Nobody cares about a few extra dollars (<5$/month) on their power bill and nobody will care how many bitcoin will the device produce. They will care more about the added security of the bitcoin p2p network and the discounts that they will receive.
The average user? Really? I don't see my mom or my siblings caring whether the Bitcoin network is strong or not. |
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The user will get a percentage of mined bitcoin. And I believe the idea is that the hardware itself will be super cheap. Like new moto x is $500. Or $250 with bitcoin chip. For example.
The problem is not hardware price, but energy costs. And the end user will lose more dollars in electricity bills than bitcoins from mining. |
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I think the “two passkeys” stuff is actually meant to be a multisig address. It's just that they didn't do their research.
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When was this made? I don't think suggesting a GPU for mining is a good idea.
You are correct,R2D221, mining Bitcoin with a GPU is not profitable. But, it is a good starting point for people that are just learning how to mine without investing in an ASIC or cloud hashing. Just a thought!  Mining without investing in ASICs only makes sense for academic purposes. There's no place for GPU mining if you want even the slightest profit. |
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When was this made? I don't think suggesting a GPU for mining is a good idea.
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Bitcoin is not a brand. You can use it however you want.
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I don't get how Google showing me personalized results automatically means they're evil. Also, I have used DuckDuckGo and it never gives me useful results.
They aren't necessarily evil. It's just you have nothing to gain, but everything to lose, from them having MASSIVE amounts of data on their very accurate profile they've built of you. You're wrong. I do have something to gain: personalized, more accurate results. Yes, it's not comparable, but it's not nothing either. |
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I don't get how Google showing me personalized results automatically means they're evil. Also, I have used DuckDuckGo and it never gives me useful results.
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When you said “Bitcoin Graffiti”, I was expecting to see something like this:  |
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Frankly, I wouldn't want a social network just to talk about money (because Bitcoin is money, after all)
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This is like writing the 9/11 flight code in the Webdings font.
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Anyway, part of me is asking this because when I see warehouses filled with computers dedicated to bitcoin mining, I wonder if I even have a chance who does not have access to these number of computers and that much power...
No, you don't have a chance. Even if you did find a more efficient way to complete the algorithm, what's stopping those big farms from using that new technique too? |
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I just lost track of whose points are being proved and for what purpose.
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There's NOT the confirmation problem, at least not when you're buying a cup of coffee or the groceries.
Maybe the 5$ doesn't worth stealing, but if this is implemented, maybe you'll want to pay for your watch or your car with your wallet, you know... Also, if this is not a problem, what is the actual problem? I think that the merchant needs some acknowledge that the transaction happened and that takes time. Or just starting the software, reading the QR and typing the amount and pwd takes that much?! If you're buying a car, the paperwork takes more than 10 minutes anyway. Also, if in my proposed solution, the POS itself broadcasts the transaction, then it can be safer to assume it is valid and just accept it. |
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A “little bitch” rating would be sexist.
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Where's the option in the poll for “No, because it's pointless”?
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I think a solution for this should be something very similar to what Coinkite is already doing. Just, instead of the POS connecting to their central servers and request a payment, make all the cryptography happen on the POS itself, and just propagate the signed transaction.
It might lead to centralization, but if done correctly, the POS protocol would be made open source, so that any company can develop their Bitcoin POS and cards, compatible with each other.
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There's NOT the confirmation problem, at least not when you're buying a cup of coffee or the groceries.
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The only one I can think about is Coinkite. They have both a Bitcoin debit card, and its corresponding POS terminal to use it. No ATMs though.
Hm, yes, but it's not a bitcoin (hardware) wallet. Yeah, you're right. Maybe we can propose them to create one? |
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The only one I can think about is Coinkite. They have both a Bitcoin debit card, and its corresponding POS terminal to use it. No ATMs though.
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