> > This device (or others like it?) might make the difference... A fully > wireless/electronic/mostly?-secure electronic-debit system? > A few months back my friend paid for our high-speed cab ride (to catch my train...unsuccessfully) with Square. I had heard people talk about it on the lists (The three sisters? Do we have a better name? Anyway, FriAM, Discuss, and WedTech) but not seen it in use, and I was impressed with how *informal *it seemed to make payment.
> If/when KickStarter, IndieGoGo and most auspiciously Amazon accept BitCoin > as a currency, I think we'll see the bubble inflate some more and the stock > for these companies (are K and I even publicly traded?) inflate along with > it. > Neither are publicly traded: IndieGoGo<http://www.privco.com/private-company/indiegogo> & Kickstarter<http://gamepolitics.com/2012/11/06/kickstarter-ceo-no-plans-ipo-selling-company#.Up-gsnZDtkU> . > In the theory of "frictionless money", BitCoin might be about to reduce > the Newtons/Newton ratio significantly. > But can one buy Fig Newtons in BTC yet? > BitCoin seems to be at least open/transparent with the "transaction fees" > going to the people doing the work to manage the system (self-organized, > distributed BitCoin Minters) rather than to the arbitrary monopolizers of > the infrastructure. > I do not think 'miners' (rather than 'minters') is an inappropriate analogy; at least in principle, a miner of something like gold is someone who is rewarded for feeding the supply of material by which value is exchanged, which matches BTC miners more or less accurately. -Arlo
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