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Author Topic: 2013-06-18 Right Way for Startups to Use Bitcoin  (Read 725 times)
patricktim (OP)
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June 19, 2013, 12:35:56 PM
 #1
http://tech.co/the-right-way-for-startups-to-use-bitcoin-2013-06



The virtual currency founded in 2009 is still too new to benefit most startups, but it is popular enough to attract attention from regulators. So some companies could pioneer a new niche to profit from its potential to ease international payments and online sales.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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RagnarDanneskjold
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June 20, 2013, 11:46:13 AM
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Thanks - Good read.  I can imagine how businesses grown on BTC are going to have all kinds of strategic advantages in the future.
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'Bitcoin is the progress toward a society of privacy. The savage’s whole existence is public, ruled by the laws of his tribe. Bitcoin is the process of setting man free from men'
e521
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June 20, 2013, 11:58:30 AM
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“Bitcoin is still an experimental thing, and you should only put into it the time and money you can afford to lose,” Murck said candidly.

How could you possibly attract serious businesses?
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TraderTimm
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June 20, 2013, 05:22:59 PM
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Quote from: e521 on June 20, 2013, 11:58:30 AM
“Bitcoin is still an experimental thing, and you should only put into it the time and money you can afford to lose,” Murck said candidly.

How could you possibly attract serious businesses?


Because not everyone wets their pants at the mention of risk.
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