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401  Bitcoin / Press / Re: 2012-12-12 occupycorporatism.com - Globalist Controlled Bitcoin Becomes “Bank” on: December 17, 2012, 01:49:21 AM
Susanne Posel's unwitting work in shepherding the dumbest of the dumb away from Bitcoin is a great benefit to the community, for which we should all be grateful.
402  Bitcoin / Press / Re: NEW articles in Press Forum on: December 15, 2012, 01:09:08 AM
2012-12-14 siliconangle.com - Digital Currency Outfit Bitcoin-Central Makes Milestone Towards Becoming Like a Bank

https://bitcointalk.org/index.php?topic=130888.0
403  Bitcoin / Press / 2012-12-14 siliconangle.com - Digital Currency Outfit Bitcoin-Central Makes Mile on: December 15, 2012, 01:08:30 AM
Quote
Digital Currency Outfit Bitcoin-Central Makes Milestone Towards Becoming Like a Bank

Kyt Dotson
2012-12-14

http://siliconangle.com/blog/2012/12/14/digital-currency-outfit-bitcoin-central-makes-milestone-towards-becoming-like-a-bank/


Contrary to reporting this week (BBC), Bitcoin-Central did not gain the ability to act like an actual bank—but what they’ve gained is no less fundamental a milestone for a Bitcoin outfit.
...
Bitcoin still growing up, but this is a giant leap towards broader acceptance
...
If we see more exchanges similar to Bitcoin-Central take this step–combined with the APIs and financial services that court retailers and service providers—it’s very likely that more groups will start accepting Bitcoin as a form of payment and that will no doubt be a watershed event for the cryptocurrency.
404  Economy / Speculation / Re: Hype comparing now and then on: December 13, 2012, 10:04:36 PM
My sense now is that lots of reporters are taking it even more seriously than before the hackcrash, but at the same time I think a lot of the public is pretty dismissive of it.  I think the response after the hackcrash badly damaged bitcoin's reputation for most people.  They saw the reports, and came away thinking, "Ok, so that bitcoin thing is over".  A lot of people probably don't even bother with news about it since then.  It's just noise.

True. Bitcoin has scars.


Pretty deep ones, I think.  The positive side of that is that it gives the developers and the community more time and breathing room to work through some of the serious obstacles to wide scale adoption.  I think all the hacks and thefts bought bitcoin and good 5 years of fairly tepid adoption.  I don't anticipate a flood of investors/users sufficient to hold the price much above where it is now.  We could certainly see some spikes in the next few years that approach or possibly exceed the all time high, but I'm very skeptical that there will be enough money and use in the system to hold.

I think one of the deeper scars is the EFF's stance on it. 

We can add the Python Software Foundation to the list of those citing the EFF for not supporting Bitcoin.
(from Jesse Noller - one of the PSF directors)
Quote
Bitcoin Fans: Stop emailing me/tweeting me: https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin … -> Risky for 501c3s.
Although...  it was naively and crudely spammed by Bitcoin fans from reddit - so that overenthusiasm is perhaps partly to blame! (embarrassing!)

Given that bitpay allows free transaction processing for 501c3s, without the need for the entity to touch bitcoins directly - this objection is pretty lame.

I'm not intending to open up yet another argument about EFF here - I understand why *they* choose not to accept it - but I think their published stance is taken as a more general reason for non-profits not to accept Bitcoin donations - so it's an ongoing thorn/scar on Bitcoin.
I don't think the EFF even understands the chilling effect they continue to have.
Sad for an organization that is otherwise so cognizant of issues around behavioural self-censorship.







405  Bitcoin / Press / Re: NEW articles in Press Forum on: December 13, 2012, 01:34:04 AM
2012-12-12 futuremoneytrends.com - Silver Dime Project, New Silver Value Calculator for Bartering & Education + Bitcoins

https://bitcointalk.org/index.php?topic=130500.0
406  Bitcoin / Press / 2012-12-12 futuremoneytrends.com - Silver Dime Project, New Silver Value Calcula on: December 13, 2012, 01:33:31 AM
Quote
Silver Dime Project, New Silver Value Calculator for Bartering & Education + Bitcoins
interview with Drew Phillips  of DontTreadOnMeme.com

2012-12-12

http://www.futuremoneytrends.com/index.php/category-table/309-video-silver-dime-project-athe-future-of-currency-silverbitcoins


Bitcoin discussion starts at about 7 minute mark
407  Bitcoin / Press / Re: NEW articles in Press Forum on: December 13, 2012, 01:22:00 AM
2012-12-12 thekicknetwork.com - How is technology changing the way we use money?

https://bitcointalk.org/index.php?topic=130497.0
408  Bitcoin / Press / 2012-12-12 thekicknetwork.com - How is technology changing the way we use money? on: December 13, 2012, 01:21:30 AM
Quote
How is technology changing the way we use money?

KickNetwork
2012-12-12


http://thekicknetwork.com/how-is-technology-changing-the-way-we-use-money/


We met with three entrepreneurs working on changing the way we think of banks and money. How is the financial industry changing and what are the opportunities?

Jeremias Kangas from localbitcoins.com is a proponent of the crypto-currency Bitcoin and believes that digital cash is the future. Kristoffer Lawson from Holvi talks about the decentralization that we have seen in other industries coming to the banking sector. Peter Ollikainen from Mistral Mobile talks about the opportunities and challenges for technology to provide financial services in developing countries.

This video was recorded as a part of the seminar Banking 2.0 – the future of money.
409  Other / Beginners & Help / Re: is butterflylabs a scam? on: December 13, 2012, 01:16:05 AM
...

you'll get back double what you paid in a month for that jalapeno and triple if you buy that rig

Difficulty will increase rapidly as ASIC units are deployed. It's a gamble as to whether these things will even pay for themselves let alone profit.
410  Bitcoin / Press / Re: NEW articles in Press Forum on: December 12, 2012, 02:52:49 AM
2012-12-11 itxinwen.com - 移动支付的四大趋势与五大难关 (Four major trends in mobile payment with five major difficulties)

https://bitcointalk.org/index.php?topic=130304.0
411  Bitcoin / Press / 2012-12-11 itxinwen.com - Four major trends in mobile payment with five major di on: December 12, 2012, 02:51:38 AM
Chinese site "IT Business News Network"

Quote
移动支付的四大趋势与五大难关
(Four major trends in mobile payment with five major difficulties)

Tian Lei
2012-12-11

http://mi.itxinwen.com/app/2012/1211/464724.html

also posted at: http://www.enet.com.cn/article/2012/1212/A20121212207276.shtml



(machine translation)

...
International virtual currency
Bitcoin virtual currency, of a of P2P (peertopeer, point-to-point) to similar Q coins, it is in the form of files stored in your computer. You can use it to buy some virtual goods, if the other party to accept, you can also buy with Bitcoin reality items.
The Bitcoin Q coins and real money the biggest difference is that it does not belong to the state or any organization or individual, any person in a networked computer will be able to participate; in Bitcoin's world, the degree of freedom of the currency reached an unprecedented height . Because the system generates the Bitcoin speed and a limited number of, many anxious to use Bitcoin users would prefer to use real money exchange with others, so, Bitcoin began circulation, with the value of
...
412  Bitcoin / Press / Re: 2012-12-09 TheNextWeb.com - The future of money: New paradigms for the checkout, on: December 12, 2012, 02:42:31 AM
This article now also appearing on a couple of Chinese sites (in Chinese):

http://www.36kr.com/p/200085.html
http://industry.caijing.com.cn/2012-12-11/112351726.html
413  Bitcoin / Press / Re: NEW articles in Press Forum on: December 12, 2012, 02:35:56 AM
2012-12-11 theverge.com - Intrade shutdown disrupts betting market on elections, air strikes, and celebrity arrests

https://bitcointalk.org/index.php?topic=130301.0
414  Bitcoin / Press / 2012-12-11 theverge.com - Intrade shutdown disrupts betting market on elections, on: December 12, 2012, 02:35:27 AM
Brief mention of Bitcoin and the 'Bets of Bitcoin' website as a possible alternative to intrade.

Quote
Intrade shutdown disrupts betting market on elections, air strikes, and celebrity arrests

Adrianne Jeffries
2012-12-11

http://www.theverge.com/2012/12/11/3753082/intrade-shutdown-cftc-us-december-2012

...
Hardcore Intrade addicts can also turn to the tiny prediction market Bets of Bitcoin, where some believe converting your dollars to the internet currency Bitcoin circumvents laws around commodity options because the site isn't using a government-recognized currency.
...
415  Bitcoin / Press / Re: NEW articles in Press Forum on: December 11, 2012, 10:17:47 PM
2012-12-11 guardian.co.uk - Tech Weekly Podcast: digital currency Bitcoin gets Europe banking approval
Pierre Noizat from Bitcoin.org discusses the growth of the online peer-to-peer currency and we discuss how digital technologies are changing the commercial image library business

https://bitcointalk.org/index.php?topic=130284.0
416  Bitcoin / Press / 2012-12-11 guardian.co.uk - Tech Weekly Podcast: digital currency Bitcoin gets on: December 11, 2012, 10:16:26 PM
Quote
Tech Weekly Podcast: digital currency Bitcoin gets Europe banking approval
Pierre Noizat from Bitcoin.org discusses the growth of the online peer-to-peer currency and we discuss how digital technologies are changing the commercial image library business

Aleks Krotoski, Jason Phipps, Charles Arthur
2012-12-11

http://www.guardian.co.uk/technology/audio/2012/dec/11/audio-tech-weekly-podcast-bitcoin-shutterstock


(Bitcoin discussion starts at about 17:30)
"This week Bitcoin was given official recognition by the European banking system"
...


417  Bitcoin / Press / Re: NEW articles in Press Forum on: December 11, 2012, 10:09:26 PM
2012-12-12 itnews.com.au - Is Bitcoin the bank of your future?

https://bitcointalk.org/index.php?topic=130283.0
418  Bitcoin / Press / 2012-12-12 itnews.com.au - Is Bitcoin the bank of your future? on: December 11, 2012, 10:08:57 PM
Quote
Is Bitcoin the bank of your future?
Analysis: The digital disruption of banking.


Charis Palmer
2012-12-12

http://www.itnews.com.au/News/325979,is-bitcoin-the-bank-of-your-future.aspx


Millions of people won’t require a bank account in the near future, according to finance entrepreneur Brett King, as technology solutions continue to disrupt the role of funds distribution traditionally controlled by banks.

King’s comments come after the company that operates an exchange enabling the trading of digital currency Bitcoin was licensed as a payments services provider through a partnership with two French financial institutions.

...
419  Bitcoin / Press / Re: NEW articles in Press Forum on: December 11, 2012, 10:03:42 PM
2012-12-11 spectrum.ieee.org - Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of

https://bitcointalk.org/index.php?topic=130281.0
420  Bitcoin / Press / 2012-12-11 spectrum.ieee.org - Bitcoin-Central Is Now The World's First Bitcoin on: December 11, 2012, 10:02:59 PM
Quote
Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of


Morgen Peck
2012-12-11

http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-of

Last week, Bitcoin-Central, a Bitcoin exchange and storage service provided by the French company, Paymium, made a huge announcement. In essence, they said that they will now legally be able to carry out all of the functions of a payment service provider (such as Paypal or Dwolla)—with "legally" being the key word here. The truth is that it looks like a bank and it talks like a bank. But it's not really a bank.
But that's okay. For the moment, let's just talk about appearances. Because in this case they are very important.
...
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