The best use for blockchain technology right now is suckering venture capitalists.
On Wed, Jan 31, 2018 at 8:18 AM, Jack Coats <[email protected]> wrote: > If you want a way to not allow 3rd parties to 'skim as much', as 3% off, I > suggest getting a 'cash back' charge card. Discover give 1% back plus 5% > on 'special items' at different times of the year, ... Sams's Club card > gives 1% on everything, 1.5% at restaurants, 3% on gas, pretty much > everywhere (from Synchrony Bank?), Fidelity Investments has 2% cash back > if you use their services. Others are out there, these are ones I know > about off the top of my head (some details may vary from my reality). > > No, it does not 'cut them out', but it does get you some of your money > back. > > It is a 80-20 solution as we all tilt for the 'no fee for anything' > solution! <grin> > > On Sat, Jan 27, 2018 at 10:23 PM, Csaba Toth <[email protected]> > wrote: > >> I really want a digital currency where VISA or other third parties don't >> skim 3% off (which is outrageous in my opinion, but that's what everyone >> else settles, like PayPal, Stripe, Square, etc), and also privacy >> preserving. >> Putting everything out on a ledger for everyone to see is on one hand >> beneficial for verification, but also makes privacy protection hard. That's >> why the purse systems are so complex. Like you'd have to buy a new purse >> every single time you make a purchase... >> I don't see how Bitcoin can compete with wide spread payments systems as >> it is now. The "mining" infrastructure consume unreasonable amount of >> energy, the transactions take way too long, and as the demand spikes even >> the transaction fees can be high, especially if someone wants the >> transaction to execute in less than a few days (WTF!), or would like to buy >> a lollipop for $3 value. I know we can monkey patch it and there are >> multiple ways to make a Frankenstein which may work *somewhat* better >> (multiple directions are in the making), but at least it gave enough >> ammunition for the future currencies to correct pitfalls. >> >> Anyway, here is reading from the skeptic side which worth the time: >> https://hackernoon.com/ten-years-in-nobody-has-come-up-with- >> a-use-case-for-blockchain-ee98c180100 >> >> Cheers! >> >> >> On Sat, Jan 27, 2018 at 7:10 PM, Jack Coats <[email protected]> wrote: >> >>> Outside of cryptocurrencies, what are the other uses of blockchain >>> technology? Is this an area folks like us should look into? >>> There is a lot of hype about it, but nothing more than folks >>> regurgitating the name bitcoin as a mantra that I can find. >>> >>> On Sat, Jan 27, 2018 at 8:50 PM, Howard White <[email protected]> wrote: >>> > Jack brings up and interesting point. Many countries with >>> instability, i.e. >>> > Venezuela, Zimbabwe and others, the risk of Bitcoin is less than the >>> risk of >>> > the local currencies. Something of a moral hazard in the bigger >>> scheme of >>> > things. >>> > >>> > Howard >>> > >>> > >>> > On 01/27/2018 06:43 PM, Jack Coats wrote: >>> >> >>> >> IMHO, if bitcoin is your base currency, it's value doesn't matter as >>> >> much as if it is a secondary currency (which it is). Most people >>> >> deal with $$, Euro, pounds sterling, or whatever as their base >>> >> currency, and 'trade' in other currencies (bitcoin, stocks, bonds, >>> >> foreign currency, etc) >>> >> >>> >> When dealing with secondary currencies (bitcoin, stocks, bonds, gold >>> >> bars, diamonds, foreign country currencies, or any other >>> >> 'investment'), never 'bet more than you can afford to loose'. >>> >> >>> >> Just my thoughts. >>> >> >>> > >>> >>> >>> >>> -- >>> ><> ... Jack >>> >>> The Four Boxes of Liberty - "There are four boxes to be used in the >>> defense of liberty: soap, ballot, jury and ammo. Please use in that >>> order." >>> "Whatever you do, work at it with all your heart"... Colossians 3:23 >>> "Anyone who has never made a mistake, has never tried anything new." - >>> Albert Einstein >>> "You don't manage people; you manage things. You lead people." - >>> Admiral Grace Hopper, USN >>> "The most dangerous phrase in the language is "We’ve always done it >>> this way"-- Admiral Grace Hopper, USN >>> "Tell me and I forget. Teach me and I remember. Involve me and I >>> learn." - Ben Franklin >>> >>> -- >>> -- >>> You received this message because you are subscribed to the Google >>> Groups "NLUG" group. >>> To post to this group, send email to [email protected] >>> To unsubscribe from this group, send email to >>> [email protected] >>> For more options, visit this group at http://groups.google.com/group >>> /nlug-talk?hl=en >>> >>> --- >>> You received this message because you are subscribed to the Google >>> Groups "NLUG" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> For more options, visit https://groups.google.com/d/optout. >>> >> >> -- >> -- >> You received this message because you are subscribed to the Google Groups >> "NLUG" group. >> To post to this group, send email to [email protected] >> To unsubscribe from this group, send email to >> [email protected] >> For more options, visit this group at http://groups.google.com/group >> /nlug-talk?hl=en >> >> --- >> You received this message because you are subscribed to the Google Groups >> "NLUG" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> For more options, visit https://groups.google.com/d/optout. >> > > > > -- > ><> ... Jack > > The Four Boxes of Liberty - "There are four boxes to be used in the > defense of liberty: soap, ballot, jury and ammo. Please use in that order." > "Whatever you do, work at it with all your heart"... Colossians 3:23 > "Anyone who has never made a mistake, has never tried anything new." - > Albert Einstein > "You don't manage people; you manage things. You lead people." - Admiral > Grace Hopper, USN > "The most dangerous phrase in the language is "We’ve always done it this > way"-- Admiral Grace Hopper, USN > "Tell me and I forget. Teach me and I remember. Involve me and I learn." - > Ben Franklin > > -- > -- > You received this message because you are subscribed to the Google Groups > "NLUG" group. > To post to this group, send email to [email protected] > To unsubscribe from this group, send email to nlug-talk+unsubscribe@ > googlegroups.com > For more options, visit this group at http://groups.google.com/ > group/nlug-talk?hl=en > > --- > You received this message because you are subscribed to the Google Groups > "NLUG" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- Michael Darrin Chaney, Sr. [email protected] http://www.michaelchaney.com/ -- -- You received this message because you are subscribed to the Google Groups "NLUG" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/nlug-talk?hl=en --- You received this message because you are subscribed to the Google Groups "NLUG" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
