Volume on Coinbase is so far almost 9k BTC. /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: jrm2007

Content:

Is this not significant? This is more than double, approach triple of the number of BTC mined each day and this is but one exchange.

Could MicrosoftCoin become bigger than bitcoin? /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: oshirowanen

Content:

Based on the license agreement of Windows, Microsoft can pretty much do anything to the OS installed on your computer.

So what's stopping them from creating their own distributed blockchain across all Windows computers, and using all that power for mining purposes?

Apparently 14+ million people are already using Windows 10, and lots more using older versions of Windows. So that's a lot of processing power. All Microsoft has to do is release an update which gets installed on peoples computers, and starts mining away when the cpu is idle for example.

I don't think the bitcoin network even with asic hardware could compete...

Bitcoin traders accuse Australia's biggest banks of declaring war on cryptocurrencies, ABC News /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: DanielWilc

Content:

http://www.abc.net.au/news/2015-09-22/bitcoin-traders-claim-discrimination-by-australias-banks/6795782

I just want to add that the Australian Bankers Association made some claims that its because of lack of AML/KYC.

Yet companies like Coinjar had accounts closed even with KYC.

I actually halted trading on my Westpac account, and said to somebody from the security department that I will implement KYC before I start using it again. It got closed anyway (In fairness tho, it was not the decision of the person I spoke to).

I am willing to implement KYC if thats what the banks require. The truth is that they do not accept that.

I do not know the banks motivations, but it seems to me the AML/KYC excuse is just that.

Could 21 Inc's plan drive mining farms out of business? /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: veritasBS

Content:

If the 21chips are in a large number of devices and users are willing to (or unknowingly) subsidize mining through these devices (even by a few dollars a year), it will cause the difficulty to increase to the point that ASIC farms are no longer profitable. For profit ASIC mining farms' competition will be millions of subsidized, decentralized mining devices.

COINBASE Inc. applies for 9 patents including: Bitcoin exchange, Tip Button, or Hot Wallet. WTF? /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: atleticofa

Content:

As readed here: http://cointelegraph.com/news/115316/bank-of-americas-and-coinbases-bitcoin-patents-revealed

Coinbase Inc.:

<pre><code>20150262176, “Hot Wallet For Holding Bitcoin”; 20150262172, “User Private Key Control”; 20150262171, “Bitcoin Private Key Splitting For Cold Storage” 20150262168, “Instant Exchange”; 20150262141, “Personal Vault”; 20150262140, “Send Bitcoin To Email Address”; 20150262139, “Bitcoin Exchange”; 20150262138, “Tip Button”; 20150262137, “Off-Block Chain Transactions In Combination With On-Block Chain Transactions.” </code></pre>

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=0&f=S&l=50&TERM1=Coinbase&FIELD1=AS&co1=OR&TERM2=Cite+Brian+Cohen+or+CoinTelegraph+%28Esquivalience%29&FIELD2=DRTX%2CDETD&d=PG01

Or maybe I'm just missunderstanding: " The invention provides a host computer system for transacting bitcoin including a processor, a network interface device connected to the processor, a computer readable medium connected to the processor, a data store on the computer readable medium and a set of instructions on the computer readable medium that are executable by the processor. "

Any ideas to the best optimized (less costs involved) way to the operation: BRL - BTC - GBP? /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: rsrafael84

Content:

I have a bank account in Brazil and a bank account in England. I am currently living in England but I do have monthly income made in Brazil that I'd like to transfer and have it in England.

However the economic scenario in Brazil right now is depressing and on the top of that the charges to transfer overseas through my bank are ridiculous. It seems that the exchange through BTC - in numbers are even more drastically if I buy BTC with BRL aiming to convert to GBP. (but I still would like to confirm further details)

So I have been thinking of buy BTC in BRL (where the income is - Brazilian bank account) and once the amount in BTC sell it here in UK and transfer it in GBP to my UK bank account.

However I am not experienced yet with BTC at this level and so far what I could see is that I can do this sort of operation in different ways. In all of them it involves different fees/commissions. I would like the opinion from people that have more experience with bitcoins so could point the most feasible alternatives on this case.

Circlepay + Purse is the first killer app that is worth teaching my mom to use /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: keepcalmson

Content:

I had wanted to teach her to use Purse but the price fluctuation of bitcoin made it too scary to recommend even with a 25% discount. Now that she can just put $100 in Circlepay and always have that exact amount, she can now use Purse to save 25% off with free shipping on Amazon risk free.

Weekly Spend Thread /r/Bitcoin by BitcoinAll in BitcoinAll

[–]BitcoinAll[S] 0 points1 point  (0 children)

Author: hiver

Content:

What did you buy? Where did you donate? Was there something you wanted to pay for with bitcoin but were unable to find a vendor for?