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Wasn't Patrick Byrne at the EuroMoney20/20 event recently? I bet he would have loved to be at Overstock until they issue their public blockchain security. This announcement does seem sudden.
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Probably not , what happened with Mt.gox really made Japan look to Bitcoin with another way .
But Mt.Gox was not Japanese exchange - it was only company registered and conducting operations from Japan. You can't really blame country and link it with incompetence of Karpeles. If MtGox was running in my country I wouldn't change my mind about bitcoin after its collapse knowing more details about it. If it was registered in Japan, conducting operations from Japan, you can call it a Japanese exchange. Just because Mark Karpeles is not a Japanese citizen, you can't conclude that Gox wasn't a Japanese exchange. |
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This is a very interesting visualization. The large transaction size of certain transactions is captured by the size of the balls. This can be used as a visual aid in the block size debate as well.  |
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The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure. Crypto currency is a few years old, while banks have been around for centuries. If given time, the halo that traditional banking systems have might get lost. Banks haven't conducted themselves very well in the last decade. |
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This boring stagnation might be just what is required for increased bitcoin adoption. While the traders may not profit too much during this period, increased adoption is necessary for Bitcoin to become a viable currency.
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The Legacy System Makes Money Laundering Relatively Easy Anyone who would be looking to participate in money laundering through offshore bank accounts has no reason to go through the trouble of dealing with Bitcoin exchanges or ATMs. In fact, the popular digital currency is far too transparent to move funds around anonymously, as there several initiatives focusing on blockchain analysis to prevent suspicious Bitcoin activities. Moreover, the Panama Papers story has shown the world why the banking system is far better equipped to move funds around the world in an anonymous and convenient manner. However, money laundering is not the only issue, as these documents show how companies and wealthy individuals were aided in evading taxes and dodging sanctions as well. read full article here: http://www.newsbtc.com/2016/04/07/money-laundering-facilitated-banks-rather-bitcoin/When the government itself is corrupt, it sometimes makes sense to protect your money by stashing it away. Not all the money mentioned in the Panama papers has been obtained illegally. |
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So it is not just the financial services industry which is interested in the blockchain.
The job opening seems to be privacy oriented - the intern will be working on access control.
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If the researchers are so sure of themselves, nothing stops them from developing a scalable altcoin.
They should put their money where their mouths are.
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Top 10 Biggest Bitcoin Villains to DateBitcoin.com presents the ten most popular and well-known villains (in no particular order) that have had a negative influence on the image of Bitcoin and the cryptocurrency industry as a whole. https://news.bitcoin.com/top-10-biggest-bitcoin-villains-date/still a young industry  Jamie Dimon is listed as a villain because of his views on Bitcoin! That is indeed lame. |
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Good to see articles like these. Interesting that only 1 in 5 said they would like to see digital currencies introduced by 2020. That seems like an eternity in the world of technology. I imagine it will go faster than that.
This ratio of 20% will increase rapidly once bitcoin adoption increases. It just needs a couple of large retail outlets to accept bitcoin in the stores; we will see almost all companies trying to follow suit. |
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The problem is that not all refugees have a proper documentation trail. People generally flee using the first means of transport they get, even if it means a risky trip across the seas in an old boat. |
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For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it.Bitcoins are successful in it so banks are showing their interest.
Actually, the article argues that Bitcoin is a lousy currency/money (because of volatility and its deflationary nature), but could be a great store of value. Seems like everybody is discovering some good in Bitcoin. |
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Is this such a big development?
All it requires is an addition to the currency symbols list.
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That is daft. The article looks at fees at exchanges and considers this as friction. Is this friction due to fiat or bitcoin? When people look at bitcoin transfers (in lieu of goods/services), rather than exchanging bitcoin for fiat, they will realize that this 'friction' more or less disappears. If there were no frictions in the bitcoin economy, an arbitrageur would be able to make a profit on the difference in the bitcoin price at several exchanges, claim Alexander Kroeger, a research analyst in the Bank’s Research and Statistics Group, and Asani Sarkar, assistant vice president of the Bank’s Integrated Policy Analysis Group.
However, this does not happen, although BTC-E exchange shows a constantly lower price for bitcoin than Bitstamp or Bitfinex (the average difference is about 2% of the BTC-E price). The reason why making money on this difference is impossible is that all the three exchanges charge considerable fees for transactions and for depositing/withdrawing of traditional fiat currencies.
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My private keys are printed out and kept in a bank locker.
With 24 hour security and a vault, it is as safe as it can get.
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Ha ha. What about the millions of people who don't have linkedin accounts? Are you supposed to create one? |
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Developed markets make up only 43 percent of global gross domestic product and are generally not required to hold much foreign exchange reserves, yet they have been able to issue 87.5 percent of the world’s bonds. It is emerging market central banks that buy 80 percent of those bonds as foreign exchange reserves to gain market credibility. Because of financial immaturity, emerging market banks can charge huge fees, and — except for a small band of powerful elites — offer little local access to capital. The general population and the small local merchants remain largely unbanked or underbanked. http://www.breitbart.com/big-government/2016/03/27/bitcoin-is-crushing-bank-fees-in-emerging-economies/Rather than banks, it is the Money Transfer Organizations like Western Unions which charge huge fees. They have to comply with anti money laundering legislation in multiple geographies and this cost gets loaded on to the transfer fees. Expect them to lobby hard with governments to restrict the use of remittance companies which use bitcoin as the backbone for their transfers. |
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For me if I choose btc wallet or bank. I choose btc . because btc increase the price in the market to make profit. While bank my money will not increase . bank will have tax my money will going down. !
I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity Yeah giving them so much information and wait for a long time to accept is a hassle and you need to have a minimum amount to deposit unlike in bitcoin you can even save even if your money is cent only. There are zero deposit accounts. So you can deposit cents even in bank accounts. There are accounts which can be opened with minimum information (think of the numbered bank accounts in Switzerland). This is slowly decreasing because of the stringent Know Your Customer requirements of different countries. |
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