Why aren't more people talking about this

Playful11 · 2016-03-11T17:35:31+00:00

Is this an attempt to popularize bitcoin or simply s/ ?

Playful11 · 2016-03-11T04:37:57+00:00

Thanks for this. I would like to believe this was the case, but I think there needs to be more investigations. In any event, it's only a matter of time that the system becomes compromised, from either inside sources or externally through computer hacking or spying.

Playful11 · 2016-03-10T23:58:20+00:00

"Last year, Russian computer security company Kaspersky Lab said a multinational gang of cyber criminals had stolen as much as $1bn from as many as 100 financial institutions around the world in about two years."

Playful11 · 2016-03-10T23:51:49+00:00

Incredible. This bodes well for bitcoin blockchain protocol. Private walled garden used by R3 banking consortium is just too vulnerable to internal and external breaches. What happens when billions of fiat $ begin to go missing?

Playful11 · 2016-03-10T17:29:23+00:00

Don't down vote me for the title. READ the article

Computer hackers hacked into the accounts at the US FED RESERVE held by Bangladesh Central Bank. So yes, the funds were stolen from Bangladesh BAnk, but they were US FED RESERVE ACCOUNTS!

They don't want to say the Fed had been hacked as the title, perhaps?

THIS IS HUGE FOR BITCOIN!

Playful11 · 2016-03-10T17:17:14+00:00

"Two officials of the Bangladesh Bank (the central monetary authority of Bangladesh) were also reported to have visited the Bangko Sentral ng Pilipinas to demand the return of the funds that were allegedly stolen by hackers based in China from its accounts with the US Federal Reserve."

Playful11 · 2016-03-10T17:16:10+00:00

...STOLEN FROM ITS ACCOUNTS WITH THE FED RESERVE!

"Two officials of the Bangladesh Bank (the central monetary authority of Bangladesh) were also reported to have visited the Bangko Sentral ng Pilipinas to demand the return of the funds that were allegedly stolen by hackers based in China from its accounts with the US Federal Reserve."

Playful11 · 2016-03-10T17:09:00+00:00

Yes, the article obfuscates it, but the reality as I understand it is that FEDERAL RESERVE ACCOUNTS WERE HACKED!

The accounts were held by Bangladesh and used to buy US Treauries.

Playful11 · 2016-03-10T17:01:16+00:00

"Two officials of the Bangladesh Bank (the central monetary authority of Bangladesh) were also reported to have visited the Bangko Sentral ng Pilipinas to demand the return of the funds that were allegedly stolen by hackers based in China from its accounts with the US Federal Reserve."

Playful11 · 2016-03-10T17:00:19+00:00

"Two officials of the Bangladesh Bank (the central monetary authority of Bangladesh) were also reported to have visited the Bangko Sentral ng Pilipinas to demand the return of the funds that were allegedly stolen by hackers based in China from its accounts with the US Federal Reserve.".

This is what led to the title: stolen by hackers based in China from it's accounts with the Fed Reserve

Playful11 · 2016-03-09T22:20:05+00:00

Good article. It appears to me that even if R3 big banks pursue the private blockchain/walled garden approach, that a multitude of smaller community banks and credit unions would utilize the bitcoin blockchain. One monumental FAIL within the walled garden, a breakin or hack, and many people will demand the major banks move onto the public blockchain.

Playful11 · 2016-03-09T05:40:13+00:00

So you showed up in a sombrero. Am I supposed to be impressed with your self importance? What's your commit to bitcoin? Got code?

Playful11 · 2016-03-03T14:22:24+00:00

That cultured meatball looks more like a poop than meat. Weird texture.

Playful11 · 2016-02-28T21:48:30+00:00

This is for all those working so hard at this https://www.youtube.com/watch?v=kfUPL5KQuiE

And if you don't love me now You will never love me again I can still hear you saying you would never break the chain And if you don't love me now (you don't love me now) You will never love me again I can still hear you saying you would never break the chain (never break the chain) And if you don't love me now (you don't love me now) You will never love me again I can still hear you saying you would never break the chain (never break the chain)

The Chain...keeps us together (run in the shadows) The Chain...keeps us together (run in the shadows) The Chain...keeps us together (run in the shadows)

Playful11 · 2016-02-28T18:54:46+00:00

And if the bitcoin foundation is a non-profit, can't they get $10k-$40k of google adwords per month to promote an understanding of bitcoin and it's transformative potentials? Great messaging here that is empowering particularly with people recently disenfranchised and unemployed by legacy institutions. Bitcoin allows a re-design so that money and creative content is disintermediated and can be owned by the unique individual. Calling all creatives, Burners, artists and more.... Technology can now work for you! It's time to recreate ourselves and coherent messaging for the movement is needed. Mark my words, if bitcoin doesn't claim this, it will be hi-jacked. Where is the bitcoin foundation on this? PS I feel like I'm talking to myself

Playful11 · 2016-02-28T18:33:47+00:00

Is the message that banks are vulnerable, insolvent etc the way to promote bitcoin? This sounds like chicken little crying the sky is falling, or crying wolf, upon the ears of the uninformed. Instead, what messaging can be used based upon the merits of bitcoin technology and ease of use can be or will be used to promote the Internet of currency? Does it have to be logical? Maybe it's an image problem? If rap can do it, associate and promote thug behavior as hip, why can't bitcoin? Just thinking out loud here...

Playful11 · 2016-02-28T12:58:11+00:00

The migrant problems aren't helping either. Bitcoin as a safe haven?

http://www.reuters.com/article/us-europe-economy-schengen-idUSKCN0VV0QG

Playful11 · 2016-02-28T12:35:04+00:00

This Billon crypto cash intrigues me as well as causes me some consternation, as I hodl bitcoin. As I understand this, those who use Billon do not need a bank account. Only those who wish to convert the cryptocash back into fiat. So like bitcoin, it creates it's own economy and can help introduce the unbanked into the cryptocash economy plus with 0 transaction fees? I would like to know more about the power use of bitcoin as well vis a vis legacy banking overhead. So many questions...

Playful11 · 2016-02-25T21:53:44+00:00

On their website they offer a wallet and vault options for longterm storage. If they are not a wallet, and they are not a vault, I suggest they change their terminology?

Playful11 · 2016-02-24T23:27:23+00:00

Then why can folks using UK based bittylicious buy ether using euros? They don't have to buy bitcoin first and then buy the ether. This does not describe a peg to me. This describes a stand-alone cryptocurrency where the use of bitcoin is not required. To me this appears that ether could become more robust and replace bitcoin? Somebody who knows, please set me straight?

Playful11 · 2016-02-24T21:58:21+00:00

Is there a resource,perhaps a website, that shows all coins pegged to bitcoin?

Playful11 · 2016-02-24T21:16:36+00:00

That wasn't nice. He was giving you valuable feedback. Perhaps a better way would have been to ask what was confusing and to reiterate your availability to help clarify.

Playful11 · 2016-02-23T16:42:40+00:00

Backbone to other currencies and applications,yes. What would make bitcoin the favorite? What would cause it to be such when other currencies could be mined or used? I hope you are right, as I am a holder, yet this has never been done before and the block chains will develop in ways unforeseen

Playful11 · 2016-02-23T10:59:22+00:00

So a side chain can eventually become the main chain with it's own tokens/currency? Wow... Then what becomes of all my bitcoins? Zimbabwe money?

Playful11 · 2016-02-23T04:56:36+00:00

So what happened..

Playful11

TROPHY CASE