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Author Topic: 2012-12-11 spectrum.ieee.org - Bitcoin-Central Is Now The World's First Bitcoin  (Read 867 times)
julz (OP)
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December 11, 2012, 10:02:59 PM
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Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of


Morgen Peck
2012-12-11

http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-of

Last week, Bitcoin-Central, a Bitcoin exchange and storage service provided by the French company, Paymium, made a huge announcement. In essence, they said that they will now legally be able to carry out all of the functions of a payment service provider (such as Paypal or Dwolla)—with "legally" being the key word here. The truth is that it looks like a bank and it talks like a bank. But it's not really a bank.
But that's okay. For the moment, let's just talk about appearances. Because in this case they are very important.
...

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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TraderTimm
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December 12, 2012, 06:46:41 PM
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Nice, a lot of geeks just got the wake up call, if they didn't know about bitcoin already.

fortitudinem multis - catenum regit omnia
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