Comments
Ariella
1/10/2018 9:15:56 AM
User Rank Author
Re: AT&T Positioning
@mhhf1ve just after I posted that comment, I saw this tweet:
mhhf1ve
1/10/2018 12:04:41 PM
User Rank Platinum
Re: AT&T Positioning
I saw that Long Island iced tea news... it's a bit crazy. I also saw somewhere that the "market cap" of all cryptocurrencies together is larger than some small countries' GDP now. The thing that I haven't seen... is market solutions for resolving fraud or user complaints regarding cryptocurrency transactions. I thought I read about some bitcoin escrow service, but.. I haven't seen much discussion about many people using it (especially since everyone mostly likes to talk about eliminating middlemen with blockchain tech, not improve middlemen).
Ariella
1/10/2018 12:35:55 PM
User Rank Author
Re: AT&T Positioning
@mhhf1ve blockchain tech is meant to assure authenticity. I'm sure it's not complete fraud-proof, but it can be used to reduce fraud. IBM posted an article on that: https://www.ibm.com/blogs/blockchain/2017/07/blockchain-for-fraud-prevention-industry-use-cases/
mhhf1ve
1/10/2018 1:58:31 PM
User Rank Platinum
Re: AT&T Positioning
That's the problem I see with widespread adoption of current cryptocurrencies-- there's no customer service. It's a bit of a double edged blade -- there's anonymity like cash, but it also has the problem that cash has of being easily lost without recourse. But even with cash, if you have partially burned or destroyed bills, you can turn it in to the government to try to get some of the value restored for you.
freehe
1/23/2018 9:21:58 PM
User Rank Platinum
Re: AT&T Positioning
@mhhf1ve. I agree. I think AT&T and Verizon are taking on too large a task and inflating their goals and estimates for 5G to remain on top. It will be interesting to see who implements 5G first and in what country.
freehe
1/23/2018 9:23:26 PM
User Rank Platinum
Re: AT&T Positioning
@mhhf1ve. I agree. I don't think any of the top players will meet their target goals. It is too large of an initiative to implement. If they do meet their target goals 5G features will be limited. Security will definitely be a lower priority.
freehe
1/23/2018 9:27:38 PM
User Rank Platinum
Re: AT&T Positioning
@Ariella @mhhf1ve, I agree. They will come up with some great excuses about why they couldn't meet their target. Transparency is probably not one of their company core values.
Ariella
1/24/2018 8:54:16 AM
User Rank Author
Re: AT&T Positioning
@mhhf1ve An advantage that it has over standard currency is its universality -- rather like the currency used across the galaxy in Star Trek. I wrote about that years ago here: https://www.coindesk.com/bitcoin-the-inter-galactic-currency-of-the-future/
mhhf1ve
1/24/2018 12:20:07 PM
User Rank Platinum
Re: AT&T Positioning
Hmm. The "universality" of bitcoin is a bit problematic, though, if you end up doing business with countries that are banned -- like North Korea or Syria (or Burma, Cuba, Iran, etc). I wonder how Wordpress has avoided legal trouble by accepting bitcoin from anyone?
Just because you *can* do something, doesn't mean you *should* do it....
Ariella
1/24/2018 12:31:30 PM
User Rank Author
Re: AT&T Positioning
@mhhf1ve but isn't the restriction for the countries more than the currency? I mean if they offered to pay another way, would the transaction still be afoul of the law?
If you ever had to deal with payments made from another country -- even just Canada -- you'd have run into hefty fees taken off by the bank that clears those payments that originate in another currency or just from a bank without a US branch. That is where having a currency without borders really makes a huge difference on how much of what they earn comes through the transaction for people. It's also an issue for merchants whose sales are on the small side so that credit card fees cut in significantly.
The reason why bitcoin is not working out well for that is because it has turned into a speculative instrument with roller-coaster movement rather than a steady, dependable form of currency.
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