\
DigiByte Exchanges
Where To Buy & Sell DigiBytes
lightbit ? litebit
@ 24 did you contacted him.
LOL, my bad. will make another one.
No not yet,,wil do this weekend.
Jared needs to change it in the OP
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1046. (Read 3059020 times)
January 29, 2015, 09:32:13 AM
lightbit ? litebit
@ 24 did you contacted him.
LOL, my bad. will make another one.
No not yet,,wil do this weekend.
Jared needs to change it in the OP
January 29, 2015, 09:25:19 AM
\
DigiByte Exchanges
Where To Buy & Sell DigiBytes
lightbit ? litebit
@ 24 did you contacted him.
January 29, 2015, 09:20:53 AM
\
DigiByte Exchanges
Where To Buy & Sell DigiBytes
January 29, 2015, 09:18:16 AM
Respected community, we would like to remind you that DigiByte is traded on Comkort exchange.
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
Thanks for adding Digibyte
Add us to the list of official exchanges please
Thanks
January 29, 2015, 07:38:46 AM
What about some Digibyte sunglasses?
I could talk with my supplier to make some.
Sorry for the bad Quallity image. couldnt find a better one atm
I could talk with my supplier to make some.
Sorry for the bad Quallity image. couldnt find a better one atm
Cool
for sale in walmart ugh January 29, 2015, 07:26:00 AM
What about some Digibyte sunglasses?
I could talk with my supplier to make some.
Sorry for the bad Quallity image. couldnt find a better one atm
I could talk with my supplier to make some.
Sorry for the bad Quallity image. couldnt find a better one atm
January 29, 2015, 07:14:31 AM
This is another angle that will continue to help DGB achieve it's mission to be the mainstream digital currency for all folks. A lot of more wealthier individuals don't see the long term sustainability of this space. Reaching out to Gates and helping him understand how DGB aligns with some of the views he has could be an enormous endorsement.
I second the idea to reach out to him!
YC
Well, you never know what might happen. The governments and banks can just copy the open source codes and implement their own blockchain like coins and allow it to be exchanged it with FIAT, without publicly allowing exchange on their coin unless you dont create an official account on their banking system? And this way, all the minor coins die right away including some dark style coins... Maybe only BTC, LTC and PPC will survive in that case
Imagine all solid companies create their own coins ? Apple will have a coin named ICoin and company shares will be sold in ICoin or any other FIAT and you can use ICoin to buy Apple products or where ever it can be used.
Or maybe the founders of the coin should officially create a company or banking system for its use if that is really worth it. Dont know... ?
If banks only copy the blockchain system, all existing coins may still have a great chance to die since there will be no need for them any more. Time will tell.
We have to take the governments in to the ring ugh
https://www.youtube.com/watch?v=IbB01TkcelM
I've been saying this for months now - much of the time putting up with people ridiculing the idea - that the digital currency that GETS OUT IN FRONT OF THE CURVE will be the winner, and that means LEADING THE WAY IN TRANSPARENCY. Every coin must be clearly assigned to its rightful owner - if not, no-one but the riskiest will participate. And the irony of the matter is that sooner or later the surviving digital currencies (if they survive trying to swim upstream) will be forced to do that anyway! So why not leverage your foresight and get out in front of the curve while you can?
Don't take my word for it, hey the likes of Bill Gates says the exact same thing.
Oh, and there's the SMS, low cost, simple transaction thing we were talking about just a few short posts ago . . .
Jared, what about getting in touch with Bill Gates? Or his foundation anyway? I'm sure there's someone there who'd be willing to talk and you'd be expanding your contacts list if nothing else. You might start out with an introduction and then a lead-in to your possible interest in taking DigiByte in the same direction of Kenya's M-Pesa (doesn't mean you're going to do it, just that you're interested in sharing ideas, and I'll bet a ton of DGB that it'll open doors).
HR,
Getting in touch with Bill Gates is a great idea. We are looking to contact many people like him in the very near future. We need to get people like him on board with DigiByte for sure.
The idea of remittance with DigiByte in developing countries is a perfect fit for our emphasis on micro payments and speed.
I second the idea to reach out to him!
YC
if that plan goes through imagine what would a happen, in the world of cryptocoins
Well, you never know what might happen. The governments and banks can just copy the open source codes and implement their own blockchain like coins and allow it to be exchanged it with FIAT, without publicly allowing exchange on their coin unless you dont create an official account on their banking system? And this way, all the minor coins die right away including some dark style coins... Maybe only BTC, LTC and PPC will survive in that case
Imagine all solid companies create their own coins ? Apple will have a coin named ICoin and company shares will be sold in ICoin or any other FIAT and you can use ICoin to buy Apple products or where ever it can be used.Or maybe the founders of the coin should officially create a company or banking system for its use if that is really worth it. Dont know... ?
If banks only copy the blockchain system, all existing coins may still have a great chance to die since there will be no need for them any more. Time will tell.
https://www.youtube.com/watch?v=IbB01TkcelM
I've been saying this for months now - much of the time putting up with people ridiculing the idea - that the digital currency that GETS OUT IN FRONT OF THE CURVE will be the winner, and that means LEADING THE WAY IN TRANSPARENCY. Every coin must be clearly assigned to its rightful owner - if not, no-one but the riskiest will participate. And the irony of the matter is that sooner or later the surviving digital currencies (if they survive trying to swim upstream) will be forced to do that anyway! So why not leverage your foresight and get out in front of the curve while you can?
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This definitely highlights some serious potential for DigiByte in the arena. We are working on a strategy for the developing world for DigiByte.Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
Don't take my word for it, hey the likes of Bill Gates says the exact same thing.
Oh, and there's the SMS, low cost, simple transaction thing we were talking about just a few short posts ago . . .
Jared, what about getting in touch with Bill Gates? Or his foundation anyway? I'm sure there's someone there who'd be willing to talk and you'd be expanding your contacts list if nothing else. You might start out with an introduction and then a lead-in to your possible interest in taking DigiByte in the same direction of Kenya's M-Pesa (doesn't mean you're going to do it, just that you're interested in sharing ideas, and I'll bet a ton of DGB that it'll open doors).
HR,
Getting in touch with Bill Gates is a great idea. We are looking to contact many people like him in the very near future. We need to get people like him on board with DigiByte for sure.
The idea of remittance with DigiByte in developing countries is a perfect fit for our emphasis on micro payments and speed.
January 29, 2015, 06:48:41 AM
Bill Gates AKA The Angel investor
January 29, 2015, 06:47:26 AM
Bill gates? OMG were aiming high
January 29, 2015, 06:46:39 AM
if that plan goes through imagine what would a happen, in the world of cryptocoins
Well, you never know what might happen. The governments and banks can just copy the open source codes and implement their own blockchain like coins and allow it to be exchanged it with FIAT, without publicly allowing exchange on their coin unless you dont create an official account on their banking system? And this way, all the minor coins die right away including some dark style coins... Maybe only BTC, LTC and PPC will survive in that case
Imagine all solid companies create their own coins ? Apple will have a coin named ICoin and company shares will be sold in ICoin or any other FIAT and you can use ICoin to buy Apple products or where ever it can be used.Or maybe the founders of the coin should officially create a company or banking system for its use if that is really worth it. Dont know... ?
If banks only copy the blockchain system, all existing coins may still have a great chance to die since there will be no need for them any more. Time will tell.
https://www.youtube.com/watch?v=IbB01TkcelM
I've been saying this for months now - much of the time putting up with people ridiculing the idea - that the digital currency that GETS OUT IN FRONT OF THE CURVE will be the winner, and that means LEADING THE WAY IN TRANSPARENCY. Every coin must be clearly assigned to its rightful owner - if not, no-one but the riskiest will participate. And the irony of the matter is that sooner or later the surviving digital currencies (if they survive trying to swim upstream) will be forced to do that anyway! So why not leverage your foresight and get out in front of the curve while you can?
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This definitely highlights some serious potential for DigiByte in the arena. We are working on a strategy for the developing world for DigiByte.Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
Don't take my word for it, hey the likes of Bill Gates says the exact same thing.
Oh, and there's the SMS, low cost, simple transaction thing we were talking about just a few short posts ago . . .
Jared, what about getting in touch with Bill Gates? Or his foundation anyway? I'm sure there's someone there who'd be willing to talk and you'd be expanding your contacts list if nothing else. You might start out with an introduction and then a lead-in to your possible interest in taking DigiByte in the same direction of Kenya's M-Pesa (doesn't mean you're going to do it, just that you're interested in sharing ideas, and I'll bet a ton of DGB that it'll open doors).
HR,
Getting in touch with Bill Gates is a great idea. We are looking to contact many people like him in the very near future. We need to get people like him on board with DigiByte for sure.
The idea of remittance with DigiByte in developing countries is a perfect fit for our emphasis on micro payments and speed.
January 29, 2015, 05:52:31 AM
Respected community, we would like to remind you that DigiByte is traded on Comkort exchange.
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
Thanks for adding Digibyte
January 29, 2015, 05:47:43 AM
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This definitely highlights some serious potential for DigiByte in the arena. We are working on a strategy for the developing world for DigiByte.Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Snip
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Snip
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This sounds really good Jared
January 29, 2015, 04:58:01 AM
Important Notice on Browser Extensions
January 29, 2015
We have received reports from a few users who have noticed that their BTC/LTC deposit addresses change on the screen, even after the page has fully loaded.
This is due to a browser extension malware changing the html of the page. We have narrowed it down to extensions created by a developer called “Cryptoextensions”, including “Bittrex” and “BitcoinWisdom”.
Please make sure you remove any extensions (on all browsers) made by this developer before using OKCoin. Moreover, please be cautious with any extension of software you choose to install on your browser.
Source:OKCOIN
January 29, 2015
We have received reports from a few users who have noticed that their BTC/LTC deposit addresses change on the screen, even after the page has fully loaded.
This is due to a browser extension malware changing the html of the page. We have narrowed it down to extensions created by a developer called “Cryptoextensions”, including “Bittrex” and “BitcoinWisdom”.
Please make sure you remove any extensions (on all browsers) made by this developer before using OKCoin. Moreover, please be cautious with any extension of software you choose to install on your browser.
Source:OKCOIN
January 29, 2015, 04:55:29 AM
Respected community, we would like to remind you that DigiByte is traded on Comkort exchange.
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
We will be happy to see you.
Three markets are live DGB <-> BTC, LTC, DOGE.
Best buy prices:
0.00000026 BTC per 1 DGB - BTC market
0.00002351 LTC per 1 DGB - LTC market
Happy & Profitable Trading!
January 29, 2015, 03:59:27 AM
if that plan goes through imagine what would a happen, in the world of cryptocoins
Well, you never know what might happen. The governments and banks can just copy the open source codes and implement their own blockchain like coins and allow it to be exchanged it with FIAT, without publicly allowing exchange on their coin unless you dont create an official account on their banking system? And this way, all the minor coins die right away including some dark style coins... Maybe only BTC, LTC and PPC will survive in that case
Imagine all solid companies create their own coins ? Apple will have a coin named ICoin and company shares will be sold in ICoin or any other FIAT and you can use ICoin to buy Apple products or where ever it can be used.Or maybe the founders of the coin should officially create a company or banking system for its use if that is really worth it. Dont know... ?
If banks only copy the blockchain system, all existing coins may still have a great chance to die since there will be no need for them any more. Time will tell.
https://www.youtube.com/watch?v=IbB01TkcelM
I've been saying this for months now - much of the time putting up with people ridiculing the idea - that the digital currency that GETS OUT IN FRONT OF THE CURVE will be the winner, and that means LEADING THE WAY IN TRANSPARENCY. Every coin must be clearly assigned to its rightful owner - if not, no-one but the riskiest will participate. And the irony of the matter is that sooner or later the surviving digital currencies (if they survive trying to swim upstream) will be forced to do that anyway! So why not leverage your foresight and get out in front of the curve while you can?
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This definitely highlights some serious potential for DigiByte in the arena. We are working on a strategy for the developing world for DigiByte.Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
Don't take my word for it, hey the likes of Bill Gates says the exact same thing.
Oh, and there's the SMS, low cost, simple transaction thing we were talking about just a few short posts ago . . .
Jared, what about getting in touch with Bill Gates? Or his foundation anyway? I'm sure there's someone there who'd be willing to talk and you'd be expanding your contacts list if nothing else. You might start out with an introduction and then a lead-in to your possible interest in taking DigiByte in the same direction of Kenya's M-Pesa (doesn't mean you're going to do it, just that you're interested in sharing ideas, and I'll bet a ton of DGB that it'll open doors).
January 29, 2015, 01:48:27 AM
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
This definitely highlights some serious potential for DigiByte in the arena. We are working on a strategy for the developing world for DigiByte. Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
January 28, 2015, 11:50:01 PM
How can we use some of this guidance to continue having DGB lead the pack?
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
Quote
Kate Knibbs
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Today 3:40pm
Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form.
Gates extolled the value of digital currency in his AMA last year as well, explaining that since many poor people in developing countries don't have access to traditional banking, it's not financially worth it for banks to put branches in areas where the amounts stored and transferred are so small, leaving the poor at a huge disadvantage when it comes to exchanging, saving, and accessing money.
Mobile banking costs almost nothing to process, so it actually is worthwhile for banks to provide the service. That means digital money offers an opportunity for mobile banking, and hence the Bill and Melinda Gates Foundation is so gung-ho about giving people more ways to store their money.
So why not Bitcoin? The billionaire philanthropist and redditor called it "an exciting new technology" in today's AMA, but he doesn't think it's a very good tool to make banking easier in emerging markets because it's so volatile and because it's anonymous:
We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Bitcoin has been touted as a potentially revolutionary banking tool for the poor, and it's likely Gates' remarks will rankle the community. But he did offer an alternative, highlighting the uses of local digital currency like Kenya's M-Pesa over anonymous cryptocurrencies:
The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa is being used for almost half of all transactions. Digital money has low transaction costs which is great for the poor because they need to do financial transactions with small amounts of money. Over the next 5 years I think digital money will catch on in India and parts of Africa and help the poorest a lot.
Source: http://gizmodo.com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
January 28, 2015, 05:11:40 PM
January 28, 2015, 04:28:13 PM
January 28, 2015, 02:42:52 PM
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Digibyte. The best thing since sliced Bitcoin.
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