More huge news

[hector3115]

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886

Bitcoins potential being realized

[gentlemand]

Extra hugeness that wasn't in the article

https://twitter.com/mikejcasey/status/597545262345682945

NASDAQ realises there's no point in using 'blockchain technology'. The real deal makes most sense.

[Biodom]

Interesting. However, I don't see how one satoshi can be a transaction with dust limit of 546 satoshis.
If each share will be represented by 546 satoshis, nasdaq will need 546x[2.1bil shares]=~1.1trillion satoshis daily=11 thou bitcoins daily (three times more than daily production).
If each transaction is represented by 546 satoshis, then 546X2.5 mil daily=~1.1 bil satoshis=100 bitcoins daily-more doable.
However, once these satoshis are associated with shares, they will not be able to be associated with newly traded shares, so a constant flow of satoshis will be directed toward shares and these will be removed from daily circulation (until those shares are traded), hence a pool of available satoshis will be constantly depleting.

[Alley]

Can you post the article?  I don't have a WSJ account.

[gentlemand]

Can you post the article?  I don't have a WSJ account.

http://www.reddit.com/r/Bitcoin/comments/35jawi/a_bitcoin_technology_gets_nasdaq_test/cr4xel8

[Alley]

Amazing stuff.  Wall street would save tons of money in lawyer in bank fees.  And I didn't realize it took 3 days to finalize trades. 

[stonerider]

To Da Moon!!!

Not.

[Chef Ramsay]

Amazing stuff.  Wall street would save tons of money in lawyer in bank fees.  And I didn't realize it took 3 days to finalize trades. 

Well, you fooled yourself in such an epic way that I'd say that "naked and afraid" is too much for ya.

[lay785]

Very good news.

After the Goldman Sachs' investment into "Circle", wall street is starting to wake up and realise that bitcoin/blockchain-decentralised-technology-ledgar is the future.
Harnessing this technology for the commercial sector will help their industry as well as increase the utility of the bockchain.

Obviously many of us want bitcoin as a currency to succeed and this kind of positive news strengthens our vision.

[Hunyadi]

Can you post the article?  I don't have a WSJ account.

http://www.reddit.com/r/Bitcoin/comments/35jawi/a_bitcoin_technology_gets_nasdaq_test/cr4xel8

I'm glad it is THE blockchain

[podyx]

Extra hugeness that wasn't in the article

https://twitter.com/mikejcasey/status/597545262345682945

NASDAQ realises there's no point in using 'blockchain technology'. The real deal makes most sense.

[ThatDGuy]

Extra hugeness that wasn't in the article

https://twitter.com/mikejcasey/status/597545262345682945

NASDAQ realises there's no point in using 'blockchain technology'. The real deal makes most sense.

[NeuroticFish]

If they'll do it, this will mean a ton of tiny transactions, but which will increase the blockchain a lot.
I am not sure if it's a good news. In a year after that's gone live, the common user will not have space to hold the blockchain => no more true decentralization.

[Valle]

Banks exchanges by a relatively huge transactions about once a day, so it is not a problem.

[manselr]

If they'll do it, this will mean a ton of tiny transactions, but which will increase the blockchain a lot.
I am not sure if it's a good news. In a year after that's gone live, the common user will not have space to hold the blockchain => no more true decentralization.

But you are not taking into account the fact that free space gets improving yearly and we'll get to a point were this is not an issue anymore.

[HeliKopterBen]

If they'll do it, this will mean a ton of tiny transactions, but which will increase the blockchain a lot.
I am not sure if it's a good news. In a year after that's gone live, the common user will not have space to hold the blockchain => no more true decentralization.

Lol c'mon man.  I remember back in 2012 - if Tom's mini mart began accepting bitcoin, it meant moon.  Now the nasdaq is experimenting with bitcoin as the backend for the stock market... and that is bad news? 

Scaling solutions are on the table now.  It may take a few years, but bitcoin will be able to scale to handle this. 

[PerfectCoin]

don't know about future impact but right now it turned the market green,
bitcoin will hit 300 this month

[Cconvert2G36]

Extra hugeness that wasn't in the article

https://twitter.com/mikejcasey/status/597545262345682945

NASDAQ realises there's no point in using 'blockchain technology'. The real deal makes most sense.

[ElectricMucus]

'Blockchain' now hoas officially gone full tech bubble buzzword. Doing any sort of record keeping inside the Bitcoin Blockchain in anything besides the personal scale is comical because it would increase the data storage requirements beyond what's being sustainable.

[Heresy2122]

'Blockchain' now hoas officially gone full tech bubble buzzword. Doing any sort of record keeping inside the Bitcoin Blockchain in anything besides the personal scale is comical because it would increase the data storage requirements beyond what's being sustainable.

Shut up you filthy heretic.


We don't read the actual articles and think critically about them, only the headlines.
If it contains "blockchain" and "NASDAQ" in the same sentence, it's moon guaranteed.

"Still, bitcoin-based settlement remains untested in the real world. Regulators worry about the anonymous status of the bitcoin miners that collectively manage the system. It is conceivable that bad actors might one day take over the mining network and destroy the integrity of its verification system, some say.

Also, bitcoin’s underlying software is unable to handle the massive increase in data storage that a Wall Street settlement system would require."


Everybody knows that when venture capital money is involved, nothing can go wrong.