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.
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:
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the bitcoin price plunge as Baidu ditches the crypto currency and China bans it for financial firms. Unnoticed at the same time, Germany declares bitcoin to be private money and Merrill Lynch claims it can replace money transfer systems like Western Union. In the second half, Max interviews Dr. Christos Vlachos, CFO of the University of Nicosia, which is now accepting bitcoin as payment and he explains how the volatility in the price won’t matter to the university. They also discuss Dr. Vlachos’ hope to turn Cyprus into a bitcoin hub.
The last 48 hours have been interesting in Bitcoin news. The Bitcoin Channel takes us in for a closer look into the news from China, the biggest bitcoin heist in history, and the recent dip in the market.
Mike Hearn discusses “The future of Bitcoin: new applications and rebuilding the banking system” at the London Bitcoin Conference 2012.
Stefan Molyneux, MA, host of Freedomain Radio, brings over 15 years of software and business entrepreneurial experience to the question: What is the true value of Bitcoin?
Bitcoin, the subversive virtual currency, is now recognised by the Fed. So what now? Digital currencies bypass government and with it, central banks, regulation and oversight. It’s the thing that makes them so attractive. But does this lack of control, and their volatility, mean currencies like Bitcoin can never replace dollars, pounds and yen?
In the second half, Max interviews author and gold bug, Dominic Frisby about his new book – Life After the State. They look at polls suggesting the UK public wants more state intervention rather than less and also at the rise of the stateless currency – bitcoin.
Economists are up in arms, claiming that bitcoin’s 1000% annual growth is faster than anything they’ve ever seen. Because of that, they lash out, calling bitcoin volatile, a bubble, a pyramid scheme, etc. But don’t worry, we put on our VC glasses, compare the 4.5 year old bicoint to facebook, twitter, google at the same periods in their growth. The result is that Bitcoin’s growth is as exponential, as volatile and as normal as any enormous tech giant.
CNBC covers recent volatility concerns about Bitcoin with the Winklevoss twins this morning.
The twins commented:
The small bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now
As for what regulators in Washington think about bitcoin, I think everyone recognizes the innovation and doesn’t want to stifle it. They just want to make sure there’s healthy regulations so it’s used in a safe and productive manner.
Video and Full Article: http://www.cnbc.com/id/101190181
My first purchase with Bitcoin! A subway in Allentown accepts Bitcoin so I took the two hour drive to get a sub. My total was $12.35 USD but I paid .04 BTC
Andrea Castillo Discusses Bitcoin on News Channel 8
Bitcoin makes the main talking point on The Keiser Report this week while Herbert backs up claims made by industry professionals:
Yes, bitcoin. The currency is already creating economic value across Africa, China and the developing world…
Popular bitcoin news outlets are getting together and talking bitcoin in this second episode of a weekly installment of The Bitcoin Group. This week is featuring Andreas M. Antonopoulos, Derrick J. Freeman, Davi Barker and MadBitcoins:
THIS WEEK: Issue 1 – Bitcoin Bubble? Issue 2 – China and Bitcoins. Issue 3 – Bitcoin Island. Issue 4 – Bitcoins and the Homeless.