News for hackers. Stuff that matters.
Re:It Looks Like Ethereum Is Going to Fork Again by bradleybuda on Friday October 14, 2016 @05:47PM (#12711339)
What is bitcoin useful for now? Legitimate question; I still see it as a research project. I can't think of any day-to-day activity that is made better by bitcoin (yet).
Re:It Looks Like Ethereum Is Going to Fork Again by kbody on Friday October 14, 2016 @06:28PM (#12711592)
Personally I'm paid in bitcoin from an asian company I work for and use them with a bitcoin pre-paid/debit card for a big part of my expenses.

I used to be paid by wire transfers, but it's faster this way and less fees (especially the currency exchange ones).

Some few companies also have rebates if you pay with bitcoins so that's a nice plus. But it really is refreshing and interesting how free you feel in a sense.

Re:It Looks Like Ethereum Is Going to Fork Again by BoorishBears on Friday October 14, 2016 @06:33PM (#12711616)
Is Bitcoin any more volatile than a "normal" currency in regards to value on the time scale of when work is done and work is paid?

Usually when I hear the dollar is down its cents on the dollar over weeks but what I hear about Bitcoin sounds more like a stock market, with sudden crashes and rallies

Re:It Looks Like Ethereum Is Going to Fork Again by modeless on Friday October 14, 2016 @07:51PM (#12711899)
Depends where you live. The pound crashed 6% last week in a matter of minutes, and is down 8% this month and 17% this year. The Swiss franc jumped 40% against the euro in a matter of minutes in 2015. The ruble crashed 45% over 6 months in 2014. Icelandic kronor crashed 35% vs the dollar in 2008. Venezuela is in hyperinflation right now.
Re:It Looks Like Ethereum Is Going to Fork Again by guiambros on Friday October 14, 2016 @10:01PM (#12712397)
But changes to international exchange rates don't (immediately) impact your cost of living. If you're paid in bitcoins, and the price goes down, that means you're effectively making less money (in local currency) to pay for food, housing, transportation, etc.
Re:It Looks Like Ethereum Is Going to Fork Again by stevekemp on Saturday October 15, 2016 @12:31AM (#12712717)
It depends where you live and what currencies you use.

I live in Finland, which uses the Euro currency, but I get paid in British pounds sterling. The recent rate crash directly impacts me - when I get paid at the end of the month I literally receive less salary.

(Exactly the same as the poster above, getting paid in Bitcoin if the rates fall.)

Re:It Looks Like Ethereum Is Going to Fork Again by dublinben on Friday October 14, 2016 @10:06PM (#12712411)
If all of your transactions are made in one currency (which is the case for most people) most of those situations have little impact. Very few goods are priced in Bitcoin, so the price fluctuations are much more meaningful.
Re:It Looks Like Ethereum Is Going to Fork Again by anon4this1 on Friday October 14, 2016 @11:07PM (#12712547)
I have experienced a lot of volatility with the bitcoins I bought. Namely, they're all worth 100x what I paid for them, while fiat currency continues to lose value every day as central banks print money non-stop.
Re:It Looks Like Ethereum Is Going to Fork Again by brighton36 on Friday October 14, 2016 @07:26PM (#12711807)
In my country, the government requires that I use bitcoin to buy drugs online, gamble, and buy backpage ads.
Re:It Looks Like Ethereum Is Going to Fork Again by niftich on Friday October 14, 2016 @05:54PM (#12711383)
International money transfers between two parties who mutually trust each other.
Re:It Looks Like Ethereum Is Going to Fork Again by nyolfen on Friday October 14, 2016 @10:32PM (#12712469)
it's pretty great for buying drugs to be honest. well, the actual experience of buying bitcoin is an insane and wasteful hassle and it takes for-fucking-ever for confirmations but it's better than copping on the street at least.
Re:It Looks Like Ethereum Is Going to Fork Again by divbit on Friday October 14, 2016 @06:39PM (#12711637)
Timestamping documents can be useful:

http://proofofexistence.com

(the site isn't necessary, but quite convenient unless you do it very frequently)

Compare that to going to a notary or something..

Re:It Looks Like Ethereum Is Going to Fork Again by petertodd on Friday October 14, 2016 @08:26PM (#12712033)
Shameless plug: https://petertodd.org/2016/opentimestamps-announcement and for Git commits https://petertodd.org/2016/opentimestamps-git-integration

Bitcoin timestamping can be a lot more convenient and efficient than that site, and totally free too.

Re:It Looks Like Ethereum Is Going to Fork Again by divbit on Friday October 14, 2016 @09:21PM (#12712237)
That's a pretty in depth version, will have to check it out. Looks cool.
Re:It Looks Like Ethereum Is Going to Fork Again by imaginenore on Friday October 14, 2016 @06:44PM (#12711661)
I transfer money internationally using it. I also pay for my hosting with bitcoin, because paying with bitcoin is the easiest thing in the world - it's way easier than CC, PayPal, anything else I've tried.
Re:It Looks Like Ethereum Is Going to Fork Again by ryanlol on Friday October 14, 2016 @05:50PM (#12711356)
Drug trade?