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Paypal Jumps Into Bitcoin With Both Feet

JcMorin "it could be shut off" (132 comments)

You said "Yes I understand that was BC's whole thing" and "it could be shut off". Get back to white paper and understand why Bitcoin CAN'T be shut of. The same way you can't shut off torrent, email or TCP/IP. Protocols do not die or get "shut down", once invented they are either used or not.

about a week ago

Paypal Jumps Into Bitcoin With Both Feet

JcMorin PayPal steal your bitcoin (132 comments)

Indeed, if you don't hold the private key, then the bitcoin are not really yours. Paypal can and will prevent some big transaction or some transfer to some company (gambling/sex/drug/weapon/investment/risky business) and some countries blacklisted by the US Gov. But that doesn't affect much Bitcoin. Paypal just add one convenient way to reach thousands of company that will be able to accept it right away.

about a week ago

Paypal Jumps Into Bitcoin With Both Feet

JcMorin Re:Can someone clarify the state of BitCoin? (132 comments)

Bitcoin use the same cryptography that SSL, certificate and most every encryption system (Private & Public key). If you managed to crack this you got a lot more than just bitcoin, you got access to almost everything on the planet. The data inside the blockchain are not encrypted at all, the encryption is only used to prove you're the ownership of an address (so you can transfer the Bitcoin to another).

about a week ago

Euro Bank Santander Commissions Study On Bitcoin's Impact On Banking

JcMorin Conclusions: give us control over bitcoin (50 comments)

The good news is that bitcoin has been design so nobody can control it. Good luck with that banks!

about three weeks ago

Oracle Hasn't Killed Java -- But There's Still Time

JcMorin JAVA EE is not dead. (371 comments)

You means Java try to follow C# only adding same features couple years after? C# is open source ( both the framework and the compiler and ECMA and ISO standard. Java have none of that. Many companies can develop competing runtime environment (mono) with help of Microsoft while in Java you get sue.

about a month ago

Dell Starts Accepting Bitcoin

JcMorin Until dell can pay it's bills with Bitcoin.... (152 comments)

Of course they are converting it, but if they have a supplier in China that will accept Bitcoin too and they want prefer using Bitcoin to save days and thousands of $ in processing fees. Have you ever done an international wire transfer? It's long and painful while Bitcoin is free and instant. Nobody expected the market to change at once, just like the email didn't remove all fax machines at once, but 1 at the time.

about 2 months ago

Uber Is Now Cheaper Than a New York City Taxi

JcMorin Re:And in other news (139 comments)

That's a nice starting advantage!

about 2 months ago

Tractor Beam Created Using Water Waves

JcMorin agree (71 comments)

I agree, in todays world, such claim need to be backed by something like a video...

about 2 months ago

Investor Tim Draper Announces He Won Silk Road Bitcoin Auction

JcMorin inflation is not related to economy growth (115 comments)

Inflation is the increase of the money supply, this lead to price increase. Bitcoin is great because it is a controlled inflation currency. We all know how many bitcoin are created every 10 minutes and that for the next 100 years. You have no clue how may trillions USD will be printed in the next 10 years.

about 2 months ago

Winners of First Seized Silk Road Bitcoin Auction Remain Anonymous

JcMorin No exchange at all (88 comments)

Since it's a big volume, picking one particular exchange would disturb the price of Bitcoin temporarily. That's why they decided to auction them instead. They could have sold it to the market, but to be wise the would should to sell like 10 BTC per hours unless they willing to go into [bigger] Chinese exchanges... The beauty of bitcoin is that you don't need clearing house, exchange or bank. You can trade them directly.

about 2 months ago

Latin America Exhausts IPv4 Addresses

JcMorin Re:Y2K (197 comments)

Yeah soon you won't be able to go on the internet!

about 3 months ago

As Crypto Mining Grows, Data Centers Begin Accepting Bitcoin

JcMorin Re:Why would they accepts fantasy money? (94 comments)

Monopoly money can be print a zillion time, making it a bad choice. Bitcoin is limited and controlled... that's why it can be used as a currency. Before saying anything stupid, read how the blockchain, proof or works and distributed decentralized consensus works in Bitcoin and you will understand why it's a great invention.

about 3 months ago

Rand Paul Suggests Backing Bitcoin With Stocks

JcMorin Bad idea, backed by something is bitcoin death... (404 comments)

The second your backed by something, there is an authority. Gold? Who own/store the gold, what if the gold get stolen or seize? Backed by stocks? Who own the stocks, on what market? What about stock owning regulation? No! The idea is to having something you can trade without the paperwork, anywhere to anywhere for anything, from a phone instantly & borderless. If you like a backed currency, try your own and let the Bitcoin experient goes... time will tell!

about 4 months ago

Firefox 29: Redesign

JcMorin did you checked the video? (688 comments)

According to the video you can select the icons and menus you want to display in the toolbar... that include all the addons/plugins/extensions too. What customization has been dropped?

about 5 months ago

Five-Year-Old Uncovers Xbox One Login Flaw

JcMorin What kind of code that do that? (196 comments)

I means what kind of code can allow a space password to be approved... the MD5 didn't surely checked... oh wait... another buffer overflow because the length of the password that too big? Why the space? It is a like a backdoor the developer forgot to removed?

about 5 months ago

US Court Freezes Assets of Mt. Gox CEO

JcMorin Re:Interesting parallel (132 comments)

The government did seize twice 5 millions in cash from Mt. Gox banks account. Giving back this money would be a good start.

about 6 months ago

MtGox Files For Bankruptcy Protection

JcMorin Re:its a problem that exists BY DESIGN (465 comments)

Of course it's by design, if you pass a $100 bill to someone and he run, you lost it and can't have it back. It's the same thing with Bitcoin. Bitcoin is design to put the power in the hand of the people rather than in the bank like the traditional system. If you trust a company to hold your bitcoin you have the risk of losing them. You nailed it, you disagree with the design, but only time will tell if Bitcoin is good or not.

about 7 months ago

MtGox Files For Bankruptcy Protection

JcMorin Re:gambling (465 comments)

Knowing all the problems that Mt.Gox created BEFORE they stop the withdrawal (ddos, bank delays, bad PR, bad code). My best guess is that most people that had coins there were speculators (because the price was higher because of the delayed bank transfer). Real Bitcoin users don't keep their bitcoins in an exchange but on their device. I still feel sorry for everyone that lost something, but life goes on and other exchanges will add more transparency about their reserve and better software code.

about 7 months ago

Quebec Language Police Target Store Owner's Facebook Page

JcMorin Re: Best Buy as a local store (506 comments)

I assume you are an american so I've use one company that you know but name sell electronics. For your information Best buy DO have local store near me that employ local people. Americans don't travel the border state everyday to do work in all Best Buy in Canada :) I could have name a small company that you have no clue what it is... what's the difference?

about 7 months ago


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