Viewing profile — battani

> Your credit card is where your wealth is stored. Your credit card is just a means of payment (a key). Your wealth is stored at your bank. All these merchants may have your bank k…

Facepalm. I can pick 20 small cap stocks that have outperformed the dollar over the past year. That only makes them a good savings vehicle in hindsight. Confusing short-term specul…

> So chargebacks due to fraud simply wouldn't be there. That is far from the only reason there is credit card fraud. Actually most credit card fraud is linked to identity fraud (a …

1. Check out Stellar and Ripple who solve this better than BTC. 2. Is a volatile virtual currency powered by market speculation the best alternative for inflation-ridden currencies…

Large retailers like Amazon don't save on their margins if they start accepting BTC because 1) BTC won't be used by any significant number of their users 2) they already get specia…

This is something they unfortunately do not address, but it's the biggest problem with such systems and a major part of the reason Ripple hasn't caught on.

If your money transfer model includes gateways, then trust is involved. You have to trust the gateways (local banks or exchanges) to make the conversion. The gateways on each end w…

> Well Dell wants to promote the currency Dell wants to promote Dell. And the Alienware promotion? Alienware is used primarily for video gaming. There's quite an overlap between th…

What will the government do with Bitcoin the day a report comes out that American citizens have been killed in a terrorist operation financed by bitcoin?

If you want freedom, learn how to algorithmically trade Forex. Edit: Downvote? I'm serious about this. Trading is the only activity I know that gives you 1) income 2) no boss to re…

There are many more recent articles on the same topic — internet technology may have changed a lot, but consumer behavior hasn't. Consumers still want simple and predictable pricin…

Yes I agree that bitcoin could be useful to the unbanked or in high inflation countries. I don't have enough knowledge of those markets to elaborate. I was answering the author who…

I guess your argument is then about security. Your funds are as secure as whoever is holding them, whether it be in bitcoin or regular fiat through CC. If you place your bitcoin on…

True. But a lot of merchants are moving away from this model anyway because it turns out consumers hate micropayments online. http://www.openp2p.com/pub/a/p2p/2000/12/19/micropayme…

Yeah I mean those are some problems but they're 1) not huge and 2) I don't think creating and adopting a volatile virtual currency is necessarily the best solution to those problem…

"Second, because convert-transmit-unconvert still bypasses many of the painful aspects of other money transfer mechanisms." Using a credit card online or 1-click checkout isn't pai…

This does not qualify as a bullish catalyst.

What kinds of use cases can you think of for microtransactions? There's a reason entire industries are moving toward the pay-by-the-month/year model instead of pay per use (Spotify…

The are operating as "custodians of customers' digital currency assets" (their words). That means they are a bitcoin/fiat bank. Commercial banks make money on 1) currency conversio…

If someone steals your bank account number and charges you, you call your bank to reverse the transaction and block any future transactions from the thief :) did that yesterday, wo…

Jan Koum, founder of WhatsApp, was born in a tiny village in Ukraine, grew up without a father, worked as a cleaner in a grocery, and was almost homeless. Today he is worth $6.3 bi…

Good tutorial and good service. Interested in seeing Part 2: Manage Addresses/Keys

They still have to keep at least the amount the richest user owns online in case that user decides to withdraw all their coins.

> No matter how secure you think you are, someone can likely get into your server Well if that happens you're in deep shit in any case whether you use this service or not...