Should Small Businesses Bet on Bitcoin?http://www.usnews.com/news/articles/2015/08/11/should-small-businesses-bet-on-bitcoinImagine stepping into a cafe where you're worried they don't take credit cards. But while you're painstakingly counting out your dollars, the cashier says: "We take cash, cards and bitcoin."
That's what's happening every day at Pittsburgh ice cream parlor Oh Yeah! And the small eatery isn't the only place offering an expanded range of payment options to its customers.
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Beyond Bitcoin: How The Blockchain Could Disrupt Our Financial Systemhttp://www.forbes.com/sites/sap/2015/08/11/beyond-bitcoin-how-the-blockchain-could-disrupt-our-financial-system/If you haven’t been paying attention to Bitcoin because you don’t understand how a digital currency might be relevant to your business, you might want to reconsider.
It’s unlikely that Bitcoin will replace the dollar, pound, Euro, or yen anytime soon (or ever). However, you’re still going to be hearing a lot more about it. That’s not because people are willing to consider it money. What’s most interesting about Bitcoin actually has very little to do with money — and everything to do with its underlying technology, known as the blockchain, which could challenge our assumptions about what makes commerce secure and trustworthy.
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Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...
It might have a lag effect. Which is why the US is so concerned about inflation and ended QE. Interest rates are going to go up some time this year too. This is a pre-emptive measure to prevent high inflation. |
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It was quite a sharp drop to $260 in the last 24 hrs.
Just when it seemed to be stabilizing in the $280 range...
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One of the very big hopes for Bitcoin was the notion of enabling 'micropayments'. Today, one can't practically pay 50 cents with Visa because there is a 30 cent swipe fee and a percent fee on top.
However, now with the stalwarts of 1MB blocksize limits, it looks like we are going to have to start setting our miners fees to (remarkably enough): 30 cents.
Does this spell an end to micropayments?
With the stress testing coming to an end, transactions should start flowing as usual, shouldn't they? The number of unconfirmed transactions is ~2K, which is not huge. Having said that, the block size debate will continue and the block size will eventually have to be raised. |
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What is this zero confirmation spoof that they keep talking about?
It was fairly harmless in this case, but could it have some malicious applications? Blockchain.info should get it fixed as soon as possible.
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The opportunities for trade, investment, high salaries and world-leading skills are far more important [than any potential loss of revenue], and I urge the states to work with the Commonwealth to make what amounts to simple change," Labor Senator Sam Dastyari, told the publication.
They seem to be looking at what the effects of classifying it as a currency/ intangible asset are, rather than trying to find out what Bitcoin fundamentally is. Wrong approach, I would think. I wouldn't complain, if they classified it as a currency and then stuck to it.
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I have family and friends in another country and can send them bitcoins practically instantly. I can't do that with cash so that alone is reason for me to have bitcoin
Same here, I work abroad and my family is in other country, So it becomes very easy for me to transfer the funds using bitcoins, and that also at very low cost, and it is time saving and very effective, So the best thing I like about bitcoins is online transfers. Remittances are an important application of Bitcoin and I think they will be the drivers of growth in Bitcoin application in the future. How easy is it for your family to convert bitcoins back into fiat or to spend the bitcoins? This is one area where there is teething trouble. |
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If you have bitcoin to cover a couple of months expenses (at current exchange rates), that should probably be enough. Bitcoin would appreciate and last probably a year during an economic collapse. Worst case, you will still have bitcoins to last a couple of months.
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Once the province of small-time investors driven by their distrust of government-backed currencies, now Wall Street bankers and traders are leaving high-paying jobs to join bitcoin start-ups, while big firms hire in-house to get their arms around bitcoin and the related 'blockchain' technology.
"A lot of people are entering the bitcoin space as the sector has reached an overall level of funding that's hard to ignore," said Jaron Lukasiewicz, founder and chief executive officer at New York-based bitcoin exchange Coinsetter. http://www.reuters.com/article/2015/08/07/us-usa-bitcoin-wall-street-analysis-idUSKCN0QC0EO20150807Well, if they are whizzes, they know that Bitcoin is going to be the future. Plus, they are taking in hefty stock options, even if they are not drawing huge salaries. |
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This is really cool news...im familiar with Qualtrics from messing around on AmazonMechTurk back in the day. Awesome that they would roll out BTC reward options. Hats off to Qualtrics for blazing a trail  Coinworker was another site, which offered jobs like AmazonMechTurk. I don't think it really caught on, because the discount for accepting bitcoin payments was high. Good to know that more sites are offering bitcoin options. |
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Yup, clear and simple. The 'slow' aspect is elegantly understated. What used to take days, now takes 10 minutes.  |
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It is already working!
Companies like rebit and coins.ph help in sending money to Philippines.
It is only a matter of time before more people/countries discover that there is a cheaper option to expensive remittances.
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Noble peace prize for Satoshi? On a serious note, as long as lunatics abound, you won't have world peace, Gold couldn't end wars; and neither will bitcoin. |
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She definitely understands bitcoin and the blockchain. Seems to understand how permissioned, currencyless blockchains could be useful. All the bits necessary for financial institutions and other kinds of value transfer. https://www.youtube.com/watch?v=Clc3ZOP2zUoYou would expect her to be. She is one of the pioneers in CDS. With her background in JP Morgan and experience in the finance field, she can be a great asset to the Bitcoin world. |
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The average confirmation time is 10 minutes.
For low value transactions (like a cup of coffee), you could take a risk and go ahead with unconfirmed transactions. It is highly unlikely they will be double spent. For high value transactions, you can wait for 6 confirmations (or almost an hour)
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The trader seems to be more worried about his credit rating than his legal expenses. That is a good sign. |
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Lol if you think banks are really "afraid" of Bitcoin. Do you know how easily they could spam the network for months on end? It costs them nothing.
No particular bank is going to go ahead and do that. It would be almost accepting defeat. When the spamming stops / block size increases, bitcoin will emerge stronger. |
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we dont need hope need to start trading it ,let people pay with it ,it will became an option to protect capital,Greece is the first to colapse but there are others that will fall .
I hear that Greece has gone back to barter. greece didn't have any major effect on bitcoin price because they simply didn't have access to fiat to invest in it , it was only the hype and the news that pushed the market up. i don't see any more effect they can have on bitcoin anymore Greece could have bought the whole of Europe to its knees. The fear of things proceeding remotely in that direction drove Bitcoin's price up. Greece has kicked its debt repayments can down the road, but the whole saga could restart again. |
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