battani

9 ms·

31.
by battani 12y ago
Good thing Secret's a reliable source of info.
32.
by battani 12y ago
You raise interesting points, but you make many, many assumptions. It's totally possible that they may all come true, but there is a lot of speculation in your analysis. Also, you assume that BTCUSD price will rise as bitcoin gains ado
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by battani 12y ago
> One day, there may be a number I can call to when my bitcoin goes missing. Why would I even need such infrastructure if I can already do that today with my bank?
34.
by battani 12y ago
Sam is making valid points. But bitcoin's survival is not a function of its price in USD, and its adoption rate is also not a function of its price in USD. If we want to think of bitcoin as a currency, we have to stop thinking of it as
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by battani 12y ago
The author is making valid points. Nobody here likes to hear it, and I feel like a lot of people in SV are tuning this out, but bitcoin is really, really struggling to find a relevant use case, especially with consumers. Regular consumers h
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by battani 12y ago
There is a lot of uncertainty surrounding the MaidSafe IPO. Exercise due diligence before sending coins over to them. More info here: https://bitcointalk.org/index.php?topic=579797.320
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by battani 12y ago
http://en.wikipedia.org/wiki/Social_engineering_(security)
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by battani 12y ago
Bitcoin price action has been suffering for the past few weeks. First the Mt Gox debacle, then China banning banks from processing it, then the IRS declaring it taxable as a property. The major impact of that last decision will be on consum
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by battani 13y ago
Agree with this. Merchants take on absolutely no risk by proposing bitcoin as a payment option because a) they never touch btc b) they still offer the CC alternative. There is no deterioration in customer experience. It's just an addit
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by battani 13y ago
It's easy for merchants to accept bitcoin, because they always propose it alongside a CC payment alternative. And they never risk anything, because they only ever touch USD. So it's all gain for them. (This is more a marketing stu
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by battani 13y ago
Good to see. Businesses that offer marketplace services should have no objection to integrating bitcoin as a payment option. It does not deteriorate the merchant or consumer experience (regardless of whether or not they use or hold bitcoin)
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by battani 13y ago
I agree. But it's very difficult to find a system that is so appealing to consumers that they'll make the switch, simply because consumers don't have a payments problem. Incremental reductions in friction (e.g. the consumer
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by battani 13y ago
Yes, price variability (measured against USD) would deter consumers.
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by battani 13y ago
I agree, but it just adds friction. Already, consumers are very comfortable using their credit cards. If you add the mental cost of thinking about taxes, especially when you have to pay capital gains when you pay for something (!!), that&#x
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by battani 13y ago
Is there any reason in particular you're not using existing solutions, like Venmo or Splitwise?
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by battani 13y ago
The IRS now treats bitcoin as a property asset, very much the same way they treat stocks, and not all stocks are prone to speculation. So this is expected news for those who hold bitcoin as an investment. The major impact of this decision w
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by battani 13y ago
A few weeks ago, a friend and I had the idea to build an app to send and receive bitcoin over social networks. There have been many times in the past where we wanted to send bitcoin to people on Facebook or Twitter (to tip, or as a gift, or
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I built a Bitcoin app you may find useful(coingram.co)
20 points by battani 13y ago|14 comments
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Show HN: A daily summary of what's happened in the world of Bitcoin(dailybit.co)
4 points by battani 13y ago|1 comments