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boonies4u
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December 01, 2011, 07:59:48 AM
 #41
Quote from: Stephen Gornick on December 01, 2011, 07:50:36 AM
Quote from: Elwar on November 28, 2011, 02:06:00 PM
I was driving down the road and I saw a "Western Union" sign and thought...why do we still have those places around?

Bitcoin could easily replace Western Union all over the world

$350 billion this year ... just to developing countries.

http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23058070~pagePK:64257043~piPK:437376~theSitePK:4607,00.html


It's all about the BRICS.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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December 01, 2011, 11:33:46 AM
 #42
Quote from: boonies4u on December 01, 2011, 07:59:48 AM
Quote from: Stephen Gornick on December 01, 2011, 07:50:36 AM
Quote from: Elwar on November 28, 2011, 02:06:00 PM
I was driving down the road and I saw a "Western Union" sign and thought...why do we still have those places around?

Bitcoin could easily replace Western Union all over the world

$350 billion this year ... just to developing countries.

http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23058070~pagePK:64257043~piPK:437376~theSitePK:4607,00.html


It's all about the BRICS.

OFWs and mail-order brides. I still think pawn shops around the world should network with bitcoin. Pawn a stereo to send cash to a family member.
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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