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Domain: bitcoinfoundation.org

Stories and comments across the archive that link to bitcoinfoundation.org.

Comments · 5

  1. Re:For fuck's sake by Anonymous Coward · · Score: 0 · on The Apache Software Foundation Now Accepting BitCoin For Donations

    But if you're going to spell the name of a product/technology then please find out how to spell it first.

    "BitCoin" is the proper spelling, dipshit.

    According to who? The Bitcoin Foundation doesn't agree with you.

  2. Bitcoin main developer warning by fabrica64 · · Score: 1 · on Expedia To Accept Bitcoin

    https://bitcoinfoundation.org/...

  3. Transaction Fees Change by Bob9113 · · Score: 4, Insightful · on Researchers Find Problems With Rules of Bitcoin

    Such changes could be difficult to implement, given the fact Bitcoin - by design - lacks any central authority." The main problem discovered is that transaction fees do not provide enough incentive to continue operating as "miner" after there are no more bitcoins left to be mined.

    I'm not sure that is an accurate reflection of the research, but if it is, it is not very good research. Transaction fees can change, and have changed. The minimum transaction fee changed from 0.0005 BTC to 0.0001 BTC during the runup to $1100, to keep transaction fees low enough for small transactions. There is a central organization, The Bitcoin Foundation, whose authority is explicitly derived from consent of the governed; the miners and users choose to update their software to match recommendations by The Bitcoin Foundation.

    If that summary is an accurate reflection of the research, it sounds like they don't really know much about how Bitcoin works. I mean, I know that much, and I've only spent a few hours reading about it.

  4. Re:Future regulation by Anonymous Coward · · Score: 0 · on California Sends a Cease and Desist Order To the Bitcoin Foundation

    The foundation does not handle or transfer funds any more than meteorologists control the winds.

    They handle funds.

  5. Not a money transmission business by PPH · · Score: 1 · on California Sends a Cease and Desist Order To the Bitcoin Foundation

    From its website, the Bitcooin Foundation "standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide". I don't see where it engages in money transmission.

    Mt Gox is an example of an exchange. Except they are a Japanese company, over which the state of California has no authority. And perhaps not even the US Treasurey department. The transmission of Bitcoin is being handled by AT&T, other ISPs and Internet backbone operators. It is these companies that are enabling the movement (transmission) of Bitcoin and who should be penalized.