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I'm a fan of crypto currency, but the current solutions don't quite solve this problem -- yet. I'm enthusiastic about what start-ups in the space will bring to

by 2bluesc 13y ago

I'm a fan of crypto currency, but the current solutions don't quite solve this problem -- yet. I'm enthusiastic about what start-ups in the space will bring to the table to fix problems like this.

tlb 13y ago
What do you think is needed for Bitcoin to solve the problem? Is it just wider adoption, or are there technical features missing?
- jimktrains2 13y ago
  A stable price for one. I can't have 0.1 btc be enough for a nice dinner one day and a cup of coffee the next. Second people need to have their wallets on their phones and know how to use it. That's more of a consumer education problem than a tech problem, though.
  - asperous 13y ago
    I'm a fan of cryptocurrency but I think this is going to be a insurmountable problem. Bitcoin lost more than half its value since last november.. that's not okay. People say "with growth.. etc.. will be stable." But USD/EUR isn't all that stable and that has massive volume and resources in motion to keep it stable (http://www.fxstreet.com/rates-charts/usdollar-index/ http://www.fxstreet.com/rates-charts/usdollar-index/) (See 88 -> 74 in 10 months).
    - jimktrains2 13y ago
      I never said it'd be easy (or possible :(), but for it to be wide spread huge swings in value can't be happening.
jimktrains2 13y ago
The current solutions (such as Chip-and-Pin and 3D-secure) do solve the problem. The problem is noöne uses them.
- tokenizerrr 13y ago
  As someone living in the Netherlands I can say that your statement of noone is far from the truth. I don't know about the state of things in America, but here in Europe Chip-and-Pin is very common.
  - craigmccaskill 13y ago
    By none he's basically talking about the states. As a British person who moved to the US 4 years ago, chip and pin was everywhere back in the UK. In the US it may as well not exist.
    - jimktrains2 13y ago
      Yeah, sorry. There was a sibling comment discussing chip and pin and I did mean "noöne in the US".

by 2bluesc 13y ago

I'm a fan of crypto currency, but the current solutions don't quite solve this problem -- yet. I'm enthusiastic about what start-ups in the space will bring to the table to fix problems like this.

tlb 13y ago

What do you think is needed for Bitcoin to solve the problem? Is it just wider adoption, or are there technical features missing?

jimktrains2 13y ago
A stable price for one. I can't have 0.1 btc be enough for a nice dinner one day and a cup of coffee the next. Second people need to have their wallets on their phones and know how to use it. That's more of a consumer education problem than a tech problem, though.
- asperous 13y ago
  I'm a fan of cryptocurrency but I think this is going to be a insurmountable problem. Bitcoin lost more than half its value since last november.. that's not okay. People say "with growth.. etc.. will be stable." But USD/EUR isn't all that stable and that has massive volume and resources in motion to keep it stable (http://www.fxstreet.com/rates-charts/usdollar-index/ http://www.fxstreet.com/rates-charts/usdollar-index/) (See 88 -> 74 in 10 months).
  - jimktrains2 13y ago
    I never said it'd be easy (or possible :(), but for it to be wide spread huge swings in value can't be happening.

jimktrains2 13y ago

The current solutions (such as Chip-and-Pin and 3D-secure) do solve the problem. The problem is noöne uses them.

tokenizerrr 13y ago
As someone living in the Netherlands I can say that your statement of noone is far from the truth. I don't know about the state of things in America, but here in Europe Chip-and-Pin is very common.
- craigmccaskill 13y ago
  By none he's basically talking about the states. As a British person who moved to the US 4 years ago, chip and pin was everywhere back in the UK. In the US it may as well not exist.
  - jimktrains2 13y ago
    Yeah, sorry. There was a sibling comment discussing chip and pin and I did mean "noöne in the US".