31–40 of 62 posts
It's kind of a pity that three years have passed since it arguably went mainstream (among the tech literate at least) and the most prevalent use case is still by and large speculation. Making money is cool and all but the technology had a lot more promise than this.
It's kind of a pity that three years have passed since it arguably went mainstream (among the tech literate at least) and the most prevalent use case is still by and large speculation. Making money is cool and all but the technology had a lot more promise than this.
when one is useless the other is valuable
there is value to bitcoin because mining is expensive
expensive nonce detection renders the blockchain inefficient
if we had superficial nonce detection the currency would be useless but the tech would become practical
I wonder if Chinese price manipulation has anything to do with the upcoming Australian Bitcoin auction in late June.
I want to see what happens after 28 days: http://www.thehalvening.com/ https://www.reddit.com/r/Bitcoin/comments/3o89yz/the_halveni...
It's kind of a pity that three years have passed since it arguably went mainstream (among the tech literate at least) and the most prevalent use case is still by and large speculation. Making money is cool and all but the technology had a lot more promise than this.
Other reasons to use bitcoin: Drugs, Money Laundering, CryptoLocker, Capital flights, etc...
Earlier quoted context omitted.
The reason for slower bank-to-bank over international borders is probably more related to managing liability than it is to inefficiency.
Long settlement times are a feature, not a bug. It reduces externality costs (drugs and terror) and reduces insurance costs. (reverseability)