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Old 11-27-2011, 10:28 PM   #1
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Arrow This 28-Year-Old Is Making Sure Credit Cards Won't Exist In The Next Few Years

http://www.sfgate.com/cgi-bin/articl...ar-old-is-.DTL
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Old 11-27-2011, 11:51 PM   #2
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Wow, interesting! I'd want to do a bit of research before I signed up, but I'm intrigued by the process! The fact that it's tied in so closely with Facebook concerns me, but that's my own personal problem!
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Old 11-27-2011, 11:54 PM   #3
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Wow, interesting! I'd want to do a bit of research before I signed up, but I'm intrigued by the process! The fact that it's tied in so closely with Facebook concerns me, but that's my own personal problem!
If you read the article more closely, you will see that Dwolla is not 'tied with' Facebook in any way. The inventor merely finds Facebook to be one easy method to connect with other Dwolla users.
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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Old 12-02-2011, 11:30 PM   #4
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No real explanation of how it works .

No critical comment of any kind by the journalist ( or publicist ) .

I remain skeptical and suspicious until I have good reason not to be .


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Old 12-03-2011, 12:24 PM   #5
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I just love a good entrepreneur! That kid really has it going.
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Old 12-09-2011, 02:48 PM   #6
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I prefer this method much more:

http://bitcoin.org/about.html

This bitcoin system is based on the P2P "bittorrent" style system - there is no central holder or distributor of a bitcoin. All of the other "crypto-currencies" have gone out of business - Flooz, http://en.wikipedia.org/wiki/Flooz.com, Beenz http://en.wikipedia.org/wiki/Beenz.com, and InternetCash http://en.wikipedia.org/wiki/InternetCash.com

There's no company that can go out of business and leave you holding your "flooz".
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Old 12-09-2011, 02:51 PM   #7
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I prefer this method much more:

http://bitcoin.org/about.html

This bitcoin system is based on the P2P "bittorrent" style system - there is no central holder or distributor of a bitcoin. All of the other "crypto-currencies" have gone out of business - Flooz, http://en.wikipedia.org/wiki/Flooz.com, Beenz http://en.wikipedia.org/wiki/Beenz.com, and InternetCash http://en.wikipedia.org/wiki/InternetCash.com

There's no company that can go out of business and leave you holding your "flooz".
http://www.forbes.com/sites/timothyl...bitcoin-crash/

The Bitcoin Crash

No, thanks! People that trusted the bitcoin system got raped when it tanked.
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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Old 12-09-2011, 04:49 PM   #8
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http://bitcoincharts.com/charts/mtgo...gCzm1g10zm2g25


Gotta look at the bigger picture. This bitcoin currency isn't even a year old, and it's sure to be very volatile. I'm just saying that i think that as an alternate currency, i think bitcoin has the best solution. You dont need to trust that a managed company holding all your flooz/beenz/whatever won't go belly up.
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Old 12-09-2011, 04:59 PM   #9
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http://bitcoincharts.com/charts/mtgo...gCzm1g10zm2g25


Gotta look at the bigger picture. This bitcoin currency isn't even a year old, and it's sure to be very volatile. I'm just saying that i think that as an alternate currency, i think bitcoin has the best solution. You dont need to trust that a managed company holding all your flooz/beenz/whatever won't go belly up.
There is zero volatility in money transfer systems like Dwolla. Bitcoin is vulnerable to a crash in value at any moment. Last time it crashed because hackers were able to get in and steal peoples' money. Bitcoin is unsafe and unsound. That is 'the bigger picture'.
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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