51–60 of 78 posts
They should change the name to Bitstant. It's two syllables and rolls off the tongue more smoothly.
The sound of BitStant reminds me of "stunt" like a trick, or stunted like stunted growth. Either way not words i'd like associated with my brand were I a credit card company.
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These are exactly the kind of thoughts I like to see people having about Bitcoin.
But isn't international credit/debit cards (even such with "limited charge") a solved problem? Except when under 18, all my credit cards were always international.
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But isn't international credit/debit cards (even such with "limited charge") a solved problem? Except when under 18, all my credit cards were always international.
Depends on the charges. If you're ok with around 1£ added to every transaction while you're abroad, then yes, it's a solved problem. But if you're travelling a lot and don't want to exchange the paper money and always be stuck with some change you'll probably never use again... it could be better.
How about £0? That's a solved problem too. In the parts of the world with a working, modernized banking system and proper competition.
I could chose to be part of those who got charged £1. I chose not to, and so did so many others, that where I live, finding a bank which charges you money at all to withdraw anywhere in the world is the exception, not the rule.
There may be merits to bitcoin (although I do admit I have very little knowledge, insight or understanding of the system), but you don't need it to have working banking institutions and free trade. That I do know.
>6-8 Weeks After Stack Overflow, we should really start referring to this as an "Atwood period".
Can you explain?:)
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Consumer-grade mining is a temporary phenomena. In a few months, the block reward will be dropping in half, and most people with GPUs will no longer be able to operate them profitably for mining. This is because FPGA mining hardware has been shipping in volume. In addition, if ASIC hardware starts shipping, GPU is completely out of the game and FPGAs will be hard pressed to stay powered on. GPU mining had a good run…
So, the only way to get some bitcoins for a single person would be hacking sites like bitcoinica or users? Also, is there a live statistic, which shows how much bitcoins exists right now?
You can buy them, you know. That's the whole point of Bitcoin exchanges.
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So, the only way to get some bitcoins for a single person would be hacking sites like bitcoinica or users? Also, is there a live statistic, which shows how much bitcoins exists right now?
Hacking? You can buy them, you know. That's the whole point of Bitcoin exchanges.
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hmm so who own the best hardware win the game? what if Google decided to join!?
A company like Google could probably hijack the bitcoin network. However, no matter how much hardware you throw at it, you will never make more than 300 BTC per hour. So it would be unlikely to be economically feasible to throw a giant server farm behind calculating bitcoins. Perhaps it would become a sensible concern if a country would adopt BTC as their currency and another country would decide to attack that count…
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Depends on the charges. If you're ok with around 1£ added to every transaction while you're abroad, then yes, it's a solved problem. But if you're travelling a lot and don't want to exchange the paper money and always be stuck with some change you'll probably never use again... it could be better.
If you're ok with around 1£ added to every transaction while you're abroad, then yes, it's a solved problem. How about £0? That's a solved problem too. In the parts of the world with a working, modernized banking system and proper competition. I could chose to be part of those who got charged £1. I chose not to, and so did so many others, that where I live, finding a bank which charges you money at all to withdraw an…
Is it the same for my mother's credit card she got at the supermarker for club discounts? Probably not, but she uses another one outside the supermarket.
[0] There is probably some hidden fee in the conversion rate, but it seems to me a fair conversion rate, not unlike I would get at the post office.
[1] Personal cards
It's interesting how Bitcoin is now becoming exactly what Bitcoin was always against: a centralized bank. A bad and unreliable one at that. It kind of shows you the evolution of our banking systems and why we need one.
What? How can a currency become a bank? You have a very strange definition of the word bank. I don't even know what you're trying to say. Downvoting, really? That's like me saying "USD is becoming a bank! And that's awful!".