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Author Topic: A company just patented Bitcoin transactions via SMS  (Read 176 times)
WhalerMoon
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August 24, 2018, 03:46:19 AM
 #21

On the surface this seems ridiculous and shockingly broad. And without looking into the particulars of it, sure this patent will not hold up to scrutiny. I would actually bet money on this. I wonder if there is a place where I can do that; make bets on the validity of patents.
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barsharkol12
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August 24, 2018, 04:10:34 AM
 #22

technology nowadays made life easy. for me using btc via sms is very convenient to those people who are not using internet.but this sms method is a little bit risky.there are a lot of cases which sms can easily be track and we are talking about here a lot of money and loosing is not good.
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August 24, 2018, 04:39:25 AM
 #23

Each day the technology is becoming more and more powerful.  I think we are only a few years away form having the technology to take this mainstream.  This SMS breakthrough is going to be huge when it goes into action. 

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aoluain
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August 24, 2018, 06:48:30 AM
 #24

Hey OP,

You could have mentioned its bitmain and they're trying to have a monopoly on mining and have a vague IPO that may or may not die shortly.

https://www.thestar.com.my/business/business-news/2018/08/23/bernstein-crypto-miner-bitmain-may-be-losing-its-edge/

Quote
Bitmain has likely been acquiring large amounts of Bitcoin Cash, posing a “major risk” as the Bitcoin offshoot’s value declines, Li said. Bitcoin Cash has tumbled by about 68% since the first week of May, versus a 30% drop in Bitcoin, according to Bloomberg composite pricing.

Nobody cares about their stupid patent and companies trying to create monopolies in bitcoin deserve to go under like bitmain will.

Yes but on the other hand if it helps others to use bitcoin without having to possibly use
A computer or an internet connection it would be positive, pity its pushed by bitmain.

Transactions via SMS look like an outdated feature for us, but this feature can be a bridge to get adoption from Generation X, in my country most of Generation X is still actively using SMS feature for their transactions, maybe with this feature we can get their adoption
About Generation X, yes I would agree that the older generation are still predominantly
Using SMS but are more likely to have a PC and Internet access and a smartphone.

Hmm, its a strange one and a bit archaic with a question over security i think.

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August 24, 2018, 07:55:42 AM
 #25

A computer or an internet connection it would be positive, pity its pushed by bitmain.

I thought I'd clarify, the SMS patent was not filed by Bitmain, so don't bring out those pitchforks just yet lol. It was filed by US tech company Intuit:

https://www.pymnts.com/news/b2b-payments/2018/intuit-mobile-bitcoin-patent-cryptocurrency/

OP's article was a week's worth of news and it just happened to be headlined by Bitmain's IPO.

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August 24, 2018, 08:11:21 AM
 #26

I like to test new apps, it’s an engaging process for me. So I willingly wait for TalentSnap release J This platform builds zero-knowledge proof technology that will automate the hiring process. They will help to save plenty of money and time both for employers and employees! Cool
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August 24, 2018, 08:43:34 AM
 #27

I'm not sure that this can become a new Revolution, but it is also the positive news in our bank of positive news about bitcoin when the last drop will be dropped, it will spoil out.
Any change or adoption and integration is a big step forward. so the more change the better.

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Femhab
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August 24, 2018, 09:05:12 AM
 #28

This is an awesome idea and it needs real development. If this can be done successfully then financial institutions will need to start thinking blockchain.

A Feeder
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September 27, 2018, 01:36:39 PM
 #29

That is a good thing and news that you can transact through via SMS therefore we can easily access and transact to every country, I hope that will be happen in the future because now some government are not accept bitcoin to their countries.
isaac_clarke22
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September 27, 2018, 01:43:23 PM
 #30

Is this gonna be an innovation to allow a certain transaction through SMS? What sort of app or "technology" were they talking about in the video? What company is it? Is it gonna be helpful if it is more convenient to do it in computer? If that innovation reaches out in my country, it might not get that kind of hit since SMS are just the means of quick communication now these days and people are now often using the desktop computers to do such large and technical tasks.

mahilchii
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September 27, 2018, 01:51:24 PM
 #31

This is an awesome idea and it needs real development. If this can be done successfully then financial institutions will need to start thinking blockchain.
To be honest I am not aware about it, but this is a great news that BTC is reaching its height day by day. This is how technology speaks money is a big concern for everyone. Definitely it's a big achievement as digital currency is trending everyday.

AlexTF.CCN
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September 28, 2018, 11:03:27 AM
 #32

Everybody is getting a patent out, but we still have to see results to see if they carry things through Shocked
gunungkembar
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September 28, 2018, 11:24:07 AM
 #33

I think such transactions are very long and too time-wasting, you can advise your company to use blockchain technology that has a very high speed when making transactions.

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