Official Bitcoin Thread

[ahat]

need xrp to get back up

Sti holding a lil bag over here too

 

[PRIME]

Mastercard Wins Patent for Speeding Up Crypto Payments

https://www.coindesk.com/mastercard-wins-patent-for-speeding-up-crypto-payments/

Payments giant Mastercard may be looking to speed up cryptocurrency transactions by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies, according to a newly-published patent.

The document, published today by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have "seen increased usage over traditional fiat currencies by consumers who value anonymity and security," the wide disparity in payment processing times between the two classes of assets puts cryptocurrencies at a "disadvantage."

"There is a need to improve on the storage and processing of transactions that utilize blockchain currencies," the patent claims.

It goes on to explain:

"It often takes a significant amount of time, around ten minutes, for a blockchain-based transaction to be processed ... Conversely, traditional fiat payment transactions that are processed using payment networks often have processing times that are measured in nanoseconds … Therefore, many entities, particularly merchants, retailers, service providers, and other purveyors of goods and services, may be wary of accepting blockchain currency for products and participating in blockchain transactions."

To reduce these transaction times, the company would be offering a new type of user account able to transact in cryptocurrencies but pegged to a fiat currency. This account would link a series of profiles able to identify a user's "fiat currency amount, a blockchain currency amount, an account identifier and an address." The transactions themselves would use the fiat currency's payment rails and security features, but each transaction would represent a cryptocurrency.

Mastercard also adds that by processing transactions made with cryptocurrencies in this way, "payment networks may be able to evaluate the likelihood of fraud and assess risk for blockchain transactions using existing fraud and risk algorithms and information that is available to payment networks, such as historical fiat and blockchain transaction data, credit bureau data, demographic information, etc., that is unavailable for use in blockchain networks."

Indeed, this is not the first time Mastercard has expressed interest in addressing consumer protection in the space of crypto, having applied for a separate patent last year looking at building refund services for cryptocurrency transactions.

 

[reputory]

Like fap and others have been saying the past few months, the writing is on the wall. Just because the market is in a downtrend doesn’t mean progress has stopped.

BTW I got my old, super conservative professor to look into crypto and blockchain. One class he said “I heard governments can shut it down *snaps fingers* just like that”, the next class he’s telling a logistics student that they have these cheap chips to track manufacturing and distribution on the blockchain.

 

[PRIME]

Ah the good ol' "but the government..." theories from old people

 

[joe billionaire]

Robinhood placed dogecoin available today bought 6k coins with what I had left over lol

 

[tkthafm]

 

[fapmasterjr]

Its probably a FLUKE...but bitcoin up 10% today #kanyeshrug am I right??

https://pro.coinbase.com/trade/BTC-USD

 

[Cryptomoon]

Mini alt season incoming. Might be full blown with ETF around the corner.

 

[smedroc]

Wild pump today.

 

[danyosahn]

come on moon!

 

[fapmasterjr]

Just +1000 today btc. Eh

Mastercard going Crypto...no big deal. Crypto isnt real right?

 

[sharpshooter718]

keep stacking

 

[WAKKO!]

So is dogecoin the new ripple?

 

[smedroc]

So is dogecoin the new ripple?

Dogecoin is one of the OG ish coins.

They have both been around forever but it's nothing like Ripple.

 

[johnnyredstorm]

One doge will always be worth one doge

 

[allreds]

if you feel you missed out on EOS....grab their community token called EOSDAC. I believe i posted it on here before....as EOS grows, so will this.

What exchange can I buy this at?

 

[bronconation24]

If you guys are heavy in Alts, I would hold at least like 30 percent in btc. It’s still King and will still be dominant. It’s s great hedge bet against alts

 

[tkthafm]

Let's see if BTC can crack 8000 this weekend, I think it will.

 

[shibadekobe]

Japanese & Korean articles said that due to China's currency devaluation...the people bought BTC and want to buy more.
Any truth??

 

[fapmasterjr]

EVERYONE, even the DOUBTERS....PLEASE WATCH....then speak on it:

https://goo.gl/bSPG8r

 

[fapmasterjr]

**also - no need to subscribe to PBC if u are already part of discord group.

Going to open up for more members in the next few days, but invite (just like last time) must be coming from a current member that can vouch for you. So be selective on who you invite

Current members - comment here if you would like to invite/vouch someone to our discord.

 

[dblplay1212]

fapmasterjr discord open for someone that openly admits they dont know **** about crypto but is interested in learning?

 

[fapmasterjr]

fapmasterjr discord open for someone that openly admits they dont know **** about crypto but is interested in learning?

I like how you worded that. I’ll send u invite this weekend.

 

[degenerate423]

Let's see if BTC can crack 8000 this weekend, I think it will.

Just need $580 more .

 

[allreds]

I like how you worded that. I’ll send u invite this weekend.

Are you purposely ignoring me or something