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TheIrishman (OP)
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June 22, 2014, 07:09:36 AM
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Bitcoin threatens payments sector

http://upstart.bizjournals.com/money/loot/2014/06/21/bitcoin-threatens-payments-sector.html

<< For the payments industry, bitcoin is a major threat because it could remove credit card processing outfit's middleman fees. But it's not so far-fetched to imagine those same threatened companies getting in on the game by buying bitcoin startups. >>
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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June 22, 2014, 11:00:24 AM
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Well might be good business sense. If you cannot beat them, buy them.  Grin

Money makes money, you just need to change the vehicle, if the engine fails. In this instance, the wheels came off and the engine seized.  Grin
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