Imagine this Bitcoin restaurant : All tables are against a wall... whole restaurant is build in a circle.... the center area is for entertainment. Every table have a built in touch screen television, where you order every meal from a digital menu. After the starters... you pay in bitcoin via a displayed QR code on the screen.... and then for the main meal and extras and pudding etc.. Every table has it's own Bitcoin address  The only time you see a waiter, is when you order something special or when they deliver the food.  Sounds a lot like ordering takeaway on the internet to me.  Restaurants are like all online stores; they can make a start by accepting bitcoins for online orders. Once they do that, they will realize its advantages and the rest would follow. |
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i wish it was china instead of japan, they would put those scammers to hard labor camps. I don't think japan does much, maybe 1-2 years behind prison - that is nicer and cleaner than a lot of apartments in the us.
Well at least it is not one of those Scandinavian countries. Mark would enjoy his stay at one of those resorts. We should remember that he has only been charged, not been convicted. |
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I was thinking of what is deemed illegal in the way people trade Bitcoin on exchanges and wondered if much of it is illegal. I wonder what other fun stuff we can kiss goodbye to if Bitcoin was regulated and stayed within the 'Law'
Trading on exchanges is definitely not illegal. You have to trust the exchange to comply with all local regulations. If it were illegal, then the regulators will act very quickly, given the amount of money involved. |
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Hi, So something I've been thinking about is lending Bitcoin. For me to conduct trades over Bitcoin Talk, I usually ask the other party pays first (which usually means the trades fall through). - Is it actually profitable?
- Will I get scammed to death?
Cheers. If you have to lend, start with only collateralized loans is my advice. Do not be greedy. Otherwise, you definitely will get scammed to death. |
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Blythe Masters joining the bitcoin bandwagon is old news. Now that she is the CEO of Digital Asset Holdings, she definitely has to be positive about Bitcoin.  |
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The free market product winning over the inefficient, state controlled monopoly. It was expected. When the government starts taking action against Bitcoin, we will know that it really is a big success in Argentina. |
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I have been arrested by Homeland Security, thrown in county jail for one night, then into solitary confinement for two nights in a federal jail, had my house and business raided, had my clients business raided, lost my contract, they took all my computers and all the cash and Bitcoins they could get their hands on, spend almost $300,000 on legal fees, finally the case was dismissed. Still trying to get my passport back from whoever has it (maybe the Federal court, maybe the Department of State). All profits I have made for the last four years plus a lot of my retirement savings are gone. Had to take out a second mortgage on the house to pay all the lawyers.
All for just trading Bitcoins on Localbitcoins.com
Ouch. Hard lessons. It is more to do with discovering the absolute power of the state, than anything to do with Bitcoin, I would say. The state tends to come down hard on anything it does not understand. |
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Good to see that they are actually testing the waters. There have been a lot of articles about BNP and Soc Gen exploring bitcoin's potential in the last few weeks. I doubt if there will be a lot of demand just because a fund invests in bitcoin, but let us see how it plays out. |
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It is not possible that one country adopt bitcoin as its currency. With bitcoin it is not possible to do monetary policies and without that politics it is very hard to govern. ...
It is possible. There are many countries that do not have their own currency. True. Currency substitution usually takes place when a small country's monetary policy fails. If they adopt a strong currency like the dollar, it gives foreign investors confidence to enter the country. |
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The press sub forum also seems to be overrun by articles from crypto magazines. Articles from the mainstream media seem to be drowned out by an avalanche of articles from these sites. And most of them are rehashes of old news / speculations about price. |
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Very interesting indeed. Société Générale is a very big french bank. If we add to this a report by BNP Paribas few weeks ago about the possibility that Bitcoin might change banking world, we come to a conclusion that Bitcoin is definitely started getting serious in a big financial circles.
It is interesting to note that the French banks are taking the lead in exploring Bitcoin. The French are usually thought to be conservative. This doesn't seem to be the case when they are looking at Bitcoin. |
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21 million BTC / 7.5 billion humans = 0.0028 BTC per person. If you control more than .0028 BTC, you will eventually be above average wealthy.
That is an interesting way to look at it. Almost everybody in this forum can be considered above average wealthy. Personally, I would consider anybody with over 100 bitcoins as being 'bitcoin wealthy'. It may not be too high in fiat terms today, but I expect it to be very valuable some day. |
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96% literacy. 69% internet consumption. Combine that with high inflation, capital controls and a significant portion of GDP contributed by tourism (i.e. foreign currency). You have got a recipe for success of Bitcoin. |
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Interesting... Banks will be replaced which is why they are freezing accounts holding onto the last ounce of power they have that is quickly fading.
Most banks aren't really concerned about Bitcoin being competition to them. What they are really worried about is money launderers using bitcoin, and routing those funds through their banks. They will be made to pay stiff fines if laundered funds pass through them and they don't detect it, Good to see that ING isn't worried and has proper processes in place. |
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Plan for a country saving itself from bankruptcy/getting rid of debt with Bitcoin:
1.) Secretly buy lots of Bitcoin.
For a country like Greece, which is struggling to meet its pension payments, this is not an option. |
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Initially, I thought it was just customer dissatisfaction decreasing. But people seem to be genuinely happy. A bank has topped a survey on customer service, beating companies like Amazon! UK banks have identified this critical issue, and focused a lot of time, energy and efforts into improving their customer service. And it looks like those efforts are paying off, according to a recent study conducted by the Institute of Customer Service [ICS]. In fact, it is the first time ever that a UK bank has been on top of the rankings.
Over the past year, companies like John Lewis and Amazon have been the frontrunners in terms of customer service. But something has changed over the past 18 months, leading to HSBC’s online bank First Direct taking the crown. |
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A Coin from Citibank sounds like a moneylenders coin... it will be done only to generate interest and not by the people, for the people.
Citicoin will be an extremelly centralized coin made by banksters and only with the interest of subduing institutions or entrepreneurs in financial dispair...
Citicoin will ever worst than Fiat cash...
They would probably just use it internally / amongst banks as a token to settle transactions. If banks were allowed to print their own money / money equivalent, all hell would break loose. |
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638 is not a huge number; it is just 20 transactions per day. They should stop publishing percentage increases over a small base.
That said, good to hear about Bitcon adoption increasing in the developing world.
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Will Greece's failure bring to a new rise of bitcoin price in next months? Maybe a bubble? How much? Tell your opinions.
When Greece's capital controls is lifting, we may see money moving out of Greece. How much of that will be going into bitcoin? Not much I think. Euro is a strong currency comparable to US dollars, so it will not devalue much. They are better off keeping Euro. They are better off keeping it in Euro, but in a bank outside Greece. Greeks would have learnt from this episode. Better to have money outside the clutches of the Greek government when the next crisis strikes. |
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