slow your roll young fella, still got a long way to go

Wait for Facebook or Apple to jump on the bandwagon first, or some other tech giant. Possibly Google, in response to banks rejecting NFC payments.


http://www.chyp.com/media/blog-entry/different-dreams-about-the-future-of-pos

I just wonder if and how the network could hold up against mass adoption.

Even if they did, is the tech mature enough to handle the load? Also, a fork's improvements could be re-introduced back into the core, right?

I can think of no reason why any corporation would want to launch a peer-to-peer open source commodity like Bitcoin, what would be the point of such a thing? They would see the point of using bitcoins, but founding them in the first place, let alone a competitor... if I were CEO I would fire the guy that suggested the idea on the spot. Bitcoin is an example of why the market cannot produce everything that is needed.

It took dreams and cryptohead-love to create bitcoin, and ideology to sweep it forward. Founding a Bitcoin wouldn't make sense for a company to do, at best they'd probably get sued or Liberty-Reservified.

It may have taken dreams and cryptohead-love to create bitcoin but never underestimate corporate greed. Whether they go down the path of p2p and open source or not is a question of how they seek to profit from it. I don't see it as an expensive foray, an app running on every bodies computer via their portal isn't a mean task, and getting sued? by whom?  If I were some CEO i'd be at least tempted to evaluated a possibility to exploit such technology.

Correction: Bitcoin is an example of why the market can produce everything that is needed.

~ 5% of worlds money supply

I don't think anyone has said that government is in the business of invention.

Although US government defense expenditure on technology research can be thanked for this conversation.

Governments did not invent locomotives, but decades after the invention of the railway governments all over the world spent taxes laying tracks and buying rolling stock. So what, why is that bad? People need transport, people pay taxes, why not taxes build the transport people need? Still a matter of paying for stuff, what's the gripe? Paying for evil things like napalming children ok yes, definitely sucks. It's like the argument the NRA uses about guns really...

Governments don't kill people, politicians do. It's a matter of where you point it and why. Government is just a machine made of taxes. Some thing's it's good at, other things better left to free-enterprise.

Either way it's still the market as in many cases government is Customer and/or Employer #1. So what.