Viewing profile — kdeforche

> I think this is actually the most interesting point. The truth is that, no, you don't actually need to use bitcoin right now. And that's different than not needing to use the int…

>That's because with POS systems, you're not waiting for 6 confirmations. It's just assumed that you won't try to double spend your coins, and that no forks or orphans in the block…

That would imply there are currently more people wanting to sell an IPhone 3G than people want to buy it. Certainly the price of IPhone 3G's isn't rising. And that makes sense. Cur…

If the electricity collapses, the light goes out. Stay away from LEDs.

For bitcoin it's easy to argue that it's useful for almost zero-cost transactions, world wide, with relatively short confirmation times. Other applications are being invented: cryp…

Yes you can. You do not necessarily need a confirmation if you are willing to take a small risk (and a vendor accepts risks much bigger than that if he's in business).

Sounds like nonsense to me: if you buy 1 BTC from me, then at the same time I've sold 1 BTC? That makes it by definition as equally hard (or easy) to buy as to sell?