jennichen | 12 years ago | on: Ask HN: Bitcoin owners—how many of you have actually *bought* something with it?
jennichen's comments
jennichen | 12 years ago | on: Ask HN: Bitcoin owners—how many of you have actually *bought* something with it?
Yes, mymodafinil.net
Basically, merchants who benefit from Bitcoin are those that VISA/PayPal don't want to touch.
jennichen | 12 years ago | on: Oculus VR raises $75M
I hope this really takes off.
RIP Andrew Reisse (http://www.oculusvr.com/blog/andrew-reisse-in-memoriam/)
jennichen | 13 years ago | on: University wins $1.17 billion hard disk patent verdict against Marvell
Looks like the real winners are Douglas B. Greenswag and Patrick J. McElhinny of K&L Gates ... Carnegie Mellon's lawyers.
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Of course, that seems excessive for the individual user, which is why your wallet service provider will do it on your behalf and assume the risk. I imagine Coinbase will do this very soon.
Assuming that in a couple of years there will be a functioning derivatives market, the wallet service provider can then offload that risk to investors.
Speculation isn't a "bad thing", it's a natural thing that is necessary for an efficient market.