LiteCoinGuy (OP)
Legendary
 Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
|
 |
November 14, 2014, 01:38:54 PM |
|
Western Union CIO: Bitcoin No Solution for Today's MarketFor Western Union chief information officer John “David” Thompson, bitcoin represents an innovative technology that, if successful, could significantly impact the way people transact and exchange information. Yet the path he sees to that future is fogged by regulatory and cultural challenges that are yet to be resolved. In conversation with CoinDesk, Thompson detailed how he invested in bitcoin mining in order to learn more about nuts and bolts of the technology – a process that he continues to this day. “I have some [KnCMiner] Neptunes – about two terahashes in bitcoin mining,” he said. “It’s done well.” http://www.coindesk.com/western-union-cio-bitcoin-solution-todays-market/maybe he is a hodler 
|
|
|
|
|
|
|
|
|
|
|
|
|
The forum was founded in 2009 by Satoshi and Sirius. It replaced a
SourceForge forum.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
franky1
Legendary
Offline
Activity: 4200
Merit: 4453
|
 |
November 14, 2014, 02:38:55 PM |
|
western union does not need to worry about regulations.
he already has all the god damn licences to play with converting fiat.. he doesnt need anything else
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
|
BittBurger
|
|
November 14, 2014, 03:50:45 PM |
|
Fine I'll say it:
This is huge.
If anyone of you had any concerns about the longevity of Bitcoin and its continued saturation of the market, you can kick back just a little further in your chair and relax.
Always remember that a year ago, hearing something like this would've generated thousands of nerd-gasms.
It doesn't mean Western Union is going to use Bitcoin.
It does mean that its fucking incredible that the industry most poised to be destroyed by Bitcoin, is actually all over it right now.
-B-
|
|
|
|
arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
|
|
November 14, 2014, 03:59:53 PM |
|
“I have some [KnCMiner] Neptunes – about two terahashes in bitcoin mining,” he said. “It’s done well.”
The statement alone shown how clueless he is. |
|
|
|
|
BLKMined
Newbie
Offline
Activity: 53
Merit: 0
|
|
November 14, 2014, 06:00:47 PM |
|
Me personally hearing of this gave me yet MORE confidence in where BTCitcoin/digital currencies is heading. I've found out about and have been studying BTCitcoin since March and despite some of the negative headlines, there has been nothing but good news after good news, after good news, since! It just doesn't stop! I'm enjoying the ride on this Major Wave!
Yeah but I laughed when I heard that he was mining them - You know he's hoping for that promise! lol They are just being extra careful which is very understandable as they are in fact old school players in the game. They will soon realize they will either have to bow down to the new digital age 0r! like the financial markets, get stopped out!
|
|
|
|
|
|
repentance
|
|
November 14, 2014, 09:26:11 PM |
|
western union does not need to worry about regulations.
he already has all the god damn licences to play with converting fiat.. he doesnt need anything else
Actually, WU is almost continually under investigation for money laundering and constantly imposing more restrictions on how their services are used in order to keep themselves out of deep shit. WU aligning themselves with Bitcoin in any way wouldn't necessarily be a good thing for Bitcoin. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
|
|
|
|
Flashman
|
|
November 14, 2014, 09:37:28 PM |
|
Sweet, we got damned with faint praise, we're starting to worry them  |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
|
|
|
Ron~Popeil
|
|
November 14, 2014, 10:28:13 PM |
|
The takeaway here is that their management appears to at least be open to the idea of bitcoin and that is a big step. Keeping you enemies closer might be the true nature of this but I can't help but feel cautiously optimistic.
|
|
|
|
Soros Shorts
Donator
Legendary
Offline
Activity: 1616
Merit: 1003
|
|
November 14, 2014, 10:40:50 PM |
|
“I have some [KnCMiner] Neptunes – about two terahashes in bitcoin mining,” he said. “It’s done well.”
The statement alone shown how clueless he is. Why? Three cubes give you 2TH/s. |
|
|
|
|
Willisius
Sr. Member
Offline
Activity: 364
Merit: 250
I'm really quite sane!
|
|
November 15, 2014, 12:51:33 AM |
|
“I have some [KnCMiner] Neptunes – about two terahashes in bitcoin mining,” he said. “It’s done well.”
The statement alone shown how clueless he is. If I had to guess, I would say that he probably started mining with the Neptunes around the time they first came out. You also need to remember that he is really not mining for profit, but rather to see and understand how Bitcoin works. It was mentioned in the article that this was the reason why he is in the mining "business.". |
|
|
|
|
polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
|
|
November 15, 2014, 02:30:16 AM |
|
He is going to get censured by his company for disclosing that.  |
|
|
|
|
|
sobitcoin
|
|
November 15, 2014, 08:36:45 AM |
|
That's pretty cool to see. I think a bunch of the big financial people are holding at least a few behind closed doors. Perhaps even involved with manipulation. Either way, awesome. They see the potential, it's just a matter of time. BTCBTCBTCBTCBTCBTCBTCBTC
|
|
|
|
|
|
crazy-pilot
|
|
November 15, 2014, 08:43:31 PM |
|
Awesome.
This is excellent news.
WU officer is seriously mining; how cool.
I don't think "seriously" is the appropriate word here. He is using miners that are worth a few hundred dollars each at most now. It was stated in the article that he is mining in order for him (and the company) to get a better understanding as to how bitcoin works. |
|
|
|
|
bitnanigans
|
|
November 16, 2014, 09:00:44 AM |
|
Heh. Interesting.
|
|
|
|
|
|
Kimowa
|
|
November 17, 2014, 03:27:20 AM |
|
maybe he is a hodler He appears to be mining/holding/using bitcoin in order for his company to better understand bitcoin (as mentioned above). |
|
|
|
pitham1
Legendary
Offline
Activity: 1232
Merit: 1000
|
|
November 18, 2014, 01:35:43 AM |
|
maybe he is a hodler He appears to be mining/holding/using bitcoin in order for his company to better understand bitcoin (as mentioned above). That is what they all say. He can't afford to say that he expects bitcoin to be the future of money transmission. |
|
|
|
|
RobertDJ
|
|
November 18, 2014, 06:04:36 AM |
|
maybe he is a hodler He appears to be mining/holding/using bitcoin in order for his company to better understand bitcoin (as mentioned above). That is what they all say. He can't afford to say that he expects bitcoin to be the future of money transmission. I would disagree. He did make a somewhat of a valid point that bitcoin does not solve anything to get money "the last mile" to the person receiving the money, although he does assume that people will want to ultimately receive fiat which I would say is not always the case. I would make a counter-argument to him that if merchant adoption is high enough then people would easily be able to spend their bitcoin without needing to go the "last mile" |
|
|
|
|
7788bitcoin
Legendary
Offline
Activity: 2282
Merit: 1023
|
|
November 18, 2014, 06:25:12 AM |
|
Which pool is he using?
|
|
|
|
|
|
mkc
|
|
November 18, 2014, 07:07:41 AM |
|
Which pool is he using?
I think this is a interesting question. I also want to know the answer to this question. |
|
|
|
|
SSSSwinner
Newbie
Offline
Activity: 44
Merit: 0
|
|
November 18, 2014, 07:55:25 AM |
|
Which pool is he using?
I think this is a interesting question. I also want to know the answer to this question. With only two terrahashes isn't that totally irrelevant?! |
|
|
|
|
|
