Melbourne bitcoin meetup 16 Jan 2014

I just went to the melbourne bitcoin meet up just now – lots of people under 44 degrees weather – surprised.

The location was “The York Butter Factory” between collins st and kings st in the heart of melbourne. I couldn’t find a parking spot and was late, so I missed 90% on the first presentation (a melbournian bitcoin exchange startup).

the crowd
There were lots of people squeezing in a small room.

The next presentation was interesting. It was about a bitcoin POS system startup in melbourne as well – DC POS

managing director of dcpos (michael) giving the presentation

So how does the POS works? On a tablet for example, the shop owner enters the amount to charge,

bitcoin pos

Then as a customer, you use your mobile bitcoin wallet and scan a qr code,

qr code

You have just authorised a transaction from your wallet to the shop’s wallet. Next, wait for confirmation.

Yes, a green tick means transaction successful.

If the verification speed can be quick enough, this can be a big competitor to all major credit card companies… credit card companies have to evolve anyway because bitcoin is the future.


Author: bpeh

Bernard Peh is a great passioner of web technologies and one of the co-founder of Website Design and Reviews. He works with experienced web designers and developers everyday, developing and designing commercial websites. He specialises mainly in SEO and PHP programming.