117 karma · joined July 15, 2014
One thing to note is that he works for Ripple Labs, which created another protocol that is similar to Bitcoin/anything blockchain based... so it's pretty much a competitor calling their competition a bust.
Also, cool idea overall. I'm thinking I may have to give this a shot as I don't know crap about spices. Having someone put together stuff for me would make cooking a lot easier.
How much of a bump in sales/interest have you gotten from being on Shark Tank?
Just to clarify for anyone new to bitcoin... blocks aren't "issued" every 10 minutes exactly. On average there is a new block found every 10 minutes (or so).
This would make for different amounts of bitcoins being released rather than the (fairly) predictable current schedule.
With a correctly setup transaction, bitcoins can be held in escrow that require 2 of 3 people to approve moving it. This means that you/seller, you/escrow, or seller/escrow are the only 3 combos to get the bitcoins out. There's no way for the escrow agent to steal the money.
Seems like this will be a very useful thing with more people starting to use bitcoin!