sgornick

10 ms·

31.
by sgornick 15y ago
I wonder how PayPal allows preselling for this but if you or I were to try the same thing PayPal would put a 6 month freeze on the funds once they figured out that orders aren't immediately shipped.
32.
by sgornick 15y ago
It isn't a new currency, I don't think. Looks like balances and transactions will be CADs, USDs, EURs, etc., If the issuer claims to have backing for the currency then for each CAD issued on a MintChip there would be a CAD in a bank somewh
33.
by sgornick 15y ago
Care to describe further this attack vector? A 50% + 1 attack is about in the $10+ million range, but still doesn't "override the code".
34.
by sgornick 15y ago
"A spokeswoman for the German Bundesbank told Reuters it was not classifying Bitcoins as e-currency. She said EU law required only euros to be accepted as legal tender, but this was superseded by German law that allows those involved in a c
35.
by sgornick 15y ago
Or depending on market conditions the exchange rate could move in your favor and those bitcoins can buy much more than what they could on the day they were earned.
36.
by sgornick 15y ago
Merchants incur expenses dealing with cash as well, so accepting $0.98 worth of bitcoin might be equivalent to accepting $1.00 in cash and coin after the hassle of dealing with cash in factored in. It will be some time before we see bitcoin
37.
by sgornick 15y ago
You know how some people pay with credit card simply to get the airline miles or 1% cash back? Who pays that? The merchant. (Well, the merchant adds it to the price that everyone pays, but I digress). Now given the option. Pay $100 wit
38.
by sgornick 15y ago
It is? How so would that be?
39.
by sgornick 15y ago
That Bunnie dude's been busy: http://www.bunniestudios.com/blog/?page_id=3
40.
by sgornick 15y ago
Bitcoinica just reported losing 10K BTC (worth $50K USD) in this same incident. - http://bitcointalk.org/index.php?topic=66961.msg778254#msg77...
41.
by sgornick 15y ago
Or passwords, or medical records, or anything confidential or of value?
42.
by sgornick 15y ago
You mean less interested in using it as a way to profit from speculation. As a currency it is not as critical that the value only goes up. A person or merchant receiving bitcoins can easily convert them out to USDs and still lose less in f
43.
by sgornick 15y ago
Forum thread regarding this: https://bitcointalk.org/index.php?topic=66916.40;all
44.
by sgornick 15y ago
Heh, it predicts Up Up Up!
45.
by sgornick 15y ago
But Bitcoins are digital, which means you can trivially replenish your spending wallet using USDs or whatever other currency you choose to use. Incidentally, using Dwolla to transfer funds to a Bitcoin exchange is often the easiest and qui
46.
by sgornick 15y ago
Since Dwolla funds are kind of like cash, it is much easier to move them to something like PayPal. This conversion happens frequently on the #bitcoin-otc marketplace as those selling bitcoins end up with excess Dwolla USDs. At the same tim
47.
by sgornick 15y ago
1.) Let's say you are at the shopping cart checkout and "Total $99.50. Pay just $98.00 using Dwolla and save $1.50" That's called offering a cash discount.
48.
by sgornick 15y ago
What's the quickest way to load funds to a Dwolla account? If you already have bitcoins, then you simply trade them for USDs on an exchange such as Intersango.com or MtGox. Then withdraw those USDs to your Dwolla account and the funds are
49.
by sgornick 15y ago
I don't know when they are looking at launching, but if you aren't aware: > [StartupBus founder] Bizannes has now turned his attention to Startup House, which is tipped to become one of the largest co-working spaces in Silicon Valley. &
50.
by sgornick 15y ago
> At this point I wish to inform and assure you that your cash deposited into your bank account service and not converted into BTC and unpaid cash from the sale of BTC remain safe and intact The funds are likely held in aggregate in a s
51.
by sgornick 15y ago
How much time (in hours) would law enforcement spend to perform this similar analysis technique? Or would this become trivial if a system that performed analysis continuously were built?
52.
by sgornick 15y ago
http://news.ycombinator.com/item?id=2732839
53.
by sgornick 15y ago
There's an old cliché, nobody remembers the second man to walk on the moon. So my point was, there is value in being the first restaurant in the world to accept bitcoins. And to be the first coffee shop. or the first plumber to do so, etc
54.
by sgornick 15y ago
The miners can only ignore transactions that don't carry a fee or a fee that isn't large enough. But other miners will likely accept those transactions, so the miner isn't forcing the fees up but instead letting them pass him by. More like
55.
by sgornick 15y ago
Probably has multiple laminated QR codes. That's not really the right way, or the best way. But it is a way that works. With only one code, the restaurant can't know for sure who the payment was from. Though at these low volumes, the amo
56.
by sgornick 15y ago
Quick question for you. Who was the second astronaut to set foot on the moon?
57.
by sgornick 15y ago
Look for the blue dots. If you see blue dots then the answer is no, sorry to disappoint you -- that wasn't the end of Bitcoin. - http://bitcoinmonitor.com/
58.
by sgornick 15y ago
I'm not sure I like this: - http://www.dwolla.org/blog/wp-content/uploads/2011/06/uuiy.p... Zaarly is requesting permission for the following: "Allows money to be pulled out [by Zaarly] and sent to your contacts." Seriously? I want to op
59.
by sgornick 15y ago
Or has an interest in furthering the increase in demand for bitcoins (and thus the value of them) by offering goods and services in exchange for bitcoins. There's a gold bug that believes: Fiat currency is sovereign equity In other words, w
60.
by sgornick 15y ago
Using Bitcoin the way the EFF is using it (giving out a single address for all transactions) will result in anyone being able to see all funds received. The recommended way, however, is for each transaction to receive its own address. For

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