Your focus on API-driven banking really intrigued us, however I wasn't surprised to see that you won't bank money services businesses. Kind of a shame, because we could really use an API to help with cash management.
27 karma · joined April 23, 2014
Unanticipated demand? ddos? what's going on here?
Digital Mint is an on-demand cash-to-bitcoin exchange company, enabling consumers to participate in the online economy using the versatility of digital currencies. We allow customers to convert their cash into bitcoin through physical kiosks and convenient point-of-sale solutions. It is our vision to become the largest consumer bitcoin transaction company in the United States, empowering underserved and unbanked consumers to utilize digital currencies as a tool for their financial lives.
Currently, we operate over 50 brick-and-mortar locations in 9 states — serving over 13,000 individual customers! In addition, we are profitable, growing fast, and need motivated and talented team members to help us shape the landscape of the burgeoning digital currency ecosystem.
We're looking for dedicated engineers to help us scale our existing stack to keep pace with the ever-growing demand for bitcoin. Some technologies we use include Ruby on Rails, React.js + Redux, react-native, Redis, Elasticsearch, SQL, and Git. Experience working with bitcoin APIs and DevOps knowledge is a plus.
Send resume to: careers [at] digitalmint [dot] io
Especially if your startup may be handling users' private keys, you will want a trustworthy domestic dev team. The last thing you want is millions of dollars (or bitcoins!) worth of your users' deposits to disappear without a trace overseas.
He has no interest in opposing the trademark. He called Moolah.io's oppositional filing "white knighting the situation." Zing!
In my eyes, it’s a total waste of time and money being spent opposing a very generic trademark that can’t and won’t be enforced
“(Mark’s) communication at a personal level is catastrophic. It’s always been difficult to get him to speak. We tried to get him to be more extrovert”
http://www.reuters.com/article/2014/04/21/us-bitcoin-mtgox-k...
She does believe her son is honest. I imagine most mothers might be slightly biased towards that judgment.
I think we will be finding out more information about what actually happened at Mt. Gox for years to come.
Who has the rights to the movie?
One of the most notorious threats to blockchain-powered networks is allowing a malicious actor to obtain control over more than half of the network's computing resources. This situation is commonly referred to as the elusive "fifty-one percent attack." It is difficult, but not impossible to pull off —http://motherboard.vice.com/blog/bitcoins-fatal-flaw-was-nea... — the aggregation of this kind of hashing power. And it looks like we've nearly made it there again, but there is a difference between a pool getting > 50% of resources, and an "attack."
A successful attack using this method would allow the attacker to exclude, or "orphan" any new blocks from the valid chain causing all newly-minted coins go to the attacker. He may also execute a "double-spend" and reverse any of his own transactions during the window of time that his sham blockchain is considered authoritative by the network.
A successful 51% attack on Feathercoin — http://www.coindesk.com/feathercoin-hit-by-massive-attack/ — was stopped in its tracks by the network's natural uptick in difficulty in response to an increase in network hash rate. The Feathercoin attacker was likely executing a price pump in parallel to compromising the network, which caused coin-switching pools to mine feathercoin and increase the difficulty to a level that stopped the attack.
The ACH system itself is designed for the benefit of bankers, not developers, or even depositors.
Bitcoin alleviates the need for the excesses of the described system.