Finnish National TV Broadcaster Starts Sending Bitcoin Blockchain
New submitter Joel Lehtonen (3743763) writes "The Finnish national digital TV broadcaster Digita is co-operating with startup company Koodilehto to start transmission of Bitcoin blockchain and transactions in Terrestrial Digital TV (DVB-T) signal that covers almost the entire Finnish population of 5 million people. The pilot broadcasting starts September 1st and lasts two months. The broadcast can be received by a computer with any DVB-T adapter (like this $20 dongle). A commercial production phase is planned to begin later this year."
Which came first, the ponzi scheme or the rube?
So how precisely is this useful? It allows both Alice and Bob to confirm Alice indeed sent X BTC to Bob. But if Alice is going to send Bitcoins to Bob anyway, then she need to have some means of uploading the details of her transaction.
The point of the service is you can use cheap and small receivers on embedded systems to confirm transactions, for example for vending machines etc. The mobile internet coverage is not as wide as radio signal, nor is it as cheap.
They might want to mention why someone might do such a thing... and no I won't RTFA, this is slashdot. Include the important stuff in the summary.
Finnish TV sending money over the airwaves to their customers? :-)
BTW I had a Scandinavian girlfriend at some time, but I don't know exactly which country she was from, but definitely not from Finland, because each time when we were having sex, she yelled: No, no, I'm not Finnish!
Is there a point to this stunt? It just sounds like more mindless bitcoin boosterism to me.
Go to :
https://twitter.com/shit_rbtc_says
for some of the funniest bitcoin nonsense you've ever read.
I'd prefer good zombie movie where Aaron Swartz has risen from the dead and is breaking into people's houses so he can hook up his laptop to their LAN to continue downloading from JSTOR.
It cannot be controlled or taxed, So soon the legistlators will make bitcoin illegal. For the benefit of the consumers of course. They are just slow.
Now the waste that was artificial computing problems with no scientific or tangible value moves to wasting broadcast time too. Bitcoin makes me thankful for VISA and Paypal, which is hard to make me do. At least VISA will reverse phoney charges, settle disputes, and comply with court orders.
(* note, tangible as opposed to intangible)
Although USD lost it "gold standard", but replaced it with "lead standard". That is the real intrinsic value. The US government wants taxes to be payed un USD. If you dont pay your taxes, the have a lot of weapons that fires lead that forces you to pay your taxes in USD.
Thas the real "intrinsic value" for USD, that Bitcoins lacks.