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GaryRowe

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Contract Java developer in the UK. Look at http://gary-rowe.com for general information

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These guys need to be investing in hierarchical deterministic wallets (BIP0032 and BIP0039). That would take away all their private key issues.

Bitcoin hits $200 13 years ago

A more sensible approach would be to take advantage of TradeHill's "dark pools" which enable very large BTC transactions to take place outside of the public order book.

Not every online transaction requires a chargeback. Perhaps donating to your favourite artist, author, charity would be easier in Bitcoin. And would mean you don't have to keep careful track of your spending to avoid huge interest rates from the card company.

Startup idea list 14 years ago

Solve the Time Problem. As in "I'm a developer with a great idea but no time to do it".

Perhaps if someone has a bit of spare cash left over from the day job they could pay someone else to build their project for them (subject to stringent code review). Sort of like Rentacoder but more fine grained.

For anyone considering investing in bitcoins, first read this: http://bitcoin.stackexchange.com/questions/405/what-are-some...

And for the avoidance of FUD: https://en.bitcoin.it/wiki/Myths

It is worth pointing out that Bitcoin does not require an investment to use it. Merchants can price their goods in bitcoins using a real-time exchange rate to limit their exposure to changing prices.

Since transactions propagate (without confirmations) within a few seconds the merchant can accept the payment and later cash out to, say, USD/GBP/EUR via the exchange or some other mechanism (e.g. direct to a credit card). Alternatively, if part of their supply chain takes payment in bitcoins (e.g. a hosting service for their website, or a supplier of goods) then they can simply pay their overheads with them.

Disclaimer: I am currently long on bitcoins and am using them as part of my long term retirement fund.

If you want some help getting started with Java, I'm willing to give you some pointers so you can feel confident developing web applications.

I can be found on gary-rowe.com.

If I were 20 now, and I wanted to be financially independent by 35, I would be doing the following:

1) Building an asset base that provided me with an unearned income equal to whatever my needs are at the time (e.g I need $1000 per month to live, I make an asset that generates $1000 per month without any significant effort on my part)

2) To achieve 1) I would be investing my time and energy in learning web based technologies. Specifically: Java 1.6+, Ruby, RESTful web services, XML, JSON, AJAX, Spring, Maven, GITHub, SVN and so on.

3) To achieve 2) I would spend my evenings writing code for my own medium sized project (e.g. travel review site) with no intention of selling it. My work would involve learning how to make things work efficiently on the web so that my own involvement was kept to zero, with the system continuing to work perfectly.

4) To achieve 3) I would work closely with people who really know how to code for the web. I wouldn't worry about how "cliquey" or anal they were. I would ask them questions and listen carefully to their answers - particularly if I didn't understand them.

Hopefully this will help you, but if you'd like more information then feel free to contact me via www.gary-rowe.com.