New Ideas in Bitcoin

[Wesley]

Almost all of this information was taken from Let's Talk Bitcoin's newest episode E74 – New Ideas in Bitcoin. You can hear the entire episode on the link if the current development in bitcoin is a topic that interests you.

 

I find the current stage of bitcoin development to be a very interesting topic and it helps me get an idea of what the next few months and years will bring to the bitcoin marketplace.

 

snapCard

https://www.joinsnapcard.com/

 

snapCard is the stop-gap solution to sites that allow you to buy anything online with your bitcoin. There is no need for merchant-side integration of bitcoin into their site. All you do is shop on any online marketplace through the snapCard bookmarklet that can be added on to any browser. This service currently costs 1-2%. It will also allow the potential for the company to tell a company exactly how much money they could be getting by accepting bitcoin as payment.

 

Hopefully, sites will increasingly have native bitcoin integration and snapCard will become irrelevant. In the meantime, you will be able to shop with bitcoin anyway.

 

Bitcredits.io

http://bitcredits.io/

 

Bitcredits.io is a very fast way to integrate bitcoin payments into a shopping cart. It allows websites a way to create their own currency to transact for subscriptions, donations and payments. It allows a very user-friendly real-time way to send the payments and instantly have access to the content. Feel free to go to their website and send a few pennies to them to try out the service on the homepage if you are interested.

 

Invictus Innovations Incorporated

http://invictus-innovations.com/

 

Invictus is working on the development of building crypto-equities. You can create decentralized corporations in which shares are represented by a coin on a blockchain. These shares show ownership and can pay dividends in a very secure and decentralized way. There is a lot of future potential for marketing, crowd-sourcing, and other such applications.

 

Kipochi Wallet

http://kipochi.com/en

 

This is a wallet that is working hard to bring bitcoin to the third world and the un-banked, especially in Africa. It is a way of using a bitcoin wallet on any web-enhanced mobile phone. It allows people in countries that are dependent on tyrannical regimes and foreign aid to begin to have a stable currency and no state interference in their savings.

 

Armory Wallet

https://bitcoinarmory.com/

 

Armory has been around a while as a very secure wallet and I recommend it for anyone who is concerned about security and wants some coins not on a paper wallet.

 

Armory is doing more work. Multiple signature transactions are being innovated to allow funs to only be spent if (say) a key on your computer is sent and a key that is on your phone is sent, dramatically increasing security. They are also working on micro-billing which allows a way for someone to walk into a coffee shop and be connected to their network. Which instead of having to buy minutes, you can just be charged a tiny amount automatically for the amount of time you spend at the location connected to the network. You could also sign up for online content that charges you automatically for the number of pages you read or things you listen to. It would make things along these lines a lot easier.

 

Justus Ranvier

 

He is working on a solution to create a method of stateless arbitration and contract service, which this would include the contract and the dispute resolution if needed. The goal would be to create a programmable script that can escrow funds from both parties that will be released upon completion of a contract. If a dispute message is sent by one or more parties, the funds will instead be sent to an agreed-upon third party that can resolve the dispute in some way and then send the funds in the appropriate direction.

 

The best part of this is the ability for international recourse and decisions that do not require a state for the contract to reside in which that contract law would be applied. The arbitrator is decided only by the parties who are making the transaction, only will happen if there is a dispute, and it allows worldwide access to quality contracts and dispute regulation.