yc1010

23 ms·

181.
by yc1010 11y ago
Well banks used to use gold as an asset and then give loans on top of that, nothing stopping anyone making Bitcoin IOUs on top of bitcoin holdings. The problem is the same that was solved by banks hundreds of years ago, why would someone st
182.
by yc1010 11y ago
Well bitcoin transactions are almost free (miners fee is what nowadays 1-2 cents regardless of amount?) as is. It is hard to compete with that Their aim is to grow and acquire users and become an import cog in bitcoin and financial worlds O
183.
by yc1010 11y ago
Ah "change"... yes... http://change.gov/agenda/ethics_agenda/ "Protect Whistleblowers: Often the best source of information about waste, fraud, and abuse in government is an existing government empl
184.
by yc1010 11y ago
Interesting, how do you know it was the actually the DOJ and not lets say Chinese or Russians using faked official looking letterhead to get a backdoor in your system. This is just an example of how government stupidity when it comes to com
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by yc1010 11y ago
Some small businesses might not turn a profit per se but if the owner(s) get a descent salary each month that might make them happy, the aim is not always to optimize profits for shareholders or get venture capital...
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by yc1010 12y ago
I can relate, EU VAT would be a prime example of needless bureaucracy and paperwork. All that time wasted collecting, calculating, paper shuffling around in order to get VAT right, is time not spent on actually running your startup Yes one
187.
by yc1010 12y ago
As a European the title of the article pretty much sums up why there is no Silicon Valley here in Europe. Politicians and bureaucrats think they can somehow create and run such an environment from "the top down", when what is need
188.
by yc1010 12y ago
You see a problem I see opportunities for banks to have regular (insured) current account linked to bitcoin payment system giving the consumer the option to pay using bitcoin direct from their current account if they so wish. Imagine a cons
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by yc1010 12y ago
You know whats even better than having a wallet full of cash and credit cards (which can be stolen, cloned etc and having to spend hours on the phone trying to convince your bank that no you really didnt go on a trip to eastern europe payin
190.
by yc1010 12y ago
You got it backwards it is the person I replied to earlier who claims that credit cards are superior because they have the "chargeback" feature. Most of the worlds commerce is done in cash, Bitcoin is very much like electronic cas
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by yc1010 12y ago
If you want to sell anything over the internet your choice is either credit cards (and wallets such as paypal build on credit cards) or bank transfer or bitcoin Once the again the keyword here is "choice" Bitcoin gives yet another
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by yc1010 12y ago
Bitcoin != Mt Gox The people using Mt Gox knew it was not an insured service and for most part ignored all warning signs for a long time that it was basically a scam. They CHOSE to trust a shady service with a ridiculous name for the storag
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by yc1010 12y ago
The consumer doesn't win, the consumer pays 1-3% more for everything than they should for good/services and the merchants ALWAYS endsup being shafted which leads them to raise prices more to account for fraud and chargebacks. The
194.
by yc1010 12y ago
While Bitcoin use is currently small the actual concept of a working "electronic cash" that negates the need for the credit card network with the use of cryptography and maths must be a serious threat to Visa/Mastercard since
195.
by yc1010 12y ago
Mass use of credit cards must be an American thing, here in Europe we actually do have descent consumer friendly payment methods (beside cash) in most countries and also fairly efficient Small Claims Courts. Visa/Mastercard must absolu
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by yc1010 12y ago
I like how the reason for "chargebacks" is often touted as "consumer protection" when the real reason it to line the pockets of the credit card duopoly and ensure the merchant always gets screwed. In many developed count
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by yc1010 12y ago
Ha thanks, good read! i suppose with 7 billion people on this planet and internet full of conspiracy its hard to come up with original theories anymore :)
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by yc1010 12y ago
Here is a crazy thought what if dark matter/energy is the result of advanced civilizations? The researchers looked for decrease in visible but increase of infrared radiation, what if highly advanced civilizations can actually make use
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by yc1010 12y ago
Irish here (to give a context for a long time this place was synonymous with terrorism) Quite a lot of Europeans scoffed at Americans in early 00s pointing (rightly) at the overreaction that followed such as {invading Iraq|Patriot Act|TSA c
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by yc1010 12y ago
Using t.co {url shortening|redirection} in his tweet is an anti-pattern which i found ironic
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by yc1010 12y ago
"Why are taxes not easier?" Because Revenue/Tax collection services in many countries operate on the principle of "guilty until proven innocent", they simply view every individual/company as being guilty by def
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by yc1010 12y ago
Search engines are partly at fault here, ranking older pages higher then for example stackoverflow threads with better solutions
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by yc1010 12y ago
I wasn't clear enough I now realize in my post, I meant supporting Hack language that comes with HHVM (type annotations etc) in PHP Storm
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by yc1010 12y ago
I would love to move onto HHVM and since mostly run own PHP code 3rd party code compatibility is not a problem, BUT unfortunately the editor I use (PHP Storm) doesn't yet support HHVM :( what editors do people that are using HHVM use?
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by yc1010 12y ago
Wow as heavy bootstrap user for years this Semantic UI one is quite a find, thanks!
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by yc1010 12y ago
Thats what makes Bitcoin (following r/Bitcoin daily) so exciting, its like the Wild West of technology. There is a window of a few years to make serious money here IMHO (legally and unfortunately illegally) before various organisations
207.
by yc1010 12y ago
In this case the attack is motivated by desire to suppress knowledge of a project hosted on Github, publicity is what they fear most... Now to get back to the OPs question: 1. Mainstream media might have too much to lose if they criticize C
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by yc1010 12y ago
Last I checked their API was useless, can anyone comment on upload/download speeds (i have 10gbit servers could use backup location)
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by yc1010 12y ago
Yeh my thought when I seen that was "...what could possibly go wrong..."
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by yc1010 12y ago
How would someone prove they are from China? It surely can not be just ip address or language setting based

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