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Author Topic: [2014-08-19] Trade Group Chief Eyes Bitcoin  (Read 1250 times)
101111 (OP)
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August 19, 2014, 03:12:56 PM
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http://thehill.com/policy/technology/215483-trade-group-chief-eyes-bitcoin
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 19, 2014, 07:25:29 PM
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Well this is true --> Oxman told CoinDesk that his industry learned from the way record companies responded to music downloading service Napster when it first debuted, and are trying to take the opposite approach.

Well good to see some people learn from the mistakes made in the past. Those who think, they can push peer-to-peer networks around, might not have dealt with it in the past.

Decentralized networks are the future, and if you deny it, you will miss the boat or go down with it.  Grin

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August 19, 2014, 11:33:41 PM
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good news.  Smiley

http://www.coindesk.com/industry-chief-payments-firms-warming-bitcoin-partnerships/

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August 20, 2014, 12:07:36 AM
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To consider working with bitcoin is a logical step for all major payment companies.

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August 20, 2014, 12:36:24 AM
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Sounds like they're setting up shop w/ BitPay which is no surprise to me. It'll take some doing to get the average person willing to pay bills and such w/ BTC unless the process becomes hassle free.
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