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1  Economy / Speculation / Bidders for US Marshalls Auction leaked by US Marshalls on: June 18, 2014, 07:08:19 PM

Barry Silbert, CEO for SecondMarket

Luther Lowe, director of public policy for Yelp

Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group

Fabrice Evangelista, quantitative arbitrage at BNP Paribas

Michal Handerhanm, co-founder and COO of Bitcoin Shop

Dave Goel, managing general partner of Matrix Capital Management

Dinuka Samarasinghe, investment professional

Chris DeMuth Jr., Wrangeley Capital

Fred Ehrsam, co-founder, Coinbase

Jonathan Disner, corporate counsel at DRW Trading Group

William Brindise, head investment manager at DigitalBTC

Michael Moro, director at SecondMarket

Jennifer R. Jacoby, lawyer at WilmerHale

Sam Lee, co-founder, Bitcoins Reserve

Avarus Corporation

PLUS YELP AND BNP Paribas (fourth largest bank in world)

and more 37 total
2  Bitcoin / Bitcoin Discussion / Could multi-sig replace gift cards? on: April 10, 2014, 03:32:36 AM
Here is the situation:

13 year old Jenny wants to go to the movies with her friends. She texts her mom asking to send her a few ubtc to go see a movie. Her mom instantly sends the money directly to Jenny's phone but with a Multi-sig so she can only spend it at the movie theater. Jenny groans and says her mom doesn't trust her. Goes to movie with friends.

Couldn't businesses have some kind of code or software that allows you to instantly multisig with that business so the bitcoin can only be spent there? Could this replace the giftcard industry we have today?
3  Economy / Speculation / Saw the future on: March 17, 2014, 01:27:33 PM
I recently convinced a small city(65k) bowling alley to accept bitcoin.  It was very easy when they learned you can instant convert to dollars and put in bank account for basically no fees when compared to a credit card and paypal. The setup time for accepting bitcoin was less than 10 minutes (used coinbase, tablet with merchant app).  I sent them a few transactions of 2-3 dollars and the payments showed up instantly. I went home and made on post on reddit, and put them on I got a call from them the next day saying someone saw them on coinmap and they had their first customer (a pizza and soda). They were hooked.  The local newspaper even put an article in their paper and they received free promotion.

I saw with my own eyes the power and future of bitcoin.

I believe the cost of NOT using bitcoin will cause certain businesses to lose competitive edge in pricing, user experience (more choices for consumer) security, and speed. Businesses  will see bitcoin as a way to save even just a small percentage (fees, fraud, etc) in a worsening economy.  It will force the other companies to adopt or fall behind.

The killer feature is the cost , the other amazing features(including future innovations) will keep the momentum and users adopting until an 10% adoption rate has occurred, from there we will see an explosion into 70-80% of American homes especially with people under 30. I predict this will take about 8 more years.

Small businesses and E-commerce will be first, then brick and mortar box stores and financial systems, and finally Government.

It will be a worldwide phenomenon that changes the social and economic structure of the planet.  We are the lucky ones that get to watch it all.
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