Bitcoin on ngmarley.com

HD Wallet Standards for Interoperability

Tue, 28 Feb 2017 00:00:00 +0000

Note: I originally wrote this in April 2016 while traveling thru Asia and kept it in my private log area until now.

Many different software vendors have produced different HD (e.g. BIP32-compliant) Wallets, and it’s nice, but the supposed features/benefits of HD wallets aren’t really able to be used except by the most-technical of end-users. That’s because the HD standard is both really flexible (by enabling a multitude of derivation paths), and because multiple standards are used by wallet software vendors, some of which are conflicting, and each developer will use whichever standard he/she thinks is best, without regard to interoperability or what’s best and easiest for the end-user.

Bitcoin eliminates PCI compliance

Sun, 09 Mar 2014 00:00:00 +0000

I was just reading up on wrapping APIs and just came to another realization regarding Bitcoin. In a payment system using only Bitcoin, there is absolutely no need for PCI compliance. Zero. That’s right:

Bitcoin eliminates PCI compliance.

There’s no private data to store. No customer data exists that a criminal can then steal and rack up charges. Since Bitcoin payments are a push from the customer, instead of a pull from the merchant, there’s no need for any PCI compliance. Customer security is simply “baked in” to the protocol.

Here's why Bitcoin will change the world...

Thu, 27 Feb 2014 00:00:00 +0000

As I’ve said before, a lot of people a lot smarter than me could explain Bitcoin a lot better than me… so I’ll leave it up to them.

Both of these videos feature Andreas Antonopoulos, a network and security professional and major Bitcoin evangelist.

Watch This First

The first clip is Andreas speaking at the Milwaukee Bitcoin meetup a couple of weeks ago. You can start watching at 47 minutes and 15 seconds (the link should take you there).

Bitcoin

Sat, 25 Jan 2014 00:00:00 +0000

I’ve refrained from posting about Bitcoin until now, mostly because I haven’t had time, which is to say that it hasn’t been prioritized. I have also refrained from posting because I’ve been considering a site re-design, and didn’t want to take the time to mess with it. But I’ve got too many thoughts which I need to get out, plus the “Twenty Fourteen” WordPress theme is pretty clean and simple. I like it. Anyway, here goes…