This bitcoin animation tells you the basics of bitcoin and why we think it’s such an important innovation!
A fresh “How Bitcoin Works” video has just been released and definitely a good video to share with those wanting to know more about bitcoins and the bitcoin protocol.
I recently noticed Mr. Drogens site has been down due to all the traffic its getting. So, I wanted to repost his article so no one misses out on reading, what I think to be, a really great piece on Bitcoin.
Why I Bought One Bitcoin
Posted by Leigh Drogen on November 16th, 2013A few months ago, after the first so called “crash” of Bitcoin, I bought one. I bought one Bitcoin primarily because I wanted to have a hands on understanding of how the thing worked. People are inherently afraid of what they don’t understand, and when you mix money with math and technology, three things very few people understand individually let alone all together, it’s bound to scare the crap out of just about everyone. Continue reading
The ubiquitous soda of the 1980’s and 1990’s is giving it another shot and asks for fan support, even from the Bitcoin community.
(Richmond Hill, ON) Dec. 20, 2013, – Clearly Canadian, in keeping with the ever evolving digital age, is opening up its coming online pre-sales campaign to the global bitcoin community. “Online virtual currencies are clearly here to stay – no pun intended”, according to Mitch Callahan, Clearly Canadian’s Bitcoin Campaign Manager. “Just as Clearly Canadian pioneered the new age beverage industry in the ‘80s and ‘90s…bitcoin, in a much more profound way, is poised to change how we all transact business on a global scale. Clearly Canadian finds that truly exciting and we are proud to be a new emerging member of the bitcoin community.” Continue reading
As reported on CoinDesk, Singapore has taken a hands off approach when considering regulations on the Digital Currency, Bitcoin. This adds them to the short list of open and unregulated countries supporting bitcoin like Japan and Germany.
At a time when many central banks and regulators are issuing bitcoin warnings and taking steps to limit bitcoin-related trades, Singapore’s central bank has decided to steer clear of bitcoin, for now at least.
The Monetary Authority of Singapore(MAS) told Singapore-based trading platform Coin Republic that it will not interfere with bitcoin adoption. The authority said: “Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene.”
Full Article Here.
India’s adoption of bitcoin has been largely anticipated by the bitcoin community after seeing China’s recent push for the most popular digital currency. With over a billion citizens, India has just launched their own exchange Unocoin.com, which now services the 2nd most populated nation in the world.
Meanwhile Bitcoin Indonesia, which can be found at bitcoin.co.id, is now exchanging their fiat currency, Rupee, for bitcoins. This article has more:
“The advantage of bitcoin compared to conventional currency is that bitcoins do not experience inflation,” [Oscar said, co-founder of Indonesian bitcoin trading website] . “The condition of a country sometimes makes its central bank print more currency, but it bitcoin, inflation is unlikely because the amount is fixed.” Continue reading
Adding to the long list of everyday things you can use bitcoin for, Greeley Convenience Store in CO gets the award for 1st gas station accepting the worlds most popular all digital currency.
Greeley, CO – The Cosmic Market located at 2730 23rd Avenue, Greeley, Colorado today becomes the first Gas Station/Convenience Store to start accepting BITCOINS as payment. Using Coinbase for a bitcoin wallet and through the use of Coinbase API, the owner was able to create a simple to use bitcoin acceptance terminal that is simple to use for cashiers.
… and is reducing its trading fees to celebrate this holiday season!
Bitcoin has a central bank called the “Bitcoin network,” which we will refer to as the Bitcoin Central Bank (BCB). This central bank issues a currency called “bitcoins” and processes the transfer of bitcoins between accounts. The BCB’s rule-based monetary policy was set at its creation and its independence is secured by the distributed nature of the underlying network. […]
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss factory-farmed citizen consumers who live in mom’s basement, dragging the economy down with them. They also discuss the monoculture of housing bubbles and high interest rate loans in the workplace. In the second half, Max interviews Bill Still about his conversion to crypto-currencies and what role of the NSA spying scandal played in his decision.
An ACE Hardware store in MI just announced they will be accepting Bitcoin, making a helpful place, that much more helpful. My family has long been shoppers of ACE Hardwares around the country, and honestly it’s rather surprising to see such a traditional store add Bitcoin to their list of payment methods.
Show them some love and spend a little BTC at Tony’s Ace Hardware!
Tony’s Ace Hardware is a hardware store that has been in Hazel Park, Michigan since the 1930s. Shop Tony’s Ace Hardware for cleaning supplies, plumbing materials, paint, and more. Tony’s Ace Hardware proudly serves the Hazel Park, MI community with superb customer service and high quality hardware store products. We accept bitcoin.
Bobby Lee, CEO of BTC China, says there is no need to panic after Chinese authorities blocked the country’s Bitcoin exchanges from accepting new cash inflows.
It’s far from over, they are now actively “Looking for alternative” payment gateways.
Watch the Video here: http://video.cnbc.com/gallery/?video=3000229171
Yesterday it was the US Treasury’s Financial Crimes Enforcement Network that tightened its grip on businesses that accept Bitcoin. Today, it is China, where the world’s largest Bitcoin exchange by trading volume, BTCChina announced that he had received word from “above” that his platform would no longer be able to accept renminbi from BTC buyers. “As of right now, we have received notice from our third-party payment company that they will disallow customers from making deposits into our exchange,” Bobby Lee, a former Yahoo developer who co-founded BTCChina this year, told the Financial Times. The result, not surprisingly, is an overnight crash in BTC, which crashed by 50% from $900 two days ago to just $455 hours ago.
Rest of the story here.
The Financial Supervisory Authority of Denmark came out with a statement today on the subject of Bitcoin.
The statement mainly geared towards the dangers revolving around cryptocurrencies like Bitcoin and Litecoin.The statement presented 6 negative aspects on cryptocurrencies and went into detail on each one. Continue reading
This is the 1st episode in our Big 5 blackboard series — where we look at five features (likely more in the future) where bitcoin’s inherent features could take over five different trillion dollar markets. The video starts with the misconception many people have with the idea of intrinsic value. It turns out that bitcoin is laden with amazing values, all ‘inherently’ intrinsic.
MorningBit is a video series usually covering 3 important topics in the Bitcoin world every day. Check them out:
The website snapCard has created a way to spend bitcoin on virtually any website. Some are still wondering why this company, located in San Francisco, CA, hasn’t gotten more publicity.
snapCard was founded in 2013 in order to help bring liquidity to the Bitcoin currency. The snapCard team is dedicated to making Bitcoin an everyday and liquid currency.
Yes, you read right.
Lamborghini Newport Beach just posted an article about their first bitcoin sale today on their blog.
They sold a Tesla Model S electric car from what their post reads:
Bitcoin, a fully encrypted and fully digital currency, has been used by a recent client of ours to pay for a Tesla Model S Performance we had in our inventory. That’s right, an electronic currency was used to purchased a fully electric vehicle.
More and more large purchases are being used with bitcoin, not only because bitcoin’s transaction fees are almost nothing but their are now so many new bitcoin millionaires able to buy their dream cars.
And, if the market continues the way it has – there are plenty of more millionaires to come.
It looks like a done deal; as soon as next month the city’s police chief will be paid in bitcoins.
Police Chief Tony Vaughn appeared before the commission last month to officially request that his salary be paid to him in Bitcoin, a new virtual currency which exists only on the Internet and this year has gained significant traction, with its value rising by the end of November to more than $1,000 per coin, according to USA Today.
“We done a checkup on it, and that’s the way he wants paid, and that’s the way the city is going to pay him,” Branson said.
Yes it’s true.
Ordering guns online has been around for a long time.. but those accepting bitcoin? not a chance, until now. GunsUnder500, an online gun store selling guns under $500, is now accepting bitcoin as a payment for any of their online purchases.
Can anyone really say you can’t buy anything with bitcoin anymore? Hardly.
This black friday saw over a 6000% increase in merchant transactions. The recent price increase in Bitcoin has really pushed many small and medium size businesses to adopt it as one of their payment methods. I mean why wouldn’t you store your business savings in bitcoin if you can get 10 fold increases or higher.
Pretty soon you may just buy your gun designs with say 0.001 bitcoin and print them out at home, or is that here already too?
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