kdeforche

4 ms·

1. 1.▲
   by kdeforche 13y ago

   > 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 internet in 1993. Right now, there are plenty of s
2. 2.▲
   by kdeforche 13y ago

   >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 chain happen. This is not 100% relia
3. 3.▲
   by kdeforche 13y ago

   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. Currently (and for the last years), the price of BTC
4. 4.▲
   by kdeforche 13y ago

   If the electricity collapses, the light goes out. Stay away from LEDs.
5. 5.▲
   by kdeforche 13y ago

   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: cryptographic proof-of-existence (on top of the block
6. 6.▲
   by kdeforche 13y ago

   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).
7. 7.▲
   by kdeforche 13y ago

   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?