Volatility is a big problem with Bitcoin. Every now and then it gives an impression that the prices have stabilized. Then some bad news (or just some rumors) will come in and crash the prices.
True enough although the badest news has more or less arrived already so what is left is the stabilized low trough |
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The main benefit is that it keeps a ledger that Walmart can use to track transactions to see how many people use the system on a daily basis and what they can optimize it for to maximize profits. (Walmart may be able to do this already but can isolate one sector of its retail using Crypto)
(Example Walmart knows one location is very popular so they do more advertising there than in places where they receive lower income places or the reverse if they think they can take market share).
In addition the benefit of removing the cashier from the transaction may reduce some stealing. (Example Cashier in Oklahoma knows Cashier in Colorado Sends some money every couple of months to Cashier B and quits before the end of the year accounting is sent no one knows who sent what the money is lost long siphon)
Vs: Cashier X sent Amount A to Cashier Y (Blockchain trackable) and they realize it eventually when they do the accounting and can trace it to an individual.
I think your right given how Walmart operates might not seem too practical now but who knows in the future, it just seems a bit cheaper to have a few miners and a transaction log that they can have in all stores to determine demand for it, than the cost involved in setting up a new system from scratch (Unless they are using moneymart/Western Unions stuff) in all their Walmart stores. Cutting the bottom line and save money is the walmart motto, so that is where I see some cryptography benefits applying.
Makes sense, it would indeed be an easy way to keep an accurate and foolproof ledger. Thanks for your answer. The best algorithm for them would probably be PoS with all the coins centrally premined; gives the benefits you mentioned, without risk of an external 51% attack and no need for miners. Thanks was wondering if it made sense there for a bit was feeling a bit technical Gets tricky not turning it into a white paper Aka Alice said Hi to Bob and bought apples while Carl watching it tried to steal these apples but was blocked by a Cryptographic chain of transactions longer than his ^_^ A POS with no mining but just sending would work, wonder if that can be coded technically 100% of Coin Distribution, Secure Internal System of Transmission, Instant transaction and processing with Unique addresses but no miners Decentralized and still sending without someone mining makes me wonder. If not a central premine from a head office or two to ensure not single node of failure would work as long as it connects to the general walmart retail network, which it should because if it didn't Western Union or Moneygram or Walmarts own service would be affected as well so non-factor. |
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Yep that cat is most definitely tripped out, either that or that was some wild party if the cat could not even nap the whole night  Or too much smoke haha Haha hey did you listen to it? People like it i think imma make more "triptyme" remixes for other songs. Just gimme some recommendations But of course and haha same as pr0d1gy Came for the song, stayed for the cat.  ^_^ That said was on the what song you are listening to thread can see a trip song on this https://www.youtube.com/watch?v=0odVh7YfPV8 |
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Not necessarily if they made an alt coin and then pre-mined the whole system they could use the cryptography benefits to do free transfers of value from A to B and determine each coin to a predetermined value.
Very High Markup
Say Each Walmart coin is worth a dollar
User X in Idaho Wants 60 Dollars sent to Oklahoma
Send 60 Walmart Coins
User in Oklahoma converts Walmart Coins to Cash
All occurring in the system and the clerk just knows user in Oklahoma gets 60 bucks and pays a 3 dollar fiat fee for the service
Guess it would require a bit of integration into the teller system but seems doable.
But what would be the advantage for a centralized company to build a cryptocurrency whose network have to be secured? Couldn't they, simply: 1- Costumer asks for 20$ to be transfered to a Wal-Mart in Colorado, he pays to the cashier. 2-Cashier enters in the computer "20$ shall be deducted from this store and added to Colorado's store" 3- Friend of the costumer collects money in Colorado. I really don't see what benefits would PoW bring to that system. The main benefit is that it keeps a ledger that Walmart can use to track transactions to see how many people use the system on a daily basis and what they can optimize it for to maximize profits. (Walmart may be able to do this already but can isolate one sector of its retail using Crypto) (Example Walmart knows one location is very popular so they do more advertising there than in places where they receive lower income places or the reverse if they think they can take market share). In addition the benefit of removing the cashier from the transaction may reduce some stealing. (Example Cashier in Oklahoma knows Cashier in Colorado Sends some money every couple of months to Cashier B and quits before the end of the year accounting is sent no one knows who sent what the money is lost long siphon) Vs: Cashier X sent Amount A to Cashier Y (Blockchain trackable) and they realize it eventually when they do the accounting and can trace it to an individual. I think your right given how Walmart operates might not seem too practical now but who knows in the future, it just seems a bit cheaper to have a few miners and a transaction log that they can have in all stores to determine demand for it, than the cost involved in setting up a new system from scratch (Unless they are using moneymart/Western Unions stuff) in all their Walmart stores. Cutting the bottom line and saving money is the walmart motto, so that is where I see some cryptography benefits applying. |
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So it becomes an updating issue due to old software releases and a change in the database binaries when it updates to the newest edition Makes sense from that perspective |
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not all asians have small boobs.  Not all. But most of them. Check this map:  Ha-ha I guess this is a boob travel guide for those looking to find the ideal bust size Lmao |
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Wonder how long till they start using Bitcoin based infrastructure to do money transfers Sadly they would not benefit in using cryptocurrencies. The transfer is internal in their company, so there is no third party to be trusted, hence I believe Bitcoin offers no advantage for their service. Not necessarily if they made an alt coin and then pre-mined the whole system they could use the cryptography benefits to do free transfers of value from A to B and determine each coin to a predetermined value. Very High Markup Say Each Walmart coin is worth a dollar User X in Idaho Wants 60 Dollars sent to Oklahoma Send 60 Walmart Coins User in Oklahoma converts Walmart Coins to Cash All occurring in the system and the clerk just knows user in Oklahoma gets 60 bucks and pays a 3 dollar fiat fee for the service Guess it would require a bit of integration into the teller system but seems doable. |
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Mine doesn't have that feature.. is it available for everyone?? ..
According to google it's only available for US citizens right now. This is pretty cool got to hand it to bitcointalk to keep up to date on tech changes |
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I voted for the first one because it reminded me of the plasma pistol from halo |
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The fees are way too high, yet many still don't see the benefits that Bitcoin offers.
Check my reply: It is especially meant for people who send small amounts, such as $100 or $200. The fee is quite affordable, at less than 2%. If you send $500 using Moneygram or Western Union, then they will charge commissions ranging from 5% to 10% (I am talking about domestic transfers). Also, WU offices are not as common as Wal-Mart shops. A lot of people will use this new service.
Well the fees are high compared to Bitcoin, was what I actually meant. And yes, I know the WU fees are crazy. WU Fees are crazy still I will admit that if Walmart enters into the Money Service Business with Facebook and other such organizations we may be in for an interesting ride. Wonder how long till they start using Bitcoin based infrastructure to do money transfers |
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I have a tattoo of my private key on my privates.
That's funny  I find it funny that Mark Karpeles (the name) posted in a Penis Tatoo Thread  |
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Does this company not give monthly or quarterly reports? How is an investor supposed to know what is going on? Looks like it has been a scam all along.
Well they are strangely quiet about their operations would not call that a scam quite yet though |
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Yep that cat is most definitely tripped out, either that or that was some wild party if the cat could not even nap the whole night Or too much smoke haha |
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Why would anybody use that? Only kind of works in America, $900 is the upper limit, and the fee is nothing close to affordable. It is especially meant for people who send small amounts, such as $100 or $200. The fee is quite affordable, at less than 2%. If you send $500 using Moneygram or Western Union, then they will charge commissions ranging from 5% to 10% (I am talking about domestic transfers). Also, WU offices are not as common as Wal-Mart shops. A lot of people will use this new service. Interesting enough Walmart is doing it but the one I am watching is Facebook Basically Bitcoin and Crytotechnology in General has started to push the other industries towards making their own http://www.forbes.com/sites/leoking/2014/04/15/watch-out-paypal-the-real-meaning-of-a-facebook-money-transfer-business/ |
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prices dropped a bit due to Chinese bank account closure. It will rise slowly again.
Still a fairly stable range though so its nice to be above 500 again Below $500 for now. But the appetite is there, just need a few more weak hands to get out of the market and more breathing space from MT Gox and China rumors. Ah your right guess it went back down again and I agree just need a trigger of sorts or a few more large companies trying it out to see it go up again. |
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Investors deserve to be kept in the loop kind of surprised that I am just hearing about most of this information now In the Disclosure I became aware of the GoCoin news 4 days ago, 3 days after Seedcoin did. I instantly brought these questions up with Seedcoin and they assured me they would inform the market within a few days. Guess I wait but looking back nobody has done anything in this thread since January lol |
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I feel it is a convenient hedge that shows its utility as a store of investment the less stable your countries financial system is
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 Perhaps he could get it removed someday? Im sure I could. But I' would say laser removal would cost more than the tattoo. Was imagining that it would hurt a heck of a lot if it was on the wee-wee but putting tatoos on yourself in general is ok. |
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Do they use bitcoin?
Good point this isn't really Bitcoin Press move to Off-Topic Perhaps or (Not sure if we have a section for news that may be of interest to Bitcoiners but is not about Bitcoin itself) Bitcoin Discussion or Speculation? Anyways aside this is a blow to the majors although Walmart might lose this war later on to Bitcoin as the money transfer services try to become more competitive or change their models. (less all the regulatory crap) Won't happen very quickly lol. |
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Bitcoin overtakes Western Union consistently for money transfers worldwide
With a government license from some company who does this business
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