Blockchain Association of Canada - page 2.

squatz1

legendary

Activity: 1666

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Flying Hellfish is a Commie

This announcement of Canada being the country for cryptocurrencies and Bitcoin should really be changed to them supporting the block-chain technology and that's all, as the National Bank in Canada (forgot it's real name) came out with something saying that Bitcoin will probably fail without government intervention. If this doesn't sound rather hostile to the bitcoin decentralization cause, I really don't know what's going to convince you that Canada is not the right country to accept such innovations relating to bitcoin business.

Quote from: paul gatt on February 23, 2017, 09:20:59 AM

I really do not learn much about this, I know technology is very strong blockchain. however I still feel dissatisfied in it, because the transaction is confirmed too slow. I currently have a large amount of money and stuck, I wonder until when it is confirmed. this was bad and detrimental, I hope it will soon be overcome

The blockchain tech does not relate in the least to bitcoin confirmation times in the least. It's just a current issue we face due to having an issue with BU and Segwit as solutions to fix the current confirmation time issues. Confirmations occur within a short time frame if you pay a high enough fee.

bitcoineverything

sr. member

Activity: 504

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InvestnTrade. Latest from the crypto space.

Quote from: paul gatt on February 23, 2017, 09:20:59 AM

I really do not learn much about this, I know technology is very strong blockchain. however I still feel dissatisfied in it, because the transaction is confirmed too slow. I currently have a large amount of money and stuck, I wonder until when it is confirmed. this was bad and detrimental, I hope it will soon be overcome

I feel sorry about your experience. Was that transaction made recently or a long time ago? I would suggest a viabtc tool which accelerates Bitcoin transactions. This site works for me. You will just have to enter your transaction ID and solve a captcha, then the transaction is quickly confirmed because viabtc is the who mines the transaction. Also, as what I have read in reddit, it works even on the oldest transactions made.

https://www.viabtc.com/tools/txaccelerator/

bitcoineverything

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Activity: 504

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Quote from: Kemarit on February 23, 2017, 01:29:03 AM

Quote from: bitcoineverything on February 23, 2017, 12:56:25 AM

Hello Everyone,

Canada is now one of those countries that embraces the blockchhain technology. The Bitcoin Alliance of Canada now changed its name to Blockchain Association of Canada.

One of their board members said that one of the reasons why they changed the name is because having the word Bitcoin on the name of the alliance makes it difficult for them to open a traditional bank account for the association.

However, it is a also a logical move since blockchain startups are rapidly growing in the country.

Tell us what your thoughts about this.

Probably a good move on their end to change their name and somewhat remove
"bitcoin"->'blockchain" because of some issues and roadblock in the financial banking
industry.

This will also drive awareness across Canada and educate about what Blockchain
Technology is and what advantage it can give in many different sector or industries.
If Canadians can reap the benefit of an organization like BAC, perhaps they can
be a global blockchain hub in the future. I don't know if other countries has similar
BAC, but I hope others will follow and establish their own Blockchain organization.

BAC is definitely a huge support for Bitcoin and the blockchain technology and with that, Canada would be notoriously good for Bitcoin's future.

There are other organizations alike such as Bitcoin Center NYC, Bitcoin Association of Switzerland, Bitcoin Foundation and many more...

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: bitcoineverything on February 23, 2017, 09:07:50 AM

Quote from: Senor.Bla on February 23, 2017, 03:26:42 AM

How often do you have to open an traditional Bank account? Once i think, so why is it so hard to find a bank who will do it? If they Want to fight for Bitcoin and its acceptance, then this is a poor example of how to do it. It would only make sens if they would want to expand their activities to different blockchain technologies than Bitcoin. Probably some who are willing to pay for some services they provide.

Obviously bitcoin or blockchain startups still need traditional banking for them to manage their finances. However, traditional banks do not seem to support Bitcoin and most of them see it as a threat to the banking industry. That is why bitcoin startups are experiencing difficulties in opening bank accounts.

That might be so, but as a start up/new company i do need bank accounts. The question is how many? One for sure, maybe even 2 or 3. Let us say 5. Acually it probably even do not matter. Since you want all your accounts to have with one bank. So all you need to do is find just one bank who is willing to take your money. This can not be so hard. Just having Bitcoin in your Name can not be the reason.

paul gatt

hero member

Activity: 896

Merit: 500

I really do not learn much about this, I know technology is very strong blockchain. however I still feel dissatisfied in it, because the transaction is confirmed too slow. I currently have a large amount of money and stuck, I wonder until when it is confirmed. this was bad and detrimental, I hope it will soon be overcome

bitcoineverything

sr. member

Activity: 504

Merit: 250

InvestnTrade. Latest from the crypto space.

Quote from: Senor.Bla on February 23, 2017, 03:26:42 AM

How often do you have to open an traditional Bank account? Once i think, so why is it so hard to find a bank who will do it? If they Want to fight for Bitcoin and its acceptance, then this is a poor example of how to do it. It would only make sens if they would want to expand their activities to different blockchain technologies than Bitcoin. Probably some who are willing to pay for some services they provide.

Obviously bitcoin or blockchain startups still need traditional banking for them to manage their finances. However, traditional banks do not seem to support Bitcoin and most of them see it as a threat to the banking industry. That is why bitcoin startups are experiencing difficulties in opening bank accounts.

Senor.Bla

sr. member

Activity: 280

Merit: 253

How often do you have to open an traditional Bank account? Once i think, so why is it so hard to find a bank who will do it? If they Want to fight for Bitcoin and its acceptance, then this is a poor example of how to do it. It would only make sens if they would want to expand their activities to different blockchain technologies than Bitcoin. Probably some who are willing to pay for some services they provide.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: bitcoineverything on February 23, 2017, 12:56:25 AM

Hello Everyone,

Canada is now one of those countries that embraces the blockchhain technology. The Bitcoin Alliance of Canada now changed its name to Blockchain Association of Canada.

One of their board members said that one of the reasons why they changed the name is because having the word Bitcoin on the name of the alliance makes it difficult for them to open a traditional bank account for the association.

However, it is a also a logical move since blockchain startups are rapidly growing in the country.

Tell us what your thoughts about this.

Probably a good move on their end to change their name and somewhat remove
"bitcoin"->'blockchain" because of some issues and roadblock in the financial banking
industry.

This will also drive awareness across Canada and educate about what Blockchain
Technology is and what advantage it can give in many different sector or industries.
If Canadians can reap the benefit of an organization like BAC, perhaps they can
be a global blockchain hub in the future. I don't know if other countries has similar
BAC, but I hope others will follow and establish their own Blockchain organization.

bitcoineverything

sr. member

Activity: 504

Merit: 250

InvestnTrade. Latest from the crypto space.

Hello Everyone,

Canada is now one of those countries that embraces the blockchhain technology. The Bitcoin Alliance of Canada now changed its name to Blockchain Association of Canada.

One of their board members said that one of the reasons why they changed the name is because having the word Bitcoin on the name of the alliance makes it difficult for them to open a traditional bank account for the association.

However, it is a also a logical move since blockchain startups are rapidly growing in the country.

Tell us what your thoughts about this.

Topic: Blockchain Association of Canada - page 2. (Read 2124 times)