bitcoin is a commodity, it is subject to 24% VAT. Go to Estonia rather. That is a land of the free. In their language: "Eesti Vabariik" = Free State of Estonia. |
|
|
|
I am on the opinion that transaction density does not matter that much. Bitcoin's lead over altcoins has been growing during the last 2 years. Now LTC is doing well but after the atlantis hype pump is over, it will resume downtrend. Even if Bitcoin could never do more than 28 tx/s, I think it will just lead to the service developers adopting meta layers of accounting, not to a demise of bitcoin. In one service that I have been developing, we initially wanted to maximize blockchain usage for transparency and trust. The last few weeks led us to make an about turn, and now we want to minimize it for the sake of quick and cheap transactions. What the gold bugs here afaicr have not yet mentioned, is that during the days of gold standard, gold was actually rather little used in everyday transactions. The purchasing power of a small gold coin was about BTC10 at today's price. You can seldom carry home that much The multinational corporations and nation-states also did not send gold to each other. The big gold was sitting in London and its existence financed the world trade pre-WWI. The analogy to blockchain is obvious. I can envision that blockchain usage may actually go down as the number of bitcoin users grows in leaps and bounds. It is somewhat frightening to send irreversible transactions to anonymous counterparties. The majority will prefer chargebacks and layers of insurance. Once these services have been developed to cater to the needs of the new entrants, the current power users also drift towards them. We will soon see bitcoin banking that is completely detached from blockchain addresses (in the user interface). |
|
|
|
|
LOL just imagine how many companies pay all of their temps' salary in bitcoin but don't make a big fuss about it.
|
|
|
|
There is also this possibility that he is already financially comfortable that he could go on this one man's endeavour for two years to build everything from scratch, it's already an incredible amount of work to do full-time, I could hardly imagine someone can get it done part-time.
This. Satoshi must have been in possession of financial resources in the order of ~$300,000 at least. That is a figure which allows you to do whatever you want (as long as you dont have vices, wife or kids In order to have such money, he must have been at least 25 years old, probably closer to 30. It is just our preoccupation with cashing out.. As a highly competent person, Satoshi has had time to make a fortune since his disappearing, in something totally unrelated. If he has no need for big money to further his goals, he can just make the "small" money by using his talent. I am not Satoshi (even though I am a Finn and know several people accused of being Satoshi.. When I first bought into bitcoin, I was thinking to sell a bit every now and then. But I have been mesmerized by the concept to such an extent that I haven't sold a single coin, quite the contrary. Even now I am buying. The fact that Martti is receiving a part of his salary in bitcoin actually supports the theory that he is Satoshi... It is such an obvious unobvious move from a person who controls up to half a million bitcoins, to want some more  |
|
|
|
|
During the times when physical metals needed to be transported over distances, the loss of GDP was incalculable. It was the advent of banking that has changed the world. Not central banking, though. That was just a power grab.
|
|
|
|
I highly doubt that Sirius is Satoshi. I know Martti personally and I've talked to him many times, and my impression is that he is not Satoshi and he also doesn't know who Satoshi is. My opinion is that with a 95% certainty it's not him. I've also met Vili Lehdonvirta whom has also been suspected of being Satoshi, and for him I can say with a 100% certainty that he is not Satoshi.
Personally I think that Satoshi is either someone from Trinity College in Ireland or a group of people from there. That is the most plausible lead I've seen on the hunt for Satoshi. I could be wrong though.
There was a TV documentary about Bitcoin in Finnish TV, and both Technomage, Sirius and Vili Lehdonvirta denied being Satoshi. Also I think Satoshi is more likely 30 than 20 at the time of his inventions. I entertain the idea that Len Sassaman with his wife is/was Satoshi, and that he was murdered by the CIA. |
|
|
|
There is a huge resistance now in $48-49. Rather pointless to buy short term now. For long-term accumulation (especially with megabuck$) this is a good area with stable prices. The support is around $30 and inching up. I don't really see a crash right now towards the support line, but my inability to see has never stopped the crash from happening. Imo, many want to sell as the rally has stalled. They will find buyers at around these levels for weeks to come. When $40 or $50 is breached, we will see some serious price action |
|
|
|
Is $47 the new $5.  +1 LOL |
|
|
|
Or in your hotwallet, for that matter.
Or in any wallet whose private key has been generated by a computer connected to a network or having a wireless connection or an USB port or a printer... |
|
|
|
And Coinabul expected that we here in Bananastan have reasonable laws, which was huge mistake.
+1 As for reasonable laws, don't try your luck by entering Russia with an encrypted HD..  |
|
|
|
|
Maple is going for .744 right now. I used to check bitcoinity.org the first thing in the morning, now I check my own thread for the direction of bitcoin price. Thanks again, John!
Is there any other products you would like to order except this?
|
|
|
|
Phew, I go to sleep it is late. It is a little bit under construction...  |
|
|
|
|
Thank you. Almost all of these changed! (The one I can't find in the menu..)
|
|
|
|
|
Show Posts
