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chufchuf (OP)
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March 29, 2014, 03:56:11 PM
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With a bitcoin not under your control but under the bank's control, so appealing!

http://www.pcworld.com/article/2127920/cointrust-ceo-says-his-technology-can-take-bitcoin-mainstream.html
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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marcus_of_augustus
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March 29, 2014, 09:09:45 PM
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Herp, derp ... guess he didn't read the Satoshi white paper, Abstract, first line.

"Regulators we've briefed love our innovative approach to solving the compliance problem because we've given them control over every transaction."

Lol, wtf, are they serious or just trolling?! Regulator control over every transaction is one of the huge problems with the current system.
Monetary Freedom - an inalienable right
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March 30, 2014, 02:40:07 AM
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This is why I don't think the powers that be invented bitcoin. They are just way too stuck in their mindset to even conceive of the idea.
I'm grumpy!!
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March 30, 2014, 10:01:32 AM
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This would help with adoption. It may end up only being a stepping stone toward better trustless wallets.
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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